v3.26.1

Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2026	Oct. 31, 2025
Current Assets:
Cash	$ 282,061	$ 7,305
Accounts receivable, net	182,378	489,426
Prepaid expenses and other current assets	57,534	102,143
Total Current Assets	521,973	598,874
Property and equipment, net	59,060	64,726
Security deposits	76,655	76,655
Right-of-use lease asset, net	484,112	566,361
Total Non-current Assets	619,827	707,742
TOTAL ASSETS	1,141,800	1,306,616
Current Liabilities:
Accounts payable and accrued expenses	284,574	273,936
Accrued compensation	878,175	930,555
Notes payable	1,627,432	1,737,034
Convertible notes payable, net	481,517	197,798
Derivative liability	498,690	39,543
Operating lease obligations, current	441,204	477,956
Total Current Liabilities	4,769,770	4,498,435
Notes payable, less current portion	100,000	150,000
Operating lease obligations, less current portion	158,749	223,319
Total Non-current Liabilities	258,749	868,319
Total Liabilities	5,028,519	5,366,754
Commitments and contingencies (Note 10)
Shareholders’ (Deficit) Equity
Common stock, no par value, 100,000,000 shares authorized; 23,182,425 and 11,371,966 shares issued and outstanding as of January 31, 2026 and October 31, 2025, respectively	4,819,516	912,369
Accumulated deficit	(8,706,235)	(4,972,507)
Total Shareholders’ Deficit	(3,886,719)	(4,060,138)
Total Liabilities and Shareholders’ Deficit	1,141,800	1,306,616
Related Party
Current Liabilities:
Notes Payable - Related Parties	558,178	841,613
Notes payable - Related Parties, less current portion		$ 495,000

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Helio Corp /FL/ 10-Q