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Goodwill and Intangible Assets | 9 Months Ended
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Jul. 31, 2022
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | Note 8. Goodwill and Intangible Assets As of July 31, 2022 and October 31, 2021, the Company had goodwill of $4.1 million and intangible assets of $17.7 million and $18.7 million, respectively, that were recorded in connection with the Company’s 2012 acquisition of Versa Power Systems, Inc. (“Versa”) and the 2019 Bridgeport Fuel Cell Project acquisition. The Versa acquisition intangible asset represents an indefinite-lived in-process research and development intangible asset (“IPR&D”) for cumulative research and development efforts associated with the development of solid oxide fuel cell stationary power generation. Amortization expense for the Bridgeport Fuel Cell Project-related intangible asset for each of the three months ended July 31, 2022 and 2021 was $0.3 million and for each of the nine months ended July 31, 2022 and 2021 was $0.9 million. ​ The Company completed its annual impairment analysis of goodwill and IPR&D as of July 31, 2022. A qualitative analysis was completed for fiscal year 2022 and the Company determined that there was no impairment of goodwill or IPR&D. The following tables summarize the carrying value of the Company’s intangible assets as of July 31, 2022 and October 31, 2021 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of July 31, 2022 |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
In-Process Research and Development | ​ | $ | 9,592 | ​ | $ | — | ​ | $ | 9,592
Bridgeport PPA | ​ | ​ | 12,320 | ​ | ​ | (4,215) | ​ | ​ | 8,105
Total | ​ | $ | 21,912 | ​ | $ | (4,215) | ​ | $ | 17,697
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of October 31, 2021 |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
In-Process Research and Development | ​ | $ | 9,592 | ​ | $ | — | ​ | $ | 9,592
Bridgeport PPA | ​ | ​ | 12,320 | ​ | ​ | (3,242) | ​ | ​ | 9,078
Total | ​ | $ | 21,912 | ​ | $ | (3,242) | ​ | $ | 18,670
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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