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  <us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px;&quot;&gt;&lt;br /&gt;1. &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;font style=&quot;text-decoration: underline;&quot;&gt;BUSINESS&amp;nbsp;AND&amp;nbsp;FUNDING&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; CLEAR:left; MARGIN-TOP:0px&quot;&gt;&lt;u&gt;Description of Business&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;As used herein, &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;we,&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;us,&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;our,&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; or &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ITUS&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; means ITUS Corporation and its wholly-owned subsidiaries. &amp;nbsp;From inception through October 2012, our primary operations involved the development of patented technologies in the areas of thin-film displays and encryption. &amp;nbsp;In October of 2012 under the leadership of a new management team, the Company undertook a transformation process to recapitalize the Company, unencumber the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s assets, seek reparations from a previous joint development partner, change the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s name and ticker symbol, relocate the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s headquarters and modernize its systems, and monetize patented technologies developed by the Company, or acquired from third parties. In July of 2015, the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s stock was accepted for listing and began trading on the NASDAQ Capital Market. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In June of 2015, the Company announced the formation of a new subsidiary, Anixa Diagnostics Corporation, to develop non-invasive blood tests for the early detection of solid tumor based cancers. In July of 2015, Anixa entered into a collaborative research agreement &amp;nbsp;with The Wistar Institute, the nation&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s first independent biomedical research institute and a leading National Cancer Institute designated cancer research center, for the purpose of validating Anixa&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s cancer detection methodologies and establishing protocols for identifying certain biomarkers in the blood stream identified by Anixa and associated with solid tumors. In October of 2015, Anixa and Wistar announced very favorable results from initial testing of a small group of breast cancer patients and healthy controls. One hundred percent (100%) of the blood samples tested from breast cancer patients showed the presence of the biomarkers identified by Anixa, and none of the healthy patient blood samples contained the biomarkers. A more extensive clinical study is currently being conducted. &amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Over the next several quarters, we expect Anixa to be the primary focus of the Company. As part of our legacy operations, the Company has outsourced a small development project in connection with one of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s thin-film display technologies, and through certain of its subsidiary companies, the Company remains engaged in limited patent licensing activities in the areas of encryption, and advanced materials. &amp;nbsp;We do not expect these activities to be a significant part of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s ongoing operations.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Over the past several quarters, our revenue has been derived from technology licensing and the sale of patented technologies, including in connection with the settlement of litigation. In addition to Anixa, the Company expects to make investments in and form new companies to develop additional emerging technologies.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;AUO Lawsuit and Settlement&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;On December 29, 2014, the Company and AUO Optronics Corporation (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;AUO&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) entered into a Settlement Agreement (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Settlement Agreement&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) and a Patent Assignment Agreement (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Patent Assignment Agreement&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; and together with the Settlement Agreement, the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Agreements&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) pursuant to which the Company received an aggregate of $9,000,000 from AUO. &amp;nbsp;The Agreements were entered into to resolve a lawsuit filed by the Company against AUO, relating to the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s patented ePaper&amp;reg; Electrophoretic Display, and Nano Field Emission Display (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;nFED&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) technologies.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;&lt;i&gt;Background&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;In May 2011, the Company entered into an Exclusive License Agreement (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;EPD License Agreement&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) and a License Agreement (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Nano Display License Agreement&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) with AUO (together the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;AUO License Agreements&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;Under the EPD License Agreement, the Company provided AUO with an exclusive, non-transferable, worldwide license to its ePaper&amp;reg; Electrophoretic Display (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;EPD&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) patents and technology, in connection with AUO jointly developing EPD products with the Company. &amp;nbsp;Under the Nano Display License Agreement, the Company provided AUO with a non-exclusive, non-transferable, worldwide license to its Nano Field Emission Display patents and technology, in connection with AUO jointly developing nFED products with the Company. &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;On January 28, 2013, the Company terminated the AUO License Agreements due to numerous alleged material and continual breaches of the agreements by AUO. &amp;nbsp;On January 28, 2013, the Company also filed a lawsuit in the United States District Court for the Northern District of California against AUO and E Ink Corporation in connection with the AUO License Agreements, alleging breach of contract, breach of the implied covenant of good faith and fair dealing, fraudulent inducement, unjust enrichment, unfair business practices, and other charges (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;AUO/E Ink Lawsuit&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;In June 2013, the Company and AUO agreed to arbitrate the charges (the case against E Ink Corporation had been dismissed without prejudice) (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;AUO/E Ink Arbitration&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;).&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;&lt;i&gt;The Agreements&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;Pursuant to the Settlement Agreement, AUO paid the Company $2,000,000 in U.S. currency, net of any Taiwanese withholding taxes. The Settlement Agreement further provides that: &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 96px; float: left; margin-top: 0px; text-indent: 72px;&quot;&gt;&lt;font style=&quot;font-size: 10pt; font-family: symbol;&quot; lang=&quot;EN-US&quot;&gt;&amp;#x25cf;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;the Company will dismiss the AUO/E Ink Lawsuit and AUO/E Ink Arbitration, with prejudice;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 96px; float: left; margin-top: 0px; text-indent: 72px;&quot;&gt;&lt;font style=&quot;font-size: 10pt; font-family: symbol;&quot; lang=&quot;EN-US&quot;&gt;&amp;#x25cf;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;the AUO License Agreements are terminated; &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 96px; float: left; margin-top: 0px; text-indent: 72px;&quot;&gt;&lt;font style=&quot;font-size: 10pt; font-family: symbol;&quot; lang=&quot;EN-US&quot;&gt;&amp;#x25cf;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;AUO gives up all rights to the nFED Technology;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 96px; float: left; margin-top: 0px; text-indent: 72px;&quot;&gt;&lt;font style=&quot;font-size: 10pt; font-family: symbol;&quot; lang=&quot;EN-US&quot;&gt;&amp;#x25cf;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;for a period of two years, the Company agrees not to initiate (whether on its own or through a third party) any patent infringement lawsuits against AUO or its affiliates alleging infringement by AUO&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s or AUO&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s affiliates products or services, for patents owned or controlled by the Company as of the date of the Settlement Agreement. &amp;nbsp;Any potential damages for patent infringement will toll uninterrupted during this two year period. The prohibition does not apply to patents acquired by the Company after the date of the Settlement Agreement; and&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 96px; float: left; margin-top: 0px; text-indent: 72px;&quot;&gt;&lt;font style=&quot;font-size: 10pt; font-family: symbol;&quot; lang=&quot;EN-US&quot;&gt;&amp;#x25cf;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;each of AUO and the Company mutually released each other from all claims that either may have against the other in connection with the AUO License Agreements, including any claims relating to the ePaper&amp;reg; Electrophoretic Display and nFED patents and technologies.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;&amp;nbsp;Pursuant to the Patent Assignment Agreement, AUO paid the Company $7,000,000 in U.S. currency, net of any Taiwanese withholding taxes in exchange for the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s ePaper&amp;reg; Electrophoretic Display patent portfolio for which AUO was previously the exclusive licensee, consisting of: &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 96px; float: left; margin-top: 0px; text-indent: 72px;&quot;&gt;&lt;font style=&quot;font-size: 10pt; font-family: symbol;&quot; lang=&quot;EN-US&quot;&gt;&amp;#x25cf;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;10 active U.S. patents and 1 U.S. pending patent application; and&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 96px; float: left; margin-top: 0px; text-indent: 72px;&quot;&gt;&lt;font style=&quot;font-size: 10pt; font-family: symbol;&quot; lang=&quot;EN-US&quot;&gt;&amp;#x25cf;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;103 expired and/or abandoned U.S. and foreign patents and/or patent applications. &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;In connection with the lawsuit and settlement, the Company incurred a total of approximately $3,604,000 of legal fees and litigation costs.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Unwinding of Business Relationship and Interests with Videocon&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;On August 29, 2014, the Company and CopyTele International Ltd., a wholly-owned subsidiary of the Company (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Subsidiary&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), terminated their business relationship (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Business Relationship&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) with Videocon Industries Limited (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Videocon&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) and Mars Overseas Limited, an affiliate of Videocon (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Mars&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; and together with the Company, the Subsidiary and Videocon, the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Parties&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;The Business Relationship began in November 2007 and related to a proposed joint development effort between the Company and Videocon to develop a certain Nano Field Emission Display technology (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Technology&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;In connection with the proposed joint venture, (i) the Company granted a non-transferable, worldwide license to Videocon for the Technology (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;License&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), (ii) the Subsidiary made a $5 million dollar loan to Mars (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Subsidiary Loan&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), (iii) Mars made an identical $5 million dollar loan to the Subsidiary (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Mars Loan&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; and together with the Subsidiary Loan, the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Loans&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), (iv) the Company sold to Mars 800,000 shares of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Shares&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) and (v) Global EPC Ventures Limited sold to the Company 1,495,845 global depository receipts of Videocon (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;GDRs&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). The Shares and GDRs were subsequently used to secure the Loans.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Because Videocon was unable to continue with its joint development responsibilities, the Technology was not jointly developed by the Parties. Accordingly, the Company and Videocon agreed to terminate the Business Relationship. In order to terminate the Business Relationship, the Parties entered into several agreements whereby: (i) the License was terminated, (ii) both of the Loans were canceled and (iii) the Shares and GDRs were exchanged for each other (collectively, the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Termination Transactions&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). The result of these Termination Transactions was to undo the initial transactions between the Parties that set forth the Business Relationship. Aside from this business relationship there is no other material relationship between the Parties. &amp;nbsp;In accounting for the unwinding of this business relationship, the Company offset the two loans and then recorded its repurchased shares of common stock at the then current fair value of the GDRs and then retired and cancelled those shares.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot;&gt;&lt;u&gt;Funding&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In November 2013, the Company completed a private placement with a single institutional investor, pursuant to which the Company issued a $3,500,000 principal amount 6% convertible debenture due November 11, 2016. &amp;nbsp;On September 9, 2014, the Company and the holder of the Convertible Debenture agreed to a transaction resulting in the conversion of the principal and accrued interest of the Convertible Debenture into 739,958 shares of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock, and the concurrent conversion of 639,159 of such shares of common stock into 3,500 shares of Series A Convertible Preferred Stock. &amp;nbsp;For further details of this transaction see Note 5 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Convertible Debentures&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; herein.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In July 2014, the Company completed the sale of 640,000 shares of its common stock at the offering price of $6.25 per share. &amp;nbsp;The net proceeds from this sale totaled approximately $3,673,000. &amp;nbsp;See Note 6, &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Shareholders&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt; Equity &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Sale of Common Stock&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; for additional information regarding this transaction.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In October 2015, the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Company entered into an At Market Issuance Sales Agreement (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Agreement&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) with National Securities Corporation (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;National&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) to create an at-the-market equity program under which it may sell up to $10,000,000 worth of its common stock (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Shares&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) from time to time through National, as sales agent. The Company has no obligation to sell any of the Shares, and may at any time suspend offers under the Agreement or terminate the Agreement. The Shares will be issued pursuant to the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s previously filed registration statement that was declared effective by the Securities and Exchange Commission (the &quot;SEC&quot;) on September 18, 2015. As of October 31, 2015, no Shares have been sold under the Agreement.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;During the year ended October 31, 2015, cash provided by operating activities was approximately $1,363,000.&amp;nbsp; Cash provided by investing activities was approximately $45,000, which resulted from the proceeds on maturity&amp;nbsp;of certificates of deposit totaling $3,000,000 which was offset by the purchase of certificates of deposit totaling $2,900,000 and the purchase of property and equipment of approximately $55,000.&amp;nbsp; Our cash used in financing activities was approximately $401,000, which resulted from approximately $445,000 for the repurchase of 92,232 shares of our common stock and the cancellation of warrants to purchase 16,000 shares of our common stock, offset by the proceeds from exercise of stock options of approximately $45,000. &amp;nbsp;As a result, our cash, cash equivalents, and short-term investments at October 31, 2015 increased approximately $908,000 to approximately $6,769,000 from approximately $5,861,000 at the end of fiscal year 2014.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;Based on currently available information as of December 21, 2015, we believe that our existing cash, cash equivalents, short-term investments and expected cash flows will be sufficient to enable us to continue our business activities for at least 12 months.&amp;nbsp; However, our projections of future cash needs and cash flows may differ from actual results. If current cash on hand, cash equivalents, short term investments and cash that may be generated from our business operations are insufficient to satisfy our liquidity requirements, we may seek to sell equity securities or obtain loans from various financial institutions where possible.&amp;nbsp; The sale of additional equity securities or convertible debt could result in dilution to our stockholders. Additionally, the sale of equity securities or issuance of debt securities may be subject to certain security holder approvals or may result in the downward adjustment of the exercise or conversion price of our outstanding securities. We can give no assurance that we will generate sufficient cash flows in the future to satisfy our liquidity requirements or sustain future operations, or that other sources of funding, such as sales of equity or debt, would be available or would be approved by our security holders, if needed, on favorable terms or at all.&amp;nbsp; If we cannot obtain such funding if needed or if we cannot sufficiently reduce operating expenses, we would need to curtail or cease some or all of our operations.&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;</us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock>
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  <us-gaap:CashCashEquivalentsAndShortTermInvestments unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">6769000</us-gaap:CashCashEquivalentsAndShortTermInvestments>
  <us-gaap:CashCashEquivalentsAndShortTermInvestments unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">5861000</us-gaap:CashCashEquivalentsAndShortTermInvestments>
