Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
3 Months Ended
Jan. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following is a summary of intangible assets as of the end of the following fiscal periods:

 

    January 31, 2017     October 31, 2016  
             
License   $ 776,992     $ 776,992  
Patents     5,056,042       4,980,610  
Software     25,625       19,625  
Total intangibles     5,858,659       5,777,227  
Accumulated Amortization     (1,522,516 )     (1,448,106 )
Intangible Assets   $ 4,336,143     $ 4,329,121  

Schedule of Amortization Expense

Estimated amortization expense for the next five years is as follows:

 

Year ended October 31,

 

2017 (Remaining)   $ 223,000  
2018     299,000  
2019     296,000  
2020     290,000  
2021     290,000