| ACCOUNTS RECEIVABLES, NET |
NOTE 3 — ACCOUNTS RECEIVABLES, NET
As of April 30, 2025 and
October 31, 2024, 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 | |
The following is a summary
of the activity in the allowance for expected credit losses:
| | |
April 30,
2025 | | |
October 31,
2024 | |
| Balance at beginning of period – Non-franchisees | |
| 157,769 | | |
| 24,398 | |
| (Reversal) Provision | |
| (1,669 | ) | |
| 132,787 | |
| Effect of translation adjustment | |
| (3,316 | ) | |
| 584 | |
| Balance at end of period – Non-franchisees | |
| 152,784 | | |
| 157,769 | |
| | |
April 30,
2025 | | |
October 31,
2024 | |
| Balance at beginning of period – Franchisees | |
| 74,082 | | |
| 66,106 | |
| Provision | |
| 1,010 | | |
| 6,393 | |
| Effect of translation adjustment | |
| (1,557 | ) | |
| 1,583 | |
| Balance at end of period – Franchisees | |
| 73,535 | | |
| 74,082 | |
|