| Schedule of Changes in Noncontrolling Interest |
The following table sets
forth the changes in noncontrolling interest for the two years ended October 31, 2020:
| Balance October 31, 2018 |
|
$ |
(251,377 |
) |
| Net loss attributable to noncontrolling interest |
|
|
(171,598 |
) |
| Balance October 31, 2019 |
|
|
(422,975 |
) |
| Net loss attributable to noncontrolling interest |
|
|
(74,008 |
) |
| Balance October 31, 2020 |
|
$ |
(496,983 |
) |
|
| Schedule of Hierarchy of Financial Assets |
The following table presents
the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2020:
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Money market funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
3,902,292 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,902,292 |
|
| Certificates of deposit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
2,250,000 |
|
|
|
- |
|
|
|
- |
|
|
|
2,250,000 |
|
| Short term investments |
|
|
- |
|
|
|
2,640,000 |
|
|
|
- |
|
|
|
2,640,000 |
|
| Total financial assets |
|
$ |
6,152,292 |
|
|
$ |
2,640,000 |
|
|
$ |
- |
|
|
$ |
8,792,292 |
|
The following table presents
the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2019:
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Money market funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
2,706,944 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,706,944 |
|
| Certificates of deposit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
500,000 |
|
|
|
|
|
|
|
- |
|
|
|
500,000 |
|
| Short term investments |
|
|
- |
|
|
|
2,350,000 |
|
|
|
- |
|
|
|
2,350,000 |
|
| Total financial assets |
|
$ |
3,206,944 |
|
|
$ |
2,350,000 |
|
|
$ |
- |
|
|
$ |
5,556,944 |
|
|
| Schedule of Weighted Average Assumptions Used in Estimating Fair Value of Stock Options |
The following weighted
average assumptions were used in estimating the fair value of stock options granted during the years ended October 31, 2020 and
2019:
| |
|
For the Year
Ended October 31, |
|
| |
|
2020 |
|
|
2019 |
|
| Weighted average fair value at grant date |
|
$ |
2.97 |
|
|
$ |
3.87 |
|
| Valuation assumptions: |
|
|
|
|
|
|
|
|
| Expected life (years) |
|
|
5.86 |
|
|
|
5.47 |
|
| Expected volatility |
|
|
114.22 |
% |
|
|
116.72 |
% |
| Risk-free interest rate |
|
|
1.45 |
% |
|
|
1.61 |
% |
| Expected dividend yield |
|
|
0 |
% |
|
|
0 |
% |
|