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Consolidated Balance Sheets - USD ($)
Oct. 31, 2022
Oct. 31, 2021
CURRENT ASSETS:    
Cash $ 3,685,893 $ 7,760,228
Restricted cash 65,007
Accounts receivable 574,606 1,985,186
Other receivable – related parties – short term 1,539,486
Inventory deposit – related party 2,925,000
Inventories 1,239,725 15,326,370
Prepaid expenses 426,407 319,531
Income tax receivable 1,607,302 1,753,594
Total current assets 9,073,419 30,134,916
 Other receivable – related party – net of current portion 2,164,646
 Right of use asset- operating lease 1,198,969 55,604
TOTAL ASSETS 12,437,034 30,190,520
CURRENT LIABILITIES:    
 Accounts payable 40,023 242,829
 Accounts payable- related party 12,667,769
Accrued expenses 1,099,157 579,604
Customer deposits 44,973
Deferred revenue 235,274
Operating lease obligation, short term 166,051 13,020
Customer refund due 316,800
Total current liabilities 1,585,478 13,820,022
 LONG TERM LIABILITIES    
Operating lease obligation, net of current portion 1,050,776 46,185
TOTAL LIABILITIES 2,636,254 13,866,207
STOCKHOLDERS’ EQUITY:    
Preferred stock 5,000,000 shares authorized; Series A Convertible Preferred stock ($0.001 par value, 3,000,000 shares authorized, 0 and 3,000,000 shares issued and outstanding as of October 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 October 31, 2022, and October 31, 2021, respectively) 56,169 30,195
Additional paid-in capital 29,375,787 21,551,959
Accumulated deficit (19,631,176) (5,260,841)
Total Stockholders’ Equity 9,800,780 16,324,313
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY $ 12,437,034 $ 30,190,520