Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.7.0.1
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Apr. 30, 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

$

2,585,760

 

$

-

 

$

-

 

$

2,585,760

Certificates of deposit –

     Short-term investments

 

-

 

 

2,250,000

 

 

-

 

 

2,250,000

Total financial assets

$

2,585,760

 

$

2,250,000

 

$

-

 

$

4,835,760

 

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

$

-

 

$

-

 

$

-

 

$

-

  

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

 

228,026

Extinguishment of patent obligation

 

(4,399,902)

Balance April 30, 2017

$

-