v3.26.1
Segments Information
 12 Months Ended
Oct. 31, 2025
Segments Information [Abstract]  
SEGMENTS INFORMATION

NOTE 17 — SEGMENTS 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:

 

   Year Ended October 31, 2025 
   Product
Sales		   Franchise
fees		   Consolidated 
Revenues, net   1,014,034    1,510,809    2,524,843 
Cost of revenues   129,326    13,200    142,526 
Gross profit   884,708    1,497,609    2,382,317 
Depreciation and amortization   109,369    —    109,369 
Other (income) expense, net   11,130,126    15,226,929    26,357,055 
Income tax expenses (benefits)   18,198    262,448    280,646 
Net Income (loss)   (10,372,985)   (13,991,768)   (24,364,753)

 

   Year Ended October 31, 2024 
   Product
Sales		   Franchise
fees		   Consolidated 
Revenues, net   707,231    1,674,620    2,381,851 
Cost of revenues   88,983    106,353    195,336 
Gross profit   618,248    1,568,267    2,186,515 
Depreciation and amortization   18,636    4,050    22,686 
Other (income) expense, net   742,202    628,206    1,370,408 
Income tax expenses (benefits)   (23,992)   338,852    314,860 
Net Income (loss)   (118,598)   597,159    478,561 
   Year Ended October 31, 2023 
   Product
Sales		   Franchise
fees		   Consolidated 
Revenues, net   648,745    1,810,357    2,459,102 
Cost of revenues   141,785    169,204    310,989 
Gross profit   506,960    1,641,153    2,148,113 
Depreciation and amortization   4,936    15,127    20,063 
Other (income) expense, net   558,094    388,387    946,481 
Income tax expense (benefit)   (17,163)   346,690    329,527 
Net Income (loss)   (38,907)   890,949    852,042 

 

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

 

Sales revenues comprised of the following:

 

   Year Ended 
   October 31,   October 31,   October 31, 
   2025   2024   2023 
Products sales – Non-franchisees   535,760    21%   355,832    15%   302,505    12%
Product sales – Franchisees   478,274    19%   351,399    15%   346,240    14%
Franchise fees   1,510,809    60%   1,674,620    70%   1,810,357    74%
Amount   2,524,843    100%   2,381,851    100%   2,459,102    100%

 

Direct costs comprised of the following:

 

   Year Ended 
   October 31,
 2025		   October 31,
2024		   October 31,
2023		 
Products sales – Non-franchisees   21,982    15%   21,390    11%   45,770    15%
Product sales – Franchisees   107,344    75%   67,593    35%   96,015    31%
Franchise fees   13,200    10%   106,353    54%   169,204    54%
Amount   142,526    100%   195,336    100%   310,989    100%

 

Gross profit comprised of the following:

 

   Year Ended 
   October 31,
 2025		   October 31,
 2024		   October 31,
 2023		 
Productssales – Non-franchisees   513,778    22%   334,422    15%   256,735    12%
Product sales – Franchisees   370,930    16%   283,806    13%   250,225    12%
Franchise fees   1,497,609    62%   1,568,267    72%   1,641,153    76%
Amount   2,382,317    100%   2,186,515    100%   2,148,113    100%