Annual report pursuant to Section 13 and 15(d)

GOODWILL AND IDENTIFIED INTANGIBLE ASSETS (Tables)

v3.24.4
GOODWILL AND IDENTIFIED INTANGIBLE ASSETS (Tables)
12 Months Ended
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangibles consisted of the following as of:

  

        October 31, 2024     October 31, 2023  
    Average                                    
Finite-lived   Life   Gross     Accumulated           Gross     Accumulated        
intangible assets   (Years)   Asset     Amortization     Net     Asset     Amortization     Net  
                                         
Customer Relationships   10   $ 919,503     $ (919,503 )   $ -     $ 919,503     $ (906,422 )   $ 13,081  
Non-Compete Agreements   4     423,548       (198,911 )     224,637       198,911       (198,911 )     -  
Value of Technology   7     2,947,155       -       2,947,155       -       -       -  
Patents   10     820,555       (305,313 )     515,242       581,739       (108,205 )     473,534  
Total intangible assets       $ 5,110,761     $ (1,423,727 )   $ 3,687,034     $ 1,700,153     $ (1,213,538 )   $ 486,615  

SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSES

Estimated future annual amortization expenses of finite-lived assets as of October 31, 2024, is as follows:

  

Years Ending October 31,   Amount  
       
2025   $ 524,068  
2026     523,381  
2027     522,821  
2028     522,821  
2029     466,662  
         
Thereafter     1,127,281  
         
Totals   $ 3,687,034  
SCHEDULE OF GOODWILL

Goodwill consisted of the following as of:

  

    October 31,     October 31,  
    2024     2023  
             
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  
Precision Acoustics Ltd     257,226       -  
                 
Total Goodwill   $ 3,639,334     $ 3,382,108