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4. Capitalized Software Development Costs
12 Months Ended
Oct. 31, 2014
Notes  
4. Capitalized Software Development Costs

 

4.Capitalized Software Development Costs

 

As of October 31, 2014 and 2013, the Company had $13,012,000 and $11,034,000 of Capitalized software development costs, and $6,168,000 and $4,907,000 of accumulated amortization related to such costs, resulting in a net asset of $6,845,0006844509 and $6,127,0006126868, respectively. Amortization related to capitalized software development projects was $1,261,000 and $1,109,000 in fiscal years 2014 and 2013, respectively. For the next five years, beginning in fiscal year 2015, future amortization expense for Capitalized software development costs where amortization has commenced, is estimated to approximate $1,331,000, $1,319,000, $1,194,000, $887,000, and $240,000. As of October 31, 2014, the Company had $1,874,000 of Capitalized software development costs relating to projects in development which are not yet subject to amortization.