- INCOME/(LOSS) PER SHARE

12 Months Ended

Oct. 31, 2019

- INCOME/(LOSS) PER SHARE [Abstract]

- INCOME/(LOSS) PER SHARE

Note 10 - INCOME/(LOSS) PER SHARE

Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share reflects the potential dilution, using the treasury stock method that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the income (loss) of the Company. In computing diluted income (loss) per share, the treasury stock method assumes that outstanding options and warrants are exercised and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. As of October 31, 2019 and 2018, there were no outstanding warrants or options.

The following table sets forth the computation of basic and diluted earnings per share:

	For the year ended  October 31,
	2019		2018
Earnings per share - Basic and Diluted
Income (Loss) for the period	$	(185,204)	$	(21,298)
Basic average common stock outstanding - Basic and Diluted		53,836,211		53,280,000
Net earnings per share - Basic and Diluted	$	(0.00)	$	(0.00)