General form of registration statement for all companies including face-amount certificate companies

Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies (Tables)
3 Months Ended 12 Months Ended
Jan. 31, 2013
Oct. 31, 2012
Fair Value, Assets Measured on Recurring Basis [Table Text Block]

   

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash

and cash equivalents

$    1,713,353

 

 

$                  -

 

 

$             -

 

 

$    1,713,353

Videocon Industries Limited

global depository receipts

 

5,730,583

 

 

-

 

 

-

 

 

5,730,583

 

Total financial assets

 

$    7,443,936

 

 

$                  -

 

 

$             -

 

$    7,443,936

 

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash

and cash equivalents

 

$         339,693

 

 

$                  -

 

 

$             -

 

 

$       339,693

U.S. government securities -

Cash and cash equivalents

 

-

 

 

500,000

 

 

-

 

 

500,000

Videocon Industries Limited

global depository receipts

 

4,728,367

 

 

-

 

 

-

 

4,728,367

 

Total financial assets

$      5,068,060

 

 

$       500,000

 

 

$             -

 

$     5,568,060

 

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash

and cash equivalents

$ 339,693

 

$ -

 

$ -

 

$ 339,693

Certificates of deposit–

Short-term investments

 

 

 

500,000

 

 

 

 

500,000

Videocon Industries Limited

global depository receipts

4,728,367

 

 

 

 

4,728,367

 

Total financial assets

 

$5,068,060

 

$ 500,000

 

$ -

 

$5,568,060

 

Level 1

 

Level 2

 

Level 3

 

Total

Money market funds – Cash

and cash equivalents

$ 5,685

 

$ -

 

$ -

 

$ 5,685

U.S. government securities –

Cash and cash equivalents

 

 

599,994

 

 

 

599,994

U.S. government securities and certificates of deposit–

Short-term investments

 

 

2,249,159

 

 

 

2,249,159

Videocon Industries Limited

global depository receipts

5,382,051

 

 

 

 

 

 

5,382,051

Total financial assets

$5,387,736

 

$2,849,153

 

$ -

 

$8,236,889

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

 

For the Three Months

Ended January 31,

 

2013

2012

Weighted average fair value at grant date

$                 .17

$              0.08

Valuation assumptions:

 

 

Expected life ( years)

5.12

1.6

Expected volatility

115.7%

124%

Risk-free interest rate

.58%

.20%

Expected dividend yield

0

0

 

For the fiscal Year Ended       October 31,

 

2012

2011

Weighted average fair value at grant date

$0.18

$0.15

Valuation assumptions:

 

 

Expected term (in years)

5.75

3.3

Expected volatility

109%

107%

Risk-free interest rate

1.16%

0.88%

Expected dividend yield

0

0