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INCOME TAXES | 12 Months Ended
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Oct. 31, 2024
Income Tax Disclosure [Abstract] |
INCOME TAXES | NOTE 9 - INCOME TAXES The Company accounts for income taxes under ASC 740-10, which provides for an asset and liability approach of accounting for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted tax laws, attributed to temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts calculated for income tax purposes. Significant components of the Company’s deferred tax assets are summarized below. SCHEDULE OF DEFERRED TAX ASSETS
|  | As of October 31, |  |  | As of October 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carry forwards |  | $ | 1,699,000 |  |  | $ | 1,095,000 |
Total deferred tax asset |  |  | 1,699,000 |  |  |  | 1,095,000 |
Valuation allowance |  |  | (1,699,000 | ) |  |  | (1,095,000 | )
Deferred tax asset, net |  | $ | - |  |  | $ | - |
As of October 31, 2024 and 2023, the Company had approximately $1,699,000 and $1,095,000, respectively, in net operating loss carry-forwards for federal and state income tax reporting (tax effected) purposes. As a result of the Tax Cuts Job Act 2017 (the “Act”), certain future carryforwards do not expire. The Company has not performed a formal analysis but believes its ability to use such net operating losses and tax credit carryforwards in the future is subject to annual limitations due to change of control provisions under Sections 382 and 383 of the Internal Revenue Code, which will significantly impact its ability to realize these deferred tax assets. The Company recorded a valuation allowance in the full amount of its net deferred tax assets since realization of such tax benefits has been determined by the Company’s management to be less likely than not. The valuation allowance increased $604,000 and $298,000 during the years ended October 31, 2024 and 2023, respectively. A reconciliation of the statutory federal income tax benefit to actual tax benefit is as follows: SCHEDULE OF EFFECTIVE FEDERAL INCOME TAX RATE RECONCILIATION
|  | As of October 31, |  |  | As of October 31, |
|  | 2024 |  |  | 2023 |
Federal statutory blended income tax rates |  |  | (21 | )% |  |  | (21 | )%
State statutory income tax rate, net of federal benefit |  |  | - | % |  |  | - | %
Change in valuation allowance |  |  | 21 | % |  |  | 21 | %
Effective tax rate |  |  | - | % |  |  | - | %
As of the date of this filing, the Company has not filed its 2024 federal and state corporate income tax returns. The Company expects to file these documents as soon as practicable. The Company has evaluated its income tax positions and has determined that it does not have any uncertain tax positions. The Company will recognize interest and penalties related to any uncertain tax positions through its income tax expense.

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