Quarterly report pursuant to sections 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.0.8
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Jul. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]

   

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash

and cash equivalents

$982,031

 

$ -

 

 

$ -

 

$ 982,031

 

Videocon Industries Limited

global depository receipts

4,269,141

 

 

-

 

 

-

 

 

4,269,141

Total financial assets

$ 5,251,172

 

$ -

 

$ -

 

$5,251,172

 

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash

and cash equivalents

$ 339,693

 

$ -

 

$ -

 

$ 339,693

U.S. government securities -

Cash and cash equivalents

 

-

 

500,000

 

 

-

 

500,000

Videocon Industries Limited

global depository receipts

4,728,367

 

 

-

 

 

-

 

4,728,367

Total financial assets

$5,068,060

 

$ 500,000

 

$ -

 

$5,568,060

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

 

 

Level 1

 

Level 2

 

Level 3

 

Total

Derivative liability

$ -

 

$ -

 

$ 700,000

 

$ 700,000

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

 

For the Nine Months Ending July 31, 2013

Beginning balance

$ -

Aggregate fair value of bifurcated conversion feature issued

1,180,000

Change in fair value of bifurcated conversion feature

(480,000)

Ending balance

$ 700,000