Zeo ScientifiX (ZEOX) 10-Q 14 Jun 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Apr. 30, 2024	Jun. 13, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--10-31
Entity File Number	000-55008
Entity Registrant Name	Zeo ScientifiX, Inc.
Entity Central Index Key	0001557376
Entity Tax Identification Number	47-4180540
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	3321 College Avenue
Entity Address, Address Line Two	Suite 246
Entity Address, City or Town	Davie
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33314
City Area Code	888
Local Phone Number	963-7881
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		6,332,419

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Apr. 30, 2024	Oct. 31, 2023
Current Assets
Cash	$ 746,000	$ 1,756,000
Accounts receivable, net of allowance for bad debts	60,000	18,000
Other receivables	12,000	12,000
Prepaid expenses	328,000	106,000
Inventories	272,000	310,000
Total Current Assets	1,418,000	2,202,000
Property and equipment, net	514,000	573,000
Security deposits		7,000
TOTAL ASSETS	1,932,000	2,782,000
Current Liabilities
Accounts payable and accrued expenses	1,934,000	2,612,000
Advances payable to former officer	221,000	221,000
Finance lease obligations	5,000	23,000
Convertible promissory note, net of debt discount of $56,000 and $68,000	669,000	657,000
Deferred revenue	792,000	497,000
Total Current Liabilities	3,621,000	4,010,000
Long term finance lease obligations	11,000	13,000
Total Liabilities	3,632,000	4,023,000
Stockholders’ Deficit
Common stock, $0.001 par value, 2,500,000,000 shares authorized; 6,332,419 and 7,283,483 shares issued and outstanding, respectively	6,000	7,000
Additional paid-in capital	58,241,000	56,260,000
Accumulated deficit	(59,947,000)	(57,508,000)
Total Stockholders’ Deficit	(1,700,000)	(1,241,000)
TOTAL LIABILITIES, SHARES SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’ DEFICIT	1,932,000	2,782,000
Series C Preferred Stock [Member]
Shares Subject To Possible Redemption
Preferred stock value

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Apr. 30, 2024	Oct. 31, 2023
Debt discount net	$ 56,000	$ 68,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	2,500,000,000	2,500,000,000
Common stock, shares issued	6,332,419	7,283,483
Common stock, shares outstanding	6,332,419	7,283,483
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	100	100
Preferred stock, shares issued	100	100
Preferred stock, shares outstanding	100	100

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Income Statement [Abstract]
Revenues (includes sales to related parties of approximately $52,000, $84,000, $82,000, and $109,000, respectively	$ 1,131,000	$ 845,000	$ 2,285,000	$ 1,915,000
Cost of revenues	284,000	108,000	443,000	212,000
Gross profit	847,000	737,000	1,842,000	1,703,000
General and administrative expenses	2,411,000	2,650,000	4,568,000	5,792,000
Loss from operations	(1,564,000)	(1,913,000)	(2,726,000)	(4,089,000)
Other income (expense)
Interest expense	(20,000)	(109,000)	(47,000)	(170,000)
Other income	185,000		334,000
Change in Commitment Fee Shortfall Obligation		31,000		(19,000)
Net loss	$ (1,399,000)	$ (1,991,000)	$ (2,439,000)	$ (4,278,000)
Net loss per common share - basic	$ (0.23)	$ (0.27)	$ (0.39)	$ (0.61)
Net loss per common share - diluted	$ (0.23)	$ (0.27)	$ (0.39)	$ (0.61)
Weighted average number of common shares outstanding - basic	6,173,768	7,265,608	6,182,375	6,988,113
Weighted average number of common shares outstanding - diluted	6,173,768	7,265,608	6,182,375	6,988,113

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Income Statement [Abstract]
Revenues from related parties	$ 52,000	$ 84,000	$ 82,000	$ 109,000

CONDENSED CONSOLIDATED CHANGES

CONDENSED CONSOLIDATED CHANGES TO STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Oct. 31, 2022	$ 7,000	$ 52,403,000	$ (50,521,000)	$ 1,889,000
Beginning balance, shares at Oct. 31, 2022	7,395,632
Sale of common stock		100,000		100,000
Sale of common stock, shares	22,282
Stock-based compensation		1,675,000		1,675,000
Stock-based compensation, shares	25,875
Issuance of Common stock and Warrants as commitment fee for SPA 23 Note		282,000		282,000
Issuance of Common stock and Warrants as commitment fee for SPA 23 Note, shares	75,000
Stock issued in satisfaction of Commitment Fee Shortfall Obligation		193,000		193,000
Stock issued in satisfaction of Commitment Fee Shortfall Obligation, shares	58,600
Cancellation of shares repurchased in connection with litigation
Cancellation of shares repurchased in connection with litigation, shares	(124,000)
Net loss			(4,278,000)	(4,278,000)
Ending balance, value at Apr. 30, 2023	$ 7,000	54,653,000	(54,799,000)	(139,000)
Ending balance, shares at Apr. 30, 2023	7,453,388
Beginning balance, value at Jan. 31, 2023	$ 7,000	53,478,000	(52,808,000)	677,000
Beginning balance, shares at Jan. 31, 2023	7,443,789
Sale of common stock
Stock-based compensation		700,000		700,000
Issuance of Common stock and Warrants as commitment fee for SPA 23 Note		282,000		282,000
Issuance of Common stock and Warrants as commitment fee for SPA 23 Note, shares	75,000
Stock issued in satisfaction of Commitment Fee Shortfall Obligation		193,000		193,000
Stock issued in satisfaction of Commitment Fee Shortfall Obligation, shares	58,600
Cancellation of shares repurchased in connection with litigation
Cancellation of shares repurchased in connection with litigation, shares	(124,000)
Net loss			(1,991,000)	(1,991,000)
Ending balance, value at Apr. 30, 2023	$ 7,000	54,653,000	(54,799,000)	(139,000)
Ending balance, shares at Apr. 30, 2023	7,453,388
Beginning balance, value at Oct. 31, 2023	$ 7,000	56,260,000	(57,508,000)	(1,241,000)
Beginning balance, shares at Oct. 31, 2023	7,283,483
Reverse split round-up adjustment
Reverse split round-up adjustment, shares	5,803
Cancellation of shares in connection with litigation	$ (1,000)	1,000
Cancellation of shares in connection with litigation, shares	(1,164,742)
Exchange of accounts payable for stock		20,000		20,000
Exchange of accounts payable for stock, shares	20,000
Stock-based compensation		1,960,000		1,960,000
Stock-based compensation, shares	187,875
Net loss			(2,439,000)	(2,439,000)
Ending balance, value at Apr. 30, 2024	$ 6,000	58,241,000	(59,947,000)	(1,700,000)
Ending balance, shares at Apr. 30, 2024	6,332,419
Beginning balance, value at Jan. 31, 2024	$ 6,000	57,034,000	(58,548,000)	(1,508,000)
Beginning balance, shares at Jan. 31, 2024	6,125,482
Reverse split round-up adjustment
Reverse split round-up adjustment, shares	(188)
Cancellation of shares in connection with litigation
Cancellation of shares in connection with litigation, shares	(750)
Exchange of accounts payable for stock		20,000		20,000
Exchange of accounts payable for stock, shares	20,000
Stock-based compensation		1,187,000		1,187,000
Stock-based compensation, shares	187,875
Net loss			(1,399,000)	(1,399,000)
Ending balance, value at Apr. 30, 2024	$ 6,000	$ 58,241,000	$ (59,947,000)	$ (1,700,000)
Ending balance, shares at Apr. 30, 2024	6,332,419

