SCHEDULE OF SEGMENT REPORTING INFORMATION |
SCHEDULE
OF SEGMENT REPORTING INFORMATION
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
3,845,051 |
|
|
$ |
1,982,324 |
|
|
$ |
- |
|
|
$ |
5,827,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
545,243 |
|
|
|
1,069,723 |
|
|
|
- |
|
|
|
1,614,966 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
3,299,808 |
|
|
|
912,601 |
|
|
|
- |
|
|
|
4,212,409 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
540,553 |
|
|
|
135,213 |
|
|
|
- |
|
|
|
675,766 |
|
Selling, General & Administrative |
|
|
860,539 |
|
|
|
616,378 |
|
|
|
728,313 |
|
|
|
2,205,230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
1,401,092 |
|
|
|
751,591 |
|
|
|
728,313 |
|
|
|
2,880,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,898,716 |
|
|
|
161,010 |
|
|
|
(728,313 |
) |
|
|
1,331,413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
3,554 |
|
|
|
17 |
|
|
|
- |
|
|
|
3,571 |
|
Funding from Paycheck Protection Program |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Interest Expense |
|
|
(2,718 |
) |
|
|
(5,863 |
) |
|
|
(6,155 |
) |
|
|
(14,736 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
836 |
|
|
|
(5,846 |
) |
|
|
(6,155 |
) |
|
|
(11,165 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit |
|
|
157,333 |
|
|
|
260,996 |
|
|
|
- |
|
|
|
418,329 |
|
Deferred Tax (Expense) Benefit |
|
|
(338,098 |
) |
|
|
108,141 |
|
|
|
12,466 |
|
|
|
(217,491 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(180,765 |
) |
|
|
369,137 |
|
|
|
12,466 |
|
|
|
200,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,718,787 |
|
|
$ |
524,301 |
|
|
$ |
(722,002 |
) |
|
$ |
1,521,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
28,820,472 |
|
|
$ |
14,608,555 |
|
|
$ |
934,192 |
|
|
$ |
44,363,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
2,159,921 |
|
|
$ |
844,816 |
|
|
$ |
379,474 |
|
|
$ |
3,384,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
492,579 |
|
|
$ |
44,372 |
|
|
$ |
675,000 |
|
|
$ |
1,211,951 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
195,103 |
|
|
$ |
24,590 |
|
|
$ |
7,952 |
|
|
$ |
227,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
201,198 |
|
|
$ |
7,655 |
|
|
$ |
30,584 |
|
|
$ |
239,437 |
|
CODA
OCTOPUS GROUP, INC.
Notes
to the Unaudited Consolidated Financial Statements
July
31, 2021 and 2020
NOTE
15 -SEGMENT ANALYSIS (Continued)
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
3,053,070 |
|
|
$ |
2,342,966 |
|
|
$ |
- |
|
|
$ |
5,396,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
653,117 |
|
|
|
1,123,751 |
|
|
|
- |
|
|
|
1,776,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
2,399,953 |
|
|
|
1,219,215 |
|
|
|
- |
|
|
|
3,619,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
394,332 |
|
|
|
352,625 |
|
|
|
25,684 |
|
|
|
772,641 |
|
Selling, General & Administrative |
|
|
496,772 |
|
|
|
515,547 |
|
|
|
513,150 |
|
|
|
1,525,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
891,104 |
|
|
|
868,172 |
|
|
|
538,834 |
|
|
|
2,298,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,508,849 |
|
|
|
351,043 |
|
|
|
(538,834 |
) |
|
|
1,321,058 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
3,745 |
|
|
|
126 |
|
|
|
- |
|
|
|
3,871 |
|
Interest Expense |
|
|
(1,718 |
) |
|
|
(4,672 |
) |
|
|
(10,190 |
) |
|
|
(16,580 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
2,027 |
|
|
|
(4,546 |
) |
|
|
(10,190 |
) |
|
|
(12,709 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax (Expense) Benefit |
|
|
5,532 |
|
|
|
- |
|
|
|
(3,948 |
) |
|
|
1,584 |
|
Deferred Tax (Expense) Benefit |
|
|
(236,356 |
) |
|
|
15,155 |
|
|
|
(65,979 |
) |
|
|
(287,180 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(230,824 |
) |
|
|
15,155 |
|
|
|
(69,927 |
) |
|
|
(285,596 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,280,052 |
|
|
$ |
361,652 |
|
|
$ |
(618,951 |
) |
|
$ |
1,022,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
22,149,613 |
|
|
$ |
14,439,917 |
|
|
$ |
678,515 |
|
|
$ |
37,268,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,737,007 |
|
|
$ |
1,392,816 |
|
|
$ |
767,393 |
|
|
$ |
3,897,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
498,312 |
|
|
$ |
8,976 |
|
|
$ |
1,350,000 |
|
|
$ |
1,857,288 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
261,975 |
|
|
$ |
43,263 |
|
|
$ |
4,677 |
|
|
$ |
309,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
317,892 |
|
|
$ |
23,288 |
|
|
$ |
- |
|
|
$ |
341,180 |
|
CODA
OCTOPUS GROUP, INC.
