Cover
Cover - shares | 9 Months Ended | |
Jul. 31, 2023 | Sep. 22, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jul. 31, 2023 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --10-31 | |
Entity File Number | 000-51791 | |
Entity Registrant Name | INNOVATIVE DESIGNS, INC. | |
Entity Central Index Key | 0001190370 | |
Entity Tax Identification Number | 03-0465528 | |
Entity Incorporation, State or Country Code | DE | |
Entity Address, Address Line One | 124 Cherry Street | |
Entity Address, City or Town | Pittsburgh | |
Entity Address, State or Province | PA | |
Entity Address, Postal Zip Code | 15223 | |
City Area Code | (412) | |
Local Phone Number | 799-0350 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 36,417,560 |
CONDENSED BALANCE SHEETS (UNAUD
CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
CURRENT ASSETS: | ||
Cash | $ 178,817 | $ 263,293 |
Accounts receivable, net | 82 | 11,203 |
Inventory, net | 588,874 | 494,580 |
Total current assets | 767,773 | 769,076 |
PROPERTY AND EQUIPMENT, net | 24,247 | 5,960 |
OTHER ASSETS: | ||
Inventory on consignment | 0 | 1,625 |
Deposits on inventory | 0 | 80,000 |
Advance to employees | 13,200 | 13,200 |
Deposits on equipment | 719,944 | 607,370 |
Total other assets | 733,144 | 702,195 |
TOTAL | 1,525,164 | 1,477,231 |
CURRENT LIABILITIES: | ||
Accounts payable | 275,487 | 162,063 |
Current portion of note payable | 20,265 | 20,128 |
Accrued interest of stockholder loans | 54,073 | 46,345 |
Current portion of stockholder loans | 71,668 | 110,631 |
Accrued expenses | 3,778 | 3,778 |
Total current liabilities | 425,271 | 342,945 |
LONG-TERM LIABILITIES: | ||
Long-term portion of note payable | 49,530 | 64,547 |
Long-term portion of stockholder loans | 0 | 66,667 |
Total long-term liabilities | 49,530 | 131,214 |
STOCKHOLDERS’ EQUITY: | ||
Preferred stock, $0.0001 par value, 25,000,000 shares authorized | 0 | 0 |
Common stock, $0.0001 par value, 100,800,000 shares authorized, and 36,092,560 and 34,650,560 issued and outstanding | 3,612 | 3,467 |
Common stock to be issued | ||
Additional paid-in capital | 11,637,980 | 11,335,184 |
Accumulated deficit | (10,591,228) | (10,335,579) |
Total stockholders’ equity | 1,050,363 | 1,003,072 |
TOTAL | $ 1,525,164 | $ 1,477,231 |
CONDENSED BALANCE SHEETS (UNA_2
CONDENSED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares | Jul. 31, 2023 | Oct. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Preferred stock par value | $ 0.0001 | $ 0.0001 |
Preferred stock authorized | 25,000,000 | 25,000,000 |
Common stock par value | $ 0.0001 | $ 0.0001 |
Common stock authorized | 100,800,000 | 100,800,000 |
Common stock issued | 36,092,560 | 34,650,560 |
Common stock outstanding | 36,092,560 | 34,650,560 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Income Statement [Abstract] | ||||
REVENUES, net | $ 124,650 | $ 135,048 | $ 223,546 | $ 235,164 |
OPERATING EXPENSES: | ||||
Cost of sales | 76,480 | 56,224 | 106,839 | 109,884 |
Selling, general and administrative expenses | 124,944 | 115,384 | 359,917 | 545,212 |
Total operating expenses | 201,424 | 171,608 | 466,756 | 655,096 |
Income (loss) from operations | (76,774) | (36,560) | (243,210) | (419,932) |
OTHER INCOME (EXPENSE): | ||||
Miscellaneous income (expense) | 0 | 260,000 | 7,519 | 260,000 |
Interest expense | (6,421) | (10,710) | (17,652) | (34,450) |
Depreciation | (769) | (373) | (2,306) | (1,118) |
Total other income (expense) | (7,190) | 248,917 | (12,439) | 224,432 |
Net income (loss) | $ (83,964) | $ 212,357 | $ (255,649) | $ (195,500) |
PER SHARE INFORMATION - UNDILUTED: | ||||
Net income (loss) per common share | $ (0.002) | $ 0.006 | $ (0.007) | $ (0.006) |
Weighted average number of common shares outstanding | 35,656,821 | 33,845,560 | 35,339,663 | 33,845,560 |
PER SHARE INFORMATION - DILUTED: | ||||
Net income (loss) per common share | $ (0.002) | $ 0.006 | $ (0.007) | $ (0.006) |
