Coda Octopus (CODA) 10-K28 Jan 202019 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Oct. 31, 2019	Jan. 27, 2020	Apr. 30, 2019
Document And Entity Information
Entity Registrant Name	Coda Octopus Group, Inc.
Entity Central Index Key	0001334325
Document Type	10-K
Document Period End Date	Oct. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Reporting Status Current	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 51,236,000
Entity Common Stock, Shares Outstanding		10,721,881
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Oct. 31, 2019	Oct. 31, 2018
CURRENT ASSETS
Cash	$ 11,721,683	$ 7,512,422
Accounts Receivable, net	4,431,971	3,326,623
Inventory	5,350,514	3,823,243
Unbilled Receivables	2,279,362	3,013,116
Other Current Assets	117,936	219,424
Prepaid Expenses	198,140	227,479
Total Current Assets	24,099,606	18,122,307
FIXED ASSETS
Property and Equipment, net	5,986,812	5,246,183
OTHER ASSETS
Goodwill and Other Intangibles, net	3,612,891	3,613,952
Deferred Tax Asset	631,684	1,754,169
Total Other Assets	4,244,575	5,368,121
Total Assets	34,330,993	28,736,611
CURRENT LIABILITIES
Accounts Payable	1,273,490	988,148
Accrued Expenses and Other Current Liabilities	396,421	685,454
Loans and Note Payable, current	487,140	964,695
Deferred Revenue, current	830,148	602,914
Total Current Liabilities	2,987,199	3,241,211
LONG TERM LIABILITIES
Deferred Revenue, long term	143,587	48,906
Loans and Note Payable, long term	572,434	1,059,544
Total Long Term Liabilities	716,021	1,108,450
Total Liabilities	3,703,220	4,349,661
STOCKHOLDERS' EQUITY
Common Stock, $.001 par value; 150,000,000 shares authorized, 10,721,881 and 10,640,416 shares issued and outstanding as of October 31, 2019 and 2018, respectively	10,723	10,641
Additional Paid-in Capital	59,521,665	58,599,378
Accumulated Other Comprehensive Loss	(2,135,408)	(2,228,663)
Accumulated Deficit	(26,769,207)	(31,994,406)
Total Stockholders' Equity	30,627,773	24,386,950
Total Liabilities and Stockholders' Equity	$ 34,330,993	$ 28,736,611

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2019	Oct. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	10,721,881	10,640,416
Common stock, shares outstanding	10,721,881	10,640,416

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Income Statement [Abstract]
Net Revenues	$ 25,056,934	$ 18,019,429
Cost of Revenues	8,627,615	5,357,067
Gross Profit	16,429,319	12,662,362
OPERATING EXPENSES
Research & Development	2,801,331	2,571,714
Selling, General & Administrative	7,374,551	6,779,881
Total Operating Expenses	10,175,882	9,351,595
INCOME FROM OPERATIONS	6,253,437	3,310,767
OTHER INCOME (EXPENSE)
Other Income	70,212	41,222
Interest Expense	(91,096)	(249,090)
Total Other Income (Expense)	(20,884)	(207,868)
NET INCOME BEFORE INCOME TAXES	6,232,553	3,102,899
INCOME TAX BENEFIT (EXPENSE)
Current Tax Benefit	39,422	131,463
Deferred Tax (Expense) Benefit	(1,046,776)	1,754,169
Total Income Tax Benefit (Expense)	(1,007,354)	1,885,632
NET INCOME	$ 5,225,199	$ 4,988,531
NET INCOME PER SHARE:
Basic	$ 0.49	$ 0.49
WEIGHTED AVERAGE SHARES:
Basic	10,680,007	10,093,538
NET INCOME	$ 5,225,199	$ 4,988,531
Other Comprehensive Income (Loss)
Foreign Currency Translation Adjustment	93,255	(190,232)
Total Other Comprehensive Income (Loss)	93,255	(190,232)
COMPREHENSIVE INCOME	$ 5,318,454	$ 4,798,299

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Preferred Stock Series C [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]	Total
Balance at Oct. 31, 2017	$ 1	$ 9,136	$ 52,839,651	$ (2,038,431)	$ (36,982,937)	$ 13,827,420
Balance, shares at Oct. 31, 2017	1,000	9,136,121
Stock issued to investors		$ 1,204	5,311,528			5,312,732
Stock issued to investors, shares		1,203,727
Stock Issued to Consultant		$ 38	170,962			171,000
Stock Issued to Consultant, shares		37,500
Stock Issued to Former Officer		$ 63	277,436			277,499
Stock Issued to Former Officer, shares		63,068
Redemption of the series C Preferred Stock	$ (1)		(999,999)			(1,000,000)
Redemption of the series C Preferred Stock, shares	(1,000)
Issuance of Stock to Redeem Series C Preferred Stock		$ 200	999,800			1,000,000
Issuance of Stock to Redeem Series C Preferred Stock, shares		200,000
Foreign Currency Translation Adjustment				(190,232)		(190,232)
Net Income					4,988,531	4,988,531
Balance at Oct. 31, 2018		$ 10,641	58,599,378	(2,228,663)	(31,994,406)	24,386,950
Balance, shares at Oct. 31, 2018		10,640,416
Stock issued to investors		$ 25	105,421			105,446
Stock issued to investors, shares		23,965
Stock Issued to Consultant		$ 20	291,780			291,800
Stock Issued to Consultant, shares		20,000
Stock issued to Directors		$ 32	302,757			302,789
Stock issued to Directors, shares		32,143
Disgorgement of Stock Sales			166,514			166,514
Stock issued to Employee		$ 5	55,815			55,820
Stock issued to Employee, shares		5,357
Foreign Currency Translation Adjustment				93,255		93,255
Net Income					5,225,199	5,225,199
Balance at Oct. 31, 2019		$ 10,723	$ 59,521,665	$ 2,135,408	$ 26,769,207	$ 30,627,773
Balance, shares at Oct. 31, 2019		10,721,881

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Oct. 31, 2019	Oct. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 5,225,199	$ 4,988,531
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	833,775	774,743
Stock compensation	650,409	448,499
Loss (Gain) on the sale of property and equipment	9,215	(16,335)
(Increase) decrease in operating assets:
Accounts receivable	(1,105,348)	(1,908,509)
Inventory	(1,527,271)	(349,823)
Unbilled receivables	733,754	(289,944)
Other current assets	101,488	101,390
Prepaid expenses	29,339	64,144
Deferred tax asset	1,122,485	(1,754,169)
(Decrease) Increase in operating liabilities:
Accounts payable and other current liabilities	(3,691)	172,400
Deferred revenue	321,915	199,722
Net Cash Provided by Operating Activities	6,391,269	2,430,649
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(2,263,007)	(565,290)
Purchases of other intangible assets	(38,628)	(71,862)
Proceeds from the sale of property and equipment	719,077
Net Cash used in Investing Activities	(1,582,558)	(637,152)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments - loans and notes payable	(964,665)	(6,255,114)
Disgorgement of stock sales	166,514
Issuance of common stock for cash	105,446	5,312,732
Net Cash Used in Financing Activities	(692,705)	(942,382)
EFFECT OF CURRENCY EXCHANGE RATE ON CHANGES IN CASH	93,255	(190,232)
NET INCREASE IN CASH	4,209,261	660,883
CASH AT THE BEGINNING OF THE YEAR	7,512,422	6,851,539
CASH AT THE END OF THE YEAR	11,721,683	7,512,422
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest	91,097	291,802
Cash paid for taxes	7,840	27,192
Non-cash Transactions
Transfer of Demo assets from inventory to property and equipment		178,829
Common stock issued for redemption of Series C preferred stock		$ 1,000,000

Organization and Description of

Organization and Description of Business	12 Months Ended
Organization and Description of Business	Oct. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Coda Octopus Group, Inc. (“Coda,” “the Company,” or “we”) operates two distinct operating business units. These are the Marine Technology Business (“Products Segment”) and the Marine Engineering Business (“Services Segment”). The Marine Technology Business sells solutions which it designs, develops and manufactures to the subsea market. Among the solutions it designs and develops is its real time volumetric imaging sonar which is a unique and leading product in the subsea market. The Marine Engineering Business supplies proprietary parts (for which it enjoys) sole source status to prime defense contractors. These parts are part of a broader sub-system into mission critical defense systems. The consolidated financial statements include the accounts of Coda Octopus Group, Inc. and our domestic and foreign subsidiaries. All significant intercompany transactions and balances have been eliminated in the consolidated financial statements.

