Other Receivables and Other Current Assets |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Receivables and Other Current Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OTHER RECEIVABLES AND OTHER CURRENT ASSETS | NOTE 4 – OTHER RECEIVABLES AND OTHER CURRENT ASSETS
Other receivables and other current assets comprised of the following:
As of April 30, 2025, the balance of prepaid expense was $8,544,687.
On December 16, 2023, Shenzhen Jiuzi entered into an agreement with a third party, Beijing YanErYouXin Technonogy Co., Ltd.(“YanErYouXin”). Shenzhen Jiuzi provided a prepayment in full to YanErYouXin in the amount of RMB88.75 million (approximately $12.21 million). Under the agreement, Shenzhen Jiuzi commissioned YanErYouXin to procure 220V outdoor portable and rechargeable batteries bearing the Company’s brand logo. The allowance for credit losses was accrued $3.66 million. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||