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STOCK BASED COMPENSATION (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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| STOCK BASED COMPENSATION (Tables) [Line Items] |
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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%
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109%
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Risk-free interest rate
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.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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2003 Share Plan [Member]
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| STOCK BASED COMPENSATION (Tables) [Line Items] |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Weighted
Average Exercise
Price Per Share
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Aggregate
Intrinsic
Value
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Shares
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Options Outstanding at October 31, 2013
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15,638,845
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$0.72
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Exercised
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(265,000)
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$0.145
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Forfeited
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(1,389,075)
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$0.63
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Options Outstanding and exercisable at July 31, 2014
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13,984,770
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$0.74
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$181,000
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Current Weighted
Average Exercise
Price Per Share
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Aggregate
Intrinsic Value
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Options Outstanding at October 31, 2011
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17,552,045
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$0.81
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Granted
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60,000
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$0.07
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Forfeited
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(195,000)
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$0.89
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Cancelled
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(1,067,000)
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$0.86
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Options Outstanding and Exercisable at October 31, 2012
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16,350,045
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$0.72
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Exercised
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(130,000)
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$0.18
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Forfeited
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(581,200)
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$0.74
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Options Outstanding and Exercisable at October 31, 2013
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15,638,845
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$0.72
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$ 95,000
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Weighted
Average Exercise
Price Per Share
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Aggregate Intrinsic Value
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Options Outstanding at October 31, 2011
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1,050,000
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$0.31
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Granted
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3,060,000
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$0.19
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Exercised
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(1,290,000)
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$0.16
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Options Outstanding at October 31, 2012
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2,820,000
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$0.25
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Granted
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180,000
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$0.20
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Exercised
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(16,000)
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$0.16
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Options Outstanding at October 31, 2013
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2,984,000
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$0.245
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$ 16,290
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Options Exercisable at October 31, 2013
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2,257,750
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$0.254
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$ 16,290
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| Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] |
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Weighted Average
Remaining
Contractual Life
(in years)
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Weighted
Average
Exercise Price
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Range of
Exercise Prices
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Number
Outstanding
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$0.07 - $0.37
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1,595,000
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2.64
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$0.15
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$0.43 - $0.70
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4,684,770
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1.43
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$0.62
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$0.74 - $0.92
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5,450,000
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2.35
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$0.86
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$1.04 - $1.46
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2,255,000
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1.49
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$1.10
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2010 Share Plan [Member]
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| STOCK BASED COMPENSATION (Tables) [Line Items] |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Weighted
Average Exercise
Price Per share
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Aggregate
Intrinsic
Value
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Shares
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Options Outstanding at October 31, 2013
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2,984,000
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$
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0.25
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Granted
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13,010,000
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$
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0.22
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Exercised
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(80,000)
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$
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0.16
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Options Outstanding at July 31, 2014
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15,914,000
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$
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0.23
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$
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612,000
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Options Exercisable at July 31, 2014
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5,016,222
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$
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0.23
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$
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229,000
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| Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] |
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Options Outstanding
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Options Exercisable
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Weighted
Average
Remaining
Contractual Life
(in years)
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Weighted
Average
Remaining
Contractual
Life (in years)
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Weighted
Average
Exercise Price
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Weighted
Average
Exercise Price
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Range of
Exercise Prices
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Number
Outstanding
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Number
Exercisable
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0
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$0.12 - $0.37
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15,914,000
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8.62
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$0.23
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5,016,222
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6.63
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$0.23
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Stock Options Not Granted Under 2003 Share Plan or 2010 Share Plan [Member]
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| STOCK BASED COMPENSATION (Tables) [Line Items] |
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| Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] |
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Options Outstanding
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Options Exercisable
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Weighted
Average
Remaining
Contractual Life
(in years)
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Weighted
Average
Remaining
Contractual Life
(in years)
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Weighted
Average
Exercise Price
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Weighted
Average
Exercise Price
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Range of
Exercise Prices
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Number
Outstanding
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Number
Exercisable
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0
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$0.195-$0.235
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44,500,000
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8.16
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$0.22
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27,439,614
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8.17
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$0.22
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