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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

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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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Name Accounting Standards Codification
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-SubTopic 30
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