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SEGMENT ANALYSIS (Tables)

3 Months Ended

Jan. 31, 2023

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, 2023
Net Revenues		$	3,824,159			$	1,772,125			$	-			$	5,596,284
Cost of Revenues			1,064,244				779,035				-				1,843,279
Gross Profit			2,759,915				993,090				-				3,753,005
Research & Development			438,308				6,150				-				444,458
Selling, General & Administrative			661,759				646,310				654,382				1,962,451
Total Operating Expenses			1,100,067				652,460				654,382				2,406,909
Income (Loss) from Operations			1,659,848				340,630				(654,382	)			1,346,096
Other Income
Other Income			15,020				745				-				15,765
Total Other Income			15,020				745				-				15,765
Income (Loss) before Income Taxes			1,674,868				341,375				(654,382	)			1,361,861
Income Tax (Expense) Benefit
Current Tax (Expense) Benefit			(18,873	)			(19,856	)			38,718				(11	)
Deferred Tax (Expense) Benefit			-				-				36,007				36,007
Total Income Tax (Expense) Benefit			(18,873	)			(19,856	)			74,725				35,996
Net Income (Loss)		$	1,655,995			$	321,519			$	(579,657	)		$	1,397,857
Supplemental Disclosures
Total Assets		$	36,176,835			$	13,377,560			$	949,710			$	50,504,105
Total Liabilities		$	2,694,766			$	758,160			$	480,710			$	3,933,636
Revenues from Intercompany Sales - eliminated from sales above		$	829,674			$	45,707			$	680,000			$	1,555,381
Depreciation and Amortization		$	128,838			$	24,910			$	10,259			$	164,007
Purchases of Long-lived Assets		$	79,642			$	4,780			$	21,485			$	105,907

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

January 31, 2023 and October 31, 2022

NOTE 14 - SEGMENT ANALYSIS (Continued)

		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 (Expense) 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

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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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