Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Apr. 30, 2021

The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of April 30, 2021:

	Level 1		Level 2		Level 3		Total
Money market funds:
Cash and cash equivalents	$	27,038,700	$	-	$	-	$	27,038,700
Certificates of deposit:
Cash and cash equivalents		500,000		-		-		500,000
Short-term investments		-		2,000,000		-		2,000,000
Treasury bills and bonds:
Short-term investments		-		8,399,300		-		8,399,300

Total financial assets	$	27,538,700	$	10,399,300	$	-	$	37,938,000

The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2020:

	Level 1		Level 2		Level 3		Total
Money market funds:
Cash and cash equivalents	$	3,902,292	$	-	$	-	$	3,902,292
Certificates of deposit:
Cash and cash equivalents		2,250,000		-		-		2,250,000
Short-term investments		-		2,640,000		-		2,640,000

Total financial assets	$	6,152,292	$	2,640,000	$	-	$	8,792,292

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details