Innovative Designs (IVDN) 10-Q 15 Mar 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jan. 31, 2022	Mar. 07, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jan. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
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	false
Entity Common Stock, Shares Outstanding		34,215,560

CONDENSED BALANCE SHEETS (UNAUD

CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
CURRENT ASSETS
Cash	$ 289,925	$ 480,451
Accounts receivable - net of allowance for doubtful accounts of $5,860	9,483	1,201
Inventory - net of obsolete inventory reserve of $75,468	548,274	542,588
Right of use asset - operating lease	30,931	40,962
Total current assets	878,613	1,065,202
PROPERTY AND EQUIPMENT - NET	7,077	7,450
OTHER ASSETS
Inventory on consignment	1,625	1,625
Deposits on inventory	30,000
Advance to employees	8,200	8,200
Deposits on equipment	600,000	600,000
Total other assets	639,825	609,825
TOTAL ASSETS	1,525,515	1,682,477
CURRENT LIABILITIES
Accounts payable	238,339	228,667
Current portion of notes payable	18,628	18,628
Accrued interest expense	39,747	43,136
Due to stockholders	178,631	188,632
Operating lease liability	30,931	40,962
Accrued expenses	9,529	25,037
Total current liabilities	515,805	545,062
LONG-TERM LIABILITIES
Long-term portion of due to stockholders	66,667	133,332
Long-term portion of notes payable	71,722	71,722
Total long-term liabilities	138,389	205,054
TOTAL LIABILITIES	654,194	750,116
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 33,705,560 and 33,315,560 issued and outstanding	3,372	3,333
Additional paid-in capital	11,110,079	11,039,118
Accumulated deficit	(10,242,130)	(10,110,090)
Total stockholders' equity	871,321	932,361
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,525,515	$ 1,682,477

CONDENSED BALANCE SHEETS (UNA_2

CONDENSED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 5,860	$ 5,860
Inventory obsolete reserve	$ 75,468	$ 75,468
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	25,000,000	25,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized	100,800,000	100,800,000
Common stock, issued	33,705,560	33,315,560
Common stock, outstanding	33,705,560	33,315,560

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Income Statement [Abstract]
REVENUES - NET	$ 62,400	$ 40,017
OPERATING EXPENSES:
Cost of sales	32,346	18,635
Selling, general and administrative expenses	150,618	81,210
Total Operating Expenses	182,964	99,845
LOSS FROM OPERATIONS	(120,564)	(59,828)
OTHER INCOME (EXPENSE)
Miscellaneous income (expense)	0	28,823
Interest expense	(11,476)	(4,960)
Total other income (expense)	(11,476)	23,863
NET LOSS	$ (132,040)	$ (35,965)
PER SHARE INFORMATION - BASIC
Net Loss Per Common Share	$ (0.004)	$ (0.001)
Weighted Average Number of Common Shares Outstanding	33,510,560	31,261,560
PER SHARE INFORMATION - DILUTED
Net Loss Per Common Share	$ (0.004)	$ (0.001)
Weighted Average Number of Common Shares Outstanding	34,884,560	31,381,560

CONDENSED STATEMENTS OF CHANGES

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDER'S 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, 2020	$ 3,123		$ 10,574,828	$ (9,730,028)	$ 847,923
Beginning Balance, Shares at Oct. 31, 2020	31,211,560
Sale of stock	$ 10		24,990		25,000
Sale of stock, shares	100,000
Net loss				(35,965)	(35,965)
Ending balance, value at Jan. 31, 2021	$ 3,133		10,599,818	(9,765,993)	836,958
Ending Balance, Shares at Jan. 31, 2021	31,311,560
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
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 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

