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Consolidated Balance Sheet - USD ($)
Oct. 31, 2021
Oct. 31, 2020
CURRENT ASSETS:    
Cash $ 7,760,228 $ 7,421,701
Restricted cash 65,007
Accounts receivable 1,985,186 1,401,562
Accounts receivable – related parties 15,360
Inventory deposit – related party 2,925,000
Inventories 15,326,370 6,383
Prepaid expenses 319,531
Income tax receivable 1,753,594
Total current assets 30,134,916 8,845,006
 Right of use asset- operating lease 55,604 70,133
TOTAL ASSETS 30,190,520 8,915,139
CURRENT LIABILITIES:    
 Accounts payable 242,829
 Accounts payable- related party 12,667,769 1,409,561
Accrued expenses 579,604 1,062,105
Income tax accrual 1,331,856
Deferred revenue 623,096
Operating lease obligation, short term 13,020 11,709
Customer refund due 316,800
Total current liabilities 13,820,022 4,438,327
 LONG TERM LIABILITIES    
Operating lease obligation, net of current portion 46,185 59,204
TOTAL LIABILITIES 13,866,207 4,497,531
STOCKHOLDERS’ EQUITY:    
Preferred stock 5,000,000 shares authorized; Series A Convertible Preferred stock ($0.001 par value, 3,000,000 shares authorized , 3,000,000 shares issued and outstanding as of October 31, 2021 and October 31, 2020, respectively) 3,000 3,000
Common stock ($0.001 par value, 1,000,000,000 shares authorized, 30,195,312 and 23,106,886 issued and outstanding as of October 31, 2021 and October 31, 2020, respectively) 30,195 23,107
Additional paid-in capital 21,551,959 618,904
Retained earnings (accumulated deficit) (5,260,841) 3,772,597
Total Stockholders’ Equity 16,324,313 4,417,608
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY $ 30,190,520 $ 8,915,139