CONVERTIBLE NOTES PAYABLE (Tables)
|
9 Months Ended |
Jul. 31, 2026 |
|---|
| Debt Instrument [Line Items] |
|
| Schedule of convertible notes payable outstanding |
| Schedule of convertible notes payable outstanding |
|
|
|
|
|
| |
JSC Note |
LV April Note |
MSC Note |
LV May Note |
Total |
| Principal amount |
$96,250 |
$96,250 |
$67,500 |
$67,500 |
$327,500 |
| Add: Guaranteed interest payable |
7,700 |
7,700 |
5,400 |
5,400 |
26,200 |
| Gross note balance |
103,950 |
103,950 |
72,900 |
72,900 |
353,700 |
| Less: Original issue discount |
(5,993) |
(6,041) |
(3,808) |
(3,809) |
(19,651) |
| Less: Guaranteed interest cost |
(5,274) |
(5,316) |
(4,113) |
(4,113) |
(18,816) |
| Less: Warrant discount (ASC 470-20) |
(24,802) |
(31,472) |
(30,649) |
(30,648) |
(117,571) |
| Less: Derivative discount |
(31,534) |
(25,314) |
(13,241) |
(5,625) |
(75,714) |
| Less: Debt issue costs |
(3,596) |
(3,625) |
(3,713) |
(11,329) |
(22,263) |
| Net carrying value |
$32,751 |
$32,182 |
$17,376 |
$17,376 |
$99,685 |
|
| Schedule of assumptions |
| Schedule of assumptions |
|
|
| Parameter |
Issuance (May 5, 2026) |
July 31, 2026 (Informational) |
| Stock Price (S) |
$0.1046 |
$0.0900 |
| Exercise Price (K) |
$0.2500 |
$0.2500 |
| Expected Term (Years) |
5.00 |
4.76 |
| Risk-Free Rate |
4.08% |
4.45% |
| Expected Volatility (σ) |
308.67% |
435.78% |
| Expected Dividend Yield |
0.00% |
0.00% |
| d₁ |
3.3544 |
4.6686 |
| d₂ |
(3.5477) |
(4.8390) |
| N(d₁) |
0.9996 |
1.0000 |
| N(d₂) |
0.0002 |
0.0000 |
| Fair Value Per Share |
$0.1045 |
$0.0900 |
| Total Warrant Fair Value |
$40,240 |
$34,650 |
|
| Schedule of loss on fair value of convertible note |
| Schedule of loss on fair value of convertible note |
|
|
|
| |
MSC Note |
LV May Note |
Total |
| Note Face Value |
$67,500 |
$67,500 |
$135,000 |
| Guaranteed Interest |
5,400 |
5,400 |
10,800 |
| Gross Note Balance |
72,900 |
72,900 |
145,800 |
| (a) Original Issue Discount (OID) |
(5,000) |
(5,000) |
(10,000) |
| (b) Guaranteed Interest Charge |
(5,400) |
(5,400) |
(10,800) |
| (c) Warrant Fair Value (Black-Scholes) |
(40,239) |
(40,240) |
(80,479) |
| (d) Debt Issue Costs |
(4,875) |
(14,875) |
(19,750) |
| Remaining capacity for derivative discount |
17,386 |
7,385 |
24,771 |
| Derivative Liability — Intrinsic Value at Issuance |
84,000 |
84,000 |
168,000 |
| Less: Derivative discount recorded (capped) |
(17,386) |
(7,385) |
(24,771) |
| Day-one loss on issuance of note |
$66,614 |
$76,615 |
$143,229 |
|
| Schedule of common stock purchase warrants outstanding |
| Schedule of common stock purchase warrants outstanding |
|
|
|
|
|
| Holder |
Issue Date |
Shares |
Exercise Price |
Expiration |
Grant-Date FV |
| Jefferson Street Capital, LLC |
Apr 7, 2026 |
385,000 |
$0.25 |
Apr 7, 2031 |
$36,211 |
| Lambda Ventures, LLC |
Apr 9, 2026 |
385,000 |
$0.25 |
Apr 9, 2031 |
$45,584 |
| Monroe Street Capital Partners, LP |
May 5, 2026 |
385,000 |
$0.25 |
May 5, 2031 |
$40,240 |
| Lambda Ventures, LLC |
May 5, 2026 |
385,000 |
$0.25 |
May 5, 2031 |
$40,240 |
| Total |
|
1,540,000 |
$0.25 |
|
$162,275 |
|
| Derivative Liabilities [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule of roll-forward of derivative liability |
| Schedule of roll-forward of derivative liability |
|
| Derivative Liability — Conversion Features |
Amount |
| Balance — April 30, 2026 |
$236,989 |
| Initial recognition — notes issued May 5, 2026 |
168,000 |
| Change in fair value — loss |
