2022 Q4 Form 10-K Financial Statement
#000159991623000036 Filed on February 10, 2023
Income Statement
Concept | 2022 Q4 | 2022 | 2021 |
---|---|---|---|
Revenue | $16.28M | $14.52M | $11.81M |
YoY Change | 295.56% | 22.87% | 138.54% |
Cost Of Revenue | $5.050M | $11.32M | $5.020M |
YoY Change | 161.88% | 125.49% | 199.16% |
Gross Profit | $11.23M | $18.12M | $6.794M |
YoY Change | 413.35% | 166.72% | 107.48% |
Gross Profit Margin | 68.99% | 124.84% | 57.51% |
Selling, General & Admin | $1.025M | $4.308M | $3.462M |
YoY Change | 2.59% | 24.44% | 132.56% |
% of Gross Profit | 9.12% | 23.77% | 50.96% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $110.8K | $146.4K | $16.14K |
YoY Change | 1288.1% | 807.31% | 4790.91% |
% of Gross Profit | 0.99% | 0.81% | 0.24% |
Operating Expenses | $1.025M | $4.308M | $3.462M |
YoY Change | 2.59% | 24.44% | 132.56% |
Operating Profit | $10.21M | $13.81M | $3.332M |
YoY Change | 758.43% | 314.55% | 86.57% |
Interest Expense | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
% of Operating Profit | 0.0% | 0.0% | 0.0% |
Other Income/Expense, Net | -$5.070K | $20.92K | $0.00 |
YoY Change | -98.38% | -100.0% | |
Pretax Income | $10.20M | $13.83M | $3.666M |
YoY Change | 743.22% | 277.37% | 80.67% |
Income Tax | $3.462M | $4.925M | $1.333M |
% Of Pretax Income | 33.93% | 35.6% | 36.37% |
Net Earnings | $6.742M | $8.909M | $2.332M |
YoY Change | 675.16% | 281.95% | 77.49% |
Net Earnings / Revenue | 41.4% | 61.38% | 19.74% |
Basic Earnings Per Share | $0.84 | $0.22 | |
Diluted Earnings Per Share | $0.33 | $0.43 | $0.11 |
COMMON SHARES | |||
Basic Shares Outstanding | 10.65M shares | 10.65M shares | |
Diluted Shares Outstanding | 20.65M shares | 20.65M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 | 2021 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.836M | $5.836M | $2.583M |
YoY Change | 125.92% | 125.92% | 165.05% |
Cash & Equivalents | $5.836M | $5.836M | $2.583M |
Short-Term Investments | |||
Other Short-Term Assets | $16.39M | $16.39M | $3.035M |
YoY Change | 439.99% | 439.99% | 461.76% |
Inventory | $403.00 | $400.00 | $47.99K |
Prepaid Expenses | |||
Receivables | $1.847M | $1.847M | $4.720K |
Other Receivables | $490.00 | $490.00 | $16.78K |
Total Short-Term Assets | $24.07M | $24.07M | $5.688M |
YoY Change | 323.25% | 323.25% | 137.18% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $985.0K | $985.0K | $568.2K |
YoY Change | 73.36% | 73.36% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $307.4K | $307.4K | |
YoY Change | |||
Total Long-Term Assets | $1.425M | $1.425M | $798.5K |
YoY Change | 78.41% | 78.41% | 13690.67% |
TOTAL ASSETS | |||
Total Short-Term Assets | $24.07M | $24.07M | $5.688M |
Total Long-Term Assets | $1.425M | $1.425M | $798.5K |
Total Assets | $25.50M | $25.50M | $6.486M |
YoY Change | 293.11% | 293.11% | 169.83% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.472M | $2.472M | $261.8K |
YoY Change | 844.27% | 844.27% | 85.4% |
Accrued Expenses | $1.173M | $1.173M | $219.9K |
YoY Change | 433.23% | 433.23% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $460.00 | $460.00 | $460.00 |
YoY Change | 0.0% | 0.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $14.38M | $14.38M | $2.455M |
YoY Change | 485.66% | 485.66% | 260.13% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $520.0K | $520.0K | $219.5K |
YoY Change | 136.93% | 136.93% | |
Total Long-Term Liabilities | $520.0K | $520.0K | $219.5K |
YoY Change | 136.93% | 136.93% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $14.38M | $14.38M | $2.455M |
Total Long-Term Liabilities | $520.0K | $520.0K | $219.5K |
Total Liabilities | $14.90M | $14.90M | $2.674M |
YoY Change | 457.04% | 457.04% | 292.33% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $12.56M | ||
YoY Change | 244.32% | ||
Common Stock | $1.065K | ||
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.60M | $10.60M | $3.812M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $25.50M | $25.50M | $6.486M |
YoY Change | 293.11% | 293.11% | 169.83% |
Cashflow Statement
Concept | 2022 Q4 | 2022 | 2021 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $6.742M | $8.909M | $2.332M |
YoY Change | 675.16% | 281.95% | 77.49% |
Depreciation, Depletion And Amortization | $110.8K | $146.4K | $16.14K |
YoY Change | 1288.1% | 807.31% | 4790.91% |
Cash From Operating Activities | $4.482M | $4.606M | $2.032M |
YoY Change | 116.08% | 126.63% | 257.26% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $7.530K | $227.2K | $187.1K |
YoY Change | -188.69% | 21.41% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $18.04K | -$227.2K | -$187.1K |
YoY Change | 112.49% | 21.41% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | $455.00 | |
YoY Change | -100.0% | -99.86% | |
NET CHANGE | |||
Cash From Operating Activities | 4.482M | $4.606M | $2.032M |
Cash From Investing Activities | 18.04K | -$227.2K | -$187.1K |
Cash From Financing Activities | 0.000 | $455.00 | |
Net Change In Cash | 4.500M | $3.253M | $1.609M |
YoY Change | 116.02% | 102.21% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $4.482M | $4.606M | $2.032M |
Capital Expenditures | $7.530K | $227.2K | $187.1K |
Free Cash Flow | $4.474M | $4.378M | $1.845M |
YoY Change | 114.84% | 137.3% |
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WeightedAverageNumberOfSharesOutstandingBasic
|
10647350 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10647350 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20647350 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20647350 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1722255 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2332451 | usd |
CY2021 | WDSP |
Imputedinterest
Imputedinterest
|
3 | usd |
CY2021 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-242488 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3812221 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8908782 | usd |
CY2022 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-2118754 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10602249 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8908782 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2332451 | usd |
CY2022 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
|
146437 | usd |
CY2021 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
|
16136 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2145524 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
845298 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-16413398 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-2626641 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
42482 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-42282 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
14443 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
