INCOME TAXES: (Tables)

12 Months Ended

Oct. 31, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF (BENEFIT) FOR INCOME TAX

The Company’s (benefit) for income taxes in 2023 and 2022 consisted of the following:

	2023			2022
Current
Federal	$	-		$	-
State and local		-			-
		-			-
Deferred
Federal		(223,120	)		(933,489	)
State and local		(45,100	)		(62,304	)
		(268,220	)		(995,793	)
Income tax (benefit)	$	(268,220	)	$	(995,793	)

SCHEDULE OF EFFECTIVE INCOME TAX RATE

A reconciliation of the difference between the expected income tax rate using the statutory U.S. federal tax rate and the Company’s effective tax rate is as follows:

	2023			2022
(Benefit) from for tax at the federal statutory rate	$	(231,797	)	$	(1,175,507	)
Goodwill impairment		-			265,796
Other permanent differences		(51,500	)		135,025
Return to provision		51,500			-
State and local tax, net of federal		(36,423	)		(221,107	)
(Benefit from) income taxes	$	(268,220	)	$	(995,793	)
Effective income tax rate		25	%		18	%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The tax effects of the temporary differences that give rise to the deferred tax assets and liabilities as of October 31, 2023 and 2022 are as follows:

	2023		2022
Deferred tax assets:
Accounts receivable	$	34,539	$	34,547
Unrealized loss		-		173,058
Deferred rent		28,483		15,643
Deferred compensation		28,908		58,355
Net operating loss		1,039,047		547,570
Stock-based compensation		602,107		602,237
Inventory		105,794		107,298
Total deferred tax asset		1,838,878		1,538,708
Deferred tax liabilities:
Intangible assets acquired		70,021		70,021
Unrealized gain		-		-
Buildings, machinery and equipment		427,450		395,500
Total deferred tax liabilities		497,471		465,521
Net deferred tax asset	$	1,341,407	$	1,073,187