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DISAGGREGATION OF REVENUE | 6 Months Ended
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Apr. 30, 2022
Revenue from Contract with Customer [Abstract] |
DISAGGREGATION OF REVENUE | NOTE 15 –DISAGGREGATION OF REVENUE SCHEDULE OF DISAGGREGATE OF REVENUE FROM CONTRACTS FOR SALE WITH CUSTOMERS BY GEOGRAPHIC LOCATION
|  | For the Three Months Ended April 30, 2022 |
|  | Marine |  |  | Marine |  |  |  |
|  | Technology |  |  | Engineering |  |  | Grand |
|  | Business |  |  | Business |  |  | Total |
Disaggregation of Total Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Primary Geographical Markets |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 424,935 |  |  | $ | 578,244 |  |  | $ | 1,003,179 |
Europe |  |  | 221,334 |  |  |  | 915,585 |  |  |  | 1,136,919 |
Australia/Asia |  |  | 2,226,457 |  |  |  | - |  |  |  | 2,226,457 |
Middle East/Africa |  |  | 618,283 |  |  |  | - |  |  |  | 618,283 |
Total Revenues |  | $ | 3,491,009 |  |  | $ | 1,493,829 |  |  | $ | 4,984,838 |
Major Goods/Service Lines |  |  |  |  |  |  |  |  |  |  |  |
Equipment Sales |  | $ | 2,058,137 |  |  | $ | 543,134 |  |  | $ | 2,601,271 |
Equipment Rentals |  |  | 715,308 |  |  |  | - |  |  |  | 715,308 |
Software Sales |  |  | 134,422 |  |  |  | - |  |  |  | 134,422 |
Engineering Parts |  |  | - |  |  |  | 618,335 |  |  |  | 618,335 |
Services |  |  | 583,142 |  |  |  | 332,360 |  |  |  | 915,502 |
Total Revenues |  | $ | 3,491,009 |  |  | $ | 1,493,829 |  |  | $ | 4,984,838 |
Goods transferred at a point in time |  | $ | 2,174,910 |  |  | $ | 543,134 |  |  | $ | 2,718,044 |
Services transferred over time |  |  | 1,316,099 |  |  |  | 950,695 |  |  |  | 2,266,794 |
Total Revenues |  | $ | 3,491,009 |  |  | $ | 1,493,829 |  |  | $ | 4,984,838 |
CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements April 30, 2022, and October 31, 2021 NOTE 15 –DISAGGREGATION OF REVENUE (Continued)
|  | For the Three Months Ended April 30, 2021 |
|  | Marine |  |  | Marine |  |  |  |
|  | Technology |  |  | Engineering |  |  | Grand |
|  | Business |  |  | Business |  |  | Total |
Disaggregation of Total Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Primary Geographical Markets |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 914,529 |  |  | $ | 597,463 |  |  | $ | 1,511,992 |
Europe |  |  | 1,665,643 |  |  |  | 591,204 |  |  |  | 2,256,847 |
Australia/Asia |  |  | 1,487,023 |  |  |  | - |  |  |  | 1,487,023 |
Middle East/Africa |  |  | 117,214 |  |  |  | - |  |  |  | 117,214 |
Total Revenues |  | $ | 4,184,409 |  |  | $ | 1,188,667 |  |  | $ | 5,373,076 |
Major Goods/Service Lines |  |  |  |  |  |  |  |  |  |  |  |
Equipment Sales |  | $ | 3,090,462 |  |  | $ | 93,505 |  |  | $ | 3,183,967 |
Equipment Rentals |  |  | 598,190 |  |  |  | - |  |  |  | 598,190 |
Software Sales |  |  | 221,053 |  |  |  | - |  |  |  | 221,053 |
Engineering Parts |  |  | - |  |  |  | 778,369 |  |  |  | 778,369 |
Services |  |  | 274,704 |  |  |  | 316,792 |  |  |  | 591,496 |
Total Revenues |  | $ | 4,184,409 |  |  | $ | 1,188,667 |  |  | $ | 5,373,076 |
Goods transferred at a point in time |  | $ | 3,311,515 |  |  | $ | 93,505 |  |  | $ | 3,405,020 |
Services transferred over time |  |  | 872,894 |  |  |  | 1,095,162 |  |  |  | 1,968,056 |
Total Revenues |  | $ | 4,184,409 |  |  | $ | 1,188,667 |  |  | $ | 5,373,076 |
CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements April 30, 2022, and October 31, 2021 NOTE 15 –DISAGGREGATION OF REVENUE (Continued)
|  | For the Six Months Ended April 30, 2022 |
|  | Marine |  |  | Marine |  |  |  |
|  | Technology |  |  | Engineering |  |  | Grand |
|  | Business |  |  | Business |  |  | Total |
Disaggregation of Total Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Primary Geographical Markets |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 2,482,603 |  |  | $ | 1,782,526 |  |  | $ | 4,265,129 |
Europe |  |  | 712,350 |  |  |  | 1,725,763 |  |  |  | 2,438,113 |
Australia/Asia |  |  | 3,041,541 |  |  |  | - |  |  |  | 3,041,541 |
Middle East/Africa |  |  | 1,078,263 |  |  |  | - |  |  |  | 1,078,263 |
Total Revenues |  | $ | 7,314,757 |  |  | $ | 3,508,289 |  |  | $ | 10,823,046 |
Major Goods/Service Lines |  |  |  |  |  |  |  |  |  |  |  |
Equipment Sales |  | $ | 4,016,982 |  |  | $ | 979,998 |  |  | $ | 4,996,980 |
Equipment Rentals |  |  | 1,345,776 |  |  |  | - |  |  |  | 1,345,776 |
Software Sales |  |  | 439,218 |  |  |  | - |  |  |  | 439,218 |
Engineering Parts |  |  | - |  |  |  | 1,918,953 |  |  |  | 1,918,953 |
Services |  |  | 1,512,781 |  |  |  | 609,338 |  |  |  | 2,122,119 |
Total Revenues |  | $ | 7,314,757 |  |  | $ | 3,508,289 |  |  | $ | 10,823,046 |
Goods transferred at a point in time |  | $ | 4,438,551 |  |  | $ | 980,000 |  |  | $ | 5,418,551 |
Services transferred over time |  |  | 2,876,206 |  |  |  | 2,528,289 |  |  |  | 5,404,495 |
Total Revenues |  | $ | 7,314,757 |  |  | $ | 3,508,289 |  |  | $ | 10,823,046 |
CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements April 30, 2022, and October 31, 2021 NOTE 15 –DISAGGREGATION OF REVENUE (Continued)
|  | For the Six Months Ended April 30, 2021 |
|  | Marine |  |  | Marine |  |  |  |
|  | Technology |  |  | Engineering |  |  | Grand |
|  | Business |  |  | Business |  |  | Total |
Disaggregation of Total Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Primary Geographical Markets |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 1,463,807 |  |  | $ | 1,113,904 |  |  | $ | 2,577,711 |
Europe |  |  | 2,790,755 |  |  |  | 1,376,943 |  |  |  | 4,167,698 |
Australia/Asia |  |  | 3,495,233 |  |  |  | - |  |  |  | 3,495,233 |
Middle East/Africa |  |  | 182,893 |  |  |  | - |  |  |  | 182,893 |
Total Revenues |  | $ | 7,932,688 |  |  | $ | 2,490,847 |  |  | $ | 10,423,535 |
Major Goods/Service Lines |  |  |  |  |  |  |  |  |  |  |  |
Equipment Sales |  | $ | 5,883,949 |  |  | $ | 314,462 |  |  | $ | 6,198,411 |
Equipment Rentals |  |  | 932,553 |  |  |  | - |  |  |  | 932,553 |
Software Sales |  |  | 446,275 |  |  |  | - |  |  |  | 446,275 |
Engineering Parts |  |  | - |  |  |  | 1,634,716 |  |  |  | 1,634,716 |
Services |  |  | 669,911 |  |  |  | 541,668 |  |  |  | 1,211,579 |
Total Revenues |  | $ | 7,932,688 |  |  | $ | 2,490,847 |  |  | $ | 10,423,535 |
Goods transferred at a point in time |  | $ | 6,367,552 |  |  | $ | 314,462 |  |  | $ | 6,682,014 |
Services transferred over time |  |  | 1,565,136 |  |  |  | 2,176,385 |  |  |  | 3,741,521 |
Total Revenues |  | $ | 7,932,688 |  |  | $ | 2,490,847 |  |  | $ | 10,423,535 |
CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements April 30, 2022, and October 31, 2021

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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