| SCHEDULE OF CHANGES IN NONCONTROLLING INTEREST |
Noncontrolling
interest represents Wistar’s equity ownership in Certainty and is presented as a component of equity. The following table sets
forth the changes in noncontrolling interest for the two years ended October 31, 2021:
SCHEDULE
OF CHANGES IN NONCONTROLLING INTEREST
| Balance
October 31, 2019 |
|
$ |
(422,975 |
) |
| Net
loss attributable to noncontrolling interest |
|
|
(74,008 |
) |
| Balance
October 31, 2020 |
|
|
(496,983 |
) |
| Net
loss attributable to noncontrolling interest |
|
|
(173,523 |
) |
| Balance
October 31, 2021 |
|
$ |
(670,506 |
) |
|
| SCHEDULE OF HIERARCHY OF FINANCIAL ASSETS |
The
following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2021:
SCHEDULE
OF HIERARCHY OF FINANCIAL ASSETS
| |
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
|
Total |
|
| Money
market funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash
and cash equivalents |
|
$ |
28,948,976 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
28,948,976 |
|
| Certificates
of deposit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short
term investments |
|
|
- |
|
|
|
2,000,000 |
|
|
|
- |
|
|
|
2,000,000 |
|
| Cash
and cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
| U.
S. treasury bills: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short
term investments |
|
|
- |
|
|
|
4,599,595 |
|
|
|
- |
|
|
|
4,599,595 |
|
| Total
financial assets |
|
$ |
28,948,976 |
|
|
$ |
6,599,599 |
|
|
$ |
- |
|
|
$ |
35,548,571 |
|
ANIXA
BIOSCIENCES, INC. AND SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
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 |
|
|
| SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS USED IN ESTIMATING FAIR VALUE OF STOCK OPTIONS |
The
following weighted average assumptions were used in estimating the fair value of stock options granted during the years ended October
31, 2021 and 2020:
SCHEDULE
OF WEIGHTED AVERAGE ASSUMPTIONS USED IN ESTIMATING FAIR VALUE OF STOCK OPTIONS
| |
|
For
the Year Ended October 31, |
|
| |
|
2021 |
|
|
2020 |
|
| Weighted
average fair value at grant date |
|
$ |
2.93 |
|
|
$ |
2.97 |
|
| Valuation
assumptions: |
|
|
|
|
|
|
|
|
| Expected
life (years) |
|
|
5.66 |
|
|
|
5.86 |
|
| Expected
volatility |
|
|
109.02 |
% |
|
|
114.22 |
% |
| Risk-free
interest rate |
|
|
0.69 |
% |
|
|
1.45 |
% |
| Expected
dividend yield |
|
|
0 |
% |
|
|
0 |
% |
|