Quarterly report pursuant to Section 13 or 15(d)

DISAGGREGATION OF REVENUE

v3.23.2
DISAGGREGATION OF REVENUE
 9 Months Ended
Jul. 31, 2023
Revenue from Contract with Customer [Abstract]  
DISAGGREGATION OF REVENUE

NOTE 15 – DISAGGREGATION OF REVENUE

  

    For the Three Months Ended July 31, 2023  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 1,321,495     $ 1,285,133     $ 2,606,628  
Europe     503,186       742,148       1,245,334  
Australia/Asia     442,670       -       442,670  
Middle East/Africa     595,900       -       595,900  
                         
Total Revenues   $ 2,863,251     $ 2,027,281     $ 4,890,532  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 2,143,203     $ 81,671     $ 2,224,874  
Equipment Rentals     303,525       -       303,525  
Software Sales     147,453       -       147,453  
Engineering Parts     -       1,377,562       1,377,562  
Services     269,070       568,048       837,118  
                         
Total Revenues   $ 2,863,251     $ 2,027,281     $ 4,890,532  
                         
Goods transferred at a point in time   $ 2,290,656     $ 81,671     $ 2,372,327  
Services transferred over time     572,595       1,945,610       2,518,205  
                         
Total Revenues   $ 2,863,251     $ 2,027,281     $ 4,890,532  

 

    For the Three Months Ended July 31, 2022  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 1,626,657     $ 1,468,483     $ 3,095,140  
Europe     278,973       794,369       1,073,342  
Australia/Asia     1,435,637       -       1,435,637  
Middle East/Africa     663,290       -       663,290  
                         
Total Revenues   $ 4,004,557     $ 2,262,852     $ 6,267,409  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 2,928,019     $ 451,416     $ 3,379,435  
Equipment Rentals     380,984       -       380,984  
Software Sales     252,204       -       252,204  
Engineering Parts     -       999,228       999,228  
Services     443,350       812,208       1,255,558  
                         
Total Revenues   $ 4,004,557     $ 2,262,852     $ 6,267,409  
                         
Goods transferred at a point in time   $ 3,180,223     $ 451,416     $ 3,631,639  
Services transferred over time     824,334       1,811,436       2,635,770  
                         
Total Revenues   $ 4,004,557     $ 2,262,852     $ 6,267,409  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

July 31, 2023, and October 31, 2022

 

NOTE 15 – DISAGGREGATION OF REVENUE (Continued)

 

    For the Nine Months Ended July 31, 2023  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 3,562,038     $ 3,753,001     $ 7,315,039  
Europe     2,011,784       1,764,485       3,776,269  
Australia/Asia     3,799,349       -       3,799,349  
Middle East/Africa     897,668       -       897,668  
                         
Total Revenues   $ 10,270,839     $ 5,517,486     $ 15,788,325  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 7,215,919     $ 89,624     $ 7,305,543  
Equipment Rentals     1,088,855       -       1,088,855  
Software Sales     784,046       -       784,046  
Engineering Parts     -       3,598,547       3,598,547  
Services     1,182,019       1,829,315       3,011,334  
                         
Total Revenues   $ 10,270,839     $ 5,517,486     $ 15,788,325  
                         
Goods transferred at a point in time   $ 7,999,965     $ 89,624     $ 8,089,589  
Services transferred over time     2,270,874       5,427,862       7,698,736  
                         
Total Revenues   $ 10,270,839     $ 5,517,486     $ 15,788,325  

 

    For the Nine Months Ended July 31, 2022  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 4,109,260     $ 3,251,009     $ 7,360,269  
Europe     991,323       2,520,132       3,511,455  
Australia/Asia     4,477,178       -       4,477,178  
Middle East/Africa     1,741,553       -       1,741,553  
                         
Total Revenues   $ 11,319,314     $ 5,771,141     $ 17,090,455  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 6,945,001     $ 1,431,414     $ 8,376,415  
Equipment Rentals     1,726,760       -       1,726,760  
Software Sales     691,422       -       691,422  
Engineering Parts     -       2,918,181       2,918,181  
Services     1,956,131       1,421,546       3,377,677  
                         
Total Revenues   $ 11,319,314     $ 5,771,141     $ 17,090,455  
                         
Goods transferred at a point in time   $ 7,618,776     $ 1,431,416     $ 9,050,190  
Services transferred over time     3,700,538       4,339,725       8,040,265  
                         
Total Revenues   $ 11,319,314     $ 5,771,141     $ 17,090,455  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

July 31, 2023, and October 31, 2022