NOTE 6 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS

Certified Deposit Interest Bearing Accounts

The Company established certified deposit interest-bearing accounts with its current bankers HSBC NA and Jyske Bank in February 2023. 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 in the UK that tracks the Bank of England base rate, which has no restrictions on access and has a current rate of 5.0%. The table below indicates the applicable interest rates and amounts which are held in certified deposit and unrestricted interest-bearing accounts at the date hereof:

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

*Held in Jyske Bank USD Account

Inventory consisted of the following as of:

SCHEDULE OF COMPONENTS OF INVENTORY

Other current assets consisted of the following as of:

  SUMMARY OF OTHER CURRENT ASSETS

Property and equipment consisted of the following as of:

  SCHEDULE OF PROPERTY AND EQUIPMENT

Depreciation expense for the years ended October 31, 2023, and 2022 was $603,467 and $678,652 respectively.

Property and equipment, net, by geographic areas was 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

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

October 31, 2023 and 2022

Total Other Income, net consisted of the following for the year ended:

 SCHEDULE OF OTHER INCOME