v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2026
Oct. 31, 2025
Current Assets:    
Cash and cash equivalents $ 17,346,121 $ 10,140,032
Accounts receivable 6,543,735 8,651,612
Prepayments, prepaid expenses and other current assets 7,263,566 8,481,387
Deferred compensation expense 1,172,600 1,587,603
Total Current Assets 32,372,195 30,289,442
Property and equipment, net 3,993 4,767
Prepayments, prepaid expenses and other non-current assets 839,667 830,389
Deferred compensation expense- non-current 544,176 1,130,476
Operating lease right-of-use assets, net 67,115 104,129
Total Assets 33,827,146 32,359,203
Current Liabilities:    
Accounts payable 1,262,074 1,106,686
Advances from customers 8,045,440 7,427,910
Accrued expenses and other liabilities 10,054,288 11,018,723
Operating lease liability-current 67,115 77,596
Taxes payable 9,075 9,213
Total Current Liabilities 22,115,133 19,731,187
Operating lease liability-noncurrent 26,533
Total Liabilities 22,115,133 19,757,720
COMMITMENTS AND CONTINGENCIES (Note 12)
Equity:    
Additional paid-in capital 61,911,764 59,279,198
Accumulated deficit (55,970,549) (51,419,154)
Total Shareholders’ Equity 5,958,105 7,876,877
Non-controlling interest 5,753,908 4,724,606
Total Equity 11,712,013 12,601,483
Total Liabilities and Equity 33,827,146 32,359,203
Related Party    
Current Assets:    
Due from related parties 46,173 1,428,808
Current Liabilities:    
Due to related parties 2,677,141 91,059
Class A Ordinary Shares    
Equity:    
Ordinary Shares value [1] 16,640 16,583
Class B Ordinary Shares    
Equity:    
Ordinary Shares value $ 250 $ 250
[1] excluding the Pre-delivery shares of 630,000 Class A Ordinary Shares, effectively returned and cancelled on May 4, 2026, pursuant to notice given on April 30, 2026 (Note 7)