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Shareholders' Deficit
3 Months Ended
Jan. 31, 2012
Shareholders' Deficit and Preferred Stock [Abstract]  
Shareholders' Deficit

Note 10. Shareholders’ Deficit

Changes in shareholders’ deficit

Changes in shareholders’ deficit were as follows for the three months ended January 31, 2012:

 

                         
    Total
Shareholders’
Deficit
    Noncontrolling
interest
    Total
Deficit
 

Balance at October 31, 2011

  $ (13,451   $ (924   $ (14,375

Sale of Common Stock and related fees

    1,188       —         1,188  

Share-based compensation

    541       —         541  

Common stock issued in settlement of prior year bonus obligation

    550       —         550  

Stock issued under benefit plans

    84       —         84  

Preferred dividends – Series B

    (800     —         (800

Effect of foreign currency translation

    (2     —         (2

Net loss

    (5,943     (71     (6,014
   

 

 

   

 

 

   

 

 

 

Balance at January 31, 2012

  $ (17,833   $ (995   $ (18,828
   

 

 

   

 

 

   

 

 

 

 

Common Stock Sales

The Company may sell common stock on the open market from time to time to raise funds in order to pay obligations related to the Company’s outstanding Series I and Series B preferred shares. During the three months ended January 31, 2012, we sold 1,267,438 shares of the Company’s common stock on the open market and raised approximately $1.2 million, net of fees.