Summary of Accounting Policies

Summary of Accounting Policies	12 Months Ended
Summary of Accounting Policies	Oct. 31, 2019
Accounting Policies [Abstract]
Summary of Accounting Policies	NOTE 2 - SUMMARY OF ACCOUNTING POLICIES a. Basis of Presentation The Company has adopted the Financial Accounting Standards Board (FASB) Accounting Standards Codification (Codification). The Codification is the single official source of authoritative accounting principles generally accepted in the United States of America (U.S. GAAP) recognized by the FASB to be applied by nongovernmental entities, and all of the Codification’s content carries the same level of authority. b. Cash The Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. At times such investments may be in excess of federal deposit insurance limits. c. Trade Accounts Receivable Trade accounts receivable are recorded net of the allowance for doubtful accounts. The Company provides for an allowance for doubtful collections that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Balances still outstanding after the Company has used reasonable collection efforts are written off though a charge to the valuation allowance and a credit to trade accounts receivable. The allowance for doubtful accounts was $47,807 and $47,807 as of October 31, 2019 and 2018 respectively. d. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Expenditures for minor replacements, maintenance and repairs which do not increase the useful lives of the property and equipment are charged to operations as incurred. Major additions and improvements are capitalized. Depreciation and amortization are computed using the straight-line method over their estimated useful lives which is typically three to five years for equipment and 30 years for buildings. e. Advertising The Company follows the policy of charging the costs of advertising to expense as incurred, which aggregated $18,271 and $5,017 for the years ended October, 31 2019 and 2018 respectively. f. Inventory Inventory is stated at the lower of cost (weighted average method) or net realizable value. Inventory consisted of the following components: October 31, 2019 October 31, 2018 Raw materials and parts $ 4,379,260 $ 2,887,505 Work in progress 517,354 472,204 Finished goods 453,900 463,534 Total Inventory $ 5,350,514 $ 3,823,243 g. Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues including unbilled and deferred revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates related to the percentage of completion method used to account for contracts including costs and earnings in excess of billings, billings in excess of costs and estimated earnings and the valuation of goodwill. h. Revenue Recognition Beginning on November 1, 2018, the Company adopted the Financial Accounting Standards Board’s Topic 606, Revenue from Contracts with Customers Revenue Recognition. Topic 606 has established a five-step process to determine the amount of revenue to record from contracts with customers. The five steps are: ● Determine if we have a contract with a customer; ● Determine the performance obligations in that contract; ● Determine the transaction price; ● Allocate the transaction price to the performance obligations; and ● Determine when to recognize revenue. All of our revenues are earned under formal contracts with our customers and are derived from both sales and rental of underwater technologies and equipment for imaging, mapping, defense and survey applications and from the engineering services that we provide. Our contracts do not include the possibility for additional contingent consideration so that our determination of the contract price does not involve having to consider potential variable consideration. Our product sales do not include a right of return by the customer. With regard to our Marine Technology Business (Products Segment), all of our products are sold on a stand-alone basis and those market prices are evidence of the value of the products. To the extent that we also provide services (e.g., installation, training, etc.), those services are either included as part of the product or are subject to written contracts based on the stand-alone value of those services. Revenue from the sale of services is recognized when those services have been provided to the customer and evidence of the provision of those services exist. Revenue derived from rental of our equipment is recognized when performance obligations are met, in particular, on a daily basis during the rental period. For arrangements with multiple performance obligations, we recognize product revenue by allocating the transaction revenue to each performance obligation based on the relative fair value of each deliverable and recognize revenue when performance obligations are met including when equipment is delivered, and for rental of equipment, when installation and other services are performed. Our contracts sometimes require customer payments in advance of revenue recognition and are recognized as revenue when the Company has fulfilled its obligations under the respective contracts. Until such time, we recognize this prepayment as deferred revenue. For software license sales for which any services rendered are not considered essential to the functionality of the software, we recognize revenue upon delivery of the software. With respect to revenues related to our Marine Engineering Business (Services Segment) that are generated, there are contracts in place that specify the fixed hourly rate and other reimbursable costs to be billed based on material and direct labor hours incurred. Revenue is recognized on these contracts based on material and direct labor hours incurred. Revenues from fixed-price contracts are recognized on the percentage of completion method, measured by the percentage of costs incurred (materials and direct labor hours) to date to estimated total services (materials and direct labor hours) for each contract. This method is used as we consider expenditures for direct materials and labor hours to be the best available measure of progress on these contracts. Quarterly, we examine all of our fixed-price contracts to determine if there are any losses to be recognized during the period. Any such loss is recorded in the quarter in which the loss first becomes apparent based upon costs incurred to date and the estimated costs to complete as determined by experience from similar contracts. Variations from estimated contract performance could result in adjustments to operating results. Recoverability of Deferred Costs In accordance with Topic 606, we defer costs on projects for service revenue. Deferred costs consist primarily of direct and incremental costs to customize and install systems, as defined in individual customer contracts, including costs to acquire hardware and software from third parties and payroll costs for our employees and other third parties. The pricing of these service contracts is intended to provide for the recovery of these types of deferred costs over the life of the contract. We recognize such costs in accordance with our revenue recognition policy by contract. For revenue recognized under the percentage of completion method, costs are recognized as products are delivered or services are provided in accordance with the percentage of completion calculation. For revenue recognized ratably over the term of the contract, costs are recognized ratably over the term of the contract, commencing on the date of revenue recognition. At each quarterly balance sheet date, we review deferred costs, to ensure they are ultimately recoverable. Any anticipated losses on uncompleted contracts are recognized when evidence indicates the estimated total cost of a contract exceeds its estimated total revenue. Other Revenue Disclosures See Note 12 – Segment Analysis for a breakdown of revenues from external customers and cost of those revenues between our Product Segment and Services Segment including information on the split of revenues by geography. i. Concentrations of Risk Credit losses, if any, have been provided for in the consolidated financial statements and are based on management’s expectations. The Company’s accounts receivables are subject to potential concentrations of credit risk, since a significant part of the Company’s sales are to a small number of companies (particularly on the Services Segment side) and, even though these are generally established businesses, unforeseen events may affect our customers’ ability to meet their obligations to us. Furthermore, trade disputes may result in impairment or delays in receivables. The Company’s bank deposits are held with financial institutions both in and out of the USA. At times, such amounts may be in excess of applicable government mandated insurance limits. The Company has not experienced any losses in such accounts or lack of access to its cash, and believes it is not exposed to significant risk of loss with respect to cash. j. Contracts in Progress (Unbilled Receivables and Deferred Revenue) Costs and estimated earnings in excess of billings on uncompleted contracts represent accumulated project expenses and fees which have not been invoiced to customers as of the date of the balance sheet. These amounts are stated on the consolidated balance sheets as Unbilled Receivables of $2,279,362 and $3,013,116 as of October 31, 2019 and 2018, respectively. Our Deferred Revenue of $973,735 and $651,820 as of October 31, 2019 and 2018, respectively, consists of billings in excess of costs and revenues received as part of our warranty obligations upon completing a sale – elaborated further in the last paragraph of this note. Revenue received as part of sales of equipment includes a provision for warranty and is treated as deferred revenue, along with extended warranty sales which may be purchased by customers. These amounts are amortized over the relevant warranty period (12 is our standard warranty or 24, 36 or 60 months for extended warranty) from the date of sale. These amounts are stated on the consolidated balance sheets as a component of Deferred Revenue and were $497,819 and $335,646 as of October 31, 2019 and 2018, respectively. k. Income Taxes The Company accounts for income taxes in accordance with Accounting Standards Codification 740, Income Taxes Deferred tax assets and liabilities are the amounts by which the Company’s future income taxes are expected to be impacted by these differences as they reverse. Deferred tax assets are based on differences that are expected to decrease future income taxes as they reverse. Correspondingly, deferred tax liabilities are based on differences that are expected to increase future income taxes as they reverse. Note 7 below discusses the amounts of deferred tax assets and liabilities, and also presents the impact of significant differences between financial reporting income and taxable income. For income tax purposes, the Company uses the percentage of completion method of recognizing revenues on long-term contracts which is consistent with the Company’s financial reporting under U.S. GAAP. l. Intangible Assets Intangible assets consist principally of the excess of cost over the fair value of net assets acquired (or goodwill), customer relationships, non-compete agreements and licenses. Goodwill was allocated to our reporting units based on the original purchase price allocation. Goodwill is not amortized and is evaluated for impairment annually or more often if circumstances indicate impairment may exist. Customer relationships, non-compete agreements, patents and licenses are being amortized on a straight-line basis over periods of 2 to 15 years. The Company amortizes its limited life intangible assets using the straight-line method over their estimated period of benefit. We periodically evaluate the recoverability of intangible assets and take into account events or circumstances that warrant revised estimates of useful lives or that indicate that impairment exists. The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value, which is based on future cash flows, exceeds the carrying amount, goodwill is not considered impaired. If the carrying amount exceeds the fair value, the second step must be performed to measure the amount of the impairment loss, if any. If the Company experiences an impairment of its goodwill, the Company will adopt Accounting Standards Codification 2017 – 04, Simplifying the Test for Goodwill Impairment, which permits the Company to impair the difference between carrying amount in excess of the fair value of the reporting unit as the reduction in goodwill. ASC 2017-04 eliminates the requirement in previous GAAP to perform Step 2 of the goodwill impairment test. At the end of each year, we evaluate goodwill on a separate reporting unit basis to assess recoverability, and impairments, if any, are recognized in earnings. An impairment loss would be recognized in an amount equal to the excess of the carrying amount of the goodwill over the fair value of the reporting unit. There were no impairment charges recognized during the years ended October 31, 2019 and 2018. m. Fair Value of Financial Instruments The Company’s financial instruments include cash, accounts receivable, accounts payable, accrued expenses and notes payable. The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses approximate fair values because of the short-term nature of these instruments. The aggregate carrying amount of the notes payable approximates fair value as they bear interest at a market interest rate based on their term and maturity. The fair value of the Company’s long-term debt approximates its carrying amount based on the fact that the Company believes it could obtain similar terms and conditions for similar debt. n. Foreign Currency Translation Assets and liabilities are translated at the prevailing exchange rates at the balance sheet dates. Related revenues and expenses are translated at weighted average exchange rates in effect during the period. Stockholders’ equity, fixed assets and long-term investments are recorded at historical exchange rates. Resulting translation adjustments are recorded as a separate component in stockholders’ equity as part of accumulated other comprehensive income or (loss) as may be appropriate. Foreign currency transaction gains and losses are included in the consolidated statements of income and comprehensive income. o. Long-Lived Assets Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if its carrying amount exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposal of the asset. Long-lived assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. No impairment loss was recognized during the years ended October 31, 2019 and 2018, respectively. p. Research and Development Research and development costs consist of expenditures for the development of present and future patents and technology, which are not capitalizable. Under current legislation, we are eligible for UK tax credits related to our qualified research and development expenditures. Tax credits are classified as a reduction of research and development expense. During the years ended October 31, 2019 and 2018, we had $0 and $140,015 of such credits, respectively. q. Stock Based Compensation We recognize the expense related to the fair value of stock based compensation awards within the consolidated statements of income and comprehensive income. r. Comprehensive Income Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Comprehensive income includes gains and losses on foreign currency translation adjustments and is included as a component of stockholders’ equity. s. Earnings per Share We compute basic earnings per share by dividing the income attributable to common shareholders by the weighted average number of common shares outstanding in the reporting period. We did not have any dilutive shares in the 2019 or 2018 fiscal years. Following is a reconciliation of earnings from continuing operations and weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share: Year Year Ended Ended Fiscal Period Oct 31, 2019 Oct 31, 2018 Numerator: Net Income (Loss) $ 5,225,199 $ 4,988,531 Denominator: Basic weighted average common shares outstanding 10,680,007 10,093,538 Earnings from continuing operations Basic $ 0.49 $ 0.49 t. Reclassification of Prior Year Presentation Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. An adjustment has been made to the Consolidated Statements of Cash Flows for fiscal year ended October 31, 2018, to identify the breakout of the fixed asset additions and disposals. This change in classification does not affect previously reported cash flows from operating activities in the Consolidated Statements of Cash Flows u. Recent Accounting Pronouncements On February 24, 2016, the FASB issued ASU No. 2016-02, Leases, requiring lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases with the exception of short-term leases. For lessees, leases will continue to be classified as either operating or finance leases in the balance sheet. Lessor accounting is similar to the current model but updated to align with certain changes to the lessee model. Lessors will continue to classify leases as operating, direct financing or sales-type leases. The effective date of the new standard for public companies is for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted. The new standard may be adopted using a prospective transition option that will result in the adoption of this standard prospectively at the beginning of the adoption period (i.e. November 1, 2019 for the Company). We do not have any material lease obligations as we own substantially all of our facilities and believe that the effect of adopting this standard will be immaterial. With the exception of the updated standard discussed above, there have been no new accounting pronouncements not yet effective that have significance, or potential significance, to our Consolidated Financial Statements.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	12 Months Ended
Intangible Assets and Goodwill	Oct. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	NOTE 3 - INTANGIBLE ASSETS AND GOODWILL Goodwill and Other Intangible Assets are evaluated on an annual basis. If there is reason to believe that their values have been diminished or impaired, those write-downs will be included in results from operations. The identifiable intangible assets acquired and their carrying value as of October 31, 2019 and 2018, are as follows: Amortization of patents, customer relationships, non-compete agreements and licenses included as a charge to income amounted to $39,689 and $47,190 for the years ended October 31, 2019 and 2018, respectively. Goodwill is not being amortized. October 31, October 31, 2019 2018 Customer relationships (weighted average life of 10 years) $ 720,592 $ 720,592 Non-compete agreements (weighted average life of 3 years) 198,911 198,911 Patents and other (weighted average life of 10 years) 381,785 343,157 Total identifiable intangible assets - gross carrying value 1,301,288 1,262,660 Less: accumulated amortization (1,070,505 ) (1,030,816 ) Total intangible assets, net $ 230,783 $ 231,844 Future estimated annual amortization expenses as of October 31, 2019 as follows: Years Ending October 31, Amount 2020 40,005 2021 35,443 2022 35,423 2023 33,083 2024 22,092 Thereafter 64,737 Totals $ 230,783 As a result of the acquisitions of Coda Octopus Martech, Ltd., Coda Octopus Colmek, Inc. and Coda Octopus Products, Ltd. the Company has goodwill in the amount of $3,382,108 as of October 31, 2019 and 2018, respectively. The carrying amount of goodwill as of October 31, 2019 and 2018, respectively, are recorded below: October 31, October 31, 2019 2018 Breakout of Goodwill: Coda Octopus Colmek, Inc. $ 2,038,669 $ 2,038,669 Coda Octopus Products, Ltd 62,315 62,315 Coda Octopus Martech, Ltd 1,281,124 1,281,124 Total Goodwill $ 3,382,108 $ 3,382,108 Considerable management judgment is necessary to estimate the fair value of goodwill. Based on various market factors and projections used by management, actual results could vary significantly from management’s estimates. Company’s policy is to test its goodwill balances for impairment on an annual basis, in the fourth quarter of each year, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The goodwill assets of the Company arise chiefly from the acquisition of two wholly owned subsidiaries that comprise the Company’s Services Segments – Coda Octopus Colmek and Coda Octopus Martech. The goodwill impairment evaluation was conducted at the end of the financial year 2019 and management’s opinion is that the carrying values are recoverable. Based on these evaluations, the fair value of goodwill exceeds its carrying value. As such no impairment was recorded by management.

Property and Equipment

Property and Equipment	12 Months Ended
Property and Equipment	Oct. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 4 – PROPERTY AND EQUIPMENT Property and equipment consist of the following as of: October 31, 2019 October 31, 2018 Buildings $ 4,654,029 $ 3,856,860 Land 200,000 340,0000 Office machinery and equipment 3,423,062 2,875,444 Furniture, fixtures and improvements 1,158,033 1,109,225 Totals 9,435,124 8,181,529 Less: accumulated depreciation (3,448,312 ) (2,935,346 ) Property and Equipment – Net $ 5,986,812 $ 5,246,183 Depreciation expense for the years ended October 31, 2019 and 2018 was $794,086 and $727,553 respectively.

