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SEGMENT ANALYSIS (Tables)

3 Months Ended

Jan. 31, 2024

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, 2024
Net Revenues		$	3,542,766			$	918,425			$	-			$	4,461,191
Cost of Revenues			973,880				400,575				-				1,374,455
Gross Profit			2,568,886				517,850				-				3,086,736
Research & Development			461,375				24,602				-				485,977
Selling, General & Administrative			835,391				600,484				609,500				2,045,375
Total Operating Expenses			1,296,766				625,086				609,500				2,531,352
Income (Loss) from Operations			1,272,120				(107,236	)			(609,500	)			555,384
Other Income
Other Income			20,306				14,714				-				35,020
Interest Income			135,731				56,809				-				192,540
Total Other Income			156,037				71,523				-				227,560
Income (Loss) before Income Taxes			1,428,157				(35,713	)			(609,500	)			782,944
Income Tax (Expense) Benefit
Current Tax (Expense) Benefit			(35,540	)			-				69,555				34,015
Deferred Tax (Expense) Benefit			27,328				-				(214,399	)			(187,071	)
Total Income Tax (Expense) Benefit			(8,212	)			-				(144,844	)			(153,056	)
Net Income (Loss)		$	1,419,945			$	(35,713	)		$	(754,344	)		$	629,888
Supplemental Disclosures
Total Assets		$	36,685,343			$	13,298,356			$	3,029,244			$	53,012,943
Total Liabilities		$	1,963,391			$	429,635			$	470,239			$	2,863,265
Revenues from Intercompany Sales – eliminated from sales above		$	948,934			$	10,790			$	312,000			$	1,271,724
Depreciation and Amortization		$	153,019			$	25,357			$	12,162			$	190,538
Purchases of Long-lived Assets		$	132,423			$	2,208			$	27,845			$	162,476

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

January 31, 2024 and October 31, 2023

NOTE 12 – SEGMENT ANALYSIS (Continued)

		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 (Expense)
Other Income			2,904				-				-				2,904
Interest Income			12,116				745				-				12,861
Total Other Income (Expense)			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, 2024 and October 31, 2023

X

- 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.

+ References

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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