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SEGMENT ANALYSIS (Tables)

9 Months Ended

Jul. 31, 2025

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

 SCHEDULE OF SEGMENT REPORTING INFORMATION

		Marine Technology Business (“Products”)				Acoustic Sensors and Materials Business (“PAL”)				Marine Engineering Business (“Engineering”)				Overhead				Total
Three Months Ended July 31, 2025
Net Revenues		$	3,984,475			$	1,458,536			$	1,621,784			$	-			$	7,064,795
Cost of Revenues			915,778				659,377				665,884				-				2,241,039
Gross Profit			3,068,697				799,159				955,900				-				4,823,756
Research & Development			428,007				98,502				45,959				-				572,468
Selling, General & Administrative			1,342,856				451,588				662,604				414,261				2,871,309
Total Operating Expenses			1,770,863				550,090				708,563				414,261				3,443,777
Income (Loss) from Operations			1,297,834				249,069				247,337				(414,261	)			1,379,979
Other Income
Other Income			7,027				1,895				-				-				8,922
Interest Income			121,878				1,144				29,998				1,828				154,848
Total Other Income			128,905				3,039				29,998				1,828				163,770
Income (Loss) before Income Taxes			1,426,739				252,108				277,335				(412,433	)			1,543,749
Income Tax (Expense) Benefit
Current Tax (Expense)			363				(3,160	)			(46,389	)			(219,600	)			(268,786	)
Deferred Tax Benefit			-				-				-				8,022				8,022
Total Income Tax (Expense) Benefit			363				(3,160	)			(46,389	)			(211,578	)			(260,764	)
Net Income (Loss)		$	1,427,102			$	248,948			$	230,946			$	(624,011	)		$	1,282,985
Supplemental Disclosures
Total Assets		$	38,121,854			$	6,838,086			$	13,485,367			$	3,467,751			$	61,913,058
Total Liabilities		$	2,313,810			$	1,215,699			$	744,611			$	367,192			$	4,641,312
Revenues from Intercompany Sales - eliminated from sales above		$	2,108,899			$	22,914			$	171,218			$	1,563,000			$	3,866,031
Depreciation and Amortization		$	142,362			$	196,344			$	16,446			$	13,143			$	368,295
Purchases of Long-lived Assets		$	210,225			$	20,072			$	10,050			$	-			$	240,347

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

July 31, 2025 and October 31, 2024

NOTE 15 – SEGMENT ANALYSIS (Continued)

In the Segment Analysis information presented for the Previous Quarter, there is no comparative information for the Acoustics Sensors and Material Business (“PAL”) as this business unit was acquired by the Company on October 29, 2024.

		Marine Technology Business (“Products”)				Marine Engineering Business (“Engineering”)				Overhead				Total
Three Months Ended July 31, 2024
Net Revenues		$	3,048,544			$	2,428,000			$	-			$	5,476,544
Cost of Revenues			521,141				906,865				-				1,428,006
Gross Profit			2,527,403				1,521,135				-				4,048,538
Research & Development			459,879				36,480				-				496,359
Selling, General & Administrative			1,085,495				498,941				576,969				2,161,405
Total Operating Expenses			1,545,374				535,421				576,969				2,657,764
Income (Loss) from Operations			982,029				985,714				(576,969	)			1,390,774
Other Income
Other Income			10,396				67				-				10,463
Interest Income			161,875				44,707				23,427				230,009
Total Other Income			172,271				44,774				23,427				240,472
Income (Loss) before Income Taxes			1,154,300				1,030,488				(553,542	)			1,631,246
Income Tax (Expense) Benefit
Current Tax (Expense)			(101,172	)			-				(224,453	)			(325,625	)
Deferred Tax (Expense)			(27,309	)			-				(3,654	)			(30,963	)
Total Income Tax (Expense)			(128,481	)			-				(228,107	)			(356,588	)
Net Income (Loss)		$	1,025,819			$	1,030,488			$	(781,649	)		$	1,274,658
Supplemental Disclosures
Total Assets		$	37,464,861			$	14,827,016			$	3,653,237			$	55,945,114
Total Liabilities		$	1,952,347			$	747,484			$	440,246			$	3,140,077
Revenues from Intercompany Sales - eliminated from sales above		$	1,088,573			$	70,284			$	318,000			$	1,476,857
Depreciation and Amortization		$	167,914			$	21,029			$	12,058			$	201,001
Purchases of Long-lived Assets		$	151,526			$	13,414			$	15,082			$	180,022

