| Schedule of Prepayments and Other Assets |
Prepayments and other assets consisted of the
following:
| | |
April 30, 2026 | | |
October 31,
2025 | |
| | |
| | |
| |
| Prepayments for fuel and other costs | |
$ | 6,821,869 | | |
$ | 8,125,053 | |
| Prepaid keyman insurance* | |
| 1,119,556 | | |
| 1,108,848 | |
| Others | |
| 161,808 | | |
| 77,875 | |
| Total | |
$ | 8,103,233 | | |
$ | 9,311,776 | |
| Including: | |
| | | |
| | |
| Prepayments, prepaid expense and other current assets | |
$ | 7,263,566 | | |
$ | 8,481,387 | |
| Prepayments, prepaid expenses and other non-current assets | |
$ | 839,667 | | |
$ | 830,389 | |
| * | On February 14, 2020, the Company purchased a keyman insurance policy for its principal shareholder at a cost of $916,923. As of April 30, 2026, the surrender value was $831,506. On September 25, 2025, the Company purchased a new keyman insurance for its management at a cost of $367,729. As of April 30, 2026, the surrender value was $288,050. |
|