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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

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No definition available.

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