|
FAIR VALUE MEASUREMENTS (Tables)
|
9 Months Ended |
12 Months Ended |
|
Jul. 31, 2014
|
Oct. 31, 2013
|
| Fair Value Disclosures [Abstract] |
|
|
| Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds – Cash and cash equivalents
|
$
|
3,651,564
|
|
$
|
-
|
|
$
|
-
|
|
$
|
3,651,564
|
|
Certificates of deposit Short-term investments
|
|
2,550,000
|
|
|
-
|
|
|
-
|
|
|
2,550,000
|
|
Videocon Industries Limited global depository receipts
|
|
4,150,970
|
|
|
-
|
|
|
-
|
|
|
4,150,970
|
|
Total financial assets
|
$
|
10,352,534
|
|
$
|
-
|
|
$
|
-
|
|
$
|
10,352,534
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds – Cash and cash equivalents
|
$
|
898,172
|
|
$
|
-
|
|
$
|
-
|
|
$
|
898,172
|
|
Videocon Industries Limited global depository receipts
|
|
4,197,341
|
|
|
-
|
|
|
-
|
|
|
4,197,341
|
|
Total financial assets
|
$
|
5,095,513
|
|
$
|
-
|
|
$
|
-
|
|
$
|
5,095,513
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] |
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative liability
|
$
|
-
|
|
$
|
-
|
|
$
|
1,900,000
|
|
$
|
1,900,000
|
|
Patent acquisition obligation
|
|
-
|
|
|
-
|
|
|
3,136,513
|
|
|
3,136,513
|
|
|
$
|
-
|
|
$
|
-
|
|
$
|
5,036,513
|
|
$
|
5,036,513
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Derivative Liability
|
$
|
-
|
|
$
|
-
|
|
$
|
540,000
|
|
$
|
540,000
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended July 31, 2014
|
|
Derivative liability:
|
|
|
|
|
|
Beginning balance
|
|
|
|
$
|
540,000
|
|
Aggregate fair value of bifurcated conversion feature issued
|
|
|
|
|
1,570,000
|
|
Change in fair value of bifurcated conversion feature
|
|
|
|
|
1,460,704
|
|
Fair value of bifurcated conversion features related to the extinguishment of debt
|
|
|
|
|
(1,670,704)
|
|
Ending balance
|
|
|
|
$
|
1,900.000
|
|
Fair value of patent acquisition obligation:
|
|
|
|
|
|
|
Beginning balance
|
|
|
|
$
|
-
|
|
Initial fair value, discounted to present value
|
|
|
|
|
2,850,511
|
|
Amortized interest on patent obligation
|
|
|
|
|
286,002
|
|
Ending balance
|
|
|
|
$
|
3,136,513
|
|
|
|
For the Year Ending October 31, 2013
|
|
Beginning balance
|
$ -
|
|
Fair value of bifurcated conversion feature issued
|
1,180,000
|
|
Change in fair value of bifurcated conversion feature
|
(475,189)
|
|
Reduction in value of bifurcated conversion feature upon
Conversion of debenture
|
(164,811)
|
|
Ending balance
|
$ 540,000
|
|