v3.26.1
DEBT
 6 Months Ended
May 03, 2026
DEBT [Abstract]  
DEBT
NOTE 7 - DEBT

The balance of long-term debt and its current portion was comprised of the following finance leases as described below:

   
May 3,
    
October 31,
  
    2026
    2025
  
Principal due:
            
Next 12 months
  
$
11
     $
11
  
Months 13 – 24
  
$
3,853
     $
12
  
Months 25 – 36
    
-
      
1
  
Months 37 – 48
    
-
      
-
  
Months 49 – 60
    
-
      
-
  
Long-term debt
    
3,853
      
13
  
Total debt
  
$
3,864
     $
24
  
                 
Interest rate at balance sheet date
    
N/A
      
N/A
  
Basis spread on interest rates
    
N/A
      
N/A
  
Interest rate reset
    
N/A
      
N/A
  
Maturity date
    
N/A
      
N/A
  
Periodic payment amount  
Varies as
Lease matures
    


Varies as
Lease matures
  
Periodic payment frequency
  

Varies
    

Monthly
  
Finance lease ROU assets (carrying amount)
  
$
3,846
(1) 
   $
1
(1) 

(1) Represents the carrying amount at the balance sheet date of the related ROU assets, in which the lessors have secured interests. Please refer to Note 5.

Finance Lease

In April 2026, the Company received a tool component associated with the purchase of an FPD lithography tool. Under the arrangement, the Company may either return or purchase the tool component from the vendor after a 12-month period. The Company has determined that the arrangement contains an embedded finance lease under ASC 842, as it contains an identified asset, has the right to direct the use of the asset and obtains substantially all the economic benefits from its use.