Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

9 Months Ended

Jul. 31, 2017

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expense consist of the following as of:

	July 31, 2017		October 31, 2016
	July 31, 2017		October 31, 2016
Accounts payable	$	444,749	$	373,224
Accrued severance costs		352,928		-
Payroll and related expenses		48,084		49,901
Accrued interest on secured debenture		20,667		-
Accrued other		60,260		45,631
Total	$	926,688	$	468,756

Accrued severance costs primarily result from the severance arrangement between the Company and its former chief executive officer, and include one year’s salary and associated taxes. Severance benefits will be paid out in four equal installments from August 2017 through June 2018.