FAIR VALUE MEASUREMENTS (Details) - Changes in the fair value of the Company’s Level 3 financial liabilities measured at fair value (USD $)
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6 Months Ended | |
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Apr. 30, 2014
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Apr. 30, 2013
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Changes in the fair value of the Company’s Level 3 financial liabilities measured at fair value [Abstract] | ||
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 | |
Amortized interest on patent obligation | 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 |
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- Definition
Amortized interest on patent acquisition obligations to interest expense. No definition available.
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- Definition
Amount of realized and unrealized gain (loss) included in earnings, which have arisen from the use of significant unobservable inputs (level 3) to measure fair value of assets, liabilities, and financial instruments classified in shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of issuances of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the initial fair value recorded for liabilities incurred on transfer of financial assets in a securitization, asset-backed financing arrangement, or a similar transfer which transaction is recognized as a sale of the transferred financial assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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