Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.7.0.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
9 Months Ended
Jul. 31, 2017
Payables and Accruals [Abstract]  
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

 

 

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.