Other Current Assets

Other Current Assets	12 Months Ended
Other Current Assets	Oct. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	NOTE 5 - OTHER CURRENT ASSETS Other current assets consisted of the following at: October 31, 2019 October 31, 2018 Deposits/other receivables $ 42,932 $ 162,301 Tax receivables 75,004 57,123 Total Other Current Assets $ 117,936 $ 219,424

Capital Stock

Capital Stock	12 Months Ended
Capital Stock	Oct. 31, 2019
Equity [Abstract]
Capital Stock	NOTE 6 – CAPITAL STOCK Common Stock On January 29, 2018, the Company issued 1,125,950 shares to two investors pursuant to the terms of a private placement for a total purchase price of $4,954,180. On February 5, 2018, the Company issued to one of its directors pursuant to the terms of the private placement 75,000 shares for a purchase price of $345,750. On February 12, 2018, the Company issued 2,777 shares to one investor pursuant to their pre-emption rights under the terms of the private placement effected on or around January 29, 2018 for a purchase price of $12,802. On February 22, 2018 and March 6, 2018, the Company issued a total of 12,500 shares to two individuals for services rendered. These were valued at $57,250. On April 19, 2018 the Company issued 63,068 shares of common stock to a former officer pursuant to the terms of a settlement entered into on or around January 14, 2011. These were valued at $277,499. On August 12, 2018, the Company issued 25,000 shares of common stock to consultants for services rendered. These were valued $113,750. On October 31, 2018 the Company issued 200,000 shares of common stock to the holders of the Series C Preferred Stock for a value of $1,000,000 pursuant to the terms of Certificate of Designation for the Series C Preferred Stock issued and outstanding which provided for a conversion price of $5.00 per share. On November 16, 2018, the Company issued 23,965 shares to one investor pursuant to their pre-emption rights under the terms of the private placement effected on or around January 29, 2018 for a purchase price of $105,446. On February 3, 2019, the Company issued a total of 7,143 shares to one of its directors for services rendered. These were valued at $42,289. On June 24, 2019, the Company issued 20,000 shares of common stock to consultants for services rendered. These were valued at $291,800. On September 16, 2019, the Company issued 25,000 shares of common stock pursuant to the terms of the Company’s Stock Incentive Plan 2017 to a director of one of our foreign subsidiaries for services rendered. These were valued at $260,500. On September 16, 2019, the Company issued a total of 5,357 shares of common stock pursuant to the terms of the Company’s Stock Incentive Plan 2017 to one of its employees for services rendered. These were valued at $55,820. Preferred Stock Series A and Series C Preferred Stock The Company is also authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. We have designated 50,000 preferred shares as Series A preferred stock and 50,000 preferred shares as Series C preferred stock. The remaining 4,900,000 shares of preferred stock are not designated. On or around October 31, 2018, the holders of the Series C Preferred Stock referred to in the preceding paragraph, elected to convert all 1,000 units of Series C Preferred Stock into the Company’s Common Stock. As of October 31, 2019, there are no Series A or Series C Preferred Stock issued or outstanding.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Oct. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 - INCOME TAXES The provision for federal and foreign income taxes consisted of the following: October 31, 2019 October 31, 2018 Current income tax expense (benefit) Federal $ (75,004 ) $ 7,840 Foreign 35,582 (139,303 ) Deferred income tax expense (benefit) Federal 1,046,776 (1,754,169 ) Foreign - - Total $ 1,007,354 $ (1,885,632 ) The expense for income taxes differed from the U.S. statutory rate due to the following: October 31, 2019 October 31, 2018 Statutory tax rate 21.0 % 21.0 % Change in deferred taxes (4.2 %) (77.5 %) Alternative Minimum Tax (refund) (1.2 %) 0.3 % Foreign tax (benefit) expense 0.5 % (4.5 %) Total 16.1 % (60.7 %) Deferred tax assets consisted of the following on October 31: 2019 2018 Noncurrent deferred tax assets U.S. NOL carryforwards $ 670,787 $ 1,754,169 Other Foreign deferred tax liabilities (39,103 ) - Total $ 631,684 $ 1,754,169 As of October 31, 2019, we had U.S. federal net operating loss (NOL) carryforwards of $3,368,538, which will expire at various dates as follows: 2028 $ 2,707,158 2029 661,380 Total $ 3,368,538

Loans and Notes Payable

Loans and Notes Payable	12 Months Ended
Loans and Notes Payable	Oct. 31, 2019
Debt Disclosure [Abstract]
Loans and Notes Payable	NOTE 8 - LOANS AND NOTES PAYABLE Loans and notes payable consisted of the following at: October 31, 2019 October 31, 2018 Secured note payable to HSBC NA with interest payable on the 28 th $ 1,059,574 $ 1,524,239 One of the subsidiaries had an unsecured working capital loan from the CEO of the Group. The note was repaid in full in December 2018 and carried an interest rate of 4.5%. - 500,000 Total 1,059,574 2,024,239 Less: current portion (487,140 ) (964,695 ) Total Long Term Loans and Notes Payable $ 572,434 $ 1,059,544 The remaining payments on the HSBC NA loan at October 31, 2019 are as follows: Years Ending October 31, Amount 2020 $ 487,140 2021 509,807 2022 62,627 Totals $ 1,059,574 The HSBC loan is secured by a blanket lien on all of the Company’s US subsidiaries. The foreign subsidiaries are each guarantors of the obligations undertaken in the loan agreement. We have an unused line of credit for up to $455,000 with HSBC UK to use specifically for bank guarantees and performance bonuses. As of October 31, 2019, the balance is $0. Subsequent to the end of the financial year 2019, we secured a new line of credit of $4 million which is unused. See Note 14 (Subsequent Events)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
Accumulated Other Comprehensive Income (Loss)	Oct. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 9 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Other comprehensive income (loss) consists of foreign currency translation adjustments. Total other comprehensive income (loss) was $93,255 and $(190,232) for the years ended October 31, 2019 and 2018, respectively. A reconciliation of the other comprehensive income (loss) in the stockholders’ equity section of the consolidated balance sheets is as follows: October 31, 2019 October 31, 2018 Balance, beginning of year $ (2,228,663 ) $ (2,038,431 ) Total other comprehensive income for the year - foreign currency translation adjustment 93,255 (190,232 ) Balance, end of period $ (2,135,408 ) $ (2,228,663 )

Concentrations

Concentrations	12 Months Ended
Concentrations	Oct. 31, 2019
Risks and Uncertainties [Abstract]
Concentrations	NOTE 10 - CONCENTRATIONS Significant Customers During the year ended October 31, 2019, the Company had one customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $6,764,199, or 27% of net revenues during the period. Total accounts receivable from this customer at October 31, 2019 was $898,584 or 20% of accounts receivable. During the year ended October 31, 2018, the Company had one customer from whom it generated sales greater than 10% of net revenues. Revenues from this customer was $2,882,761, or 16% of net revenues during the year. Total accounts receivable from this customer at October 31, 2018 was $24,993 or 1% of accounts receivable.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Oct. 31, 2019
Retirement Benefits [Abstract]
Employee Benefit Plans	NOTE 11 - EMPLOYEE BENEFIT PLANS The Company’s U.S. subsidiaries maintain a matching 401(k) retirement plan. The plan allows the Company to make matching contributions of 10 cents per dollar of employee contributions, up to a maximum of $1,900. U.S. employees who have at least nine months of service with the Company are eligible. In addition, the Company’s UK subsidiaries operate pension schemes which provide for the payment of the full contribution by the Company. These schemes in the UK operate on a defined contribution money purchase basis and the contributions are charged to operations as they arise. Finally, the Company is obligated to provide pension funding according to Norwegian legislation for its subsidiary located in Norway. The Company has an arrangement that fulfills this requirement. Employee benefit costs for the years ended October 31, 2019 and 2018 were $59,927 and $51,693, respectively.

