NOTE 10 – CONCENTRATIONS

Significant Customers

During the three months ended April 30, 2022, the Company had one customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $549,134, or 11% of net revenues during the three months ended April 30, 2022. Receivables from this customer was $184,374, or 9.3% of net receivables as of April 30, 2022

During the three months ended April 30, 2021, the Company had three customers from whom it generated sales greater than 10% of net revenues. Revenues from these customers were $2,178,677, or 41% of net revenues during three months ended April 30, 2021. Receivables from these customers were $1,048,055 or 33% of net receivable as of April 30, 2021.

During the six months ended April 30, 2022, the Company had two customers from whom it generated sales greater than 10% of net revenues. Revenues from these customers were $2,374,201, or 22% of net revenues during six months ended April 30, 2022. Receivables from these customers were $600 or 0.03% of net receivables as of April 30, 2022

During the six months ended April 30, 2021, the Company had one customer from whom it generated sales greater than 10% of net revenues. Revenues from this customer were $1,045,367, or 10% of net revenues six months ended April 30, 2021. Receivables from this customer were $321,392 or 10% of net receivable as of April 30, 2021.

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

April 30, 2022, and October 31, 2021