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,439,000)	$ (4,278,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	38,000	312,000
Amortization of OID and commitment fee discount – Promissory notes	12,000	129,000
Change in Commitment Fee Shortfall Obligation		19,000
Write-off of fixed assets		27,000
Write-off of receivables from officer		76,000
Stock-based compensation	1,960,000	1,675,000
Changes in operating assets and liabilities:
Accounts receivable	(42,000)	42,000
Receivables from related party		8,000
Other receivables		(90,000)
Prepaid expenses	(222,000)	(61,000)
Inventories	39,000	(4,000)
Accounts payable and accrued expenses	(638,000)	158,000
Security deposits	7,000	9,000
Deferred revenue	295,000	24,000
Net cash used in operating activities	(990,000)	(1,954,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets		(16,000)
Investment in non-marketable equity securities		(100,000)
Net cash used in investing activities		(116,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of Promissory Note		504,000
Shares repurchased in connection with litigation		(500,000)
Payments on finance lease	(20,000)	(56,000)
Repayments of notes payable		(600,000)
Proceeds from sale of common stock		100,000
Net cash used in financing activities	(20,000)	(552,000)
Decrease in cash	(1,010,000)	(2,622,000)
Cash at beginning of period	1,756,000	3,753,000
Cash at end of period	746,000	1,131,000
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for taxes
Cash paid for interest		37,000
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Reduction in accounts payable for equipment returned to vendor	21,000
Exchange of shares for payables	20,000
OID discount on proceeds received from promissory notes		11,000
Common stock and warrants issued as commitment fee for promissory notes		283,000
Common stock issued in satisfaction of Commitment Fee Shortfall Obligation		$ 193,000