Notes
to the Unaudited Consolidated Financial Statements
July
31, 2021 and 2020
NOTE
15 -SEGMENT ANALYSIS (Continued)
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended July 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
11,777,739 |
|
|
$ |
4,473,171 |
|
|
$ |
- |
|
|
$ |
16,250,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
2,462,219 |
|
|
|
2,511,756 |
|
|
|
- |
|
|
|
4,973,975 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
9,315,520 |
|
|
|
1,961,415 |
|
|
|
- |
|
|
|
11,276,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
1,521,175 |
|
|
|
383,011 |
|
|
|
- |
|
|
|
1,904,186 |
|
Selling, General & Administrative |
|
|
2,394,986 |
|
|
|
1,736,004 |
|
|
|
1,667,607 |
|
|
|
5,798,597 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
3,916,161 |
|
|
|
2,119,015 |
|
|
|
1,667,607 |
|
|
|
7,702,783 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
5,399,359 |
|
|
|
(157,600 |
) |
|
|
(1,667,607 |
) |
|
|
3,574,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
74,173 |
|
|
|
51 |
|
|
|
846 |
|
|
|
75,070 |
|
Funding from Paycheck Protection Program |
|
|
122,327 |
|
|
|
526,545 |
|
|
|
- |
|
|
|
648,872 |
|
Interest Expense |
|
|
(8,489 |
) |
|
|
(15,558 |
) |
|
|
(18,844 |
) |
|
|
(42,891 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
188,011 |
|
|
|
511,038 |
|
|
|
(17,998 |
) |
|
|
681,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit (Expense) |
|
|
254,745 |
|
|
|
498,666 |
|
|
|
(394 |
) |
|
|
753,017 |
|
Deferred Tax (Expense) Benefit |
|
|
(356,164 |
) |
|
|
264,636 |
|
|
|
(58,829 |
) |
|
|
(150,357 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(101,419 |
) |
|
|
763,302 |
|
|
|
(59,223 |
) |
|
|
602,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
5,485,951 |
|
|
$ |
1,116,740 |
|
|
$ |
(1,744,828 |
) |
|
$ |
4,857,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
28,820,472 |
|
|
$ |
14,608,555 |
|
|
$ |
934,192 |
|
|
$ |
44,363,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
2,159,921 |
|
|
$ |
844,816 |
|
|
$ |
379,474 |
|
|
$ |
3,384,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
1,367,619 |
|
|
$ |
184,016 |
|
|
$ |
2,025,000 |
|
|
$ |
3,576,635 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
707,761 |
|
|
$ |
98,671 |
|
|
$ |
21,077 |
|
|
$ |
827,509 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
745,405 |
|
|
$ |
13,203 |
|
|
$ |
80,018 |
|
|
$ |
838,626 |
|
CODA
OCTOPUS GROUP, INC.
