Related-Party Transactions |
6 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related-Party Transactions | Note 7 – Related-Party Transactions
License Fees and Accounts Payable
The KBI License agreement provides that KBI shall pay Bidi license fees equivalent to 50% of the adjusted earned royalty payments, after any offsets due to jointly agreed costs such development costs incurred for entry to specific international markets. Bidi is considered a related party because it beneficially owns more than 10% of the Company’s outstanding common stock.
During the three and six months ended April 30, 2026, the Company paid license fees of approximately $32,500 and $70,000 , respectively to Bidi. As of April 30, 2026, the Company had a payable to Bidi of $30,000 related to the PMI License Agreement.
During the three and six months ended April 30, 2025, the Company paid license fees of approximately $90,000 and $198,215, respectively to Bidi. As of April 30, 2025, the Company had a payable to Bidi of $35,000 related to the PMI License Agreement. |