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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
REVENUES      
Total revenues $ 3,249,344 $ 2,002,217 $ 3,087,708
OPERATING EXPENSES      
Selling and marketing 1,519,783 773,650 1,033,408
Selling and marketing - related parties 38,426 23,922 0
General and administrative 373,716 431,305 402,480
General and administrative - compensation and related benefits 743,062 651,490 166,047
General and administrative - related parties 14,215 19,180 26,556
Total Operating Expenses 2,689,202 1,899,547 1,628,491
INCOME FROM OPERATIONS 560,142 102,670 1,459,217
OTHER INCOME (EXPENSE)      
Interest income 88,948 275,168 13,920
Interest income - related party 102,074 0 0
Interest expense 0 (18,218) (22,439)
Interest expense - related parties 0 (613) (452)
Other income 8,991 54,988 36,384
Total Other Income, net 200,013 311,325 27,413
INCOME BEFORE INCOME TAXES 760,155 413,995 1,486,630
INCOME TAXES 126,055 238,208 365,192
NET INCOME 634,100 175,787 1,121,438
LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST (3) 0 9
NET INCOME ATTRIBUTABLE TO TIAN RUIXIANG HOLDINGS LTD ORDINARY SHAREHOLDERS 634,103 175,787 1,121,429
COMPREHENSIVE INCOME:      
NET INCOME 634,100 175,787 1,121,438
OTHER COMPREHENSIVE INCOME (LOSS)      
Unrealized foreign currency translation gain (loss) 420,719 (70,429) (598,509)
COMPREHENSIVE INCOME 1,054,819 105,358 522,929
LESS: COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 21 (4) (15)
COMPREHENSIVE INCOME ATTRIBUTABLE TO TIAN RUIXIANG HOLDINGS LTD ORDINARY SHAREHOLDERS $ 1,054,798 $ 105,362 $ 522,944
NET INCOME PER ORDINARY SHARE ATTRIBUTABLE TO TIAN RUIXIANG HOLDINGS LTD ORDINARY SHAREHOLDERS:      
Basic and diluted * $ 0.13 $ 0.04 $ 0.22
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING:      
Basic and diluted * 5,000,000 5,000,000 5,000,000
Commissions      
REVENUES      
Total revenues $ 2,954,798 $ 2,002,217 $ 3,087,708
Risk management services      
REVENUES      
Total revenues $ 294,546 $ 0 $ 0