Segment Analysis

Segment Analysis	12 Months Ended
Segment Analysis	Oct. 31, 2019
Segment Reporting [Abstract]
Segment Analysis	NOTE 12 - SEGMENT ANALYSIS We operate in two reportable segments, which are managed separately based upon fundamental differences in their operations. Coda Octopus Martech and Coda Octopus Colmek (together “Marine Engineering Business” or “Service Segments”) operate as contractors and Coda Octopus Products operations are comprised primarily of product sales, rental of equipment and/or software and associated services (“Marine Technology Business” or “Products Segment”). Segment operating income is total segment revenue reduced by operating expenses identifiable with the business segment. Corporate includes general corporate administrative costs (“Overhead”). The Company evaluates performance and allocates resources based upon segment operating income. The accounting policies of the reportable segments are the same as those described in the summary of accounting policies. There are inter-segment sales which have been eliminated in our financial statements but are disclosed in the tables below for information purposes. The following table summarizes segment asset and operating balances by reportable segment as of and for the year ended October 31, 2019 and 2018, respectively. The Company’s reportable business segments operate in four geographic locations: ● Americas ● Europe ● Australia/Asia ● Middle East/Africa Information concerning principal geographic areas is presented below according to the area where the activity has taken place for the year ended October 31, 2019 and 2018 respectively: Marine Technology Business (Products) Marine Engineering Business (Services) Overhead Total Year Ended October 31, 2019 Revenues from External Customers $ 12,908,110 $ 12,148,824 $ - $ 25,056,934 Cost of Revenues 2,519,768 6,107,847 - 8,627,615 Gross Profit 10,388,342 6,040,977 - 16,429,319 Research & Development 2,208,749 146,061 446,521 2,801,331 Selling, General & Administrative 3,080,134 2,492,410 1,802,007 7,374,551 Total Operating Expenses 5,288,883 2,638,471 2,248,528 10,175,882 Income (Loss) from Operations 5,099,459 3,402,506 (2,248,528 ) 6,253,437 Other Income (Expense) Other Income 70,186 26 - 70,212 Interest (Expense) (10,564 ) (14,820 ) (65,712 ) (91,096 ) Total Other Income (Expense) 59,622 (14,794 ) (65,712 ) (20,884 ) Net Income (Loss) before Income Taxes 5,159,081 3,387,712 (2,314,240 ) 6,232,553 Income Tax Benefit (Expense) Current Tax Benefit (9,391 ) 33,454 15,359 39,422 Deferred Tax (Expense) (336,101 ) (496,318 ) (214,357 ) (1,046,773 ) Total Income Tax (Expense) (345,492 ) (462,864 ) (198,998 ) (1,007,354 ) Net Income (Loss) $ 4,813,589 $ 2,924,848 $ (2,513,238 ) $ 5,225,199 Supplemental Disclosures Total Assets $ 19,206,401 $ 14,165,120 $ 959,472 $ 34,330,993 Total Liabilities $ 1,573,572 $ 962,641 $ 1,167,007 $ 3,703,220 Revenues from Intercompany Sales - eliminated from sales above $ 1,590,548 $ 145,150 $ 2,700,000 $ 4,435,698 Depreciation and Amortization $ 581,942 $ 236,092 $ 15,741 $ 833,775 Purchases of Long-lived Assets $ 2,183,009 $ 81,446 $ 37,180 $ 2,301,635 Marine Technology Business (Products) Marine Engineering Business (Services) Overhead Total Year Ended October 31, 2018 Revenues from External Customers $ 11,449,416 $ 6,570,013 $ - $ 18,019,429 Cost of Revenues 1,894,808 3,462,259 - 5,357,067 Gross Profit 9,554,608 3,107,754 - 12,662,362 Research & Development 2,048,285 523,429 - 2,571,714 Selling, General & Administrative 2,882,049 2,366,226 1,531,606 6,779,881 Total Operating Expenses 4,930,334 2,889,655 1,531,606 9,351,595 Income (Loss) from Operations 4,624,274 218,099 (1,531,606 ) 3,310,767 Other Income (Expense) Other Income 39,122 2,100 - 41,222 Interest Expense (12,154 ) (59,599 ) (177,337 ) (249,090 ) Total Other Income (Expense) 26,968 (57,499 ) (177,337 ) (207,868 ) Net Income (Loss) before Income Taxes 4,651,242 160,600 (1,708,943 ) 3,102,899 Current Tax Benefit (Expense) 133,419 - (1,956 ) 131,463 Deferred Tax Benefit - - 1,754,169 1,754,169 Income Tax Benefit 133,419 - 1,752,213 1,885,632 Net Income $ 4,784,661 $ 160,600 $ 43,270 $ 4,988,531 Supplemental Disclosures Total Assets $ 15,061,693 $ 11,674,640 $ 2,000,278 $ 28,736,611 Total Liabilities $ 1,142,661 $ 1,498,828 $ 1,708,172 $ 4,349,661 Revenues from Intercompany Sales - eliminated from sales above $ 1,176,438 $ 437,387 $ 3,100,000 $ 4,713,825 Depreciation and Amortization $ 448,620 $ 311,980 $ 14,143 $ 774,743 Purchases of Long-lived Assets $ 487,159 $ 76,041 $ 76,561 $ 639,761 For the Year Ended October 31, 2019 Marine Marine Technology Engineering Grand Business Business Total Disaggregation of Total Net Sales Americas Equipment Sales $ 744,604 $ 57,497 $ 802,101 Equipment Rentals 639,055 - 639,055 Software Sales 53,540 - 53,540 Engineering Parts - 9,117,338 9,117,338 Services 1,187,873 1,744,577 2,932,450 Europe Equipment Sales 1,626,052 145,933 1,771,985 Equipment Rentals 1,137,244 - 1,137,244 Software Sales 167,903 - 167,903 Engineering Parts - 1,023,822 1,023,822 Services 726,050 59,657 785,707 Australia/Asia Equipment Sales 4,259,093 - 4,259,093 Equipment Rentals 876,141 - 876,141 Software Sales 324,222 - 324,222 Services 627,615 - 627,615 Middle East & Africa Equipment Sales 301,165 - 301,165 Equipment Rentals 36,130 - 36,130 Software Sales 58,826 - 58,826 Services 142,597 - 142,597 Total Net Sales $ 12,908,110 $ 12,148,824 $ 25,056,934 For the Year Ended October 31, 2019 Marine Marine Technology Engineering Grand Business Business Total Total Net Sales by Geographic Area Americas $ 2,625,072 $ 10,919,412 $ 13,544,484 Europe 3,657,249 1,229,412 4,886,661 Australia/Asia 6,087,071 - 6,087,071 Middle East & Africa 538,718 - 538,718 Total Net Sales $ 12,908,110 $ 12,148,824 $ 25,056,934 For the Year Ended October 31, 2019 Marine Marine Technology Engineering Grand Business Business Total Total Net Sales by Product Line Equipment Sales $ 6,930,914 $ 203,430 $ 7,134,344 Equipment Rentals 2,688,570 - 2,688,570 Software Sales 604,491 - 604,491 Engineering Parts - 10,141,160 10,141,160 Services 2,684,135 1,804,234 4,488,369 Total Net Sales $ 12,908,110 $ 12,148,824 $ 25,056,934 For the Year Ended October 31, 2018 Marine Marine Technology Engineering Grand Business Business Total Disaggregation of Total Net Sales Americas Equipment Sales $ 719,973 $ - $ 719,973 Equipment Rentals 681,757 - 681,757 Software Sales 52,145 - 52,145 Engineering Parts - 4,468,170 4,468,170 Services 1,025,608 441,842 1,467,450 Europe Equipment Sales 1,640,546 211,366 1,851,912 Equipment Rentals 1,526,302 - 1,526,302 Software Sales 249,779 - 249,779 Engineering Parts - 1,448,635 1,448,635 Services 836,578 - 836,578 Australia/Asia Equipment Sales 2,580,263 - 2,580,263 Equipment Rentals 117,389 - 117,389 Software Sales 568,407 - 568,407 Services 238,234 - 238,234 Middle East & Africa Equipment Sales 1,017,527 - 1,017,527 Equipment Rentals 41,067 - 41,067 Software Sales 85,419 - 85,419 Services 68,422 - 68,422 Total Net Sales $ 11,449,416 $ 6,570,013 $ 18,019,429 For the Year Ended October 31, 2018 Marine Marine Technology Engineering Grand Business Business Total Total Net Sales by Geographic Area Americas $ 2,479,483 $ 4,910,012 $ 7,389,495 Europe 4,253,205 1,660,001 5,913,206 Australia/Asia 3,504,293 - 3,504,293 Middle East & Africa 1,212,435 - 1,212,435 Total Net Sales $ 11,449,416 $ 6,570,013 $ 18,019,429 For the Year Ended October 31, 2018 Marine Marine Technology Engineering Grand Business Business Total Total Net Sales by Product Line Equipment Sales $ 5,958,309 $ 211,366 $ 6,169,675 Equipment Rentals 2,366,515 - 2,366,515 Software Sales 955,750 - 955,750 Engineering Parts - 5,916,805 5,916,805 Services 2,168,842 441,842 2,610,684 Total Net Sales $ 11,449,416 $ 6,570,013 $ 18,019,429

Commitments

Commitments	12 Months Ended
Commitments	Oct. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	NOTE 13 – COMMITMENTS Employment Agreements Annmarie Gayle Pursuant to the terms of an employment agreement dated March 16, 2017, the Company employs Ms. Gayle as its Chief Executive Officer on a full-time basis and a member of its Board of Directors. Effective July 1, 2019, Ms. Gayle’s annual salary was revised from $230,000 to $305,000 payable on a monthly basis. Ms. Gayle is also entitled to an annual performance bonus of up to $100,000, upon achieving certain targets that are to be defined on an annual basis. The agreement provides for 30 days of paid holidays in addition to public holidays observed in Scotland. The agreement has no definitive term and may be terminated only upon twelve months’ prior written notice by Ms. Gayle. In the event that the Company terminates her at any time without cause, she is entitled to a payment equal to her annual salary as well as a separation bonus of $150,000. The Company may terminate the agreement for cause, immediately and without notice. Among others, “for cause” includes gross misconduct, a serious or repeated breach of the agreement and negligence and incompetence as reasonably determined by the Company’s Board. The agreement includes a 12-month non-compete and non-solicitation provision. Blair Cunningham Under the terms of an employment contract dated January 1, 2013, our wholly owned subsidiary Coda Octopus Products, Inc. employs Blair Cunningham as its Chief Executive Officer and President of Technology. He is being paid an annual base salary of $200,000 with effect from January 1, 2020, subject to review by the Company’s Chief Executive Officer. Mr. Cunningham is entitled to 25 vacation days in addition to any public holiday. The agreement may be terminated only upon twelve-month prior written notice without cause. The Company may terminate the agreement for cause, immediately and without notice. Among others, “for cause” includes gross misconduct, a serious or repeated breach of the agreement and negligence and incompetence as reasonably determined by the Company’s Board. The agreement includes a 18-month non-compete and non-solicitation provision. Michael Midgley Pursuant to the terms of an employment agreement dated June 1, 2011, Mike Midgley was appointed the Chief Executive Officer of our wholly owned subsidiary Coda Octopus Colmek, Inc. and our Chief Financial Officer. He is being paid an annual salary of $210,000 with effect from January 1, 2020, subject to an annual review by Colmek’s Board of Directors and the Company’s Chief Executive Officer. Mr. Midgley is entitled to 20 vacation days in addition to any public holiday. The agreement may be terminated at any time upon 4-month prior written notice. The Company may terminate the agreement for cause, immediately and without notice. Among others, “for cause” includes gross misconduct, a serious or repeated breach of the agreement and negligence and incompetence as reasonably determined by the Company’s Board. The agreement includes a 12-month non-compete and non-solicitation provision. On December 6, 2017, the board of directors of the Company appointed Mr. Midgley to be the Company’s Chief Financial Officer. In connection with this appointment, all rights and obligations under Mr. Midgley’s employment agreement with Colmek were transferred to and have been assumed by the Company.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Oct. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 14 - SUBSEQUENT EVENTS On or around November 26, 2019, the Company entered into a Revolving Line of Credit Facility with HSBC NA its existing bankers. This Credit Line is for $4 million and if used interest is payable with the interest rate based on the Wall Street Journal US Prime Rate and is secured against all our business undertaking in the US and our foreign subsidiaries are each guarantors of the obligations undertaken under the Credit Agreement.

Related Party Transaction

Related Party Transaction	12 Months Ended
Related Party Transaction	Oct. 31, 2019
Related Party Transactions [Abstract]
Related Party Transaction	NOTE 15 – RELATED PARTY TRANSACTION During the year the company sold our Orlando property to Blair Cunningham an Officer for $705,000 cash. It was determined that this was a fair value for the property based on review of comparable sales. The funds were used to purchase the current office space in Orlando.