  <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px;&quot;&gt;&lt;br /&gt;2. &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;font style=&quot;text-decoration: underline;&quot;&gt;SUMMARY&amp;nbsp;OF&amp;nbsp;SIGNIFICANT&amp;nbsp;ACCOUNTING&amp;nbsp;POLICIES&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; CLEAR:left; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Basis of Presentation&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The consolidated financial statements include the accounts of ITUS Corporation and its wholly owned subsidiaries. &amp;nbsp;All intercompany transactions have been eliminated.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&lt;u&gt;Revenue Recognition&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Revenue is recognized when (i) persuasive evidence of an arrangement exists, (ii) all obligations have been substantially performed pursuant to the terms of the arrangement, (iii) amounts are fixed or determinable, and (iv) the collectability of amounts is reasonably assured.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Patent Licensing&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In certain instances, our past revenue arrangements have provided for the payment of contractually determined fees in settlement of litigation and in consideration for the grant of certain intellectual property rights for patented technologies owned or controlled by the Company.&amp;nbsp;&amp;nbsp;These arrangements typically include some combination of the following:&amp;nbsp;&amp;nbsp;(i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies owned or controlled by the Company, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation.&amp;nbsp;&amp;nbsp;In such instances, the intellectual property rights granted have been perpetual in nature, extending until the expiration of the related patents.&amp;nbsp;&amp;nbsp;Pursuant to the terms of these agreements, we had no further obligations. &amp;nbsp;&amp;nbsp;As such, the earnings process was complete and revenue has been recognized upon the execution of the agreement, when collectability was reasonably assured, and when all other revenue recognition criteria were met.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Display Technology Development and License Fees&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;&lt;font&gt;We assessed the revenue guidance of Accounting Standards Codification (&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;ASC&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;) 605-25 &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Multiple-Element Arrangements&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt; (&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;ASC 605-25&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;) to determine whether&amp;nbsp;multiple deliverables in our arrangements with AUO represent separate units of accounting.&amp;nbsp; Under the AUO License Agreements, we&amp;nbsp;received initial development and&amp;nbsp;license fees of $3 million, of aggregate development and license fees of up to $10 million.&amp;nbsp; The additional $7 million in development and license fees were to be payable upon completion of certain conditions for the respective technologies.&amp;nbsp; We determined that the transfer of the licensed patents and technology and the effort involved in completion of the conditions for the respective technologies represent a single unit of accounting for each technology.&amp;nbsp; Accordingly, using a proportional performance method, during the third quarter of fiscal year 2011 we began recognizing the $3 million initial development and license fees over the estimated periods that we expected to complete the conditions for the respective&amp;nbsp;technologies. Each of the license agreements also provided for the basis for royalty payments on future production, if any, by AUO to the Company, which we have determined represent separate units of accounting.&amp;nbsp;&amp;nbsp;We did not recognize any portion of the $7 million of additional development and license fees or any royalty income under the AUO License Agreements. &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;&lt;font&gt;As a result of the AUO/E Ink Lawsuit described above we did not record any display technology development and license fee revenue during the period from the fourth quarter of fiscal 2012 through the second quarter of fiscal year 2014 due to uncertainty as to our remaining performance obligations, if any. &amp;nbsp;Based on our assessment performed for the third quarter of fiscal 2014, we determined that we have no further performance obligations under the AUO License Agreements and accordingly we recognized display technology development and license fee revenue of approximately $1,187,000, representing the balance of the initial $3 million payment received from AUO.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;&lt;font&gt;On December 29, 2014, we settled our lawsuit against AUO and received gross proceeds of $9 million which was recognized as revenue in the first quarter of fiscal 2015 (see Note 1 &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Business and Funding &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x2013;&lt;/font&gt; Description of Business - AUO Lawsuit and Settlement &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;).&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Inventor Royalties and Contingent Legal Fees&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Inventor royalties and contingent legal fees are expensed in the consolidated statements of operations in the period that the related revenues are recognized.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Anixa Development Expenses&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Anixa development expenses are expensed in the consolidated statements of operations in the period incurred.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Fair Value Measurements&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;ASC 820 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Fair Value Measurements and Disclosures&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 820&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) defines fair value, establishes a framework for measuring fair value under GAAP, and expands disclosures about fair value measurements. &amp;nbsp;In accordance with ASC 820, we have categorized our financial assets and liabilities, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy as set forth below. &amp;nbsp;If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Financial assets and liabilities recorded in the accompanying consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows:&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Level 1 - Financial instruments whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market which we have the ability to access at the measurement date.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Level 2 - Financial instruments whose values are based on quoted market prices in markets where trading occurs infrequently or whose values are based on quoted prices of instruments with similar attributes in active markets. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Level 3 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Financial instruments whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. &amp;nbsp;These inputs reflect management&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s own assumptions about the assumptions a market participant would use in pricing the instrument. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2015:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Money market funds &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x2013;&lt;/font&gt; Cash &amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;and cash equivalents&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 4px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Certificates of deposit -&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Short term investments&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2,400,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;2,400,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;justify&quot;&gt;Total financial assets&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;$ 2,400,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,867,967&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2014:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;192&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;90&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;18&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;84&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;18&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;77&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;15&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;104&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;192&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;192&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Money market funds &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Cash &amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;and cash equivalents&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;- &lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;192&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Certificates of deposit -&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Short term investments&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2,500,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;2,500,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;192&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Total financial assets&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,500,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,655,964&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table presents the hierarchy for our financial liabilities measured at fair value on the transaction date and then adjusted for the subsequent accretion of interest, as of October 31, 2015:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;228&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;28&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;87&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;54&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;51&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;100&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;Patent acquisition obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,688,187&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,688,187&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;The following table presents the hierarchy for our financial liabilities measured at fair value on the transaction date and then adjusted for the subsequent accretion of interest, as of October 31, 2014:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;228&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;28&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;87&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;54&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;51&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;100&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;Patent acquisition obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,236,281&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,236,281&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table sets forth a summary of the changes in the fair value of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s Level 3 financial liabilities that are measured at fair value on a recurring basis:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;485&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;center&quot;&gt;For the two &lt;br /&gt;years ended &lt;br /&gt;October 31, &lt;br /&gt;2015&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Patent acquisition obligation:&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Initial fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,850,511&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;485&quot; height=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Accretion of interest on patent obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;/td&gt;
     &lt;td width=&quot;109&quot; height=&quot;8&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;385,770&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2014&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;3,236,281&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Accretion of interest on patent obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;451,906&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 3px double&quot;&gt;&lt;font size=&quot;3&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;3,688,187&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Our non-financial assets that are measured on a non-recurring basis include our property and equipment which are measured using fair value techniques whenever events or changes in circumstances indicate a condition of impairment exists. &amp;nbsp;The estimated fair value of prepaid expenses, accounts payable and accrued expenses approximates their individual carrying amounts due to the short term nature of these measurements. &amp;nbsp;Cash and cash equivalents are stated at carrying value which approximates fair value.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-BOTTOM:0px; MARGIN:0px; TEXT-INDENT:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Cash and Cash Equivalents&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Cash equivalents consists of highly liquid, short term investments with original maturities of three months or less when purchased.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Short-term Investments&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;At October 31, 2015 and 2014, we had certificates of deposit with maturities greater than 90 days when acquired of $2,400,000 and $2,500,000, respectively, that were classified as short-term investments and reported at fair value. &amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Patents&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Our only identifiable intangible assets are patents and patent rights. &amp;nbsp;We capitalize patent and patent rights acquisition costs and amortize the cost over the estimated economic useful life. &amp;nbsp;Patent acquisition costs capitalized during the years ended October 31, 2015 and 2014, was approximately $-0- and $3,036,000, respectively. &amp;nbsp;We recorded patent amortization expense of approximately $325,000 and $314,000 during the years ended October 31, 2015 and 2014, respectively.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Investment Securities&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We classify our investment securities as available-for-sale. &amp;nbsp;Available-for-sale securities are recorded at fair value. &amp;nbsp;Unrealized gains and losses, net of the related tax effect, on available-for-sale securities are excluded from earnings and are reported as a component of accumulated other comprehensive income (loss) until realized. &amp;nbsp;Realized gains and losses from the sale of available-for-sale securities are determined on a specific identification basis. &amp;nbsp;Dividend and interest income are recognized when earned.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We monitor the value of our investments for indicators of impairment, including changes in market conditions and the operating results of the underlying investment that may result in the inability to recover the carrying value of the investment. &amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Convertible Instruments&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company accounts for hybrid contracts that feature conversion options in accordance with applicable generally accepted accounting principles (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;GAAP&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;).&amp;nbsp; ASC &amp;nbsp;815 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Derivatives and Hedging Activities,&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 815&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria includes circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b)&amp;nbsp;the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c)&amp;nbsp;a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Conversion options that contain variable settlement features such as provisions to adjust the conversion price upon subsequent issuances of equity or equity linked securities at exercise prices more favorable than that featured in the hybrid contract generally result in their bifurcation from the host instrument.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company accounts for convertible instruments, when the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, in accordance with ASC 470-20 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Debt with Conversion and Other Options&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 470-20&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). Under ASC 470-20, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. The Company accounts for convertible instruments (when the Company has determined that the embedded conversion options should be bifurcated from their host instruments) in accordance with ASC 815.&amp;nbsp;&amp;nbsp;Under ASC 815, a portion of the proceeds received upon the issuance of the hybrid contract are allocated to the fair value of the derivative. The derivative is subsequently marked to market at each reporting date based on current fair value, with the changes in fair value reported in results of operations.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The conversion features of the convertible debentures issued in January 2013 and November 2013 qualified as embedded derivative instruments and were bifurcated from the host convertible debentures.&amp;nbsp; Derivative liabilities are initially recorded at fair value and are then re-valued at each reporting date, with changes in fair value recognized in earnings during the reporting period.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Common Stock Purchase Warrants&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company classifies as equity any contracts that (i)&amp;nbsp;require physical settlement or net-share settlement or (ii) provides a choice of net-cash settlement or settlement in the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s own shares (physical settlement or net-share settlement)&amp;nbsp;providing that such contracts are indexed to the Company&apos;s own stock as defined in ASC 815-40 &quot;Contracts in Entity&apos;s Own Equity&quot;. The Company classifies as assets or liabilities any contracts that (i)&amp;nbsp;require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s control) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement).&amp;nbsp;&amp;nbsp;The Company assesses classification of common stock purchase warrants and other free standing derivatives at each reporting date to determine whether a change in classification between assets and liabilities or equity is required.&lt;br /&gt;&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Income Taxes&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We recognize deferred tax assets and liabilities for the estimated future tax effects of events that have been recognized in our financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. &amp;nbsp;A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount expected to be realized.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot;&gt;&lt;u&gt;Stock-Based Compensation&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We maintain stock equity incentive plans under which we may grant non-qualified stock options, incentive stock options, stock appreciation rights, stock awards, performance and performance-based awards, or stock units to employees, non-employee directors and consultants.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Stock Option Compensation Expense&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We account for stock options granted to employees and directors using the accounting guidance in ASC 718 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Stock Compensation&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 718&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;In accordance with ASC 718, we estimate the fair value of service based options and performance based options on the date of grant, using the Black-Scholes pricing model. &amp;nbsp;For options vesting if the trading price of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock achieves a defined target, we use a Monte Carlo simulation in estimating the fair value at grant date. We recognize compensation expense for stock option awards over the requisite or implied service period of the grant. &amp;nbsp;With respect to performance based awards, compensation expense is recognized when the performance target is deemed probable. &amp;nbsp;We recorded stock-based compensation expense, related to stock options granted to employees and directors, of approximately $2,192,000 and $2,128,000, during the years ended October 31, 2015 and 2014, respectively. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Included in stock-based compensation cost for employees and directors during the years ended October 31, 2015 and 2014 was approximately $2,092,781 and $1,426,000, respectively, related to the amortization of compensation cost for stock options granted in prior periods but not yet vested. &amp;nbsp;As of October 31, 2015, there was unrecognized compensation cost related to non-vested stock options granted to employees and directors, related to service based options of approximately $432,000 which will be recognized over a weighted-average period of 1.1 years. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We account for stock options granted to consultants using the accounting guidance included in ASC 505-50 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Equity-Based Payments to Non-Employees&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 505-50&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;In accordance with ASC 505-50, we estimate the fair value of service based stock options and performance based options at each reporting period, using the Black-Scholes pricing model. &amp;nbsp;For options vesting if the trading price of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock achieves a defined target we estimate the fair value at each reporting period using a Monte Carlo simulation. &amp;nbsp;We recognize compensation expense for service based stock options and options subject to market conditions over the requisite or implied service period of the grant. &amp;nbsp;For performance based awards, compensation expense is recognized when the performance target is achieved.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We recorded consulting expense, related to stock options granted to consultants, during the years ended October 31, 2015 and 2014 of approximately $484,000 and $1,022,000, respectively. Stock-based consulting expense for the years ended October 31, 2015 and 2014 includes approximately $484,000 and $964,000, respectively, related to the amortization of compensation cost for stock options granted in prior periods but vested in the current period. As of October 31, 2015, there was no unrecognized consulting expense related to non-vested stock options granted to consultants. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Fair Value Determination&lt;/u&gt; &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We use the Black-Scholes pricing model in estimating the fair value of stock options which vest over a specific period of time or upon achieving performance targets. &amp;nbsp;To determine the weighted average fair value of stock options on the date of grant, employees and directors are included in a single group. &amp;nbsp;The fair value of stock options granted to consultants is determined on an individual basis. &amp;nbsp;The stock options we granted during the year ended October 31, 2015 consisted of awards with 10-year terms that vest over one year, options with 10-year terms that vest over 36 months. The stock options we granted during the year ended October 31, 2014 consisted of awards with 10-year terms that vest over one year, options with 10-year terms that vest over 36 months, options with 5-year terms which vest immediately and options with 10-year terms which vest upon achievement of performance milestones. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following weighted average assumptions were used in estimating the fair value of stock options granted during the years ended October 31, 2015 and 2014: &lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;280&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;78&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;78&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;For the Year &lt;br /&gt;Ended October 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Weighted average fair value at grant date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$3.09&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$5.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Valuation assumptions:&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected life ( years) &lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;5.75&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;5.80&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;117.8%&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;115.3%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;2.01%&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;1.82%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected dividend yield&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;0&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;0&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The expected term of stock options represents the weighted average period the stock options are expected to remain outstanding. &amp;nbsp;We use the simplified method to determine expected term. &amp;nbsp;The simplified method was adopted since we do not believe that historical experience is representative of future performance because of the impact of the changes in our operations and the change in terms from historical options which vested immediately to terms including vesting periods of up to three years. &amp;nbsp;Under the Black-Scholes pricing model, we estimated the expected volatility of our shares of common stock based upon the historical volatility of our share price over a period of time equal to the expected term of the options. &amp;nbsp;We estimated the risk-free interest rate based on the implied yield available on the applicable grant date of a U.S. Treasury note with a term equal to the expected term of the underlying grants. &amp;nbsp;We made the dividend yield assumption based on our history of not paying dividends and our expectation not to pay dividends in the future.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Under ASC 718, the amount of stock-based compensation expense recognized is based on the portion of the awards that are ultimately expected to vest. &amp;nbsp;Accordingly, if deemed necessary, we reduce the fair value of the stock option awards for expected forfeitures, which are forfeitures of the unvested portion of surrendered options. &amp;nbsp;Based on our historical experience and future expectations, we have not reduced the amount of stock-based compensation expenses for anticipated forfeitures.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We will reconsider use of the Black-Scholes pricing model if additional information becomes available in the future that indicates another model would be more appropriate. &amp;nbsp;If factors change and we employ different assumptions in the application of ASC 718 in future periods, the compensation expense that we record under ASC 718 may differ significantly from what we have recorded in the current period.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Net&amp;nbsp;Loss&amp;nbsp;Per&amp;nbsp;Share of Common Stock&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;In accordance with ASC 260, &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Earnings Per Share&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;, basic net loss per common share (&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Basic EPS&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;) is computed by dividing net loss by the weighted average number of common shares outstanding. &amp;nbsp;Diluted net loss per common share (&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Diluted EPS&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;) is computed by dividing net loss by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding. &amp;nbsp;Diluted EPS for all years presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive. &amp;nbsp;For this reason, excluded from the calculation of Diluted EPS for the years ended October 31, 2015 and 2014, were options to purchase 2,672,471 and 3,002,550 shares, respectively, warrants to purchase 1,028,931 shares and 1,044,931 shares, respectively, preferred stock convertible into 739,958 shares.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Use of Estimates&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. &amp;nbsp;Estimates and assumptions are used for, but not limited to, determining stock-based compensation, asset impairment evaluations, tax assets and liabilities, license fee revenue, the allowance for doubtful accounts, depreciation lives and other contingencies. &amp;nbsp;Actual results could differ from those estimates.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&lt;u&gt;Effect of Recently Issued Pronouncements&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In May 2014, the Financial Accounting Standards Board (&quot;FASB&quot;) issued Accounting Standards Update 2014-09 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2014-09&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), Revenue from Contracts with Customers. &amp;nbsp;This amendment updates addressing revenue from contracts with customers, which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under the standard, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. &amp;nbsp;This standard update is effective for&amp;nbsp;interim and annual&amp;nbsp;reporting periods beginning after December 15,&amp;nbsp;2016, and are to be applied retrospectively or the cumulative effect as of the date of adoption, with early application not permitted. &amp;nbsp;In July 2015, a one year deferral of the effective date of the new guidance was approved. We are currently evaluating the impact ASU 2014-09 will have on our consolidated financial statements&amp;nbsp;and related disclosures.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In June 2014, the FASB issued Accounting Standards Update 2014-12 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2014-12&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), Compensation &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Stock Compensation. &amp;nbsp;This amendment requires that a performance target that affects vesting and could be achieved after the requisite service period shall be treated as a performance condition. Adoption of this standard is required for annual periods beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the impact ASU 2014-12 will have on our consolidated financial statements&amp;nbsp;and related disclosures.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In August 2014, the FASB issued Accounting Standards Update 2014-15 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2014-15&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;This amendment requires management to assess an entity&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s ability to continue as a going concern every reporting period including interim periods, and to provide related footnote disclosure in certain circumstances. Adoption of this standard is required for annual periods beginning after December 15, 2016 and are to be applied retrospectively or the cumulative effect as of the date of adoption. We do not expect this update to have a significant impact on our consolidated financial statements.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In April 2015, the FASB issued Accounting Standards Update 2015-03 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2015-03&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) to simplify the presentation of debt issuance costs. This amendment requires debt issuance costs be presented on the balance sheet as a direct reduction from the carrying amount of the debt liability, consistent with debt discounts or premiums. Adoption of this standard is required for interim and annual periods beginning after December 15, 2015 and is to be applied retrospectively. We are currently evaluating the impact ASU 2015-03 will have on our consolidated financial statements&amp;nbsp;and related disclosures.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot;&gt;In November 2015, the FASB issued Accounting Standards Update 2015-17 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2015-17&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) to simplify the presentation of deferred taxes. This amendment requires that all deferred tax assets and liabilities, along with any related valuation allowances, be classified as noncurrent on the balance sheet. &amp;nbsp;Adoption of this standard is required for annual periods beginning after December 15, 2016. We are currently evaluating the impact ASU 2015-17 will have on our consolidated financial statements&amp;nbsp;and related disclosures.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Concentration of Credit Risks&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Financial instruments that potentially subject us to concentrations of credit risk are cash equivalents, short-term investments and accounts receivable. &amp;nbsp;Cash equivalents are primarily highly rated money market funds. Short-term investments are certificates of deposit within federally insured limits. Where applicable, management reviews our accounts receivable and other receivables for potential doubtful accounts and maintains an allowance for estimated uncollectible amounts. Our policy is to write-off uncollectable amounts at the time it is determined that collection will not occur. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Three licensees accounted for 53%, 37% and 10%, respectively, of revenues from patent licensing activities during fiscal year 2015. Four licensees accounted for 22%, 16%, 14% and 10%, respectively, of revenues from patent licensing activities during fiscal year 2014.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; CLEAR:left; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Basis of Presentation&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The consolidated financial statements include the accounts of ITUS Corporation and its wholly owned subsidiaries. &amp;nbsp;All intercompany transactions have been eliminated.&lt;/p&gt;</us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock>
  <us-gaap:RevenueRecognitionPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Revenue Recognition&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Revenue is recognized when (i) persuasive evidence of an arrangement exists, (ii) all obligations have been substantially performed pursuant to the terms of the arrangement, (iii) amounts are fixed or determinable, and (iv) the collectability of amounts is reasonably assured.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Patent Licensing&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In certain instances, our past revenue arrangements have provided for the payment of contractually determined fees in settlement of litigation and in consideration for the grant of certain intellectual property rights for patented technologies owned or controlled by the Company.&amp;nbsp;&amp;nbsp;These arrangements typically include some combination of the following:&amp;nbsp;&amp;nbsp;(i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies owned or controlled by the Company, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation.&amp;nbsp;&amp;nbsp;In such instances, the intellectual property rights granted have been perpetual in nature, extending until the expiration of the related patents.&amp;nbsp;&amp;nbsp;Pursuant to the terms of these agreements, we had no further obligations. &amp;nbsp;&amp;nbsp;As such, the earnings process was complete and revenue has been recognized upon the execution of the agreement, when collectability was reasonably assured, and when all other revenue recognition criteria were met.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Display Technology Development and License Fees&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;&lt;font&gt;We assessed the revenue guidance of Accounting Standards Codification (&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;ASC&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;) 605-25 &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Multiple-Element Arrangements&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt; (&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;ASC 605-25&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;) to determine whether&amp;nbsp;multiple deliverables in our arrangements with AUO represent separate units of accounting.&amp;nbsp; Under the AUO License Agreements, we&amp;nbsp;received initial development and&amp;nbsp;license fees of $3 million, of aggregate development and license fees of up to $10 million.&amp;nbsp; The additional $7 million in development and license fees were to be payable upon completion of certain conditions for the respective technologies.&amp;nbsp; We determined that the transfer of the licensed patents and technology and the effort involved in completion of the conditions for the respective technologies represent a single unit of accounting for each technology.&amp;nbsp; Accordingly, using a proportional performance method, during the third quarter of fiscal year 2011 we began recognizing the $3 million initial development and license fees over the estimated periods that we expected to complete the conditions for the respective&amp;nbsp;technologies. Each of the license agreements also provided for the basis for royalty payments on future production, if any, by AUO to the Company, which we have determined represent separate units of accounting.&amp;nbsp;&amp;nbsp;We did not recognize any portion of the $7 million of additional development and license fees or any royalty income under the AUO License Agreements. &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;&lt;font&gt;As a result of the AUO/E Ink Lawsuit described above we did not record any display technology development and license fee revenue during the period from the fourth quarter of fiscal 2012 through the second quarter of fiscal year 2014 due to uncertainty as to our remaining performance obligations, if any. &amp;nbsp;Based on our assessment performed for the third quarter of fiscal 2014, we determined that we have no further performance obligations under the AUO License Agreements and accordingly we recognized display technology development and license fee revenue of approximately $1,187,000, representing the balance of the initial $3 million payment received from AUO.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;&lt;font&gt;On December 29, 2014, we settled our lawsuit against AUO and received gross proceeds of $9 million which was recognized as revenue in the first quarter of fiscal 2015 (see Note 1 &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Business and Funding &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x2013;&lt;/font&gt; Description of Business - AUO Lawsuit and Settlement &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;).&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Inventor Royalties and Contingent Legal Fees&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Inventor royalties and contingent legal fees are expensed in the consolidated statements of operations in the period that the related revenues are recognized.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Anixa Development Expenses&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Anixa development expenses are expensed in the consolidated statements of operations in the period incurred.&lt;/p&gt;</us-gaap:RevenueRecognitionPolicyTextBlock>
  <us-gaap:LicenseAndServicesRevenue unitRef="usd" contextRef="c47_From1Nov2014To31Oct2015_AUOLicenseAgreementMember" decimals="-6">3000000</us-gaap:LicenseAndServicesRevenue>
  <itus:LicenseAgreementAggregateLicenseFee unitRef="usd" contextRef="c48_AsOf31Oct2015_AUOLicenseAgreementMember" decimals="-6">10000000</itus:LicenseAgreementAggregateLicenseFee>
  <itus:LicenseAgreementContingentLicenseFeeReceivable unitRef="usd" contextRef="c48_AsOf31Oct2015_AUOLicenseAgreementMember" decimals="-6">7000000</itus:LicenseAgreementContingentLicenseFeeReceivable>
  <us-gaap:DeferredRevenueCurrent unitRef="usd" contextRef="c49_AsOf31Oct2014_AUOLicenseAgreementMember" decimals="0">1187000</us-gaap:DeferredRevenueCurrent>
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  <us-gaap:FairValueMeasurementPolicyPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Fair Value Measurements&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;ASC 820 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Fair Value Measurements and Disclosures&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 820&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) defines fair value, establishes a framework for measuring fair value under GAAP, and expands disclosures about fair value measurements. &amp;nbsp;In accordance with ASC 820, we have categorized our financial assets and liabilities, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy as set forth below. &amp;nbsp;If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Financial assets and liabilities recorded in the accompanying consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows:&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Level 1 - Financial instruments whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market which we have the ability to access at the measurement date.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Level 2 - Financial instruments whose values are based on quoted market prices in markets where trading occurs infrequently or whose values are based on quoted prices of instruments with similar attributes in active markets. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:48px; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Level 3 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Financial instruments whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. &amp;nbsp;These inputs reflect management&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s own assumptions about the assumptions a market participant would use in pricing the instrument. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2015:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Money market funds &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x2013;&lt;/font&gt; Cash &amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;and cash equivalents&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 4px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Certificates of deposit -&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Short term investments&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2,400,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;2,400,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;justify&quot;&gt;Total financial assets&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;$ 2,400,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,867,967&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2014:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;192&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;90&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;18&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;84&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;18&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;77&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;15&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;104&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;192&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;192&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Money market funds &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Cash &amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;and cash equivalents&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;- &lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;192&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Certificates of deposit -&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Short term investments&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2,500,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;2,500,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;192&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Total financial assets&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,500,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,655,964&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table presents the hierarchy for our financial liabilities measured at fair value on the transaction date and then adjusted for the subsequent accretion of interest, as of October 31, 2015:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;228&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;28&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;87&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;54&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;51&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;100&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;Patent acquisition obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,688,187&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,688,187&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;The following table presents the hierarchy for our financial liabilities measured at fair value on the transaction date and then adjusted for the subsequent accretion of interest, as of October 31, 2014:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;228&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;28&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;87&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;54&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;51&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;100&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;Patent acquisition obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,236,281&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,236,281&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table sets forth a summary of the changes in the fair value of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s Level 3 financial liabilities that are measured at fair value on a recurring basis:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;485&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;center&quot;&gt;For the two &lt;br /&gt;years ended &lt;br /&gt;October 31, &lt;br /&gt;2015&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Patent acquisition obligation:&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Initial fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,850,511&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;485&quot; height=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Accretion of interest on patent obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;/td&gt;
