Annual report pursuant to Section 13 and 15(d)

DISAGGREGATION OF REVENUE

v3.22.4
DISAGGREGATION OF REVENUE
12 Months Ended
Oct. 31, 2022
Revenue from Contract with Customer [Abstract]  
DISAGGREGATION OF REVENUE

NOTE 14 - DISAGGREGATION OF REVENUE

  

    For the Year Ended October 31, 2022  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                  
Revenues                  
Primary Geographical Markets                        
Americas   $ 5,668,948     $ 4,566,349     $ 10,235,297  
Europe     1,559,778       2,900,906       4,460,684  
Australia/Asia     5,723,970       -       5,723,970  
Middle East/Africa     1,771,992       33,860       1,805,852  
                         
Total Revenues   $ 14,724,688     $ 7,501,115     $ 22,225,803  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 8,771,050     $ 1,544,002     $ 10,315,052  
Equipment Rentals     1,844,775       -       1,844,775  
Software Sales     1,014,867       -       1,014,867  
Engineering Parts     -       3,530,407       3,530,407  
Services     3,093,996       2,426,706       5,520,702  
                         
Total Revenues   $ 14,724,688     $ 7,501,115     $ 22,225,803  
                         
Goods transferred at a point in time   $ 9,785,917     $ 1,562,799     $ 11,348,716  
Services transferred over time     4,938,771       5,938,316       10,877,087  
                         
Total Revenues   $ 14,724,688     $ 7,501,115     $ 22,225,803  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

October 31, 2022 and 2021

 

NOTE 14 - DISAGGREGATION OF REVENUE (Continued)

 

    For the Year Ended October 31, 2021  
    Marine     Marine        
    Technology     Engineering     Grand  
    Business     Business     Total  
Disaggregation of Total Net Sales                  
Revenues                  
Primary Geographical Markets                        
Americas   $ 3,434,552     $ 2,188,812     $ 5,623,364  
Europe     5,623,227       3,338,493       8,961,720  
Australia/Asia     5,867,710       -       5,867,710  
Middle East/Africa     878,733       -       878,733  
                         
Total Revenues   $ 15,804,222     $ 5,527,305     $ 21,331,527  
                         
Major Goods/Service Lines                        
Equipment Sales   $ 10,914,124     $ 1,421,614     $ 12,335,738  
Equipment Rentals     2,324,773       -       2,324,773  
Software Sales     669,968       -       669,968  
Engineering Parts     -       3,239,866       3,239,866  
Services     1,895,357       865,825       2,761,182  
                         
Total Revenues   $ 15,804,222     $ 5,527,305     $ 21,331,527  
                         
Goods transferred at a point in time   $ 11,588,099     $ 1,421,614     $ 13,009,713  
Services transferred over time     4,216,123       4,105,691       8,321,814  
                         
Total Revenues   $ 15,804,222     $ 5,527,305     $ 21,331,527  

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

October 31, 2022 and 2021