Schedule of Reportable Segments |
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 | |
|
Schedule of Financial Information for Revenues, Costs and Profits |
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 | % |
|