CONVERTIBLE NOTES PAYABLE (Tables)
|
6 Months Ended |
Apr. 30, 2026 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of convertible notes payable outstanding |
| Schedule of convertible notes payable outstanding | |
| | | |
| | | |
| | |
| | |
Jefferson Street Capital | |
Lambda Ventures, LLC | |
Total |
| Principal amount | |
$ | 96,250 | | |
$ | 96,250 | | |
$ | 192,500 | |
| Add: Guaranteed interest payable | |
$ | 7,700 | | |
$ | 7,700 | | |
$ | 15,400 | |
| Gross note balance | |
$ | 103,950 | | |
$ | 103,950 | | |
$ | 207,900 | |
| Less: Original issue discount | |
$ | (8,199 | ) | |
$ | (8,246 | ) | |
$ | (16,445 | ) |
| Less: Warrant discount (ASC 470-20) | |
$ | (33,929 | ) | |
$ | (42,962 | ) | |
$ | (76,891 | ) |
| Less: Debt issue Costs | |
$ | (4,919 | ) | |
$ | (4,948 | ) | |
$ | (9,867 | ) |
| Less: Guaranteed interest cost | |
$ | (7,215 | ) | |
$ | (7,257 | ) | |
$ | (14,472 | ) |
| Less: Derivative discount | |
$ | (43,138 | ) | |
$ | (34,556 | ) | |
$ | (77,694 | ) |
| Net carrying value | |
$ | 6,550 | | |
$ | 5,981 | | |
$ | 12,531 | |
|
| Schedule of allocation and total debt discount |
| Schedule of allocation and total debt discount |
|
|
|
|
|
|
|
|
| |
|
April 7,
2026 |
|
April 30,
2026 |
| Note Principal (Face Value) |
|
$ |
96,250 |
|
|
$ |
96,250 |
|
| Guaranteed Interest Payable |
|
|
7,700 |
|
|
|
7,700 |
|
| Gross Note Balance |
|
|
103,950 |
|
|
|
103,950 |
|
| Less: Unamortized Debt Discount - OID |
|
|
(8,750 |
) |
|
|
(8,199 |
) |
| Less: Unamortized Debt Discount - Guaranteed Interest |
|
|
(7,700 |
) |
|
|
(7,215 |
) |
| Less: Unamortized Debt Discount - Warrant |
|
|
(36,211 |
) |
|
|
(33,929 |
) |
| Less: Unamortized Debt Issue Costs |
|
|
(5,250 |
) |
|
|
(4,919 |
) |
| Less: Unamortized Debt Discount - Derivative |
|
|
(46,039 |
) |
|
|
(43,138 |
) |
| Convertible Note Payable, Net |
|
$ |
— |
|
|
$ |
6,550 |
|
Lambda Ventures
| |
|
|
|
|
|
|
|
|
| |
|
April 9,
2026 |
|
April 30,
2026 |
| Note Principal (Face Value) |
|
$ |
96,250 |
|
|
$ |
96,250 |
|
| Guaranteed Interest Payable |
|
|
7,700 |
|
|
|
7,700 |
|
| Gross Note Balance |
|
|
103,950 |
|
|
|
103,950 |
|
| Less: Unamortized Debt Discount - OID |
|
|
(8,750 |
) |
|
|
(8,246 |
) |
| Less: Unamortized Debt Discount - Guar. Int. |
|
|
(7,700 |
) |
|
|
(7,257 |
) |
| Less: Unamortized Debt Discount -Warrant |
|
|
(45,584 |
) |
|
|
(42,962 |
) |
| Less: Unamortized Debt Issue Costs |
|
|
(5,250 |
) |
|
|
(4,948 |
) |
| Less: Unamortized Debt Discount - Derivative |
|
|
(36,666 |
) |
|
|
(34,556 |
) |
| Convertible Note Payable, Net |
|
$ |
— |
|
|
$ |
5,981 |
|
|
| Schedule of loss on fair value of convertible note |
| Schedule of loss on fair value of convertible note |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