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

July 31, 2025 and October 31, 2024

NOTE 15 - SEGMENT ANALYSIS (Continued)

		Marine Technology Business (“Products”)				Acoustic Sensors and Materials Business (“PAL”)				Marine Engineering Business (“Engineering”)				Overhead				Total
Nine Months Ended July 31, 2025
Net Revenues		$	10,138,374			$	4,069,866			$	5,083,729			$	-			$	19,291,969
Cost of Revenues			2,779,363				1,611,158				2,151,941				-				6,542,462
Gross Profit			7,359,011				2,458,708				2,931,788				-				12,749,507
Research & Development			1,399,204				284,732				121,653				-				1,805,589
Selling, General & Administrative			3,006,078				1,298,765				1,840,591				1,668,799				7,814,233
Total Operating Expenses			4,405,282				1,583,497				1,962,244				1,668,799				9,619,822
Income (Loss) from Operations			2,953,729				875,211				969,544				(1,668,799	)			3,129,685
Other Income
Other Income			17,840				102,081				-				-				119,921
Interest Income			363,549				4,736				83,308				43,020				494,613
Total Other Income			381,389				106,817				83,308				43,020				614,534
Income (Loss) before Income Taxes			3,335,118				982,028				1,052,852				(1,625,779	)			3,744,219
Income Tax (Expense) Benefit
Current Tax (Expense)			(81,169	)			(170,243	)			(46,389	)			(394,560	)			(692,361	)
Deferred Tax Benefit			-				-				-				52,864				52,864
Total Income Tax (Expense)			(81,169	)			(170,243	)			(46,389	)			(341,696	)			(639,497	)
Net Income (Loss)		$	3,253,949			$	811,785			$	1,006,463			$	(1,967,475	)		$	3,104,722
Supplemental Disclosures
Total Assets		$	38,121,854			$	6,838,086			$	13,485,367			$	3,467,751			$	61,913,058
Total Liabilities		$	2,313,810			$	1,215,699			$	744,611			$	367,192			$	4,641,312
Revenues from Intercompany Sales - eliminated from sales above		$	5,220,773			$	45,005			$	273,952			$	2,175,000			$	7,714,730
Depreciation and Amortization		$	424,179			$	525,736			$	48,973			$	38,479			$	1,037,367
Purchases of Long-lived Assets		$	233,519			$	134,049			$	25,098			$	-			$	392,666

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

July 31, 2025 and October 31, 2024

NOTE 15 - SEGMENT ANALYSIS (Continued)

		Marine Technology Business (“Products”)				Marine Engineering Business (“Engineering”)				Overhead				Total
Nine Months Ended July 31, 2024
Net Revenues		$	10,116,024			$	5,144,889			$	-			$	15,260,913
Cost of Revenues			2,192,486				2,194,719				-				4,387,205
Gross Profit			7,923,538				2,950,170				-				10,873,708
Research & Development			1,406,315				118,502				-				1,524,817
Selling, General & Administrative			2,713,704				1,695,875				1,642,771				6,052,350
Total Operating Expenses			4,120,019				1,814,377				1,642,771				7,577,167
Income (Loss) from Operations			3,803,519				1,135,793				(1,642,771	)			3,296,541
Other Income
Other Income			16,086				26,761				-				42,847
Interest Income			499,763				153,583				62,671				716,017
Total Other Income			515,849				180,344				62,671				758,864
Income (Loss) before Income Taxes			4,319,368				1,316,137				(1,580,100	)			4,055,405
Income Tax (Expense) Benefit
Current Tax (Expense)			(180,612	)			-				(302,071	)			(482,683	)
Deferred Tax (Expense)			(10,956	)			-				(241,982	)			(252,938	)
Total Income Tax (Expense)			(191,568	)			-				(544,053	)			(735,621	)
Total Income Tax (Expense) Benefit			(191,568	)			-				(544,053	)			(735,621	)
Net Income (Loss)		$	4,127,800			$	1,316,137			$	(2,124,153	)		$	3,319,784
Supplemental Disclosures
Total Assets		$	37,464,861			$	14,827,016			$	3,653,237			$	55,945,114
Total Liabilities		$	1,952,347			$	747,484			$	440,246			$	3,140,077
Revenues from Intercompany Sales - eliminated from sales above		$	2,512,249			$	185,337			$	948,000			$	3,645,586
Depreciation and Amortization		$	474,248			$	70,730			$	35,877			$	580,855
Purchases of Long-lived Assets		$	437,288			$	16,807			$	85,745			$	539,840

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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X

- References

No definition available.

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