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	12 Months Ended
Summary of Accounting Policies (Policies)	Oct. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	a. Basis of Presentation The Company has adopted the Financial Accounting Standards Board (FASB) Accounting Standards Codification (Codification). The Codification is the single official source of authoritative accounting principles generally accepted in the United States of America (U.S. GAAP) recognized by the FASB to be applied by nongovernmental entities, and all of the Codification’s content carries the same level of authority.
Cash	b. Cash The Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. At times such investments may be in excess of federal deposit insurance limits.
Trade Accounts Receivable	c. Trade Accounts Receivable Trade accounts receivable are recorded net of the allowance for doubtful accounts. The Company provides for an allowance for doubtful collections that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Balances still outstanding after the Company has used reasonable collection efforts are written off though a charge to the valuation allowance and a credit to trade accounts receivable. The allowance for doubtful accounts was $47,807 and $47,807 as of October 31, 2019 and 2018 respectively.
Property and Equipment	d. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Expenditures for minor replacements, maintenance and repairs which do not increase the useful lives of the property and equipment are charged to operations as incurred. Major additions and improvements are capitalized. Depreciation and amortization are computed using the straight-line method over their estimated useful lives which is typically three to five years for equipment and 30 years for buildings.
Advertising	e. Advertising The Company follows the policy of charging the costs of advertising to expense as incurred, which aggregated $18,271 and $5,017 for the years ended October, 31 2019 and 2018 respectively.
Inventory	f. Inventory Inventory is stated at the lower of cost (weighted average method) or net realizable value. Inventory consisted of the following components: October 31, 2019 October 31, 2018 Raw materials and parts $ 4,379,260 $ 2,887,505 Work in progress 517,354 472,204 Finished goods 453,900 463,534 Total Inventory $ 5,350,514 $ 3,823,243
Estimates	g. Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues including unbilled and deferred revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates related to the percentage of completion method used to account for contracts including costs and earnings in excess of billings, billings in excess of costs and estimated earnings and the valuation of goodwill.
Revenue Recognition	h. Revenue Recognition Beginning on November 1, 2018, the Company adopted the Financial Accounting Standards Board’s Topic 606, Revenue from Contracts with Customers Revenue Recognition. Topic 606 has established a five-step process to determine the amount of revenue to record from contracts with customers. The five steps are: ● Determine if we have a contract with a customer; ● Determine the performance obligations in that contract; ● Determine the transaction price; ● Allocate the transaction price to the performance obligations; and ● Determine when to recognize revenue. All of our revenues are earned under formal contracts with our customers and are derived from both sales and rental of underwater technologies and equipment for imaging, mapping, defense and survey applications and from the engineering services that we provide. Our contracts do not include the possibility for additional contingent consideration so that our determination of the contract price does not involve having to consider potential variable consideration. Our product sales do not include a right of return by the customer. With regard to our Marine Technology Business (Products Segment), all of our products are sold on a stand-alone basis and those market prices are evidence of the value of the products. To the extent that we also provide services (e.g., installation, training, etc.), those services are either included as part of the product or are subject to written contracts based on the stand-alone value of those services. Revenue from the sale of services is recognized when those services have been provided to the customer and evidence of the provision of those services exist. Revenue derived from rental of our equipment is recognized when performance obligations are met, in particular, on a daily basis during the rental period. For arrangements with multiple performance obligations, we recognize product revenue by allocating the transaction revenue to each performance obligation based on the relative fair value of each deliverable and recognize revenue when performance obligations are met including when equipment is delivered, and for rental of equipment, when installation and other services are performed. Our contracts sometimes require customer payments in advance of revenue recognition and are recognized as revenue when the Company has fulfilled its obligations under the respective contracts. Until such time, we recognize this prepayment as deferred revenue. For software license sales for which any services rendered are not considered essential to the functionality of the software, we recognize revenue upon delivery of the software. With respect to revenues related to our Marine Engineering Business (Services Segment) that are generated, there are contracts in place that specify the fixed hourly rate and other reimbursable costs to be billed based on material and direct labor hours incurred. Revenue is recognized on these contracts based on material and direct labor hours incurred. Revenues from fixed-price contracts are recognized on the percentage of completion method, measured by the percentage of costs incurred (materials and direct labor hours) to date to estimated total services (materials and direct labor hours) for each contract. This method is used as we consider expenditures for direct materials and labor hours to be the best available measure of progress on these contracts. Quarterly, we examine all of our fixed-price contracts to determine if there are any losses to be recognized during the period. Any such loss is recorded in the quarter in which the loss first becomes apparent based upon costs incurred to date and the estimated costs to complete as determined by experience from similar contracts. Variations from estimated contract performance could result in adjustments to operating results. Recoverability of Deferred Costs In accordance with Topic 606, we defer costs on projects for service revenue. Deferred costs consist primarily of direct and incremental costs to customize and install systems, as defined in individual customer contracts, including costs to acquire hardware and software from third parties and payroll costs for our employees and other third parties. The pricing of these service contracts is intended to provide for the recovery of these types of deferred costs over the life of the contract. We recognize such costs in accordance with our revenue recognition policy by contract. For revenue recognized under the percentage of completion method, costs are recognized as products are delivered or services are provided in accordance with the percentage of completion calculation. For revenue recognized ratably over the term of the contract, costs are recognized ratably over the term of the contract, commencing on the date of revenue recognition. At each quarterly balance sheet date, we review deferred costs, to ensure they are ultimately recoverable. Any anticipated losses on uncompleted contracts are recognized when evidence indicates the estimated total cost of a contract exceeds its estimated total revenue. Other Revenue Disclosures See Note 12 – Segment Analysis for a breakdown of revenues from external customers and cost of those revenues between our Product Segment and Services Segment including information on the split of revenues by geography.
Concentrations of Risk	i. Concentrations of Risk Credit losses, if any, have been provided for in the consolidated financial statements and are based on management’s expectations. The Company’s accounts receivables are subject to potential concentrations of credit risk, since a significant part of the Company’s sales are to a small number of companies (particularly on the Services Segment side) and, even though these are generally established businesses, unforeseen events may affect our customers’ ability to meet their obligations to us. Furthermore, trade disputes may result in impairment or delays in receivables. The Company’s bank deposits are held with financial institutions both in and out of the USA. At times, such amounts may be in excess of applicable government mandated insurance limits. The Company has not experienced any losses in such accounts or lack of access to its cash, and believes it is not exposed to significant risk of loss with respect to cash.
Contracts in Progress (Unbilled Receivables and Deferred Revenue)	j. Contracts in Progress (Unbilled Receivables and Deferred Revenue) Costs and estimated earnings in excess of billings on uncompleted contracts represent accumulated project expenses and fees which have not been invoiced to customers as of the date of the balance sheet. These amounts are stated on the consolidated balance sheets as Unbilled Receivables of $2,279,362 and $3,013,116 as of October 31, 2019 and 2018, respectively. Our Deferred Revenue of $973,735 and $651,820 as of October 31, 2019 and 2018, respectively, consists of billings in excess of costs and revenues received as part of our warranty obligations upon completing a sale – elaborated further in the last paragraph of this note. Revenue received as part of sales of equipment includes a provision for warranty and is treated as deferred revenue, along with extended warranty sales which may be purchased by customers. These amounts are amortized over the relevant warranty period (12 is our standard warranty or 24, 36 or 60 months for extended warranty) from the date of sale. These amounts are stated on the consolidated balance sheets as a component of Deferred Revenue and were $497,819 and $335,646 as of October 31, 2019 and 2018, respectively.
Income Taxes	k. Income Taxes The Company accounts for income taxes in accordance with Accounting Standards Codification 740, Income Taxes Deferred tax assets and liabilities are the amounts by which the Company’s future income taxes are expected to be impacted by these differences as they reverse. Deferred tax assets are based on differences that are expected to decrease future income taxes as they reverse. Correspondingly, deferred tax liabilities are based on differences that are expected to increase future income taxes as they reverse. Note 7 below discusses the amounts of deferred tax assets and liabilities, and also presents the impact of significant differences between financial reporting income and taxable income. For income tax purposes, the Company uses the percentage of completion method of recognizing revenues on long-term contracts which is consistent with the Company’s financial reporting under U.S. GAAP.
Intangible Assets	l. Intangible Assets Intangible assets consist principally of the excess of cost over the fair value of net assets acquired (or goodwill), customer relationships, non-compete agreements and licenses. Goodwill was allocated to our reporting units based on the original purchase price allocation. Goodwill is not amortized and is evaluated for impairment annually or more often if circumstances indicate impairment may exist. Customer relationships, non-compete agreements, patents and licenses are being amortized on a straight-line basis over periods of 2 to 15 years. The Company amortizes its limited life intangible assets using the straight-line method over their estimated period of benefit. We periodically evaluate the recoverability of intangible assets and take into account events or circumstances that warrant revised estimates of useful lives or that indicate that impairment exists. The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value, which is based on future cash flows, exceeds the carrying amount, goodwill is not considered impaired. If the carrying amount exceeds the fair value, the second step must be performed to measure the amount of the impairment loss, if any. If the Company experiences an impairment of its goodwill, the Company will adopt Accounting Standards Codification 2017 – 04, Simplifying the Test for Goodwill Impairment, which permits the Company to impair the difference between carrying amount in excess of the fair value of the reporting unit as the reduction in goodwill. ASC 2017-04 eliminates the requirement in previous GAAP to perform Step 2 of the goodwill impairment test. At the end of each year, we evaluate goodwill on a separate reporting unit basis to assess recoverability, and impairments, if any, are recognized in earnings. An impairment loss would be recognized in an amount equal to the excess of the carrying amount of the goodwill over the fair value of the reporting unit. There were no impairment charges recognized during the years ended October 31, 2019 and 2018.
Fair Value of Financial Instruments	m. Fair Value of Financial Instruments The Company’s financial instruments include cash, accounts receivable, accounts payable, accrued expenses and notes payable. The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses approximate fair values because of the short-term nature of these instruments. The aggregate carrying amount of the notes payable approximates fair value as they bear interest at a market interest rate based on their term and maturity. The fair value of the Company’s long-term debt approximates its carrying amount based on the fact that the Company believes it could obtain similar terms and conditions for similar debt.
Foreign Currency Translation	n. Foreign Currency Translation Assets and liabilities are translated at the prevailing exchange rates at the balance sheet dates. Related revenues and expenses are translated at weighted average exchange rates in effect during the period. Stockholders’ equity, fixed assets and long-term investments are recorded at historical exchange rates. Resulting translation adjustments are recorded as a separate component in stockholders’ equity as part of accumulated other comprehensive income or (loss) as may be appropriate. Foreign currency transaction gains and losses are included in the consolidated statements of income and comprehensive income.
Long-Lived Assets	o. Long-Lived Assets Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if its carrying amount exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposal of the asset. Long-lived assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. No impairment loss was recognized during the years ended October 31, 2019 and 2018, respectively.
Research and Development	p. Research and Development Research and development costs consist of expenditures for the development of present and future patents and technology, which are not capitalizable. Under current legislation, we are eligible for UK tax credits related to our qualified research and development expenditures. Tax credits are classified as a reduction of research and development expense. During the years ended October 31, 2019 and 2018, we had $0 and $140,015 of such credits, respectively.
Stock Based Compensation	q. Stock Based Compensation We recognize the expense related to the fair value of stock based compensation awards within the consolidated statements of income and comprehensive income.
Comprehensive Income	r. Comprehensive Income Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Comprehensive income includes gains and losses on foreign currency translation adjustments and is included as a component of stockholders’ equity.
Earnings Per Share	s. Earnings per Share We compute basic earnings per share by dividing the income attributable to common shareholders by the weighted average number of common shares outstanding in the reporting period. We did not have any dilutive shares in the 2019 or 2018 fiscal years. Following is a reconciliation of earnings from continuing operations and weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share: Year Year Ended Ended Fiscal Period Oct 31, 2019 Oct 31, 2018 Numerator: Net Income (Loss) $ 5,225,199 $ 4,988,531 Denominator: Basic weighted average common shares outstanding 10,680,007 10,093,538 Earnings from continuing operations Basic $ 0.49 $ 0.49
Reclassification of Prior Year Presentation	t. Reclassification of Prior Year Presentation Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. An adjustment has been made to the Consolidated Statements of Cash Flows for fiscal year ended October 31, 2018, to identify the breakout of the fixed asset additions and disposals. This change in classification does not affect previously reported cash flows from operating activities in the Consolidated Statements of Cash Flows
Recent Accounting Pronouncements	u. Recent Accounting Pronouncements On February 24, 2016, the FASB issued ASU No. 2016-02, Leases, requiring lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases with the exception of short-term leases. For lessees, leases will continue to be classified as either operating or finance leases in the balance sheet. Lessor accounting is similar to the current model but updated to align with certain changes to the lessee model. Lessors will continue to classify leases as operating, direct financing or sales-type leases. The effective date of the new standard for public companies is for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted. The new standard may be adopted using a prospective transition option that will result in the adoption of this standard prospectively at the beginning of the adoption period (i.e. November 1, 2019 for the Company). We do not have any material lease obligations as we own substantially all of our facilities and believe that the effect of adopting this standard will be immaterial. With the exception of the updated standard discussed above, there have been no new accounting pronouncements not yet effective that have significance, or potential significance, to our Consolidated Financial Statements.

Summary of Accounting Policie_2

Summary of Accounting Policies (Tables)	12 Months Ended
Summary of Accounting Policies (Tables)	Oct. 31, 2019
Accounting Policies [Abstract]
Schedule of Components of Inventory	Inventory is stated at the lower of cost (weighted average method) or net realizable value. Inventory consisted of the following components: October 31, 2019 October 31, 2018 Raw materials and parts $ 4,379,260 $ 2,887,505 Work in progress 517,354 472,204 Finished goods 453,900 463,534 Total Inventory $ 5,350,514 $ 3,823,243
Schedule of Earnings Per Share Basic and Diluted	Following is a reconciliation of earnings from continuing operations and weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share: Year Year Ended Ended Fiscal Period Oct 31, 2019 Oct 31, 2018 Numerator: Net Income (Loss) $ 5,225,199 $ 4,988,531 Denominator: Basic weighted average common shares outstanding 10,680,007 10,093,538 Earnings from continuing operations Basic $ 0.49 $ 0.49

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	12 Months Ended
Intangible Assets and Goodwill (Tables)	Oct. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Value of Identifiable Intangible Assets	Amortization of patents, customer relationships, non-compete agreements and licenses included as a charge to income amounted to $39,689 and $47,190 for the years ended October 31, 2019 and 2018, respectively. Goodwill is not being amortized. October 31, October 31, 2019 2018 Customer relationships (weighted average life of 10 years) $ 720,592 $ 720,592 Non-compete agreements (weighted average life of 3 years) 198,911 198,911 Patents and other (weighted average life of 10 years) 381,785 343,157 Total identifiable intangible assets - gross carrying value 1,301,288 1,262,660 Less: accumulated amortization (1,070,505 ) (1,030,816 ) Total intangible assets, net $ 230,783 $ 231,844
Schedule of Estimated Future Amortization Expenses	Future estimated annual amortization expenses as of October 31, 2019 as follows: Years Ending October 31, Amount 2020 40,005 2021 35,443 2022 35,423 2023 33,083 2024 22,092 Thereafter 64,737 Totals $ 230,783
Schedule of Goodwill	The carrying amount of goodwill as of October 31, 2019 and 2018, respectively, are recorded below: October 31, October 31, 2019 2018 Breakout of Goodwill: Coda Octopus Colmek, Inc. $ 2,038,669 $ 2,038,669 Coda Octopus Products, Ltd 62,315 62,315 Coda Octopus Martech, Ltd 1,281,124 1,281,124 Total Goodwill $ 3,382,108 $ 3,382,108

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
Property and Equipment (Tables)	Oct. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consist of the following as of: October 31, 2019 October 31, 2018 Buildings $ 4,654,029 $ 3,856,860 Land 200,000 340,0000 Office machinery and equipment 3,423,062 2,875,444 Furniture, fixtures and improvements 1,158,033 1,109,225 Totals 9,435,124 8,181,529 Less: accumulated depreciation (3,448,312 ) (2,935,346 ) Property and Equipment – Net $ 5,986,812 $ 5,246,183

