Note 11 - Intangible Assets

6 Months Ended

Apr. 30, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 11 – Intangible assets

Intangible assets consist of the following (in thousands): 

	April 30, 2021			October 31, 2020
Amortizable intangible assets:
Non-compete agreement (estimated life 5 years)	$	423		$	423
Accumulated amortization		(267	)		(245	)
		156			178
Customer relationships (estimated lives 7 - 15 years)		5,058			5,058
Accumulated amortization		(2,559	)		(2,367	)
		2,499			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		(94	)		(77	)
		274			291
Totals	$	2,929		$	3,181
Non-amortizable intangible assets:
Trademarks	$	1,174		$	1,174

Amortization expense for the six months ended April 30, 2021 and the year ended October 31, 2020 was $252,000 and $692,000, respectively. As of April 30, 2021, the weighted-average amortization period for the amortizable intangible assets is 5.66 years.