v3.25.4
FAIR VALUE MEASUREMENT (Tables)
12 Months Ended
Oct. 31, 2025
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE ON FINANCIAL LIABILITIES

As of October 31, 2025 and 2024, the estimated fair values of the Company’s financial liabilities, measured on a recurring basis, are presented in the following table:

 

   October 31, 2025 
2023 Series Convertible Notes Payable - Stock Settled - Derivative/Warrant Liability  $4,122 
2023 Series B Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   53,442 
2024 Series Senior Secured Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   66,032 
2025 Series Senior Secured Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   5,448,146 
Total  $5,571,742 

 

   October 31, 2024 
2023 Series Convertible Notes Payable - Stock Settled - Derivative/Warrant Liability  $9,024 
2023 Series B Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   116,982 
2024 Series Senior Secured Convertible Notes Payable – Stock Settled – Derivative/Warrant Liability   154,966 
Total  $280,972 
SCHEDULE OF FAIR VALUE DERIVATIVE LIABILITIES ON RECURRING BASIS

The following table presents a roll-forward of the fair value of the derivative liabilities associated with the Company’s warrants included with its 2025 Series Senior Secured Convertible Notes Payable, its 2024 Series Senior Secured Convertible Notes Payable and its 2023 Series Convertible Notes Payable, categorized as Level 3:

 

  

Year Ended

October 31, 2025

  

Year Ended

October 31, 2024

 
Beginning Balance  $280,972   $893,263 
Additions   5,783,825    3,159,788 
Subtractions   -    (990,719)
Total gains (realized/unrealized)   (493,055)   (2,781,360)
Ending Balance  $5,571,742   $280,972 
SCHEDULE OF FAIR VALUE DERIVATIVE LIABILITIES ON WARRANTS GRANTED

The fair value of the warrants granted in connection with the 2023 Series Convertible Notes Payable, the 2024 Series Senior Secured Convertible Notes Payable - Stock Settled and the 2025 Series Senior Secured Convertible Notes Payable – Stock Settled during the periods presented was estimated using the Black-Scholes option-pricing model with the following assumptions at October 31, 2025 and 2024:

 

   October 31, 2025    October 31, 2024 
Risk-free interest rate   3.61%-4.36%    4.15%
Dividend yield   0.00%    0.00%
Volatility factor   129.58% - 136.33%    130.13%
Weighted average expected life (years)   1.5 - 2.5     2.5