NOTE 6 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS

Certified Deposit Interest Bearing Accounts as of July 31, 2024 and October 31, 2023.

The Company has certified deposit interest-bearing accounts with its current bankers HSBC NA and HSBC UK. These interest-bearing accounts are for rolling fixed short-term periods not exceeding three (3) months and are classified in our financial statements as “cash equivalent”. In addition, we have an interest-bearing deposit account with HSBC UK that tracks the Bank of England base rate, and which has no access restrictions and has a current rate of 4.75%.

SCHEDULE OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS

Inventory consisted of the following as of:

SCHEDULE OF COMPONENTS OF INVENTORY

Other current assets consisted of the following as of:

SUMMARY OF OTHER CURRENT ASSETS

Property and equipment consisted of the following as of:

SCHEDULE OF PROPERTY AND EQUIPMENT

Depreciation expense for the three months ended July 31, 2024, and 2023 was $187,982 and $165,211, respectively and for the nine months ended July 31, 2024, and 2023 was $533,968 and $473,988, respectively.

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

July 31, 2024 and October 31, 2023

NOTE 6 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Continued)

Property and equipment, net, by geographic areas were as follows:

SCHEDULE OF PROPERTY AND EQUIPMENT, NET, BY GEOGRAPHIC AREAS

Accrued Expenses and Other Current Liabilities consisted of the following as of:

SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Total Other Income, net consisted of the following:

SCHEDULE OF OTHER INCOME