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CONCENTRATION OF CREDIT RISK
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12 Months Ended |
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Oct. 31, 2013
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| Risks and Uncertainties [Abstract] | |
| Concentration Risk Disclosure [Text Block] |
3. CONCENTRATION OF CREDIT RISK Financial instruments that potentially subject us to concentrations of credit risk consist principally of accounts receivable. Management reviews our accounts receivable and other receivables for potential doubtful accounts and maintains an allowance for estimated uncollectible amounts. Our policy is to write-off uncollectable amounts at the time it is determined that collection will not occur. One licensee accounted for 90% of revenue during fiscal year 2013 and 100% of accounts receivable at October 31, 2013. During fiscal year 2012, one licensee accounted for 100% of revenue. |
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- Definition
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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