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Apr. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Zeo ScientifiX, Inc. (“ZEO” or the “Company”) (f/k/a Organicell Regenerative Medicine, Inc.) was incorporated on August 9, 2011 in the State of Nevada under the name Bespoke Tricycles Inc. (changed to Biotech Products Services and Research, Inc. during September 2015 and to Organicell Regenerative Medicine, Inc., effective June 20, 2018). The Company is a clinical-stage biopharmaceutical company principally focusing on the development of innovative biological therapeutics for the treatment of degenerative diseases and regenerative medicine. The Company’s proprietary products are derived from perinatal sources and manufactured to retain the naturally occurring extracellular vesicles, hyaluronic acid, and proteins without the addition or combination of any other substance or diluent and an autologous non-manipulated biologic containing the nanoparticle fraction from a patient’s own peripheral blood (“RAAM Products”). Our RAAM Products and related services are principally used in the health care industry administered through doctors and clinics (“Providers”). On December 8, 2023, our board of directors and our stockholders holding a majority of the Company’s voting power, approved resolutions authorizing the Company to amend its Articles of Incorporation to change the name (“Name Change”) of the Company from Organicell Regenerative Medicine, Inc. to “Zeo ScientifiX, Inc.” On February 16, 2024, the Company filed a Certificate of Amendment with the Secretary of State of Nevada to change the Company’s name from Organicell Regenerative Medicine, Inc. to Zeo ScientifiX Inc., effective February 20, 2024. In connection with the Name Change, the Company filed a Notification Form with the Financial Industry Regulatory Agency (“FINRA”) to effectuate the Name Change and to change the Company’s ticker symbol to “ZEOX” (“Ticker Change”). The Name Change and Ticker Change were effectuated in the marketplace by FINRA on March 5, 2024. For the six months ended April 30, 2024 and 2023, the Company principally operated through General Surgical of Florida, Inc., a Florida corporation and wholly owned subsidiary, which was formed to sell the Company’s therapeutic products to Providers. The Company’s leading product, Zofin™ (also known as Organicell™ Flow), is an acellular, biologic therapeutic derived from perinatal sources and is manufactured to retain naturally occurring microRNAs, without the addition or combination of any other substance or diluent. The Company recently launched a service platform for its first autologous product called Patient Pure X™ (“PPX™”). PPX™ is a non-manipulated biologic containing the nanoparticle fraction from a patient’s own peripheral blood. The Company is currently exploring the use of its proprietary products in future formulations for a variety of topical use applications in the skin-care industry. On November 7, 2023, the Company filed a certificate of amendment to its Articles of Incorporation to implement a reverse split of our issued and outstanding common stock on a one-for-200 basis (the “Reverse Split”). The Reverse Split was effective on November 28, 2023. The par value of the Company’s common stock was unchanged at $0.001 per share after the Reverse Split. As a result, on the effective date of the Reverse Split, the stated capital on the Company’s balance sheet attributable to the Company’s common stock was reduced proportionately based on the Reverse Split ratio of one-for-200 and the additional paid-in capital account was credited with the amount by which the stated capital was reduced. All share and per share amounts referenced herein give effect to the Reverse Split as of the earliest period presented.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. In the opinion of management, the condensed unaudited consolidated financial statements contain all adjustments, including normal recurring adjustments, necessary to present fairly the Company’s financial position as of April 30, 2024, the results of its operations for the three months and six months ended April 30, 2024 and 2023 and the cash flows for the six months ended April 30, 2024 and 2023. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to the rules and regulations of the Securities Exchange Commission, although we believe that the disclosures made are adequate to make the information not misleading. These unaudited consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended October 31, 2023 filed with the Securities and Exchange Commission. All amounts presented have been rounded to the nearest thousand except share amounts, share prices and earnings per share. Concentrations of Risk Credit Risk The balance sheet items that potentially subject us to concentrations of credit risk are primarily cash and cash equivalents and accounts receivable. Balances in accounts are insured up to Federal Deposit Insurance Corporation (“FDIC”) limits of $ 250,000 165,000 Major Customer During the six months ended April 30, 2024, the Company sold products and services totaling approximately $ 477,000 20.9% 237,000 10.4% 311,000 13.6% During the six months ended April 30, 2023, the Company sold a total of approximately $ 437,000 22.8% 412,000 21.5% The Company’s sales agreements are non-exclusive and the Company does not believe it has any exposure based on the customers of its products. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles of the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. Management bases its estimates on historical experience and on other assumptions considered to be reasonable under the circumstances. However, actual results may differ from the estimates. Those estimates and assumptions include estimates for credit loss reserves for accounts receivable, assumptions used in valuing inventories at net realizable value, impairment testing of recorded long-term tangible and intangible assets, the valuation allowance for deferred tax assets, accruals for potential liabilities, assumptions made in valuing equity instruments issued for services, and assumptions used in the determination of the Company’s liquidity. Revenue Recognition The Company follows the guidance of FASB Accounting Standards Update (“ASU”) Topic 606 “Revenue from Contracts with Customers” which requires the Company to recognize revenue in amounts that reflect the prorata completion of the performance obligations of the Company required under the contracts. The Company recognizes revenue only when it transfers control of a promised good or service to a customer in an amount that reflects the consideration it expects to receive in exchange for the good or service. Our performance obligations are satisfied and control is transferred at a point-in-time, which is typically when the transfer and title to the product sold has taken place and there is evidence of our customer’s satisfactory acceptance of the product shipment or delivery except in those instances when the customer has made prior arrangements with the Company to store the product purchased by the customer at the Company’s facilities that is to be delivered at a later date to be designated by the customer. Amounts received prior to satisfying the revenue recognition criteria are recorded as deferred revenue on the Company’s consolidated balance sheet. Net Income (Loss) Per Common Share Basic income (loss) per common share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of fully vested common shares outstanding during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of fully vested shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted average number of shares adjusted for any potentially dilutive debt or equity instruments. At April 30, 2024, the Company had 2,644,194 167,500 no At April 30, 2023, the Company had 2,094,000 329,232 no Stock-Based Compensation All stock-based payments are recognized in the financial statements based on their fair values. The Company periodically issues stock options and stock awards to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for such grants issued and vesting based on ASC 718, Compensation-Stock Compensation The fair value of the Company’s stock options is estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or restricted stock, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods. Research and Development Costs Research and development costs consist of direct and indirect costs associated with the development of the Company’s technologies. These costs are expensed as incurred. Our research and development expenses were approximately $ 5,000 406,000 33,000 602,000 Income Taxes The Company files a consolidated tax return that includes all of its subsidiaries. Provisions for income taxes are based on taxes payable or refundable for the current year taxable income for federal and state income tax reporting purposes and deferred income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss carryforwards. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of the operations in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company accounts for uncertain tax positions in accordance with FASB Topic 740 – Income Taxes. This pronouncement prescribes a recognition threshold and measurement process for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The interpretation also provides guidance on recognition, derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition. For the three months and six months ended April 30, 2024 and 2023 the Company incurred operating losses, and therefore, there was not any income tax expense amount recorded during those periods. There is a full valuation allowance established for the tax benefit associated with the net losses for the six months ended April 30, 2024 and 2023. Fair Value of Financial Instruments The Company includes fair value information in the notes to financial statements when the fair value of its financial instruments is different from the book value. When the book value approximates fair value, no additional disclosure is made. The Company follows FASB ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company’s financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities and convertible debt. The estimated fair value of cash, accounts payable and accrued liabilities approximate their carrying amounts due to the short-term nature of these instruments. The Company follows the provisions of ASC 820 with respect to its financial instruments. As required by ASC 820, assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. Level one Level two Level three The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. Segment Information For the three months and six months ended April 30, 2024 and 2023, the Company operated only one operating segment. Subsequent Events The Company has evaluated subsequent events that occurred after April 30, 2024 through the financial statement issuance date for subsequent event disclosure consideration. Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosure Segment Reporting Other recent accounting pronouncements and guidance issued by FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Apr. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN The unaudited accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company has had limited revenues since its inception. The Company incurred net losses of $ 2,439,000 990,000 1,700,000 2,203,000 United States Food and Drug Administration (“FDA”) regulations which were announced in November 2017 and which became effective in May 2021 require that the sale of products that fall under Section 351 of the Public Health Services Act pertaining to marketing traditional biologics and human cells, tissues and cellular and tissue based products (“HCT/Ps”) can only be sold pursuant to an approved biologics license application (“BLA”). The Company has not obtained any opinion or ruling regarding the Company’s operations and whether the processing, sales and distribution of the products it currently produces would be subject to the FDA’s previously announced intended enforcement policies regarding HCT/P’s. As a result of the above, the Company’s efforts to establish a stabilized source of sufficient revenues to cover operating costs has yet to be achieved and ultimately may prove to be unsuccessful unless (a) the Company’s ability to process, sell and distribute the products currently being produced or developed in the future are not restricted; and/or (b) additional sources of working capital through operations or debt and/or equity financings are realized. These financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management anticipates that the Company will remain dependent, for the near future, on additional investment capital to fund ongoing operating expenses and research and development costs related to development of new products and to perform required clinical studies in connection with the sale of its products. The Company does not have any assets to pledge for the purpose of borrowing additional capital. In addition, the Company relies on its ability to produce and sell products it manufactures that are subject to changing technology and regulations that it currently sells and distributes to its customers. The Company’s current market capitalization, common stock liquidity and available authorized shares may hinder its ability to raise equity proceeds. The Company anticipates that future sources of funding, if any, will therefore be costly and dilutive, if available at all. In view of the matters described in the preceding paragraphs, recoverability of the recorded asset amounts shown in the accompanying consolidated balance sheet assumes that (a) the Company is able to continue to produce products or obtain products under supply arrangements which are in compliance with current and future regulatory guidelines; (b) the Company will be able to establish a stabilized source of revenues, including efforts to expand sales internationally and the development of new product offerings and/or designations of products; (c) obligations to the Company’s creditors are not accelerated; (d) the Company’s operating expenses remain at current levels and/or the Company is successful in restructuring and/or deferring ongoing obligations; (e) the Company is able to continue its research and development activities, particularly in regards to remaining compliant with the FDA and ongoing safety and efficacy of its products; and/or (f) the Company obtains additional working capital to meet its contractual commitments and maintain the current level of Company operations through debt or equity sources. There is no assurance that the products we currently produce will not be subject to the FDA’s previously announced intended enforcement policies regarding HCT/P’s and/or the Company will be able to complete its revenue growth strategy. There is no assurance that the Company’s research and development activities will be successful or that the Company will be able to timely fund the required costs of those activities. Without sufficient cash reserves, the Company’s ability to pursue growth objectives will be adversely impacted. Furthermore, despite significant effort since July 2015, the Company has thus far been unsuccessful in achieving a stabilized source of revenues. If revenues do not increase and stabilize, if the Company’s ability to process, sell and/or distribute the products currently being produced or developed in the future are restricted, and/or if additional funds cannot otherwise be raised, the Company might be required to seek other alternatives which could include the sale of assets, closure of operations and/or protection under the U.S. bankruptcy laws. The independent auditor’s report dated January 29, 2024 included in our Annual Report on Form 10-K for the year ended October 31, 2023 included an explanatory paragraph as to the Company’s ability to continue as a going concern. As of April 30, 2024, based on the factors described above, the Company concluded that there was substantial doubt about its ability to continue to operate as a going concern for the 12 months following the issuance of these financial statements.