     &lt;td width=&quot;109&quot; height=&quot;8&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;385,770&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2014&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;3,236,281&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Accretion of interest on patent obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;451,906&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 3px double&quot;&gt;&lt;font size=&quot;3&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;3,688,187&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Our non-financial assets that are measured on a non-recurring basis include our property and equipment which are measured using fair value techniques whenever events or changes in circumstances indicate a condition of impairment exists. &amp;nbsp;The estimated fair value of prepaid expenses, accounts payable and accrued expenses approximates their individual carrying amounts due to the short term nature of these measurements. &amp;nbsp;Cash and cash equivalents are stated at carrying value which approximates fair value.&lt;/p&gt;</us-gaap:FairValueMeasurementPolicyPolicyTextBlock>
  <us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;FONT-SIZE:11pt; PADDING-BOTTOM:0px; MARGIN:0px; TEXT-INDENT:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Cash and Cash Equivalents&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Cash equivalents consists of highly liquid, short term investments with original maturities of three months or less when purchased.&lt;/p&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
  <us-gaap:InvestmentPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Short-term Investments&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;At October 31, 2015 and 2014, we had certificates of deposit with maturities greater than 90 days when acquired of $2,400,000 and $2,500,000, respectively, that were classified as short-term investments and reported at fair value.&lt;/p&gt;</us-gaap:InvestmentPolicyTextBlock>
  <us-gaap:IntangibleAssetsFiniteLivedPolicy contextRef="c50_From1Nov2014To31Oct2015_PatentsMember">&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Patents&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Our only identifiable intangible assets are patents and patent rights. &amp;nbsp;We capitalize patent and patent rights acquisition costs and amortize the cost over the estimated economic useful life. &amp;nbsp;Patent acquisition costs capitalized during the years ended October 31, 2015 and 2014, was approximately $-0- and $3,036,000, respectively. &amp;nbsp;We recorded patent amortization expense of approximately $325,000 and $314,000 during the years ended October 31, 2015 and 2014, respectively.&lt;/p&gt;</us-gaap:IntangibleAssetsFiniteLivedPolicy>
  <us-gaap:AcquisitionCosts unitRef="usd" contextRef="c50_From1Nov2014To31Oct2015_PatentsMember" decimals="0">0</us-gaap:AcquisitionCosts>
  <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized unitRef="usd" contextRef="c51_AsOf31Oct2015_StockAwardGrantedToEmployeesAndConsultantsMember" decimals="0">0</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
  <us-gaap:AcquisitionCosts unitRef="usd" contextRef="c52_From1Nov2013To31Oct2014_PatentsMember" decimals="0">3036000</us-gaap:AcquisitionCosts>
  <us-gaap:AmortizationOfAcquisitionCosts unitRef="usd" contextRef="c50_From1Nov2014To31Oct2015_PatentsMember" decimals="0">325000</us-gaap:AmortizationOfAcquisitionCosts>
  <us-gaap:AmortizationOfAcquisitionCosts unitRef="usd" contextRef="c52_From1Nov2013To31Oct2014_PatentsMember" decimals="0">314000</us-gaap:AmortizationOfAcquisitionCosts>
  <us-gaap:MarketableSecuritiesPolicy contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Investment Securities&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We classify our investment securities as available-for-sale. &amp;nbsp;Available-for-sale securities are recorded at fair value. &amp;nbsp;Unrealized gains and losses, net of the related tax effect, on available-for-sale securities are excluded from earnings and are reported as a component of accumulated other comprehensive income (loss) until realized. &amp;nbsp;Realized gains and losses from the sale of available-for-sale securities are determined on a specific identification basis. &amp;nbsp;Dividend and interest income are recognized when earned.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We monitor the value of our investments for indicators of impairment, including changes in market conditions and the operating results of the underlying investment that may result in the inability to recover the carrying value of the investment.&lt;/p&gt;</us-gaap:MarketableSecuritiesPolicy>
  <itus:ConvertibleInstrumentPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Convertible Instruments&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company accounts for hybrid contracts that feature conversion options in accordance with applicable generally accepted accounting principles (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;GAAP&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;).&amp;nbsp; ASC &amp;nbsp;815 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Derivatives and Hedging Activities,&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 815&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria includes circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b)&amp;nbsp;the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c)&amp;nbsp;a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Conversion options that contain variable settlement features such as provisions to adjust the conversion price upon subsequent issuances of equity or equity linked securities at exercise prices more favorable than that featured in the hybrid contract generally result in their bifurcation from the host instrument.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company accounts for convertible instruments, when the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, in accordance with ASC 470-20 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Debt with Conversion and Other Options&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 470-20&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). Under ASC 470-20, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. The Company accounts for convertible instruments (when the Company has determined that the embedded conversion options should be bifurcated from their host instruments) in accordance with ASC 815.&amp;nbsp;&amp;nbsp;Under ASC 815, a portion of the proceeds received upon the issuance of the hybrid contract are allocated to the fair value of the derivative. The derivative is subsequently marked to market at each reporting date based on current fair value, with the changes in fair value reported in results of operations.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The conversion features of the convertible debentures issued in January 2013 and November 2013 qualified as embedded derivative instruments and were bifurcated from the host convertible debentures.&amp;nbsp; Derivative liabilities are initially recorded at fair value and are then re-valued at each reporting date, with changes in fair value recognized in earnings during the reporting period.&lt;/p&gt;</itus:ConvertibleInstrumentPolicyTextBlock>
  <us-gaap:StockholdersEquityPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Common Stock Purchase Warrants&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company classifies as equity any contracts that (i)&amp;nbsp;require physical settlement or net-share settlement or (ii) provides a choice of net-cash settlement or settlement in the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s own shares (physical settlement or net-share settlement)&amp;nbsp;providing that such contracts are indexed to the Company&apos;s own stock as defined in ASC 815-40 &quot;Contracts in Entity&apos;s Own Equity&quot;. The Company classifies as assets or liabilities any contracts that (i)&amp;nbsp;require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s control) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement).&amp;nbsp;&amp;nbsp;The Company assesses classification of common stock purchase warrants and other free standing derivatives at each reporting date to determine whether a change in classification between assets and liabilities or equity is required.&lt;/p&gt;</us-gaap:StockholdersEquityPolicyTextBlock>
  <us-gaap:IncomeTaxPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Income Taxes&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We recognize deferred tax assets and liabilities for the estimated future tax effects of events that have been recognized in our financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. &amp;nbsp;A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount expected to be realized.&lt;/p&gt;</us-gaap:IncomeTaxPolicyTextBlock>
  <us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot;&gt;&lt;u&gt;Stock-Based Compensation&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We maintain stock equity incentive plans under which we may grant non-qualified stock options, incentive stock options, stock appreciation rights, stock awards, performance and performance-based awards, or stock units to employees, non-employee directors and consultants.&lt;/p&gt;</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
  <us-gaap:CompensationRelatedCostsPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Stock Option Compensation Expense&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We account for stock options granted to employees and directors using the accounting guidance in ASC 718 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Stock Compensation&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 718&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;In accordance with ASC 718, we estimate the fair value of service based options and performance based options on the date of grant, using the Black-Scholes pricing model. &amp;nbsp;For options vesting if the trading price of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock achieves a defined target, we use a Monte Carlo simulation in estimating the fair value at grant date. We recognize compensation expense for stock option awards over the requisite or implied service period of the grant. &amp;nbsp;With respect to performance based awards, compensation expense is recognized when the performance target is deemed probable. &amp;nbsp;We recorded stock-based compensation expense, related to stock options granted to employees and directors, of approximately $2,192,000 and $2,128,000, during the years ended October 31, 2015 and 2014, respectively. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Included in stock-based compensation cost for employees and directors during the years ended October 31, 2015 and 2014 was approximately $2,092,781 and $1,426,000, respectively, related to the amortization of compensation cost for stock options granted in prior periods but not yet vested. &amp;nbsp;As of October 31, 2015, there was unrecognized compensation cost related to non-vested stock options granted to employees and directors, related to service based options of approximately $432,000 which will be recognized over a weighted-average period of 1.1 years. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We account for stock options granted to consultants using the accounting guidance included in ASC 505-50 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Equity-Based Payments to Non-Employees&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 505-50&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;In accordance with ASC 505-50, we estimate the fair value of service based stock options and performance based options at each reporting period, using the Black-Scholes pricing model. &amp;nbsp;For options vesting if the trading price of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock achieves a defined target we estimate the fair value at each reporting period using a Monte Carlo simulation. &amp;nbsp;We recognize compensation expense for service based stock options and options subject to market conditions over the requisite or implied service period of the grant. &amp;nbsp;For performance based awards, compensation expense is recognized when the performance target is achieved.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We recorded consulting expense, related to stock options granted to consultants, during the years ended October 31, 2015 and 2014 of approximately $484,000 and $1,022,000, respectively. Stock-based consulting expense for the years ended October 31, 2015 and 2014 includes approximately $484,000 and $964,000, respectively, related to the amortization of compensation cost for stock options granted in prior periods but vested in the current period. As of October 31, 2015, there was no unrecognized consulting expense related to non-vested stock options granted to consultants.&lt;/p&gt;</us-gaap:CompensationRelatedCostsPolicyTextBlock>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c53_From1Nov2014To31Oct2015_StockOptionsGrantedToEmployeesAndDirectorsMember" decimals="0">2192000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c54_From1Nov2013To31Oct2014_StockOptionsGrantedToEmployeesAndDirectorsMember" decimals="0">2128000</us-gaap:ShareBasedCompensation>
  <itus:AmortizationRelatedToCompensationCost unitRef="usd" contextRef="c53_From1Nov2014To31Oct2015_StockOptionsGrantedToEmployeesAndDirectorsMember" decimals="0">2092781</itus:AmortizationRelatedToCompensationCost>
  <itus:AmortizationRelatedToCompensationCost unitRef="usd" contextRef="c54_From1Nov2013To31Oct2014_StockOptionsGrantedToEmployeesAndDirectorsMember" decimals="0">1426000</itus:AmortizationRelatedToCompensationCost>
  <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized unitRef="usd" contextRef="c55_AsOf31Oct2015_StockOptionsGrantedToEmployeesAndDirectorsMember" decimals="0">432000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c53_From1Nov2014To31Oct2015_StockOptionsGrantedToEmployeesAndDirectorsMember">P1Y36D</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c56_From1Nov2014To31Oct2015_StockAwardGrantedToEmployeesAndConsultantsMember" decimals="0">484000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c57_From1Nov2013To31Oct2014_StockAwardGrantedToEmployeesAndConsultantsMember" decimals="0">1022000</us-gaap:ShareBasedCompensation>
  <itus:AmortizationRelatedToCompensationCost unitRef="usd" contextRef="c56_From1Nov2014To31Oct2015_StockAwardGrantedToEmployeesAndConsultantsMember" decimals="0">484000</itus:AmortizationRelatedToCompensationCost>
  <itus:AmortizationRelatedToCompensationCost unitRef="usd" contextRef="c57_From1Nov2013To31Oct2014_StockAwardGrantedToEmployeesAndConsultantsMember" decimals="0">964000</itus:AmortizationRelatedToCompensationCost>
  <us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Fair Value Determination&lt;/u&gt; &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We use the Black-Scholes pricing model in estimating the fair value of stock options which vest over a specific period of time or upon achieving performance targets. &amp;nbsp;To determine the weighted average fair value of stock options on the date of grant, employees and directors are included in a single group. &amp;nbsp;The fair value of stock options granted to consultants is determined on an individual basis. &amp;nbsp;The stock options we granted during the year ended October 31, 2015 consisted of awards with 10-year terms that vest over one year, options with 10-year terms that vest over 36 months. The stock options we granted during the year ended October 31, 2014 consisted of awards with 10-year terms that vest over one year, options with 10-year terms that vest over 36 months, options with 5-year terms which vest immediately and options with 10-year terms which vest upon achievement of performance milestones. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following weighted average assumptions were used in estimating the fair value of stock options granted during the years ended October 31, 2015 and 2014: &lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;280&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;78&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;78&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;For the Year &lt;br /&gt;Ended October 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Weighted average fair value at grant date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$3.09&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$5.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Valuation assumptions:&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected life ( years) &lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;5.75&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;5.80&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;117.8%&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;115.3%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;2.01%&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;1.82%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected dividend yield&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;0&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;0&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The expected term of stock options represents the weighted average period the stock options are expected to remain outstanding. &amp;nbsp;We use the simplified method to determine expected term. &amp;nbsp;The simplified method was adopted since we do not believe that historical experience is representative of future performance because of the impact of the changes in our operations and the change in terms from historical options which vested immediately to terms including vesting periods of up to three years. &amp;nbsp;Under the Black-Scholes pricing model, we estimated the expected volatility of our shares of common stock based upon the historical volatility of our share price over a period of time equal to the expected term of the options. &amp;nbsp;We estimated the risk-free interest rate based on the implied yield available on the applicable grant date of a U.S. Treasury note with a term equal to the expected term of the underlying grants. &amp;nbsp;We made the dividend yield assumption based on our history of not paying dividends and our expectation not to pay dividends in the future.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Under ASC 718, the amount of stock-based compensation expense recognized is based on the portion of the awards that are ultimately expected to vest. &amp;nbsp;Accordingly, if deemed necessary, we reduce the fair value of the stock option awards for expected forfeitures, which are forfeitures of the unvested portion of surrendered options. &amp;nbsp;Based on our historical experience and future expectations, we have not reduced the amount of stock-based compensation expenses for anticipated forfeitures.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We will reconsider use of the Black-Scholes pricing model if additional information becomes available in the future that indicates another model would be more appropriate. &amp;nbsp;If factors change and we employ different assumptions in the application of ASC 718 in future periods, the compensation expense that we record under ASC 718 may differ significantly from what we have recorded in the current period.&lt;/p&gt;</us-gaap:FairValueOfFinancialInstrumentsPolicy>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriodDescription contextRef="c58_From1Nov2014To31Oct2015_AwardsOfOptionsWith10YearTermsMember">The stock options we granted during the year ended October 31, 2015 consisted of awards with 10-year terms that vest over one year, options with 10-year terms that vest over 36 months.</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriodDescription>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriodDescription contextRef="c59_From1Nov2013To31Oct2014_AwardsOfOptionsWith10YearTermsMember">The stock options we granted during the year ended October 31, 2014 consisted of awards with 10-year terms that vest over one year, options with 10-year terms that vest over 36 months, options with 5-year terms which vest immediately and options with 10-year terms which vest upon achievement of performance milestones.</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriodDescription>