Weighted average number of common shares outstanding | 36,633,430 | 34,902,893 | 36,153,406 | 34,902,893 |
CONDENSED STATEMENTS OF CHANGES
CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) | Common Stock [Member] | Common Stock To Be Issued [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Oct. 31, 2021 | $ 3,333 | $ 11,039,118 | $ (10,110,090) | $ 932,361 | |
Beginning balance, shares at Oct. 31, 2021 | 33,315,560 | ||||
Sale of stock | $ 34 | 60,966 | 61,000 | ||
Sale of stock, shares | 340,000 | ||||
Shares issued for services | $ 5 | 9,995 | 10,000 | ||
Shares issued for services, shares | 50,000 | ||||
Net income (loss) | (132,040) | (132,040) | |||
Ending balance, value at Jan. 31, 2022 | $ 3,372 | 11,110,079 | (10,242,130) | 871,321 | |
Ending balance, shares at Jan. 31, 2022 | 33,705,560 | ||||
Beginning balance, value at Oct. 31, 2021 | $ 3,333 | 11,039,118 | (10,110,090) | 932,361 | |
Beginning balance, shares at Oct. 31, 2021 | 33,315,560 | ||||
Ending balance, value at Jul. 31, 2022 | $ 3,454 | 11,310,197 | (10,305,589) | 1,008,062 | |
Ending balance, shares at Jul. 31, 2022 | 34,525,560 | ||||
Beginning balance, value at Jan. 31, 2022 | $ 3,372 | 11,110,079 | (10,242,130) | 871,321 | |
Beginning balance, shares at Jan. 31, 2022 | 33,705,560 | ||||
Sale of stock | $ 12 | 25,188 | 25,200 | ||
Sale of stock, shares | 120,000 | ||||
Shares issued for services | $ 70 | 174,930 | 175,000 | ||
Shares issued for services, shares | 700,000 | ||||
Net income (loss) | (275,816) | (275,816) | |||
Ending balance, value at Apr. 30, 2022 | $ 3,454 | 11,310,197 | (10,517,946) | 795,705 | |
Ending balance, shares at Apr. 30, 2022 | 34,525,560 | ||||
Sale of stock | |||||
Shares issued for services | |||||
Net income (loss) | 212,357 | 212,357 | |||
Ending balance, value at Jul. 31, 2022 | $ 3,454 | 11,310,197 | (10,305,589) | 1,008,062 | |
Ending balance, shares at Jul. 31, 2022 | 34,525,560 | ||||
Beginning balance, value at Oct. 31, 2022 | $ 3,467 | 11,335,184 | (10,335,579) | 1,003,072 | |
Beginning balance, shares at Oct. 31, 2022 | 34,650,560 | ||||
Sale of stock | $ 50 | 109,950 | 110,000 | ||
Sale of stock, shares | 500,000 | ||||
Shares issued for services | $ 3 | 5,937 | 5,940 | ||
Shares issued for services, shares | 27,000 | ||||
Net income (loss) | (59,094) | (59,094) | |||
Ending balance, value at Jan. 31, 2023 | $ 3,520 | 11,451,071 | (10,394,673) | 1,059,918 | |
Ending balance, shares at Jan. 31, 2023 | 35,177,560 | ||||
Beginning balance, value at Oct. 31, 2022 | $ 3,467 | 11,335,184 | (10,335,579) | 1,003,072 | |
Beginning balance, shares at Oct. 31, 2022 | 34,650,560 | ||||
Ending balance, value at Jul. 31, 2023 | $ 3,612 | 11,637,980 | (10,591,228) | 1,050,363 | |
Ending balance, shares at Jul. 31, 2023 | 36,092,560 | ||||
Beginning balance, value at Jan. 31, 2023 | $ 3,520 | 11,451,071 | (10,394,673) | 1,059,918 | |
Beginning balance, shares at Jan. 31, 2023 | 35,177,560 | ||||
Sale of stock | |||||
Shares issued for services | |||||
Net income (loss) | (112,591) | (112,591) | |||
Ending balance, value at Apr. 30, 2023 | $ 3,520 | 11,451,071 | (10,507,264) | 947,327 | |
Ending balance, shares at Apr. 30, 2023 | 35,177,560 | ||||
Sale of stock | $ 70 | 140,931 | 141,000 | ||
Sale of stock, shares | 695,000 | ||||
Exercise of warrants | $ 4 | 9,996 | 10,000 | ||
Exercise of warrants, shares | 40,000 | ||||
Shares issued for services | $ 18 | 35,982 | 36,000 | ||
Shares issued for services, shares | 180,000 | ||||
Net income (loss) | (83,964) | (83,964) | |||
Ending balance, value at Jul. 31, 2023 | $ 3,612 | $ 11,637,980 | $ (10,591,228) | $ 1,050,363 | |
Ending balance, shares at Jul. 31, 2023 | 36,092,560 |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) | 9 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income (loss) | $ (255,649) | $ (195,500) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
Bad debt expense | ||
Common stock issued for services | 41,940 | 185,000 |
