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

CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jul. 31, 2014
Oct. 31, 2013
Oct. 31, 2012
Current assets:      
Cash and cash equivalents $ 3,651,564 $ 898,172 $ 339,693
Short–term investments in certificates of deposit 2,550,000   500,000
Accounts receivable 133,333 175,000  
Prepaid expenses and other current assets 100,580 160,646 82,326
Total current assets 6,435,477 1,233,818 922,019
Investment in Videocon Industries Limited global depository receipts, at fair value 4,150,970 4,197,341 4,728,367
Patents, net of accumulated amortization of $233,129 2,802,982    
Property and equipment, net of accumulated depreciation of $47,925, $45,654 and $2,185,525, as on July 31,2014, October 31, 2013 and October 31, 2012 respectively. 9,906 8,379 10,290
Total assets 13,399,335 5,439,538 5,660,676
Current liabilities:      
Accounts payable and accrued expenses 1,304,571 1,276,470 635,139
Royalties and contingent legal fees payable 152,400 207,743  
Derivative liability, at fair value 1,900,000 540,000  
Loan payable to related party 5,000,000    
Deferred revenue, nonrefundable development and license fee   1,187,320 1,187,320
Total current liabilities 8,356,971 3,211,533 1,822,459
Contingencies      
Convertible debentures 1,756,142 548,598 32,273
Patent acquisition obligation 3,136,513    
Loan payable to related party    5,000,000 5,000,000
Total liabilities 13,249,626 8,760,131 6,854,732
Shareholders’ equity:      
Preferred stock       
Common stock, par value $.01 per share; 600,000,000, 240,000,000 shares authorized; 236,822,190, 219,342,190, 209,276,745, 184,979,037 shares issued and outstanding at July 31, 2014, July 31, 2014 pro forma, October 31, 2013 and October 31, 2012 respectively 2,368,222 2,092,767 1,849,790
Additional paid-in capital 144,444,136 134,750,048 127,693,160
Loan receivable from related party (5,000,000) (5,000,000) (5,000,000)
Accumulated deficit (141,616,278) (135,163,408) (125,083,322)
Accumulated other comprehensive loss (46,371)   (653,684)
Total shareholders’ equity 149,709 (3,320,593) (1,194,056)
Total liabilities and shareholders’ deficiency 13,399,335 5,439,538 5,660,676
Series A Preferred Stock [Member] | Preferred Stock [Member] | Pro Forma [Member]
      
Shareholders’ equity:      
Preferred stock 350,000    
Preferred Stock [Member] | Pro Forma [Member]
      
Shareholders’ equity:      
Preferred stock       
Preferred Stock [Member]
      
Shareholders’ equity:      
Preferred stock       
Pro Forma [Member] | Convertible Debenture Due September 2016 [Member]
      
Contingencies      
Convertible debentures       
Pro Forma [Member] | Convertible Debenture Due January 2015 [Member]
      
Contingencies      
Convertible debentures       
Pro Forma [Member]
      
Current assets:      
Cash and cash equivalents 3,651,564    
Short–term investments in certificates of deposit 2,550,000    
Accounts receivable 133,333    
Prepaid expenses and other current assets 100,580    
Total current assets 6,435,477    
Patents, net of accumulated amortization of $233,129 2,802,982    
Property and equipment, net of accumulated depreciation of $47,925, $45,654 and $2,185,525, as on July 31,2014, October 31, 2013 and October 31, 2012 respectively. 9,906    
Total assets 9,248,365    
Current liabilities:      
Accounts payable and accrued expenses 1,153,488    
Royalties and contingent legal fees payable 152,400    
Derivative liability, at fair value       
Loan payable to related party       
Deferred revenue, nonrefundable development and license fee       
Total current liabilities 1,305,888    
Contingencies      
Convertible debentures       
Patent acquisition obligation 3,136,513    
Loan payable to related party       
Total liabilities 4,442,401    
Shareholders’ equity:      
Preferred stock 350,000    
Common stock, par value $.01 per share; 600,000,000, 240,000,000 shares authorized; 236,822,190, 219,342,190, 209,276,745, 184,979,037 shares issued and outstanding at July 31, 2014, July 31, 2014 pro forma, October 31, 2013 and October 31, 2012 respectively 2,193,422    
Additional paid-in capital 144,989,691    
Loan receivable from related party       
Accumulated deficit (142,727,149)    
Accumulated other comprehensive loss       
Total shareholders’ equity 4,805,964    
Total liabilities and shareholders’ deficiency 9,248,365    
Convertible Debenture Due September 2016 [Member]
      
Contingencies      
Convertible debentures      32,273
Convertible Debenture Due November 2016 [Member]
      
Contingencies      
Convertible debentures 1,756,142    
Convertible Debenture Due January 2015 [Member]
      
Contingencies      
Convertible debentures   $ 548,598