Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2019
Oct. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,396,853 $ 3,055,890
Short-term investments in certificates of deposit 2,100,000 2,000,000
Receivables 1,072 306,991
Prepaid expenses and other current assets 129,644 175,491
Total current assets 6,627,569 5,538,372
Patents, net of impairment of $1,001,729 and $582,979, respectively, and accumulated amortization of $2,034,382 and $1,615,632, respectively 837,500
Property and equipment, net of accumulated depreciation of $86,789 and $53,799, respectively 215,137 72,670
Total assets 6,842,706 6,448,542
Current liabilities:    
Accounts payable 567,778 582,012
Accrued expenses 875,771 683,099
Total current liabilities 1,443,549 1,265,111
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding and Series A convertible preferred stock, par value $100 per share; 140 shares authorized; no shares issued or outstanding
Common stock, par value $.01 per share; 48,000,000 shares authorized; 20,162,851 and 18,908,632 shares issued and outstanding, respectively 201,628 189,086
Additional paid-in capital 185,326,706 175,415,931
Accumulated deficit (179,729,770) (170,170,209)
Total shareholders’ equity 5,798,564 5,434,808
Noncontrolling interest (Note 1) (399,407) (251,377)
Total equity 5,399,157 5,183,431
Total liabilities and equity 6,842,706 6,448,542
Series A Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding and Series A convertible preferred stock, par value $100 per share; 140 shares authorized; no shares issued or outstanding
Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding and Series A convertible preferred stock, par value $100 per share; 140 shares authorized; no shares issued or outstanding