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OPERATING LEASES
9 Months Ended
Jul. 31, 2025
Operating Leases  
OPERATING LEASES

NOTE 6 – OPERATING LEASES

 

We are contractually bound by a non-cancellable operating lease relating to PAL which we acquired on October 29, 2024. Lease costs recognized in our consolidated statements of operations are summarized as follows:

 

   July 31,   October 31, 
   2025   2024 
         
Lease Liability  $401,149   $413,171 
Future minimum lease payments  $538,404   $568,076 
Remaining life of the lease in years (Expires 31 March 2033)   7.67    8.42 
Discount Rate   6.75%   6.75%

 

Maturities of lease liabilities as of July 31, 2025 were as follows:

 

Future Minimum Operating Lease Maturity Analysis

 

 

Years  Total 
     
2025 (remaining 3 months)  $15,575 
2026   63,233 
2027   65,130 
2028   67,084 
2029   69,096 
Thereafter   258,286 
Imputed Interest   (137,255)
Total  $401,149