Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements Of Operations

v2.3.0.15
Condensed Consolidated Statements Of Operations (USD $)
3 Months Ended 9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2011
Jul. 31, 2010
Net revenue        
Revenue from sales of encryption products, net $ 24,360 $ 58,030 $ 128,233 $ 119,425
Display technology license fee 426,000   426,000 300,000
Total net revenue 450,360 58,030 554,233 419,425
Cost of revenue and operating expenses        
Cost of encryption products sold 3,626 34,004 33,484 75,055
Research and development expenses 879,644 673,320 2,388,362 2,219,532
Selling, general and administrative expenses 774,748 620,967 2,153,737 2,246,082
Total cost of revenue and operating expenses 1,658,018 1,328,291 4,575,583 4,540,669
Loss from operations (1,207,658) (1,270,261) (4,021,350) (4,121,244)
Dividend Income 33,507   33,507 68,211
Interest income 653 128 1,196 4,832
Loss before income taxes (1,173,498) (1,270,133) (3,986,647) (4,048,201)
Provision for income taxes 600,000   600,000  
Net loss $ (1,773,498) $ (1,270,133) $ (4,586,647) $ (4,048,201)
Net loss per share:        
Basic and diluted $ (0.01) $ (0.01) $ (0.03) $ (0.03)
Weighted average common shares outstanding:        
Basic and diluted 170,604,447 149,219,952 164,387,291 147,214,256