-17772 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-41345 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-211855 | usd |
CY2022 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
-357819 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2642891 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
140056 | usd |
CY2022 | WDSP |
Softwareperiod
Softwareperiod
|
-24602 | usd |
CY2021 | WDSP |
Othercurrentliabilitiesperiod
Othercurrentliabilitiesperiod
|
-12751 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
3583726 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-149234 | usd |
CY2022 | WDSP |
Consumptiontaxpayable
Consumptiontaxpayable
|
943365 | usd |
CY2021 | WDSP |
Consumptiontaxpayable
Consumptiontaxpayable
|
161944 | usd |
CY2022 | us-gaap |
Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
|
7292667 | usd |
CY2021 | us-gaap |
Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
|
1564294 | usd |
CY2022 | WDSP |
Increasedecreaserightofuseasset
Increasedecreaserightofuseasset
|
-298465 | usd |
CY2021 | WDSP |
Increasedecreaserightofuseasset
Increasedecreaserightofuseasset
|
-67300 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4605591 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2032197 | usd |
CY2022 | WDSP |
Cashpaidforassets
Cashpaidforassets
|
-227180 | usd |
CY2021 | WDSP |
Cashpaidforassets
Cashpaidforassets
|
-187123 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-227180 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-187123 | usd |
CY2021 | us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
455 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
455 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1125564 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-236917 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3252847 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1608612 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2583218 | usd |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
974606 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5836065 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2583218 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1695213 | usd |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1333338 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1269132 | usd |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
555942 | usd |
CY2022 | us-gaap |
Reclassifications
Reclassifications
|
<p id="xdx_844_eus-gaap--Reclassifications_zEit3QLazZ2j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><span id="xdx_867_zQZRRDtDCNx2">Reclassification</span> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Certain amounts in the prior period have been reclassified to conform to the current period presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84B_eus-gaap--UseOfEstimates_zitOcTIuisa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><span id="xdx_861_zVIojQXW2dz5">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make 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. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
|
<p id="xdx_84A_eus-gaap--RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure_zesJJfYjZhjc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><span id="xdx_869_zm1GcVi2EtWk">Revenue recognition</span></b></span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The Company adopted ASC 606 – Revenue from contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Revenue amount represents the invoiced value, net of a value-added t</span>ax (“Consumption Tax”) and applicable local government levies. The Consumption Tax on sales is calculated at 10% of gross sales. The Company is subject to consumption taxes in Japan for the year ended October 31, 2022. For the year ended October 31, 2021, a consumption tax refund of $330,694 was recorded in Other income due to a tax exemption. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_890_ecustom--Recognizedrevenue_zk0bC7rlbeFi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following table summarizes our <span id="xdx_8BE_zS6CqPZSWzGd">revenue recognized under ASC 606 in our consolidated statements of operations</span>:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="6" style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year Ended</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="6" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>October 31,</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="3" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Revenues</b> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product sales </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,043,637</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,637,104</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product sales – related party</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,879</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Crypto miners sales, net</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,917,287</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Program for educational institution</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">33,541</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">38,606</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">437,997</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">138,106</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Revenue Under ASC 606</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,440,341</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,813,816</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Revenue Under ASC 606</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,440,341</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,813,816</span></td></tr> <tr style="background-color: White"> <td style="width: 47%"> </td> <td style="width: 3%"> </td> <td style="width: 3%"> </td> <td style="width: 2%"> </td> <td style="width: 16%"> </td> <td style="width: 8%"> </td> <td style="width: 10%"> </td> <td style="width: 11%"> </td></tr> </table> <p id="xdx_8A3_zUtRkI5WiK62" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline">Revenue from product sales</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue for products is recognized when the products are delivered to the customer and the customer completes the product inspection. Cash receipts for undelivered products are recorded as deferred revenues. As of October 31, 2022, the Company <span style="background-color: white">no deferred revenues related to product sales. