Note 11 - Intangible Assets

3 Months Ended

Jan. 31, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note

11

–

Intangible assets

Intangible assets consist of the following (in thousands):

	January 31, 2021			October 31, 2020
Amortizable intangible assets:
Non-compete agreement (estimated life 5 years)	$	423		$	423
Accumulated amortization		(256	)		(245	)
		167			178
Customer relationships (estimated lives 7 - 15 years)		5,058			5,058
Accumulated amortization		(2,483	)		(2,367	)
		2,575			2,691
Backlog (estimated life 1 - 2 years)		287			287
Accumulated amortization		(287	)		(266	)
		-			21
Patents (estimated life 10 - 14 years)		368			368
Accumulated amortization		(86	)		(77	)
		282			291
Totals	$	3,024		$	3,181
Non-amortizable intangible assets:
Trademarks	$	1,174		$	1,174

Amortization expense for the

three

months ended

January 31, 2021

and the year ended

October 31, 2020

was

$157,000

and

$692,000,

respectively. As of

January 31, 2021,

the weighted-average amortization period for the amortizable intangible assets is

5.66

years.