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Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Revenue      
Total revenue $ 185,349,630 $ 121,961,057 $ 78,351,448
Cost of revenues 158,502,351 109,008,853 82,290,135
Gross profit (loss) 26,847,279 12,952,204 (3,938,687)
Operating expenses:      
Selling expenses 16,342 27,452
General and administrative expenses 3,250,019 2,443,537 1,792,779
Total operating expenses 3,266,361 2,470,989 1,792,779
Income (loss) from operations 23,580,918 10,481,215 (5,731,466)
Other income (expense), net:      
Interest income 18 5 7,607
Interest expense (101,877) (122,392) (60,256)
Other income (expense), net 129,098 (100,093) 25,486
Total other income (expense), net 27,239 (222,480) (27,163)
Income (loss) before income taxes 23,608,157 10,258,735 (5,758,629)
Provision for income taxes 11,243 2,113 2,357
Net income (loss) 23,596,914 10,256,622 (5,760,986)
Less: Net income (loss) attributable to non-controlling interests 11,364,098 4,946,114 (2,592,023)
Net income (loss) attributable to the Company 12,232,816 5,310,508 (3,168,963)
Comprehensive income (loss) 23,596,914 10,256,622 (5,760,986)
Less: Comprehensive income (loss) attributable to non-controlling interests 11,364,098 4,946,114 (2,592,023)
Comprehensive income (loss) attributable to the Company $ 12,232,816 $ 5,310,508 $ (3,168,963)
Earnings (losses) Per share attributable to the Company - Basic (in Dollars per share) [1] $ 0.24 $ 0.11 $ (0.06)
Weighted Average Shares Outstanding – Basic (in Shares) [1] 50,000,000 50,000,000 50,000,000
Ocean freight revenue      
Revenue      
Total revenue $ 178,126,765 $ 110,113,752 $ 77,301,897
Vessel service revenue      
Revenue      
Total revenue $ 7,222,865 $ 11,847,305 $ 1,049,551
[1] Shares and per share data are presented on a retroactive basis to give effect to the reverse recapitalization