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SEGMENT ANALYSIS (Tables)
 12 Months Ended
Oct. 31, 2025
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION

 

   Marine Technology Business (“Products”)   Acoustic Sensors and Materials Business (“PAL”)  

Defense Engineering Services

Business (“Services”)

   Corporate   Total 
                     
Year Ended October 31, 2025                         
                          
Net Revenues  $

13,221,339

   $5,409,954   $7,931,833   $-   $

26,563,126

 
                          
Cost of Revenues   3,375,922    2,237,430    3,287,406    -    8,900,758 
                          
Gross Profit   

9,845,417

    3,172,524    4,644,427    -    

17,662,368

 
                          
Research & Development   1,858,139    414,370    175,253    -    2,447,762 
Selling, General & Administrative   4,091,421    

1,920,985

    2,466,341    2,199,831    

10,678,578

 
                          
Total Operating Expenses   5,949,560    

2,335,355

    2,641,594    2,199,831    

13,126,340

 
                          
Income (Loss) from Operations   

3,895,857

    

837,169

    2,002,833    (2,199,831)   

4,536,028

 
                          
Other Income                         
Other Income   73,331    194,761    -    -    268,092 
Interest Income   505,465    5,661    107,106    89,865    708,097 
                          
Total Other Income   578,796    200,422    107,106    89,865    976,189 
                          
Income (Loss) before Income Taxes   

4,474,653

    

1,037,591

    2,109,939    (2,109,966)   

5,512,217

 
                          
Income Tax Expense                         
Current Tax Expense   201,167    43,118    183,338    722,192    1,149,815 
Deferred Tax Expense (Benefit)   188,755    91,045    13,252    (60,580)   

232,472

                          
Total Income Tax Expense   389,922    134,163    196,590    661,612    1,382,287 
                          
Net Income (Loss)  $

4,084,731

   $

903,428

   $1,913,349   $(2,771,578)  $

4,129,930

 
                          
Supplemental Disclosures                         
                          
Total Assets  $

38,279,403

   $

7,100,814

   $14,766,853   $4,346,492   $

64,493,562

 
                          
Total Liabilities  $

2,969,095

   $1,376,533   $1,198,902   $833,618   $

6,378,148

 
                          
Revenues from Intercompany Sales - eliminated from sales above  $6,144,638   $51,896   $374,311   $2,600,000   $9,170,845 
                          
Depreciation and Amortization  $563,530   $

710,565

   $65,480   $51,935   $

1,391,510

 
                          
Purchases of Long-lived Assets  $531,792   $248,560   $

53,980

   $336,386   $

1,170,718

 

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

October 31, 2025 and 2024

 

   Marine Technology Business (“Products”)  

Defense Engineering Services

Business (“Services”)

   Corporate   Total 
                 
Year Ended October 31, 2024                    
                     
Net Revenues  $12,806,603   $7,509,558   $-   $20,316,161 
                     
Cost of Revenues   2,824,541    3,318,515    -    6,143,056 
                     
Gross Profit   9,982,062    4,191,043    -    14,173,105 
                     
Research & Development   2,019,112    223,317    -    2,242,429 
Selling, General & Administrative   3,814,860    2,248,493    2,283,192    8,346,545 
                     
Total Operating Expenses   5,833,972    2,471,810    2,283,192    10,588,974 
                     
Income (Loss) from Operations   4,148,090    1,719,233    (2,283,192)   3,584,131 
                     
Other Income                    
Other Income   53,960    34,422    -    88,382 
Interest Income   657,817    198,239    82,719    938,775 
                     
Total Other Income   711,777    232,661    82,719    1,027,157 
                     
Income (Loss) before Income Taxes   4,859,867    1,951,894    (2,200,473)   4,611,288 
                     
Income Tax Expense                     
Current Tax Expense   316,955    169,374    227,341    713,670 
Deferred Tax (Benefit) Expense   (5,655)   19,169    238,108    251,622 
                     
Total Income Tax Expense   311,300    188,543    465,449    965,292 
                     
Net Income (Loss)  $4,548,567   $1,763,351   $(2,665,922)  $3,645,996 
                     
*Supplemental Disclosures                    
                     
Total Assets  $40,922,453   $13,404,567   $3,217,524   $57,544,544 
                     
Total Liabilities  $3,072,876   $842,450   $500,695   $4,416,021 
                     
Revenues from Intercompany Sales - eliminated from sales above  $3,367,839   $238,143   $1,266,000   $4,871,982 
                     
Depreciation and Amortization  $632,882   $88,166   $49,487   $770,535 
                     
Purchases of Long-lived Assets  $345,191   $23,786   $89,103   $458,080 

 

  *In the 2024 FY Supplemental Disclosures Information, the Marine Technology Business Disclosure under “Total Assets” includes $4,529,648 of assets pertaining to PAL and under “Total Liabilities” includes $1,455,145 of liabilities pertaining to PAL. There was no Revenue from Intercompany Sales, Depreciation and Amortization or Purchases of Long-lived Assets pertaining to PAL.