v3.26.1
Contract Liabilities
6 Months Ended
Apr. 30, 2026
Contract Liabilities [Abstract]  
CONTRACT LIABILITIES

NOTE 12 — CONTRACT LIABILITIES

 

For service contracts where the performance obligation is not completed, contract liabilities were recorded for any payments received in advance of the performance obligation. The payments received in advance will not be refunded and will be amortized in future when met performance obligations.

 

As of April 30, 2026 and October 31, 2025, contract liabilities is comprised of the following:

 

  

April 30,

2026

  

October 31,

2025

 
Unearned franchise fee   194,968    194,753 
Customer advance for beauty products   
    
 
Total   194,968    194,753 

 

The unearned franchise fee of $194,968 is to be recognized to revenue within one year from April 30, 2026.

As of April 30, 2026 and October 31, 2025, unearned franchise fee comprised of the following:

 

  

April 30,

2026

  

October 31,

2025

 
Yan Tianxiang   2,448    
 
Song Mingfang   13,463    
 
Yu Yang   20,527    58,015 
Sheng Xidong   2,448    
 
Zhou Guixiang   14,747    
 
 
Wang Jia   2,448    
 
Ge Xiaoqing   20,526    
 
Meng Hao   6,882    
 
Wang Hongli   
    2,850 
Zhang Ying   
    2,964 
Sun Zhongyao   2,448    
 
Sun Xuqiang   15,911    
 
Zheng Tinghai   5,498    12,242 
Zhu Hongjun   12,360    
 
Tang Sumei   
    26,947 
Jin Huazhong   
    34,935 
Shen Huaimei   61,799    56,800 
Wang Jingfeng   13,463    
 
Total   194,968    194,753