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (132,040)	$ (35,965)
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services	10,000	25,000
Depreciation	373	8,327
Amortization of right of use asset	10,031	9,495
Increase (decrease) from changes in:
Accounts receivable	(8,282)	(8,698)
Inventory	(5,686)	14,777
Deposits on inventory	(30,000)	0
Accounts payable	9,672	(36,500)
Lease liability	(10,031)	(9,495)
Accrued interest expense	(3,389)	(3,840)
Accrued expenses	(15,508)	0
Net cash used in operating activities	(174,860)	(36,899)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of stock	61,000	0
Proceeds from stockholder advances	0	200,000
Payments on stockholder advances	(76,666)	0
Payments on notes payable	0	(1,819)
Net cash provided by financing activities	(15,666)	198,181
Net change in cash	(190,526)	161,282
CASH, BEGINNING OF PERIOD	480,451	48,009
CASH, END OF THE PERIOD	289,925	209,291
Supplemental disclosure of cash flow information:
Cash paid during period for interest	14,865	9,800
Cash paid during period for taxes	$ 0	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 1. BASIS OF PRESENTATION In the opinion of management, the accompanying unaudited condensed financial statements contain all adjustments necessary to present fairly Innovative Designs, Inc.’s financial position as of January 31, 2022, the changes therein for the three periods then ended and the results of operations for the three periods ended January, 2022 and 2021. The condensed financial statements included in the Form 10-Q are presented in accordance with the requirements of the Form and do not include all of the disclosures required by accounting principles generally accepted in the United States of America. For additional information, reference is made to the Innovative Designs, Inc.’s annual report on Form 10-K for the fiscal year ended October 31, 2021. The results of operations for the three periods ended January, 2022 and 2021 are not necessarily indicative of operating results for the full year.

RIGHT OF USE ASSETS AND LEASE L

RIGHT OF USE ASSETS AND LEASE LIABILITIES	3 Months Ended
	Jan. 31, 2022
Right Of Use Assets And Lease Liabilities
RIGHT OF USE ASSETS AND LEASE LIABILITIES	NOTE 2. RIGHT OF USE ASSETS AND LEASE LIABILITIES During the quarter ended April 30, 2019, the Company implemented Accounting Standards Update 2016-02, Leases. Under the new guidance, a lessee must be recorded a liability for lease payments (referred to as the lease liability) and an asset for the right to use the leased asset during the lease term (referred to at the right of use asset) for all leases, regardless of whether they are designated as finance or operating leases. This election requires the lessee to recognize lease expense on a straight-line basis over the lease term. The right of use assets and corresponding right of use liabilities have been recorded using the present value of the leases. See Notes 11 and 12 within the condensed financial statements for additional disclosure on leases.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3. GOING CONCERN These condensed financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company had a net loss of ($ 132,040 174,860 10,242,130

ACCOUNTS RECEIVABLE AND ALLOWAN

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS	3 Months Ended
	Jan. 31, 2022
Receivables [Abstract]
ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS	NOTE 4. ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS Management 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 of $ 5,860

INVENTORY

INVENTORY	3 Months Ended
	Jan. 31, 2022
Inventory Disclosure [Abstract]
INVENTORY	NOTE 5. INVENTORY Inventory consists principally of purchased apparel inventory and House Wrap which is manufactured by the Company. Inventory is stated at the lower of cost or net realizable value on a first-in, first-out basis. The Company has discontinued the manufacturing of its hunting and swimming line of apparel. The Company has booked a reserve against apparel inventory at January 31, 2022 and October 31, 2021 of $ 75,468

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Jan. 31, 2022
PER SHARE INFORMATION - DILUTED
EARNINGS PER SHARE	NOTE 6. EARNINGS PER SHARE The Company calculates net income (loss) per share in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) Topic 260 ”Earnings per Share” 1,254,000 240,000

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jan. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 7. INCOME TAXES The Company accounts for income taxes in accordance with 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 and tax credit carryforwards available to offset future taxable income. Changes in enacted tax rates or laws result in adjustments to recorded deferred tax assets and liabilities in the periods in which the tax laws are enacted or tax rates are changed. The Company will continue to evaluate its income tax obligation throughout the year and will record a tax provision when it is necessary.

