SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Summary of the changes in the fair value of the Company's Level 3 financial liabilities on recurring basis - USD ($) |
12 Months Ended | |
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Oct. 31, 2016 |
Oct. 31, 2015 |
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| Summary of the changes in the fair value of the Company's Level 3 financial liabilities on recurring basis [Abstract] | ||
| Balance October 31, 2014 | $ 3,688,187 | $ 3,236,281 |
| Accretion of interest on patent obligation | 519,946 | 451,906 |
| Royalty payment applied to patent acquisition obligation | (36,257) | |
| Balance | $ 4,171,876 | $ 3,688,187 |
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- Definition Accretion of interest on patent acquisition obligations to interest expense. No definition available.
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- Definition The cash outflow from the purchase of royalty interests in patent rights is the amount of cash the patent user pays the owner of the patent. No definition available.
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- References No definition available.
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- Definition Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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