SCHEDULE OF SEGMENT REPORTING INFORMATION |
SCHEDULE OF SEGMENT REPORTING INFORMATION
|
|
Marine Technology Business |
|
|
Acoustic
Sensors and Materials Business (“PAL”) |
|
|
Marine Engineering Business |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended January 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenues |
|
$ |
2,275,809 |
|
|
$ |
1,312,261 |
|
|
$ |
1,621,645 |
|
|
$ |
- |
|
|
$ |
5,209,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
612,168 |
|
|
|
502,117 |
|
|
|
666,960 |
|
|
|
- |
|
|
|
1,781,245 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
1,663,641 |
|
|
|
810,144 |
|
|
|
954,685 |
|
|
|
- |
|
|
|
3,428,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
405,812 |
|
|
|
90,964 |
|
|
|
46,350 |
|
|
|
- |
|
|
|
543,126 |
|
Selling, General & Administrative |
|
|
565,864 |
|
|
|
238,254 |
|
|
|
637,896 |
|
|
|
781,308 |
|
|
|
2,223,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
971,676 |
|
|
|
329,218 |
|
|
|
684,246 |
|
|
|
781,308 |
|
|
|
2,766,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
691,965 |
|
|
|
480,926 |
|
|
|
270,439 |
|
|
|
(781,308 |
) |
|
|
662,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
5,846 |
|
|
|
72,821 |
|
|
|
- |
|
|
|
- |
|
|
|
78,667 |
|
Interest Income |
|
|
155,313 |
|
|
|
2,302 |
|
|
|
27,356 |
|
|
|
9,200 |
|
|
|
194,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income |
|
|
161,159 |
|
|
|
75,123 |
|
|
|
27,356 |
|
|
|
9,200 |
|
|
|
272,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax (Expense) |
|
|
(48,874 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(48,874 |
) |
Deferred Tax Benefit |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
26,989 |
|
|
|
26,989 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(48,874 |
) |
|
|
- |
|
|
|
- |
|
|
|
26,989 |
|
|
|
(21,885 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
804,250 |
|
|
$ |
556,049 |
|
|
$ |
297,795 |
|
|
$ |
(745,119 |
) |
|
$ |
912,975 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
34,107,320 |
|
|
$ |
6,558,739 |
|
|
$ |
13,573,805 |
|
|
$ |
2,657,434 |
|
|
$ |
56,897,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,586,101 |
|
|
$ |
1,027,551 |
|
|
$ |
730,161 |
|
|
$ |
440,428 |
|
|
$ |
3,784,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intercompany sales that are not included in Net Revenues shown above |
|
$ |
922,331 |
|
|
$ |
2,752 |
|
|
$ |
18,813 |
|
|
$ |
312,000 |
|
|
$ |
1,255,896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
147,331 |
|
|
$ |
156,370 |
|
|
$ |
16,704 |
|
|
$ |
13,000 |
|
|
$ |
333,405 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
18,298 |
|
|
$ |
107,342 |
|
|
$ |
2,468 |
|
|
$ |
- |
|
|
$ |
128,108 |
|
CODA
OCTOPUS GROUP, INC.
Notes
to the Consolidated Financial Statements
January 31, 2025 and October 31, 2024
NOTE
15 – SEGMENT ANALYSIS (Continued)
In the Segment Analysis 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.
|
|
Marine Technology Business |
|
|
Marine Engineering Business |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended January 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenues |
|
$ |
3,542,766 |
|
|
$ |
918,425 |
|
|
$ |
- |
|
|
$ |
4,461,191 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
973,880 |
|
|
|
400,575 |
|
|
|
- |
|
|
|
1,374,455 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
2,568,886 |
|
|
|
517,850 |
|
|
|
- |
|
|
|
3,086,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
461,375 |
|
|
|
24,602 |
|
|
|
- |
|
|
|
485,977 |
|
Selling, General & Administrative |
|
|
835,391 |
|
|
|
600,484 |
|
|
|
609,500 |
|
|
|
2,045,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
1,296,766 |
|
|
|
625,086 |
|
|
|
609,500 |
|
|
|
2,531,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,272,120 |
|
|
|
(107,236 |
) |
|
|
(609,500 |
) |
|
|
555,384 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
20,306 |
|
|
|
14,714 |
|
|
|
- |
|
|
|
35,020 |
|
Interest Income |
|
|
135,731 |
|
|
|
56,809 |
|
|
|
- |
|
|
|
192,540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income |
|
|
156,037 |
|
|
|
71,523 |
|
|
|
- |
|
|
|
227,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax (Expense) Benefit |
|
|
(35,540 |
) |
|
|
- |
|
|
|
69,555 |
|
|
|
34,015 |
|
Deferred Tax Benefit (Expense) |
|
|
27,328 |
|
|
|
- |
|
|
|
(214,399 |
) |
|
|
(187,071 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(8,212 |
) |
|
|
- |
|
|
|
(144,844 |
) |
|
|
(153,056 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,419,945 |
|
|
$ |
(35,713 |
) |
|
$ |
(754,344 |
) |
|
$ |
629,888 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
36,685,343 |
|
|
$ |
13,298,356 |
|
|
$ |
3,029,244 |
|
|
$ |
53,012,943 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,963,391 |
|
|
$ |
429,635 |
|
|
$ |
470,239 |
|
|
$ |
2,863,265 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intercompany sales that are not included in Net Revenues shown above |
|
$ |
948,934 |
|
|
$ |
10,790 |
|
|
$ |
312,000 |
|
|
$ |
1,271,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
153,019 |
|
|
$ |
25,357 |
|
|
$ |
12,162 |
|
|
$ |
190,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
132,423 |
|
|
$ |
2,208 |
|
|
$ |
27,845 |
|
|
$ |
162,476 |
|
|