Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Jul. 31, 2021
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENTS

The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of July 31, 2021:

    Level 1     Level 2     Level 3     Total  
Money market funds:                                
Cash and cash equivalents   $ 26,807,696     $ -     $ -     $ 26,807,696  
Certificates of deposit:                                
Cash and cash equivalents     250,000       -       -       250,000  
Short-term investments     -       1,000,000       -       1,000,000  
Treasury bills and bonds:                                
Short-term investments     -       8,399,784       -       8,399,784  
                                 
Total financial assets   $ 27,057,696     $ 9,399,784     $ -     $ 36,457,480  

 

The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2020:

 

    Level 1     Level 2     Level 3     Total  
Money market funds:                                
Cash and cash equivalents   $ 3,902,292     $ -     $ -     $ 3,902,292  
Certificates of deposit:                                
Cash and cash equivalents     2,250,000       -       -       2,250,000  
Short-term investments     -       2,640,000       -       2,640,000  
                                 
Total financial assets   $ 6,152,292     $ 2,640,000     $ -     $ 8,792,292