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Consolidated Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2022
Oct. 31, 2021
CURRENT ASSETS:    
Cash $ 3,358,124 $ 7,760,228
Restricted Cash 0 65,007
Accounts receivable 1,448,298 1,985,186
Inventory deposit – related party 2,925,000
Inventories 5,849,310 15,326,370
Prepaid expenses 463,304 319,531
Income tax receivable 1,753,594 1,753,594
Total current assets 12,872,630 30,134,916
Right of use asset- operating lease 1,245,474 55,604
TOTAL ASSETS 14,118,104 30,190,520
CURRENT LIABILITIES:    
Accounts payable 153,322 242,829
Accounts payable- related party 790,242 12,667,769
Accrued expenses 544,748 579,604
Customer deposits 143,620
Operating lease obligation – short term 161,550 13,020
Customer refund due 316,800
Total current liabilities 1,793,482 13,820,022
LONG TERM LIABILITIES    
Operating lease obligation, net of current portion 1,094,622 46,185
TOTAL LIABILITIES 2,888,104 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, 0 and 3,000,000 issued and outstanding as of July 31, 2022 and October 31, 2021, respectively) 3,000
Common stock ($0.001 par value, 1,000,000,000 shares authorized, 56,169,090 and 30,195,312 issued and outstanding as of July 31, 2022 and October 31, 2021, respectively) 56,169 30,195
Additional paid-in capital 28,085,787 21,551,959
Accumulated deficit (16,911,956) (5,260,841)
Total Stockholders’ Equity 11,230,000 16,324,313
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY $ 14,118,104 $ 30,190,520