Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v2.4.0.8
STOCK BASED COMPENSATION (Tables)
6 Months Ended
Apr. 30, 2014
STOCK BASED COMPENSATION (Tables) [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

 

For the Six Months Ended April 30,

For the Three Months Ended April 30,

 

2014

2013

2014

2013

Weighted average fair value at grant date

$0.21

$0.17

$0.28

$0.18

Valuation assumptions:

 

 

 

 

      Expected life ( years)

5.69

5.26

5.70

5.35

      Expected volatility

115.6%

116.5%

116.6%

117%

      Risk-free interest rate

1.77%

.73%

1.85%

.82%

      Expected dividend yield

0

0

0

0

2003 Share Plan [Member]
 
STOCK BASED COMPENSATION (Tables) [Line Items]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

 


Shares

Weighted
Average Exercise
Price Per Share

Aggregate Intrinsic Value

Options Outstanding at October 31, 2013

 15,638,845

 $0.72

 

Exercised

        (5,000)

         $0.145

 

Forfeited

    (500,000)

       $0.43

 

Options Outstanding and exercisable at April 30, 2014

 

 15,133,845

      

         $0.73

   

$  356,000

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]


Range of
Exercise Prices

Number
Outstanding

Weighted Average
Remaining
Contractual Life

(in years)

Weighted
Average
Exercise Price

$0.07 - $0.37

 1,855,000

2.71

 $0.15

$0.43 - $0.70

 4,884,770

1.62

 $0.62

$0.74 - $0.92

 6,139,075

2.31

 $0.85

$1.04 - $1.46

 2,255,000

1.74

 $1.10

2010 Share Plan [Member]
 
STOCK BASED COMPENSATION (Tables) [Line Items]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]



Shares

 Weighted
Average Exercise
Price Per share

Aggregate Intrinsic

Value

 

 

 

 

 Options Outstanding at October 31, 2013

    2,984,000

            $0.25


    Granted

  8,710,000

            $0.21

 

Options Outstanding  at April 30, 2014

  11,694,000   

     $0.22

 $1,454,000

Options Exercisable at April 30, 2014

    3,762,194   

            $0.23

$425,000

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
               

 

Options Outstanding

Options Exercisable


Range of
Exercise Prices

 

Number
Outstanding

Weighted
Average
Remaining
Contractual Life

(in years)

Weighted
Average
Exercise Price

Number
Exercisable

Weighted
Average
Remaining
Contractual Life (in years)

Weighted
Average
Exercise Price

 

0

 

 

 

 

 

 

$0.12 - $0.37

 

 11,694,000

8.47

 $0.22

 3,762,194

6.26

 $0.23

Stock Options Not Granted Under 2003 Share Plan Or 2010 Share Plan [Member]
 
STOCK BASED COMPENSATION (Tables) [Line Items]  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
               

 

Options Outstanding

Options Exercisable


Range of
Exercise Prices

 

Number
Outstanding

Weighted
Average
Remaining
Contractual Life

(in years)

Weighted
Average
Exercise Price

Number
Exercisable

Weighted
Average
Remaining
Contractual Life (in years)

Weighted
Average
Exercise Price

 

0

 

 

 

 

 

 

$0.195-$0.235

 

44,500,000

8.41

$0.22

24,033,817

8.42

$0.22