45,175 |
| Balance — July 31, 2026 |
$450,164 |
|
| JSC Note [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule of roll-forward of derivative liability |
| Schedule of roll-forward of derivative liability |
|
| Derivative Liability — Conversion Feature |
Amount |
| Balance — April 30, 2026 |
$118,494 |
| Change in fair value — loss |
13,806 |
| Balance — July 31, 2026 |
$132,300 |
|
| LV April Note [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule of roll-forward of derivative liability |
| Schedule of roll-forward of derivative liability |
|
| Derivative Liability — Conversion Feature |
Amount |
| Balance — April 30, 2026 |
$118,494 |
| Change in fair value — loss |
13,806 |
| Balance — July 31, 2026 |
$132,300 |
|
| MSC Note [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule of roll-forward of derivative liability |
| Schedule of roll-forward of derivative liability |
|
| Derivative Liability — Conversion Feature |
Amount |
| Initial recognition — May 5, 2026 (issuance) |
$84,000 |
| Change in fair value — loss |
8,782 |
| Balance — July 31, 2026 |
$92,782 |
|
| LV May Note [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule of roll-forward of derivative liability |
| Schedule of roll-forward of derivative liability |
|
| Derivative Liability — Conversion Feature |
Amount |
| Initial recognition — May 5, 2026 (issuance) |
$84,000 |
| Change in fair value — loss |
8,782 |
| Balance — July 31, 2026 |
$92,782 |
|
| Jefferson Street Capital Warrant [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule of assumptions |
| Schedule of assumptions |
|
|
| Parameter |
Issuance (April 7, 2026) |
July 31, 2026 (Informational) |
| Stock Price (S) |
$0.0946 |
$0.0900 |
| Exercise Price (K) |
$0.2500 |
$0.2500 |
| Expected Term (Years) |
5.00 |
4.68 |
| Risk-Free Rate |
3.95% |
4.45% |
| Expected Volatility (σ) |
257.85% |
435.78% |
| Expected Dividend Yield |
0.00% |
0.00% |
| d₁ |
2.7486 |
4.6274 |
| d₂ |
(3.0171) |
(4.8000) |
| N(d₁) |
0.9970 |
1.0000 |
| N(d₂) |
0.0013 |
0.0000 |
| Fair Value Per Share |
$0.0941 |
$0.0900 |
| Total Warrant Fair Value |
$36,211 |
$34,650 |
|
| Lambda Ventures Warrant [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule of assumptions |
| Schedule of assumptions |
|
|
| Parameter |
Issuance (April 9, 2026) |
July 31, 2026 (Informational) |
| Stock Price (S) |
$0.1190 |
$0.0900 |
| Exercise Price (K) |
$0.2500 |
$0.2500 |
| Expected Term (Years) |
5.00 |
4.69 |
| Risk-Free Rate |
3.91% |
4.45% |
| Expected Volatility (σ) |
258.54% |
435.78% |
| Expected Dividend Yield |
0.00% |
0.00% |
| d₁ |
2.7960 |
4.6326 |
| d₂ |
(2.9852) |
(4.8049) |
| N(d₁) |
0.9974 |
1.0000 |
| N(d₂) |
0.0014 |
0.0000 |
| Fair Value Per Share |
$0.1184 |
$0.0900 |
| Total Warrant Fair Value |
$45,584 |
$34,650 |
|
| Lambda Ventures Warrant 1 [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule of assumptions |
| Schedule of assumptions |
|
|
| Parameter |
Issuance (May 5, 2026) |
July 31, 2026 (Informational) |
| Stock Price (S) |
$0.1046 |
$0.0900 |
| Exercise Price (K) |
$0.2500 |
$0.2500 |
| Expected Term (Years) |
5.00 |
4.76 |
| Risk-Free Rate |
4.08% |
4.45% |
| Expected Volatility (σ) |
308.67% |
435.78% |
| Expected Dividend Yield |
0.00% |
0.00% |
| d₁ |
3.3544 |
4.6686 |
| d₂ |
(3.5477) |
(4.8390) |
| N(d₁) |
0.9996 |
1.0000 |
| N(d₂) |
0.0002 |
0.0000 |
| Fair Value Per Share |
$0.1045 |
$0.0900 |
| Total Warrant Fair Value |
$40,240 |
$34,650 |
|