|
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
3 Months Ended |
12 Months Ended |
|
Jan. 31, 2015
|
Oct. 31, 2014
|
| 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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|
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Level 1
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Level 2
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Level 3
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Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds – Cash and cash equivalents
|
$
|
155,964
|
|
$
|
-
|
|
$
|
-
|
|
$
|
155,964
|
|
Certificates of deposit - Short term investments
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$
|
-
|
|
|
2,500,000
|
|
|
-
|
|
|
2,500,000
|
|
Total financial assets
|
$
|
155,964
|
|
$
|
2,500,000
|
|
$
|
-
|
|
$
|
2,655,964
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Money market funds – Cash and cash equivalents
|
$
|
303,670
|
|
$
|
-
|
|
$
|
-
|
|
$
|
303,670
|
|
Videocon Industries Limited global depository receipts
|
|
4,197,341
|
|
|
-
|
|
|
-
|
|
|
4,197,341
|
|
Total financial assets
|
$
|
4,501,011
|
|
$
|
-
|
|
$
|
-
|
|
$
|
4,501,011
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
|
|
|
|
|
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Patent acquisition obligation
|
-
|
|
-
|
|
3,236,281
|
|
3,236,281
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Derivative liability
|
$
|
-
|
|
$
|
-
|
|
$
|
540,000
|
|
$
|
540,000
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|
|
|
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Patent acquisition obligation
|
|
|
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Balance October 31, 2013
|
|
$ -
|
|
Initial fair value, discounted to present value
|
|
2,850,511
|
|
Amortized interest on patent obligation
|
|
385,770
|
|
Balance October 31, 2014
|
|
3,236,281
|
|
Amortized interest on patent obligation
|
|
109,186
|
|
Balance January 31, 2015
|
|
$ 3,345,467
|
|
|
|
For the two years ended October 31,
2014
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Derivative liability:
|
|
|
|
Balance October 31, 2012
|
$
|
-
|
|
Fair value of bifurcated conversion feature issued
|
|
1,180,000
|
|
Change in value of bifurcated conversion feature
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|
(475,189)
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Reduction of bifurcated conversion feature upon conversion of debentures
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|
(164,811)
|
|
Balance October 31, 2013
|
|
540,000
|
|
|
|
|
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Fair value of bifurcated conversion feature issued
|
|
1,570,000
|
|
Change in value of bifurcated conversion feature
|
|
592,945
|
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Reduction of bifurcated conversion feature upon conversion of debentures
|
|
(2,702,945)
|
|
Balance October 31, 2014
|
$
|
-
|
|
|
|
|
|
Patent acquisition obligation:
|
|
|
|
Balance October 31, 2013
|
$
|
-
|
|
Initial fair value, discounted to present value
|
|
2,850,511
|
|
Amortized interest on patent obligation
|
|
385,770
|
|
Balance October 31, 2014
|
$
|
3,236,281
|
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
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|
|
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For the Three Months
Ended January 31,
|
|
|
2015
|
2014
|
|
Weighted average fair value at grant date
|
$0.09
|
$0.17
|
|
Valuation assumptions:
|
|
|
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Expected life ( years)
|
5.30
|
5.69
|
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Expected volatility
|
114.3%
|
115.4%
|
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Risk-free interest rate
|
1.60%
|
1.76%
|
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Expected dividend yield
|
0
|
0
|
|
|
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For the Year
Ended October 31,
|
|
|
|
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2014
|
|
2013
|
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Weighted average fair value at grant date
|
$ 0.23
|
|
$ 0.17
|
|
Valuation assumptions:
|
|
|
|
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Expected life ( years)
|
5.80
|
|
5.26
|
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Expected volatility
|
115.3%
|
|
116.5%
|
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Risk-free interest rate
|
1.82%
|
|
.73%
|
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Expected dividend yield
|
0
|
|
0
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