STOCK BASED COMPENSATION (Tables)
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6 Months Ended |
Apr. 30, 2015
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STOCK BASED COMPENSATION (Tables) [Line Items] |
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Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
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For the Three |
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For the Six Months |
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Months Ended |
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Ended April 30, |
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April 30, |
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2015 |
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2014 |
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2014 |
Weighted average fair value at grant date |
$0.09 |
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$0.17 |
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$0.24 |
Valuation assumptions: |
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Expected life (years) |
5.30 |
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5.69 |
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5.70 |
Expected volatility |
114.3% |
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115.6% |
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116.6% |
Risk-free interest rate |
1.60% |
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1.77% |
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1.85% |
Expected dividend yield |
0% |
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0% |
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0% |
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Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Weighted |
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Average Exercise |
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Aggregate |
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Shares |
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Price Per Share |
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Intrinsic Value |
Options Outstanding at October 31, 2014 |
12,349,770 |
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$0.72 |
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Forfeited |
(2,014,770) |
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$0.63 |
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Options Outstanding and exercisable at April 30, 2015 |
10,335,000 |
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$0.69 |
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$ 24,959 |
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Weighted |
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Aggregate |
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Average Exercise |
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Intrinsic |
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Shares |
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Price Per Share |
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Value |
Options Outstanding at October 31, 2014 |
18,214,000 |
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$0.23 |
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Granted |
1,300,000 |
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$0.11 |
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Forfeited |
(6,083,866) |
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$0.26 |
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Options Outstanding at April 30, 2015 |
13,430,134 |
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$0.13 |
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$ |
182,854 |
Options Exercisable at April 30, 2015 |
8,929,578 |
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$0.14 |
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$ |
106,345 |
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2003 Share Plan [Member] |
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STOCK BASED COMPENSATION (Tables) [Line Items] |
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Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] |
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Weighted |
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Average |
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Remaining |
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Weighted |
Range of |
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Number |
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Contractual Life |
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Average |
Exercise Prices |
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Outstanding |
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(in years) |
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Exercise Price |
$0.07 - $0.37 |
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1,987,000 |
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2.12 |
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$ |
0.12 |
$0.43 - $0.70 |
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2,530,000 |
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1.29 |
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$ |
0.61 |
$0.74 - $0.92 |
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4,818,000 |
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1.64 |
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$ |
0.86 |
$1.04 - $1.46 |
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1,000,000 |
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2.31 |
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$ |
1.17 |
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2010 Share Plan [Member] |
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STOCK BASED COMPENSATION (Tables) [Line Items] |
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Schedule of Share-based Compensation, Stock Award Plan, Activity [Table Text Block] |
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Options Outstanding
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Options Exercisable |
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Weighted |
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Weighted |
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Average |
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Average |
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Remaining |
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Weighted |
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Remaining |
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Weighted |
Range of |
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Number |
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Contractual Life
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Average |
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Number |
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Contractual Life |
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Average |
Exercise Prices |
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Outstanding |
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(in years) |
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Exercise Price |
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Exercisable |
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(in years)
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Exercise Price |
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$0.10 - $0.37 |
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13,430,134 |
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7.39 |
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$0.13 |
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8,929,578 |
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6.71 |
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$0.14 |
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. |
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Stock Options Not Granted Under 2003 Share Plan Or 2010 Share Plan [Member] |
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STOCK BASED COMPENSATION (Tables) [Line Items] |
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Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Weighted |
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Aggregate |
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Average Exercise |
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Intrinsic |
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Shares |
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Price Per Share |
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Value |
Options Outstanding at October 31, 2014 |
44,500,000 |
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$0.22 |
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Options Outstanding at April 30, 2015 |
44,500,000 |
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$0.11 |
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$ |
726,750 |
Options Exercisable at April 30, 2015 |
38,826,672 |
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$0.11 |
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$ |
630,252 |
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Schedule of Share-based Compensation, Stock Award Plan, Activity [Table Text Block] |
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Options Outstanding |
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Options Exercisable |
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Weighted |
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Weighted |
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Average |
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Average |
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Remaining |
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Weighted |
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Remaining |
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Weighted |
Range of |
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Number |
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Contractual Life
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Average |
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Number |
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Contractual Life |
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Average |
Exercise Prices |
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Outstanding |
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(in years) |
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Exercise Price |
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Exercisable |
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(in years)
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Exercise Price |
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$0.10-$0.22 |
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44,500,000 |
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7.51 |
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$0.11 |
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38,823,672 |
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7.48 |
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$0.11 |
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. |
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