v3.22.4
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