FAIR VALUE MEASUREMENTS (Details) - Changes in the fair value of the Company's Level 3 financial liabilities measured at fair value - USD ($) |
9 Months Ended | 12 Months Ended | |
|---|---|---|---|
Jul. 31, 2015 |
Jul. 31, 2014 |
Oct. 31, 2014 |
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| Changes in the fair value of the Company's Level 3 financial liabilities measured at fair value [Abstract] | |||
| Balance October 31, 2013 | $ 3,236,281 | ||
| Initial fair value | $ 2,850,511 | ||
| Accreted interest on patent obligation | 333,779 | $ 286,002 | 385,770 |
| Balance | $ 3,570,060 | $ 3,236,281 | |
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- Definition Accretion of interest on patent acquisition obligations to interest expense. No definition available.
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- References No definition available.
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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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