Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Oct. 31, 2022

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	%