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SEGMENT ANALYSIS (Tables)

12 Months Ended

Oct. 31, 2024

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

SCHEDULE OF SEGMENT REPORTING INFORMATION 

		Products				Services				Overhead				Total
Year Ended October 31, 2024
Net Revenues		$	12,806,603			$	7,509,558			$	-			$	20,316,161
Cost of Revenues			2,824,541				3,318,515				-				6,143,056
Gross Profit			9,982,062				4,191,043				-				14,173,105
Research & Development			2,019,112				223,317				-				2,242,429
Selling, General & Administrative			3,814,860				2,248,493				2,283,192				8,346,545
Total Operating Expenses			5,833,972				2,471,810				2,283,192				10,588,974
Income (Loss) from Operations			4,148,090				1,719,233				(2,283,192	)			3,584,131
Other Income
Other Income			53,960				34,422				-				88,382
Interest Income			657,817				198,239				82,719				938,775
Total Other Income			711,777				232,661				82,719				1,027,157
Income (Loss) before Income Taxes			4,859,867				1,951,894				(2,200,473	)			4,611,288
Income Tax Expense
Current Tax Expense			316,955				169,374				227,341				713,670
Deferred Tax Expense (Benefit)			(5,655	)			19,169				238,108				251,622
Total Income Tax Expense			311,300				188,543				465,449				965,292
Net Income (Loss)		$	4,548,567			$	1,763,351			$	(2,665,922	)		$	3,645,996
Supplemental Disclosures
*Total Assets		$	40,922,453			$	13,404,567			$	3,217,524			$	57,544,544
*Total Liabilities		$	3,072,876			$	842,450			$	500,695			$	4,416,021
Revenues from Intercompany Sales - eliminated from sales above		$	3,367,839			$	238,143			$	1,266,000			$	4,871,982
Depreciation and Amortization		$	632,882			$	88,166			$	49,487			$	770,535
Purchases of Long-lived Assets		$	345,191			$	23,786			$	89,103			$	458,079

* The Total Assets and Total Liabilities included in the Supplemental Disclosures include PAL

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

October 31, 2024 and 2023

		Products				Services				Overhead				Total
Year Ended October 31, 2023
Net Revenues		$	12,119,066			$	7,233,022			$	-			$	19,352,088
Cost of Revenues			2,819,796				3,501,237				-				6,321,033
Gross Profit			9,299,270				3,731,785				-				13,031,055
Research & Development			2,043,890				52,577				-				2,096,467
Selling, General & Administrative			3,109,566				2,463,087				2,622,383				8,195,036
Total Operating Expenses			5,153,456				2,515,664				2,622,383				10,291,503
Income (Loss) from Operations			4,145,814				1,216,121				(2,622,383	)			2,739,552
Other Income
Other Income			39,146				-				-				39,146
Interest Income			544,892				97,638				-				642,530
Total Other Income			584,038				97,638				-				681,676
Income (Loss) before Income Taxes			4,729,852				1,313,759				(2,622,383	)			3,421,228
Income Tax Expense (Benefit)
Current Tax Expense (Benefit)			272,126				78,876				(102,347	)			248,655
Deferred Tax Expense (Benefit)			115,954				(54,382	)			(13,148	)			48,424
Total Income Tax Expense (Benefit)			388,080				24,494				(115,495	)			297,079
Net Income (Loss)		$	4,341,772			$	1,289,265			$	(2,506,888	)		$	3,124,149
Supplemental Disclosures
Total Assets		$	36,969,673			$	13,604,262			$	1,267,581			$	51,841,516
Total Liabilities		$	2,263,761			$	732,582			$	416,407			$	3,412,750
Revenues from Intercompany Sales - eliminated from sales above		$	4,602,741			$	584,622			$	1,200,000			$	6,387,363
Depreciation and Amortization		$	523,339			$	100,689			$	43,502			$	667,530
Purchases of Long-lived Assets		$	1,996,544			$	25,404			$	108,392			$	2,130,340

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-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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- References

No definition available.

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