Coda Octopus Group Files 10-Q for Period Ending April 30, 2024
Ticker: CODA · Form: 10-Q · Filed: Jun 12, 2024 · CIK: 1334325
| Field | Detail |
|---|---|
| Company | Coda Octopus Group, INC. (CODA) |
| Form Type | 10-Q |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Coda Octopus Group 10-Q filed, check financials for Q ending April 30, 2024.
AI Summary
Coda Octopus Group, Inc. filed a 10-Q for the period ending April 30, 2024. The filing covers their financial performance and operations. Key financial data and operational details for the period are presented in this report.
Why It Matters
This filing provides investors and stakeholders with an update on Coda Octopus Group's financial health and operational progress during the specified period.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal performance trends or risks, requiring careful analysis.
Key Players & Entities
- Coda Octopus Group, Inc. (company) — Filer of the 10-Q report
- 20240430 (date) — End of the reporting period
- 3300 S HIAWASSEE RD., SUITE 104-105, ORLANDO, FL 32835 (address) — Business and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the period ending April 30, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001334325.
What is the Standard Industrial Classification (SIC) code for Coda Octopus Group, Inc.?
The SIC code for Coda Octopus Group, Inc. is 3812, which falls under SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS.
What is the state of incorporation for Coda Octopus Group, Inc.?
Coda Octopus Group, Inc. is incorporated in Delaware (DE).
What is the fiscal year end for Coda Octopus Group, Inc.?
The fiscal year end for Coda Octopus Group, Inc. is October 31 (1031).
Filing Stats: 4,466 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-06-12 08:00:56
Key Financial Figures
- $0.001 — tstanding of the issuer's common stock, $0.001 par value as of June 12, 2024 is 11,175
Filing Documents
- form10-q.htm (10-Q) — 1824KB
- ex31.htm (EX-31) — 36KB
- ex32.htm (EX-32) — 9KB
- 0001493152-24-023544.txt ( ) — 7170KB
- coda-20240430.xsd (EX-101.SCH) — 28KB
- coda-20240430_cal.xml (EX-101.CAL) — 59KB
- coda-20240430_def.xml (EX-101.DEF) — 91KB
- coda-20240430_lab.xml (EX-101.LAB) — 233KB
- coda-20240430_pre.xml (EX-101.PRE) — 186KB
- form10-q_htm.xml (XML) — 1705KB
– Financial Information
PART I – Financial Information 3 Item 1: Financial Statements 3 Consolidated Balance Sheets as of April 30, 2024 (Unaudited) and October 31, 2023 3 Consolidated 5 Consolidated (Unaudited) 6 Consolidated 7 Notes to Unaudited Consolidated Financial Statements 8
: Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations 23
: Quantitative and Qualitative Disclosures about Market Risks
Item 3: Quantitative and Qualitative Disclosures about Market Risks 34
: Controls and Procedures
Item 4: Controls and Procedures 34
– Other Information
PART II – Other Information 35
: Legal Proceedings
Item 1: Legal Proceedings 35
: Risk Factors
Item 1A: Risk Factors 35
: Unregistered Sales of Equity Securities and Use of Proceeds
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 35
: Default Upon Senior Securities
Item 3: Default Upon Senior Securities 35
: Mine Safety Disclosures
Item 4: Mine Safety Disclosures 35
: Other Information
Item 5: Other Information 35
: Exhibits
Item 6: Exhibits 35
Signatures
Signatures 36 2 PART I. FINANCIAL INFORMATION CODA OCTOPUS GROUP, INC. Consolidated Balance Sheets April 30, 2024 and October 31, 2023 2024 2023 Unaudited ASSETS CURRENT ASSETS Cash and Cash Equivalents $ 23,709,676 $ 24,448,841 Accounts Receivable 4,402,355 2,643,461 Inventory 12,645,976 11,685,525 Unbilled Receivables 1,580,546 894,251 Prepaid Expenses 786,490 181,383 Other Current Assets 706,491 1,034,626 Total Current Assets 43,831,534 40,888,087 FIXED ASSETS Property and Equipment, net 6,261,124 6,873,320 OTHER ASSETS Goodwill 3,382,108 3,382,108 Intangible Assets, net 522,390 486,615 Deferred Tax Asset - 211,386 Total Other Assets 3,904,498 4,080,109 Total Assets $ 53,997,156 $ 51,841,516 The accompanying notes are an integral part of these unaudited consolidated financial statements. 3 CODA OCTOPUS GROUP, INC. Consolidated Balance Sheets (Continued) April 30, 2024 and October 31, 2023 2024 2023 Unaudited LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable $ 1,212,484 $ 1,308,201 Accrued Expenses and Other Current Liabilities 884,182 995,630 Deferred Revenue 721,167 975,537 Total Current Liabilities 2,817,833 3,279,368 LONG TERM LIABILITIES Deferred Tax Liability 10,589 - Deferred Revenue, less current portion 102,364 133,382 Total Liabilities 2,930,786 3,412,750 STOCKHOLDERS' EQUITY Common Stock, $ .001 par value; 150,000,000 shares authorized, 11,172,683 issued and outstanding as of April 30, 2024 and 11,117,695 shares issued and outstanding as of October 31, 2023 11,173 11,118 Treasury Stock ( 61,933 ) ( 46,300 ) Additional Paid-in Capital 62,975,143 62,958,984 Accumulated Other Comprehensive Loss ( 2,850,652 ) ( 3,442,549 ) Accumulated Deficit ( 9,007,361 ) ( 11,052,487 ) Total Stockholders' Equity 51,066,370 48,428,766 Total Liabilities and Stockholders' Equity $ 53,997,156 $ 51,84