SEGMENT ANALYSIS (Tables)

6 Months Ended

Apr. 30, 2025

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

		Marine Technology Business				Acoustic Sensors and Materials Business				Marine Engineering Business				Overhead				Total

Three Months Ended April 30, 2025

Net Revenues		$	3,878,090			$	1,299,069			$	1,840,300			$	-			$	7,017,459

Cost of Revenues			1,251,417				449,664				819,097				-				2,520,178

Gross Profit			2,626,673				849,405				1,021,203				-				4,497,281

Research & Development			565,385				95,266				29,344								689,995
Selling, General & Administrative			1,097,358				608,923				540,091				473,230				2,719,602

Total Operating Expenses			1,662,743				704,189				569,435				473,230				3,409,597

Income (Loss) from Operations			963,930				145,216				451,768				(473,230	)			1,087,684

Other Income
Other Income			4,967				27,365				-				-				32,332
Interest Income			86,358				1,290				25,954				31,992				145,594

Total Other Income			91,325				28,655				25,954				31,992				177,926

Income (Loss) before Income Taxes			1,055,255				173,871				477,722				(441,238	)			1,265,610

Income Tax (Expense) Benefit
Current Tax (Expense)			(32,658	)			(167,083	)			-				(174,960	)			(374,701	)
Deferred Tax Benefit			-				-				-				17,853				17,853

Total Income Tax (Expense) Benefit			(32,658	)			(167,083	)			-				(157,107	)			(356,848	)

Net Income (Loss)		$	1,022,597			$	6,788			$	477,722			$	(598,345	)		$	908,762

Supplemental Disclosures

Total Assets		$	37,175,601			$	7,036,570			$	13,538,446			$	2,839,527			$	60,590,144

Total Liabilities		$	2,689,882			$	1,241,450			$	609,333			$	160,982			$	4,701,647

Revenues from Intercompany Sales - eliminated from sales above		$	2,189,543			$	19,339			$	83,921			$	300,000			$	2,592,803

Depreciation and Amortization		$	134,486			$	173,022			$	15,823			$	12,336			$	335,667

Purchases of Long-lived Assets		$	4,997			$	6,635			$	12,579			$	-			$	24,211

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

April 30, 2025 and October 31, 2024

NOTE 15 – SEGMENT ANALYSIS (Continued)

In the Segment Analysis information presented for the Previous Quarter, there is no comparative information for the Acoustics Sensors and Material Business (“PAL”) as this business unit was acquired by the Company on October 29, 2024.

		Marine Technology Business				Marine Engineering Business				Overhead				Total

Three Months Ended April 30, 2024

Net Revenues		$	3,524,714			$	1,798,464			$	-			$	5,323,178

Cost of Revenues			697,464				887,280				-				1,584,744

Gross Profit			2,827,250				911,184				-				3,738,434

Research & Development			485,061				57,420				-				542,481
Selling, General & Administrative			792,820				596,451				456,299				1,845,570

Total Operating Expenses			1,277,881				653,871				456,299				2,388,051

Income (Loss) from Operations			1,549,369				257,313				(456,299	)			1,350,383

Other Income
Other Income			(14,616	)			11,980				-				(2,636	)
Interest Income			202,157				52,067				39,244				293,468

Total Other Income			187,541				64,047				39,244				290,832

Income (Loss) before Income Taxes			1,736,910				321,360				(417,055	)			1,641,215

Income Tax (Expense)
Current Tax (Expense)			(43,900	)			-				(147,173	)			(191,073	)
Deferred Tax (Expense)			(10,975	)			-				(23,929	)			(34,904	)

Total Income Tax (Expense)			(54,875	)			-				(171,102	)			(225,977	)

Net Income (Loss)		$	1,682,035			$	321,360			$	(588,157	)		$	1,415,238

Supplemental Disclosures

Total Assets		$	37,040,637			$	13,945,102			$	3,011,417			$	53,997,156

Total Liabilities		$	1,807,318			$	912,679			$	210,789			$	2,930,786

Revenues from Intercompany Sales - eliminated from sales above		$	474,742			$	104,263			$	318,000			$	897,005