  <us-gaap:EarningsPerSharePolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Net&amp;nbsp;Loss&amp;nbsp;Per&amp;nbsp;Share of Common Stock&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;In accordance with ASC 260, &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Earnings Per Share&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;, basic net loss per common share (&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Basic EPS&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;) is computed by dividing net loss by the weighted average number of common shares outstanding. &amp;nbsp;Diluted net loss per common share (&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201c;&lt;/font&gt;Diluted EPS&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x201d;&lt;/font&gt;) is computed by dividing net loss by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding. &amp;nbsp;Diluted EPS for all years presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive. &amp;nbsp;For this reason, excluded from the calculation of Diluted EPS for the years ended October 31, 2015 and 2014, were options to purchase 2,672,471 and 3,002,550 shares, respectively, warrants to purchase 1,028,931 shares and 1,044,931 shares, respectively, preferred stock convertible into 739,958 shares.&lt;/p&gt;</us-gaap:EarningsPerSharePolicyTextBlock>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c60_From1Nov2014To31Oct2015_EmployeeStockOptionMember" decimals="INF">2672471</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c61_From1Nov2013To31Oct2014_EmployeeStockOptionMember" decimals="INF">3002550</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c62_From1Nov2014To31Oct2015_WarrantMember" decimals="INF">1028931</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c63_From1Nov2013To31Oct2014_WarrantMember" decimals="INF">1044931</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c64_From1Nov2014To31Oct2015_ConvertiblePreferredStockMember" decimals="INF">739958</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:UseOfEstimates contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Use of Estimates&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. &amp;nbsp;Estimates and assumptions are used for, but not limited to, determining stock-based compensation, asset impairment evaluations, tax assets and liabilities, license fee revenue, the allowance for doubtful accounts, depreciation lives and other contingencies. &amp;nbsp;Actual results could differ from those estimates.&lt;/p&gt;</us-gaap:UseOfEstimates>
  <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&lt;u&gt;Effect of Recently Issued Pronouncements&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In May 2014, the Financial Accounting Standards Board (&quot;FASB&quot;) issued Accounting Standards Update 2014-09 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2014-09&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), Revenue from Contracts with Customers. &amp;nbsp;This amendment updates addressing revenue from contracts with customers, which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under the standard, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. &amp;nbsp;This standard update is effective for&amp;nbsp;interim and annual&amp;nbsp;reporting periods beginning after December 15,&amp;nbsp;2016, and are to be applied retrospectively or the cumulative effect as of the date of adoption, with early application not permitted. &amp;nbsp;In July 2015, a one year deferral of the effective date of the new guidance was approved. We are currently evaluating the impact ASU 2014-09 will have on our consolidated financial statements&amp;nbsp;and related disclosures.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In June 2014, the FASB issued Accounting Standards Update 2014-12 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2014-12&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), Compensation &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Stock Compensation. &amp;nbsp;This amendment requires that a performance target that affects vesting and could be achieved after the requisite service period shall be treated as a performance condition. Adoption of this standard is required for annual periods beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the impact ASU 2014-12 will have on our consolidated financial statements&amp;nbsp;and related disclosures.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In August 2014, the FASB issued Accounting Standards Update 2014-15 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2014-15&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;This amendment requires management to assess an entity&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s ability to continue as a going concern every reporting period including interim periods, and to provide related footnote disclosure in certain circumstances. Adoption of this standard is required for annual periods beginning after December 15, 2016 and are to be applied retrospectively or the cumulative effect as of the date of adoption. We do not expect this update to have a significant impact on our consolidated financial statements.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In April 2015, the FASB issued Accounting Standards Update 2015-03 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2015-03&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) to simplify the presentation of debt issuance costs. This amendment requires debt issuance costs be presented on the balance sheet as a direct reduction from the carrying amount of the debt liability, consistent with debt discounts or premiums. Adoption of this standard is required for interim and annual periods beginning after December 15, 2015 and is to be applied retrospectively. We are currently evaluating the impact ASU 2015-03 will have on our consolidated financial statements&amp;nbsp;and related disclosures.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot;&gt;In November 2015, the FASB issued Accounting Standards Update 2015-17 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASU 2015-17&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) to simplify the presentation of deferred taxes. This amendment requires that all deferred tax assets and liabilities, along with any related valuation allowances, be classified as noncurrent on the balance sheet. &amp;nbsp;Adoption of this standard is required for annual periods beginning after December 15, 2016. We are currently evaluating the impact ASU 2015-17 will have on our consolidated financial statements&amp;nbsp;and related disclosures.&lt;/p&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
  <us-gaap:ConcentrationRiskCreditRisk contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Concentration of Credit Risks&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Financial instruments that potentially subject us to concentrations of credit risk are cash equivalents, short-term investments and accounts receivable. &amp;nbsp;Cash equivalents are primarily highly rated money market funds. Short-term investments are certificates of deposit within federally insured limits. Where applicable, management reviews our accounts receivable and other receivables for potential doubtful accounts and maintains an allowance for estimated uncollectible amounts. Our policy is to write-off uncollectable amounts at the time it is determined that collection will not occur. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Three licensees accounted for 53%, 37% and 10%, respectively, of revenues from patent licensing activities during fiscal year 2015. Four licensees accounted for 22%, 16%, 14% and 10%, respectively, of revenues from patent licensing activities during fiscal year 2014.&lt;/p&gt;</us-gaap:ConcentrationRiskCreditRisk>
  <us-gaap:ConcentrationRiskPercentage1 unitRef="pure" contextRef="c65_From1Nov2014To31Oct2015_SalesRevenueNetMember_CustomerConcentrationRiskMember_Licensees1Member" decimals="2">0.53</us-gaap:ConcentrationRiskPercentage1>
  <us-gaap:ConcentrationRiskPercentage1 unitRef="pure" contextRef="c66_From1Nov2014To31Oct2015_SalesRevenueNetMember_CustomerConcentrationRiskMember_Licensees2Member" decimals="2">0.37</us-gaap:ConcentrationRiskPercentage1>
  <us-gaap:ConcentrationRiskPercentage1 unitRef="pure" contextRef="c67_From1Nov2014To31Oct2015_SalesRevenueNetMember_CustomerConcentrationRiskMember_Licensees3Member" decimals="2">0.10</us-gaap:ConcentrationRiskPercentage1>
  <us-gaap:ConcentrationRiskPercentage1 unitRef="pure" contextRef="c68_From1Nov2013To31Oct2014_SalesRevenueNetMember_CustomerConcentrationRiskMember_Licensees1Member" decimals="2">0.22</us-gaap:ConcentrationRiskPercentage1>
  <us-gaap:ConcentrationRiskPercentage1 unitRef="pure" contextRef="c69_From1Nov2013To31Oct2014_SalesRevenueNetMember_CustomerConcentrationRiskMember_Licensees2Member" decimals="2">0.16</us-gaap:ConcentrationRiskPercentage1>
  <us-gaap:ConcentrationRiskPercentage1 unitRef="pure" contextRef="c70_From1Nov2013To31Oct2014_SalesRevenueNetMember_CustomerConcentrationRiskMember_Licensees3Member" decimals="2">0.14</us-gaap:ConcentrationRiskPercentage1>
  <us-gaap:ConcentrationRiskPercentage1 unitRef="pure" contextRef="c71_From1Nov2013To31Oct2014_SalesRevenueNetMember_CustomerConcentrationRiskMember_Licensees4Member" decimals="2">0.10</us-gaap:ConcentrationRiskPercentage1>
  <us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot; height=&quot;22&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Money market funds &lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x2013;&lt;/font&gt; Cash &amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;and cash equivalents&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 4px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Certificates of deposit -&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Short term investments&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2,400,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot; height=&quot;42&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;2,400,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;192&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;justify&quot;&gt;Total financial assets&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;467,967&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;$ 2,400,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;15&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; padding-bottom: 0px; padding-top: 0px; padding-left: 4px; margin-top: 0px; padding-right: 4px;&quot; valign=&quot;bottom&quot; width=&quot;104&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,867,967&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;192&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;90&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;18&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;84&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;18&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;77&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;15&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;104&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;192&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; height=&quot;22&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; height=&quot;22&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;192&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Money market funds &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Cash &amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;and cash equivalents&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;- &lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;192&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Certificates of deposit -&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Short term investments&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2,500,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; height=&quot;42&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; height=&quot;42&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;2,500,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;192&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Total financial assets&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;155,964&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,500,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;18&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;77&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:4px; MARGIN-TOP:0px; PADDING-RIGHT:4px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,655,964&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;228&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;28&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;87&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;54&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;51&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;100&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;Patent acquisition obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;$&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,688,187&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,688,187&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;228&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;28&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;25&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;87&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;54&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 1&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;51&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 2&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;100&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Level 3&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;center&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;14&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;margin: 0px; line-height: 0.05pt;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;228&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;Patent acquisition obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;28&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;86&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,236,281&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;12&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px; width: 14px;&quot; valign=&quot;bottom&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;87&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 2px; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,236,281&lt;/p&gt;&lt;/td&gt;
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  <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

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     &lt;td width=&quot;485&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;center&quot;&gt;For the two &lt;br /&gt;years ended &lt;br /&gt;October 31, &lt;br /&gt;2015&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
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     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Patent acquisition obligation:&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
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    &lt;tr&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Initial fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;2,850,511&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;485&quot; height=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Accretion of interest on patent obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;/td&gt;
     &lt;td width=&quot;109&quot; height=&quot;8&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;385,770&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2014&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;3,236,281&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Accretion of interest on patent obligation&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp; &lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;451,906&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;485&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;justify&quot;&gt;Balance October 31, 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 3px double&quot;&gt;&lt;font size=&quot;3&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;109&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt; &lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:6px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;3,688,187&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

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  <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations unitRef="usd" contextRef="c95_AsOf31Oct2014_PatentAcquisitionObligationMember" decimals="0">2850511</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations>
  <itus:AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense unitRef="usd" contextRef="c96_From1Nov2013To31Oct2014_PatentAcquisitionObligationMember" decimals="0">385770</itus:AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue unitRef="usd" contextRef="c95_AsOf31Oct2014_PatentAcquisitionObligationMember" decimals="0">3236281</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <itus:AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense unitRef="usd" contextRef="c97_From1Nov2014To31Oct2015_PatentAcquisitionObligationMember" decimals="0">451906</itus:AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">3688187</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;280&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;78&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;78&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;For the Year &lt;br /&gt;Ended October 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Weighted average fair value at grant date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$3.09&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$5.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Valuation assumptions:&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected life ( years) &lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;5.75&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;5.80&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;117.8%&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;115.3%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;2.01%&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;1.82%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;280&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Expected dividend yield&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;0&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;78&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;0&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue unitRef="usdPershares" contextRef="c6_From1Nov2014To31Oct2015" decimals="2">3.09</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue unitRef="usdPershares" contextRef="c7_From1Nov2013To31Oct2014" decimals="2">5.75</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="c6_From1Nov2014To31Oct2015">P5Y9M</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="c7_From1Nov2013To31Oct2014">P5Y292D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate unitRef="pure" contextRef="c6_From1Nov2014To31Oct2015" decimals="3">1.178</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate unitRef="pure" contextRef="c7_From1Nov2013To31Oct2014" decimals="3">1.153</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate unitRef="pure" contextRef="c6_From1Nov2014To31Oct2015" decimals="4">0.0201</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate unitRef="pure" contextRef="c7_From1Nov2013To31Oct2014" decimals="4">0.0182</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate unitRef="pure" contextRef="c6_From1Nov2014To31Oct2015" decimals="2">0.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate unitRef="pure" contextRef="c7_From1Nov2013To31Oct2014" decimals="2">0.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
  <invest:InvestmentTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px;&quot;&gt;&lt;br /&gt;3. &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;font style=&quot;text-decoration: underline;&quot;&gt;INVESTMENTS&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Short-term Investments &lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;At October 31, 2015 and October 31, 2014, we had of certificates of deposit totaling $2,400,000 and $2,500,000, respectively. &amp;nbsp;Terms of the certificates of deposit generally range from greater than three months to nine months.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Investment in Videocon &lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Our investment in Videocon was classified as an &quot;available-for-sale security&quot; and reported at fair value, with unrealized gains and losses excluded from operations and reported as component of accumulated other comprehensive income (loss) in shareholders&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt; equity. &amp;nbsp;The original cost basis of $16,200,000 was determined using the specific identification method. &amp;nbsp;The fair value of the Videocon GDRs is based on the price on the Luxembourg Stock Exchange, which price is based on the underlying price of Videocon&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s equity shares which are traded on stock exchanges in India with prices quoted in rupees. &amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;ASC 320 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Investments-Debt and Equity Securities&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;ASC 320&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) and SEC guidance on other than temporary impairments of certain investments in equity securities requires an evaluation to determine if the decline in fair value of an investment is either temporary or other than temporary. &amp;nbsp;Unless evidence exists to support a realizable value equal to or greater than the carrying cost of the investment, an other than temporary impairment should be recorded. &amp;nbsp;At each reporting period we assessed our investment in Videocon to determine if a decline that is other than temporary has occurred. &amp;nbsp;In evaluating our investment in Videocon during fiscal year 2014, we determined that based on both the duration and the continuing magnitude of the market price decline compared to the carrying cost, a write-down of the investment of approximately $63,000 should be recorded and a new cost basis of approximately $4,135,000 should be established. &amp;nbsp;On August 29, 2014, we exchanged the Videocon GDRs for 800,000 shares of our common stock, see Note 1 &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Business and Funding &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Description of Business &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8211;&lt;/font&gt; Unwinding of Business Relationship and Interest with Videocon&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;. &amp;nbsp;On a cumulative basis, we have recorded other than temporary impairments in our investment in Videocon GDRs of approximately $12,065,000. &amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The fair value of the Videocon GDRs on August 29, 2014, the date of disposition, was follows:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;356&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;15&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Investment in &lt;br /&gt;Videocon&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;356&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Fair Value as of October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp; &amp;nbsp;4,197,341&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;356&quot; height=&quot;17&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Other than temporary impairment&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; height=&quot;17&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; height=&quot;17&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(62,825)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;356&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Fair value of Videocon GDRs on date of disposition&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#000000 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;&amp;nbsp;&lt;/font&gt;$&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;4,134,516&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;</invest:InvestmentTextBlock>
