Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.6.0.2
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Jan. 31, 2017
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

$

1,090,191

 

$

-

 

$

-

 

$

1,090,191

Certificates of deposit –

     Short-term investments

 

-

  

 

600,000

 

 

-

  

 

600,000

Total financial assets

$

1,090,191

 

$

600,000

 

$

-

 

$

1,690,191

 

Level 1

  

Level 2

  

Level 3

  

Total

 

       

      

   

      

     

Money market funds – 

    Cash equivalents

$

1,899,136

 

$

-

 

$

-

 

$

1,899,136

Certificates of deposit –

    Short-term investments

 

-

  

 

750,000

  

 

-

  

 

750,000

Total financial assets

$

1,899,136

 

$

750,000

 

$

-

 

$

2,649,136

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

  

Level 1

  

Level 2

  

Level 3

  

Total

 

       

      

   

      

     

Patent acquisition obligation

$

-

 

$

-

 

$

4,313,175

 

$

4,313,175

  

Level 1

  

Level 2

  

Level 3

  

Total

 

       

      

   

      

     

Patent acquisition obligation

$

-

 

$

-

 

$

4,171,876 

 

$

4,171,876
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
     

Patent acquisition obligation

    

Balance October 31, 2016

$

4,171,876

Accreted interest on patent obligation

 

141,299

Balance January 31, 2017

$

4,313,175