v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2017
Oct. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,833,768 $ 2,488,323
Short-term investments in certificates of deposit 4,251,000 750,000
Accounts receivable 221,049
Prepaid expenses and other current assets 140,274 162,069
Total current assets 6,446,091 3,400,392
Patents, net of accumulated amortization of $1,209,013 and $965,040, respectively 1,827,098 2,071,071
Property and equipment, net of accumulated depreciation of $79,046 and $46,950, respectively 141,433 156,644
Total assets 8,414,622 5,628,107
Current liabilities:    
Accounts payable and accrued expenses 926,688 468,756
Secured debenture (Note 7) 2,000,000
Total current liabilities 2,926,688 468,756
Patent acquisition obligation 4,171,876
Total liabilities 2,926,688 4,640,632
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively 14,000
Common stock, par value $.01 per share; 24,000,000 shares authorized;15,120,239 and 8,752,387 shares issued and outstanding, respectively 151,202 87,524
Additional paid-in capital 159,725,096 152,051,144
Accumulated deficit (154,388,364) (151,165,193)
Total shareholders’ equity 5,487,934 987,475
Total liabilities and shareholders’ equity 8,414,622 5,628,107
Series A Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively 14,000
Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively

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