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Note 10 - Intangible Assets | 9 Months Ended
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Jul. 31, 2024
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | Note 10 – Intangible assets Intangible assets consist of the following as of July 31, 2024 and October 31, 2023 (in thousands):
|  | July 31, 2024 |  |  | October 31, 2023 |
Amortizable intangible assets: |  |  |  |  |  |  |  |
Non-compete agreement (estimated life 5 years) |  | $ | 423 |  |  | $ | 423 |
Accumulated amortization |  |  | (411 | ) |  |  | (378 | )
|  |  | 12 |  |  |  | 45 |
Customer relationships (estimated lives 7 - 15 years) |  |  | 6,058 |  |  |  | 6,058 |
Accumulated amortization |  |  | (3,751 | ) |  |  | (3,461 | )
|  |  | 2,307 |  |  |  | 2,597 |
Backlog (estimated life 1 - 2 years) |  |  | 327 |  |  |  | 327 |
Accumulated amortization |  |  | (327 | ) |  |  | (327 | )
|  |  | - |  |  |  | - |
Patents (estimated life 10 - 14 years) |  |  | 368 |  |  |  | 368 |
Accumulated amortization |  |  | (200 | ) |  |  | (176 | )
|  |  | 168 |  |  |  | 192 |
Tradename (estimated life 15 years) |  |  | 1,700 |  |  |  | 1,700 |
Accumulated amortization |  |  | (275 | ) |  |  | (189 | )
|  |  | 1,425 |  |  |  | 1,511 |
Proprietary Technology (estimated life 10 years) |  |  | 11,100 |  |  |  | 11,100 |
Accumulated amortization |  |  | (2,683 | ) |  |  | (1,850 | )
|  |  | 8,417 |  |  |  | 9,250 |
Totals |  | $ | 12,329 |  |  | $ | 13,595 |
Non-amortizable intangible assets: |  |  |  |  |  |  |  |
Trademarks |  | $ | 1,174 |  |  | $ | 1,174 |
Amortization expense for the nine months ended July 31, 2024 and the year ended October 31, 2023 was $1,266,000 and $1,701,000, respectively. As of July 31, 2024, the weighted-average amortization period for the amortizable intangible assets is 7.85 years.

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