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INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION (BENEFIT) FOR INCOME TAX

The Company’s provision (benefit) for income taxes in 2024 and 2023 consisted of the following:

SCHEDULE OF PROVISION (BENEFIT) FOR INCOME TAX

		2024				2023
Current
Federal		$	82,332			$	-
State and local			18,544				-
Total			100,876				-
Deferred
Federal			611,317				(223,120	)
State and local			137,692				(45,100	)
Total			749,009				(268,220	)
Provision (benefit) for income taxes		$	849,885			$	(268,220	)

SCHEDULE OF EFFECTIVE INCOME TAX RATE

A reconciliation of the difference between the expected income tax rate using the statutory U.S. federal tax rate and the Company’s effective tax rate is as follows:

SCHEDULE OF EFFECTIVE INCOME TAX RATE 

		2024				2023
Expense (Benefit) from for tax at the federal statutory rate		$	644,259			$	(231,797	)
Goodwill impairment			-				-
Other permanent differences			23,718				(51,500
Return to provision			29,959				51,500
Deferred Tax change in effective rate			6,838
State and local tax, net of federal			145,112				(36,423	)
Expense (Benefit from) income taxes		$	849,885			$	(268,220	)
Effective income tax rate			28	%			25	%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The tax effects of the temporary differences that give rise to the deferred tax assets and liabilities as of October 31, 2024 and 2023 are as follows:

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 

		2024				2023
Deferred tax assets:
Accounts receivable		$	37,051			$	34,539
Unrealized loss			-				-
Deferred rent			942				28,483
Deferred compensation			31,233				28,908
Net operating loss			503,413				1,039,047
Stock-based compensation			645,892				602,107
Inventory			93,879				105,794
Total deferred tax asset			1,312,410				1,838,878
Deferred tax liabilities:
Intangible assets acquired			95,347				70,021
Unrealized gain			132,625				-
Buildings, machinery and equipment			492,040				427,450
Total deferred tax liabilities			720,012				497,471
Net deferred tax asset		$	592,398			$	1,341,407

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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