Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.1.9
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Jan. 31, 2015
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

 

 $6,510,659

 

$             -

 

$        -

 

 $6,510,659

Certificates of deposit -

   Short term investments

-

 

2,650,000

 

-

 

2,650,000

Total financial assets

  $6,510,659

 

$ 2,650,000

 

 $        -

 

$9,160,659

               

 

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash  

   and cash equivalents

$  155,964

 

$            -

 

$        -

 

$  155,964

Certificates of deposit -

   Short term investments

-

 

2,500,000

 

-

 

2,500,000

Total financial assets

$2,655,964

 

$2,500,000

 

$         -

 

$2,655,964

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

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Patent acquisition obligation

$ 

-

 

$

-

 

$ 

3,345,467

 

$ 

3,345,467

 

$

-

 

$

-

 

$

3,345,467

 

$

3,345,467

                       

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Patent acquisition obligation

$ 

-

 

$ 

-

 

$ 

3,236,281

 

$ 

3,236,281

 

$

-

 

$

-

 

$

3,236,281

 

$

3,236,281

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

Patent acquisition obligation

 

 

Balance October 31, 2013

 

$               -

Initial fair value, discounted to present value

 

    2,850,511            

Amortized interest on patent obligation

 

       385,770

Balance October 31, 2014

 

    3,236,281

Amortized interest on patent obligation

 

       109,186

Balance January 31, 2015

 

$  3,345,467