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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 9 Months Ended | 12 Months Ended | |||
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Jul. 31, 2014
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Jul. 31, 2013
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Jul. 31, 2014
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Jul. 31, 2013
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Oct. 31, 2013
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Oct. 31, 2012
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| Revenue: | ||||||
| Revenue from patent assertion activities | $ 1,105,000 | $ 388,850 | ||||
| Display technology development and license fees | 1,187,320 | 0 | 1,187,320 | 0 | 0 | 940,010 |
| Total revenue | 1,187,320 | 2,292,320 | 388,850 | 940,010 | ||
| Operating costs and expenses: | ||||||
| Inventor royalties and contingent legal fees | 465,095 | 207,743 | ||||
| Litigation and licensing expenses | 162,520 | 15,205 | 266,537 | 21,955 | 108,915 | |
| Amortization of patents | 81,289 | 0 | 233,129 | 0 | 0 | 0 |
| Research and development expenses (including non-cash stock option compensation expense of $233,233) | 2,211,506 | |||||
| Marketing, general and administrative expenses (including non-cash stock option compensation expense of $469,481, $1,237,838, $2,346,587 $2,692,798, $3,798,139 and $492,032, respectively) | 1,103,094 | 2,203,400 | 4,807,154 | 6,120,474 | 7,989,846 | 2,863,060 |
| Total operating costs and expenses | 1,346,903 | 2,218,605 | 5,771,915 | 6,142,429 | 8,306,504 | 5,074,566 |
| Loss from operations | (159,583) | (2,218,605) | (3,479,595) | (6,142,429) | (7,917,654) | (4,134,556) |
| Impairment in value of Videocon Industries Limited global depository receipts | (1,184,710) | |||||
| Impairment in value of investment in Volga–Svet Ltd. | (127,500) | |||||
| Change in value of derivative liability | 850,000 | 105,189 | (1,460,704) | 315,189 | 475,189 | |
| Loss on extinguishment of debt | (343,517) | (482,915) | (343,517) | (343,517) | ||
| Interest expense | (280,913) | (125,035) | (1,082,041) | (982,688) | (1,109,519) | (7,664) |
| Dividend income | 47,568 | 13,463 | ||||
| Interest income | 1,497 | 76 | 4,817 | 113 | 125 | 3,458 |
| Income (loss) before income taxes | 411,001 | (2,581,892) | (6,452,870) | (7,153,332) | (10,080,086) | (4,252,799) |
| Provision for income taxes | ||||||
| Net income (loss) | $ 411,001 | $ (2,581,892) | $ (6,452,870) | $ (7,153,332) | $ (10,080,086) | $ (4,252,799) |
| Net loss per share: | ||||||
| Basic and diluted (in Dollars per share) | $ 0.00 | $ (0.01) | $ (0.03) | $ (0.04) | $ (0.05) | $ (0.02) |
| Weighted average common shares outstanding: | ||||||
| Basic and diluted (in Shares) | 223,251,755 | 201,965,186 | 215,496,115 | 192,889,045 | 196,645,962 | 181,677,334 |
| X | ||||||||||
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- Definition
Litigation and licensing expenses. No definition available.
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| X | ||||||||||
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- Definition
Amount of revenue recognized from patent assertion activities. No definition available.
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- Details
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the difference between the gross realized gains and losses realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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| X | ||||||||||
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- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue from multiple-deliverable arrangements that include licensing fees and services revenue. Licensing revenue is consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Services revenue may be derived by providing other, nonspecified, services during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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