Depreciation and Amortization		$	158,112			$	24,343			$	11,658			$	194,113

Purchases of Long-lived Assets		$	153,339			$	1,185			$	42,818			$	197,342

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

April 30, 2025 and October 31, 2024

		Marine Technology Business				Acoustic Sensors and Materials Business				Marine Engineering Business				Overhead				Total

Six Months Ended April 30, 2025

Net Revenues		$	6,153,899			$	2,611,330			$	3,461,945			$	-			$	12,227,174

Cost of Revenues			1,863,585				951,781				1,486,057				-				4,301,423

Gross Profit			4,290,314				1,659,549				1,975,888				-				7,925,751

Research & Development			971,197				186,230				75,694				-				1,233,121
Selling, General & Administrative			1,663,222				847,177				1,177,987				1,254,538				4,942,924

Total Operating Expenses			2,634,419				1,033,407				1,253,681				1,254,538				6,176,045

Income (Loss) from Operations			1,655,895				626,142				722,207				(1,254,538	)			1,749,706

Other Income
Other Income			10,813				100,186				-				-				110,999
Interest Income			241,671				3,592				53,310				41,192				339,765

Total Other Income			252,484				103,778				53,310				41,192				450,764

Income (Loss) before Income Taxes			1,908,379				729,920				775,517				(1,213,346	)			2,200,470

Income Tax (Expense) Benefit
Current Tax (Expense)			(81,532	)			(167,083	)			-				(174,960	)			(423,575	)
Deferred Tax Benefit			-				-				-				44,842				44,842

Total Income Tax (Expense)			(81,532	)			(167,083	)			-				(130,118	)			(378,733	)

Net Income (Loss)		$	1,826,847			$	562,837			$	775,517			$	(1,343,464	)		$	1,821,737

Supplemental Disclosures

Total Assets		$	37,175,601			$	7,036,570			$	13,538,446			$	2,839,527			$	60,590,144

Total Liabilities		$	2,689,882			$	1,241,450			$	609,333			$	160,982			$	4,701,647

Revenues from inter-company sales - eliminated from sales above		$	3,111,874			$	22,091			$	102,734			$	612,000			$	3,848,699

Depreciation and Amortization		$	281,817			$	329,392			$	32,527			$	25,336			$	669,072

Purchases of Long-lived Assets		$	23,295			$	113,977			$	15,047			$	-			$	152,319

CODA OCTOPUS GROUP, INC.

Notes to the Unaudited Consolidated Financial Statements

April 30, 2025 and October 31, 2024

		Marine Technology Business				Marine Engineering Business				Overhead				Total

Six Months Ended April 30, 2024

Net Revenues		$	7,067,480			$	2,716,889			$	-			$	9,784,369

Cost of Revenues			1,671,344				1,287,855				-				2,959,199

Gross Profit			5,396,136				1,429,034				-				6,825,170

Research & Development			946,436				82,022				-				1,028,458
Selling, General & Administrative			1,628,211				1,196,935				1,065,799				3,890,945

Total Operating Expenses			2,574,647				1,278,957				1,065,799				4,919,403

Income (Loss) from Operations			2,821,489				150,077				(1,065,799	)			1,905,767

Other Income
Other Income			5,690				26,694				-				32,384
Interest Income			337,888				108,876				39,244				486,008

Total Other Income			343,578				135,570				39,244				518,392

Income (Loss) before Income Taxes			3,165,067				285,647				(1,026,555	)			2,424,159

Income Tax (Expense) Benefit
Current Tax (Expense)			(79,440	)			-				(77,618	)			(157,058	)
Deferred Tax Benefit (Expense)			16,353				-				(238,328	)			(221,975	)

Total Income Tax (Expense) Benefit			(63,087	)			-				(315,946	)			(379,033	)

Net Income (Loss)		$	3,101,980			$	285,647			$	(1,342,501	)		$	2,045,126

Supplemental Disclosures

Total Assets		$	37,040,637			$	13,945,102			$	3,011,417			$	53,997,156

Total Liabilities		$	1,807,318			$	912,679			$	210,789			$	2,930,786

Revenues from inter-company sales - eliminated from sales above		$	1,423,676			$	115,053			$	630,000			$	2,168,729

Depreciation and Amortization		$	311,131			$	49,700			$	23,820			$	384,651

Purchases of Long-lived Assets		$	285,762			$	3,393			$	70,663			$	359,818