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GOODWILL AND IDENTIFIED INTANGIBLE ASSETS | 12 Months Ended
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Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND IDENTIFIED INTANGIBLE ASSETS | NOTE 8 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS Intangibles consisted of the following as of: SCHEDULE OF INTANGIBLE ASSETS
|  |  |  | October 31, 2024 |  |  | October 31, 2023 |
|  | Average |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finite-lived |  | Life |  | Gross |  |  | Accumulated |  |  |  |  |  | Gross |  |  | Accumulated |  |  |  |
intangible assets |  | (Years) |  | Asset |  |  | Amortization |  |  | Net |  |  | Asset |  |  | Amortization |  |  | Net |
Customer Relationships |  | 10 |  | $ | 919,503 |  |  | $ | (919,503 | ) |  | $ | - |  |  | $ | 919,503 |  |  | $ | (906,422 | ) |  | $ | 13,081 |
Non-Compete Agreements |  | 4 |  |  | 423,548 |  |  |  | (198,911 | ) |  |  | 224,637 |  |  |  | 198,911 |  |  |  | (198,911 | ) |  |  | - |
Value of Technology |  | 7 |  |  | 2,947,155 |  |  |  | - |  |  |  | 2,947,155 |  |  |  | - |  |  |  | - |  |  |  | - |
Patents |  | 10 |  |  | 820,555 |  |  |  | (305,313 | ) |  |  | 515,242 |  |  |  | 581,739 |  |  |  | (108,205 | ) |  |  | 473,534 |
Total intangible assets |  |  |  | $ | 5,110,761 |  |  | $ | (1,423,727 | ) |  | $ | 3,687,034 |  |  | $ | 1,700,153 |  |  | $ | (1,213,538 | ) |  | $ | 486,615 |
Estimated future annual amortization expenses of finite-lived assets as of October 31, 2024, is as follows: SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSES
Years Ending October 31, |  | Amount |
2025 |  | $ | 524,068 |
2026 |  |  | 523,381 |
2027 |  |  | 522,821 |
2028 |  |  | 522,821 |
2029 |  |  | 466,662 |
Thereafter |  |  | 1,127,281 |
Totals |  | $ | 3,687,034 |
Amortization of intangible assets for the years ended October 31, 2024, and 2023 was $60,476 and $64,063 respectively. Goodwill consisted of the following as of: SCHEDULE OF GOODWILL
|  | October 31, |  |  | October 31, |
|  | 2024 |  |  | 2023 |
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 |
Precision Acoustics Ltd |  |  | 257,226 |  |  |  | - |
Total Goodwill |  | $ | 3,639,334 |  |  | $ | 3,382,108 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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