XML 29 R20.htm IDEA: XBRL DOCUMENT v3.26.1
Income Taxes
 6 Months Ended
Apr. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
12.
Income Taxes

There was no income tax expense incurred during the three and six months ended April 30, 2026. During the three and six months ended April 30, 2025, the Company recorded income tax expense of $240 thousand and $258 thousand, respectively.

The Company has evaluated the positive and negative evidence bearing upon its ability to realize its deferred tax assets, which primarily consist of net operating loss carryforwards. The Company has considered its history of cumulative net losses, estimated future taxable income and prudent and feasible tax planning strategies and has concluded that it is more likely than not that the Company will not realize the benefits of its deferred tax assets. As a result, as of April 30, 2026, the Company has maintained a full valuation allowance against its remaining net deferred tax assets.