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GOODWILL AND IDENTIFIED INTANGIBLE ASSETS
 3 Months Ended
Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND IDENTIFIED INTANGIBLE ASSETS

NOTE 12 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS

 

Intangibles consisted of the following as of:

 

   Average  January 31, 2025   October 31, 2024 
  Life  Gross   Accumulated       Gross   Accumulated     
Finite-lived intangible assets  (Years)  Asset   Amortization   Net   Asset   Amortization   Net 
                            
Customer Relationships  10  $919,503   $(919,503)  $-   $919,503   $(919,503)  $- 
Non-Compete Agreements  4   423,548    (212,349)   211,199    423,548    (198,911)   224,637 
Value of Technology  7   2,947,155    (100,736)   2,846,419    2,947,155    -    2,947,155 
Patents  10   827,591    (317,774)   509,817    820,555    (305,313)   515,242 
Total intangible assets     $5,117,797   $(1,550,362)  $3,567,435   $5,110,761   $(1,423,727)  $3,687,034 

 

Amortization of intangible assets for the three months ended January 31, 2025 and 2024 was $127,759 and $17,246 respectively.

 

Goodwill consisted of the following as of:

  

   January 31,   October 31, 
   2025   2024 
         
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    257,226 
           
Total Goodwill  $3,639,334   $3,639,334