Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Oct. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF OTHER INTANGIBLE ASSETS

Other intangibles consisted of the following as of:

 SCHEDULE OF OTHER INTANGIBLE ASSETS 

    October 31,     October 31,  
    2022     2021  
             
Customer relationships (weighted average life of 10 years)   $ 720,592     $ 720,592  
Non-compete agreements (weighted average life of 3 years)     198,911       198,911  
Patents and other (weighted average life of 10 years)     675,572       585,483  
                 
Total identifiable intangible assets - gross carrying value     1,595,075       1,504,986  
                 
Less: accumulated amortization     (1,152,789 )     (1,092,711 )
                 
Total intangible assets, net   $ 442,286     $ 412,275  

SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSES

Future estimated annual amortization expenses as of October 31, 2022 is as follows:

 

Years Ending October 31,   Amount  
2023     52,089  
2024     42,877  
2025     27,533  
2026     24,442  
Thereafter     295,345  
         
Totals   $ 442,286  

SCHEDULE OF GOODWILL

Goodwill consisted of the following as of:

 

    October 31,     October 31,  
    2022     2021  
Coda Octopus Colmek, Inc.   $ 2,038,669     $ 2,038,669  
Coda Octopus Products, Ltd     62,315       62,315  
Coda Octopus Martech, Ltd     1,281,124       1,281,124  
                 
Total Goodwill   $ 3,382,108     $ 3,382,108