SCHEDULE OF SEGMENT REPORTING INFORMATION |
SCHEDULE OF SEGMENT REPORTING INFORMATION
|
|
Products |
|
|
Services |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended October 31, 2024 |
|
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|
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenues |
|
$ |
12,806,603 |
|
|
$ |
7,509,558 |
|
|
$ |
- |
|
|
$ |
20,316,161 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
2,824,541 |
|
|
|
3,318,515 |
|
|
|
- |
|
|
|
6,143,056 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
9,982,062 |
|
|
|
4,191,043 |
|
|
|
- |
|
|
|
14,173,105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
2,019,112 |
|
|
|
223,317 |
|
|
|
- |
|
|
|
2,242,429 |
|
Selling, General &
Administrative |
|
|
3,814,860 |
|
|
|
2,248,493 |
|
|
|
2,283,192 |
|
|
|
8,346,545 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
5,833,972 |
|
|
|
2,471,810 |
|
|
|
2,283,192 |
|
|
|
10,588,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
4,148,090 |
|
|
|
1,719,233 |
|
|
|
(2,283,192 |
) |
|
|
3,584,131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
53,960 |
|
|
|
34,422 |
|
|
|
- |
|
|
|
88,382 |
|
Interest Income |
|
|
657,817 |
|
|
|
198,239 |
|
|
|
82,719 |
|
|
|
938,775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Other Income |
|
|
711,777 |
|
|
|
232,661 |
|
|
|
82,719 |
|
|
|
1,027,157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
Income Tax Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Expense |
|
|
316,955 |
|
|
|
169,374 |
|
|
|
227,341 |
|
|
|
713,670 |
|
Deferred Tax Expense (Benefit) |
|
|
(5,655 |
)
|
|
|
19,169 |
|
|
|
238,108 |
|
|
|
251,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax Expense |
|
|
311,300 |
|
|
|
188,543 |
|
|
|
465,449 |
|
|
|
965,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Income (Loss) |
|
$ |
4,548,567 |
|
|
$ |
1,763,351 |
|
|
$ |
(2,665,922 |
) |
|
$ |
3,645,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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|
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|
*Total
Assets
|
|
$ |
40,922,453 |
|
|
$ |
13,404,567 |
|
|
$ |
3,217,524 |
|
|
$ |
57,544,544 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Total
Liabilities
|
|
$ |
3,072,876 |
|
|
$ |
842,450 |
|
|
$ |
500,695 |
|
|
$ |
4,416,021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated
from sales above |
|
$ |
3,367,839 |
|
|
$ |
238,143 |
|
|
$ |
1,266,000 |
|
|
$ |
4,871,982 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
632,882 |
|
|
$ |
88,166 |
|
|
$ |
49,487 |
|
|
$ |
770,535 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
345,191 |
|
|
$ |
23,786 |
|
|
$ |
89,103 |
|
|
$ |
458,079 |
|
* |
The
Total Assets and Total Liabilities included in the Supplemental Disclosures include PAL |
CODA
OCTOPUS GROUP, INC.
Notes
to the Consolidated Financial Statements
October
31, 2024 and 2023
|
|
Products |
|
|
Services |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenues |
|
$ |
12,119,066 |
|
|
$ |
7,233,022 |
|
|
$ |
- |
|
|
$ |
19,352,088 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
2,819,796 |
|
|
|
3,501,237 |
|
|
|
- |
|
|
|
6,321,033 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
9,299,270 |
|
|
|
3,731,785 |
|
|
|
- |
|
|
|
13,031,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
2,043,890 |
|
|
|
52,577 |
|
|
|
- |
|
|
|
2,096,467 |
|
Selling, General &
Administrative |
|
|
3,109,566 |
|
|
|
2,463,087 |
|
|
|
2,622,383 |
|
|
|
8,195,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
5,153,456 |
|
|
|
2,515,664 |
|
|
|
2,622,383 |
|
|
|
10,291,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
4,145,814 |
|
|
|
1,216,121 |
|
|
|
(2,622,383 |
) |
|
|
2,739,552 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
39,146 |
|
|
|
- |
|
|
|
- |
|
|
|
39,146 |
|
Interest Income |
|
|
544,892 |
|
|
|
97,638 |
|
|
|
- |
|
|
|
642,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Other Income |
|
|
584,038 |
|
|
|
97,638 |
|
|
|
- |
|
|
|
681,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Expense (Benefit) |
|
|
272,126 |
|
|
|
78,876 |
|
|
|
(102,347
|
) |
|
|
248,655 |
|
Deferred Tax Expense (Benefit) |
|
|
115,954 |
|
|
|
(54,382
|
) |
|
|
(13,148
|
) |
|
|
48,424 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax Expense
(Benefit) |
|
|
388,080 |
|
|
|
24,494 |
|
|
|
(115,495
|
) |
|
|
297,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Income (Loss) |
|
$ |
4,341,772 |
|
|
$ |
1,289,265 |
|
|
$ |
(2,506,888 |
) |
|
$ |
3,124,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
36,969,673 |
|
|
$ |
13,604,262 |
|
|
$ |
1,267,581 |
|
|
$ |
51,841,516 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
2,263,761 |
|
|
$ |
732,582 |
|
|
$ |
416,407 |
|
|
$ |
3,412,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated
from sales above |
|
$ |
4,602,741 |
|
|
$ |
584,622 |
|
|
$ |
1,200,000 |
|
|
$ |
6,387,363 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
523,339 |
|
|
$ |
100,689 |
|
|
$ |
43,502 |
|
|
$ |
667,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
1,996,544 |
|
|
$ |
25,404 |
|
|
$ |
108,392 |
|
|
$ |
2,130,340 |
|
|