v3.26.3
LEASE OBLIGATIONS (Tables)
 9 Months Ended
Jul. 31, 2026
Lease Obligations  
SCHEDULE OF BALANCE SHEET RELATED TO LEASES

The following table shows the classification and location of the Company’s leases in the Consolidated Balance Sheets:

 

Leases  Balance Sheet Location  July 31, 2026   October 31, 2025 
Assets             
Noncurrent:             
Operating  Right-of-use asset – operating lease  $259,914   $360,681 
Total Lease Assets     $259,914   $360,681 
              
Liabilities             
Current:             
Operating  Operating lease liabilities  $89,173   $136,813 
Finance  Finance lease liabilities   -    5,043 
Noncurrent:             
Operating  Operating lease liabilities   170,741    223,868 
Total Lease Liabilities     $259,914   $365,724 
SCHEDULE OF OPERATIONS RELATED TO LEASES

The following table shows the classification and location of the Company’s lease costs in the Consolidated Statements of Operations:

 

   Location  2026   2025 
   Statements of Operations  Nine Months Ended July 31, 
   Location  2026   2025 
Operating lease expense  General and administrative expense  $124,754   $164,649 
Finance lease expense:             
Interest on lease liability  Interest expense   107    609 
Total Lease expense     $124,861   $165,258 
SCHEDULE OF MINIMUM CONTRACTUAL OBLIGATIONS OF LEASES

Minimum contractual obligations for the Company’s leases (undiscounted) as of July 31, 2026 were as follows:

 

   Operating 
Fiscal year 2026 (three months remaining)  $42,244 
Fiscal year 2027   84,609 
Fiscal year 2028   67,734 
Fiscal year 2029   67,734 
Thereafter   45,156 
Total Lease Payments  $307,477 
Less Imputed interest   (47,563)
Total lease liability  $259,914 
SCHEDULE OF OTHER INFORMATION RELATED TO LEASES

The following table shows the weighted average remaining lease term and the weighted average discount rate for the Company’s leases as of the dates indicated:

 

   July 31, 2026   October 31, 2025 
    Operating Leases      Finance Leases      Operating Leases    Finance Leases   
Weighted-average remaining lease term (in years)   2.0    0.0    3.9    0.54 
Weighted-average discount rate (1)   10.00%   N/A    10.00%   6.69%

 

  (1) The discount rate used for the operating lease is based on the Company’s incremental borrowing rate at lease commencement and may be adjusted if modification to lease terms or lease reassessments occur. The discount rate used for finance leases is based on the rates implicit in the leases.
SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

The following table includes other quantitative information for the Company’s leases for the periods indicated:

 

   2026   2025 
   Nine months Ended July 31, 
   2026   2025 
Cash paid for amounts included in measurement of lease liabilities:        
Cash payments for operating leases  $124,514   $122,490 
Cash payments for finance leases  $5,043   $10,028