INVENTORIES

INVENTORIES	6 Months Ended
	Apr. 30, 2024
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 4 – INVENTORIES Schedule of inventories April 30, October 31, Raw materials and supplies $ 168,000 $ 154,000 Finished goods 104,000 156,000 Total inventories $ 272,000 $ 310,000

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Apr. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 – PROPERTY AND EQUIPMENT Schedule of property and equipment April 30, October 31, Finance lease equipment $ 26,000 $ 260,000 Manufacturing equipment 744,000 535,000 770,000 795,000 Less: accumulated depreciation and amortization (256,000 ) (222,000 ) Total property and equipment, net $ 514,000 $ 573,000 During February 2024, in connection with the expiration of the lease for certain lab equipment originally valued at $ 240,000 1 Depreciation expense totaled $ 19,000 29,000 38,000 59,000 Amortization expense totaled $ 0 127,000 0 253,000

LEASE OBLIGATIONS

LEASE OBLIGATIONS	6 Months Ended
	Apr. 30, 2024
Lease Obligations
LEASE OBLIGATIONS	NOTE 6 – LEASE OBLIGATIONS Finance Lease Obligations: During March 2019, the Company entered into a lease agreement for certain lab equipment in the amount of $ 240,000 1 During October 2021, the Company entered into a second lease agreement in the amount of $ 305,000 6,000 1,000 As of April 30, 2024, finance lease obligations were $ 16,000 5,000

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Apr. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS For the three months and six months ended April 30, 2024, the Company sold a total of approximately $ 52,000 82,000 For the three months and six months ended April 30, 2023, the Company sold a total of approximately $ 84,000 109,000 At April 30, 2024 and October 31, 2023, advances payable to an affiliate of a former executive were $ 220,897

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	6 Months Ended
	Apr. 30, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 8 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Schedule of account payable and accrued expenses April 30, October 31, Accrued payroll related liabilities $ 667,000 $ 667,000 Lab equipment and supplies payables 150,000 407,000 Clinical trial and research payables 699,000 675,000 Legal fees payables 118,000 479,000 Other professional fees payables 102,000 81,000 Accrued IRS penalty - 86,000 Accrued commissions payable 61,000 102,000 Construction payables 9,000 9,000 Other payables and accrued expenses 128,000 106,000 Total Accounts Payable and Accrued Expenses $ 1,934,000 $ 2,612,000 During February 2024, the Internal Revenue Service (“IRS”) notified the Company that the Company’s appeal for full abatement of penalties and interest ($ 92,000

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Apr. 30, 2024
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 9 – NOTES PAYABLE Schedule of notes payable April 30, October 31, Convertible Promissory Notes $ 725,000 $ 725,000 Unamortized discount (56,000 ) (68,000 ) Total Notes Payable $ 669,000 $ 657,000 Convertible Promissory Notes The Convertible Promissory Notes are due September 30, 2026 8.0 % The Convertible Promissory Notes may be prepaid by the Company, in whole, but not in part, at any time prior to the Maturity Date, subject to payment of a premium of 10%, provided that the Company gives the holders fifteen (15) business notice prior to prepayment, during which period, Investors may elect to convert the Notes and accrued but unpaid interest thereon into Shares at a conversion price equal to 80% of the average of the daily VWAP of the Shares (as defined in the Note) for twenty consecutive ( 20 Holders of the Convertible Promissory Notes will have the right, at any time during the period commencing on April 1, 2024 and ending on the earliest to occur of the Maturity Date, the date of a Prepayment or the date of an automatic conversion, to convert the Convertible Promissory Note in whole, but not in part, and accrued interest thereon into shares of common stock (“Shares”) at a conversion price equal to 80% of the average of the daily VWAP of the Shares (as defined in the Convertible Promissory Note) for twenty consecutive (20) trading days ending on the date the investor gives the Company a notice of conversion, subject to a minimum conversion price of $ 6.00 In addition, the Convertible Promissory Notes and accrued but unpaid interest thereon will automatically convert into Shares in the event that prior to the Maturity Date, the Company consummates a “Qualified Financing” or a “Qualified Sale” (as defined in the Convertible Promissory Note) at a conversion price equal to 80% of the offering price of Shares sold in the Qualified Financing or 80% of the purchase price per Share to be received by stockholders following consummation of a Qualified Sale. In connection with the issuance of the Convertible Promissory Notes, the Company recorded a discount in the amount of $ 72,000 6,000 12,000 56,000