LV Note
(Day 1) |
|
JSC Note
(Day 1) |
|
Total |
| Note Face Value |
|
$ |
96,250 |
|
|
$ |
96,250 |
|
|
$ |
192,500 |
|
| Guaranteed Interest |
|
|
7,700 |
|
|
|
7,700 |
|
|
|
15,400 |
|
| Gross Note Balance |
|
$ |
103,950 |
|
|
$ |
103,950 |
|
|
$ |
207,900 |
|
| Less Debt cost |
|
|
|
|
|
|
|
|
|
|
|
|
| (a) Original Issue Discount (OID) |
|
|
(8,750 |
) |
|
|
(8,750 |
) |
|
|
(17,500 |
) |
| (b) Guaranteed Interest Charge |
|
|
(7,700 |
) |
|
|
(7,700 |
) |
|
|
(15,400 |
) |
| (c) Warrant Fair Value (Black-Scholes) |
|
|
(45,584 |
) |
|
|
(36,211 |
) |
|
|
(81,795 |
) |
| (d)Debt Issue Costs |
|
|
(5,250 |
) |
|
|
(5,250 |
) |
|
|
(10,500 |
) |
| Net value of note |
|
$ |
36,666 |
|
|
$ |
46,039 |
|
|
$ |
82,705 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Liability — Intrinsic Value |
|
$ |
(113,986 |
) |
|
$ |
(69,300 |
) |
|
$ |
(183,286 |
) |
| Less: Net value of note |
|
$ |
36,666 |
|
|
$ |
46,039 |
|
|
$ |
82,705 |
|
| Day 1 loss on issuance of note |
|
$ |
(77,320 |
) |
|
$ |
(23,261 |
) |
|
$ |
(100,581 |
) |
|
| Schedule of loss on fair value of convertible note |
| Schedule of loss on fair value of convertible note | |
| | |
| |
Amount |
| Convertible note – Newlan law firm | |
$ | 59,867 | |
| Less: Share issued for conversion | |
| (47,446 | ) |
| Gain on fair value of convertible note | |
$ | 12,421 | |
|
| Schedule of common stock purchase warrants outstanding |
| Schedule of common stock purchase warrants outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Counterparty |
|
Issue Date |
|
Warrant Shares |
|
Exercise Price |
|
Expiration |
|
Grant-Date Fair Value |
|
Status |
| Jefferson Street Capital, LLC |
|
Apr 7, 2026 |
|
|
385,000 |
|
|
$ |
0.25 |
|
|
|
Apr 7, 2031 |
|
|
$ |
36,211 |
|
|
|
Outstanding |
|
| Lambda Ventures, LLC |
|
Apr 9, 2026 |
|
|
385,000 |
|
|
$ |
0.25 |
|
|
|
Apr 9, 2031 |
|
|
$ |
45,584 |
|
|
|
Outstanding |
|
| Total |
|
|
|
|
770,000 |
|
|
$ |
0.25 |
|
|
|
|
|
|
$ |
81,795 |
|
|
|
|
|
|
| Jefferson Street Capital, LLC [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of roll-forward of derivative liability |
| Schedule of roll-forward of derivative liability | |
| | |
| Derivative Liability - Conversion Feature (JSC) | |
Amount |
| Balance - Issuance Date (April 7, 2026) | |
$ | 69,300 | |
| Change in Fair Value - Period (loss) | |
$ | 26,950 | |
| Balance at April 30, 2026 | |
$ | 96,250 | |
|
| Lambda Ventures LLC [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of roll-forward of derivative liability |
| Schedule of roll-forward of derivative liability | |
| | |
| Derivative Liability - Conversion Feature (LV) | |
Amount |
| Balance - Issuance Date (April 9, 2026) | |
$ | 113,986 | |
| Change in Fair Value - Period (gain) | |
