Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.2.0.727
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Jul. 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  equivalents

$

3,571,191

 

$

-

 

$

-

 

$

3,571,191

Certificates of deposit - Short term investments

 

-

 

 

2,400,000

 

 

-

 

 

2,400,000

Total financial assets

$

3,571,191

 

$

2,400,000

 

$

-

 

$

5,971,191

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

      

 

 

      

 

 

      

 

 

 

Money market funds – Cash  equivalents

$

155,964

 

$

-

 

$

-

 

$

155,964

Certificates of deposit -Short term investments

 

-

 

 

2,500,000

 

 

-

 

 

2,500,000

Total financial assets

$

155,964

 

$

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

$ 

-

 

$

-

 

$

3,570,060

 

$

3,570,060

 

$

-

 

$

-

 

$

3,570,060

 

$

3,570,000

 

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

 

2,850,511

Accreted interest on patent obligation

 

385,770

Balance October 31, 2014

 

3,236,281

Accreted interest on patent obligation

 

333,779

Balance July 31, 2015

$

3,570,060