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Note 10 - Intangible Assets
 6 Months Ended
Apr. 30, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 10 – Intangible assets

 

Intangible assets consist of the following as of April 30, 2025 and October 31, 2024 (in thousands): 

 

   

April 30, 2025

    

October 31, 2024

  

Amortizable intangible assets:

                

Non-compete agreement (estimated life five years)

   $ 423     $ 423  

Accumulated amortization

     (423 )     (423 )
      -       -  
                 

Customer relationships (estimated lives 7 - 15 years)

     6,058       6,058  

Accumulated amortization

     (4,042 )     (3,848 )
      2,016       2,210  
                 

Backlog (estimated life one - two years)

     327       327  

Accumulated amortization

     (327 )     (327 )
      -       -  
                 

Patents (estimated life 10 - 14 years)

     368       368  

Accumulated amortization

     (225 )     (208 )
      143       160  
                 

Tradename (estimated life 15 years)

     1,700       1,700  

Accumulated amortization

     (358 )     (302 )
      1,342       1,398  
                 

Proprietary technology (estimated life 10 years)

     11,100       11,100  

Accumulated amortization

     (3,515 )     (2,960 )
      7,585       8,140  
                 

Totals

   $ 11,086     $ 11,908  
                 

Non-amortizable intangible assets:

                

Trademarks

   $ 1,174     $ 1,174  

 

Amortization expense for the six months ended April 30, 2025 and the year ended October 31, 2024 was $822,000 and $1,688,000, respectively. As of April 30, 2025, the weighted-average amortization period for the amortizable intangible assets is 7.14 years.