Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

v3.22.0.1
CONCENTRATIONS
3 Months Ended
Jan. 31, 2022
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 10 – CONCENTRATIONS

 

Significant Customers

 

During the three months ended January 31, 31, 2022, the Company had two customers from whom it generated sales greater than 10% of net revenues. Revenue from these customers was $1,855,731, or 32% of net revenues during the period. Receivables from these customers was less than 10% of net receivables as of January 31, 2022.

 

During the three months ended January 31, 2021, the Company had two customers from whom it generated sales greater than 10% of net revenues. Revenues from these customers was $1,303,807, or 26% of net revenues during the year. Total accounts receivable from these customers as of January 31, 2021 was $862,850 or 46% of accounts receivable.

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

January 31, 2022 and October 31, 2021