v3.26.1
Accounts Receivables, Net
12 Months Ended
Oct. 31, 2025
Accounts Receivables, Net [Abstract]  
ACCOUNTS RECEIVABLES, NET

NOTE 4 — ACCOUNTS RECEIVABLES, NET

 

In accordance with contractual agreements, the Company has the power to direct the activities of the VIEs and can have assets transferred out of the VIEs. Therefore, the Company considers that there are no assets in the respective VIEs that can be used only to settle obligations of the respective VIEs as of October 31, 2025 and 2024. As the respective VIEs are incorporated as individual business under the PRC Company Law, creditors do not have recourse to the general credit of the Company for the liabilities of the respective VIEs.

 

Accounts receivables, net is comprised of the following:

 

   October 31,
2025
   October 31,
2024
 
Accounts receivables – Non-franchisees   22,331    157,769 
Allowance for expected credit losses   (17,866)   (157,769)
Accounts receivables, net – Non-franchisees   4,465     

 

   October 31,
2025
   October 31,
2024
 
Accounts receivables – Franchisees   378,372    404,974 
Allowance for expected credit losses   (126,993)   (74,082)
Accounts receivables, net – Franchisees   251,379    330,892 

 

The following is a summary of the activity in the allowance for expected credit losses:

 

    October 31,
2025
    October 31,
2024
 
Balance at beginning of year – Non-franchisees     157,769       24,398  
Provision           132,787  
Reversal     (50,091 )      
Written-off     (87,923 )      
Effect of translation adjustment     (1,889 )     584  
Balance at end of year – Non-franchisees     17,866       157,769  

 

   October 31,
2025
   October 31,
2024
 
Balance at beginning of year – franchisees   74,082    66,106 
Provision   52,180    6,393 
Reversal        
Effect of translation adjustment   731    1,583 
Balance at end of year – franchisees   126,993    74,082