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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (9,033,438) $ 3,845,822
Adjustment to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Stock based compensation 9,449,421 769,437
Stock option expense 1,773,947
ROU operating lease expense 14,529 3,616
Expenses contributed to capital 27,157
(Changes in current assets and liabilities:    
Accounts receivable (583,624) (1,401,562)
Accounts receivable – related parties 15,360 (15,360)
Prepaid expenses (319,531)
Inventory (15,319,987) (6,383)
Inventory deposit – related party (2,925,000)
Income tax receivable (1,753,594)
Accounts payable 242,829
Accounts payable – related party 11,258,208 1,409,561
Accrued expenses (482,501) 1,017,219
Deferred revenue (623,096) 623,096
Income tax accrual (1,331,856) 1,331,856
Customer refund due 316,800
Payments on operating lease obligation (11,708) (2,836)
Net cash (used in) provided by operating activities (9,313,241) 7,601,623
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common stock issued for cash, net of financing cost 8,305,772
Proceeds from the exercise of warrants 1,665,113
Settled RSU shares with cash (254,110) (179,922)
Net cash provided by (used in) financing activities 9,716,775 (179,922)
Net change in cash and restricted cash 403,534 7,421,701
Beginning cash and restricted cash balance 7,421,701
Ending cash and restricted cash balance 7,825,235 7,421,701
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid
Income taxes paid 1,637,102 182,925
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial Recognition of ROU Asset and Liability 73,749
Conversion of common shares into Series A Preferred $ 3,000