CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jul. 31, 2016 |
Jul. 31, 2015 |
Jul. 31, 2016 |
Jul. 31, 2015 |
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| Revenue: | ||||
| Revenue from patent licensing activities | $ 100,000 | $ 95,000 | $ 100,000 | $ 255,000 |
| Settlement with AU Optronics Corporation | 9,000,000 | |||
| Total revenue | 100,000 | 95,000 | 100,000 | 9,255,000 |
| Operating costs and expenses: | ||||
| Inventor royalties and contingent legal fees | 61,720 | 48,917 | 61,720 | 152,861 |
| Litigation and licensing expenses | 8,551 | 32,636 | 83,713 | 3,472,908 |
| Amortization of patents | 81,324 | 81,324 | 243,972 | 243,972 |
| Marketing, general and administrative expenses (including non-cash stock option compensation expenses of $570,190 and $2,338,299, respectively) | 923,289 | 1,422,844 | 3,306,305 | 5,152,489 |
| Total operating costs and expenses | 1,074,884 | 1,585,721 | 3,695,710 | 9,022,230 |
| Loss income from operations | (974,884) | (1,490,721) | (3,595,710) | 232,770 |
| Interest expense | (132,357) | (115,981) | (383,238) | (333,779) |
| Interest income | 3,466 | 4,523 | 10,190 | 14,379 |
| Loss before income taxes | (1,103,775) | (1,602,179) | (3,968,758) | (86,630) |
| Provision for income taxes | ||||
| Net loss | $ (1,103,775) | $ (1,602,179) | $ (3,968,758) | $ (86,630) |
| Net loss per common share: | ||||
| Basic and diluted (in Dollars per share) | $ (0.13) | $ (0.18) | $ (0.45) | $ (0.01) |
| Weighted average common shares outstanding: | ||||
| Basic and diluted (in Shares) | 8,745,423 | 8,762,540 | 8,736,167 | 8,773,279 |
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- Definition Litigation and licensing expenses. No definition available.
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- Definition Amount of revenue recognized from patent assertion activities. No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- References No definition available.
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