Notes
to the Unaudited Consolidated Financial Statements
July
31, 2021 and 2020
NOTE
15 -SEGMENT ANALYSIS (Continued)
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended July 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
8,377,081 |
|
|
$ |
6,989,152 |
|
|
$ |
- |
|
|
$ |
15,366,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
1,715,647 |
|
|
|
3,831,564 |
|
|
|
- |
|
|
|
5,547,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
6,661,434 |
|
|
|
3,157,588 |
|
|
|
- |
|
|
|
9,819,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
1,393,757 |
|
|
|
830,008 |
|
|
|
190,782 |
|
|
|
2,414,547 |
|
Selling, General & Administrative |
|
|
2,056,947 |
|
|
|
1,678,882 |
|
|
|
1,214,528 |
|
|
|
4,950,357 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
3,450,704 |
|
|
|
2,508,890 |
|
|
|
1,405,310 |
|
|
|
7,364,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
3,210,730 |
|
|
|
648,698 |
|
|
|
(1,405,310 |
) |
|
|
2,454,118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
16,242 |
|
|
|
142 |
|
|
|
- |
|
|
|
16,384 |
|
Interest (Expense) |
|
|
(7,345 |
) |
|
|
(12,313 |
) |
|
|
(34,992 |
) |
|
|
(54,650 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
8,897 |
|
|
|
(12,171 |
) |
|
|
(34,992 |
) |
|
|
(38,266 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax (Expense) Benefit |
|
|
24,968 |
|
|
|
- |
|
|
|
(11,905 |
) |
|
|
13,063 |
|
Deferred Tax (Expense) Benefit |
|
|
(315,849 |
) |
|
|
145,713 |
|
|
|
(154,333 |
) |
|
|
(324,469 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(290,881 |
) |
|
|
145,713 |
|
|
|
(166,238 |
) |
|
|
(311,406 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
2,928,746 |
|
|
$ |
782,240 |
|
|
$ |
(1,606,540 |
) |
|
$ |
2,104,446 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
22,149,613 |
|
|
$ |
14,439,917 |
|
|
$ |
678,515 |
|
|
$ |
37,268,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,737,007 |
|
|
$ |
1,392,816 |
|
|
$ |
767,393 |
|
|
$ |
3,897,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
801,134 |
|
|
$ |
109,505 |
|
|
$ |
2,025,000 |
|
|
$ |
2,935,639 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
539,567 |
|
|
$ |
89,688 |
|
|
$ |
14,080 |
|
|
$ |
643,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
758,619 |
|
|
$ |
24,440 |
|
|
$ |
49,615 |
|
|
$ |
832,674 |
|
|
SCHEDULE OF DISAGGREGATE OF REVENUE FROM CONTRACTS FOR SALE WITH CUSTOMERS BY GEOGRAPHIC LOCATION |
SCHEDULE
OF DISAGGREGATE OF REVENUE FROM CONTRACTS FOR SALE WITH CUSTOMERS BY GEOGRAPHIC LOCATION
|
|
For the Three Months Ended July 31, 2021 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
962,043 |
|
|
$ |
589,560 |
|
|
$ |
1,551,603 |
|
Europe |
|
|
1,649,281 |
|
|
|
1,392,764 |
|
|
|
3,042,045 |
|
Australia/Asia |
|
|
971,563 |
|
|
|
- |
|
|
|
971,563 |
|
Middle East/Africa |
|
|
262,164 |
|
|
|
- |
|
|
|
262,164 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,845,051 |
|
|
|
1,982,324 |
|
|
$ |
5,827,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
2,151,520 |
|
|
$ |
782,255 |
|
|
$ |
2,933,775 |
|
Equipment Rentals |
|
|
713,389 |
|
|
|
- |
|
|
|
713,389 |
|
Software Sales |
|
|
153,150 |
|
|
|
- |
|
|
|
153,150 |
|
Engineering Parts |
|
|
- |
|
|
|
1,093,176 |
|
|
|
1,093,176 |
|
Services |
|
|
826,992 |
|
|
|
106,893 |
|
|
|
933,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,845,051 |
|
|
|
1,982,324 |
|
|
$ |
5,827,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods transferred at a point in time |
|
$ |
2,298,962 |
|
|
$ |
670,255 |
|
|
$ |
2,969,217 |
|
Services transferred over time |
|
|
1,546,089 |
|
|
|
1,312,069 |
|
|
|
2,858,158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,845,051 |
|
|
|
1,982,324 |
|
|
$ |
5,827,375 |
|
CODA
OCTOPUS GROUP, INC.
Notes
to the Unaudited Consolidated Financial Statements
July
31, 2021 and 2020
NOTE
15 -SEGMENT ANALYSIS (Continued)
|
|
For the Three Months Ended July 31, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
1,071,893 |
|
|
$ |
1,753,662 |
|
|
$ |
2,825,555 |
|
Europe |
|
|
240,127 |
|
|
|
589,304 |
|
|
|
829,431 |
|
Australia/Asia |
|
|
1,718,644 |
|
|
|
- |
|
|
|
1,718,644 |
|
Middle East/Africa |
|
|
22,406 |
|
|
|
- |
|
|
|
22,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,053,070 |
|
|
$ |
2,342,966 |
|
|
$ |
5,396,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
2,058,166 |
|
|
$ |
160,537 |
|
|
$ |
2,218,703 |
|
Equipment Rentals |
|
|
119,100 |
|
|
|
- |
|
|
|
119,100 |
|
Software Sales |
|
|
90,540 |
|
|
|
- |
|
|
|
90,540 |
|
Engineering Parts |
|
|
- |
|
|
|
1,895,509 |
|
|
|
1,895,509 |
|
Services |
|
|
785,264 |
|
|
|
286,920 |
|
|
|
1,072,184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,053,070 |
|
|
$ |
2,342,966 |
|
|
$ |
5,396,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods transferred at a point in time |
|
$ |
2,148,706 |
|
|
$ |
160,537 |
|
|
$ |
2,309,243 |
|
Services transferred over time |
|
|
904,364 |
|
|
|
2,182,429 |
|
|
|
3,086,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,053,070 |
|
|
$ |
2,342,966 |
|
|
$ |
5,396,036 |
|
CODA
OCTOPUS GROUP, INC.
