Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.5.0.2
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Jul. 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

$

1,413,112

 

$

-

 

$

-

 

$

1,413,112

Certificates of deposit - Short-term investments

 

-

 

 

1,900,000

 

 

-

 

 

1,900,000

Total financial assets

$

1,413,112

 

$

1,900,000

 

$

-

 

$

3,313,122

  

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

$

-

 

$

-

 

$

4,071,425

 

$

4,071,425

  

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

 

383,238

Balance July 31, 2016

$

4,071,425