$ | (17,736 | ) |
| Balance at April 30, 2026 | |
$ | 96,250 | |
|
| Jefferson Street Capital Warrant [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of assumptions |
| Schedule of assumptions |
|
|
|
|
|
|
|
|
| Parameter |
|
|
Issuance Date
(April 7,
2026) |
|
|
|
April 30,
2026
(Informational) |
|
| Stock Price (S) |
|
$ |
0.0946 |
|
|
$ |
0.1040 |
|
| Exercise Price (K) |
|
$ |
0.2500 |
|
|
$ |
0.2500 |
|
| Expected Term (Years) |
|
|
5.00 |
|
|
|
4.94 |
|
| Risk-Free Rate |
|
|
3.95 |
% |
|
|
4.02 |
% |
| Expected Volatility (σ) |
|
|
257.85 |
% |
|
|
308.30 |
% |
| Expected Dividend Yield |
|
|
0.00 |
% |
|
|
0.00 |
% |
| d₁ |
|
|
2.7486 |
|
|
|
3.3271 |
|
| d₂ |
|
|
(3.0171) |
|
|
|
(3.5252) |
|
| N(d₁) |
|
|
0.9970 |
|
|
|
0.9996 |
|
| N(d₂) |
|
|
0.0013 |
|
|
|
0.0002 |
|
| Fair Value Per Share |
|
$ |
0.0941 |
|
|
$ |
0.1039 |
|
| Total Warrant Fair Value |
|
$ |
36,211 |
|
|
$ |
40,006 |
|
The change in the fair value of the JSC Warrant
from the issuance date to April 30, 2026 was $3,795. As the warrant is equity-classified, this change is not recognized in the Statements
of Operations.
Lambda
Ventures Warrant
| Schedule of assumptions |
|
|
|
|
|
|
|
|
| Parameter |
|
|
Issuance Date
(April 9,
2026) |
|
|
|
April 30,
2026
(Informational) |
|
| Stock Price (S) |
|
$ |
0.1190 |
|
|
$ |
0.1040 |
|
| Exercise Price (K) |
|
$ |
0.2500 |
|
|
$ |
0.2500 |
|
| Expected Term (Years) |
|
|
5.00 |
|
|
|
4.94 |
|
| Risk-Free Rate |
|
|
3.91 |
% |
|
|
4.02 |
% |
| Expected Volatility (σ) |
|
|
258.54 |
% |
|
|
308.30 |
% |
| Expected Dividend Yield |
|
|
0.00 |
% |
|
|
0.00 |
% |
| d₁ |
|
|
2.7960 |
|
|
|
3.3271 |
|
| d₂ |
|
|
(2.9852) |
|
|
|
(3.5252) |
|
| N(d₁) |
|
|
0.9974 |
|
|
|
0.9996 |
|
| N(d₂) |
|
|
0.0014 |
|
|
|
0.0002 |
|
| Fair Value Per Share |
|
$ |
0.1184 |
|
|
$ |
0.1039 |
|
| Total Warrant Fair Value |
|
$ |
45,584 |
|
|
$ |
40,006 |
|
|
| Lambda Ventures Warrant [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of assumptions |
| Schedule of assumptions |
|
|
|
|
|
|
|
|
| Parameter |
|
|
Issuance Date
(April 9,
2026) |
|
|
|
April 30,
2026
(Informational) |
|
| Stock Price (S) |
|
$ |
0.1190 |
|
|
$ |
0.1040 |
|
| Exercise Price (K) |
|
$ |
0.2500 |
|
|
$ |
0.2500 |
|
| Expected Term (Years) |
|
|
5.00 |
|
|
|
4.94 |
|
| Risk-Free Rate |
|
|
3.91 |
% |
|
|
4.02 |
% |
| Expected Volatility (σ) |
|
|
258.54 |
% |
|
|
308.30 |
% |
| Expected Dividend Yield |
|
|
0.00 |
% |
|
|
0.00 |
% |
| d₁ |
|
|
2.7960 |
|
|
|
3.3271 |
|
| d₂ |
|
|
(2.9852) |
|
|
|
(3.5252) |
|
| N(d₁) |
|
|
0.9974 |
|
|
|
0.9996 |
|
| N(d₂) |
|
|
0.0014 |
|
|
|
0.0002 |
|
| Fair Value Per Share |
|
$ |
0.1184 |
|
|
$ |
0.1039 |
|
| Total Warrant Fair Value |
|
$ |
45,584 |
|
|
$ |
40,006 |
|
|