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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
SCHEDULE OF CARRYING VALUE OF IDENTIFIABLE INTANGIBLE ASSETS | SCHEDULE OF CARRYING VALUE OF IDENTIFIABLE INTANGIBLE ASSETS
|  | October 31, |  |  | October 31, |
|  | 2021 |  |  | 2020 |
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) |  |  | 585,483 |  |  |  | 472,173 |
Total identifiable intangible assets - gross carrying value |  |  | 1,504,986 |  |  |  | 1,391,676 |
Less: accumulated amortization |  |  | (1,092,711 | ) |  |  | (1,042,332 | )
Total intangible assets, net |  | $ | 412,275 |  |  | $ | 349,344 |
SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSES | Future estimated annual amortization expenses as of October 31, 2021 is as follows: SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSES
Years Ending October 31, |  | Amount |
2022 |  |  | 54,429 |
2023 |  |  | 52,089 |
2024 |  |  | 42,877 |
2025 |  |  | 27,533 |
2026 |  |  | 24,442 |
Thereafter |  |  | 210,905 |
Totals |  | $ | 412,275 |
SCHEDULE OF GOODWILL | Goodwill consisted of the following as of: SCHEDULE OF GOODWILL
|  | October 31, |  |  | October 31, |
|  | 2021 |  |  | 2020 |
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 |

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