Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) (USD $)
3 Months Ended 9 Months Ended
Jul. 31, 2013
Jul. 31, 2012
Jul. 31, 2013
Jul. 31, 2012
Net revenue        
Revenue from sales of encryption products, net    $ 2,800 $ 2,130 $ 6,725
Display technology license fee    246,670    940,010
Total net revenue    249,470 2,130 946,735
Cost of revenue and operating expenses        
Cost of encryption products sold    714 27,067 1,948
Research and development expenses    458,412    1,712,302
Selling, general and administrative expenses 2,218,605 433,682 6,117,492 1,641,277
Total cost of revenue and operating expenses 2,218,605 892,808 6,144,559 3,355,527
Loss from operations (2,218,605) (643,338) (6,142,429) (2,408,792)
Change in fair value of derivative liability 105,189    315,189   
Loss on extinguishment of debt (343,517)    (343,517)   
Interest expense (125,035)    (982,688)   
Dividend income    13,463    13,463
Interest income 76 773 113 3,033
Loss before income taxes (2,581,892) (629,102) (7,153,332) (2,392,296)
Provision for income taxes            
Net loss (2,581,892) (629,102) (7,153,332) (2,392,296)
Other comprehensive loss:        
Unrealized loss on investment in Videocon Industries Limited global depository receipts (1,751,636) (261,772) (459,226) (779,334)
Total comprehensive loss $ (4,333,528) $ (890,874) $ (7,612,558) $ (3,171,630)
Net loss per share:        
Basic and diluted (in Dollars per share) $ (0.01) $ 0.00 $ (0.04) $ (0.01)
Weighted average common shares outstanding:        
Basic and diluted (in Shares) 201,965,186 182,964,773 192,889,045 180,620,450