NOTE PAYABLE |
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| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NOTE PAYABLE | NOTE 5. NOTE PAYABLE
In July 2005, the Company was approved for a low interest promissory note from the U.S. Small Business Administration in the amount of $280,100. In January 2006, the Company amended the promissory note to increase the principal balance to $430,500. The note calls for monthly payments of $1,820, bears interest at an annual rate of 2.9%, and matures on July 13, 2035. A payment of $40,672 was made on the note during the fiscal year ended October 31, 2017, due to the sale of real estate by Riccelli Properties that was collateral on the promissory note. On June 4, 2025, a payment was made to finalize the loan and close out the remaining balance.
As of October 31, 2025 and 2024, the note payable had the following balances:
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