Depreciation | 2,306 | 1,118 |
Amortization of right of use asset | 30,510 | |
Gain on sale of asset | (7,519) | |
Increase (decrease) from changes in: | ||
Accounts receivable | 11,121 | (8,412) |
Inventory | (92,669) | 11,104 |
Deposits on inventory | 80,000 | (40,000) |
Receivable due | (260,000) | |
Accounts payable and accrued expenses | 113,424 | 45,826 |
Accrued interest expense | 7,728 | (2,640) |
Net cash provided by (used in) operating activities | (99,318) | (232,994) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of equpment | (20,593) | 0 |
Deposits on equipment | (112,574) | (7,370) |
Proceeds from sale of equipment | 7,519 | 0 |
Net cash provided by (used in) investing activities | (125,648) | (7,370) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from sale of stock | 261,000 | 86,200 |
Payments on shareholder advances | (105,630) | (135,667) |
Payments on lease liability | 0 | (30,510) |
Proceeds on notes payable | 1,818 | |
Payments on notes payable | (14,880) | (2,418) |
Net cash provided by (used in) financing activities | 140,490 | (80,577) |
NET INCREASE (DECREASE) IN CASH | (84,476) | (320,941) |
CASH, BEGINNING OF YEAR | 263,293 | 480,451 |
CASH, END OF THE PERIOD | 178,817 | 159,510 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Cash paid for interest | 9,924 | 37,090 |
Non-cash financing activities - common stock issued for services | $ 41,940 | $ 185,000 |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended |
Jul. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
BASIS OF PRESENTATION | 1. BASIS OF PRESENTATION In the opinion of management, the accompanying unaudited financial statements contain all adjustments necessary to present fairly Innovative Designs, Inc.’s (the “Company”) financial position as of July 31, 2023, the changes therein for the three and nine month periods then ended The 10-K year. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Jul. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | 2. GOING CONCERN These financial statements have been prepared on a going concern basis, which implies that the 255,649 84,476 10,591,228 |
ACCOUNTS RECEIVABLE
ACCOUNTS RECEIVABLE | 9 Months Ended |
Jul. 31, 2023 | |
Receivables [Abstract] | |
ACCOUNTS RECEIVABLE | 3. ACCOUNTS RECEIVABLE Accounts receivable are reported at their net realizable value. The Company evaluates its receivables on a quarterly basis to assess the validity of remaining receivables. Management has determined that there is significant doubt regarding the receivable balance over 90 days. There no 5,860 |
OPENING AND CLOSING BALANCE OF
OPENING AND CLOSING BALANCE OF RECEIVABLES | 9 Months Ended |
Jul. 31, 2023 | |
Opening And Closing Balance Of Receivables | |
OPENING AND CLOSING BALANCE OF RECEIVABLES | 4. OPENING AND CLOSING BALANCE OF RECEIVABLES The opening balance of accounts receivable was $ 11,203 5,860 82 |
INVENTORY
INVENTORY | 9 Months Ended |
Jul. 31, 2023 | |
Inventory Disclosure [Abstract] | |
INVENTORY | 5. INVENTORY Inventory consists principally of purchased apparel inventory and house wrap which is manufactured by the Company. Armor, 75,468 inventory. |
WARRANTIES
WARRANTIES | 9 Months Ended |
Jul. 31, 2023 | |
Warranties | |
WARRANTIES | 6. WARRANTIES The Company provides a ten-year limited warranty covering defects in workmanship. These warranties Management has determined that no warranty reserve is currently necessary on the Company’s products. Management will continue to evaluate the need for a warranty reserve throughout the year and make adjustments as needed. |
NOTE PAYABLE
NOTE PAYABLE | 9 Months Ended |
Jul. 31, 2023 | |
Debt Disclosure [Abstract] | |
NOTE PAYABLE | 7. NOTE PAYABLE During 2005, the Company entered into an agreement with the U.S. Small Business Association. The note is payable in monthly installments of $ 1,820 2.60 |
STOCKHOLDER LOANS
STOCKHOLDER LOANS | 9 Months Ended |
Jul. 31, 2023 | |
