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Net Loss Per Share Of Common Stock
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9 Months Ended |
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Jul. 31, 2012
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| Earnings Per Share [Text Block] |
6. 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 nine and three-month periods ended July 31, 2012 and 2011, were stock options to purchase 17,340,045 and 18,817,045 shares respectively, and warrants to purchase 7,500,000 and 7,500,000 shares, respectively. |