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Commitments And Contingencies
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12 Months Ended | ||
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Oct. 31, 2011
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| Commitments And Contingencies [Abstract] | |||
| Commitments And Contingencies |
Leases We lease space at our principal location for office and laboratory research facilities. The current lease is for approximately 12,000 square feet and expires on November 30, 2014. The lease contains base rentals of approximately $311,000 per annum and an escalation clause for increases in certain operating costs. As of October 31, 2011, our noncancelable operating lease commitments are approximately $286,000 and $311,000 for the years ended October 31, 2012 and 2013, respectively. Rent expense for the years ended October 31, 2011 and 2010, was approximately $307,000 and $297,000, respectively. Litigation Matters We are not a party to any material pending legal proceedings. We are occasionally a party to claims, and complaints that arise in the ordinary course of business. We believe that any liability that may ultimately result from the resolution of these matters will not, individually or in the aggregate, have a material adverse effect on our financial position or results of operations. Consulting Agreement As of October 31, 2011, we have commitments of approximately $150,000 under a consulting agreement with Volga, payable during the first quarter of fiscal year 2012. |