NOTE 7 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS

Certified Deposit Interest Bearing Accounts for the nine months ended July 31, 2025 and 2024.

The Company has certified deposit interest-bearing accounts with its current bankers HSBC NA. These interest-bearing accounts are for rolling fixed short-term periods not exceeding 3 months and are classified in our financial statements as “cash equivalent”. In addition, we have an interest-bearing deposit account with HSBC UK which has no access restrictions and tracks at 0.25% discount to the Bank of England base rate, which at July 31,2025 had a rate of 4.00%. The table below indicates the interest income received and amounts which are held in certified deposit and unrestricted interest-bearing accounts as of July 31, 2025 and 2024, and interest earned in the respective periods :

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

Inventory consisted of the following as of:

 SCHEDULE OF COMPONENTS OF INVENTORY

Other current assets consisted of the following as of:

 SCHEDULE OF OTHER CURRENT ASSETS

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

July 31, 2025 and October 31, 2024

NOTE 7 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Continued)

Fixed Assets consisted of the following as of:

 SCHEDULE OF FIXED ASSETS

Depreciation expense for the three months ended July 31, 2025, and 2024 was $232,036 and $187,982, respectively, and for the nine months ended July 31, 2025, and 2024 was $642,801 and $533,968, respectively.

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, consisted of the following:

 SCHEDULE OF OTHER INCOME