SCHEDULE OF SEGMENT REPORTING INFORMATION |
SCHEDULE
OF SEGMENT REPORTING INFORMATION
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended January 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenues |
|
$ |
3,824,159 |
|
|
$ |
1,772,125 |
|
|
$ |
- |
|
|
$ |
5,596,284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
1,064,244 |
|
|
|
779,035 |
|
|
|
- |
|
|
|
1,843,279 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
2,759,915 |
|
|
|
993,090 |
|
|
|
- |
|
|
|
3,753,005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
438,308 |
|
|
|
6,150 |
|
|
|
- |
|
|
|
444,458 |
|
Selling, General & Administrative |
|
|
661,759 |
|
|
|
646,310 |
|
|
|
654,382 |
|
|
|
1,962,451 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
1,100,067 |
|
|
|
652,460 |
|
|
|
654,382 |
|
|
|
2,406,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,659,848 |
|
|
|
340,630 |
|
|
|
(654,382 |
) |
|
|
1,346,096 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
15,020 |
|
|
|
745 |
|
|
|
- |
|
|
|
15,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income |
|
|
15,020 |
|
|
|
745 |
|
|
|
- |
|
|
|
15,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax (Expense) Benefit |
|
|
(18,873 |
) |
|
|
(19,856 |
) |
|
|
38,718 |
|
|
|
(11 |
) |
Deferred Tax (Expense) Benefit |
|
|
- |
|
|
|
- |
|
|
|
36,007 |
|
|
|
36,007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(18,873 |
) |
|
|
(19,856 |
) |
|
|
74,725 |
|
|
|
35,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,655,995 |
|
|
$ |
321,519 |
|
|
$ |
(579,657 |
) |
|
$ |
1,397,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
36,176,835 |
|
|
$ |
13,377,560 |
|
|
$ |
949,710 |
|
|
$ |
50,504,105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
2,694,766 |
|
|
$ |
758,160 |
|
|
$ |
480,710 |
|
|
$ |
3,933,636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
829,674 |
|
|
$ |
45,707 |
|
|
$ |
680,000 |
|
|
$ |
1,555,381 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
128,838 |
|
|
$ |
24,910 |
|
|
$ |
10,259 |
|
|
$ |
164,007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
79,642 |
|
|
$ |
4,780 |
|
|
$ |
21,485 |
|
|
$ |
105,907 |
|
CODA
OCTOPUS GROUP, INC.
Notes
to the Consolidated Financial Statements
January
31, 2023 and October 31, 2022
NOTE
14 - SEGMENT ANALYSIS (Continued)
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended January 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenues |
|
$ |
3,823,748 |
|
|
$ |
2,014,460 |
|
|
$ |
- |
|
|
$ |
5,838,208 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
572,292 |
|
|
|
1,105,982 |
|
|
|
- |
|
|
|
1,678,274 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
3,251,456 |
|
|
|
908,478 |
|
|
|
- |
|
|
|
4,159,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
529,375 |
|
|
|
143,515 |
|
|
|
- |
|
|
|
672,890 |
|
Selling, General & Administrative |
|
|
753,614 |
|
|
|
651,149 |
|
|
|
706,349 |
|
|
|
2,111,112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
1,282,989 |
|
|
|
794,664 |
|
|
|
706,349 |
|
|
|
2,784,002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,968,467 |
|
|
|
113,814 |
|
|
|
(706,349 |
) |
|
|
1,375,932 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
9,049 |
|
|
|
70,945 |
|
|
|
- |
|
|
|
79,994 |
|
Interest Expense |
|
|
(4,882 |
) |
|
|
(5,026 |
) |
|
|
(1,370 |
) |
|
|
(11,278 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
4,167 |
|
|
|
65,919 |
|
|
|
(1,370 |
) |
|
|
68,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax (Expense) Benefit |
|
|
(266,520 |
) |
|
|
24,036 |
|
|
|
(43,125 |
) |
|
|
(285,609 |
) |
Deferred Tax (Expense) Benefit |
|
|
6,708 |
|
|
|
204 |
|
|
|
51,297 |
|
|
|
58,209 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(259,812 |
) |
|
|
24,240 |
|
|
|
8,172 |
|
|
|
(227,400 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,712,822 |
|
|
$ |
203,973 |
|
|
$ |
(699,547 |
) |
|
$ |
1,217,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
30,847,114 |
|
|
$ |
13,893,382 |
|
|
$ |
658,735 |
|
|
$ |
45,399,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,635,666 |
|
|
$ |
501,339 |
|
|
$ |
429,580 |
|
|
$ |
2,566,585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
389,395 |
|
|
$ |
115,823 |
|
|
$ |
600,000 |
|
|
$ |
1,105,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
135,658 |
|
|
$ |
16,657 |
|
|
$ |
9,151 |
|
|
$ |
161,466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
986,093 |
|
|
$ |
1,000 |
|
|
$ |
14,871 |
|
|
$ |
1,001,964 |
|
|