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Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2022
Oct. 31, 2021
CURRENT ASSETS:    
Cash $ 5,590,420 $ 7,760,228
Restricted Cash 65,542 65,007
Accounts receivable 1,296,204 1,985,186
Inventory deposit – related party 2,925,000 2,925,000
Inventories 11,841,750 15,326,370
Prepaid expenses 289,988 319,531
Income tax receivable 1,753,594 1,753,594
Total current assets 23,762,498 30,134,916
Right of use asset- operating lease 51,955 55,604
TOTAL ASSETS 23,814,453 30,190,520
CURRENT LIABILITIES:    
Accounts payable 180,017 242,829
Accounts payable- related party 9,129,759 12,667,769
Accrued expenses 374,412 579,604
Operating lease obligation – short term 13,349 13,020
Customer refund due 147,690 316,800
Total current liabilities 9,845,227 13,820,022
LONG TERM LIABILITIES    
Operating lease obligation, net of current portion 42,686 46,185
TOTAL LIABILITIES 9,887,913 13,866,207
STOCKHOLDERS’ EQUITY:    
Preferred stock 5,000,000 shares authorized; Series A Convertible Preferred stock ($.001 par value, 3,000,000 shares authorized, 3,000,000 issued and outstanding as of January 31, 2022 and October 31, 2021) 3,000 3,000
Common stock ($0.001 par value, 1,000,000,000 shares authorized, 30,236,696 and 30,195,312 issued and outstanding as of January 31, 2022 and October 31, 2021, respectively) 30,236 30,195
Additional paid-in capital 21,936,109 21,551,959
Accumulated deficit (8,042,805) (5,260,841)
Total Stockholders’ Equity 13,926,540 16,324,313
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY $ 23,814,453 $ 30,190,520