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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Revenues        
Revenues, net $ 3,046,657 $ 3,092,366 $ 5,482,492 $ 5,934,356
Revenues – related party 3,628 7,385 6,713 31,150
Royalty revenue 105,572
Excise tax on products (29,983) (39,727) (48,557) (63,599)
Total revenues, net 3,020,302 3,060,024 5,546,220 5,901,907
Cost of revenues        
Cost of revenue – related party 3,145,652 2,627,430 5,131,452 6,112,050
Cost of revenue – other 44,925 93,097
Total cost of revenue 3,145,652 2,672,355 5,131,452 6,205,147
Gross profit (loss) (125,350) 387,669 414,768 (303,240)
Operating expenses        
Advertising and promotion 660,132 761,069 1,249,042 1,353,570
General and administrative expenses 3,176,666 4,644,567 6,134,735 6,143,121
Total operating expenses 3,836,798 5,405,636 7,383,777 7,496,691
Other income        
Interest income 11,952
Total other income 11,952
Loss before income taxes provision (3,962,148) (5,017,967) (6,957,057) (7,799,931)
Provision for income taxes 5,807 5,807
Net loss $ (3,962,148) $ (5,012,160) $ (6,957,057) $ (7,794,124)
Net loss per common share – basic and diluted $ (0.07) $ (0.16) $ (0.12) $ (0.25)
Weighted average number of common shares outstanding – basic and diluted 56,169,090 30,701,393 56,169,090 30,680,701