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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended
--- | ---
Oct. 31, 2016 | Oct. 31, 2015
Revenue: |  |
Revenue from licensing activities | $ 300,000 | $ 255,000
Settlement with AU Optronics Corporation |  | 9,000,000
Total revenue | 300,000 | 9,255,000
Operating costs and expenses: |  |
Inventor royalties and contingent legal fees | 111,192 | 147,670
Litigation and licensing expenses | 106,224 | 3,500,852
Amortization of patents | 325,296 | 325,291
Research and development expenses (including non-cash stock option compensation expenses of $259,930 and $306,584, respectively) | 1,556,459 | 711,391
Marketing, general and administrative expenses (including non-cash stock option compensation expense of $613,631 and $2,369,806, respectively) | 2,709,841 | 5,514,555
Total operating costs and expenses | 4,809,012 | 10,199,759
Loss from operations | (4,509,012) | (944,759)
Interest expense (Note 6) | (519,946) | (451,906)
Interest income | 12,530 | 17,622
Loss before income taxes | (5,016,428) | (1,379,043)
Provision for income taxes (Note 7) |  |
Net loss | $ (5,016,428) | $ (1,379,043)
Net loss per share: |  |
Basic and diluted (in Dollars per share) | $ (0.57) | $ (16)
Weighted average common shares outstanding: |  |
Basic and diluted (in Shares) | 8,739,453 | 8,760,126

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