INCOME TAXES (Tables)
|
8 Months Ended |
Jun. 30, 2026 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of provision for income tax |
| Schedule of provision for income tax |
|
|
|
|
|
|
|
|
|
|
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| |
|
Eight Months Ended
June 30, |
|
|
Years Ended
October 31, |
|
| |
|
2026 |
|
|
2025 |
|
|
2024 |
|
| Current: |
|
|
|
|
|
|
|
|
|
|
|
|
| Federal |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| State |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Current Income Tax Expense (Benefit) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Deferred: |
|
|
|
|
|
|
|
|
|
|
|
|
| Federal |
|
$ |
(206,000 |
) |
|
$ |
(312,000 |
) |
|
$ |
(207,000 |
) |
| State |
|
|
(37,000 |
) |
|
|
(37,000 |
) |
|
|
(10,000 |
) |
| Deferred Income Tax Expense (Benefit) |
|
|
(243,000 |
) |
|
|
(349,000 |
) |
|
|
(217,000 |
) |
| Change in Valuation Allowance |
|
|
243,000 |
|
|
|
349,000 |
|
|
|
217,000 |
|
| Income tax provision |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of effective income tax rate |
| Schedule of effective income tax rate |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Eight Months Ended
June 30, |
|
|
Years Ended
October 31, |
|
| |
|
2026 |
|
|
2025 |
|
|
2024 |
|
| Tax at federal statutory rate |
|
$ |
(1,115,000 |
) |
|
$ |
(1,113,000 |
) |
|
$ |
(989,000 |
) |
| State taxes, net of federal benefit |
|
|
(265,000 |
) |
|
|
(265,000 |
) |
|
|
(61,000 |
) |
| Permanent differences |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Stock-based compensation |
|
|
1,341,000 |
|
|
|
1,198,000 |
|
|
|
1,002,000 |
|
| Other |
|
|
(204,000 |
) |
|
|
(169,000 |
) |
|
|
(169,000 |
) |
| Total income tax expense (benefit) |
|
|
(243,000 |
) |
|
|
(349,000 |
) |
|
|
(217,000 |
) |
| Change in valuation allowance |
|
|
243,000 |
|
|
|
349,000 |
|
|
|
217,000 |
|
| Income tax provision |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of deferred tax assets and liabilities |
| Schedule of deferred tax assets and liabilities |
|
|
|
|
|
|
|
|
| |
|
June 30,
2026 |
|
|
October 31,
2025 |
|
| Deferred Tax Assets: |
|
|
|
|
|
|
|
|
| Stock based compensation |
|
$ |
9,044,000 |
|
|
$ |
6,491,000 |
|
| Net operating loss carryforward-Federal |
|
|
4,506,000 |
|
|
|
4,485,000 |
|
| Net operating loss carryforward-State |
|
|
582,000 |
|
|
|
1,065,000 |
|
| Other |
|
|
- |
|
|
|
- |
|
| Total deferred tax assets: |
|
|
14,132,000 |
|
|
|
12,041,000 |
|
| Deferred Tax Liabilities: |
|
|
|
|
|
|
|
|
| Property and equipment |
|
|
165,000 |
|
|
|
144,000 |
|
| Total deferred tax liabilities: |
|
|
165,000 |
|
|
|
144,000 |
|
| |
|
|
|
|
|
|
|
|
| Valuation Allowance |
|
|
(13,967,000 |
) |
|
|
(11,897,000 |
) |
| Net deferred tax assets |
|
$ |
- |
|
|
$ |
- |
|
|