XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

SEGMENT ANALYSIS (Tables) | 3 Months Ended
--- | ---
Jan. 31, 2025
Segment Reporting [Abstract] |
SCHEDULE OF SEGMENT REPORTING INFORMATION | SCHEDULE OF SEGMENT REPORTING INFORMATION
|  | Marine Technology Business |  |  | Acoustic Sensors and Materials Business (“PAL”) |  |  | Marine Engineering Business |  |  | Overhead |  |  | Total |
Three Months Ended January 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 2,275,809 |  |  | $ | 1,312,261 |  |  | $ | 1,621,645 |  |  | $ | - |  |  | $ | 5,209,715 |
Cost of Revenues |  |  | 612,168 |  |  |  | 502,117 |  |  |  | 666,960 |  |  |  | - |  |  |  | 1,781,245 |
Gross Profit |  |  | 1,663,641 |  |  |  | 810,144 |  |  |  | 954,685 |  |  |  | - |  |  |  | 3,428,470 |
Research & Development |  |  | 405,812 |  |  |  | 90,964 |  |  |  | 46,350 |  |  |  | - |  |  |  | 543,126 |
Selling, General & Administrative |  |  | 565,864 |  |  |  | 238,254 |  |  |  | 637,896 |  |  |  | 781,308 |  |  |  | 2,223,322 |
Total Operating Expenses |  |  | 971,676 |  |  |  | 329,218 |  |  |  | 684,246 |  |  |  | 781,308 |  |  |  | 2,766,448 |
Income (Loss) from Operations |  |  | 691,965 |  |  |  | 480,926 |  |  |  | 270,439 |  |  |  | (781,308 | ) |  |  | 662,022 |
Other Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other Income |  |  | 5,846 |  |  |  | 72,821 |  |  |  | - |  |  |  | - |  |  |  | 78,667 |
Interest Income |  |  | 155,313 |  |  |  | 2,302 |  |  |  | 27,356 |  |  |  | 9,200 |  |  |  | 194,171 |
Total Other Income |  |  | 161,159 |  |  |  | 75,123 |  |  |  | 27,356 |  |  |  | 9,200 |  |  |  | 272,838 |
Income (Loss) before Income Taxes |  |  | 853,124 |  |  |  | 556,049 |  |  |  | 297,795 |  |  |  | (772,108 | ) |  |  | 934,860 |
Income Tax (Expense) Benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Tax (Expense) |  |  | (48,874 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (48,874 | )
Deferred Tax Benefit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 26,989 |  |  |  | 26,989 |
Total Income Tax (Expense) Benefit |  |  | (48,874 | ) |  |  | - |  |  |  | - |  |  |  | 26,989 |  |  |  | (21,885 | )
Net Income (Loss) |  | $ | 804,250 |  |  | $ | 556,049 |  |  | $ | 297,795 |  |  | $ | (745,119 | ) |  | $ | 912,975 |
Supplemental Disclosures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 34,107,320 |  |  | $ | 6,558,739 |  |  | $ | 13,573,805 |  |  | $ | 2,657,434 |  |  | $ | 56,897,298 |
Total Liabilities |  | $ | 1,586,101 |  |  | $ | 1,027,551 |  |  | $ | 730,161 |  |  | $ | 440,428 |  |  | $ | 3,784,241 |
Intercompany sales that are not included in Net Revenues shown above |  | $ | 922,331 |  |  | $ | 2,752 |  |  | $ | 18,813 |  |  | $ | 312,000 |  |  | $ | 1,255,896 |
Depreciation and Amortization |  | $ | 147,331 |  |  | $ | 156,370 |  |  | $ | 16,704 |  |  | $ | 13,000 |  |  | $ | 333,405 |
Purchases of Long-lived Assets |  | $ | 18,298 |  |  | $ | 107,342 |  |  | $ | 2,468 |  |  | $ | - |  |  | $ | 128,108 |
CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements January 31, 2025 and October 31, 2024 NOTE 15 – SEGMENT ANALYSIS (Continued) In the Segment Analysis information presented for the Previous Quarter, there is no information for the Acoustics Sensors and Material Business (“PAL”) as this business unit was acquired on October 29, 2024.
|  | Marine Technology Business |  |  | Marine Engineering Business |  |  | 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 Benefit (Expense) |  |  | 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 |
Intercompany sales that are not included in Net Revenues shown 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 |

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 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration