2023 Q4 Form 20-F Financial Statement

#000121390024076729 Filed on September 09, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $95.26M $185.3M
YoY Change -48.61%
Cost Of Revenue $107.1M $158.5M
YoY Change -32.4%
Gross Profit -$11.89M $26.85M
YoY Change -144.27%
Gross Profit Margin -12.48% 14.48%
Selling, General & Admin $3.743M $3.266M
YoY Change 14.58%
% of Gross Profit 12.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.24K
YoY Change 0.46%
% of Gross Profit
Operating Expenses $3.743M $3.266M
YoY Change 14.58% 1683.63%
Operating Profit -$15.63M $23.58M
YoY Change -166.27%
Interest Expense $112.0K -$101.9K
YoY Change 9.96% -8449.18%
% of Operating Profit -0.43%
Other Income/Expense, Net -$147.2K $129.1K
YoY Change -640.52%
Pretax Income -$15.78M $23.61M
YoY Change -166.82% -13077.93%
Income Tax $2.542K $11.24K
% Of Pretax Income 0.05%
Net Earnings -$9.332M $12.23M
YoY Change -176.29% -6824.66%
Net Earnings / Revenue -9.8% 6.6%
Basic Earnings Per Share -$0.18
Diluted Earnings Per Share -$0.18 $0.23
COMMON SHARES
Basic Shares Outstanding 52.77M shares 52.42M shares 50.00M shares
Diluted Shares Outstanding 52.42M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.57M
YoY Change -62.99%
Cash & Equivalents $2.200M $21.57M
Short-Term Investments
Other Short-Term Assets $7.901M
YoY Change 4261.37%
Inventory
Prepaid Expenses
Receivables $983.8K $3.955M
Other Receivables $0.00
Total Short-Term Assets $6.770M $33.43M
YoY Change -79.75% 28.0%
LONG-TERM ASSETS
Property, Plant & Equipment $561.9K $604.1K
YoY Change -6.99% 388.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.539M
YoY Change 62.6%
Total Long-Term Assets $1.661M $2.143M
YoY Change -22.47% 100.24%
TOTAL ASSETS
Total Short-Term Assets $6.770M $33.43M
Total Long-Term Assets $1.661M $2.143M
Total Assets $8.431M $35.57M
YoY Change -76.3% 30.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $261.1K $750.5K
YoY Change -65.2% 53.65%
Accrued Expenses $4.422M $7.983M
YoY Change -44.61% 31479.43%
Deferred Revenue
YoY Change
Short-Term Debt $2.977M
YoY Change 92928.13%
Long-Term Debt Due $937.5K $880.6K
YoY Change 6.45% -2.11%
Total Short-Term Liabilities $14.11M $23.18M
YoY Change -39.13% 13.39%
LONG-TERM LIABILITIES
Long-Term Debt $1.477M $2.367M
YoY Change -37.58% -29.77%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.477M $2.367M
YoY Change -37.58% -29.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.11M $23.18M
Total Long-Term Liabilities $1.477M $2.367M
Total Liabilities $15.70M $25.55M
YoY Change -38.56% 7.28%
SHAREHOLDERS EQUITY
Retained Earnings -$5.000M $4.377M
YoY Change -214.24% 908.96%
Common Stock $5.278K $5.000K
YoY Change 5.56% -90.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.407M $4.534M
YoY Change
Total Liabilities & Shareholders Equity $8.431M $35.57M
YoY Change -76.3% 30.85%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income -$9.332M $12.23M
YoY Change -176.29% -6824.66%
Depreciation, Depletion And Amortization $42.24K
YoY Change 0.46%
Cash From Operating Activities -$17.80M
YoY Change -153.72%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $902.0K
YoY Change -94.68%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.578M
YoY Change -92.8%
NET CHANGE
Cash From Operating Activities -$17.80M
Cash From Investing Activities
Cash From Financing Activities -$1.578M
Net Change In Cash -$19.35M
YoY Change -272.51%
FREE CASH FLOW
Cash From Operating Activities -$17.80M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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33132430 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
632490 usd
CY2021 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-300000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
300000 usd
CY2023 caco Net Cash Acquired In The Reverse Recapitalization
NetCashAcquiredInTheReverseRecapitalization
23 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
13222559 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
6467686 usd
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
50000 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
13378750 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
2520364 usd
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1421466 usd
CY2023 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
832579 usd
CY2022 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
1022130 usd
CY2021 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
165442 usd
CY2022 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
7419 usd
CY2021 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
100041 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
902000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
16952502 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1578365 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21914535 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1306065 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19352363 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11217895 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2238555 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21572336 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10354441 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8115886 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2219973 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21572336 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10354441 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10870 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2503 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1549 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
60789 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
81413 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
122295 usd
CY2021 us-gaap Stock Issued1
StockIssued1
327848 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
522388 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
56957 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
252339 usd
CY2023 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
500000 usd
CY2023 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
50000000 shares
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Uses of estimates </i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing the consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information as of the date of the consolidated financial statements. Significant accounting estimates required to be made by management include, but are not limited to revenue recognition. Actual results could differ from those estimates.</span></p>
CY2023 us-gaap Property Plant And Equipment Dispositions
PropertyPlantAndEquipmentDispositions
Over the shorter of the lease term or estimated useful lives
CY2023 caco Earnout Ordinary Shares
EarnoutOrdinaryShares
35000000 shares
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
983784 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3955311 usd
CY2023Q4 caco Customer Advances
CustomerAdvances
3463413 usd
CY2022Q4 caco Customer Advances
CustomerAdvances
10067278 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10067278 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10067278 usd
CY2023 us-gaap Revenues
Revenues
95257538 usd
CY2022 us-gaap Revenues
Revenues
185349630 usd
CY2021 us-gaap Revenues
Revenues
121961057 usd
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P1Y
CY2023Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
20922 usd
CY2021Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
5922 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
54551 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
56802 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
133173 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.50 pure
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.486 pure
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
185300000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
95300000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-15800000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