CAPITAL STOCK

CAPITAL STOCK	6 Months Ended
	Apr. 30, 2024
Equity [Abstract]
CAPITAL STOCK	NOTE 10 – CAPITAL STOCK Common Stock On November 7, 2023, the Company filed a certificate of amendment to its Articles of Incorporation to affect a reverse split of our issued and outstanding common stock on a one-for-two-hundred basis. The reverse stock split was effective with FINRA on November 28, 2023 (the “Reverse Split”). The par value of the Company’s common stock was unchanged at $ 0.001 Stock Based Compensation: On April 1, 2024, pursuant to the Company’s 2021 Incentive Stock Plan (“Incentive Plan”), the Company’s Board of Directors (“Board”) awarded 125,000 62,500 2.00 375,000 Effective April 1, 2024, the Company entered into sales distribution agreement with a sales and marketing company (“Salesco”). Salesco will be entitled to receive commissions on sales of the Company’s products to customers introduced by Salesco in the form of cash and common stock of the Company based on sales milestones. In connection with the agreement, the Company agreed to pay Salesco a monthly advance of $ 15,000 30,000 2 300,000 30,000 2.00 60,000 2 During the period ended April 30, 2024, the Company granted 137,500 1.70 2.75 250,000 9,000 There was approximately $ 298,000 Issuances of Common Stock – Exchange of balances due on accounts payable for stock: Effective January 31, 2024, the Company and a legal firm performing services to the Company agreed to exchange $ 20,000 20,000 25,000 Shares Repurchased – Settlement of Litigation: In connection with a settlement agreement entered into during November 2023 (see Note 12), Albert Mitrani and Dr. Maria Ines Mitrani returned to the Company 682,161 481,831 Equity Line Of Credit Commitment: On February 23, 2024, pursuant to the Purchase Agreement dated as of September 1, 2022 (“Agreement”), by and between the Company and Tysadco Partners, LLC (“Tysadco”), the Company provided Tysadco formal notice that it was terminating the Agreement and the $10,000,000 equity line of credit facility (“ELOC”). Unvested Equity Instruments A summary of unvested equity instruments outstanding for the six months ended April 30, 2024 are presented below: Schedule of non vested share activity Number of Weighted- Outstanding at October 31, 2023 100,000 $ 12.20 Non-Vested Shares Granted 167,500 $ 1.85 Vested 100,000 $ 12.20 Expired/Forfeited - $ - Outstanding at April 30, 2024 167,500 $ 1.85

