v3.25.2
Segments and Geographic Information
 6 Months Ended
Apr. 30, 2025
Segments and Geographic Information [Abstract]  
SEGMENTS AND GEOGRAPHIC INFORMATION

NOTE 16 — SEGMENTS AND GEOGRAPHIC INFORMATION

 

The Company believes that it operates in two business segments which comprised of products sales and franchise service; and it operates in one geographical location China. The Company disaggregates its revenue into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

 

Summarized financial information for the two reportable segments is as follows:

 

   Six Months Ended April 30, 2025 
   Product Sales   Franchise fees   Consolidated 
Revenues, net   404,438    834,759    1,239,197 
Cost of revenues   47,882    10,618    58,500 
Gross profit   356,556    824,141    1,180,697 
Depreciation and amortization   15,508         15,508 
Other expense (income), net   7,112,270    13,709,967    20,822,237 
Income tax expenses (benefits)   1,262    177,684    178,946 
Net (Loss) Income   (6,772,484)   (13,063,510)   (19,835,994)

 

   Six Months Ended April 30, 2024 
   Product Sales   Franchise fees   Consolidated 
Revenues, net   300,958    551,970    852,928 
Cost of revenues   40,224    57,885    98,109 
Gross profit   260,734    494,085    754,819 
Depreciation and amortization   7,274    4,055    11,329 
Other expense (income), net   415,785    234,419    650,204 
Income tax expenses (benefits)   (5,366)   49,752    44,386 
Net (Loss) Income   (156,959)   205,859    48,900 

 

Summarized financial information for revenues, costs and profits is as follows

 

Sales revenues comprised of the following:

   Six Months Ended 
   April 30,
2025		   April 30,
2024		 
Products sales – Non-franchisees   208,701    17%   164,958    19%
Product Sales – Franchisees   195,737    16%   136,000    16%
Franchise fees   834,759    67%   551,970    65%
Total   1,239,197    100%   852,928    100%

Direct costs comprised of the following:

 

   Six Months Ended 
   April 30,
2025		   April 30,
2024		 
Products sales – Non-franchisees   10,316    18%   11,764    12%
Product Sales – Franchisees   37,566    64%   28,460    29%
Franchise fees   10,618    18%   57,885    59%
Total   58,500    100%   98,109    100%

 

Gross profit comprised of the following:

 

   Six Months Ended 
   April 30,
2025		   April 30,
2024		 
Products sales – Non-franchisees   198,385    17%   153,194    20%
Product Sales – Franchisees   158,171    13%   107,540    15%
Franchise fees   824,141    70%   494,085    65%
Total   1,180,697    100%   754,819    100%