Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Revenue:        
Revenue from patent licensing activities $ 25,000 $ 160,000
Settlement with AU Optronics Corporation 9,000,000
Total revenue $ 25,000 9,160,000
Operating costs and expenses:        
Inventor royalties and contingent legal fees 15,067 103,944
Litigation and licensing expenses $ 15,521 105,570 $ 75,162 3,440,272
Amortization of patents 81,324 81,324 162,648 162,648
Marketing, general and administrative expenses (including non-cash stock option compensation expenses of $217,254, $1,065,929, $329,749 and $1,557,708 respectively) 1,051,542 1,956,277 2,383,016 3,729,645
Total operating costs and expenses 1,148,387 2,158,238 2,620,826 7,436,509
(Loss) income from operations (1,148,387) (2,133,238) (2,620,826) 1,723,491
Interest expense (126,980) (108,612) (250,881) (217,798)
Interest income 3,473 5,179 6,724 9,856
(Loss) income before income taxes $ (1,271,894) $ (2,236,671) $ (2,864,983) $ 1,515,549
Provision for income taxes
Net (loss ) income $ (1,271,894) $ (2,236,671) $ (2,864,983) $ 1,515,549
Net (loss) income per common share:        
Basic (in Dollars per share) $ (0.33) $ 0.17
Diluted (in Dollars per share) $ (0.33) $ 0.16
Basic and diluted (in Dollars per share) $ (0.15) $ (0.26)
Weighted average common shares outstanding:        
Basic (in Shares) 8,731,489 8,778,737
Diluted (in Shares) 8,731,489 9,657,835
Basic and diluted (in Shares) 8,736,024 8,768,775