| GOODWILL AND IDENTIFIED INTANGIBLE ASSETS |
NOTE
12 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS
Intangibles
consisted of the following as of:
SCHEDULE OF INTANGIBLE ASSETS
| |
|
Average |
|
|
April 30, 2025 |
|
|
October 31, 2024 |
|
| 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 |
|
|
$ |
(919,503 |
) |
|
$ |
- |
|
| Non-Compete Agreements |
|
|
4 |
|
|
|
423,548 |
|
|
|
(227,717 |
) |
|
|
195,831 |
|
|
|
423,548 |
|
|
|
(198,911 |
) |
|
|
224,637 |
|
| Value of Technology |
|
|
7 |
|
|
|
2,947,155 |
|
|
|
(215,958 |
) |
|
|
2,731,197 |
|
|
|
2,947,155 |
|
|
|
- |
|
|
|
2,947,155 |
|
| Patents |
|
|
10 |
|
|
|
832,339 |
|
|
|
(329,588 |
) |
|
|
502,751 |
|
|
|
820,555 |
|
|
|
(305,313 |
) |
|
|
515,242 |
|
| Total intangible assets |
|
|
|
|
|
$ |
5,122,545 |
|
|
$ |
(1,692,766 |
) |
|
$ |
3,429,779 |
|
|
$ |
5,110,761 |
|
|
$ |
(1,423,727 |
) |
|
$ |
3,687,034 |
|
Amortization
of intangible assets for the three months ended April 30, 2025 and 2024 was $116,575
and $16,623,
respectively, and for the six months ended April 30, 2025 and 2024 was $244,334 and $33,869, respectively.
Goodwill
consisted of the following as of:
SCHEDULE OF GOODWILL
| |
|
April 30, |
|
|
October 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
|
*Coda Octopus Engineering, 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 |
|
|
|
257,226 |
|
| |
|
|
|
|
|
|
|
|
| Total Goodwill |
|
$ |
3,639,334 |
|
|
$ |
3,639,334 |
|
| * |
This business unit changed its name from Coda Octopus Colmek, Inc. to Coda
Octopus Engineering, Inc. with effect from March 17, 2025. |
|