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