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CAPITAL STOCK | 12 Months Ended
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Oct. 31, 2021
Equity [Abstract] |
CAPITAL STOCK | NOTE 6 – CAPITAL STOCK Common Stock On June 9, 2020, the Company issued 30,000 shares of common stock to consultants for services rendered. These shares had an aggregate fair value of $169,500. During the fiscal year ended October 31, 2020, the Company granted options to purchase an aggregate of 564,000 shares of common stock pursuant to the terms of the 2017 Stock Incentive Plan (“2017 Plan”) to various eligible individuals. As a result, as of October 31, 2020, there were 352,612 shares available under the Plan. During the fiscal year ended October 31, 2021, the Company issued 80,314 shares of common stock for the exercise of 169,332 Options which were issued under the Company’s 2017 Plan. On July 20, 2021, the Company issued 25,000 shares of common stock to consultants for services rendered. These shares had a fair value of $220,750. During the fiscal year ended October 31, 2021, the Company granted under its 2017 Plan restricted stock awards to purchase an aggregate of 127,500 shares of common stock pursuant to the terms of the Plan to various eligible individuals. As a result, as of October 31, 2021, there were 238,612 shares available under the 2017 Plan. There were forfeitures of 8,000 and 3,000 options during the years ended October 31, 2021 and 2020, respectively. The following table presents stock option activity for the years ended October 31, 2021 and 2020. The intrinsic value of the outstanding options as of October 31, 2021 was $1,446,835 and $491,280 for October 31, 2020. SCHEDULE OF STOCK OPTION ACTIVITY
Stock Options
|  | Total |  |  | Weighted Average Exercise Price |  |  | Exercisable |  |  | Weighted Average Exercise Price |  |  | Non-Vested |  |  | Weighted Average Exercise Price |
Outstanding at October 31, 2019 |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Granted |  |  | 564,000 |  |  |  | 4.65 |  |  |  | - |  |  |  | - |  |  |  | 564,000 |  |  |  | 4.65 |
Vested |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercises |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited or cancelled |  |  | (3,000 | ) |  |  | 4.65 |  |  |  | - |  |  |  | - |  |  |  | (3,000 | ) |  |  | 4.65 |
Outstanding at October 31, 2020 |  |  | 561,000 |  |  |  | 4.65 |  |  |  | - |  |  |  | - |  |  |  | 561,000 |  |  |  | 4.65 |
Granted |  |  | - |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |
Vested |  |  | - |  |  |  | 4.65 |  |  |  | 185,667 |  |  |  | 4.65 |  |  |  | (185,667 | ) |  |  | 4.65 |
Exercises |  |  | (169,332 | ) |  |  | 4.65 |  |  |  | (169,332 | ) |  |  | 4.65 |  |  |  | - |  |  |  | 4.65 |
Forfeited or cancelled |  |  | (8,000 | ) |  |  | 4.65 |  |  |  | - |  |  |  | - |  |  |  | (8,000 | ) |  |  | 4.65 |
Outstanding at October 31, 2021 |  |  | 383,668 |  |  | $ | 4.65 |  |  |  | 16,335 |  |  | $ | 4.65 |  |  |  | 367,333 |  |  | $ | 4.65 |
Aggregate Intrinsic Value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 31, 2020 |  | $ | 491,280 |  |  |  |  |  |  | $ | - |  |  |  |  |  |  | $ | 491,280 |  |  |  |  |
Aggregate Intrinsic Value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 31, 2021 |  | $ | 1,446,835 |  |  |  |  |  |  | $ | 61,746 |  |  |  |  |  |  | $ | 1,385,089 |  |  |  |  |
The total expense recognized by the Company relating to stock options during the years ended October 31, 2021 and 2020, respectively, was $482,595 and $441,280. Unamortized compensation expense in future years is $311,228. SCHEDULE OF RESTRICTED STOCK AWARDS
Restricted Stock Awards
|  | Total |  |  | Weighted Average Exercise Price |  |  | Exercisable |  |  | Weighted Average Exercise Price |  |  | Non-Vested |  |  | Weighted Average Exercise Price |
Outstanding at October 31, 2020 |  |  | - |  |  | $ |  |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Granted |  |  | 127,500 |  |  |  | 8.80 |  |  |  | - |  |  | $ | - |  |  |  | 127,500 |  |  | $ | 8.80 |
Vested |  |  | - |  |  |  | 8.80 |  |  |  |  |  |  | $ | - |  |  |  | - |  |  | $ | - |
Exercises |  |  | - |  |  |  | 8.80 |  |  |  |  |  |  | $ | - |  |  |  | - |  |  | $ | - |
Forfeited or cancelled |  |  | (5,500 | ) |  |  | 8.80 |  |  |  | - |  |  |  | - |  |  |  | (5,500 | ) |  | $ | 8.80 |
Outstanding at October 31, 2021 |  |  | 122,000 |  |  | $ | 8.80 |  |  |  | - |  |  |  | - |  |  |  | 122,000 |  |  | $ | 8.80 |
The total expense recognized by the Company relating to restricted stock awards during the year ended October 31, 2021 was $347,476. The expense in future years is $726,124. All Stock Options and grants have been issued pursuant to the 2017 Plan. Total stock compensation expense from issued shares, stock options and restricted stock awards is $1,050,821. Preferred Stock Series A and Series C Preferred Stock The Company is authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. We had previously designated 50,000 preferred shares as Series A preferred stock and 50,000 preferred shares as Series C preferred stock. Both series have since been eliminated and as of October 31, 2021 there were no shares Preferred Stock issued or outstanding. CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements October 31, 2021 and 2020

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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