SHIPPING AND HANDLING COSTS

SHIPPING AND HANDLING COSTS	3 Months Ended
	Jan. 31, 2022
Shipping And Handling Costs
SHIPPING AND HANDLING COSTS	NOTE 8. SHIPPING AND HANDLING COSTS The Company pays shipping and handling costs on behalf of customers for purchased apparel merchandise. These costs are billed back to the customer through the billing invoice. The shipping and handling costs associated with merchandise ordered by the Company are included as part of inventory as these costs are allocated across the merchandise received. With House Wrap orders, the customer pays the shipping cost. The shipping and handling costs associated with customer orders was approximately $ 8,647 3,007

COMMON STOCK

COMMON STOCK	3 Months Ended
	Jan. 31, 2022
Equity [Abstract]
COMMON STOCK	NOTE 9. COMMON STOCK During the three month period ended January 31, 2022, the Company sold 340,000 61,000 50,000 0.17 0.25 During the three month period ended January 31, 2021, the Company sold 100,000 25,000 .25

DEPOSITS ON EQUIPMENT

DEPOSITS ON EQUIPMENT	3 Months Ended
	Jan. 31, 2022
Deposits On Equipment
DEPOSITS ON EQUIPMENT	NOTE 10. 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 which was to be paid in four installments. The first installment of $300,000 was to be paid at the execution of the agreement. The second installment of $200,000 was to be paid when the machinery and equipment is ready to be shipped to the United States. The third installment of $100,000 is to be paid 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 17,000 17,000

RIGHT OF USE ASSETS _ OPERATING

RIGHT OF USE ASSETS – OPERATING LEASE	3 Months Ended
	Jan. 31, 2022
Right Of Use Assets Operating Lease
RIGHT OF USE ASSETS – OPERATING LEASE	NOTE 11. RIGHT OF USE ASSETS – OPERATING LEASE The Company entered into a month to month verbal lease at the time the Company was formed that is classified as right of use asset and lease liability. The lease for the Company’s office space is estimated to be through June 2022. In accordance with ASU 2016-02, the Company calculated the present value of the leases using the average commercial real estate interest rate of 5.50 150,496 As of January 31, 2022, the right of use assets associated with future operating lease is as follows: Right of use assets associated with future operating leases Total present value of right of use asset under lease agreement $ 150,496 Amortization of right of use asset – operating lease (119,565 ) Total right of use asset – operating lease as of January 31, 2022 $ 30,931 Less current portion due within one year 30,931 Long-term right of use asset – operating lease $ - 0 Total amortization expense related to the right of use assets under the verbal lease agreement was $ 10,031 9,495 Future amortization of the right of use asset as of January 31, 2022 is as follows: Future amortization of right of use assets 2022 $ 30,931

OPERATING LEASE LIABILITY

OPERATING LEASE LIABILITY	3 Months Ended
	Jan. 31, 2022
Operating Lease Liability
OPERATING LEASE LIABILITY	NOTE 12. OPERATING LEASE LIABILITY As disclosed in Note 11, the Company entered into a verbal lease for office space prior to the quarter ended January 31, 2020 that is classified as a right of use asset and lease liability. As of January 31, 2022, the lease liability associated with future payments due under the verbal lease is as follows: Schedule of future minimum lease payments Total future minimum lease payments $ 150,496 Principal payments made as of the period ended January 31, 2022 (119,565 ) Total operating lease liability as of January 31, 2022 30,931 Less current portion due within one year 30,931 Long-term operating lease liability $ - 0 Total maturities of lease liability as of January 31, 2022 are as follows: Schedule of maturities of lease liabilities Total future minimum lease payments Present value discount Operating lease liability 2022 $ 31,500 $ 569 $ 30,931

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 13. SEGMENT INFORMATION We have organized our operations into 2 The following tables present our business segment information for the three month periods ended January 31, 2022 and 2021: Schedule of business segment information 2022 2021 Revenues: Apparel $ 45,272 $ 33,937 House Wrap 17,128 6,080 Total Revenues $ 62,400 $ 40,017 Assets:tc Apparel $ 134,245 $ 140,857 House Wrap 1,391,270 1,453,297 Total $ 1,525,515 $ 1,594,154 Depreciation: Apparel $ - 0 2,372 House Wrap 373 5,955 Total $ 373 $ 8,327

