Intangible Assets

12 Months Ended

Oct. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 4 – Intangible Assets

The Company’s intangible assets include patents and technology that were acquired pursuant to the GoFire Asset Purchase Agreement (“GoFire APA”).

 
The cost and accumulated amortization and impairment of the intangible assets amounted to $11,795,975 and $11,795,975 as of October 31, 2025, respectively and $11,795,975 and $1,114,064 as of October 31, 2024, respectively. Amortizable patents and technology have a useful life of 15.0 years with a weighted average remaining useful life of 0 years and 13.7 years as of October 31, 2025 and October 31, 2024, respectively.

The Company recognized an amortization expense of $786,408 and $786,398 for the years then ended October 31, 2025 and 2024, respectively. Amortization expense is included under general and administrative expenses in the consolidated statements of operations.

As of October 31, 2025, as a result of the termination of the merger and share exchange agreement with Delta and the uncertainty in the Company’s ability to monetize and generate future cash flows from the GoFire patents, the Company recognized an impairment loss on the intangible assets of $9,895,503.