  <us-gaap:CertificatesOfDepositAtCarryingValue unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">2400000</us-gaap:CertificatesOfDepositAtCarryingValue>
  <us-gaap:CertificatesOfDepositAtCarryingValue unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">2500000</us-gaap:CertificatesOfDepositAtCarryingValue>
  <us-gaap:AvailableForSaleEquitySecuritiesAmortizedCostBasis unitRef="usd" contextRef="c98_AsOf30Nov2007_InvestmentInVideoconMember" decimals="0">16200000</us-gaap:AvailableForSaleEquitySecuritiesAmortizedCostBasis>
  <us-gaap:EquityMethodInvestmentOtherThanTemporaryImpairment unitRef="usd" contextRef="c99_From1Nov2013To29Aug2014_InvestmentInVideoconMember" decimals="0">63000</us-gaap:EquityMethodInvestmentOtherThanTemporaryImpairment>
  <us-gaap:ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset unitRef="usd" contextRef="c100_AsOf29Aug2014_InvestmentInVideoconMember" decimals="0">4135000</us-gaap:ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset>
  <itus:SharesExchangedForGDR unitRef="shares" contextRef="c99_From1Nov2013To29Aug2014_InvestmentInVideoconMember" decimals="INF">800000</itus:SharesExchangedForGDR>
  <us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld unitRef="usd" contextRef="c100_AsOf29Aug2014_InvestmentInVideoconMember" decimals="0">12065000</us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld>
  <us-gaap:ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;356&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;15&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Investment in &lt;br /&gt;Videocon&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;356&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;Fair Value as of October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp; &amp;nbsp;4,197,341&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;356&quot; height=&quot;17&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Other than temporary impairment&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; height=&quot;17&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; height=&quot;17&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(62,825)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;356&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Fair value of Videocon GDRs on date of disposition&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#000000 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;&amp;nbsp;&lt;/font&gt;$&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;4,134,516&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock>
  <us-gaap:AvailableForSaleSecuritiesEquitySecuritiesNoncurrent unitRef="usd" contextRef="c101_AsOf31Oct2013_InvestmentInVideoconMember" decimals="0">4197341</us-gaap:AvailableForSaleSecuritiesEquitySecuritiesNoncurrent>
  <us-gaap:ImpairmentOfInvestments unitRef="usd" contextRef="c102_From1Nov2013To29Aug2014_InvestmentInVideoconMember" decimals="0">62825</us-gaap:ImpairmentOfInvestments>
  <us-gaap:ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset unitRef="usd" contextRef="c103_AsOf29Aug2014_InvestmentInVideoconMember" decimals="0">4134516</us-gaap:ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset>
  <us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px;&quot;&gt;&lt;br /&gt;4. &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;font style=&quot;text-decoration: underline;&quot;&gt;ACCOUNTS PAYABLE AND ACCRUED EXPENSES&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; CLEAR:left; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Accounts payable and accrued liabilities consist of the following as of:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;307&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;5&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;October 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Accounts payable&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;374,703&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;540,179&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot; height=&quot;16&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Payroll and related expenses&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot; height=&quot;16&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot; height=&quot;16&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;372,753&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Accrued litigation expense, consulting and other&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;professional fees&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;320,493&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot; height=&quot;15&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Accrued other&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot; height=&quot;15&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;6,062&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot; height=&quot;15&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;16,001&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;font style=&quot;color: #000000; font-family: &apos;times new roman&apos;; font-size: 14.6667px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: none !important; float: none; background-color: #cceeff;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;380,765&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;1,249,426&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;</us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock>
  <us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;307&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;5&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;October 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot; align=&quot;right&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Accounts payable&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;374,703&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;540,179&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot; height=&quot;16&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Payroll and related expenses&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot; height=&quot;16&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot; height=&quot;16&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;372,753&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Accrued litigation expense, consulting and other&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;professional fees&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;320,493&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot; height=&quot;15&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Accrued other&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot; height=&quot;15&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;6,062&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot; height=&quot;15&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;16,001&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;307&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;font style=&quot;color: #000000; font-family: &apos;times new roman&apos;; font-size: 14.6667px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: none !important; float: none; background-color: #cceeff;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;380,765&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; align=&quot;right&quot; valign=&quot;bottom&quot; width=&quot;94&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;1,249,426&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock>
  <us-gaap:AccountsPayableCurrent unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">374703</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccountsPayableCurrent unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">540179</us-gaap:AccountsPayableCurrent>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent unitRef="usd" contextRef="c0_AsOf31Oct2015" xs:nil="true"/>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">372753</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:AccruedProfessionalFeesCurrent unitRef="usd" contextRef="c0_AsOf31Oct2015" xs:nil="true"/>
  <us-gaap:AccruedProfessionalFeesCurrent unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">320493</us-gaap:AccruedProfessionalFeesCurrent>
  <us-gaap:OtherAccruedLiabilitiesCurrent unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">6062</us-gaap:OtherAccruedLiabilitiesCurrent>
  <us-gaap:OtherAccruedLiabilitiesCurrent unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">16001</us-gaap:OtherAccruedLiabilitiesCurrent>
  <us-gaap:DebtDisclosureTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot;&gt;&lt;br /&gt;5. &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;u&gt;CONVERTIBLE DEBENTURES&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:0px; FONT-SIZE:11pt; MARGIN-TOP:16px&quot;&gt;&lt;u&gt;Convertible Debenture due January 2015&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In January 2013, the Company received aggregate gross proceeds of $1,765,000 from the issuance of 8% convertible debentures due January 25, 2015 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Convertible Debenture due January 2015&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), of which $250,000 was received from our current President, Chief Executive Officer and director, and two other directors of the Company.&amp;nbsp;The debentures&amp;nbsp;paid interest quarterly and&amp;nbsp;were convertible into shares of our common stock at a conversion price of $3.75 per share on or before January 25, 2015.&amp;nbsp;The embedded conversion feature&amp;nbsp;had certain weighted average anti-dilution protection provisions which would be triggered if the Company issues its common stock, or certain common stock equivalents, (as defined) at a price below $3.75 per share.&amp;nbsp; The Company had the option to pay any interest on the debentures in common stock based on the average of the closing prices of&amp;nbsp; our common stock for the 10 trading days immediately preceding the interest payment date.&amp;nbsp;The Company also had the option to pay any interest on the debentures with additional debentures.&amp;nbsp; The Company&amp;nbsp;had the right to&amp;nbsp;prepay the debentures at any time without penalty upon 30 days prior notice but only if the sales price of the common stock is at least $7.50 for 20 trading days in any 30-day trading period ending no more than 15 days before the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s prepayment notice.&amp;nbsp; In conjunction with the issuance of the debentures, the Company issued warrants (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Convertible Debenture Warrant&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) to purchase 235,310 shares of its common stock.&amp;nbsp; Each warrant grants the holder the right to purchase one share of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock at the purchase price of $7.50 per share on or before January 25, 2016.&amp;nbsp;The Convertible Debenture Warrant may be exercised on a cashless basis only if there is not an effective registration statement covering such shares.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company determined, based upon authoritative guidance, that the conversion feature embedded within the Convertible Debenture due January 2015 should be valued separately and bifurcated from the host instrument and accounted for as a free-standing derivative liability and that the Convertible Debenture Warrant should also be valued and accounted for separately as an equity instrument.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company determined the fair value of each of the three elements included within the Convertible Debenture due January 2015.&amp;nbsp; The debenture portion (without the conversion feature) bearing interest at 8% was determined to be a debt instrument with a fair value of $1,490,000.&amp;nbsp; The embedded conversion feature was determined to be a derivative liability with a fair value of $1,180,000.&amp;nbsp; The Convertible Debenture Warrant was determined to be an equity instrument with a fair value of $370,000.&amp;nbsp; The Company determined the fair value of each of these instruments based upon the assumptions and methodologies as discussed below.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Since the Convertible Debenture Warrant was determined to be an equity instrument, the Company first computed the relative fair value of the Convertible Debenture due January 2015 (including the value of its conversion feature) with a fair value of $2,670,000 and the Convertible Debenture Warrant with a fair value of $370,000.&amp;nbsp;&amp;nbsp; Accordingly, the relative fair value of the Convertible Debenture Warrant and the Convertible Debenture due January 2015 (including the value of its conversion feature) was determined to be $214,819 and $1,550,181, respectively.&amp;nbsp; Then, from the relative fair value of the Convertible Debenture due January 2015, the Company deducted in full the fair value of the embedded conversion feature of $1,180,000.&amp;nbsp;&amp;nbsp; The discount of $1,394,819 applied to the face value of the Convertible Debenture due January 2015 consists of the sum of the relative fair value of the Convertible Debenture Warrant of $214,819 and the full value of the bifurcated conversion option derivative liability of $1,180,000.&amp;nbsp; The Convertible Debenture due January 2015 was recorded at a net value of $370,181, representing its face value of $1,765,000, less aggregate discounts for the derivative liability and warrant of $1,394,819, as summarized in the table below.&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;256&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;8&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;87&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;6&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;6&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Face value of Convertible Debenture due January 2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;1,765,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:15px; MARGIN:0px&quot;&gt;Fair value of embedded conversion feature&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;1,180,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:15px; MARGIN:0px&quot;&gt;Relative fair value of Convertible Debenture Warrant&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;214,819&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:15px; MARGIN:0px&quot;&gt;Discount&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;1,394,819&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;(1,394,819)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Proceeds attributable to the Convertible Debenture due January 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;370,181&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Accordingly, the Company accounted for the full amount of the discount as an offset to the Convertible Debenture due January 2015, amortizable under the effective interest method over the term of the debenture. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company calculated the fair value of the embedded conversion feature of the Convertible Debenture due January 2015 using a Monte Carlo simulation, with the observable assumptions as provided in the table below.&amp;nbsp;The significant unobservable inputs used in the fair value measurement of the reporting entity&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s embedded conversion feature are expected stock prices, levels of trading and liquidity of the Company stock, probability of default of the host instrument, and loss severity in the event of such default. Significant increases in the expected stock prices and expected liquidity would result in a significantly higher fair value measurement.&amp;nbsp;Significant increases in either the probability or severity of default of the host instrument would result in a significantly lower fair value measurement.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;363&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;13&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;83&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;97&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;January 25,&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;5.25&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Conversion price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;3.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock premium for liquidity&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;57%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;2.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;110%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;0.3%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Trials&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;100,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;1,180,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company calculated the fair value of the Convertible Debenture Warrant issued on January 25, 2013 using the Black-Scholes option pricing model with the following assumptions:&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;363&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;13&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;76&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;January 25,&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;5.25&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Exercise price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;7.50&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock premium for liquidity&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;38%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;3.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Warrant exercise trigger price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;41%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;95%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;0.4%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Number of warrants&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;5,882,745&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;370,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company determined the fair value of the Convertible Debenture due January 2015 by preparing an analysis of discounted cash flows, using a discount rate of 18.6%, which the Company deemed appropriate given the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s current risk scenarios.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In connection with the Convertible Debenture due January 2015, the Company provided compensation to the placement agent consisting of a cash fee of $41,400 and a warrant for the purchase of 11,041 shares of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Placement Agent Warrant&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;).&amp;nbsp; The terms of the Placement Agent Warrant are identical to the terms of the Convertible Debenture Warrant, and using Black-Scholes, upon issuance, was determined to have a fair value of $17,360.&amp;nbsp;Assumptions for the valuation of the Placement Agent Warrant were identical to those provided above for the Convertible Debenture Warrant.&amp;nbsp; In addition, issuance costs included legal fees of approximately $25,000.