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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Oct. 31, 2013
Accounting Policies [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Money market funds – Cash and cash equivalents | $ 898,172 |  | $ - |  | $ - |  | $ 898,172
Videocon Industries Limited global depository receipts | 4,197,341 |  | - |  | - |  | 4,197,341
Total financial assets | $5,095,513 |  | $ - |  | $ - |  | $5,095,513
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Money market funds – Cash and cash equivalents | $ 339,693 |  | $ - |  | $ - |  | $ 339,693
Certificates of deposit– Short-term investments | 500,000 |  | - |  | - |  | 500,000
Videocon Industries Limited global depository receipts | 4,728,367 |  | - |  | - |  | 4,728,367
Total financial assets | $5,568,060 |  | $ - |  | $ - |  | $5,568,060
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Derivative liability | $ - |  | $ - |  | $ 540,000 |  | $ 540,000
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
| For the Year Ending October 31, 2013
Beginning balance | $ -
Fair value of bifurcated conversion feature issued | 1,180,000
Change in fair value of bifurcated conversion feature | (475,189)
Reduction in value of bifurcated conversion feature upon Conversion of debenture | (164,811)
Ending balance | $ 540,000
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
| For the Year Ended October 31,
| 2013 | 2012
Weighted average fair value at grant date | $0.17 | $0.18
Valuation assumptions: |  |
Expected life ( years) | 5.26 | 5.75
Expected volatility | 116.5% | 109%
Risk-free interest rate | .73% | 1.16%
Expected dividend yield | 0 | 0

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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