STOCKHOLDERS’ EQUITY

12 Months Ended

Oct. 31, 2024

Equity [Abstract]

STOCKHOLDERS’ EQUITY

NOTE 11 - STOCKHOLDERS’ EQUITY:

a.

Treasury Stock. The Company utilizes the cost method of accounting for treasury stock. The cost of reissued shares is determined under the last-in, first-out method. The Company did not purchase any shares during the years ended October 31, 2024 and 2023.

b.

Stock Options. The Company has an incentive stock plan, the 2013 Equity Compensation Plan (the “2013 Plan”), and on April 19, 2019, has granted 1,000,000 stock options to employees, officers and non-employee directors from the 2013 Plan each with an exercise price of $5.43. Options granted under the 2013 Plan may be Incentive Stock Options or Nonqualified Stock Options, as determined by the Administrator at the time of grant. During the year ended October 31, 2024, 79,000 stock options were forfeited. No options were granted or expired during the years ended October 31, 2024. No options were granted, forfeited or expired during the years ended October 31, 2023. As of October 31, 2024, and October 31, 2023, 921,000 and 1,000,000, were exercisable, respectively.

The Company recorded no stock-based compensation expense for the year ended October 31, 2024 and 2023, as all stock option awards were fully vested as of the beginning of the reporting period.