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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Operating activities      
Net loss $ (5,254,678) $ (8,620,837) $ (6,894,868)
Adjustments for:      
Amortization of intangible assets 10,984 10,954 14,830
Amortization of right-of-use asset 39,023 35,381 60,665
Interest on lease liability 5,386 2,907 14,433
Exchange rate differences 6,051 78,171
Issuance costs allocated to derivate warrant liability 115,046 468,408
Depreciation of property and equipment 1,065 11,175 7,572
Changes in fair value of derivative warrant liabilities (707,802) 2,189,986 290,569
Share-based compensation 883,872 366,405 1,207,549
Changes in fair value of short-term investments 68,624 107,638 308,187
Tax expenses 103,879 17,372 29,859
Changes in working capital:      
Decrease (increase) in other receivables 64,949 (154,621) 19,938
Decrease (increase) in prepaid expenses (3,690) (26,134) 103,026
Increase (decrease) in accounts payable and accrued liabilities (198,590) (620,421) 913,303
Increase (decrease) in amounts due to / from related parties 7,222 (167,856) 200,443
Net cash used in operating activities (4,858,659) (6,301,472) (3,724,494)
Investing activities      
Proceeds from sale of short-term investment (Note 5) 78,500
Purchase of securities (Note 5) (350,400)
Changes in restricted cash 33,803 (26,228)
Acquisition of property and equipment (5,563)
Net cash used in investing activities (238,097) (26,228) (5,563)
Financing activities      
Proceeds from issuance of common shares and warrants, net of issuance costs (Notes 7, 8c) 2,192,444 11,115,241 582,558
Proceeds received from exercise of warrants (Note 7) 4,104,521 590,077
Repayment of lease liabilities (42,587) (40,922) (70,870)
Net cash provided by financing activities 6,254,378 11,664,396 511,688
Effect of foreign exchange rate changes on cash and cash equivalents (11,548) (37,734) (22,652)
Net increase (decrease) in cash and cash equivalents 1,146,074 5,298,962 (3,241,021)
Cash and cash equivalents at beginning of year 5,427,739 128,777 3,369,798
Cash and cash equivalents at end of year 6,573,813 5,427,739 128,777
Supplementary disclosure of cash flow information:      
Cash received as interest 271,784 71,733 8
Dividend received 16,555
Cash paid for taxes 306,592 12,678
Interest on lease liability 5,386 2,907 14,433
Non-cash financing and investing activities      
Common shares issued to Xylo Technologies Ltd. (formerly known as Medigus Ltd.) (Note 8d(i)) 296,569
Right of use assets obtained in exchange for lease liabilities 181,779 92,731
Early termination of office lease (Note 4) (88,562)  
Shares obtained from Xylo Technologies Ltd. (formerly known as Medigus Ltd.) in issuance of shares and warrants 455,488
Deferred offering costs included in non-current assets $ 198,173