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline">Revenue – related party</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During the year ended October 31, 2022, revenue totaling approximately $7,879 was recognized from sales to related party ZEXAVERSE Corporation (hereinafter referred to as “ZEXAVERSE”). ZEXAVERSE is considered as a related party due to the fact that Ryohei Uetaki, CEO of the Company, controls the said company. The terms and conditions applied to the above transactions were the same as those applied to sales to customers not related to the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline">Revenue from crypto miners sales</span></i></span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During the year ended October 31, 2022, the Company acted as an agent in facilitating the sales of crypto miners, produced by a third-party manufacturer, to customers of the Company. Revenue for the sale of crypto miners was recognized when the miners were delivered to the customers and the customers completed the inspection of the miners. Management assessed the Company’s contracts with the third-party manufacturer and customers in consideration of ASC 606, “Revenue from Contracts with Customers”, and determined the Company as the agent in said transactions. As such, the company recognized crypto miner sales net of costs. For the year ended October 31, 2022, Cost of goods sold for minor purchases, netted by the gross sales was $35,580,995</span><span style="background-color: white">. $7,401,171 of deferred revenues are related to deposits for crypto miners.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline">Revenue from educational institution program</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Revenue for educational institution fees is recognized when the services are provided to the customer. Cash receipts for undelivered products are recorded as deferred revenues. As of October 31, 2022, the Company had no deferred revenues related to the educational institution program.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | |
CY2022 | WDSP |
Recognizedrevenue
Recognizedrevenue
|
<p id="xdx_890_ecustom--Recognizedrevenue_zk0bC7rlbeFi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following table summarizes our <span id="xdx_8BE_zS6CqPZSWzGd">revenue recognized under ASC 606 in our consolidated statements of operations</span>:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="6" style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year Ended</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="6" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>October 31,</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="3" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Revenues</b> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product sales </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,043,637</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,637,104</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product sales – related party</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,879</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Crypto miners sales, net</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,917,287</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Program for educational institution</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">33,541</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">38,606</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">437,997</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">138,106</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Revenue Under ASC 606</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,440,341</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,813,816</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Revenue Under ASC 606</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,440,341</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,813,816</span></td></tr> <tr style="background-color: White"> <td style="width: 47%"> </td> <td style="width: 3%"> </td> <td style="width: 3%"> </td> <td style="width: 2%"> </td> <td style="width: 16%"> </td> <td style="width: 8%"> </td> <td style="width: 10%"> </td> <td style="width: 11%"> </td></tr> </table> | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5836065 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2583218 | usd |
CY2022Q4 | WDSP |
Accountsreceivablefromcustomers
Accountsreceivablefromcustomers
|
1847068 | usd |
CY2021Q4 | WDSP |
Accountsreceivablefromcustomers
Accountsreceivablefromcustomers
|
4724 | usd |
CY2022 | WDSP |
Advancepaymentsundeliveredproducts
Advancepaymentsundeliveredproducts
|
<p id="xdx_89F_ecustom--Advancepaymentsundeliveredproducts_zTttqTe6LkN1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">A<span id="xdx_8B1_zXjZzk6OCbtk">dvance payments are comprised of the payments for the undelivered products and other deliverables</span></span><span style="background-color: white">. As of October 31, 2022 and October 31, 2021, the Company had advance payments and other prepaid expenses of $16,389,562 and $3,035,135, respectively. Details of the advance payments as of October 31, 2022 and October 31, 2021 are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 64%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; width: 17%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">October 31, 2022</span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; width: 17%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">October 31, 2021</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase of products from G-Force Inc.</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">101,158</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,343,700</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase of products from Radio Maker</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">325,441</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase of products from Solar Samba</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">119,395</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase of parts from Bluish Co., Ltd</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">21,360</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase of parts from Team M</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">37,097</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">48,246</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase of parts from Wise Partners Co., Ltd</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">228,785</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase of parts from Rogyx Co., Ltd</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">31,161</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase of cryptocurrency miners from Cellessence Corp.</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15,915,311</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other advances and prepaid expenses </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">76,050</span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">176,993</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Totals</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,389,562</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,035,135</span></td></tr> </table> | |
