Other Receivables and Other Current Assets

12 Months Ended

Oct. 31, 2023

Other Receivables and Other Current Assets [Abstract]

OTHER RECEIVABLES AND OTHER CURRENT ASSETS

NOTE 7 – OTHER RECEIVABLES AND OTHER CURRENT ASSETS

Other receivables and other current assets comprised of the following:

	October 31,		October 31,
	2023		2022
Deposits put down on the car		790,068		935,573
Excess input VAT credits		30,405		28,242
Cash advance to employee		38,493		35,915
Other receivables		1,275,000		-
Total		2,133,966		999,730

As of October 31, 2023, the balance of other receivables was $1,275,000.

On April 10, 2023, the Company entered into legal service agreement in $215,000 with The Crone Law Group,P.C. (“Crone”). Under the agreement, Crone will represent the Company with respect to pre financing matters and the commencement of financing concerning the investment between the Company and investing entities.

On May 25, 2023 and August 25, 2023, the Company entered into two consulting agreements for a total of $1,060,000 with Topway International Limited (“Topway”), a Hong Kong company. Under the agreements, Topway will assist the Company in certain advisory activities, including but not limited to those in connection with Company’s secondary offerings (non-fundraising), investor communication and capital market opportunities such as introduction to investment banks, strategic investors, investor outreach and other service parties. The Company acknowledges that the Consultant has provided substantial such services since March 2023.