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Business acquisitions (Tables) | 12 Months Ended
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Oct. 31, 2015
Rel-Tech Electronics, Inc |
Components of Purchase Price at Fair Value | The following table summarizes the components of the estimated purchase price at fair value at June 1, 2015:
Cash consideration paid |  | $ | 2,100,000 |
RF Industries, Ltd. common shares issued (50,467 shares) |  |  | 200,000 |
Earn-out |  |  | 610,000 |
Total purchase price |  | $ | 2,910,000 |
Allocation of Purchase Price at Fair Value | The following table summarizes the final allocation of the estimated purchase price at fair value at June 1, 2015:
Current assets |  | $ | 1,637,000 |
Fixed assets |  |  | 68,000 |
Other assets |  |  | 17,000 |
Intangible assets |  |  | 1,425,000 |
Goodwill |  |  | 833,000 |
Deferred tax liabilities |  |  | (489,000) |
Non-interest bearing liabilities |  |  | (581,000) |
Net assets |  | $ | 2,910,000 |
CompPro Product Line |
Components of Purchase Price at Fair Value | The following table summarizes the components of the estimated purchase price at fair value at May 19, 2015:
Cash consideration paid |  | $ | 700,000 |
Total purchase price |  | $ | 700,000 |
Allocation of Purchase Price at Fair Value | The following table summarizes the final allocation of the estimated purchase price at fair value at May 19, 2015:
Current assets |  | $ | 186,300 |
Fixed assets |  |  | 67,500 |
Intangible assets |  |  | 321,200 |
Goodwill |  |  | 125,000 |
Net assets |  | $ | 700,000 |
Comnet Telecom Supply Inc |
Components of Purchase Price at Fair Value | The following table summarizes the components of the estimated purchase price at fair value at November 1, 2014:
Cash consideration paid |  | $ | 3,090,000 |
RF Industries, Ltd. common shares issued (252,381 shares) |  |  | 1,060,000 |
Earn-out |  |  | 1,235,000 |
Total purchase price |  | $ | 5,385,000 |
Allocation of Purchase Price at Fair Value | The following table summarizes the final allocation of the estimated purchase price at fair value at May 19, 2015:
Current assets |  | $ | 1,875,000 |
Fixed assets |  |  | 150,000 |
Intangible assets |  |  | 2,910,000 |
Goodwill |  |  | 1,879,000 |
Non-interest bearing liabilities |  |  | (1,429,000) |
Net assets |  | $ | 5,385,000 |

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- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
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