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Equity (Tables)
3 Months Ended
Jan. 31, 2023
EQUITY  
Schedule of Grant and Vesting of Restricted Stock Units

Recipient

 

Position with Company

 

Number of RSUs

 

Anthony Brian Goodman

 

President, Chief Executive Officer (Principal Executive Officer), Secretary, Treasurer, and Chairman of the Board of Directors

 

 

750,000

 

Weiting ‘Cathy’ Feng

 

Chief Operating Officer and Director of the Company

 

 

375,000

 

Murray G. Smith

 

Independent Director

 

 

150,000

 

Aaron Richard Johnston

 

Independent Director

 

 

150,000

 

Thomas E. McChesney

 

Independent Director

 

 

150,000

 

 

 

 

 

 

1,575,000

 

Schedule of Performance Metrics

 

 

Revenue Targets

 

EBITDA Targets

 

Performance Period

 

Target Goal

 

 

RSUs Vested

 

Target Goal

 

 

RSUs Vested

 

Year ended October 31, 2022

 

$

21,875,000

 

 

*

 

$

3,250,000

 

 

*

 

Year ended October 31, 2023

 

FY 2022 x 1.1

 

 

*

 

FY 2022 x 1.1

 

 

*

 

Year ended October 31, 2024

 

FY 2023 x 1.1

 

 

*

 

FY 2023 x 1.1

 

 

*

 
Schedule of stock option plan activity

Options

 

Number Outstanding

 

 

Weighted Average Exercise Price

 

Options Outstanding  as of October 31, 2022

 

 

8,426,666

 

 

$0.50

 

Options exercised

 

 

(7,333,332)

 

$0.07

 

Options Outstanding as of January 31, 2023

 

 

1,093,334

 

 

$3.41

 

Options Exercisable as of January 31, 2023

 

 

843,334

 

 

$2.86