23600000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentrations of risks</i></b></span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant customers</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the years ended October 31, 2023, one customer accounted for or approximately 15% of the Group’s total revenues. For the years ended October 31, 2022 and 2021, no customer accounted for more than 10% of the Group’s total revenues. As of October 31, 2023, three customers accounted for approximately 23%, 17% and 10% of the Group’s accounts receivable, respectively. As of October 31, 2022, two customers accounted for approximately 30% and 25% of the Group’s accounts receivable, respectively. </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant suppliers</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended October 31, 2023, one related party supplier accounted for approximately 24% of the Group’s total purchases. For the year ended October 31, 2022, one related party supplier accounted for approximately 42.5% of the Group’s total purchases. For the year ended October 31, 2021, one related party supplier accounted for approximately 44% of the Group’s total purchases. As of October 31, 2023, two suppliers accounted for approximately 50% and 46% of the Group’s total accounts payable, respectively. As of October 31, 2022, one supplier accounted for approximately 92% of the Group’s total accounts payable.</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0px"></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">c.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Group maintains cash and cash equivalents with various financial institutions in Singapore and management believes these financial institutions are high credit quality. As of October 31, 2023 and 2022, the aggregate amount of cash and cash equivalents of $2,219,973 and $21,572,030, respectively, was held at major financial institutions in Singapore, where there is a Singapore Dollar 100,000 (or $73,009) deposit insurance limit for a legal entity’s aggregated balance at each bank.</span></p>
CY2023Q4 us-gaap Cash
Cash
2219973 usd
CY2022Q4 us-gaap Cash
Cash
21572030 usd
CY2023 us-gaap Legal Fees
LegalFees
100000 sgd
CY2023 us-gaap Legal Fees
LegalFees
73009 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-15800000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17800000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5000000 usd
CY2023Q4 caco Working Capital
WorkingCapital
7300000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2200000 usd
CY2023Q4 caco Advance From Customers
AdvanceFromCustomers
3500000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2500000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
983784 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3955311 usd
CY2023Q4 caco Prepayment For Fuel Other Costs
PrepaymentForFuelOtherCosts
3509770 usd
CY2022Q4 caco Prepayment For Fuel Other Costs
PrepaymentForFuelOtherCosts
6828645 usd
CY2023Q4 caco Prepayment For Keyman Insurance Cost
PrepaymentForKeymanInsuranceCost
894561 usd
CY2022Q4 caco Prepayment For Keyman Insurance Cost
PrepaymentForKeymanInsuranceCost
871490 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
51971 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
787853 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4456302 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8487988 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3561741 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6949397 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
894561 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
1538591 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
667101 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
744104 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
744104 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
182213 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
139978 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
561891 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
604126 usd
CY2023 us-gaap Depreciation
Depreciation
42235 usd
CY2022 us-gaap Depreciation
Depreciation
42042 usd
CY2021 us-gaap Depreciation
Depreciation
40085 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4421644 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7880984 usd
CY2023Q4 caco Board Compensation Payable
BoardCompensationPayable
75000 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
102297 usd
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
904783 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
509642 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
5401427 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
8492923 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3700000 usd
CY2023Q4 caco Accrued Contract Loss
AccruedContractLoss
700000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6900000 usd
CY2022Q4 caco Accrued Contract Loss
AccruedContractLoss
1000000 usd
CY2023Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1497755 usd
CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
2330334 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
916923 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
916923 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2414678 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3247257 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
937457 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
880631 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1477221 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2366626 usd
CY2020Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
3650434 usd
CY2020Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
5000000 sgd
CY2020Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.03 pure
CY2023Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1497755 usd
CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
2330334 usd
CY2023 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
112022 usd
CY2022 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
101877 usd
CY2021 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
114204 usd
CY2023Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.039 pure
CY2022Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.028 pure
CY2021Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.026 pure
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
937457 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
560298 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
916923 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2414678 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
92312 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
98555 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
64894 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
204750 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
90585 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
109492 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
200077 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M23D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0365 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
96371 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
89362 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22778 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
208511 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8434 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
200077 usd
CY2023 caco Schedule Of Due From Related Parties
ScheduleOfDueFromRelatedParties
<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Due from related parties consisted of the following:</span><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">October 31,<br/> 2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">October 31,<br/> 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 7pt"> </span></td><td><span style="font-size: 7pt"> </span></td> <td colspan="2" style="text-align: center"><span style="font-size: 7pt"> </span></td><td><span style="font-size: 7pt"> </span></td><td><span style="font-size: 7pt"> </span></td> <td colspan="2" style="text-align: center"><span style="font-size: 7pt"> </span></td><td><span style="font-size: 7pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nanjing Derun Shipping Co., Ltd.<sup>(1)</sup></span></td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-66">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">5,590</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Topsheen Shipping Limited<sup>(2)</sup></span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-67">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">946,065</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Top Wisdom Shipping Management Co. Limited<sup>(3)</sup></span></td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,183</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-68">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 4pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">4,183</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">951,655</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><sup>(1)</sup></span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The balances mainly represented accounts receivables from Nanjing Derun Shipping Co., Ltd. The balance was collected subsequently.</span></td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><sup>(2)</sup></span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The balances mainly represented prepayments to Topsheen Shipping Limited, which was utilized subsequently.</span></td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><sup>(3)</sup></span></td> <td style="text-align: justify; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The balances mainly represented accounts receivables from Top Wisdom Shipping Management Co. Limited. The balance as of October 31, 2023 has been subsequently collected as of August 31, 2024.</span></td></tr> </table>
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