v3.6.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jan. 31, 2017
Oct. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,399,954 $ 2,488,323
Short-term investments in certificates of deposit 600,000 750,000
Prepaid expenses and other current assets 68,589 162,069
Total current assets 2,068,543 3,400,392
Patents, net of accumulated amortization of $1,046,365 and $965,040, respectively 1,989,747 2,071,071
Property and equipment, net of accumulated depreciation of $57,455 and $46,950, respectively 160,260 156,644
Total assets 4,218,550 5,628,107
Current liabilities:    
Accounts payable and accrued expenses 723,947 468,756
Secured debenture (Note 6) 3,000,000  
Total current liabilities 3,723,947 468,756
Patent acquisition obligation (Note 10) 4,313,175 4,171,876
Total liabilities 8,037,122 4,640,632
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding and 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 $0.01 per share; 24,000,000 shares authorized; 8,758,050 and 8,752,387 shares issued and outstanding, respectively 87,581 87,524
Additional paid-in capital 148,848,300 152,051,144
Accumulated deficit (152,754,453) (151,165,193)
Total shareholders’ (deficiency) equity (3,818,572) 987,475
Total liabilities and shareholders’ equity 4,218,550 5,628,107
Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding and Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively
Series A Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding and Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively $ 14,000

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