Stockholder Loans | |
STOCKHOLDER LOANS | 8. STOCKHOLDER LOANS Stockholder Company, 125,741 226,793 10 12 |
REVENUES
REVENUES | 9 Months Ended |
Jul. 31, 2023 | |
Revenue from Contract with Customer [Abstract] | |
REVENUES | 9. REVENUES Revenues are measured based on the amount of consideration specified in a contract with a customer. The Company recognizes revenue when and as performance obligations (i.e., obligations to transfer goods and/or services) are satisfied, which generally occurs with the transfer of control of the goods or services to the customer. To For contracts with multiple performance obligations, the Company allocates the transaction price |
EARNINGS PER SHARE
EARNINGS PER SHARE | 9 Months Ended |
Jul. 31, 2023 | |
Earnings Per Share [Abstract] | |
EARNINGS PER SHARE | 10. EARNINGS PER SHARE The Company calculates net loss per share in accordance with Financial Accounting Standards (“FASB”) Topic “Earnings 954,000 994,000 |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Jul. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | 11. INCOME TAXES The Company accounts for income taxes in accordance with FASB ASC Topic 740 “Income Taxes” Deferred income taxes are provided for differences between the tax bases of assets and liabilities and the financial reporting amounts at the end of the period, and for net operating loss necessary. |
SHIPPING AND HANDLING COSTS
SHIPPING AND HANDLING COSTS | 9 Months Ended |
Jul. 31, 2023 | |
Shipping And Handling Costs | |
SHIPPING AND HANDLING COSTS | 12. SHIPPING AND HANDLING COSTS The 27,070 21,199 |
COMMON STOCK
COMMON STOCK | 9 Months Ended |
Jul. 31, 2023 | |
Equity [Abstract] | |
COMMON STOCK | 13. COMMON STOCK During the nine month period ended July 31, 2023, the Company sold 645,000 131,000 40,000 10,000 230,000 0.20 0.25 During the nine month period ended July 31, 2022, the Company sold 460,000 86,200 750,000 0.17 0.25 |
DEPOSITS ON EQUIPMENT
DEPOSITS ON EQUIPMENT | 9 Months Ended |
Jul. 31, 2023 | |
Deposits On Equipment | |
DEPOSITS ON EQUIPMENT | 14. DEPOSITS ON EQUIPMENT On July 12, 2015, the Company reached an agreement with Ketut Jaya to purchase the machinery and equipment utilized to produce the INSULTEX material. The purchase price is $ 700,000 The first installment of $300,000 is to be made at the execution of the agreement. The second installment of $200,000 is to be made when the machinery and equipment is ready to be shipped to the United States. The third installment of $100,000 is to be made once the machinery and equipment is producing INSULTEX, and the fourth and final installment of $100,000 is to be made after the first commercial production run of INSULTEX is completed 500,000 100,000 INSULTEX. 17,000 17,000 off 10,000 73,000 During the fiscal year ending October 31, 2022, the Company made deposits on a separate piece of equipment of $ 7,370 29,574 36,944 Total deposits made for the three quarters ended July 31, 2023 total $ 112,574 Total 719,944 607,370 |
LEASE
LEASE | 9 Months Ended |
Jul. 31, 2023 | |
Lease | |
LEASE | 15. LEASE FASB Topic “Leases” the liability, 5.50 The Company entered into a lease for office space at the time the Company was formed through June 2022. Effective July 2022, the Company is leasing the office space on a month to month basis. liability. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 9 Months Ended |
Jul. 31, 2023 | |
Segment Reporting [Abstract] | |
SEGMENT INFORMATION | 16. SEGMENT INFORMATION The The Schedule of business segment information 2023 2022 Revenues: Apparel $ 31,105 $ 59,126 House wrap 192,441 176,038 Total revenues $ 223,546 $ 235,164 Assets: Apparel $ 167,822 $ 81,045 House wrap 1,318,342 1,546,171 Total assets $ 1,486,164 1,627,216 Depreciation: Apparel $ — $ — House wrap 2,306 1,118 Total depreciation $ 2,306 $ 1,118 |
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS | 9 Months Ended |
Jul. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
