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COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS | 12 Months Ended
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Oct. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS | NOTE 6 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS Certified Deposit Interest Bearing Accounts The Company established certified deposit interest-bearing accounts with its current bankers HSBC NA and Jyske Bank in February 2023. These interest-bearing accounts are for rolling fixed short-term periods not exceeding 3 months and are classified in our financial statements as “cash equivalents”. The Company also maintains an interest-bearing deposit account in the UK that tracks the Bank of England base rate, which has no restrictions on access and has a current rate of 3.75%. The table below indicates the amounts which, at the date hereof, are held in certified deposit and unrestricted interest-bearing accounts, and interest earned in the period: SCHEDULE OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT AND INTEREST BEARING ACCOUNTS
|  | Deposit |  |  | Interest |  |  | Deposit |  |  | Interest |
Country |  | October 31, 2025 |  |  | October 31, 2025 |  |  | October 31, 2024 |  |  | October 31, 2024 |
USA |  | $ | 18,693,053 |  |  | $ | 616,437 |  |  | $ | 15,156,719 |  |  | $ | 823,816 |
UK |  |  | 3,416,612 |  |  |  | 82,126 |  |  |  | 764,659 |  |  |  | 103,144 |
*Denmark |  |  | - |  |  |  | 9,534 |  |  |  | - |  |  |  | 11,815 |
|  | $ | 22,109,665 |  |  | $ | 708,097 |  |  | $ | 15,921,378 |  |  | $ | 938,775 |
* |  | This amount relates to interest earned on our Jyske bank current account which is not part of our Certified Deposit arrangement
Inventory consisted of the following as of: SCHEDULE OF COMPONENTS OF INVENTORY
|  | October 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Raw materials and parts |  | $ | 10,622,753 |  |  | $ | 10,368,350 |
Work in progress |  |  | 565,147 |  |  |  | 193,062 |
Finished goods |  |  | 2,448,612 |  |  |  | 3,340,464 |
Stock in transit |  |  | - |  |  |  | 73,653 |
Total Inventory |  | $ | 13,636,512 |  |  | $ | 13,975,529 |
CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements October 31, 2025 and 2024 Other current assets consisted of the following as of: SUMMARY OF OTHER CURRENT ASSETS
|  | October 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Deposits and other assets |  | $ | 59,715 |  |  | $ | 63,630 |
Other Tax Receivables |  |  | - |  |  |  | 240,909 |
Employee Retention Credit Receivables |  |  | 212,300 |  |  |  | 212,300 |
Other Foreign Tax Receivables |  |  | 259,454 |  |  |  | 321,996 |
Total Other Current Assets |  | $ | 531,469 |  |  | $ | 838,835 |
Fixed assets consisted of the following as of: SCHEDULE OF FIXED ASSETS
|  | October 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Buildings |  | $ | 5,979,758 |  |  | $ | 5,881,237 |
Land |  |  | 200,000 |  |  |  | 200,000 |
Office machinery and equipment |  |  | 2,194,151 |  |  |  | 1,872,693 |
Software |  |  | 364,923 |  |  |  | - |
Rental assets |  |  | 2,874,192 |  |  |  | 2,784,921 |
Furniture, fixtures and improvements |  |  | 1,611,168 |  |  |  | 1,549,965 |
Totals |  |  | 13,224,192 |  |  |  | 12,288,816 |
Less: accumulated depreciation |  |  | (5,928,401 | ) |  |  | (5,465,826 | )
Total Property and Equipment, net |  |  | 7,295,791 |  |  |  | 6,822,990 |
Right of Use Asset (Operating Lease), net |  |  | 372,647 |  |  |  | 413,171 |
Total Fixed Assets, net |  | $ | 7,668,438 |  |  | $ | 7,236,161 |
Depreciation expense for the years ended October 31, 2025 and 2024 were $861,292 and $710,059, respectively. Property and equipment, net, by geographic areas were as follows: SCHEDULE OF PROPERTY AND EQUIPMENT, NET, BY GEOGRAPHIC AREAS
|  | October 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
USA |  | $ | 1,990,372 |  |  | $ | 1,743,840 |
Europe |  |  | 5,305,419 |  |  |  | 5,079,150 |
Total Property and Equipment, net |  | $ | 7,295,791 |  |  | $ | 6,822,990 |
Accrued Expenses and Other Current Liabilities consisted of the following as of: SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
|  | October 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Accruals |  | $ | 759,323 |  |  | $ | 560,986 |
Other Tax Accrued or Payable |  |  | 1,664,590 |  |  |  | 924,735 |
Employee Related |  |  | 52,039 |  |  |  | 118,875 |
Total Accrued Expenses and Other Current Liabilities |  | $ | 2,475,952 |  |  | $ | 1,604,596 |
CODA OCTOPUS GROUP, INC. Notes to the Consolidated Financial Statements October 31, 2025 and 2024 Total Other Income, net consisted of the following for the year ended: SCHEDULE OF OTHER INCOME
|  | October 31, |  |  | October 31, |
|  | 2025 |  |  | 2024 |
Grant Income |  | $ | 194,761 |  |  | $ | 34,422 |
Other |  |  | 73,331 |  |  |  | 53,960 |
Total Other Income |  |  | 268,092 |  |  |  | 88,382 |
Interest |  | $ | 708,097 |  |  | $ | 938,775 |
Total Other Income, net |  | $ | 976,189 |  |  | $ | 1,027,157 |

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