SUBSEQUENT EVENTS |
9 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 10 – SUBSEQUENT EVENTS
Subsequent events have been evaluated through September 17, 2026, which represents the date the financial statements were issued, and no events other than discussed below have occurred through that date that would impact the financial statements.
Stock Issued On August 20, 2026, the Company issued shares of common stock upon partial conversion of the convertible promissory note issued to Monroe Street Capital Partners, LP on May 5, 2026, at a conversion price of $0.0246 per share, in settlement of $12,250, consisting of $10,500 of principal and $1,750 of fees. On August 27, 2026, the Company issued shares of common stock upon partial conversion of the convertible promissory note issued to Lambda Ventures, LLC on April 9, 2026, at a conversion price of $0.0210 per share, in settlement of $8,450, consisting of $6,700 of accrued interest and $1,750 of fees. On September 16, 2026, the Company issued shares of common stock upon partial conversion of the convertible promissory note issued to Lambda Ventures, LLC on April 9, 2026, at a conversion price of $0.0105 per share, in settlement of $7,750, consisting of $5,000 of principal, $1,000 of accrued interest and $1,750 of fees. Note Issued On September 4, 2026, the Company entered into a Securities Purchase Agreement with CFI Capital LLC, pursuant to which the Company issued a 6% convertible redeemable note in the principal amount of $210,000, with an original issue discount of $21,000, resulting in a purchase price of $189,000. The note matures on September 4, 2027 and bears interest at 6% per annum, payable in shares of common stock. Beginning six months after issuance, the holder may convert the outstanding principal and accrued interest into shares of common stock at a conversion price equal to 60% of the lowest trading price of the Company's common stock during the 20 trading days prior to conversion, subject to adjustment. The note may be prepaid within 180 days of issuance at 105% to 140% of the outstanding principal plus accrued interest, depending on the date of prepayment. The Company reserved shares of common stock for conversions under the note. Lease Termination On September 15, 2026, the Company and Clay Road Real Estate, LLC entered into a Lease Termination and Mutual Release Agreement with respect to the Company's April 2024 lease of an industrial facility in Katy, Texas. The facility contemplated by the lease was never constructed, the premises were never delivered to the Company, the lease term never commenced, and the Company never took possession of or occupied the premises. Under the agreement, the lease was terminated in its entirety, the parties granted each other a mutual release of all claims arising under or relating to the lease, any guaranty of the lease was terminated and released, and the parties confirmed that no rent, security deposit, construction or build-out costs, or any other amounts are or will become due from either party. Because no right-of-use asset or lease liability had been recorded and no amounts had been paid under the lease, the termination did not result in any gain, loss or other charge to the Company's financial statements.
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