Annual report pursuant to Section 13 and 15(d)

GOODWILL AND IDENTIFIED INTANGIBLE ASSETS (Tables)

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GOODWILL AND IDENTIFIED INTANGIBLE ASSETS (Tables)
 12 Months Ended
Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF OTHER INTANGIBLE ASSETS

Intangibles consisted of the following as of:

   

        October 31, 2023     October 31, 2022  
    Average                                    
    Life   Gross     Accumulated           Gross     Accumulated        
Finite-lived intangible assets   (Years)   Asset     Amortization     Net     Asset     Amortization     Net  
                                         
Customer Relationships   10   $ 919,503     $ (906,422 ) $ 13,081     $ 919,503     $ (883,922 )   $ 35,581  
Patents and others   10     780,650       (307,116 )     473,534       669,751       (263,046 )     406,705  
Total intangible assets       $ 1,700,153     $ (1,213,538 ) $ 486,615     $ 1,589,254     $ (1,146,968)     $ 442,286  
SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSES

Estimated future annual amortization expenses of finite-lived assets as of October 31, 2023, is as follows:

  

         
2024   $ 56,104  
2025     42,514  
2026     39,434  
2027     36,657  
Thereafter     311,906  
         
Totals   $ 486,615  
SCHEDULE OF GOODWILL

Goodwill consisted of the following as of:

  

    October 31,     October 31,  
    2023     2022  
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