| Schedule of Reportable Segments |
Summarized financial information
for the two reportable segments is as follows:
| | |
Six Months Ended April 30, 2026 | |
| | |
Product Sales | | |
Franchise fees | | |
Consolidated | |
| Revenues, net | |
| 716,105 | | |
| 541,584 | | |
| 1,257,689 | |
| Cost of revenues | |
| 44,704 | | |
| 1,015 | | |
| 45,719 | |
| Gross profit | |
| 671,401 | | |
| 540,569 | | |
| 1,211,970 | |
| Depreciation and amortization | |
| 94,757 | | |
| 525 | | |
| 95,282 | |
| Other expense (income), net | |
| 1,230,575 | | |
| 815,615 | | |
| 2,046,190 | |
| Income tax expenses (benefits) | |
| 222 | | |
| (11,442 | ) | |
| (11,220 | ) |
| Net (Loss) Income | |
| (654,153 | ) | |
| (264,129 | ) | |
| (918,282 | ) |
| | |
Six Months Ended April 30, 2025 | |
| | |
Product Sales | | |
Franchise fees | | |
Consolidated | |
| Revenues, net | |
| 404,438 | | |
| 834,759 | | |
| 1,239,197 | |
| Cost of revenues | |
| 47,882 | | |
| 10,618 | | |
| 58,500 | |
| Gross profit | |
| 356,556 | | |
| 824,141 | | |
| 1,180,697 | |
| Depreciation and amortization | |
| 15,508 | | |
| | | |
| 15,508 | |
| Other expense (income), net | |
| 7,112,270 | | |
| 13,709,967 | | |
| 20,822,237 | |
| Income tax expenses (benefits) | |
| 1,262 | | |
| 177,684 | | |
| 178,946 | |
| Net (Loss) Income | |
| (6,772,484 | ) | |
| (13,063,510 | ) | |
| (19,835,994 | ) |
|
| Schedule of Sales Revenues |
Sales revenues comprised of
the following:
| | |
Six Months Ended | |
| | |
April 30, 2026 | | |
April 30, 2025 | |
| Products sales – Non-franchisees | |
| 600,022 | | |
| 48 | % | |
| 208,701 | | |
| 17 | % |
| Product Sales – Franchisees | |
| 116,083 | | |
| 9 | % | |
| 195,737 | | |
| 16 | % |
| Franchise fees | |
| 541,584 | | |
| 43 | % | |
| 834,759 | | |
| 67 | % |
| Total | |
| 1,257,689 | | |
| 100 | % | |
| 1,239,197 | | |
| 100 | % |
Direct costs comprised of the
following:
| | |
Six Months Ended | |
| | |
April 30, 2026 | | |
April 30, 2025 | |
| Products sales – Non-franchisees | |
| 28,077 | | |
| 62 | % | |
| 10,316 | | |
| 18 | % |
| Product Sales – Franchisees | |
| 16,627 | | |
| 36 | % | |
| 37,566 | | |
| 64 | % |
| Franchise fees | |
| 1,015 | | |
| 2 | % | |
| 10,618 | | |
| 18 | % |
| Total | |
| 45,719 | | |
| 100 | % | |
| 58,500 | | |
| 100 | % |
Gross profit comprised of the
following:
| | |
Six Months Ended | |
| | |
April 30, 2026 | | |
April 30, 2025 | |
| Products sales – Non-franchisees | |
| 571,945 | | |
| 47 | % | |
| 198,385 | | |
| 17 | % |
| Product Sales – Franchisees | |
| 99,456 | | |
| 8 | % | |
| 158,171 | | |
| 13 | % |
| Franchise fees | |
| 540,569 | | |
| 45 | % | |
| 824,141 | | |
| 70 | % |
| Total | |
| 1,211,970 | | |
| 100 | % | |
| 1,180,697 | | |
| 100 | % |
|