LEGAL PROCEEDINGS | 17. LEGAL PROCEEDINGS On November 4, 2016, the Federal Trade INSULTEX On Civ. P. Dr. Yarbrough’s answer. On July 22, 2021, the Registrant was informed that the U.S. Court of Appeals for the Third District affirmed the District Court’s ruling in favor of the Registrant. The ruling was in connection with the FTC complaint filed against the Registrant in November 2016, alleging, among other matters, that the Registrant did not have substantiation for claims made by the Registrant INSULTEX In November 2021, in connection with the FTC litigation, the Company filed an application for attorney fees, expenses and cost in the U.S. District Court for the Western District of Pennsylvania, Case No.2:16-cv-01669-NBF. On June 29, 2022, a settlement order was signed by the Court. Pursuant to the Order, the FTC paid the Company $ 260,000 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Jul. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | 18. SUBSEQUENT EVENTS The Company has evaluated subsequent events in accordance with ASC Topic “Subsequent |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 9 Months Ended |
Jul. 31, 2023 | |
Segment Reporting [Abstract] | |
Schedule of business segment information | Schedule of business segment information 2023 2022 Revenues: Apparel $ 31,105 $ 59,126 House wrap 192,441 176,038 Total revenues $ 223,546 $ 235,164 Assets: Apparel $ 167,822 $ 81,045 House wrap 1,318,342 1,546,171 Total assets $ 1,486,164 1,627,216 Depreciation: Apparel $ — $ — House wrap 2,306 1,118 Total depreciation $ 2,306 $ 1,118 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | Oct. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Net loss | $ 83,964 | $ (212,357) | $ 255,649 | $ 195,500 | |
Net change in cash | 84,476 | $ 320,941 | |||
Accumulated deficit | $ 10,591,228 | $ 10,591,228 | $ 10,335,579 |
ACCOUNTS RECEIVABLE (Details Na
ACCOUNTS RECEIVABLE (Details Narrative) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
Receivables [Abstract] | ||
Receivable balance | $ 0 | $ 5,860 |
OPENING AND CLOSING BALANCE O_2
OPENING AND CLOSING BALANCE OF RECEIVABLES (Details Narrative) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
Opening And Closing Balance Of Receivables | ||
Accounts receivable | $ 82 | $ 11,203 |
Allowance for doubtful accounts | $ 0 | $ 5,860 |
INVENTORY (Details Narrative)
INVENTORY (Details Narrative) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
Inventory Disclosure [Abstract] | ||
Inventory valuation reserves | $ 75,468 | $ 75,468 |
NOTE PAYABLE (Details Narrative
NOTE PAYABLE (Details Narrative) | Jul. 31, 2023 USD ($) |
Debt Disclosure [Abstract] | |
Note payable | $ 1,820 |
Debt interest rate | 2.60% |
STOCKHOLDER LOANS (Details Narr
STOCKHOLDER LOANS (Details Narrative) - USD ($) | 9 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
Stockholder Loans | ||
Accrued interest totaled | $ 125,741 | $ 226,793 |
Bearing interest percentage | 10% | 12% |
EARNINGS PER SHARE (Details Nar
EARNINGS PER SHARE (Details Narrative) - USD ($) | 9 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
Earnings Per Share [Abstract] | ||
Stock of warrants | $ 954,000 | $ 994,000 |
SHIPPING AND HANDLING COSTS (De
SHIPPING AND HANDLING COSTS (Details Narrative) - USD ($) | 9 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
Shipping And Handling Costs | ||
Shipping and handling costs | $ 27,070 | $ 21,199 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Jul. 31, 2023 | Apr. 30, 2023 | Jan. 31, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Jan. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Proceeds from sale of stock | $ 261,000 | $ 86,200 | ||||||
Proceeds from sale of stock for services | $ 36,000 | $ 5,940 | $ 175,000 | $ 10,000 | ||||
Four Investors [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Number of shares issued | 645,000 | |||||||
Proceeds from sale of stock | $ 131,000 | |||||||
