EARNINGS PER SHARE

6 Months Ended

Apr. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

10. EARNINGS PER SHARE

The Company calculates net loss per share in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) Topic 260, ”Earnings per Share”. Basic earnings (loss) per share is calculated by dividing income (loss) by the weighted average number of common shares outstanding for the period. During the periods presented, the Company only has common stock outstanding. In 2021, the Company issued a convertible debt instrument. In addition, the Company also has stock warrants of 2,429,443 and 2,373,888 as of April 30, 2024, and October 31, 2023, respectively. The Company has calculated diluted earnings per share utilizing the outstanding stock warrants and convertible debt.