LONG-TERM BUSINESS LOAN |
9 Months Ended |
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Jul. 31, 2026 | |
| Debt Disclosure [Abstract] | |
| LONG-TERM BUSINESS LOAN | NOTE 13 – LONG-TERM BUSINESS LOAN
The Company has a $70,000 long-term business loan bearing interest at a rate of 15% per annum following an initial three-month interest-free period.
In November 2025, the loan agreement was amended to defer the first annual interest payment until November 13, 2026, with interest continuing to accrue during the deferral period.
As of July 31, 2026, the outstanding principal balance was $70,000, and accrued interest payable was $15,750.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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