| SCHEDULE OF NET DEFERRED TAX ASSETS FOR FEDERAL AND STATE INCOME TAXES |
Significant
components of the Company’s net deferred tax assets for federal and state income taxes at October 31, 2025 and 2024 consist of
the following:
SCHEDULE
OF NET DEFERRED TAX ASSETS FOR FEDERAL AND STATE INCOME TAXES
| | |
| | |
| |
| | |
Years Ended October 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Net operating loss carryforward | |
$ | 5,286,000 | | |
$ | 4,562,000 | |
| Unrecognized holding gains | |
| (827,000 | ) | |
| (728,000 | ) |
| Accretion of Debt Discounts | |
| 1,573,000 | | |
| 973,000 | |
| Stock compensation | |
| 2,211,000 | | |
| 1,952,000 | |
| Basis of shares in subsidiary | |
| 426,000 | | |
| 439,000 | |
| Capitalized intangible costs | |
| 136,000 | | |
| 127,000 | |
| Loss on Extinguishment of Debt | |
| 904,000 | | |
| - | |
| Accruals and reserves | |
| 131,000 | | |
| 112,000 | |
| Deferred tax assets | |
| 9,840,000 | | |
| 7,437,000 | |
| Valuation allowance | |
| (9,840,000 | ) | |
| (7,437,000 | ) |
| | |
| | | |
| | |
| Effective income tax asset | |
$ | – | | |
$ | – | |
|