Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 7.  Goodwill and Intangible Assets

As of January 31, 2021 and October 31, 2020, the Company had goodwill of $4.1 million and intangible assets of $19.6 million and $20.0 million, respectively, that were recorded in connection with the Company’s 2012 acquisition of Versa Power Systems, Inc. (“Versa”) and the 2019 Bridgeport Fuel Cell Project acquisition. The Versa acquisition intangible asset is an indefinite-lived in-process research and development intangible asset for cumulative research and development efforts associated with the development of solid oxide fuel cell stationary power generation. Amortization expense for the Bridgeport Fuel Cell Project PPA asset for each of the three months ended January 31, 2021 and 2020 was $0.3 million.

The following tables summarize the Company’s intangible assets as of January 31, 2021 and October 31, 2020 (in thousands): 

As of January 31, 2021	Gross Amount		Accumulated Amortization			Net Amount
In-Process Research and Development	$	9,592	$	-		$	9,592
Bridgeport PPA		12,320		(2,269	)		10,051
Total		21,912		(2,269	)		19,643
As of October 31, 2020	Gross Amount		Accumulated Amortization			Net Amount
In-Process Research and Development	$	9,592	$	-		$	9,592
Bridgeport PPA		12,320		(1,945	)		10,375
Total		21,912		(1,945	)		19,967