| GOODWILL AND IDENTIFIED INTANGIBLE ASSETS |
Note
12 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS
Intangibles
consisted of the following as of:
SCHEDULE OF INTANGIBLE ASSETS
| | |
| |
April 30, 2026 | | |
October 31, 2025 | |
| Finite-lived | |
Average | |
| | |
| | |
| | |
| | |
| | |
| |
| intangible | |
Life | |
Gross | | |
Accumulated | | |
| | |
Gross | | |
Accumulated | | |
| |
| assets | |
(Years) | |
Asset | | |
Amortization | | |
Net | | |
Asset | | |
Amortization | | |
Net | |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| |
| Customer Relationships | |
10 | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 919,503 | | |
$ | (919,503 | ) | |
$ | - | |
| Non Compete Agreements | |
4 | |
| 224,637 | | |
| (84,239 | ) | |
| 140,398 | | |
| 423,548 | | |
| (255,744 | ) | |
| 167,804 | |
| Value of Technology | |
7 | |
| 2,947,155 | | |
| (631,533 | ) | |
| 2,315,622 | | |
| 2,947,155 | | |
| (426,070 | ) | |
| 2,521,085 | |
| Patents | |
10 | |
| 883,750 | | |
| (380,209 | ) | |
| 503,541 | | |
| 845,906 | | |
| (355,207 | ) | |
| 490,699 | |
| Total intangible assets | |
| |
$ | 4,055,542 | | |
$ | (1,095,981 | ) | |
$ | 2,959,561 | | |
$ | 5,136,112 | | |
$ | (1,956,524 | ) | |
$ | 3,179,588 | |
Amortization
of intangible assets for the three months ended April 30, 2026 and 2025 was $134,697 and $116,575, respectively, and for the six months
ended April 30, 2026 and 2025 was $271,309 and $244,334, respectively.
CODA
OCTOPUS GROUP, INC.
Notes
to the Unaudited Consolidated Financial Statements
April
30, 2026 and October 31, 2025
Note
12 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS (Continued)
Goodwill
consisted of the following as of:
SCHEDULE OF GOODWILL
| | |
April 30, | | |
October 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| *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 | |
| | |
| | | |
| | |
| Goodwill | |
$ | 3,639,334 | | |
$ | 3,639,334 | |
| * |
This
business unit changed its name from Coda Octopus Colmek, Inc. with effect from March 17, 2025. |
|