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Income Taxes (Tables)
3 Months Ended
Jan. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Provision (benefit) for Income Tax

The Company’s expense or income taxes for the quarter ended January 31, 2025 and October 31, 2024, consisted of the following:

 

   January 31, 2025   October 31, 2024 
         
Current          
Federal  $233,640   $82,332 
State and local   52,625    18,544 
Total   286,265    100,876 
Deferred          
Federal   79,820    611,317 
State and local   40,007    137,692 
Total   119,827    749,009 
Income tax expense  $406,092    849,885 
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:

 

   January 31, 2025   October 31, 2024 
Expense from tax at the federal statutory rate  $327,464    644,258 
Goodwill impairment   -      
Other permanent differences   4,870    23,718 
Return to provision   -    29,959 
Deferred Tax change in effective rate   -    6,838 
State and local tax, net of federal   73,758    145,112 
Expense income taxes  $406,092    849,885 
Effective income tax rate   26%   28%