XML 29 R11.htm IDEA: XBRL DOCUMENT v3.21.4
Note 5 - Intangible Assets
12 Months Ended
Oct. 31, 2021
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

(5)

Intangible Assets

 

Aggregate amortization expense for amortizing intangible assets was $45,511, $42,006 and $38,598 for the years ended October 31, 2021, 2020 and 2019, respectively. Amortization of intangible assets is calculated using a straight-line method over the estimated useful lives of the intangible assets. Amortization expense is estimated to be approximately $45,000 for each of the next five years. The gross carrying amounts and accumulated amortization of intangible assets subject to amortization as of October 31, 2021 was $763,718 and $222,910, respectively. The gross carrying amounts and accumulated amortization of intangible assets subject to amortization as of October 31, 2020 was $693,435 and $177,399, respectively.