Annual report pursuant to section 13 and 15(d)

Consolidated Statements Of Operations

v2.4.0.6
Consolidated Statements Of Operations (USD $)
12 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Net revenue    
Revenue from sales of encryption products, net $ 130,523 $ 130,675
Display technology license fees 872,670 600,000
Total net revenue 1,003,193 730,675
Cost of revenue and operating expenses    
Cost of encryption products sold 34,081 82,307
Research and development expenses 3,124,773 3,007,459
Selling, general and administrative expenses 2,872,605 2,889,129
Total cost of revenue and operating expenses 6,031,459 5,978,895
Loss from operations (5,028,266) (5,248,220)
Impairment in value of available for sale securities (Note 4) (1,785,793)  
Dividend income 33,507 68,211
Interest income 2,516 4,878
Loss before income taxes (6,778,036) (5,175,131)
Provision for income taxes (Note 9) 600,000   
Net loss $ (7,378,036) $ (5,175,131)
Net loss per share:    
Basic and diluted $ (0.04) $ (0.03)
Weighted average common shares outstanding:    
Basic and diluted 166,859,649 148,471,906