Other Current Assets (Tables)

Other Current Assets (Tables)	12 Months Ended
Other Current Assets (Tables)	Oct. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Other Current Assets	NOTE 5 - OTHER CURRENT ASSETS Other current assets consisted of the following at: October 31, 2019 October 31, 2018 Deposits/other receivables $ 42,932 $ 162,301 Tax receivables 75,004 57,123 Total Other Current Assets $ 117,936 $ 219,424

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Oct. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Federal and Foreign Income Taxes	The provision for federal and foreign income taxes consisted of the following: October 31, 2019 October 31, 2018 Current income tax expense (benefit) Federal $ (75,004 ) $ 7,840 Foreign 35,582 (139,303 ) Deferred income tax expense (benefit) Federal 1,046,776 (1,754,169 ) Foreign - - Total $ 1,007,354 $ (1,885,632 )
Schedule of Reconciliation of Income Tax Benefit	The expense for income taxes differed from the U.S. statutory rate due to the following: October 31, 2019 October 31, 2018 Statutory tax rate 21.0 % 21.0 % Change in deferred taxes (4.2 %) (77.5 %) Alternative Minimum Tax (refund) (1.2 %) 0.3 % Foreign tax (benefit) expense 0.5 % (4.5 %) Total 16.1 % (60.7 %)
Schedule of Components of Deferred Tax Assets	Deferred tax assets consisted of the following on October 31: 2019 2018 Noncurrent deferred tax assets U.S. NOL carryforwards $ 670,787 $ 1,754,169 Other Foreign deferred tax liabilities (39,103 ) - Total $ 631,684 $ 1,754,169
Schedule of Net Operating Loss Carryforwards	As of October 31, 2019, we had U.S. federal net operating loss (NOL) carryforwards of $3,368,538, which will expire at various dates as follows: 2028 $ 2,707,158 2029 661,380 Total $ 3,368,538

Loans and Notes Payable (Tables

Loans and Notes Payable (Tables)	12 Months Ended
Loans and Notes Payable (Tables)	Oct. 31, 2019
Debt Disclosure [Abstract]
Schedule of Loans and Notes Payable	Loans and notes payable consisted of the following at: October 31, 2019 October 31, 2018 Secured note payable to HSBC NA with interest payable on the 28 th $ 1,059,574 $ 1,524,239 One of the subsidiaries had an unsecured working capital loan from the CEO of the Group. The note was repaid in full in December 2018 and carried an interest rate of 4.5%. - 500,000 Total 1,059,574 2,024,239 Less: current portion (487,140 ) (964,695 ) Total Long Term Loans and Notes Payable $ 572,434 $ 1,059,544
Schedule of Principal Maturities of Notes and Loans Payable	The remaining payments on the HSBC NA loan at October 31, 2019 are as follows: Years Ending October 31, Amount 2020 $ 487,140 2021 509,807 2022 62,627 Totals $ 1,059,574

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Oct. 31, 2019
Equity [Abstract]
Schedule of Other Comprehensive Income (Loss)	A reconciliation of the other comprehensive income (loss) in the stockholders’ equity section of the consolidated balance sheets is as follows: October 31, 2019 October 31, 2018 Balance, beginning of year $ (2,228,663 ) $ (2,038,431 ) Total other comprehensive income for the year - foreign currency translation adjustment 93,255 (190,232 ) Balance, end of period $ (2,135,408 ) $ (2,228,663 )

Segment Analysis (Tables)

Segment Analysis (Tables)	12 Months Ended
Segment Analysis (Tables)	Oct. 31, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Information concerning principal geographic areas is presented below according to the area where the activity has taken place for the year ended October 31, 2019 and 2018 respectively: Marine Technology Business (Products) Marine Engineering Business (Services) Overhead Total Year Ended October 31, 2019 Revenues from External Customers $ 12,908,110 $ 12,148,824 $ - $ 25,056,934 Cost of Revenues 2,519,768 6,107,847 - 8,627,615 Gross Profit 10,388,342 6,040,977 - 16,429,319 Research & Development 2,208,749 146,061 446,521 2,801,331 Selling, General & Administrative 3,080,134 2,492,410 1,802,007 7,374,551 Total Operating Expenses 5,288,883 2,638,471 2,248,528 10,175,882 Income (Loss) from Operations 5,099,459 3,402,506 (2,248,528 ) 6,253,437 Other Income (Expense) Other Income 70,186 26 - 70,212 Interest (Expense) (10,564 ) (14,820 ) (65,712 ) (91,096 ) Total Other Income (Expense) 59,622 (14,794 ) (65,712 ) (20,884 ) Net Income (Loss) before Income Taxes 5,159,081 3,387,712 (2,314,240 ) 6,232,553 Income Tax Benefit (Expense) Current Tax Benefit (9,391 ) 33,454 15,359 39,422 Deferred Tax (Expense) (336,101 ) (496,318 ) (214,357 ) (1,046,773 ) Total Income Tax (Expense) (345,492 ) (462,864 ) (198,998 ) (1,007,354 ) Net Income (Loss) $ 4,813,589 $ 2,924,848 $ (2,513,238 ) $ 5,225,199 Supplemental Disclosures Total Assets $ 19,206,401 $ 14,165,120 $ 959,472 $ 34,330,993 Total Liabilities $ 1,573,572 $ 962,641 $ 1,167,007 $ 3,703,220 Revenues from Intercompany Sales - eliminated from sales above $ 1,590,548 $ 145,150 $ 2,700,000 $ 4,435,698 Depreciation and Amortization $ 581,942 $ 236,092 $ 15,741 $ 833,775 Purchases of Long-lived Assets $ 2,183,009 $ 81,446 $ 37,180 $ 2,301,635 Marine Technology Business (Products) Marine Engineering Business (Services) Overhead Total Year Ended October 31, 2018 Revenues from External Customers $ 11,449,416 $ 6,570,013 $ - $ 18,019,429 Cost of Revenues 1,894,808 3,462,259 - 5,357,067 Gross Profit 9,554,608 3,107,754 - 12,662,362 Research & Development 2,048,285 523,429 - 2,571,714 Selling, General & Administrative 2,882,049 2,366,226 1,531,606 6,779,881 Total Operating Expenses 4,930,334 2,889,655 1,531,606 9,351,595 Income (Loss) from Operations 4,624,274 218,099 (1,531,606 ) 3,310,767 Other Income (Expense) Other Income 39,122 2,100 - 41,222 Interest Expense (12,154 ) (59,599 ) (177,337 ) (249,090 ) Total Other Income (Expense) 26,968 (57,499 ) (177,337 ) (207,868 ) Net Income (Loss) before Income Taxes 4,651,242 160,600 (1,708,943 ) 3,102,899 Current Tax Benefit (Expense) 133,419 - (1,956 ) 131,463 Deferred Tax Benefit - - 1,754,169 1,754,169 Income Tax Benefit 133,419 - 1,752,213 1,885,632 Net Income $ 4,784,661 $ 160,600 $ 43,270 $ 4,988,531 Supplemental Disclosures Total Assets $ 15,061,693 $ 11,674,640 $ 2,000,278 $ 28,736,611 Total Liabilities $ 1,142,661 $ 1,498,828 $ 1,708,172 $ 4,349,661 Revenues from Intercompany Sales - eliminated from sales above $ 1,176,438 $ 437,387 $ 3,100,000 $ 4,713,825 Depreciation and Amortization $ 448,620 $ 311,980 $ 14,143 $ 774,743 Purchases of Long-lived Assets $ 487,159 $ 76,041 $ 76,561 $ 639,761
Schedule of Disaggregate of Revenue from Contracts for Sale with Customers by Geographic Location	For the Year Ended October 31, 2019 Marine Marine Technology Engineering Grand Business Business Total Disaggregation of Total Net Sales Americas Equipment Sales $ 744,604 $ 57,497 $ 802,101 Equipment Rentals 639,055 - 639,055 Software Sales 53,540 - 53,540 Engineering Parts - 9,117,338 9,117,338 Services 1,187,873 1,744,577 2,932,450 Europe Equipment Sales 1,626,052 145,933 1,771,985 Equipment Rentals 1,137,244 - 1,137,244 Software Sales 167,903 - 167,903 Engineering Parts - 1,023,822 1,023,822 Services 726,050 59,657 785,707 Australia/Asia Equipment Sales 4,259,093 - 4,259,093 Equipment Rentals 876,141 - 876,141 Software Sales 324,222 - 324,222 Services 627,615 - 627,615 Middle East & Africa Equipment Sales 301,165 - 301,165 Equipment Rentals 36,130 - 36,130 Software Sales 58,826 - 58,826 Services 142,597 - 142,597 Total Net Sales $ 12,908,110 $ 12,148,824 $ 25,056,934 For the Year Ended October 31, 2019 Marine Marine Technology Engineering Grand Business Business Total Total Net Sales by Geographic Area Americas $ 2,625,072 $ 10,919,412 $ 13,544,484 Europe 3,657,249 1,229,412 4,886,661 Australia/Asia 6,087,071 - 6,087,071 Middle East & Africa 538,718 - 538,718 Total Net Sales $ 12,908,110 $ 12,148,824 $ 25,056,934 For the Year Ended October 31, 2019 Marine Marine Technology Engineering Grand Business Business Total Total Net Sales by Product Line Equipment Sales $ 6,930,914 $ 203,430 $ 7,134,344 Equipment Rentals 2,688,570 - 2,688,570 Software Sales 604,491 - 604,491 Engineering Parts - 10,141,160 10,141,160 Services 2,684,135 1,804,234 4,488,369 Total Net Sales $ 12,908,110 $ 12,148,824 $ 25,056,934 For the Year Ended October 31, 2018 Marine Marine Technology Engineering Grand Business Business Total Disaggregation of Total Net Sales Americas Equipment Sales $ 719,973 $ - $ 719,973 Equipment Rentals 681,757 - 681,757 Software Sales 52,145 - 52,145 Engineering Parts - 4,468,170 4,468,170 Services 1,025,608 441,842 1,467,450 Europe Equipment Sales 1,640,546 211,366 1,851,912 Equipment Rentals 1,526,302 - 1,526,302 Software Sales 249,779 - 249,779 Engineering Parts - 1,448,635 1,448,635 Services 836,578 - 836,578 Australia/Asia Equipment Sales 2,580,263 - 2,580,263 Equipment Rentals 117,389 - 117,389 Software Sales 568,407 - 568,407 Services 238,234 - 238,234 Middle East & Africa Equipment Sales 1,017,527 - 1,017,527 Equipment Rentals 41,067 - 41,067 Software Sales 85,419 - 85,419 Services 68,422 - 68,422 Total Net Sales $ 11,449,416 $ 6,570,013 $ 18,019,429 For the Year Ended October 31, 2018 Marine Marine Technology Engineering Grand Business Business Total Total Net Sales by Geographic Area Americas $ 2,479,483 $ 4,910,012 $ 7,389,495 Europe 4,253,205 1,660,001 5,913,206 Australia/Asia 3,504,293 - 3,504,293 Middle East & Africa 1,212,435 - 1,212,435 Total Net Sales $ 11,449,416 $ 6,570,013 $ 18,019,429 For the Year Ended October 31, 2018 Marine Marine Technology Engineering Grand Business Business Total Total Net Sales by Product Line Equipment Sales $ 5,958,309 $ 211,366 $ 6,169,675 Equipment Rentals 2,366,515 - 2,366,515 Software Sales 955,750 - 955,750 Engineering Parts - 5,916,805 5,916,805 Services 2,168,842 441,842 2,610,684 Total Net Sales $ 11,449,416 $ 6,570,013 $ 18,019,429

Summary of Accounting Policie_3

Summary of Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Allowance for doubtful accounts receivable	$ 47,807	$ 47,807
Advertising expenses	18,271	5,017
Unbilled receivables	2,279,362	3,013,116
Deferred revenue	973,735	651,820
Component of Deferred Revenue	$ 497,819	335,646
Finite lived intangible asset amortization period	Customer relationships, non-compete agreements, patents and licenses are being amortized on a straight-line basis over periods of 2 to 15 years.
Impairment charges on intangible assets
Impairment loss on long lived asset
Reduction on research and development expenses	$ 0	$ 140,015
Equipment [Member] \| Minimum [Member]
Estimated useful lives of property and equipment	3 years
Equipment [Member] \| Maximum [Member]
Estimated useful lives of property and equipment	5 years
Buildings [Member]
Estimated useful lives of property and equipment	30 years

