40 unchanged sentences
Operating Expenses
−Removed: General and administrative
−Removed: expenses increased by $151,393, primarily due to higher professional fees and administrative costs incurred during 2024.
−Removed: These increases
−Removed: were partially offset by a $405,812 decrease in share-based compensation, which declined from $489,800 in 2023 (related to 2,025,000
−Removed: shares issued) to $83,988 in 2024 (related to 7,400,000 shares issued).
−Removed: The reduction in share-based compensation was primarily due to
−Removed: a lower fair value per share resulting from a decrease in the Company’s stock price.
+Added: General and administrative expenses increased by
+Added: $1,259,761, increasing from $1,870,228 in 2023 to $3,129,989 in 2024.
+Added: The increase was primarily due to higher professional fees
+Added: and administrative costs incurred during 2024, along with an increase in stock-based compensation.
+Added: Stock-based compensation, which
+Added: is included in general and administrative expenses, increased by $702,556 from $489,800 in 2023 (related to 2,025,000 shares issued)
+Added: to $1,192,356 in 2024 (related to 7,400,000 shares issued).
+Added: The increase in stock-based compensation was due to a higher
+Added: fair value per share.
Advertising and
4 unchanged sentences
There was no corresponding amortization expense in the prior year.
−Removed: Net loss for the year ended October 31, 2024, was $2,230,222 compared to a net loss of $1,927,494 during the same period in 2023.
−Removed: This increase in net loss is primarily due to the significant rise in operating expenses during the year, as well as the decline in revenues.
+Added: Net Loss - Net loss for the year ended
+Added: October 31, 2024, was $3,338,590 compared to a net loss of $1,927,494 during the same period in 2023.
+Added: This increase in net
+Added: loss is due to the significant increase in operating expenses during the year, including the increase in stock-based compensation,
+Added: together with a decline in revenues.
Forward-Looking Considerations
56 unchanged sentences
This reflects our net losses for the period, adjusted by non-cash charges such as depreciation
−Removed: and share-based compensation.
+Added: and stock-based compensation.
Changes in working capital accounts also contributed to cash usage, primarily due to increases in accounts
3 unchanged sentences
The increase in cash usage in 2024 is attributable to higher operating expenses, including
−Removed: costs related to expanding operations, share based compensation and increased depreciation expenses.
+Added: costs related to expanding operations, stock-based compensation and increased depreciation expenses.
Cash Provided by Financing Activities
15 unchanged sentences
we will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course
−Removed: During the year ended October 31, 2024, we incurred a net loss of $2,230,222 and used cash in operating activities of $1,802,678.
+Added: During the year ended October 31, 2024, we incurred a net loss of $3,338,590 and used cash in operating activities
+Added: of $1,802,678.
These factors, among others, raise substantial doubt about our ability to continue as a going concern.
−Removed: These financial statements do not
−Removed: include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and the classification
−Removed: of liabilities that might result from this uncertainty.
+Added: These financial
+Added: statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and
+Added: the classification of liabilities that might result from this uncertainty.
Off-Balance Sheet Arrangements
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.