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SEGMENT ANALYSIS (Tables)

3 Months Ended

Jan. 31, 2022

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

 SCHEDULE OF SEGMENT REPORTING INFORMATION

		Marine Technology Business (Products)				Marine Engineering Business (Services)				Overhead				Total
Three Months Ended January 31, 2022
Net Revenues		$	3,823,748			$	2,014,460			$	-			$	5,838,208
Cost of Revenues			572,292				1,105,982				-				1,678,274
Gross Profit			3,251,456				908,478				-				4,159,934
Research & Development			529,375				143,515				-				672,890
Selling, General & Administrative			753,614				651,149				706,349				2,111,112
Total Operating Expenses			1,282,989				794,664				706,349				2,784,002
Income (Loss) from Operations			1,968,467				113,814				(706,349	)			1,375,932
Other Income (Expense)
Other Income			9,049				70,945				-				79,994
Interest Expense			(4,882	)			(5,026	)			(1,370	)			(11,278	)
Total Other Income (Expense)			4,167				65,919				(1,370	)			68,716
Income (Loss) before Income Taxes			1,972,634				179,733				(707,719	)			1,444,648
Income Tax (Expense) Benefit
Current Tax (Expense) Benefit			(266,520	)			24,036				(43,125	)			(285,609	)
Deferred Tax Benefit			6,708				204				51,297				58,209
Total Income Tax (Expense) Benefit			(259,812	)			24,240				8,172				(227,400	)
Net Income (Loss)		$	1,712,822			$	203,973			$	(699,547	)		$	1,217,248
Supplemental Disclosures
Total Assets		$	30,847,114			$	13,893,382			$	658,735			$	45,399,231
Total Liabilities		$	1,635,666			$	501,339			$	429,580			$	2,566,585
Revenues from Intercompany Sales - eliminated from sales above		$	389,395			$	115,823			$	600,000			$	1,105,218
Depreciation and Amortization		$	135,658			$	16,657			$	9,151			$	161,466
Purchases of Long-lived Assets		$	986,093			$	1,000			$	14,871			$	1,001,964

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

January 31, 2022 and October 31, 2021

NOTE 14 -SEGMENT ANALYSIS (Continued)

		Marine Technology Business (Products)				Marine Engineering Business (Services)				Overhead				Total
Three Months Ended January 31, 2021
Net Revenues		$	3,748,279			$	1,302,180			$	-			$	5,050,459
Cost of Revenues			894,275				841,262				-				1,735,537
Gross Profit			2,854,004				460,918				-				3,314,922
Research & Development			441,744				141,395				-				583,139
Selling, General & Administrative			733,825				567,559				511,982				1,813,366
Total Operating Expenses			1,175,569				708,954				511,982				2,396,505
Income (Loss) from Operations			1,678,435				(248,036	)			(511,982	)			918,417
Other Income (Expense)
Other Income			2,036				18				-				92,025
Interest Expense			(2,253	)			(5,151	)			(7,110	)			(14,514	)
Total Other Income (Expense)			(217	)			(5,133	)			(7,110	)			77,511
Income (Loss) before Income Taxes			1,678,218				(253,169	)			(519,092	)			995,928
Income Tax (Expense) Benefit
Current Tax (Expense) Benefit			12,653				-				12,072				24,725
Deferred Tax (Expense) Benefit			(11,155	)			152,086				(32,740	)			108,191
Total Income Tax (Expense) Benefit			1,498				152,086				(20,668	)			132,916
Net Income (Loss)		$	1,679,716			$	(101,083	)		$	(539,760	)		$	1,128,844
Supplemental Disclosures
Total Assets		$	24,767,757			$	14,362,811			$	1,224,954			$	40,355,522
Total Liabilities		$	1,573,260			$	1,436,624			$	720,466			$	3,730,350
Revenues from Intercompany Sales - eliminated from sales above		$	370,629			$	49,201			$	675,000			$	1,094,830
Depreciation and Amortization		$	312,122			$	47,645			$	6,416			$	366,183
Purchases of Long-lived Assets		$	399,975			$	4,177			$	4,992			$	409,144

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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