| PREPAYMENT, NET |
Prepayment as of April 30,
2026 and October 31, 2025 are as follows:
| | |
April 30, 2026 | | |
October 31,
2025 | |
| Prepayment | |
$ | 5,674,377 | | |
$ | 88,116 | |
| Less: Allowance for bad debt | |
| (91,854 | ) | |
| (88,116 | ) |
| Totals | |
$ | 5,582,523 | | |
$ | — | |
The following table sets
forth the movement of allowance for prepayment:
| | |
April 30, 2026 | | |
October 31,
2025 | |
| Balance, at beginning of the period | |
$ | 88,116 | | |
$ | 88,105 | |
| Addition (Reversal) | |
| — | | |
| — | |
| Exchange rate difference | |
| 3,738 | | |
| 11 | |
| Balance, at end of the period | |
$ | 91,854 | | |
$ | 88,116 | |
|
Prepayment
as of October 31, 2025 and 2024 are as follows:
| | |
October 31,
2025 | | |
October 31,
2024 | |
| Prepayment | |
$ | 88,116 | | |
$ | 95,804 | |
| Less: Allowance for bad debt | |
| (88,116 | ) | |
| (88,105 | ) |
| Totals | |
$ | - | | |
$ | 7,699 | |
The
following table sets forth the movement of allowance for prepayment:
| | |
October 31,
2025 | | |
October 31,
2024 | |
| Balance, at beginning of the year | |
$ | 88,105 | | |
$ | 97,691 | |
| Reversal | |
| - | | |
| (12,198 | ) |
| Exchange rate difference | |
| 11 | | |
| 2,612 | |
| Balance, at end of the year | |
$ | 88,116 | | |
$ | 88,105 | |
|