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Intangible Assets and Goodwill (Tables) | 12 Months Ended
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Oct. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Carrying Value of Identifiable Intangible Assets | The identifiable intangible assets acquired and their carrying value as of October 31, 2017 and 2016, are as follows:
|  | October 31, |  |  | October 31, |
|  | 2017 |  |  | 2016 |
Customer relationships (weighted average life of 10 years) |  | $ | 896,624 |  |  | $ | 886,164 |
Non-compete agreements (weighted average life of 3 years) |  |  | 198,911 |  |  |  | 198,911 |
Patents and other (weighted average life of 10 years) |  |  | 294,175 |  |  |  | 294,175 |
Total identifiable intangible assets - gross carrying value |  |  | 1,389,710 |  |  |  | 1,379,250 |
Less: accumulated amortization |  |  | (1,182,537 | ) |  |  | (1,011,833 | )
Total intangible assets, net |  | $ | 207,173 |  |  | $ | 367,417 |
Schedule of Estimated Future Amortization Expenses | Future estimated annual amortization expenses as of October 31, 2017 as follows:
Years Ending October 31 |  | Amount |
2018 |  | $ | 40,595 |
2019 |  |  | 40,595 |
2020 |  |  | 40,595 |
2021 |  |  | 40,595 |
2022 |  |  | 40,595 |
Thereafter |  |  | 4,198 |
Totals |  | $ | 207,173 |
Schedule of Goodwill | The carrying amount of goodwill as of October 31, 2017 and 2016, respectively are recorded below:
|  | 2017 |  |  | 2016 |
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 |  |  | 998,591 |  |  |  | 998,591 |
Coda Octopus Martech, Ltd (from Dragon Design Ltd Acquisition) |  |  | 282,533 |  |  |  | 282,533 |
Total Goodwill |  | $ | 3,382,108 |  |  | $ | 3,382,108 |

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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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