Goodwill and Intangible Asset

9 Months Ended

Jul. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Asset

Note 7.  Goodwill and Intangible Asset

As of July 31, 2018 and October 31, 2017, the Company had goodwill of $4.1 million and an intangible asset of $9.6 million associated with the December 2012 acquisition of Versa Power Systems.  The intangible asset represents indefinite lived in-process research and development for cumulative research and development efforts associated with the development of solid oxide fuel cell (SOFC) stationary power generation.    

The Company completed its annual impairment analysis of goodwill and in-process research and development assets as of July 31, 2018.   The Company performed a qualitative assessment for the current year and determined that it was more likely than not that there was no impairment of goodwill or the indefinite lived intangible asset.