v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2018
Oct. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,591,099 $ 3,339,374
Short-term investments in certificates of deposit 2,750,000 3,500,000
Prepaid expenses and other current assets 378,487 174,566
Total current assets 5,719,586 7,013,940
Patents, net of accumulated amortization of $1,534,308 and $1,290,336, respectively 1,501,803 1,745,775
Property and equipment, net of accumulated depreciation of $47,779 and $35,725, respectively 72,140 52,701
Total assets 7,293,529 8,812,416
Current liabilities:    
Accounts payable 419,410 480,324
Accrued expenses 710,057 409,169
Total current liabilities 1,129,467 889,493
Commitments and contingencies (Note 11)
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; no shares issued or outstanding
Common stock, par value $.01 per share; 48,000,000 and 24,000,000 shares authorized, respectively; 18,696,146 and 16,602,759 shares issued and outstanding, respectively 186,961 166,028
Additional paid-in capital 171,007,167 163,931,079
Accumulated deficit (164,867,716) (156,174,184)
Total shareholders’ equity 6,326,412 7,922,923
Noncontrolling interest (Note 1) (162,350)
Total equity 6,164,062 7,922,923
Total liabilities and equity 7,293,529 8,812,416
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; no shares issued or outstanding
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; no shares issued or outstanding

Source