STOCK OPTIONS

STOCK OPTIONS	6 Months Ended
	Apr. 30, 2024
Stock Options
STOCK OPTIONS	NOTE 11 – STOCK OPTIONS The Company has issued option securities under its Incentive Plan and warrants entitling the holder to purchase shares of its common stock at specified prices and for specified exercise periods. A summary of the Company’s option and warrant activity for the six months ended April 30, 2024 are presented below: Schedule of stock options Number of Weighted-average Remaining Aggregate Outstanding at October 31, 2023 2,571,656 $ 3.99 7.50 $ - Granted 72,538 $ 3.81 5.00 $ - Exercised - $ - - $ - Expired/Forfeited - $ - - $ - Outstanding at April 30, 2024 2,644,194 $ 3.99 6.69 $ - Exercisable at April 30, 2024 2,156,980 $ 4.26 7.52 $ - During February 2024, pursuant to the Incentive Plan, the Company granted to each of its four non-employee directors, a non-qualified option to purchase 5,000 4.34% 5 156% 0% 20,000 40,000 23,000 On April 1, 2024, pursuant to the Company’s Incentive Plan, the Company approved an employee stock option plan for its laboratory and administrative staff (“Employee Plan”). Under the Employee Plan, beginning January 31, 2025 and on each January 31 thereafter (each January 31 being a “Grant Date”), if employed by the Company for a minimum of one year as of each Grant Date, each laboratory employee and administrative employee are entitled to receive options to purchase shares of common stock of the Company based on 6% of the employees’ current base salary as of the Grant Date and a conversion price equal to $4.50 or 150% of the trading price of the Company’s stock on the Grant Date, whichever is higher. The stock options will (a) vest in three equal annual installments commencing one year from the Grant Date; (b) be exercisable for a period of five (5) years from the Grant Date. All vested stock options must be exercised on before 90 days from the date the employee is no longer employed by the Company (for whatever reason), or they will be forfeited. In addition to the above, the Company agreed to provide all current employees with at least one year of service with the Company (total of seven employees), a one-time grant of stock options based on the employees’ tenure with the Company totaling 52,538 5 4.34% 5 156% 0% 52,538 105,000 3,000 During the three months ended April 30, 2024 and 2023, the Company amortized $ 800,000 592,000 1,573,000 1,223,000 There was approximately $ 3,453,000 437,000 190,000 All stock compensation expense is classified under general and administrative expenses in the consolidated statements of operations.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12 – COMMITMENTS AND CONTINGENCIES Skincare Agreement In September 2022, the Company entered into a joint development agreement and supply agreement with a third-party supplier (“Supplier”) that develops and manufactures various devices and related equipment and consumables used in the skincare industry (“Skincare Agreement”) that are marketed and sold directly and/or through its affiliates or third parties, in the United States of America and in most major international markets. Under the terms of the Skincare Agreement, the Company was obligated to provide and the Third Party was obligated to purchase a minimum volume of raw material ingredient (“Ingredient”) from the Company to be used as part of formulations in exclusive biologic topical products (“Products”) to be marketed and sold by Supplier during the first year of the Agreement in the amount of $167,000 (“Minimum Purchase”) and mutually agreed upon minimal annual amounts thereafter. In June 2023, the Supplier informed the Company that there were delays in the Supplier’s development of the Products, including the timing of providing a purchase order for the Minimum Purchase of the Company’s Ingredient. During September 2023, the Company and the Supplier agreed to enter into an Amendment and Restatement of the Skincare Agreement (“Amended Skincare Agreement”). Under the terms of the Amended Skincare Agreement, the products to be provided by the Company was modified to include both the Ingredient and a topical moisturizer (“Moisturizer”) supplied by the Formulator. The Ingredient and the Moisturizer are hereinafter referred to as the “Combined Product”. The Supplier was obligated to deliver a purchase order for a minimum of $403,000 of the Combined Product by September 30, 2023 (“Initial Purchase Order”) and a total of $648,000 of the Combined Product during the first year of the Amended Skincare Agreement. During November 2023, the Supplier paid the Company $403,000 in connection with the Initial Purchase Order. Pursuant to Sales Agreement with the Formulator, the Company paid the Formulator $235,000 representing the amount of Initial Purchase Order associated with the Company’s arrangement with the Formulator to supply the Moisturizer. Both the Company and the Formulator have yet to deliver the Ingredient or the Moisturizer to the Supplier. As of April 30, 2024, the Company has recorded deferred revenues of $ 403,000 235,000 Deferred Revenue During the year ended October 31, 2023, the Company received an advance payment of $500,000 which was to be applied against future invoices for product inventory to be delivered over time which amount was recorded as deferred revenue. As of October 31, 2023, $101,000 of product inventory was invoiced and delivered reducing the deferred revenue amount to $399,000. During the six months ended April 30, 2024, $229,000 of product inventory was invoiced and delivered, further reducing the deferred revenue balance to $170,000 as of that date. Amounts received by the Company for products that have yet to be delivered to the customers as of April 30, 2024 and October 31, 2023 are reflected in the Company’s balance sheet as deferred revenues and were comprised of the following: Schedule of deferred revenue April 30, October 31, Initial Purchase Order – Amended Skincare Agreement $ 403,000 $ - Advances On Future Purchases Of Inventory 170,000 399,000 Sales To Customers Not Yet Delivered 219,000 98,000 Total Deferred Revenue $ 792,000 $ 497,000 Legal Matters Albert Mitrani and Dr. Maria Ines Mitrani Effective November 13, 2023, the Company entered into a settlement agreement with Albert Mitrani and Dr. Maria Ines Mitrani (former executives of the Company), pursuant to which it resolved various claims against the Mitranis, including those set forth in the previously reported Florida state action the Company had filed against the Mitranis. As part of the settlement, Albert Mitrani and Dr. Maria Ines Mitrani returned to the Company 682,161 481,831 The Company’s employment agreements with Dr. Harry Leider, its Chief Executive Officer and Dr. Howard Golub, its Chief Science Officer (“Employment Agreements”) had an initial term that ended May 31, 2024. The Employment Agreements were not renewed and accordingly, the Employment Agreements expired and the employment of Drs. Leider and Golub by the Company ended on May 31, 2024. Dr. Leider has advised that he may seek severance from the Company. The Company believes that he is not entitled to severance, as it is not provided for in the case of a non-renewal of the term of the employment agreement. Other In addition to the foregoing, from time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in any such matter may harm our business.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. In the opinion of management, the condensed unaudited consolidated financial statements contain all adjustments, including normal recurring adjustments, necessary to present fairly the Company’s financial position as of April 30, 2024, the results of its operations for the three months and six months ended April 30, 2024 and 2023 and the cash flows for the six months ended April 30, 2024 and 2023. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to the rules and regulations of the Securities Exchange Commission, although we believe that the disclosures made are adequate to make the information not misleading. These unaudited consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended October 31, 2023 filed with the Securities and Exchange Commission. All amounts presented have been rounded to the nearest thousand except share amounts, share prices and earnings per share.
Concentrations of Risk	Concentrations of Risk Credit Risk The balance sheet items that potentially subject us to concentrations of credit risk are primarily cash and cash equivalents and accounts receivable. Balances in accounts are insured up to Federal Deposit Insurance Corporation (“FDIC”) limits of $ 250,000 165,000 Major Customer During the six months ended April 30, 2024, the Company sold products and services totaling approximately $ 477,000 20.9% 237,000 10.4% 311,000 13.6% During the six months ended April 30, 2023, the Company sold a total of approximately $ 437,000 22.8% 412,000 21.5% The Company’s sales agreements are non-exclusive and the Company does not believe it has any exposure based on the customers of its products.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles of the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. Management bases its estimates on historical experience and on other assumptions considered to be reasonable under the circumstances. However, actual results may differ from the estimates. Those estimates and assumptions include estimates for credit loss reserves for accounts receivable, assumptions used in valuing inventories at net realizable value, impairment testing of recorded long-term tangible and intangible assets, the valuation allowance for deferred tax assets, accruals for potential liabilities, assumptions made in valuing equity instruments issued for services, and assumptions used in the determination of the Company’s liquidity.
Revenue Recognition	Revenue Recognition The Company follows the guidance of FASB Accounting Standards Update (“ASU”) Topic 606 “Revenue from Contracts with Customers” which requires the Company to recognize revenue in amounts that reflect the prorata completion of the performance obligations of the Company required under the contracts. The Company recognizes revenue only when it transfers control of a promised good or service to a customer in an amount that reflects the consideration it expects to receive in exchange for the good or service. Our performance obligations are satisfied and control is transferred at a point-in-time, which is typically when the transfer and title to the product sold has taken place and there is evidence of our customer’s satisfactory acceptance of the product shipment or delivery except in those instances when the customer has made prior arrangements with the Company to store the product purchased by the customer at the Company’s facilities that is to be delivered at a later date to be designated by the customer. Amounts received prior to satisfying the revenue recognition criteria are recorded as deferred revenue on the Company’s consolidated balance sheet.
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share Basic income (loss) per common share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of fully vested common shares outstanding during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of fully vested shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted average number of shares adjusted for any potentially dilutive debt or equity instruments. At April 30, 2024, the Company had 2,644,194 167,500 no At April 30, 2023, the Company had 2,094,000 329,232 no
Stock-Based Compensation	Stock-Based Compensation All stock-based payments are recognized in the financial statements based on their fair values. The Company periodically issues stock options and stock awards to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for such grants issued and vesting based on ASC 718, Compensation-Stock Compensation The fair value of the Company’s stock options is estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or restricted stock, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods.
Research and Development Costs	Research and Development Costs Research and development costs consist of direct and indirect costs associated with the development of the Company’s technologies. These costs are expensed as incurred. Our research and development expenses were approximately $ 5,000 406,000 33,000 602,000
Income Taxes	Income Taxes The Company files a consolidated tax return that includes all of its subsidiaries. Provisions for income taxes are based on taxes payable or refundable for the current year taxable income for federal and state income tax reporting purposes and deferred income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss carryforwards. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of the operations in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company accounts for uncertain tax positions in accordance with FASB Topic 740 – Income Taxes. This pronouncement prescribes a recognition threshold and measurement process for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The interpretation also provides guidance on recognition, derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition. For the three months and six months ended April 30, 2024 and 2023 the Company incurred operating losses, and therefore, there was not any income tax expense amount recorded during those periods. There is a full valuation allowance established for the tax benefit associated with the net losses for the six months ended April 30, 2024 and 2023.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company includes fair value information in the notes to financial statements when the fair value of its financial instruments is different from the book value. When the book value approximates fair value, no additional disclosure is made. The Company follows FASB ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company’s financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities and convertible debt. The estimated fair value of cash, accounts payable and accrued liabilities approximate their carrying amounts due to the short-term nature of these instruments. The Company follows the provisions of ASC 820 with respect to its financial instruments. As required by ASC 820, assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. Level one Level two Level three The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter.
Segment Information	Segment Information For the three months and six months ended April 30, 2024 and 2023, the Company operated only one operating segment.
Subsequent Events	Subsequent Events The Company has evaluated subsequent events that occurred after April 30, 2024 through the financial statement issuance date for subsequent event disclosure consideration.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosure Segment Reporting Other recent accounting pronouncements and guidance issued by FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Apr. 30, 2024
Inventory Disclosure [Abstract]
Schedule of inventories	Schedule of inventories April 30, October 31, Raw materials and supplies $ 168,000 $ 154,000 Finished goods 104,000 156,000 Total inventories $ 272,000 $ 310,000

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Apr. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment April 30, October 31, Finance lease equipment $ 26,000 $ 260,000 Manufacturing equipment 744,000 535,000 770,000 795,000 Less: accumulated depreciation and amortization (256,000 ) (222,000 ) Total property and equipment, net $ 514,000 $ 573,000

