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ACQUISITION OF PRECISION ACOUSTICS LIMITED (Tables)
 12 Months Ended
Oct. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
SCHEDULE OF POTENTIAL EARNOUT PROVISION AMOUNTS

 

Earnout  2025 FY   2026 FY   2027 FY 
Revenue Target  $5,334,584   $5,867,914   $6,454,962 
Pre-Tax Profit Target  $1,046,476   $1,295,597   $1,573,133 
Earnout Amount Payable based on Targets  $208,472   $418,223   $652,275 
SCHEDULE OF PROFORMA INFORMATION

 

   October 31,   October 31, 
   2025   2024 
Net Revenue          
Coda Octopus Group  $

21,153,172

   $

20,316,161

 
Precision Acoustics   

5,409,954

    

4,942,389

 
Combined Net Revenue   

26,563,126

    

25,258,550

 
           
Net Income          
Amortization of acquired intangible assets, pro forma  $

(480,325

)  $(477,181)
Coda Octopus Group   

3,226,502

    

3,645,996

 
Precision Acoustics   

1,383,753

    

483,776

 
Combined Net Income  $

4,129,930

   $3,652,591 
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED IN ACQUISITION

The table below shows the fair value of the assets acquired and liabilities assumed in connection with the PAL acquisition.

 

 

   October 29, 2024 
Description  Amount 
Tangible assets and liabilities acquired     
Cash (including excess cash amount purchased of $1,337,415)  $1,933,284 
Accounts receivable   698,595 
Inventory   980,594 
Property, plant and equipment   509,337 
Right of Use Asset   417,881 
Accounts payable   (362,305)
Lease liability   (417,881)
Deferred revenues   (498,422)
Accruals and other liabilities   (151,532)
Intangible assets and liabilities at fair value     
Fair value of noncompete agreement   224,637 
Value of PA technology   2,947,155 
Expected value of earnout provision   - 
Goodwill   257,226 
Total purchase price  $6,538,569 
Acquisition, net of acquired cash  $4,605,285