Annual report pursuant to section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Oct. 31, 2012
Fair Value, Assets Measured on Recurring Basis [Table Text Block]

 

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash

and cash equivalents

$ 339,693

 

$ -

 

$ -

 

$ 339,693

Certificates of deposit–

Short-term investments

 

 

 

500,000

 

 

 

 

500,000

Videocon Industries Limited

global depository receipts

4,728,367

 

 

 

 

4,728,367

 

Total financial assets

 

$5,068,060

 

$ 500,000

 

$ -

 

$5,568,060

 

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash

and cash equivalents

$ 5,685

 

$ -

 

$ -

 

$ 5,685

U.S. government securities –

Cash and cash equivalents

 

 

599,994

 

 

 

599,994

U.S. government securities and certificates of deposit–

Short-term investments

 

 

2,249,159

 

 

 

2,249,159

Videocon Industries Limited

global depository receipts

5,382,051

 

 

 

 

 

 

5,382,051

Total financial assets

$5,387,736

 

$2,849,153

 

$ -

 

$8,236,889

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

 

For the fiscal Year Ended       October 31,

 

2012

2011

Weighted average fair value at grant date

$0.18

$0.15

Valuation assumptions:

 

 

Expected term (in years)

5.75

3.3

Expected volatility

109%

107%

Risk-free interest rate

1.16%

0.88%

Expected dividend yield

0

0