Quarterly report pursuant to Section 13 or 15(d)

DISAGGREGATION OF REVENUE

v3.22.1
DISAGGREGATION OF REVENUE
 6 Months Ended
Apr. 30, 2022
Revenue from Contract with Customer [Abstract]  
DISAGGREGATION OF REVENUE

NOTE 15 –DISAGGREGATION OF REVENUE

 

    For the Three Months Ended April 30, 2022  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 424,935     $ 578,244     $ 1,003,179  
Europe     221,334       915,585       1,136,919  
Australia/Asia     2,226,457       -       2,226,457  
Middle East/Africa     618,283       -       618,283  
                         
Total Revenues   $ 3,491,009     $ 1,493,829     $ 4,984,838  
                         
                         
Major Goods/Service Lines                        
Equipment Sales   $ 2,058,137     $ 543,134     $ 2,601,271  
Equipment Rentals     715,308       -       715,308  
Software Sales     134,422       -       134,422  
Engineering Parts     -       618,335       618,335  
Services     583,142       332,360       915,502  
                         
Total Revenues   $ 3,491,009     $ 1,493,829     $ 4,984,838  
                         
                         
Goods transferred at a point in time   $ 2,174,910     $ 543,134     $ 2,718,044  
Services transferred over time     1,316,099       950,695       2,266,794  
                         
Total Revenues   $ 3,491,009     $ 1,493,829     $ 4,984,838  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

April 30, 2022, and October 31, 2021

 

NOTE 15 –DISAGGREGATION OF REVENUE (Continued)

 

    For the Three Months Ended April 30, 2021  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 914,529     $ 597,463     $ 1,511,992  
Europe     1,665,643       591,204       2,256,847  
Australia/Asia     1,487,023       -       1,487,023  
Middle East/Africa     117,214       -       117,214  
                         
Total Revenues   $ 4,184,409     $ 1,188,667     $ 5,373,076  
                         
                         
Major Goods/Service Lines                        
Equipment Sales   $ 3,090,462     $ 93,505     $ 3,183,967  
Equipment Rentals     598,190       -       598,190  
Software Sales     221,053       -       221,053  
Engineering Parts     -       778,369       778,369  
Services     274,704       316,792       591,496  
                         
Total Revenues   $ 4,184,409     $ 1,188,667     $ 5,373,076  
                         
                         
Goods transferred at a point in time   $ 3,311,515     $ 93,505     $ 3,405,020  
Services transferred over time     872,894       1,095,162       1,968,056  
                         
Total Revenues   $ 4,184,409     $ 1,188,667     $ 5,373,076  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

April 30, 2022, and October 31, 2021

 

NOTE 15 –DISAGGREGATION OF REVENUE (Continued)

 

    For the Six Months Ended April 30, 2022  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
Revenues                        
Primary Geographical Markets                        
Americas   $ 2,482,603     $ 1,782,526     $ 4,265,129  
Europe     712,350       1,725,763       2,438,113  
Australia/Asia     3,041,541       -       3,041,541  
Middle East/Africa     1,078,263       -       1,078,263  
                         
Total Revenues   $ 7,314,757     $ 3,508,289     $ 10,823,046  
                         
                         
Major Goods/Service Lines                        
Equipment Sales   $ 4,016,982     $ 979,998     $ 4,996,980  
Equipment Rentals     1,345,776       -       1,345,776  
Software Sales     439,218       -       439,218  
Engineering Parts     -       1,918,953       1,918,953  
Services     1,512,781       609,338       2,122,119  
                         
Total Revenues   $ 7,314,757     $ 3,508,289     $ 10,823,046  
                         
                         
Goods transferred at a point in time   $ 4,438,551     $ 980,000     $ 5,418,551  
Services transferred over time     2,876,206       2,528,289       5,404,495  
                         
Total Revenues   $ 7,314,757     $ 3,508,289     $ 10,823,046  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

April 30, 2022, and October 31, 2021

 

NOTE 15 –DISAGGREGATION OF REVENUE (Continued)

 

    For the Six Months Ended April 30, 2021  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
Revenues                        
Primary Geographical Markets                        
Americas   $ 1,463,807     $ 1,113,904     $ 2,577,711  
Europe     2,790,755       1,376,943       4,167,698  
Australia/Asia     3,495,233       -       3,495,233  
Middle East/Africa     182,893       -       182,893  
                         
Total Revenues   $ 7,932,688     $ 2,490,847     $ 10,423,535  
                         
                         
Major Goods/Service Lines                        
Equipment Sales   $ 5,883,949     $ 314,462     $ 6,198,411  
Equipment Rentals     932,553       -       932,553  
Software Sales     446,275       -       446,275  
Engineering Parts     -       1,634,716       1,634,716  
Services     669,911       541,668       1,211,579  
                         
Total Revenues   $ 7,932,688     $ 2,490,847     $ 10,423,535  
                         
                         
Goods transferred at a point in time   $ 6,367,552     $ 314,462     $ 6,682,014  
Services transferred over time     1,565,136       2,176,385       3,741,521  
                         
Total Revenues   $ 7,932,688     $ 2,490,847     $ 10,423,535  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

April 30, 2022, and October 31, 2021