CY2022 | WDSP |
Cashpaidforassetsperiod
Cashpaidforassetsperiod
|
227180 | usd |
CY2021 | WDSP |
Variousfixedassetsperiod
Variousfixedassetsperiod
|
177526 | usd |
CY2022Q4 | WDSP |
Deferredrevenuesasof
Deferredrevenuesasof
|
7401171 | usd |
CY2021Q4 | WDSP |
Deferredrevenuesasof
Deferredrevenuesasof
|
1476492 | usd |
CY2022 | WDSP |
Incometaxexpensesperiod
Incometaxexpensesperiod
|
4924878 | usd |
CY2021Q4 | WDSP |
Incometaxexpenses
Incometaxexpenses
|
1333338 | usd |
CY2021 | WDSP |
Incometaxexpensesperiod
Incometaxexpensesperiod
|
1333338 | usd |
CY2022Q4 | WDSP |
Incometaxpayable
Incometaxpayable
|
3329572 | usd |
CY2021Q4 | WDSP |
Incometaxpayable
Incometaxpayable
|
325693 | usd |
CY2022 | WDSP |
Leaseinformation
Leaseinformation
|
<p id="xdx_892_ecustom--Leaseinformation_zd5q5drBB1sc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><span id="xdx_8B7_zz99znjy1PW1">The tables below present financial information associated with our leases</span>. As noted above, we adopted Topic 842 using a transition method that does not require application to periods prior to adoption.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"/> <td colspan="2" style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Balance Sheet Classification</b></span></td> <td colspan="2" style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>October 31, 2022</b></span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>October 31, 2021</b></span></td></tr> <tr> <td style="white-space: nowrap; width: 58%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; width: 9%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; width: 1%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; width: 12%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; width: 2%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; width: 18%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right-of-use assets</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease asset long</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">705,007</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">406,816</span></td></tr> <tr> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Current lease liabilities</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 4.95pt; padding-left: 4.95pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Short-term lease liability</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">231,041</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">219,892</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-current lease liabilities</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease liability long term</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">520,002</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">219,474</span></td></tr> <tr> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Maturities of lease liabilities as of October 31, 2022 are as follows:</b></span></td> <td colspan="5" style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt"> </td></tr> <tr> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2023</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">231,041</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="background-color: White"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">69,464</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">52,120</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="background-color: White"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2026 and beyond</span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">398,418</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">751,043</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="background-color: White"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Add(Less): Imputed interest</span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(232,304)</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Present value of lease liabilities</span></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">518,739</span></td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> </table> | |
CY2022 | WDSP |
Accruedexpensesandotherpayablestable
Accruedexpensesandotherpayablestable
|
<p id="xdx_891_ecustom--Accruedexpensesandotherpayablestable_zgkjyV5ce331" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><span id="xdx_8B0_zYMMpXNAnzx3">Accrued expenses and other payables</span> are comprised of trade accounts payable, accrued payroll tax liabilities and accrued expenses As of October 31, 2022 and October 31, 2021, the Company had accrued expenses and other payables of $<span id="xdx_902_ecustom--Accruedexpensesandotherpayables_iI_c20221031_zMVXK2mjLcrh" title="Accrued Expenses and other Payables">2,453,668</span></span> <span style="background-color: white">and $<span id="xdx_90B_ecustom--Accruedexpensesandotherpayables_iI_c20211031_zZawxvsVEM06" title="Accrued Expenses and other Payables">261,809</span>, respectively. Details of the accrued expenses and other payables as of October 31, 2022 and October 31, 2021 are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 55%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; width: 2%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; width: 21%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">October 31, 2022</span></td> <td style="border-bottom: black 1pt solid; width: 2%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; width: 2%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="border-bottom: black 1pt solid; width: 18%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">October 31, 2021</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts payable, trade</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,383,161</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">130,393</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts payable for employees</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">54,879</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> 90,922</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accrued payroll liabilities</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15,628</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: MS Mincho; font-size: 10pt"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">40,494</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Totals</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,453,668</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">261,809</span></td></tr> </table> | |
CY2022Q4 | WDSP |
Accruedexpensesandotherpayables
Accruedexpensesandotherpayables
|
2453668 | usd |
CY2021Q4 | WDSP |
Accruedexpensesandotherpayables
Accruedexpensesandotherpayables
|
261809 | usd |