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	3 Months Ended
	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
LEGAL PROCEEDINGS	NOTE 14. LEGAL PROCEEDINGS On November 4, 2016, the FTC filed a complaint against the Company in the U.S. District Court Western District of Pennsylvania, Case number 16-1669. In the complaint, the FTC alleges that, among other matters, the Company did not have substantiation of claims made by the Company regarding the R value and energy efficiency of its INSULTEX House Wrap products. The complaint asks as to redress a rescission of revenue the Company received from the sale of House Wrap and a permanent injunction. On September 24, 2020, a judgment was entered in favor of the Company as to all claims set forth in the FTC complaint. It was further ordered that as there were no remaining claims in the action the case shall be marked as closed. On November 23, 2020, the Company was informed that the FTC had filed a notice of appeal in regard to the case. The appeal is from the District Court’s September 24, 2020, Order granting the Company’s Motion for Judgment on Partial Findings Pursuant to Fed. R. Civ. P. 52(c) and subsequent Judgment in favor of the Company and from the District Court’s February 14, 2020, striking Dr. David Yarbrough’s expert testimony made on behalf of the FTC. The FTC filed its appeal and on March 24, 2021, the Company filed its answer. On July 22, 2021, the Registrant was informed that the United States 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 Federal Trade Commission 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 regarding the R-value and energy efficiency of its INSULTIX House Wrap products. 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. The Company is seeking from the FTC all attorney’s fees, expenses and costs the Company incurred and/or will incur in connection with the litigation. The matter is proceeding to mediation.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 15. SUBSEQUENT EVENTS The Company has evaluated subsequent events in accordance with ASC Topic 855, “ Subsequent Events On February 11, 2022, the Company issued 60,000

RIGHT OF USE ASSETS _ OPERATI_2

RIGHT OF USE ASSETS – OPERATING LEASE (Tables)	3 Months Ended
	Jan. 31, 2022
Right Of Use Assets Operating Lease
Right of use assets associated with future operating leases	Right of use assets associated with future operating leases Total present value of right of use asset under lease agreement $ 150,496 Amortization of right of use asset – operating lease (119,565 ) Total right of use asset – operating lease as of January 31, 2022 $ 30,931 Less current portion due within one year 30,931 Long-term right of use asset – operating lease $ - 0
Future amortization of right of use assets	Future amortization of right of use assets 2022 $ 30,931

OPERATING LEASE LIABILITY (Tabl

OPERATING LEASE LIABILITY (Tables)	3 Months Ended
	Jan. 31, 2022
Operating Lease Liability
Schedule of future minimum lease payments	Schedule of future minimum lease payments Total future minimum lease payments $ 150,496 Principal payments made as of the period ended January 31, 2022 (119,565 ) Total operating lease liability as of January 31, 2022 30,931 Less current portion due within one year 30,931 Long-term operating lease liability $ - 0
Schedule of maturities of lease liabilities	Schedule of maturities of lease liabilities Total future minimum lease payments Present value discount Operating lease liability 2022 $ 31,500 $ 569 $ 30,931

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
Schedule of business segment information	Schedule of business segment information 2022 2021 Revenues: Apparel $ 45,272 $ 33,937 House Wrap 17,128 6,080 Total Revenues $ 62,400 $ 40,017 Assets:tc Apparel $ 134,245 $ 140,857 House Wrap 1,391,270 1,453,297 Total $ 1,525,515 $ 1,594,154 Depreciation: Apparel $ - 0 2,372 House Wrap 373 5,955 Total $ 373 $ 8,327

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 132,040	$ 35,965
Net Cash Provided by (Used in) Operating Activities	174,860	$ 36,899
Accumulated deficit	$ 10,242,130		$ 10,110,090

ACCOUNTS RECEIVABLE AND ALLOW_2

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS (Details Narrative) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
Receivables [Abstract]
Allowance for doubtful accounts	$ 5,860	$ 5,860

