Quarterly report [Sections 13 or 15(d)]

DISAGGREGATION OF REVENUE

v3.25.1
DISAGGREGATION OF REVENUE
 3 Months Ended
Jan. 31, 2025
Revenue from Contract with Customer [Abstract]  
DISAGGREGATION OF REVENUE

NOTE 16 – DISAGGREGATION OF REVENUE

 

Information about the Company’s operations in different geographic areas for the three months ended January 31, 2025 is shown below. Net sales were attributed to geographic areas based on the location of the customer. In the Disaggregation of revenue information presented for the Previous Quarter, there is no information for the Acoustics Sensors and Material Business (“PAL”) as this business unit was acquired on October 29, 2024.

 

    Business     PAL     Business     Total  
    For the Three Months Ended January 31, 2025  
    Marine     Acoustic Sensors and Materials     Marine        
    Technology     Business     Engineering     Grand  
    Business     (“PAL”)     Business     Total  
Disaggregation of Total Net Sales                                
                                 
Primary Geographical Markets                                
Americas   $ 354,636     $ 255,423     $ 688,778     $ 1,298,837  
Europe     323,543       645,474       932,867       1,901,884  
Australia/Asia     1,591,811       372,468       -       1,964,279  
Middle East/Africa     5,819       38,896       -       44,715  
                                 
Total Revenues   $ 2,275,809     $ 1,312,261     $ 1,621,645     $ 5,209,715  
                                 
Major Goods/Service Lines                                
Equipment Sales   $ 1,734,741     $ 1,163,796     $ 141,928     $ 3,040,465  
Equipment Rentals     224,443       -       -       224,443  
Software Sales     120,795       59,600       -       180,395  
Engineering Parts     -       -       1,216,410       1,216,410  
Services     195,830       88,865       263,307       548,002  
                                 
Total Revenues   $ 2,275,809     $ 1,312,261     $ 1,621,645     $ 5,209,715  
                                 
Timing of Revenue Recognition                                
Goods transferred at a point in time   $ 1,855,536     $ 1,223,396     $ 157,025     $ 3,235,957  
Services transferred over time     420,273       88,865       1,464,620       1,973,758  
                                 
Total Revenues   $ 2,275,809     $ 1,312,261     $ 1,621,645     $ 5,209,715  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

January 31, 2025 and October 31, 2024

 

NOTE 16 – DISAGGREGATION OF REVENUE (Continued)

 

    Business     Business     Total  
    For the Three Months Ended January 31, 2024  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                        
                         
Primary Geographical Markets                        
Americas   $ 337,072     $ 455,414     $ 792,486  
Europe     943,688       463,011       1,406,699  
Australia/Asia     1,799,540       -       1,799,540  
Middle East/Africa     462,466       -       462,466  
                         
Total Revenues   $ 3,542,766     $ 918,425     $ 4,461,191  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 2,376,272     $ 172,824     $ 2,549,096  
Equipment Rentals     380,809       -       380,809  
Software Sales     225,529       -       225,529  
Engineering Parts     -       495,904       495,904  
Services     560,156       249,697       809,853  
                         
Total Revenues   $ 3,542,766     $ 918,425     $ 4,461,191  
                         
Timing of Revenue Recognition                          
Goods transferred at a point in time   $ 2,601,801     $ 172,824     $ 2,774,625  
Services transferred over time     940,965       745,601       1,686,566  
                         
Total Revenues   $ 3,542,766     $ 918,425     $ 4,461,191