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INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2023

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,
		2023				2022
Current federal expense		$	264,955			$	849,580
Current state income tax expense			5,789				159,900
Foreign tax (benefit)			(22,089	)			(4,340	)
Total current tax expense			248,655				1,005,140
Deferred federal expense (benefit)			14,941				(174,026	)
Deferred state expense			3,913				-
Deferred foreign tax expense			29,570				-
Deferred tax expense (benefit)			48,424				(174,026	)
Total Income Tax Expense		$	297,079			$	831,114

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,
		2023				2022
Statutory US tax rate			21.0	%			21.0	%
R&D Relief			(9.7	)%			(10.6	)%
Change in valuation allowance			(3.4	)%			3.7	%
Foreign tax benefit including GILTI, net			2.1	%			(0.9	)%
State Income Tax			(1.3	)%			3.0	%
Total			8.7	%			16.2	%

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,
		2023				2022
Noncurrent deferred tax assets (liabilities)
Temporary differences
U.S. NOL carryforwards		$	-			$	-
Deferred Revenue			-				4,830
Restricted Stock Awards			263,218				272,841
Book/Tax Depreciation			(21,554	)			(17,861	)
Foreign fixed assets			(218,045	)			(84,381
Foreign capital loss carryforwards			11,182				-
Foreign NOL carryforwards			176,585				409,100
Total			211,386				584,529
Valuation allowance			-				(324,719	)
Total Deferred Asset		$	211,386			$	259,810

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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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
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
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