RELATED PARTY TRANSACTIONS |
12 Months Ended |
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Oct. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 10 – RELATED PARTY TRANSACTIONS
Accounts Receivable and Revenues
Dr. Zamora, former CEO and 29% stockholder, is also a customer of the Company in his capacity as a practicing physician. As of October 31, 2025 and 2024, Dr. Zamora owed the Company $2,250 and $0, respectively. During the years ended October 31, 2025 and 2024, Dr. Zamora accounted for $36,000, and $33,750 in product sales, respectively. These sales amounts were 2% and 2% of total sales, respectively, for the years ended October 31, 2025 and 2024.
Accounts Payable and Other Accrued Liabilities
The spouse of the Company’s Chief Science Officer, through an entity she controls, leases office and lab space to the Company. As of October 31, 2025 and 2024, the Company owes this entity $0 and $0, respectively, in past due rent. The rental rates charged to the Company are $5,645 per month, with no escalators, and the lease runs through June of 2030.
As of October 31, 2025, the Company owed the Company’s CEO $22,610 in travel expense reimbursements, which is recorded as Accounts Payable – Related Party on the balance sheet, and $970,000 in accrued, but unpaid, bonuses, which is recorded as Accrued Expenses – Related Party on the balance sheet.
Convertible Notes, Debt Discount and Accrued Interest
The principal balance outstanding on the 2021 Series Convertible note to a single note holder amounted to $0 and $480,000 as of October 31, 2025 and 2024, respectively. During the years ended October 31, 2025 and 2024, the Company recorded $0 and $27,875, respectively, in interest expense related to these notes. As of October 31, 2025 and 2024, accrued, but unpaid, interest on these notes was $0 and $81,679, respectively. On January 8, 2025, the Company and the note holder renegotiated this note down to a total due of $225,000. To record the renegotiation of the agreement, the Company recognized a gain on retirement of debt of $343,938, consisting of a reduction of principal of $255,000 and an elimination of accrued interest of $88,938. This note was fully repaid on April 30, 2025.
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