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Note 10 - Intangible Assets
 3 Months Ended
Jan. 31, 2022
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 10 – Intangible assets

 

Intangible assets consist of the following (in thousands): 

 

   

January 31, 2022

    

October 31, 2021

  

Amortizable intangible assets:

                

Non-compete agreement (estimated life 5 years)

   $ 423     $ 423  

Accumulated amortization

     (300 )     (289 )
      123       134  
                 

Customer relationships (estimated lives 7 - 15 years)

     5,058       5,058  

Accumulated amortization

     (2,786 )     (2,711 )
      2,272       2,347  
                 

Backlog (estimated life 1 - 2 years)

     287       287  

Accumulated amortization

     (287 )     (287 )
      -       -  
                 

Patents (estimated life 10 - 14 years)

     368       368  

Accumulated amortization

     (119 )     (110 )
      249       258  
                 

Totals

   $ 2,644     $ 2,739  
                 

Non-amortizable intangible assets:

                

Trademarks

   $ 1,174     $ 1,174  

 

Amortization expense for the three months ended January 31, 2022 and the year ended October 31, 2021 was $95,000 and $442,000, respectively. As of January 31, 2022, the weighted-average amortization period for the amortizable intangible assets is 7.62 years.