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INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2021

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION (BENEFIT) FOR INCOME TAXES

The provision (benefit) for income taxes comprises:

SCHEDULE OF PROVISION (BENEFIT) FOR INCOME TAXES 

		October 31,				October 31,
		2021				2020
Current federal benefit		$	(25,429	)		$	(12,502	)
Foreign tax expense (benefit)			42,021				(38,161	)
Total current tax expense (benefit)			16,592				(50,663	)
Deferred federal expense			288,887				305,125
Deferred foreign benefit			-				(196,240	)
Deferred Tax Expense			288,887				108,885
Total Income Tax Expense		$	305,479			$	58,222

SCHEDULE OF RECONCILIATION OF INCOME TAX BENEFIT

The expense for income taxes differed from the U.S. statutory rate due to the following:

SCHEDULE OF RECONCILIATION OF INCOME TAX BENEFIT

		October 31,				October 31,
		2021				2020
Statutory tax rate			21.0	%			21.0	%
Change in deferred taxes			(18.4	)%			(17.1	)%
Alternative Minimum Tax (refund)			0.0	%			(1.1	)%
Foreign tax (benefit) expense			3.2	%			(1.1	)%
Total			5.8	%			1.7	%

SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES

Significant components of the Company’s deferred tax assets and liabilities are as follows:

SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES 

		October 31,				October 31,
		2021				2020
Noncurrent deferred tax assets
Temporary differences
U.S. NOL carryforwards		$	15,930			$	272,993
Stock option compensation			-				92,669
Restricted Stock Awards			72,970			$	-
Book/Tax Depreciation			(12,124	)			-
Foreign fixed assets			18,168				-
Foreign deferreds			-				196,240
Foreign NOL carryforwards			148,650				143,563
Total			243,594				705,465
Valuation allowance			(166,818	)			(143,563	)
Total Deferred Asset		$	76,776			$	561,902

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
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