One Investor [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Number of warrants exercised | 40,000 | 40,000 | ||||||
Proceeds from sale of stock for services | $ 10,000 | |||||||
Two Investors [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Proceeds from sale of stock for services | $ 230,000 | |||||||
Two Investors [Member] | Minimum [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Share price | $ 0.20 | $ 0.20 | ||||||
Two Investors [Member] | Maximum [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Share price | $ 0.25 | $ 0.25 | ||||||
Seven Investors [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Number of shares issued | 460,000 | |||||||
Proceeds from sale of stock | $ 86,200 | |||||||
Seven Investors [Member] | Minimum [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Share price | $ 0.17 | $ 0.17 | ||||||
Seven Investors [Member] | Maximum [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Share price | $ 0.25 | $ 0.25 | ||||||
Eight Investors [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Number of shares issued for services | 750,000 |
DEPOSITS ON EQUIPMENT (Details
DEPOSITS ON EQUIPMENT (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Jul. 12, 2015 | Feb. 28, 2023 | Jul. 31, 2023 | Jul. 31, 2022 | Oct. 31, 2022 | Oct. 31, 2019 | Oct. 31, 2018 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||
Shipping and handling costs | $ 27,070 | $ 21,199 | |||||
Deposits on equipment | 112,574 | ||||||
Total deposits on equipment | 719,944 | $ 607,370 | |||||
Separate Piece Of Equipments [Member] | |||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||
Deposits on equipment | 36,944 | $ 7,370 | |||||
Additional deposits on equipment | $ 29,574 | ||||||
Ketut Jaya [Member] | I N S U L T E X Material [Member] | |||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||
Purchase price machinery and equipment | $ 700,000 | $ 500,000 | |||||
Description of purchase price payment terms | The first installment of $300,000 is to be made at the execution of the agreement. The second installment of $200,000 is to be made when the machinery and equipment is ready to be shipped to the United States. The third installment of $100,000 is to be made once the machinery and equipment is producing INSULTEX, and the fourth and final installment of $100,000 is to be made after the first commercial production run of INSULTEX is completed | ||||||
Prepayment for machinery and equipment | 100,000 | ||||||
Additional expenses related to equipment | $ 17,000 | ||||||
Shipping and handling costs | $ 17,000 | ||||||
Additional Preprepayment for machinery and equipment | $ 10,000 | ||||||
Additional installation cost for machinery and equipment | $ 73,000 |
LEASE (Details Narrative)
LEASE (Details Narrative) | 9 Months Ended |
Jul. 31, 2023 | |
Lease | |
Average commercial real estate interest rate | 5.50% |
Lease ROU description | The Company entered into a lease for office space at the time the Company was formed through June 2022. Effective July 2022, the Company is leasing the office space on a month to month basis. |
SEGMENT INFORMATION (Details)
SEGMENT INFORMATION (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Segment Reporting Information [Line Items] | ||||
Total Revenues | $ 223,546 | $ 235,164 | ||
Total Assets | 1,486,164 | 1,627,216 | ||
Total Depreciation | $ 769 | $ 373 | 2,306 | 1,118 |
Apparel [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Total Revenues | 31,105 | 59,126 | ||
Total Assets | 167,822 | 81,045 | ||
Total Depreciation | 0 | 0 | ||
Housewrap [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Total Revenues | 192,441 | 176,038 | ||
Total Assets | 1,318,342 | 1,546,171 | ||
Total Depreciation | $ 2,306 | $ 1,118 |
LEGAL PROCEEDINGS (Details Narr
LEGAL PROCEEDINGS (Details Narrative) | Jun. 29, 2022 USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Payment for settlement | $ 260,000 |