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	6 Months Ended
	Apr. 30, 2024
Payables and Accruals [Abstract]
Schedule of account payable and accrued expenses	Schedule of account payable and accrued expenses April 30, October 31, Accrued payroll related liabilities $ 667,000 $ 667,000 Lab equipment and supplies payables 150,000 407,000 Clinical trial and research payables 699,000 675,000 Legal fees payables 118,000 479,000 Other professional fees payables 102,000 81,000 Accrued IRS penalty - 86,000 Accrued commissions payable 61,000 102,000 Construction payables 9,000 9,000 Other payables and accrued expenses 128,000 106,000 Total Accounts Payable and Accrued Expenses $ 1,934,000 $ 2,612,000

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Apr. 30, 2024
Debt Disclosure [Abstract]
Schedule of notes payable	Schedule of notes payable April 30, October 31, Convertible Promissory Notes $ 725,000 $ 725,000 Unamortized discount (56,000 ) (68,000 ) Total Notes Payable $ 669,000 $ 657,000

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	6 Months Ended
	Apr. 30, 2024
Equity [Abstract]
Schedule of non vested share activity	Schedule of non vested share activity Number of Weighted- Outstanding at October 31, 2023 100,000 $ 12.20 Non-Vested Shares Granted 167,500 $ 1.85 Vested 100,000 $ 12.20 Expired/Forfeited - $ - Outstanding at April 30, 2024 167,500 $ 1.85

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	6 Months Ended
	Apr. 30, 2024
Stock Options
Schedule of stock options	Schedule of stock options Number of Weighted-average Remaining Aggregate Outstanding at October 31, 2023 2,571,656 $ 3.99 7.50 $ - Granted 72,538 $ 3.81 5.00 $ - Exercised - $ - - $ - Expired/Forfeited - $ - - $ - Outstanding at April 30, 2024 2,644,194 $ 3.99 6.69 $ - Exercisable at April 30, 2024 2,156,980 $ 4.26 7.52 $ -

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Apr. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of deferred revenue	Schedule of deferred revenue April 30, October 31, Initial Purchase Order – Amended Skincare Agreement $ 403,000 $ - Advances On Future Purchases Of Inventory 170,000 399,000 Sales To Customers Not Yet Delivered 219,000 98,000 Total Deferred Revenue $ 792,000 $ 497,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Product Information [Line Items]
FDIC limits per institutions	$ 250,000		$ 250,000
Cash balances	165,000		165,000
Revenues	1,131,000	$ 845,000	2,285,000	$ 1,915,000
Bad debt expense	0	0	0	0
Research and development expense	$ 5,000	$ 406,000	$ 33,000	$ 602,000
Common Shares Issuable Upon Exercise Of Warrants [Member]
Product Information [Line Items]
Antidilutive securities excluded from computation of earnings per share			2,644,194	2,094,000
Incremental salary	167,500	329,232	167,500	329,232
Large Distributor [Member]
Product Information [Line Items]
Revenues			$ 477,000	$ 437,000
Large Distributor [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage			20.90%	22.80%
Another Large Distributor [Member]
Product Information [Line Items]
Revenues			$ 237,000	$ 412,000
Another Large Distributor [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage			10.40%	21.50%
Individual Medical Practice [Member]
Product Information [Line Items]
Revenues			$ 311,000
Individual Medical Practice [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage			13.60%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 1,399,000	$ 1,991,000	$ 2,439,000	$ 4,278,000
Cash from operating activities			990,000	1,954,000
Stockholders' deficit	1,700,000	$ 139,000	1,700,000	$ 139,000	$ 1,508,000	$ 1,241,000	$ (677,000)	$ (1,889,000)
Working capital deficit	$ 2,203,000		$ 2,203,000

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Apr. 30, 2024	Oct. 31, 2023
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 168,000	$ 154,000
Finished goods	104,000	156,000
Total inventories	$ 272,000	$ 310,000

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Apr. 30, 2024	Oct. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 770,000	$ 795,000
Less: accumulated depreciation and amortization	(256,000)	(222,000)
Total property and equipment, net	514,000	573,000
Finance lease equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	26,000	260,000
Manufacturing Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 744,000	$ 535,000

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Feb. 29, 2024	Mar. 31, 2019	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023	Oct. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Depreciation expense			$ 19,000	$ 29,000	$ 38,000	$ 59,000
Amortization expense			$ 0	$ 127,000	$ 0	$ 253,000
Lease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payment to acquire	$ 240,000	$ 240,000					$ 305,000
Operating leased equipment, per unit	1	1

LEASE OBLIGATIONS (Details Narr

LEASE OBLIGATIONS (Details Narrative) - USD ($)	1 Months Ended
	Feb. 29, 2024	Aug. 07, 2023	Mar. 31, 2019	Apr. 30, 2024	Oct. 31, 2023	Oct. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Finance lease obligations current				$ 5,000	$ 23,000
Lease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payment to acquire	$ 240,000		$ 240,000			$ 305,000
Operating leased equipment, per unit	1		1
Finance lease obligations				16,000
Finance lease obligations current				$ 5,000
Second Lease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Remaining obligations		$ 6,000
Monthly payments		$ 1,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023	Oct. 31, 2023
Advances payable	$ 220,897		$ 220,897		$ 220,897
Management Services Organization [Member]
Proceed from sale of products	$ 52,000	$ 84,000	$ 82,000	$ 109,000

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)	Apr. 30, 2024	Oct. 31, 2023
Payables and Accruals [Abstract]
Accrued payroll related liabilities	$ 667,000	$ 667,000
Lab equipment and supplies payables	150,000	407,000
Clinical trial and research payables	699,000	675,000
Legal fees payables	118,000	479,000
Other professional fees payables	102,000	81,000
Accrued IRS penalty		86,000
Accrued commissions payable	61,000	102,000
Construction payables	9,000	9,000
Other payables and accrued expenses	128,000	106,000
Total Accounts Payable and Accrued Expenses	$ 1,934,000	$ 2,612,000

ACCOUNTS PAYABLE AND ACCRUED _4

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details Narrative)	1 Months Ended
	Feb. 29, 2024 USD ($)
Payables and Accruals [Abstract]
Abatement of penalties and interest	$ 92,000

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Apr. 30, 2024	Oct. 31, 2023
Debt Disclosure [Abstract]
Convertible Promissory Notes	$ 725,000	$ 725,000
Unamortized discount	(56,000)	(68,000)
Total Notes Payable	$ 669,000	$ 657,000

