Annual report pursuant to Section 13 and 15(d)

DISAGGREGATION OF REVENUE

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DISAGGREGATION OF REVENUE
 12 Months Ended
Oct. 31, 2023
Revenue from Contract with Customer [Abstract]  
DISAGGREGATION OF REVENUE

NOTE 15 - DISAGGREGATION OF REVENUE

 

                         
    For the Year Ended October 31, 2023  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 4,263,883     $ 4,846,615     $ 9,110,498  
Europe     2,225,915       2,386,407       4,612,322  
Australia/Asia     4,607,786       -       4,607,786  
Middle East/Africa     1,021,482       -       1,021,482  
                         
Total Revenues   $ 12,119,066     $ 7,233,022     $ 19,352,088  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 8,444,305     $ 944,737     $ 9,389,042  
Equipment Rentals     1,264,804       -       1,264,804  
Software Sales     851,976       -       851,976  
Engineering Parts     -       4,075,850       4,075,850  
Services     1,557,981       2,212,435       3,770,416  
                         
Total Revenues   $ 12,119,066     $ 7,233,022     $ 19,352,088  
                         
Goods and Services Revenue                        
Goods transferred at a point in time   $ 9,296,281     $ 944,737     $ 10,241,018  
Services transferred over time     2,822,785       6,288,285       9,111,070  
                         
Total Revenues   $ 12,119,066     $ 7,233,022     $ 19,352,088  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

October 31, 2023 and 2022

 

                         
    For the Year Ended October 31, 2022  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 5,668,948     $ 4,566,349     $ 10,235,297  
Europe     1,559,778       2,900,906       4,460,684  
Australia/Asia     5,723,970       -       5,723,970  
Middle East/Africa     1,771,992       33,860       1,805,852  
                         
Total Revenues   $ 14,724,688     $ 7,501,115     $ 22,225,803  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 8,771,050     $ 1,544,002     $ 10,315,052  
Equipment Rentals     1,844,775       -       1,844,775  
Software Sales     1,014,867       -       1,014,867  
Engineering Parts     -       3,530,407       3,530,407  
Services     3,093,996       2,426,706       5,520,702  
                         
Total Revenues   $ 14,724,688     $ 7,501,115     $ 22,225,803  
                         
Goods and Services Revenue                        
Goods transferred at a point in time   $ 9,785,917     $ 1,562,799     $ 11,348,716  
Services transferred over time     4,938,771       5,938,316       10,877,087  
                         
Total Revenues   $ 14,724,688     $ 7,501,115     $ 22,225,803  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

October 31, 2023 and 2022