Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Oct. 31, 2022
Accounting Policies [Abstract]  
SCHEDULE OF CHANGES IN NONCONTROLLING INTEREST

Noncontrolling interest represents Wistar’s 5% 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, 2022 (in thousands):

 

Balance October 31, 2020   $ (497 )
Net loss attributable to noncontrolling interest     (174 )
Balance October 31, 2021     (671 )
Net loss attributable to noncontrolling interest     (176 )
Balance October 31, 2022   $ (847 )
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, 2022 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
Money market funds:                                
Cash equivalents   $ 11,175     $ -     $ -     $ 11,175  
Certificates of deposit:                                
Cash equivalents
            1,000               1,000  
Short term investments     -       13,700       -       13,700  
U. S. treasury bills:                                
Short term investments     -       3,627       -       3,627  
Total financial assets   $ 11,175     $ 18,327     $ -     $ 29,502  

 

The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2021 (in thousands):

 

  Level 1     Level 2     Level 3     Total  
Money market funds:                                
Cash equivalents   $ 28,949     $ -     $ -     $ 28,949  
Certificates of deposit:                                
Short term investments     -       2,000       -       2,000  
U. S. treasury bills:                                
Short term investments     -       4,599        -       4,599  
Total financial assets   $ 28,949     $ 6,599     $ -     $ 35,548  
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, 2022 and 2021:

 

    For the Year
Ended October 31,
 
    2022     2021  
Weighted average fair value at grant date Valuation assumptions:   $ 2.18     $ 2.93  
Expected life (years)     5.76       5.66  
Expected volatility     102.72 %     109.02 %
Risk-free interest rate     1.99 %     0.69 %
Expected dividend yield     0 %     0 %