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The sum of the issuance costs was $83,760, and this cost was allocated as provided below:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;169&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;177&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;19&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;67&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Attributable to:&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Accounting Treatment&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Amount&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;The embedded conversion feature (derivative)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Expensed as incurred&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;55,999&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;The 8% Convertible Debenture Warrant&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Charged to additional paid-in capital&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;10,194&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;The 8% Convertible Debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Recorded as deferred issuance costs and amortized under the interest method over the term of the 8% Convertible Debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;17,567&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:15px; MARGIN:0px&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;83,760&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; In connection with the issuance of the Convertible Debenture due January 2015, on April 24, 2013, the Company prepared and filed a registration statement registering for resale the shares of its common stock which may be issued upon the conversion of the debenture consistent with the terms and conditions of the registration rights agreement the Company entered into with the holders of the registrable shares listed above. The registration statement was declared effective by the SEC on June 19, 2013.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company has agreed to maintain the effectiveness of the registration statement through the earlier of three years from the date of the issuance of the Convertible Debenture due January 2015 or until Rule 144 of the Securities Act is available to the holders to allow them to sell all of their registrable securities thereunder.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;The derivative liability related to the embedded conversion feature was revalued at each reporting period as well as on the date of all conversions, as discussed, below.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;As of October 31, 2013, the Company determined the fair value of the derivative liability to be $540,000, and accordingly, during the year ended October 31, 2013, the Company recorded a gain on the change in the fair value of the derivative liability of approximately $475,000. &amp;nbsp;&amp;nbsp;&amp;nbsp;As of October 31, 2014, the Company determined the fair value of the derivative liability to be $-0-, as the full value of the Convertible Debenture due January 2015 was converted and/or repaid in full during the year ended October 31, 2014 and accordingly, during the year ended October 31, 2014, the Company recorded a loss on the change in the fair value of the derivative of approximately $1,131,000. &amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;As of October 31, 2013, the Company calculated the fair value of the embedded conversion feature of the Convertible Debenture due January 2015 using a Monte Carlo simulation, with the observable assumptions as provided in the table below. &amp;nbsp;The significant unobservable inputs used in the fair value measurement of the reporting entity&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s embedded conversion feature are expected stock prices, levels of trading and liquidity of the Company stock, probability of default of the host instrument, and loss severity in the event of such default. &amp;nbsp;Significant increases in the expected stock prices and expected liquidity would result in a significantly higher fair value measurement.&amp;nbsp; Significant increases in either the probability or severity of default of the host instrument would result in a significantly lower fair value measurement.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;380&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;13&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;67&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;80&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;October 31,&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$ &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;4.875&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Conversion price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$ &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;3.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock premium for liquidity&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;42%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;1.25&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;115%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;0.3%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Trials&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;100,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$ &amp;nbsp;540,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;The fair value of the derivative liability associated with the conversions and repayments of the Convertible Debenture due January 2015 was approximately $1,671,000 immediately prior to the conversions and repayments.&lt;/font&gt;&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;As of April 30, 2014, the Convertible Debenture due January 2015 was extinguished in full.&amp;nbsp;&amp;nbsp;However, the Company needed to determine the fair value of the derivative liability for the embedded conversion feature immediately prior to the conversion, in order to determine the change in the fair value of the derivative for the period.&amp;nbsp;The Company determined to measure the derivative immediately prior to the conversion at its intrinsic value, since this method most fairly measured the value of the derivative liability.&amp;nbsp;The intrinsic value computation is provided below.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;426&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;6&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;83&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;April 30,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;2014&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Stock price used for valuation&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;8.50&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;left&quot;&gt;266.68 shares issued per $1,000 face value&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Aggregate intrinsic value of the $1,150,000 of principal outstanding on April 30, 2014, immediately prior to conversion and repayment&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;1,456,797&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;The amortization of debt discount related to the Convertible Debenture due January 2015 was approximately $-0- and $233,000, for the years ended October 31, 2015 and 2014, respectively.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;During the year ended October 31, 2013, holders of $325,000 and $5,878 of principal and interest, respectively, of the Convertible Debenture due January 2015, converted their holdings into an aggregate of 86,671 and 805 shares of Common Stock.&amp;nbsp; During the year ended October 31, 2014, holders of $1,240,000 and $9,000 of principal and interest, respectively, of the Convertible Debenture due January 2015, converted their holdings into an aggregate of 330,683 and 1,185 shares of common stock and holders of $200,000 of principal of the Convertible Debenture due January 2015 consented to prepayment (without conversion) of obligations to them under the instrument&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s prepayment provisions. During the year ended October 31, 2014, in connection with these conversions and prepayments, the Company recorded losses on extinguishment of debt in the amount of $482,915.&amp;nbsp; These losses represent the excess of the fair value of Common Stock on the date of conversion over the net book value of the debt on the date of conversion.&amp;nbsp; Since the conversion feature on the Convertible Debenture due January 2015 was determined to be a derivative liability, the net book value includes both the value of the debt, net of discount, and the portion of the derivative liability related to its conversion feature. &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;The loss on extinguishment of debt was calculated as follows:&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;372&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;9&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;79&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;88&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Year Ended&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;October 31,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;2014&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Face value of debt converted&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;1,440,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Less: discount&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(658,232)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Plus: fair value of derivative liability&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;1,670,704&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Net book value of debt converted&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;2,452,472&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Fair value of common stock issued&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;2,935,387&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Loss on extinguishment of debt&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;(482,915)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Convertible Debenture due November 2016&lt;/u&gt; &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In November 2013, the Company received aggregate gross proceeds of $3,500,000 from the issuance of 6% convertible debentures due November 11, 2016 (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Convertible Debenture due November 2016&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;).&amp;nbsp;The debentures paid interest annually and were convertible into shares of our common stock at a conversion price of $4.73 per share on or before November 11, 2016.&amp;nbsp; The embedded conversion feature had certain weighted average anti-dilution protection provisions which would be triggered if the Company issues its common stock, or certain common stock equivalents, (as defined) at a price below $3.55 per share.&amp;nbsp; The Company had the option to pay any interest on the debentures in common stock based on 90% of the volume weighted average closing sales price of our common stock for the 30 trading days immediately preceding the interest payment date. &amp;nbsp;In conjunction with the issuance of the debentures, the Company issued warrants (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Convertible Debenture Warrant&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) to purchase 369,979 shares of its common stock.&amp;nbsp; Each warrant granted the holder the right to purchase one share of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock at an initial fixed purchase price of $9.46 per share (see discussion below of amendment to warrant exercise price) on or before November 11, 2016.&amp;nbsp; The Convertible Debenture Warrant may be exercised on a cashless basis only if there is not an effective registration statement covering such shares.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company determined, based upon authoritative guidance, that the conversion feature embedded within the Convertible Debenture due November 2016 should be valued separately and bifurcated from the host instrument and accounted for as a free-standing derivative liability and that the Convertible Debenture Warrant should also be valued and accounted for separately as an equity instrument.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company determined the fair value of each of the three elements included within the Convertible Debenture due November 2016.&amp;nbsp;The debenture portion (without the conversion feature) bearing interest at 6% was determined to be a debt instrument with a fair value of $2,710,000.&amp;nbsp; The embedded conversion feature was determined to be a derivative liability with a fair value of $1,570,000.&amp;nbsp;The Convertible Debenture Warrant was determined to be an equity instrument with a fair value of $740,000.&amp;nbsp; The Company determined the fair value of each of these instruments based upon the assumptions and methodologies as discussed below.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Since the Convertible Debenture Warrant was determined to be an equity instrument, the Company first computed the relative fair value of the Convertible Debenture due November 2016 (including the value of its conversion feature) with a fair value of $4,280,000 and the Convertible Debenture Warrant with a fair value of $740,000.&amp;nbsp;&amp;nbsp; Accordingly, the relative fair value of the Convertible Debenture Warrant and the Convertible Debenture due November 2016 (including the value of its conversion feature) was determined to be $515,936 and $2,984,064, respectively.&amp;nbsp; Then, from the relative fair value of the Convertible Debenture due November 2016, the Company deducted in full the fair value of the embedded conversion feature of $1,570,000.&amp;nbsp;&amp;nbsp;The discount of $2,085,936 applied to the face value of the Convertible Debenture due November 2016 consists of the sum of the relative fair value of the Convertible Debenture Warrant of $515,936 and the full value of the bifurcated conversion option derivative liability of $1,570,000.&amp;nbsp; The Convertible Debenture due November 2016 was recorded at a net value of $1,414,064, representing its face value of $3,500,000, less aggregate discounts for the derivative liability and warrant of $2,085,936, as summarized in the table below.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;351&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;83&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;8&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;101&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Face value of Convertible Debenture due November 2016&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:6px&quot; align=&quot;right&quot;&gt;3,500,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:13px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Fair value of embedded conversion feature&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;1,570,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:13px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Relative fair value of Convertible Debenture Warrant&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;515,936&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:13px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Discount&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;2,085,936&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;(2,085,936)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Proceeds attributable to the Convertible Debenture due November 2016&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;92&quot; colspan=&quot;2&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:6px&quot; align=&quot;right&quot;&gt;1,414,064&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Accordingly, the Company accounted for the full amount of the discount as an offset to the Convertible Debenture due November 2016, amortizable under the effective interest method over the term of the debenture.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company calculated the fair value of the embedded conversion feature of the Convertible Debenture due November 2016 using a Monte Carlo simulation, with the observable assumptions as provided in the table below.&amp;nbsp;The significant unobservable inputs used in the fair value measurement of the reporting entity&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s embedded conversion feature are expected stock prices, levels of trading and liquidity of the Company stock, probability of default of the host instrument, and loss severity in the event of such default. Significant increases in the expected stock prices and expected liquidity would result in a significantly higher fair value measurement.&amp;nbsp;Significant increases in either the probability or severity of default of the host instrument would result in a significantly lower fair value measurement.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;286&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;384&quot; colspan=&quot;3&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;97&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;November 11,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;5.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Conversion price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;4.725&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Discount for lack of marketability&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;35.5%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;3.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;102.8%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;0.62%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Trials&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;100,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;1,570,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;The Company calculated the fair value of the Convertible Debenture Warrant issued on November 11, 2013 using a Black Scholes Model, with the observable assumptions as provided in the table below. The significant unobservable inputs used in the fair value measurement of the reporting entity&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s warrant value are expected stock prices, levels of trading and liquidity of the Company stock, probability of default of the host instrument, and loss severity in the event of such default. Significant increases in the expected stock prices and expected liquidity would result in a significantly higher fair value measurement.&amp;nbsp;Significant increases in either the probability or severity of default of the host instrument would result in a significantly lower fair value measurement:&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;286&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;97&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;November 11,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;5.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Exercise price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;9.45&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Discount for lack of marketability&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;22%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;3.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;102.8%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;0.6%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Number of warrants&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;369,979&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;740,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company determined the fair value of the Convertible Debenture due November 2016 by preparing an analysis of discounted cash flows, using a discount rate of 16.0%, which the Company deemed appropriate given the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s current risk scenarios. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:60px&quot;&gt;&amp;nbsp;In connection with the issuance of the Convertible Debenture due November 2016, the Company incurred legal costs which were allocated as provided below:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;164&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;9&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;131&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;9&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;57&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;Attributable to:&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;Accounting Treatment&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;69&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;Amount&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;The embedded conversion feature (derivative)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Expensed as incurred&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;8,593&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;The 8% Convertible Debenture Warrant&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Charged to additional paid-in capital&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;2,824&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;The 8% Convertible Debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Recorded as deferred issuance costs and amortized under the interest method over the term of the 8% Convertible Debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;7,739&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:13px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;19,156&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In connection with the issuance of the Convertible Debenture due November 2016, on February 7, 2014, the Company prepared and filed a registration statement registering for resale the shares of its common stock which may be issued upon the conversion of the debenture and exercise of the warrant consistent with the terms and conditions of the debenture agreement the Company entered into with the holders of the registrable shares listed above.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company has agreed to maintain the effectiveness of the registration statement through the earlier of three years from the date of the issuance of the Convertible Debenture due November 2016 or until Rule 144 of the Securities Act is available to the holders to allow them to sell all of their registrable securities thereunder.&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;On September 9, 2014, holders of $3,500,000 and approximately $173,000 of principal and interest, respectively, of the Convertible Debenture due November 2016, converted their holdings into an aggregate of 739,958 shares of common stock the (&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Conversion Common Stock&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;).&amp;nbsp;&amp;nbsp; In addition, the Company exchanged and reissued the warrant for the purchase of 369,979 shares of common stock, and upon the reissuance, lowered the exercise price to $7.75 per share.&amp;nbsp;&amp;nbsp; There was no change to the term of the warrant.