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COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS | 9 Months Ended
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Jul. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS | NOTE 7 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS Certified Deposit Interest Bearing Accounts for the nine months ended July 31, 2025 and 2024. The Company has certified deposit interest-bearing accounts with its current bankers HSBC NA. These interest-bearing accounts are for rolling fixed short-term periods not exceeding 3 months and are classified in our financial statements as “cash equivalent”. In addition, we have an interest-bearing deposit account with HSBC UK which has no access restrictions and tracks at 0.25% discount to the Bank of England base rate, which at July 31,2025 had a rate of 4.00%. The table below indicates the interest income received and amounts which are held in certified deposit and unrestricted interest-bearing accounts as of July 31, 2025 and 2024, and interest earned in the respective periods : SCHEDULE OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT AND INTEREST BEARING ACCOUNTS
|  | 2025 |  |  | 2024 |
|  |  |  |  |  |  | Interest |  |  |  |  |  |  |  | Interest |
|  |  | Deposit |  |  |  | Income |  |  |  | Deposit |  |  |  | Income |
|  |  | July 31, 2025 |  |  |  | July 31, 2025 |  |  |  | July 31, 2024 |  |  |  | July 31, 2024 |
USA |  | $ | 17,570,384 |  |  | $ | 423,828 |  |  | $ | 17,768,418 |  |  | $ | 623,861 |
UK |  |  | 3,680,192 |  |  |  | 61,407 |  |  |  | 2,461,786 |  |  |  | 80,391 |
Denmark |  |  | - |  |  |  | 9,378 |  |  |  | - |  |  |  | 11,765 |
|  | $ | 21,250,576 |  |  | $ | 494,613 |  |  | $ | 20,230,204 |  |  | $ | 716,017 |
Inventory consisted of the following as of: SCHEDULE OF COMPONENTS OF INVENTORY
|  | July 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Raw materials and other sub-components |  | $ | 10,560,839 |  |  | $ | 10,368,350 |
Work in progress |  |  | 435,059 |  |  |  | 193,062 |
Finished goods |  |  | 2,716,479 |  |  |  | 3,340,464 |
Stock in transit |  |  | - |  |  |  | 73,653 |
Total Inventory |  | $ | 13,712,377 |  |  | $ | 13,975,529 |
Other current assets consisted of the following as of: SCHEDULE OF OTHER CURRENT ASSETS
|  | July 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Deposits |  | $ | 12,874 |  |  | $ | 63,630 |
Other Tax Receivables |  |  | 18,272 |  |  |  | 240,909 |
Employee Retention Credit Receivables |  |  | 212,300 |  |  |  | 212,300 |
Other Receivables |  |  | 179,520 |  |  |  | 321,996 |
Total Other Current Assets |  | $ | 422,966 |  |  | $ | 838,835 |
CODA OCTOPUS GROUP, INC. Notes to the Unaudited Consolidated Financial Statements July 31, 2025 and October 31, 2024 NOTE 7 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Continued) Fixed Assets consisted of the following as of: SCHEDULE OF FIXED ASSETS
|  | July 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Buildings |  | $ | 6,011,760 |  |  | $ | 5,881,237 |
Land |  |  | 200,000 |  |  |  | 200,000 |
Office machinery and equipment |  |  | 2,573,399 |  |  |  | 1,872,693 |
Rental assets |  |  | 2,983,030 |  |  |  | 2,784,921 |
Furniture, fixtures and improvements |  |  | 1,595,443 |  |  |  | 1,549,965 |
Totals |  |  | 13,363,632 |  |  |  | 12,288,816 |
Less: accumulated depreciation |  |  | (6,188,235 | ) |  |  | (5,465,826 | )
Total Property and Equipment, net |  |  | 7,175,397 |  |  |  | 6,822,990 |
Right of use assets, net |  |  | 388,085 |  |  |  | 413,171 |
Total Fixed Assets, net |  | $ | 7,563,482 |  |  | $ | 7,236,161 |
Depreciation expense for the three months ended July 31, 2025, and 2024 was $232,036 and $187,982, respectively, and for the nine months ended July 31, 2025, and 2024 was $642,801 and $533,968, respectively. Property and equipment, net, by geographic areas were as follows: SCHEDULE OF PROPERTY AND EQUIPMENT, NET, BY GEOGRAPHIC AREAS
|  | July 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
USA |  | $ | 1,964,741 |  |  | $ | 1,743,840 |
Europe |  |  | 5,210,656 |  |  |  | 5,079,150 |
Total Property and Equipment, net |  | $ | 7,175,397 |  |  | $ | 6,822,990 |
Accrued Expenses and Other Current Liabilities consisted of the following as of: SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
|  | July 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Accruals |  | $ | 368,892 |  |  | $ | 560,986 |
Other Tax Payables |  |  | 1,058,762 |  |  |  | 924,735 |
Commitment and Contingent Liability – PAL Earn Out |  |  | 158,872 |  |  |  | - |
Employee Related |  |  | 97,232 |  |  |  | 118,875 |
Total Accrued Expenses and Other Current Liabilities |  | $ | 1,683,758 |  |  | $ | 1,604,596 |
Total Other Income, consisted of the following: SCHEDULE OF OTHER INCOME
|  | Three Months |  |  | Three Months |  |  | Nine Months |  |  | Nine Months |
|  | Ended |  |  | Ended |  |  | Ended |  |  | Ended |
|  | July 31, |  |  | July 31, |  |  | July 31, |  |  | July 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Grant Income |  | $ | - |  |  | $ | - |  |  | $ | 100,186 |  |  | $ | 26,761 |
Other |  |  | 8,922 |  |  |  | 10,463 |  |  |  | 19,735 |  |  |  | 16,086 |
Total Other Income |  | $ | 8,922 |  |  | $ | 10,463 |  |  | $ | 119,921 |  |  | $ | 42,847 |
Interest Received |  |  | 154,848 |  |  |  | 230,009 |  |  |  | 494,613 |  |  |  | 716,017 |
Total Other Income, net |  |  | 163,770 |  |  |  | 240,472 |  |  |  | 614,534 |  |  |  | 758,864 |

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