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
Inventory Disclosure [Abstract]
Inventory Valuation Reserves	$ 75,468	$ 75,468

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
PER SHARE INFORMATION - DILUTED
Stock of warrants	$ 1,254,000	$ 240,000

SHIPPING AND HANDLING COSTS (De

SHIPPING AND HANDLING COSTS (Details Narrative) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Shipping And Handling Costs
Shipping and handling costs	$ 8,647	$ 3,007

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Proceeds from Issuance of Common Stock	$ 61,000	$ 25,000
Five Investors [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of shares issued during the period	340,000
Five Investors [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Share price (in dollars per share)	$ 0.17
Five Investors [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Share price (in dollars per share)	$ 0.25
One Investors [Member]
Defined Benefit Plan Disclosure [Line Items]
Proceeds from Issuance of Common Stock	$ 50,000
Share price (in dollars per share)		$ 0.25
One Investor [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of shares issued during the period		100,000

DEPOSITS ON EQUIPMENT (Details

DEPOSITS ON EQUIPMENT (Details Narrative) - USD ($)	Jul. 12, 2015	Jan. 31, 2022	Apr. 30, 2019
Deposits On Equipment
Description of assets contract	The purchase price is $700,000 which was to be paid in four installments. The first installment of $300,000 was to be paid at the execution of the agreement. The second installment of $200,000 was to be paid when the machinery and equipment is ready to be shipped to the United States. The third installment of $100,000 is to be paid 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.
Deposits on equipment		$ 500,000
Advanced payment on machine		100,000
Shipping, site improvements and installation of the equipment expenses		$ 17,000
Loss on impairment			$ 17,000

RIGHT OF USE ASSETS (Details)

RIGHT OF USE ASSETS (Details) - USD ($)	3 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Right Of Use Assets Operating Lease
Total present value of right of use assets under lease agreements	$ 150,496
Amortization of right of use assets	(119,565)
Total right of use assets	30,931	$ 40,962
Less current portion due within one year	30,931
Long-term right of use asset	$ 0

RIGHT OF USE ASSETS (Details 1)

RIGHT OF USE ASSETS (Details 1)	Jan. 31, 2022USD ($)
Right Of Use Assets Operating Lease
2022	$ 30,931

RIGHT OF USE ASSETS _ OPERATI_3

RIGHT OF USE ASSETS – OPERATING LEASE (Details Narrative) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Apr. 30, 2020
Right Of Use Assets Operating Lease
Average commercial real estate interest rate	5.50%
Total present value of right of use assets under lease agreements			$ 150,496
Amortization Expense	$ 10,031	$ 9,495

OPERATING LEASE LIABILITY (Deta

OPERATING LEASE LIABILITY (Details)	Jan. 31, 2022USD ($)
Operating Lease Liability
Total future minimum lease payments	$ 150,496
Principal payments made as of the period	(119,565)
Total right of use lease liability as of April 30, 2021	30,931
Less current portion due within one year	30,931
Long-term operating lease liability	$ 0

OPERATING LEASE LIABILITY (De_2

OPERATING LEASE LIABILITY (Details 1) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
Operating Lease Liability
Total future minimum lease payments	$ 31,500
Present value discount	569
Operating lease liability	$ 30,931	$ 40,962

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Segment Reporting Information [Line Items]
Total Revenues	$ 62,400	$ 40,017
Total Assets	1,525,515	1,594,154
Total Depreciation	373	8,327
Apparel Segment [Member]
Segment Reporting Information [Line Items]
Total Revenues	45,272	33,937
Total Assets	134,245	140,857
Total Depreciation	0	2,372
Housewrap Segment [Member]
Segment Reporting Information [Line Items]
Total Revenues	17,128	6,080
Total Assets	1,391,270	1,453,297
Total Depreciation	$ 373	$ 5,955

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative)	3 Months Ended
	Jan. 31, 2022Integer
Segment Reporting [Abstract]
Number of reportable segments	2

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	Feb. 11, 2022USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Issuance of investor shares	$ 60,000