Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.0.8
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Apr. 30, 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

          $617,719

 

        

  $             -

 

        

$        -

 

$    617,719

Certificates of deposit Short-term investments

2,050,000

 

 

-

 

 

-

 

2,050,000

Videocon Industries Limited global depository receipts

 

   3,977,452

 

 

-

 

 

-

 

 

3,977,452

 

Total financial assets

         

$ 6,645,171

 

 

 $              -

 

   

 $        -

 

              $6,645,171

               

 

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

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]


  

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative liability


 $           -

 


 $          -

 

   

$ 2,750,000

 

   

 $ 2,750,000

Patent acquisition  obligation

              -

 

             -

 

   3,036,745

 

    3,036,745

 

 $           -

 

 $          -

 

$ 5,786,745

 

 $ 5,786,745

  

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative liability


   $        -

 


 $          -

 

   

$   540,000

 

   

$  540,000

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

 

 

 

 For the Six Months Ended April 30, 2014

Beginning balance

 

 

    $     540,000

Fair value of patent acquisition obligation

 

 

      

   Initial fair value, discounted to present value

$2,850,511

 

 

   Amortized interest on patent obligation

     186,234

 

      3,036,745

 Aggregate fair value of bifurcated conversion feature issued

 

 

      1,570,000

Change in fair value of bifurcated conversion feature

 

 

       2,310,704

Fair value of bifurcated conversion features related to the  Extinguished of debt

 

 

      (1,670,704)

Ending balance

 

 

     $ 5,786,745