LONG-TERM BUSINESS LOAN |
6 Months Ended |
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Apr. 30, 2026 | |
| Debt Disclosure [Abstract] | |
| LONG-TERM BUSINESS LOAN | NOTE 12 – LONG-TERM BUSINESS LOAN
The Company maintains a long-term business loan agreement with principal proceeds of $70,000.
Interest accrues on the outstanding principal balance in accordance with the terms of the agreement.
For the six months ended April 30, 2026, the Company recorded interest expense of $5,250, which was accrued and included in accrued interest payable.
As of April 30, 2026, accrued interest payable totaled $13,125.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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