Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.3.1.900
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Jan. 31, 2016
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 $

3,402,588

  $

-

  $

-

  $

3,402,588

Certificates of deposit - Short-term investments  

-

   

2,150,000

   

-

   

2,150,000

Total financial assets $

3,402,588

  $

2,150,000

  $

-

  $

5,552,588

                       
 

Level 1

 

Level 2

 

Level 3

 

Total

                                         
Money market funds – Cash equivalents $

467,967

  $

-

  $

-

  $

467,967

Certificates of deposit - Short term investments  

-

   

2,400,000

   

-

   

2,400,000

Total financial assets $

467,967

  $

2,400,000

  $

-

  $

2,867,967

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

Level 1

 

Level 2

 

Level 3

 

Total

                       
Patent acquisition obligation

-

 

$                 

-

 

3,812,088

 

3,812,088

                       .
 

Level 1

 

Level 2

 

Level 3

 

Total

                       
Patent acquisition obligation

-

 

-

 

3,688,187

 

3,688,187

                       .
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
     
Patent acquisition obligation    
Balance October 31, 2015 $

3,688,187

Accreted interest on patent obligation  

123,901

Balance January 31, 2016 $

3,812,088