v3.26.1
FAIR VALUE MEASUREMENT (Tables)
6 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE ON FINANCIAL LIABILITIES

As of April 30, 2026 and October 31, 2025, the estimated fair values of the Company’s financial liabilities are presented in the following table:

  

   April 30, 2026 
2023 Series Convertible Notes Payable - Stock Settled - Derivative/Warrant Liability  $2,279 
2023 Series B Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   29,556 
2024 Series Senior Secured Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   12,556 
2025 Series Senior Secured Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   4,752,032 
Total  $4,796,423 

 

   October 31, 2025 
2023 Series Convertible Notes Payable - Stock Settled - Derivative/Warrant Liability  $4,122 
2023 Series B Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   53,442 
2024 Series Senior Secured Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   66,032 
2025 Series Senior Secured Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   5,448,146 
Total  $5,571,742 
SCHEDULE OF FAIR VALUE DERIVATIVE LIABILITIES ON RECURRING BASIS

The following table presents a roll-forward of the fair value of the derivative liabilities associated with the Company’s warrants included with its 2025 Series Senior Secured Convertible Notes, its 2024 Series Senior Secured Convertible Notes Payable and its 2023 Series Convertible Notes Payable, categorized as Level 3:

 

  

Six Months

Ended

April 30, 2026

  

Year Ended

October 31, 2025

 
Beginning Balance  $5,571,742   $280,972 
Additions   -    5,783,825 
Subtractions   (47,269)   - 
Total Unrealized Gains   (728,050)   (493,055)
Ending Balance  $4,796,423   $5,571,742 
SCHEDULE OF FAIR VALUE DERIVATIVE LIABILITIES ON WARRANTS GRANTED

The fair value of the warrants granted in connection with the 2023 Series Convertible Notes Payable, the 2024 Series Senior Secured Convertible Notes Payable - Stock Settled and the 2025 Series Senior Secured Convertible Notes Payable – Stock Settled during the periods presented was estimated using the Black-Scholes option-pricing model with the following assumptions at April 30, 2026 and October 31, 2025:

 

   April 30, 2026   October 31, 2025 
Risk-free interest rate   3.79%-4.02%   3.61%-4.36%
Dividend yield   0.00%   0.00%
Volatility factor   128.19%-132.3%   129.58%-136.33%
Weighted average expected life (years)   1.0 - 2.0    1.52.5