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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
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9 Months Ended |
12 Months Ended |
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Jul. 31, 2014
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Oct. 31, 2013
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| Accounting Policies [Abstract] |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
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Level 1
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Level 2
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Level 3
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Total
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Money market funds – Cash
and cash equivalents
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$ 898,172
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$ -
|
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$ -
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$ 898,172
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Videocon Industries Limited
global depository receipts
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4,197,341
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|
-
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|
-
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4,197,341
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Total financial assets
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$5,095,513
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$ -
|
|
$ -
|
|
$5,095,513
|
|
|
Level 1
|
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Level 2
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|
Level 3
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|
Total
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Money market funds – Cash
and cash equivalents
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$ 339,693
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$ -
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$ -
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$ 339,693
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Certificates of deposit–
Short-term investments
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500,000
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|
-
|
|
-
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|
500,000
|
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Videocon Industries Limited
global depository receipts
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4,728,367
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|
-
|
|
-
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4,728,367
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Total financial assets
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$5,568,060
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$ -
|
|
$ -
|
|
$5,568,060
|
|
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Level 1
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Level 2
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Level 3
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Total
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Derivative liability
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$ -
|
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$ -
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$ 540,000
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$ 540,000
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| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
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For the Nine Months Ended July 31, 2014
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Derivative liability:
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|
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Beginning balance
|
|
|
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$
|
540,000
|
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Aggregate fair value of bifurcated conversion feature issued
|
|
|
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1,570,000
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Change in fair value of bifurcated conversion feature
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|
|
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1,460,704
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Fair value of bifurcated conversion features related to the extinguishment of debt
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|
|
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(1,670,704)
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Ending balance
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|
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$
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1,900.000
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Fair value of patent acquisition obligation:
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Beginning balance
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|
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$
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-
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Initial fair value, discounted to present value
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|
|
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2,850,511
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Amortized interest on patent obligation
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|
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286,002
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Ending balance
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|
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$
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3,136,513
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|
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For the Year Ending October 31, 2013
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Beginning balance
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$ -
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Fair value of bifurcated conversion feature issued
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1,180,000
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Change in fair value of bifurcated conversion feature
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(475,189)
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Reduction in value of bifurcated conversion feature upon
Conversion of debenture
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(164,811)
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Ending balance
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$ 540,000
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
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For the
Three Months
Ended July 31,
2014
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For the Nine Months
Ended July 31,
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2014
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|
2013
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Weighted average fair value at grant date
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$0.22
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$0.17
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$0.25
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Valuation assumptions:
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Expected life (years)
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5.79
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5.26
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5.98
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Expected volatility
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115.4%
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116.5%
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115.1%
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Risk-free interest rate
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1.82%
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0.73%
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1.93%
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Expected dividend yield
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0
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0
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0
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For the Year
Ended October 31,
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Weighted average fair value at grant date
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$0.17
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$0.18
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Valuation assumptions:
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Expected life ( years)
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5.26
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5.75
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Expected volatility
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116.5%
|
109%
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Risk-free interest rate
|
.73%
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1.16%
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Expected dividend yield
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0
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0
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