NET LOSS PER SHARE OF COMMON STOCK |
9 Months Ended |
|---|---|
Jul. 31, 2016 | |
| Earnings Per Share [Abstract] | |
| Earnings Per Share [Text Block] |
6. NET LOSS PER SHARE OF COMMON STOCK Basic net income (loss) per common share (“Basic EPS”) is computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted net income (loss) per common share (“Diluted EPS”) is computed by dividing net income (loss) by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding. Diluted EPS for all periods presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive. For this reason, excluded from the calculation of Diluted EPS for the nine and three months ended July 31, 2016 and 2015, were stock options to purchase 3,088,072 and 2,724,072 shares, respectively, warrants to purchase 707,387 and 1,028,932 shares, respectively and preferred stock convertible into 739,958 shares. |