Summary of Accounting Policie_4

Summary of Accounting Policies - Schedule of Components of Inventory (Details) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Accounting Policies [Abstract]
Raw materials and parts	$ 4,379,260	$ 2,887,505
Work in progress	517,354	472,204
Finished goods	453,900	463,534
Total Inventory	$ 5,350,514	$ 3,823,243

Summary of Accounting Policie_5

Summary of Accounting Policies - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Accounting Policies [Abstract]
Net income	$ 5,225,199	$ 4,988,531
Basic weighted average common shares outstanding	10,680,007	10,093,538
Earnings from continuing operations, Basic	$ 0.49	$ 0.49

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Amortization of intangible assets	$ 39,689	$ 47,190
Goodwill	3,382,108	3,382,108
Coda Octopus Colmek Inc., Coda Octopus Products Ltd., Coda Octopus Martech Ltd. Dragon Design Ltd [Member]
Goodwill	$ 3,382,108	$ 3,382,108

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Schedule of Carrying Value of Identifiable Intangible Assets (Details) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Total identifiable intangible assets - gross carrying value	$ 1,301,288	$ 1,262,660
Less: accumulated amortization	(1,070,505)	(1,030,816)
Total intangible assets, net	230,783	231,844
Customer Relationships [Member]
Total identifiable intangible assets - gross carrying value	$ 720,592	720,592
Weighted average lives of intangible assets	10 years
Non-Compete Agreements [Member]
Total identifiable intangible assets - gross carrying value	$ 198,911	198,911
Weighted average lives of intangible assets	3 years
Patents and Other [Member]
Total identifiable intangible assets - gross carrying value	$ 381,785	$ 343,157
Weighted average lives of intangible assets	10 years

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Schedule of Estimated Future Amortization Expenses (Details)	Oct. 31, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 40,005
2021	35,443
2022	35,423
2023	33,083
2024	22,092
Thereafter	64,737
Totals	$ 230,783

Intangible Assets and Goodwil_5

Intangible Assets and Goodwill - Schedule of Goodwill (Details) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Goodwill net	$ 3,382,108	$ 3,382,108
Coda Octopus Colmek, Inc. [Member]
Goodwill net	2,038,669	2,038,669
Coda Octopus Products, Ltd [Member]
Goodwill net	62,315	62,315
Coda Octopus Martech, Ltd [Member]
Goodwill net	$ 1,281,124	$ 1,281,124

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
Property and Equipment (Details Narrative) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 794,086	$ 727,553

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Property, plant and equipment, gross	$ 9,435,124	$ 8,181,529
Less: accumulated depreciation	(3,448,312)	(2,935,346)
Property and Equipment - Net	5,986,812	5,246,183
Buildings [Member]
Property, plant and equipment, gross	4,654,029	3,856,860
Land [Member]
Property, plant and equipment, gross	200,000	3,400,000
Office Machinery and Equipment [Member]
Property, plant and equipment, gross	3,423,062	2,875,444
Furniture, Fixtures and Improvements [Member]
Property, plant and equipment, gross	$ 1,158,033	$ 1,109,225

Other Current Assets - Summary

Other Current Assets - Summary of Other Current Assets (Details) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deposits/Other receivables	$ 42,932	$ 162,301
Tax receivables	75,004	57,123
Total Other Current Assets	$ 117,936	$ 219,424

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	Sep. 16, 2019	Jun. 24, 2019	Feb. 03, 2019	Nov. 16, 2018	Oct. 31, 2018	Aug. 12, 2018	Apr. 19, 2018	Mar. 06, 2018	Feb. 22, 2018	Feb. 12, 2018	Feb. 05, 2018	Jan. 29, 2018	Oct. 31, 2019	Oct. 31, 2018
Number of shares issued for services, value													$ 105,446	$ 5,312,732
Common stock, shares issued					10,640,416								10,721,881	10,640,416
Common stock, shares outstanding					10,640,416								10,721,881	10,640,416
Preferred stock, shares authorized													5,000,000
Preferred stock, par value													$ 0.001
Preferred stock, shares undesignated													4,900,000
Preferred Stock Series C [Member]
Number of shares issued for services
Number of shares issued for services, value
Preferred stock, shares designated													50,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Series A Preferred Stock [Member]
Preferred stock, shares designated													50,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Two Investors [Member] \| Private Placement [Member]
Number of shares issued												1,125,950
Number of shares issued, value												$ 4,954,180
Director [Member] \| Private Placement [Member]
Number of shares issued											75,000
Number of shares issued, value											$ 345,750
One Investor [Member] \| Private Placement [Member]
Number of shares issued				23,965						2,777
Number of shares issued, value				$ 105,446						$ 12,802
Two Individuals [Member]
Number of shares issued for services								12,500	12,500
Number of shares issued for services, value								$ 57,250	$ 57,250
Former Officer [Member]
Number of shares issued							63,068
Number of shares issued, value							$ 277,499
Consultants [Member]
Number of shares issued for services		20,000				25,000
Number of shares issued for services, value		$ 291,800				$ 113,750
Holders [Member] \| Preferred Stock Series C [Member]
Number of shares issued					200,000
Number of shares issued, value					$ 1,000,000
Shares conversion price per share					$ 5									$ 5
Number of shares converted					1,000
Directors [Member]
Number of shares issued for services			7,143
Number of shares issued for services, value			$ 42,289
Director of Foreign Subsidiaries [Member] \| Stock Incentive Plan 2017 [Member]
Number of shares issued for services	25,000
Number of shares issued for services, value	$ 260,500
Employees [Member] \| Stock Incentive Plan 2017 [Member]
Number of shares issued for services	5,357
Number of shares issued for services, value	$ 55,820

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	Oct. 31, 2019USD ($)
Income Tax Disclosure [Abstract]
Net operating loss	$ 3,368,538

Income Taxes - Schedule of Fede

Income Taxes - Schedule of Federal and Foreign Income Taxes (Details) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Income Tax Disclosure [Abstract]
Current income tax expense (benefit) - Federal	$ (75,004)	$ 7,840
Current income tax expense (benefit) - Foreign	35,582	(139,303)
Deferred income tax expense (benefit) - Federal	1,046,776	(1,754,169)
Deferred income tax expense (benefit) - Foreign
Total Income Tax Benefit (Expense)	$ (1,007,354)	$ 1,885,632

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Income Tax Benefit (Details)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Income Tax Disclosure [Abstract]
Statutory tax rate	21.00%	21.00%
Change in deferred taxes	(4.20%)	(77.50%)
Alternative Minimum Tax (refund)	1.20%	0.30%
Foreign tax (benefit) expense	0.50%	4.50%
Total	16.10%	(60.70%)

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Deferred Tax Assets (Details) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Income Tax Disclosure [Abstract]
U.S. NOL carryforwards	$ 670,787	$ 1,754,169
Other Foreign deferred tax liabilities	(39,103)
Total	$ 631,684	$ 1,754,169

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Operating Loss Carryforwards (Details)	Oct. 31, 2019USD ($)
NOL carryforwards	$ 3,368,538
2028 [Member]
NOL carryforwards	2,707,158
2029 [Member]
NOL carryforwards	$ 661,380

Loans and Notes Payable (Detail

Loans and Notes Payable (Details Narrative) - USD ($)	Nov. 26, 2019	Oct. 31, 2019
Line of credit outstanding, balance		$ 0
Unused Lines of Credit [Member]
Maximum, line of credit		$ 455,000
New Lines of Credit [Member] \| Subsequent Event [Member]
Line of credit outstanding, balance	$ 4,000,000

Loans and Notes Payable - Sched

Loans and Notes Payable - Schedule of Loans and Notes Payable (Details) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Total	$ 1,059,574	$ 2,024,239
Less: current portion	(487,140)	(964,695)
Total Long Term Loans and Notes Payable	572,434	1,059,544
Secured Debt [Member]
Total	1,059,574	1,524,239
Unsecured Debt [Member]
Total		$ 500,000

Loans and Notes Payable - Sch_2

Loans and Notes Payable - Schedule of Loans and Notes Payable (Details) (Parenthetical) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Secured Debt [Member]
Loan, annual interest rate	4.56%	4.56%
Loan interest payment, description	Secured note payable to HSBC NA with interest payable on the 28th day of each month at 4.56% per annum.	Secured note payable to HSBC NA with interest payable on the 28th day of each month at 4.56% per annum.
Principal and interest payment	$ 43,777	$ 43,777
Unsecured Debt [Member]
Debt, interest rate	4.50%	4.50%
Secured debenture, maturity date	Dec. 31, 2018	Dec. 31, 2018

Loans and Notes Payable - Sch_3

Loans and Notes Payable - Schedule of Principal Maturities of Notes and Loans Payable (Details)	Oct. 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 487,140
2021	509,807
2022	62,627
Totals	$ 1,059,574

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Equity [Abstract]
Other comprehensive income (loss)	$ 93,255	$ (190,232)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Schedule of Other Comprehensive Income (Loss) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Equity [Abstract]
Balance, beginning of year	$ (2,228,663)	$ (2,038,431)
Total other comprehensive income for the year - foreign currency translation adjustment	93,255	(190,232)
Balance, end of period	$ (2,135,408)	$ (2,228,663)

Concentrations (Details Narrati

Concentrations (Details Narrative) - USD ($)	12 Months Ended
Concentrations (Details Narrative) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Accounts receivable from customer	$ 4,431,971	$ 3,326,623
One Customer [Member]
Percentage of sales from customers	10.00%	10.00%
One Customer [Member] \| Revenue [Member]
Percentage of sales from customers	27.00%	16.00%
Revenue from customer	$ 6,764,199	$ 2,882,761
One Customer [Member] \| Accounts Receivable [Member]
Percentage of sales from customers	20.00%	1.00%
Accounts receivable from customer	$ 898,584	$ 24,993

Employee Benefit Plans (Details

Employee Benefit Plans (Details Narrative) - USD ($)	12 Months Ended
Employee Benefit Plans (Details Narrative) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Retirement Benefits [Abstract]
Employee contributions	$ 1,900
Employee benefit costs	$ 59,927	$ 51,693

Segment Analysis (Details Narra

Segment Analysis (Details Narrative)	12 Months Ended
Segment Analysis (Details Narrative)	Oct. 31, 2019Integer
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Analysis - Schedule of

Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Revenues from External Customers	$ 25,056,934	$ 18,019,429
Cost of Revenues	8,627,615	5,357,067
Gross Profit	16,429,319	12,662,362
Research & Development	2,801,331	2,571,714
Selling, General & Administrative	7,374,551	6,779,881
Total Operating Expenses	10,175,882	9,351,595
Income (Loss) from Operations	6,253,437	3,310,767
Other Income	70,212	41,222
Interest Expense	(91,096)	(249,090)
Total Other Income (Expense)	(20,884)	(207,868)
Net Income (Loss) before Income Taxes	6,232,553	3,102,899
Current Tax Benefit (Expense)	39,422	131,463
Deferred Tax Benefit	(1,046,776)	1,754,169
Total Income Tax Benefit (Expense)	(1,007,354)	1,885,632
Net Income	5,225,199	4,988,531
Total Assets	34,330,993	28,736,611
Total Liabilities	3,703,220	4,349,661
Revenues from Intercompany Sales - eliminated from sales above	4,435,698	4,713,825
Depreciation and Amortization	833,775	774,743
Purchases of Long-lived Assets	2,263,007	565,290
Marine Technology Business (Products) [Member]
Revenues from External Customers	12,908,110	11,449,416
Cost of Revenues	2,519,768	1,894,808
Gross Profit	10,388,342	9,554,608
Research & Development	2,208,749	2,048,285
Selling, General & Administrative	3,080,134	2,882,049
Total Operating Expenses	5,288,883	4,930,334
Income (Loss) from Operations	5,099,459	4,624,274
Other Income	70,186	39,122
Interest Expense	(10,564)	(12,154)
Total Other Income (Expense)	59,622	26,968
Net Income (Loss) before Income Taxes	5,159,081	4,651,242
Current Tax Benefit (Expense)	(9,391)	133,419
Deferred Tax Benefit	(336,101)
Total Income Tax Benefit (Expense)	(345,492)	133,419
Net Income	4,813,589	4,784,661
Total Assets	19,206,401	15,061,693
Total Liabilities	1,573,572	1,142,661
Revenues from Intercompany Sales - eliminated from sales above	1,590,548	1,176,438
Depreciation and Amortization	581,942	448,620
Purchases of Long-lived Assets	2,183,009	487,159
Marine Engineering Business (Services) [Member]
Revenues from External Customers	12,148,824	6,570,013
Cost of Revenues	6,107,847	3,462,259
Gross Profit	6,040,977	3,107,754
Research & Development	146,061	523,429
Selling, General & Administrative	2,492,410	2,366,226
Total Operating Expenses	2,638,471	2,889,655
Income (Loss) from Operations	3,402,506	218,099
Other Income	26	2,100
Interest Expense	(14,820)	(59,599)
Total Other Income (Expense)	(14,794)	(57,499)
Net Income (Loss) before Income Taxes	3,387,712	160,600
Current Tax Benefit (Expense)	33,454
Deferred Tax Benefit	(496,318)
Total Income Tax Benefit (Expense)	(462,864)
Net Income	2,924,848	160,600
Total Assets	14,165,120	11,674,640
Total Liabilities	962,641	1,498,828
Revenues from Intercompany Sales - eliminated from sales above	145,150	437,387
Depreciation and Amortization	236,092	311,980
Purchases of Long-lived Assets	81,446	76,041
Overhead [Member]
Revenues from External Customers
Cost of Revenues
Gross Profit
Research & Development	446,521
Selling, General & Administrative	1,802,007	1,531,606
Total Operating Expenses	2,248,528	1,531,606
Income (Loss) from Operations	(2,248,528)	(1,531,606)
Other Income
Interest Expense	(65,712)	(177,337)
Total Other Income (Expense)	(65,712)	(177,337)
Net Income (Loss) before Income Taxes	(2,314,240)	(1,708,943)
Current Tax Benefit (Expense)	15,359	(1,956)
Deferred Tax Benefit	(214,357)	1,754,169
Total Income Tax Benefit (Expense)	(198,998)	1,752,213
Net Income	(2,513,238)	43,270
Total Assets	959,472	2,000,278
Total Liabilities	1,167,007	1,708,172
Revenues from Intercompany Sales - eliminated from sales above	2,700,000	3,100,000
Depreciation and Amortization	15,741	14,143
Purchases of Long-lived Assets	$ 37,180	$ 76,561

Segment Analysis - Schedule o_2

Segment Analysis - Schedule of Disaggregate of Revenue from Contracts for Sale with Customers by Geographic Location (Details) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Total Net Sales	$ 25,056,934	$ 18,019,429
Equipment Sales [Member]
Total Net Sales	7,134,344	6,169,675
Equipment Rentals [Member]
Total Net Sales	2,688,570	2,366,515
Software Sales [Member]
Total Net Sales	604,491	955,750
Engineering Parts [Member]
Total Net Sales	10,141,160	5,916,805
Services [Member]
Total Net Sales	4,488,369	2,610,684
Americas [Member]
Total Net Sales	13,544,484	7,389,495
Americas [Member] \| Equipment Sales [Member]
Total Net Sales	802,101	719,973
Americas [Member] \| Equipment Rentals [Member]
Total Net Sales	639,055	681,757
Americas [Member] \| Software Sales [Member]
Total Net Sales	53,540	52,145
Americas [Member] \| Engineering Parts [Member]
Total Net Sales	9,117,338	4,468,170
Americas [Member] \| Services [Member]
Total Net Sales	2,932,450	1,467,450
Europe [Member]
Total Net Sales	4,886,661	5,913,206
Europe [Member] \| Equipment Sales [Member]
Total Net Sales	1,771,985	1,851,912
Europe [Member] \| Equipment Rentals [Member]
Total Net Sales	1,137,244	1,526,302
Europe [Member] \| Software Sales [Member]
Total Net Sales	167,903	249,779
Europe [Member] \| Engineering Parts [Member]
Total Net Sales	1,023,822	1,448,635
Europe [Member] \| Services [Member]
Total Net Sales	785,707	836,578
Australia/Asia [Member]
Total Net Sales	6,087,071
Australia/Asia [Member] \| Equipment Sales [Member]
Total Net Sales	4,259,093	2,580,263
Australia/Asia [Member] \| Equipment Rentals [Member]
Total Net Sales	876,141	117,389
Australia/Asia [Member] \| Software Sales [Member]
Total Net Sales	324,222	568,407
Australia/Asia [Member] \| Services [Member]
Total Net Sales	627,615	238,234
Middle East & Africa [Member]
Total Net Sales	538,718	1,212,435
Middle East & Africa [Member] \| Equipment Sales [Member]
Total Net Sales	301,165	1,017,527
Middle East & Africa [Member] \| Equipment Rentals [Member]
Total Net Sales	36,130	41,067
Middle East & Africa [Member] \| Software Sales [Member]
Total Net Sales	58,826	85,419
Middle East & Africa [Member] \| Services [Member]
Total Net Sales	142,597	68,422
Australia/Asia [Member]
Total Net Sales		3,504,293
Marine Technology Business (Products) [Member]
Total Net Sales	12,908,110	11,449,416
Marine Technology Business (Products) [Member] \| Equipment Sales [Member]
Total Net Sales	6,930,914	5,958,309
Marine Technology Business (Products) [Member] \| Equipment Rentals [Member]
Total Net Sales	2,688,570	2,366,515
Marine Technology Business (Products) [Member] \| Software Sales [Member]
Total Net Sales	604,491	955,750
Marine Technology Business (Products) [Member] \| Engineering Parts [Member]
Total Net Sales
Marine Technology Business (Products) [Member] \| Services [Member]
Total Net Sales	2,684,135	2,168,842
Marine Technology Business (Products) [Member] \| Americas [Member]
Total Net Sales	2,625,072	2,479,483
Marine Technology Business (Products) [Member] \| Americas [Member] \| Equipment Sales [Member]
Total Net Sales	744,604	719,973
Marine Technology Business (Products) [Member] \| Americas [Member] \| Equipment Rentals [Member]
Total Net Sales	639,055	681,757
Marine Technology Business (Products) [Member] \| Americas [Member] \| Software Sales [Member]
Total Net Sales	53,540	52,145
Marine Technology Business (Products) [Member] \| Americas [Member] \| Engineering Parts [Member]
Total Net Sales
Marine Technology Business (Products) [Member] \| Americas [Member] \| Services [Member]
Total Net Sales	1,187,873	1,025,608
Marine Technology Business (Products) [Member] \| Europe [Member]
Total Net Sales	3,657,249	4,253,205
Marine Technology Business (Products) [Member] \| Europe [Member] \| Equipment Sales [Member]
Total Net Sales	1,626,052	1,640,546
Marine Technology Business (Products) [Member] \| Europe [Member] \| Equipment Rentals [Member]
Total Net Sales	1,137,244	1,526,302
Marine Technology Business (Products) [Member] \| Europe [Member] \| Software Sales [Member]
Total Net Sales	167,903	249,779
Marine Technology Business (Products) [Member] \| Europe [Member] \| Engineering Parts [Member]
Total Net Sales
Marine Technology Business (Products) [Member] \| Europe [Member] \| Services [Member]
Total Net Sales	726,050	836,578
Marine Technology Business (Products) [Member] \| Australia/Asia [Member]
Total Net Sales	6,087,071	3,504,293
Marine Technology Business (Products) [Member] \| Australia/Asia [Member] \| Equipment Sales [Member]
Total Net Sales	4,259,093
Marine Technology Business (Products) [Member] \| Australia/Asia [Member] \| Equipment Rentals [Member]
Total Net Sales	876,141	117,389
Marine Technology Business (Products) [Member] \| Australia/Asia [Member] \| Software Sales [Member]
Total Net Sales	324,222	568,407
Marine Technology Business (Products) [Member] \| Australia/Asia [Member] \| Services [Member]
Total Net Sales	627,615
Marine Technology Business (Products) [Member] \| Middle East & Africa [Member]
Total Net Sales	538,718	1,212,435
Marine Technology Business (Products) [Member] \| Middle East & Africa [Member] \| Equipment Sales [Member]
Total Net Sales	301,165	1,017,527
Marine Technology Business (Products) [Member] \| Middle East & Africa [Member] \| Equipment Rentals [Member]
Total Net Sales	36,130	41,067
Marine Technology Business (Products) [Member] \| Middle East & Africa [Member] \| Software Sales [Member]
Total Net Sales	58,826	85,419
Marine Technology Business (Products) [Member] \| Middle East & Africa [Member] \| Services [Member]
Total Net Sales	142,597	68,422
Marine Technology Business (Products) [Member] \| Australia/Asia [Member] \| Equipment Sales [Member]
Total Net Sales		2,580,263
Marine Technology Business (Products) [Member] \| Australia/Asia [Member] \| Services [Member]
Total Net Sales		238,234
Marine Engineering Business (Services) [Member]
Total Net Sales	12,148,824	6,570,013
Marine Engineering Business (Services) [Member] \| Equipment Sales [Member]
Total Net Sales	203,430	211,366
Marine Engineering Business (Services) [Member] \| Equipment Rentals [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Software Sales [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Engineering Parts [Member]
Total Net Sales	10,141,160	5,916,805
Marine Engineering Business (Services) [Member] \| Services [Member]
Total Net Sales	1,804,234	441,842
Marine Engineering Business (Services) [Member] \| Americas [Member]
Total Net Sales	10,919,412	4,910,012
Marine Engineering Business (Services) [Member] \| Americas [Member] \| Equipment Sales [Member]
Total Net Sales	57,497
Marine Engineering Business (Services) [Member] \| Americas [Member] \| Equipment Rentals [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Americas [Member] \| Software Sales [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Americas [Member] \| Engineering Parts [Member]
Total Net Sales	9,117,338	4,468,170
Marine Engineering Business (Services) [Member] \| Americas [Member] \| Services [Member]
Total Net Sales	1,744,577	441,842
Marine Engineering Business (Services) [Member] \| Europe [Member]
Total Net Sales	1,229,412	1,660,001
Marine Engineering Business (Services) [Member] \| Europe [Member] \| Equipment Sales [Member]
Total Net Sales	145,933	211,366
Marine Engineering Business (Services) [Member] \| Europe [Member] \| Equipment Rentals [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Europe [Member] \| Software Sales [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Europe [Member] \| Engineering Parts [Member]
Total Net Sales	1,023,822	1,448,635
Marine Engineering Business (Services) [Member] \| Europe [Member] \| Services [Member]
Total Net Sales	59,657
Marine Engineering Business (Services) [Member] \| Australia/Asia [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Australia/Asia [Member] \| Equipment Sales [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Australia/Asia [Member] \| Equipment Rentals [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Australia/Asia [Member] \| Software Sales [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Australia/Asia [Member] \| Services [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Middle East & Africa [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Middle East & Africa [Member] \| Equipment Sales [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Middle East & Africa [Member] \| Equipment Rentals [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Middle East & Africa [Member] \| Software Sales [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Middle East & Africa [Member] \| Services [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Australia/Asia [Member]
Total Net Sales
Marine Engineering Business (Services) [Member] \| Australia/Asia [Member] \| Services [Member]
Total Net Sales

Commitments (Details Narrative)

Commitments (Details Narrative) - Employment Agreements [Member] - USD ($)	Jun. 30, 2018	Oct. 31, 2019
Annmarie Gayle [Member]
Annual base salary	$ 230,000	$ 305,000
Annual performance bonus		100,000
Annual salary, separation bonus		150,000
Blair Cunningham [Member]
Annual base salary		200,000
Michael Midgley [Member]
Annual base salary		$ 210,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Nov. 26, 2019	Oct. 31, 2019
Line of credit outstanding, balance		$ 0
Subsequent Event [Member] \| Revolving Line of Credit Facility [Member]
Line of credit outstanding, balance	$ 4,000,000

Related Party Transaction (Deta

Related Party Transaction (Details Narrative) - USD ($)	12 Months Ended
Related Party Transaction (Details Narrative) - USD ($)	Oct. 31, 2019	Oct. 31, 2018
Proceeds from sale of property	$ 719,077
Orlando Property [Member] \| Blair Cunningham [Member]
Proceeds from sale of property	$ 705,000