Quarterly report pursuant to sections 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.0.8
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Jan. 31, 2014
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

$

776,141

 

$

-

 

$

-

 

$

776,141

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit Short-term investments

 

2,450,000

 

 

-

 

 

-

 

 

2,450,000

 

 

 

 

 

 

 

 

 

 

 

Videocon Industries Limited global depository receipts

 

3,986,427

 

 

-

 

 

-

 

 

3,986,427

Total financial assets

$

7,212,568

 

$

-

 

$

-

 

$

7,212,568

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

Money market funds – Cash and cash equivalents

$

898,172

 

$

-

 

$

-

 

$

898,172

Videocon Industries Limited global depository receipts

 

4,197,341

 

 

-

 

 

-

 

 

4,197,341

Total financial assets

$

5,095,513

 

 

-

 

$

-

 

$

5,095,513

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

  

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Derivative liability

$

-

 

$

-

 

$

3,430,000

 

$

3,430,000

Patent acquisition obligation

 

-

 

 

-

 

 

2,936,977

 

 

2,936,977

Total

$

-

 

$

-

 

$

6,366,977

 

$

6,366,977

  

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Derivative liability

$

-

 

$

-

 

$

540,000

 

$

540,000

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

 

 

 

For the Three Months

Ended January 31, 2014

Beginning balance

 

$

 540,000

Fair value of patent acquistion obligation

 

2,936,977

Aggregate fair value of bifurcated conversion feature issued

 

1,570,000

Change in fair value of bifurcated conversion feature

 

$

 1,320,000

Ending balance $

 3,430,000