Notes
to the Unaudited Consolidated Financial Statements
July
31, 2021 and 2020
NOTE
15 -SEGMENT ANALYSIS (Continued)
|
|
For the Nine Months Ended July 31, 2021 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
2,425,850 |
|
|
$ |
1,703,464 |
|
|
$ |
4,129,314 |
|
Europe |
|
|
4,440,036 |
|
|
|
2,769,707 |
|
|
|
7,209,743 |
|
Australia/Asia |
|
|
4,466,796 |
|
|
|
- |
|
|
|
4,466,796 |
|
Middle East/Africa |
|
|
445,057 |
|
|
|
- |
|
|
|
445,057 |
|
|
|
|
11,777,739 |
|
|
|
4,473,171 |
|
|
$ |
16,250,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
8,035,469 |
|
|
$ |
1,096,718 |
|
|
$ |
9,132,187 |
|
Equipment Rentals |
|
|
1,645,942 |
|
|
|
- |
|
|
|
1,645,942 |
|
Software Sales |
|
|
599,425 |
|
|
|
- |
|
|
|
599,425 |
|
Engineering Parts |
|
|
213,956 |
|
|
|
2,727,892 |
|
|
|
2,941,848 |
|
Services |
|
|
1,282,947 |
|
|
|
648,561 |
|
|
|
1,931,508 |
|
|
|
|
11,777,739 |
|
|
|
4,473,171 |
|
|
$ |
16,250,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods transferred at a point in time |
|
$ |
8,666,514 |
|
|
$ |
984,717 |
|
|
$ |
9,651,231 |
|
Services transferred over time |
|
|
3,111,225 |
|
|
|
3,488,454 |
|
|
|
6,599,679 |
|
|
|
$ |
11,777,739 |
|
|
$ |
4,473,171 |
|
|
$ |
16,250,910 |
|
CODA
OCTOPUS GROUP, INC.
Notes
to the Unaudited Consolidated Financial Statements
July
31, 2021 and 2020
NOTE
15 -SEGMENT ANALYSIS (Continued)
|
|
For the Nine Months Ended July 31, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
2,126,863 |
|
|
$ |
4,899,676 |
|
|
$ |
7,026,539 |
|
Europe |
|
|
1,379,134 |
|
|
|
2,089,476 |
|
|
|
3,468,610 |
|
Australia/Asia |
|
|
4,760,390 |
|
|
|
- |
|
|
|
4,760,390 |
|
Middle East/Africa |
|
|
110,694 |
|
|
|
- |
|
|
|
110,694 |
|
|
|
$ |
8,377,081 |
|
|
$ |
6,989,152 |
|
|
$ |
15,366,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
5,241,537 |
|
|
$ |
160,537 |
|
|
$ |
5,402,074 |
|
Equipment Rentals |
|
|
947,664 |
|
|
|
- |
|
|
|
947,664 |
|
Software Sales |
|
|
358,467 |
|
|
|
- |
|
|
|
358,467 |
|
Engineering Parts |
|
|
- |
|
|
|
5,883,872 |
|
|
|
5,883,872 |
|
Services |
|
|
1,829,413 |
|
|
|
944,743 |
|
|
|
2,774,156 |
|
|
|
$ |
8,377,081 |
|
|
$ |
6,989,152 |
|
|
$ |
15,366,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods transferred at a point in time |
|
$ |
5,467,995 |
|
|
$ |
160,537 |
|
|
$ |
5,628,532 |
|
Services transferred over time |
|
|
2,909,086 |
|
|
|
6,828,615 |
|
|
|
9,737,701 |
|
|
|
$ |
8,377,081 |
|
|
$ |
6,989,152 |
|
|
$ |
15,366,233 |
|
|