Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.23.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Oct. 31, 2023
Accounting Policies [Abstract]  
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, 2023 (in thousands):

 

Balance October 31, 2021   $ (671 )
Net loss attributable to noncontrolling interest     (176 )
Balance October 31, 2022     (847 )
Net loss attributable to noncontrolling interest     (119 )
Balance October 31, 2023   $ (966 )
SCHEDULE OF FAIR VALUE MEASUREMENTS

The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2023 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
Money market funds:                                
Cash equivalents   $ 778     $ -     $ -     $ 778  
Certificates of deposit:                                
Short term investments     -       720       -       720  
U. S. treasury bills:                                
Short term investments     -       22,209       -       22,209  
Total financial assets   $ 778     $ 22,929     $ -     $ 23,707  

 

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  
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, 2023 and 2022:

 

    For the Year Ended October 31,  
    2023     2022  
Weighted average fair value at grant date   $ 3.29     $ 2.18  
Valuation assumptions:                
Expected life (years)     5.47       5.76  
Expected volatility     100.27 %     102.72 %
Risk-free interest rate     3.87 %     1.99 %
Expected dividend yield     0 %     0 %