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative)	3 Months Ended	6 Months Ended
	Apr. 30, 2024 USD ($) $ / shares	Apr. 30, 2024 USD ($) Integer $ / shares	Oct. 31, 2023 USD ($)
Debt Instrument [Line Items]
Unamortized discount	$ 56,000	$ 56,000	$ 68,000
Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Maturity date		Sep. 30, 2026
Interest rate		8%
Trading days | Integer		20
Conversion price | $ / shares	$ 6	$ 6
Discount	$ 72,000	$ 72,000
Amortization of discounts	6,000	12,000
Unamortized discount	$ 56,000	$ 56,000

CAPITAL STOCK (Details)

CAPITAL STOCK (Details)	6 Months Ended
	Apr. 30, 2024 $ / shares shares
Equity [Abstract]
Number of Nonvested Shares Outstanding at beginning | shares	100,000
Weighted- Average Grant Date Value, Outstanding at beginning | $ / shares	$ 12.20
Non-Vested Shares Granted | shares	167,500
Weighted- Average Grant Date Value, Non-Vested Shares Granted | $ / shares	$ 1.85
Vested | shares	100,000
Weighted- Average Grant Date Value, Vested | $ / shares	$ 12.20
Expired/Forfeited | shares
Weighted- Average Grant Date Value, Expired/Forfeited | $ / shares
Number of Nonvested Shares, Outstanding at end | shares	167,500
Weighted- Average Grant Date Value, Outstanding at end | $ / shares	$ 1.85

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - USD ($)		1 Months Ended		3 Months Ended	6 Months Ended
	Apr. 01, 2024	Jan. 31, 2024	Nov. 30, 2023	Apr. 30, 2024	Apr. 30, 2024	Apr. 30, 2023	Oct. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share Price	$ 2			$ 0.001	$ 0.001
Stock-based compensation expense	$ 60,000				$ 1,960,000	$ 1,675,000
Monthly advance				$ 220,897	$ 220,897		$ 220,897
Shares granted	30,000				30,000
Vesting period	2 years				2 years
Cumulative sales from customers					$ 300,000
Number of shares granted					167,500
New shares issued, value		$ 25,000
Unamortized compensation					$ 298,000
Legal fees payable		$ 20,000
New shares issued		20,000
Stock Grants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense				375,000	375,000
Various Consultants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense				$ 9,000	$ 9,000
Number of shares granted					137,500
New shares issued, value					$ 250,000
Various Consultants [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share Price				$ 1.70	$ 1.70
Various Consultants [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share Price				$ 2.75	$ 2.75
Albert Mitrani [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares Repurchased			682,161
Dr. Maria Ines Mitrani [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares Repurchased			481,831
Incentive Plan [Member] | Board of Directors Chairman [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share Price	$ 2
Incentive Plan [Member] | Board of Directors Chairman [Member] | Jerry Glauser [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awarded stock	125,000
Incentive Plan [Member] | Board of Directors Chairman [Member] | Leatham Stern [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awarded stock	62,500
Sales Distribution Agreement [Member] | Salesco [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Monthly advance	$ 15,000

STOCK OPTIONS (Details)

STOCK OPTIONS (Details)	6 Months Ended
	Apr. 30, 2024 USD ($) $ / shares shares
Number of shares, expired/forfeited | shares
Weighted-average exercise price, expired/forfeited | $ / shares
Warrant [Member]
Number of shares, outstanding beginning balance | shares	2,571,656
Weighted-average exercise price, outstanding beginning balance | $ / shares	$ 3.99
Remaining contractual term (years), outstanding beginning balance	7 years 6 months
Aggregate intrinsic value, outstanding beginning balance | $
Number of shares, granted | shares	72,538
Weighted-average exercise price, granted | $ / shares	$ 3.81
Remaining contractual term (years), granted	5 years
Aggregate intrinsic value, granted | $
Number of shares, exercised | shares
Weighted-average exercise price, exercised | $ / shares
Aggregate intrinsic value, exercised | $
Number of shares, expired/forfeited | shares
Weighted-average exercise price, expired/forfeited | $ / shares
Aggregate intrinsic value, expired/forfeited | $
Number of shares outstanding ending balance | shares	2,644,194
Weighted-average exercise price outstanding ending balance | $ / shares	$ 3.99
Remaining contractual term (years) outstanding ending balance	6 years 8 months 8 days
Aggregate intrinsic value outstanding ending balance | $
Number of shares, exercisable | shares	2,156,980
Weighted-average exercise price, exercisable | $ / shares	$ 4.26
Remaining contractual term (years) outstanding, exercisable	7 years 6 months 7 days
Aggregate intrinsic value, exercisable | $

STOCK OPTIONS (Details Narrativ

STOCK OPTIONS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 01, 2024	Feb. 29, 2024	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Option to purchase		5,000
Risk free interest rate		4.34%
Term		5 years
Volatility		156%
Dividend rate		0%
Options granted					167,500
Stock-based compensation expense	$ 60,000				$ 1,960,000	$ 1,675,000
Grant of stock options	30,000				30,000
Amortized compensation costs			$ 800,000	$ 592,000	$ 1,573,000	$ 1,223,000
Unamortized compensation costs			3,453,000		3,453,000
Employment Agreement [Member]
Unamortized compensation costs			$ 437,000		$ 437,000
Unvested options			190,000		190,000
One Time Options [Member]
Risk free interest rate	4.34%
Term	5 years
Volatility	156%
Dividend rate	0%
Options granted	52,538
Option grant date fair value	$ 105,000
Stock-based compensation expense			$ 3,000		$ 3,000
Seven Employees [Member]
Grant of stock options	52,538
Exercisable period	5 years
Director [Member]
Options granted		20,000
Option grant date fair value		$ 40,000
Stock-based compensation expense			$ 23,000		$ 23,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Apr. 30, 2024	Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Initial Purchase Order – Amended Skincare Agreement	$ 403,000
Advances On Future Purchases Of Inventory	170,000	399,000
Sales To Customers Not Yet Delivered	219,000	98,000
Total Deferred Revenue	$ 792,000	$ 497,000

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Nov. 30, 2023	Apr. 30, 2024	Oct. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Deferred revenues		$ 792,000	$ 497,000
Prepaid expenses		$ 328,000	$ 106,000
Deferred Revenue invoiced description		During the six months ended April 30, 2024, $229,000 of product inventory was invoiced and delivered, further reducing the deferred revenue balance to $170,000 as of that date.	As of October 31, 2023, $101,000 of product inventory was invoiced and delivered reducing the deferred revenue amount to $399,000.
Albert Mitrani [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Repurchased	682,161
Dr. Maria Ines Mitrani [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Repurchased	481,831
Skincare Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Deferred revenues		$ 403,000
Prepaid expenses		$ 235,000