Quarterly report pursuant to sections 13 or 15(d)

NET LOSS PER SHARE OF COMMON STOCK

NET LOSS PER SHARE OF COMMON STOCK	3 Months Ended
Jan. 31, 2014
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	7. NET LOSS PER SHARE OF COMMON STOCK In accordance with ASC 260, “Earnings Per Share”, basic net loss per common share (“Basic EPS”) is computed by dividing net loss by the weighted average number of common shares outstanding. Diluted net loss per common share (“Diluted EPS”) is computed by dividing net loss by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding. Diluted EPS for all periods presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive. For this reason, excluded from the calculation of Diluted EPS for the three-month periods ended January 31, 2014 and 2013, were stock options to purchase 70,832,845 and 61,408,845 shares respectively, and warrants to purchase 19,128,231 and 13,658,759 shares, respectively and debentures convertible into 28,099,423 shares and 19,919,425 shares respectively.

NET LOSS PER SHARE OF COMMON STOCK

3 Months Ended

Jan. 31, 2014

7. NET LOSS PER SHARE OF COMMON STOCK

In accordance with ASC 260, “Earnings Per Share”, basic net loss per common share (“Basic EPS”) is computed by dividing net loss by the weighted average number of common shares outstanding. Diluted net loss per common share (“Diluted EPS”) is computed by dividing net loss by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding. Diluted EPS for all periods presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive. For this reason, excluded from the calculation of Diluted EPS for the three-month periods ended January 31, 2014 and 2013, were stock options to purchase 70,832,845 and 61,408,845 shares respectively, and warrants to purchase 19,128,231 and 13,658,759 shares, respectively and debentures convertible into 28,099,423 shares and 19,919,425 shares respectively.