Goodwill and Intangible Assets |
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| Goodwill and Intangible Assets | Note 9. Goodwill and Intangible Assets As of April 30, 2025 and October 31, 2024, the Company had goodwill of $4.1 million and intangible assets of $14.1 million and $14.8 million, respectively, that were recorded in connection with the Company’s 2012 acquisition of Versa Power Systems, Inc. (“Versa”) and the 2019 Bridgeport Fuel Cell Project acquisition. The Versa acquisition intangible asset represents an indefinite-lived in-process research and development intangible asset for cumulative research and development efforts associated with the development of solid oxide fuel cell stationary power generation. Amortization expense for the Bridgeport Fuel Cell Project-related intangible asset for each of the three month periods ended April 30, 2025 and 2024 was $0.3 million, and for each of the six month periods ended April 30, 2025 and 2024 was $0.6 million. The following tables summarize the carrying value of the Company’s intangible assets as of April 30, 2025 and October 31, 2024 (in thousands):
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