XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,640,864) $ (6,957,057)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock based compensation 62,000 0
Depreciation and amortization 393,547 290
Amortization of debt discount 144,925 0
Loss on extinguishment of debt 98,432 (0)
Stock options expense 20,870 2,788,725
Bad debt expense 1,925 4,622
Reserve for credit losses 133,062 0
ROU operating lease expense 98,168 94,347
Write-off of inventory 4,844 105,057
Changes in current assets and liabilities:    
Accounts receivable 1,083,170 (964,252)
Other receivable - related party 0 484,486
Prepaid expenses 168,379 244,486
Inventory 3,468,819 (2,512,070)
Income tax receivable 0 1,607,302
Accounts payable 196,139 123,247
Accounts payable - related party (1,121,126) 2,122,452
Accrued expenses (246,769) (402,281)
Deferred revenue 0 (105,572)
Customer deposits 0 (32,874)
Customer refunds due (60,947) 921,078
Operating lease obligations (89,183) (80,028)
Net cash provided by (used in) operating activities 715,391 (2,558,042)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for equipment 0 (3,480)
Net cash used in investing activities 0 (3,480)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loans payable 1,106,731 0
Payments on loans payable (1,867,698) 0
Net cash used in financing activities (760,967) 0
Net change in cash (45,576) (2,561,522)
Beginning cash balance 533,659 3,685,893
Ending cash balance 488,083 1,124,371
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 426,458 0
Income taxes paid 0 0
NON-CASH TRANSACTIONS    
Preferred Stock Dividend $ 135,000 $ 0