| Schedule of Loan Receivables from Franchisees |
accounts receivables, net is comprised of the following:
| | |
April 30,
2025 | | |
October 31,
2024 | |
| Accounts receivables – Non franchisees | |
| 155,865 | | |
| 157,769 | |
| Allowance for expected credit losses | |
| (152,784 | ) | |
| (157,769 | ) |
| Accounts receivables, net – Non-franchisees | |
| 3,081 | | |
| — | |
| | |
April 30,
2025 | | |
October 31,
2024 | |
| Accounts receivables – Franchisees | |
| 193,711 | | |
| 404,974 | |
| Allowance for expected credit losses | |
| (73,535 | ) | |
| (74,082 | ) |
| Accounts receivables, net – Franchisees | |
| 120,176 | | |
| 330,892 | |
|
| Schedule of Movement of Loan |
The following is a summary
of the movement of the loan:
| | |
April 30,
2025 | | |
October 31,
2024 | |
| Balance at beginning of period | |
| 801,512 | | |
| 362,917 | |
| Loans lend to franchisees | |
| 691,377 | | |
| 1,236,518 | |
| Repayment from franchisees | |
| (416,890 | ) | |
| (810,660 | ) |
| Effect of translation adjustment | |
| (16,939 | ) | |
| 12,737 | |
| Balance at end of period | |
| 1,059,060 | | |
| 801,512 | |
|
| Schedule of Loan Receivables from Franchisees |
As of April 30, 2025 and
October 31, 2024, loan receivables from franchisees, net comprised of the following:
| | |
April 30,
2025 | | |
October 31,
2024 | |
| Loan receivables from franchisees | |
| 1,059,060 | | |
| 801,512 | |
| Allowance for expected credit losses | |
| (62,455 | ) | |
| (55,520 | ) |
| Loan receivables from franchisees, net | |
| 996,605 | | |
| 745,992 | |
As of April 30, 2025 and
October 31, 2024, loans receivable from franchisees, net comprised of the following:
| | |
April 30,
2025 | | |
October 31,
2024 | |
| Gao Wenjing | |
| 51,578 | | |
| 52,685 | |
| Wang Shimei | |
| 51,578 | | |
| — | |
| Xu Yong | |
| 8,940 | | |
| — | |
| Nan Xifeng | |
| 8,940 | | |
| — | |
| Zeng Yongjian | |
| 45,388 | | |
| 46,361 | |
| Song Mingfang | |
| 51,578 | | |
| — | |
| Wang Zhiya | |
| — | | |
| 52,685 | |
| Yu Yang | |
| 51,578 | | |
| 52,685 | |
| Wang Limin | |
| — | | |
| 52,685 | |
| Zhou Guixiang | |
| — | | |
| — | |
| Wang Jia | |
| 8,940 | | |
| — | |
| Wang Xuefeng | |
| 178,802 | | |
| 182,641 | |
| Wang Xiaohui | |
| 8,940 | | |
| — | |
| Zheng Yanhai | |
| 8,940 | | |
| 9,132 | |
| Chen Yu | |
| — | | |
| 9,132 | |
| Zhang Ying | |
| — | | |
| 9,132 | |
| Wang Hongli | |
| — | | |
| 9,132 | |
| Ge Xiaoqing | |
| — | | |
| 9,132 | |
| Zhu Hongjun | |
| 51,578 | | |
| 52,685 | |
| Liu Jie | |
| 51,578 | | |
| 52,685 | |
| Zhou Qianqian | |
| 51,578 | | |
| 52,685 | |
| Meng Hao | |
| — | | |
| 52,685 | |
| Liu Zonghui | |
| — | | |
| 52,685 | |
| Li Ruonan | |
| — | | |
| 52,685 | |
| Yan Tianxiang | |
| 8,940 | | |
| — | |
| Wu Yinghan | |
| 178,802 | | |
| — | |
| Liu Yuping | |
| 178,802 | | |
| — | |
| Xiao Yang | |
| 17,880 | | |
| — | |
| Sun Zhongyao | |
| 8,940 | | |
| — | |
| Shen Yue | |
| 8,940 | | |
| — | |
| Sun Xuqiang | |
| 8,940 | | |
| — | |
| Zhao Zhe | |
| 8,940 | | |
| — | |
| Fan Lingfu | |
| 8,940 | | |
| — | |
| | |
| 1,059,060 | | |
| 801,512 | |
| Less: Allowance for expected credit loss | |
| (62,455 | ) | |
| (55,520 | ) |
| Loan receivables from franchisees, net | |
| 996,605 | | |
| 745,992 | |
|