Quarterly report [Sections 13 or 15(d)]

DISAGGREGATION OF REVENUE

v3.25.2
DISAGGREGATION OF REVENUE
 6 Months Ended
Apr. 30, 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 and six months ended April 30, 2025, is shown below. Net sales were attributed to geographic areas based on the location of the customer. In the Disaggregation of net revenue information presented for the Previous Quarter, there is no comparative information for the Acoustics Sensors and Material Business (“PAL”) as this business unit was acquired by the Company on October 29, 2024.

 

    Business     PAL     Business     Total  
    For the Three Months Ended April 30, 2025  
    Marine     Acoustic Sensors and     Marine        
    Technology     Materials     Engineering     Grand  
    Business     Business     Business     Total  
Disaggregation of Total Net Revenues                                
                                 
Primary Geographical Markets                                
Americas   $ 1,423,701     $ 176,799     $ 1,143,682     $ 2,744,182  
Europe     254,107       551,654       696,618       1,502,379  
Australia/Asia     2,200,282       548,276       -       2,748,558  
Middle East/Africa     -       22,340       -       22,340  
                                 
Total Net Revenues   $ 3,878,090     $ 1,299,069     $ 1,840,300     $ 7,017,459  
                                 
Major Goods/Service Lines                                
Equipment Sales   $ 3,319,322     $ 1,134,281     $ 45,583     $ 4,499,186  
Equipment Rentals     168,791       -       -       168,791  
Software Sales     228,053       -       -       228,053  
Engineering Parts     -       -       1,603,789       1,603,789  
Services     161,924       164,788       190,928       517,640  
                                 
Total Net Revenues   $ 3,878,090     $ 1,299,069     $ 1,840,300     $ 7,017,459  
                                 
Goods transferred at a point in time   $ 3,547,375     $ 1,134,281     $ 45,583     $ 4,727,239  
Services transferred over time     330,715       164,788       1,794,717       2,290,220  
                                 
Total Net Revenues   $ 3,878,090     $ 1,299,069     $ 1,840,300     $ 7,017,459  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

April 30, 2025 and October 31, 2024

 

NOTE 16 – DISAGGREGATION OF REVENUE (Continued)

 

    Business     Business     Total  
    For the Three Months Ended April 30, 2024  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Revenues                  
                   
Primary Geographical Markets                        
Americas   $ 640,943     $ 799,214     $ 1,440,157  
Europe     1,464,322       999,250       2,463,572  
Australia/Asia     1,071,295       -       1,071,295  
Middle East/Africa     348,154       -       348,154  
                         
Total Net Revenues   $ 3,524,714     $ 1,798,464     $ 5,323,178  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 2,005,128     $ 174,375     $ 2,179,503  
Equipment Rentals     699,664       -       699,664  
Software Sales     176,742       -       176,742  
Engineering Parts     -       1,426,224       1,426,224  
Services     643,180       197,865       841,045  
                         
Total Net Revenues   $ 3,524,714     $ 1,798,464     $ 5,323,178  
                         
Goods transferred at a point in time   $ 2,181,870     $ 174,375     $ 2,356,245  
Services transferred over time     1,342,844       1,624,089       2,966,933  
                         
Total Net Revenues   $ 3,524,714     $ 1,798,464     $ 5,323,178  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

April 30, 2025 and October 31, 2024

 

NOTE 16 – DISAGGREGATION OF REVENUE (Continued)

 

    Business     PAL     Business     Total  
    For the Six Months Ended April 30, 2025  
    Marine     Acoustic Sensors and     Marine        
    Technology     Materials     Engineering     Grand  
    Business     Business     Business     Total  
Disaggregation of Total Net Revenues                                
                                 
Primary Geographical Markets                                
Americas   $ 1,778,337     $ 432,222     $ 1,832,460     $ 4,043,019  
Europe     577,650       1,197,128       1,629,485       3,404,263  
Australia/Asia     3,792,093       920,744       -       4,712,837  
Middle East/Africa     5,819       61,236       -       67,055  
                                 
Total Net Revenues   $ 6,153,899     $ 2,611,330     $ 3,461,945     $ 12,227,174  
                                 
Major Goods/Service Lines                                
Equipment Sales   $ 5,054,063     $ 2,298,077     $ 187,511     $ 7,539,651  
Equipment Rentals     393,234       -       -       393,234  
Software Sales     348,848       59,600       -       408,448  
Engineering Parts     -       -       2,820,199       2,820,199  
Services     357,754       253,653       454,235       1,065,642  
                                 
Total Net Revenues   $ 6,153,899     $ 2,611,330     $ 3,461,945     $ 12,227,174  
                                 
Goods transferred at a point in time   $ 5,402,911     $ 2,357,677     $ 202,608     $ 7,963,196  
Services transferred over time     750,988       253,653       3,259,337       4,263,978  
                                 
Total Net Revenues   $ 6,153,899     $ 2,611,330     $ 3,461,945     $ 12,227,174  

 

    Business     Business     Total  
    For the Six Months Ended April 30, 2024  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Revenues                        
                         
Primary Geographical Markets                        
Americas   $ 978,015     $ 1,254,628     $ 2,232,643  
Europe     2,408,010       1,462,261       3,870,271  
Australia/Asia     2,870,835       -       2,870,835  
Middle East/Africa     810,620       -       810,620  
                         
Total Net Revenues   $ 7,067,480     $ 2,716,889     $ 9,784,369  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 4,381,400     $ 347,199     $ 4,728,599  
Equipment Rentals     1,080,473       -       1,080,473  
Software Sales     402,271       -       402,271  
Engineering Parts     -       1,922,128       1,922,128  
Services     1,203,336       447,562       1,650,898  
                         
Total Net Revenues   $ 7,067,480     $ 2,716,889     $ 9,784,369  
                         
Goods transferred at a point in time   $ 4,783,671     $ 347,199     $ 5,130,870  
Services transferred over time     2,283,809       2,369,690       4,653,499  
                         
Total Net Revenues   $ 7,067,480     $ 2,716,889     $ 9,784,369