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Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2022
Oct. 31, 2021
CURRENT ASSETS:    
Cash $ 4,661,495 $ 7,760,228
Restricted Cash 65,542 65,007
Accounts receivable 1,175,583 1,985,186
Inventory deposit – related party 2,925,000
Inventories 9,214,320 15,326,370
Prepaid expenses 375,891 319,531
Income tax receivable 1,753,594 1,753,594
Total current assets 17,246,425 30,134,916
Right of use asset- operating lease 48,299 55,604
TOTAL ASSETS 17,294,724 30,190,520
CURRENT LIABILITIES:    
Accounts payable 224,774 242,829
Accounts payable- related party 3,394,759 12,667,769
Accrued expenses 467,079 579,604
Operating lease obligation – short term 13,680 13,020
Customer refund due 2,382 316,800
Total current liabilities 4,102,674 13,820,022
LONG TERM LIABILITIES    
Operating lease obligation, net of current portion 39,180 46,185
TOTAL LIABILITIES 4,141,854 13,866,207
STOCKHOLDERS’ EQUITY:    
Preferred stock 5,000,000 shares authorized; Series A Convertible Preferred stock ($.001 par value, 3,000,000 shares authorized, 3,000,000 issued and outstanding as of April 30, 2022 and October 31, 2021) 3,000 3,000
Common stock ($0.001 par value, 1,000,000,000 shares authorized, 31,166,090 and 30,195,312 issued and outstanding as of April 30, 2022 and October 31, 2021, respectively) 31,166 30,195
Additional paid-in capital 26,173,669 21,551,959
Accumulated deficit (13,054,965) (5,260,841)
Total Stockholders’ Equity 13,152,870 16,324,313
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY $ 17,294,724 $ 30,190,520