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Parent Company Balance Sheets | 12 Months Ended
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Oct. 31, 2025
Parent Company Balance Sheets [Abstract] |
Parent company balance sheets |
19. | Parent company balance sheets
Condensed financial information of the parent company Pursuant to the requirements of Rule 12-04(a), 5-04(c) and 4-08(e)(3) of Regulation S-X, the financial information of the parent company shall be filed when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. The Company performed a test on the restricted net assets of consolidated subsidiaries in accordance with such requirements and concluded that it was applicable to the Company as the restricted net assets of the Company’s subsidiaries exceeded 25% of the consolidated net assets of the Company. Therefore, the financial statements for the parent company are included herein. For purposes of the above test, restricted net assets of consolidated subsidiaries shall mean that amount of the Company’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party. The financial information of the parent company has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company used the equity method to account for investment in its subsidiaries. Such investment is presented on the balance sheets as “Investment in subsidiaries” and the respective profit or loss as “Equity method income” on the statements of operations and comprehensive loss. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S GAAP have been or omitted. As of October 31, 2025 and 2024, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those which have been separately disclosed in the consolidated financial statements, if any.
|  | October 31, 2025 |  |  | October 31, 2024 |
|  | US$ |  |  | US$ |
ASSETS |  |  |  |  |  |
Current assets |  |  |  |  |  |
Cash and cash equivalents |  |  | 291 |  |  |  | - |
Other receivable |  |  | 5,004 |  |  |  | - |
Total current assets |  |  | 5,295 |  |  |  | - |
Investment in unconsolidated subsidiaries |  |  | 12,481,495 |  |  |  | 7,953,227 |
Total assets |  |  | 12,486,790 |  |  |  | 7,953,227 |
LIABILITIES |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Other payables |  |  | 180,000 |  |  |  | - |
Due to related parties |  |  | 23,003 |  |  |  |  |
Total current liabilities |  |  | 203,003 |  |  |  | - |
Total liabilities |  |  | 203,003 |  |  |  | - |
Total shareholders’ equity |  |  | 12,283,787 |  |  |  | 7,953,227 |
Total liabilities and shareholders’ equity |  |  | 12,486,790 |  |  |  | 7,953,227 |
|  | October 31, 2025 |  |  | October 31, 2024 |  |  | October 31, 2023 |
|  | US$ |  |  | US$ |  |  | US$ |
Revenues |  |  | — |  |  |  | — |  |  |  | — |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  |  | (200,463 | ) |  |  | - |  |  |  | - |
Loss from operations |  |  | (200,463 | ) |  |  | - |  |  |  | - |
Equity method income |  |  | 200,527 |  |  |  | 1,813,170 |  |  |  | 1,909,271 |
Interest expense |  |  | 1,962 |  |  |  | — |  |  |  | — |
Income before income taxes |  |  | 2,026 |  |  |  | 1,813,170 |  |  |  | 1,909,271 |
Income tax expense |  |  | — |  |  |  | — |  |  |  | — |
Net income |  |  | 2,026 |  |  |  | 1,813,170 |  |  |  | 1,909,271 |
Other comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation difference |  |  | 52,666 |  |  |  | 36,714 |  |  |  | (39,443 | )
Total comprehensive income |  |  | 54,692 |  |  |  | 1,849,884 |  |  |  | 1,869,828 |
|  | October 31, 2025 |  |  | October 31, 2024 |  |  | October 31, 2023 |
|  | US$ |  |  | US$ |  |  | US$ |
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Net income |  |  | 2,026 |  |  |  | 1,813,170 |  |  |  | 1,909,271 |
Equity method income |  |  | (253,193 | ) |  |  | (1,849,884 | ) |  |  | (1,869,828 | )
Other receivables |  |  | (5,004 | ) |  |  | - |  |  |  | - |
Other payables |  |  | 180,000 |  |  |  | - |  |  |  | - |
Due to related parties |  |  | 23,003 |  |  |  | - |  |  |  | - |
Net cash used in operating activities |  |  | (53,168 | ) |  |  | (36,714 | ) |  |  | 39,443 |
Investments in subsidiary |  |  | (4,275,075 | ) |  |  | (787,266 | ) |  |  | - |
Net cash provided by investing activities |  |  | (4,275,075 | ) |  |  | (787,266 | ) |  |  | - |
Proceeds from issuance of common stock |  |  | 4,275,868 |  |  |  | 787,266 |  |  |  | - |
Net cash provided by financing activities |  |  | 4,275,868 |  |  |  | 787,266 |  |  |  | - |
Net decrease in cash and cash equivalents |  |  | (52,375 | ) |  |  | (36,714 | ) |  |  | 39,443 |
Cash and cash equivalents, beginning of year |  |  | - |  |  |  | - |  |  |  | - |
Effect of exchange rate changes on cash and cash equivalents |  |  | 52,666 |  |  |  | 36,714 |  |  |  | (39,443 | )
Cash and cash equivalents, end of year |  |  | 291 |  |  |  | - |  |  |  | - |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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