Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 30, 2020
Oct. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,888,197 $ 3,491,625
Short-term investments in certificates of deposit 2,620,000 2,350,000
Receivables 32,338 66,527
Prepaid expenses and other current assets 116,252 184,972
Total current assets 5,656,787 6,093,124
Property and equipment, net of accumulated depreciation of $124,433 and $95,015, respectively 186,942 200,569
Operating lease right-of-use asset 81,166
Total assets 5,924,895 6,293,693
Current liabilities:    
Accounts payable 170,778 585,817
Accrued expenses 850,155 895,498
Operating lease liability 55,748
Total current liabilities 1,076,681 1,481,315
Operating lease liability, non-current 25,964
Total liabilities 1,102,645 1,481,315
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; no shares issued or outstanding
Common stock, par value $.01 per share; 48,000,000 shares authorized; 21,479,335 and 20,331,754 shares issued and outstanding, respectively 214,793 203,317
Additional paid-in capital 192,122,260 186,849,299
Accumulated deficit (187,049,899) (181,817,263)
Total shareholders’ equity 5,287,154 5,235,353
Noncontrolling interest (Note 1) (464,904) (422,975)
Total equity 4,822,250 4,812,378
Total liabilities and equity 5,924,895 6,293,693
Series A Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; no shares issued or outstanding
Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; no shares issued or outstanding