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DISAGGREGATION OF REVENUE (Tables)
9 Months Ended
Jul. 31, 2023
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF DISAGGREGATE OF REVENUE FROM CONTRACTS FOR SALE WITH CUSTOMERS BY GEOGRAPHIC LOCATION

  

   For the Three Months Ended July 31, 2023 
   Marine   Marine     
   Technology   Engineering   Grand 
   Business   Business   Total 
Disaggregation of Total Net Sales               
                
Primary Geographical Markets               
Americas  $1,321,495   $1,285,133   $2,606,628 
Europe   503,186    742,148    1,245,334 
Australia/Asia   442,670    -    442,670 
Middle East/Africa   595,900    -    595,900 
                
Total Revenues  $2,863,251   $2,027,281   $4,890,532 
                
Major Goods/Service Lines               
Equipment Sales  $2,143,203   $81,671   $2,224,874 
Equipment Rentals   303,525    -    303,525 
Software Sales   147,453    -    147,453 
Engineering Parts   -    1,377,562    1,377,562 
Services   269,070    568,048    837,118 
                
Total Revenues  $2,863,251   $2,027,281   $4,890,532 
                
Goods transferred at a point in time  $2,290,656   $81,671   $2,372,327 
Services transferred over time   572,595    1,945,610    2,518,205 
                
Total Revenues  $2,863,251   $2,027,281   $4,890,532 

 

   For the Three Months Ended July 31, 2022 
   Marine   Marine     
   Technology   Engineering   Grand 
   Business   Business   Total 
Disaggregation of Total Net Sales               
                
Primary Geographical Markets               
Americas  $1,626,657   $1,468,483   $3,095,140 
Europe   278,973    794,369    1,073,342 
Australia/Asia   1,435,637    -    1,435,637 
Middle East/Africa   663,290    -    663,290 
                
Total Revenues  $4,004,557   $2,262,852   $6,267,409 
                
Major Goods/Service Lines               
Equipment Sales  $2,928,019   $451,416   $3,379,435 
Equipment Rentals   380,984    -    380,984 
Software Sales   252,204    -    252,204 
Engineering Parts   -    999,228    999,228 
Services   443,350    812,208    1,255,558 
                
Total Revenues  $4,004,557   $2,262,852   $6,267,409 
                
Goods transferred at a point in time  $3,180,223   $451,416   $3,631,639 
Services transferred over time   824,334    1,811,436    2,635,770 
                
Total Revenues  $4,004,557   $2,262,852   $6,267,409 

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

July 31, 2023, and October 31, 2022

 

NOTE 15 – DISAGGREGATION OF REVENUE (Continued)

 

   For the Nine Months Ended July 31, 2023 
   Marine   Marine     
   Technology   Engineering   Grand 
   Business   Business   Total 
Disaggregation of Total Net Sales               
                
Primary Geographical Markets               
Americas  $3,562,038   $3,753,001   $7,315,039 
Europe   2,011,784    1,764,485    3,776,269 
Australia/Asia   3,799,349    -    3,799,349 
Middle East/Africa   897,668    -    897,668 
                
Total Revenues  $10,270,839   $5,517,486   $15,788,325 
                
Major Goods/Service Lines               
Equipment Sales  $7,215,919   $89,624   $7,305,543 
Equipment Rentals   1,088,855    -    1,088,855 
Software Sales   784,046    -    784,046 
Engineering Parts   -    3,598,547    3,598,547 
Services   1,182,019    1,829,315    3,011,334 
                
Total Revenues  $10,270,839   $5,517,486   $15,788,325 
                
Goods transferred at a point in time  $7,999,965   $89,624   $8,089,589 
Services transferred over time   2,270,874    5,427,862    7,698,736 
                
Total Revenues  $10,270,839   $5,517,486   $15,788,325 

 

   For the Nine Months Ended July 31, 2022 
   Marine   Marine     
   Technology   Engineering   Grand 
   Business   Business   Total 
Disaggregation of Total Net Sales               
                
Primary Geographical Markets               
Americas  $4,109,260   $3,251,009   $7,360,269 
Europe   991,323    2,520,132    3,511,455 
Australia/Asia   4,477,178    -    4,477,178 
Middle East/Africa   1,741,553    -    1,741,553 
                
Total Revenues  $11,319,314   $5,771,141   $17,090,455 
                
Major Goods/Service Lines               
Equipment Sales  $6,945,001   $1,431,414   $8,376,415 
Equipment Rentals   1,726,760    -    1,726,760 
Software Sales   691,422    -    691,422 
Engineering Parts   -    2,918,181    2,918,181 
Services   1,956,131    1,421,546    3,377,677 
                
Total Revenues  $11,319,314   $5,771,141   $17,090,455 
                
Goods transferred at a point in time  $7,618,776   $1,431,416   $9,050,190 
Services transferred over time   3,700,538    4,339,725    8,040,265 
                
Total Revenues  $11,319,314   $5,771,141   $17,090,455 

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

July 31, 2023, and October 31, 2022