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CONCENTRATIONS | 9 Months Ended
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Jul. 31, 2022
Risks and Uncertainties [Abstract] |
CONCENTRATIONS | NOTE 10 – CONCENTRATIONS Significant Customers During the three months ended July 31, 2022, the Company had one customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $660,750, or 10.5% of net revenues during the three months ended July 31, 2022. Receivables from this customer were $246,100, or 5.8% of net receivables as of July 31, 2022. During the three months ended July 31, 2021, the Company had two customers from whom it generated sales greater than 10% of net revenues. Revenues from these customers were $1,474,464, or 25% of net revenues during the three months ended July 31, 2021. Receivables from these customers were $72,449 or 3.2% of net receivable as of July 31, 2021. During the nine months ended July 31, 2022, the Company had one customer from whom it generated sales of 10% or more of net revenues. Revenues from this customer were $1,709,791, or 10% of net revenues during the nine months ended July 31, 2022. Receivables from this customer were $542,515 or 12.75% of net receivables as of July 31, 2022 During the nine months ended July 31, 2021, the Company had one customer from whom it generated sales of $1,588,172, or 10% of net revenues. Receivables from this customer were $72,449 or 3.2% of net receivables as of July 31, 2021. CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements July 31, 2022, and October 31, 2021

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI https://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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