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Immediately after the conversion, the holders exchanged 639,158 shares of the Conversion Common Stock into 3,500 shares of Series A Convertible Preferred Stock.&amp;nbsp;Shortly thereafter, the Company retired and cancelled the 639,158 shares of common stock received in the exchange.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:42px&quot; align=&quot;justify&quot;&gt;In connection with this conversion, the Company recorded a loss on conversion/exchange of approximately $2,216,000, as summarized below. This loss represents the excess of the fair value of the common stock issued, net of the shares of common stock exchanged for the issuance of 3,500 shares of Series A Convertible Preferred Stock, plus the fair value of the Series A Convertible Preferred Stock, on the date of the conversion, over the net book value of the debt on the date of conversion. Since the conversion feature on the Convertible Debenture due November 2016 was determined to be a derivative liability, the net book value includes the value of the debt, net of debt discount and deferred issuance costs, plus accrued interest and the derivative liability related to the conversion feature (after being marked to market) on the conversion date, and the change in the fair value of the warrant on the date of the conversion.&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt; Because the conversion rate of the Series A Convertible Preferred Stock of $&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;4.73&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt; per share was less than the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s closing stock price on the date of this transaction, the Company determined that the Series A Convertible Preferred Stock contained a &lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;beneficial&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt; conversion feature. The &lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;beneficial&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt; conversion feature was recorded in additional paid-in-capital as a result of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s accumulated deficit&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;. &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The loss on extinguishment of debt was determined as follows:&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;444&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;105&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;116&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&lt;font style=&quot;text-decoration: underline;&quot;&gt;Securities extinguished:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;top&quot; width=&quot;116&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;Face value of convertible debenture converted&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;3,500,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Less: debt discount&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;(1,684,801)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Less: deferred issuance costs&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;(7,739)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot; height=&quot;4&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Plus: accrued interest&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot; height=&quot;4&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot; height=&quot;4&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;173,833&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Plus: fair value of derivative liability&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;1,032,241&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Plus: fair value of warrant exchanged in connection with the conversion&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;805,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Net book value of converted debenture, accrued interest, derivative &amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;liability and warrant exchanged&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;3,818,534&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&lt;font style=&quot;text-decoration: underline;&quot;&gt;Securities issued in conversion/exchange:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;Fair value of 100,800 shares of common stock issued, net (739,958&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;shares of Conversion Common Stock issued, less 639,158 shares&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;exchanged for 3,500 shares of Series A Convertible Preferred Stock)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;617,400&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;Fair value of 3,500 shares of Series A Convertible Preferred Stock (based&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;on a stated value per share of $1,000 and a conversion rate of $4.73)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;4,532,241&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;Fair value of warrant issued September 9, 2014&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;885,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 24px; margin: 0px; padding-right: 2px;&quot;&gt;Subtotal of securities issued in conversion/exchange&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;6,034,641&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;(Loss) on conversion/exchange&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;(2,216,107)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;On September 9, 2014, the Convertible Debenture due November 2016 was extinguished in full.&amp;nbsp;&amp;nbsp;The Company needed to determine the fair value of the derivative liability for the embedded conversion feature immediately prior to the conversion, in order to determine the change in the fair value of the derivative for the period.&amp;nbsp;The Company determined to measure the derivative immediately prior to the conversion at its intrinsic value, since this method most fairly measured the value of the derivative liability.&amp;nbsp;The intrinsic value computation is provided below.&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;265&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;17&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;101&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;119&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;On September 9,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;2014&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Stock price used for valuation&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;6.125&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;211.4 shares issued per $1,000 of face value&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:12px; MARGIN:0px; PADDING-RIGHT:2px; TEXT-INDENT:-12px&quot;&gt;Aggregate gross intrinsic value of the $3,500,000 of principal outstanding on September 8, 2014, immediately prior to conversion&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;4,532,241&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:12px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Less the face value of the convertible debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;(3,500,000)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Intrinsic value of the derivative conversion feature&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;&amp;nbsp;1,032,241&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The derivative liability related to the embedded conversion feature was revalued at each reporting period as well as on the date of all conversions.&amp;nbsp;The value of the derivative liability associated with the conversion of the Convertible Debenture due November 2016 during the year ended October 31, 2014 was approximately $1,032,000. As of October 31, 2014, the Company determined the fair value of the derivative liability to be $-0-, as the full value of the Convertible Debenture due November 2016 was converted in full during the year ended October 31, 2014. &amp;nbsp;During the year ended October 31, 2014, the Company recorded gains on the change in fair value of the derivative liability of approximately $538,000.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company calculated the fair value of the embedded conversion feature of the Convertible Debenture due November 2016 using a Monte Carlo simulation. The significant unobservable inputs used in the fair value measurement of the reporting entity&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s embedded conversion feature are expected stock prices, levels of trading and liquidity of the Company stock, probability of default of the host instrument, and loss severity in the event of such default. &amp;nbsp;Significant increases in the expected stock prices and expected liquidity would result in a significantly higher fair value measurement.&amp;nbsp;Significant increases in either the probability or severity of default of the host instrument would result in a significantly lower fair value measurement.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The amortization of debt discount related to the Convertible Debenture due November 2016 for the years ended October 31, 2015 and 2014 was approximately $-0- and $401,000, respectively.&lt;/p&gt;&lt;br/&gt;</us-gaap:DebtDisclosureTextBlock>
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  <us-gaap:DebtConversionConvertedInstrumentSharesIssued1 unitRef="shares" contextRef="c129_From30Sep2014To30Sep2014_ConvertibleDebentureDueNovember2016Member" decimals="INF">739958</us-gaap:DebtConversionConvertedInstrumentSharesIssued1>
  <us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights unitRef="shares" contextRef="c128_AsOf30Sep2014_ConvertibleDebentureDueNovember2016Member" decimals="INF">369979</us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights>
  <us-gaap:DebtInstrumentConvertibleConversionPrice1 unitRef="usdPershares" contextRef="c128_AsOf30Sep2014_ConvertibleDebentureDueNovember2016Member" decimals="2">7.75</us-gaap:DebtInstrumentConvertibleConversionPrice1>
  <us-gaap:ConversionOfStockSharesConverted1 unitRef="shares" contextRef="c129_From30Sep2014To30Sep2014_ConvertibleDebentureDueNovember2016Member" decimals="INF">639158</us-gaap:ConversionOfStockSharesConverted1>
  <us-gaap:ConversionOfStockSharesIssued1 unitRef="shares" contextRef="c129_From30Sep2014To30Sep2014_ConvertibleDebentureDueNovember2016Member" decimals="INF">3500</us-gaap:ConversionOfStockSharesIssued1>
  <itus:RetirementAndCancellationOfShares unitRef="shares" contextRef="c129_From30Sep2014To30Sep2014_ConvertibleDebentureDueNovember2016Member" decimals="INF">639158</itus:RetirementAndCancellationOfShares>
  <itus:GainLossOnSharesConversion unitRef="usd" contextRef="c129_From30Sep2014To30Sep2014_ConvertibleDebentureDueNovember2016Member" decimals="0">2216000</itus:GainLossOnSharesConversion>
  <itus:EquityInstrumentConvertibleConversionPrice unitRef="usdPershares" contextRef="c128_AsOf30Sep2014_ConvertibleDebentureDueNovember2016Member" decimals="2">4.73</itus:EquityInstrumentConvertibleConversionPrice>
  <us-gaap:DerivativeLiabilitiesCurrent unitRef="usd" contextRef="c130_AsOf31Oct2014_ConvertibleDebentureDueNovember2016Member" decimals="0">1032000</us-gaap:DerivativeLiabilitiesCurrent>
  <us-gaap:DerivativeFairValueOfDerivativeNet unitRef="usd" contextRef="c130_AsOf31Oct2014_ConvertibleDebentureDueNovember2016Member" decimals="0">0</us-gaap:DerivativeFairValueOfDerivativeNet>
  <us-gaap:DerivativeGainLossOnDerivativeNet unitRef="usd" contextRef="c131_From1Nov2013To31Oct2014_ConvertibleDebentureDueNovember2016Member" decimals="0">538000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:AmortizationOfDebtDiscountPremium unitRef="usd" contextRef="c127_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="0">0</us-gaap:AmortizationOfDebtDiscountPremium>
  <us-gaap:AmortizationOfDebtDiscountPremium unitRef="usd" contextRef="c131_From1Nov2013To31Oct2014_ConvertibleDebentureDueNovember2016Member" decimals="0">401000</us-gaap:AmortizationOfDebtDiscountPremium>
  <us-gaap:ConvertibleDebtTableTextBlock contextRef="c132_From1Nov2014To31Oct2015_ConvertibleDebentureDueJanuary2015Member">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;256&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;8&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;87&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;6&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;6&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Face value of Convertible Debenture due January 2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;1,765,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:15px; MARGIN:0px&quot;&gt;Fair value of embedded conversion feature&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;1,180,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:15px; MARGIN:0px&quot;&gt;Relative fair value of Convertible Debenture Warrant&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;214,819&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:15px; MARGIN:0px&quot;&gt;Discount&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;1,394,819&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;(1,394,819)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;256&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Proceeds attributable to the Convertible Debenture due January 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;8&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;370,181&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ConvertibleDebtTableTextBlock>
  <itus:WarrantsNotSettleableInCashRelativeFairValueDisclosure unitRef="usd" contextRef="c110_AsOf31Oct2015_ConvertibleDebentureDueJanuary2015Member" decimals="0">214819</itus:WarrantsNotSettleableInCashRelativeFairValueDisclosure>
  <us-gaap:LongTermDebt unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">370181</us-gaap:LongTermDebt>
  <us-gaap:ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock contextRef="c133_From1Nov2014To31Oct2015_ConvertibleDebentureDueJanuary2015Member_ConvertibleDebenturesEmbeddedConversionFeatureMember">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;363&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;13&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;83&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;97&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;January 25,&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;5.25&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Conversion price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;3.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock premium for liquidity&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;57%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;2.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;110%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;0.3%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Trials&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;100,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;1,180,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;380&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;13&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;67&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;80&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;October 31,&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$ &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;4.875&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Conversion price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$ &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;3.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock premium for liquidity&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;42%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;1.25&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;115%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;0.3%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Trials&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;right&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;100,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$ &amp;nbsp;540,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;380&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock>
  <us-gaap:SharePrice unitRef="usdPershares" contextRef="c134_AsOf25Jan2013_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="2">5.25</us-gaap:SharePrice>
  <us-gaap:DebtInstrumentConvertibleConversionPrice1 unitRef="usdPershares" contextRef="c134_AsOf25Jan2013_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="2">3.75</us-gaap:DebtInstrumentConvertibleConversionPrice1>
  <itus:StockPremiumForLiquidity unitRef="pure" contextRef="c135_From25Jan2013To25Jan2013_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="2">0.57</itus:StockPremiumForLiquidity>
  <us-gaap:FairValueAssumptionsExpectedTerm contextRef="c135_From25Jan2013To25Jan2013_ConvertibleDebenturesEmbeddedConversionFeatureMember">P2Y</us-gaap:FairValueAssumptionsExpectedTerm>
  <us-gaap:FairValueAssumptionsExpectedVolatilityRate unitRef="pure" contextRef="c135_From25Jan2013To25Jan2013_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="2">1.10</us-gaap:FairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:FairValueAssumptionsRiskFreeInterestRate unitRef="pure" contextRef="c135_From25Jan2013To25Jan2013_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="3">0.003</us-gaap:FairValueAssumptionsRiskFreeInterestRate>
  <itus:Trials unitRef="shares" contextRef="c135_From25Jan2013To25Jan2013_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="INF">100000</itus:Trials>
  <us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability unitRef="usd" contextRef="c134_AsOf25Jan2013_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="0">1180000</us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
  <us-gaap:SharePrice unitRef="usdPershares" contextRef="c136_AsOf31Oct2014_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="3">4.875</us-gaap:SharePrice>
  <us-gaap:DebtInstrumentConvertibleConversionPrice1 unitRef="usdPershares" contextRef="c136_AsOf31Oct2014_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="2">3.75</us-gaap:DebtInstrumentConvertibleConversionPrice1>
  <itus:StockPremiumForLiquidity unitRef="pure" contextRef="c137_From1Nov2013To31Oct2014_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="2">0.42</itus:StockPremiumForLiquidity>
  <us-gaap:FairValueAssumptionsExpectedTerm contextRef="c137_From1Nov2013To31Oct2014_ConvertibleDebenturesEmbeddedConversionFeatureMember">P1Y3M</us-gaap:FairValueAssumptionsExpectedTerm>
  <us-gaap:FairValueAssumptionsExpectedVolatilityRate unitRef="pure" contextRef="c137_From1Nov2013To31Oct2014_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="2">1.15</us-gaap:FairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:FairValueAssumptionsRiskFreeInterestRate unitRef="pure" contextRef="c137_From1Nov2013To31Oct2014_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="3">0.003</us-gaap:FairValueAssumptionsRiskFreeInterestRate>
  <itus:Trials unitRef="shares" contextRef="c137_From1Nov2013To31Oct2014_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="INF">100000</itus:Trials>
  <us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability unitRef="usd" contextRef="c136_AsOf31Oct2014_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="0">540000</us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
  <us-gaap:ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock contextRef="c138_From1Nov2014To31Oct2015_ConvertibleDebentureDueJanuary2015Member_ConvertibleDebentureWarrantMember">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;363&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;13&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;76&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;January 25,&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;5.25&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Exercise price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;7.50&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Stock premium for liquidity&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;38%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;3.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Warrant exercise trigger price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;41%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;95%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;0.4%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Number of warrants&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;5,882,745&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;363&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;13&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;76&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;370,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock>
  <us-gaap:SharePrice unitRef="usdPershares" contextRef="c139_AsOf25Jan2013_ConvertibleDebentureWarrantMember" decimals="2">5.25</us-gaap:SharePrice>
  <us-gaap:FairValueAssumptionsExercisePrice unitRef="usdPershares" contextRef="c139_AsOf25Jan2013_ConvertibleDebentureWarrantMember" decimals="2">7.50</us-gaap:FairValueAssumptionsExercisePrice>
  <itus:StockPremiumForLiquidity unitRef="pure" contextRef="c140_From25Jan2013To25Jan2013_ConvertibleDebentureWarrantMember" decimals="2">0.38</itus:StockPremiumForLiquidity>
  <us-gaap:FairValueAssumptionsExpectedTerm contextRef="c140_From25Jan2013To25Jan2013_ConvertibleDebentureWarrantMember">P3Y</us-gaap:FairValueAssumptionsExpectedTerm>
  <itus:WarrantExerciseTriggerPrice unitRef="pure" contextRef="c140_From25Jan2013To25Jan2013_ConvertibleDebentureWarrantMember" decimals="2">0.41</itus:WarrantExerciseTriggerPrice>
  <us-gaap:FairValueAssumptionsExpectedVolatilityRate unitRef="pure" contextRef="c140_From25Jan2013To25Jan2013_ConvertibleDebentureWarrantMember" decimals="2">0.95</us-gaap:FairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:FairValueAssumptionsRiskFreeInterestRate unitRef="pure" contextRef="c140_From25Jan2013To25Jan2013_ConvertibleDebentureWarrantMember" decimals="3">0.004</us-gaap:FairValueAssumptionsRiskFreeInterestRate>
  <us-gaap:ClassOfWarrantOrRightOutstanding unitRef="shares" contextRef="c139_AsOf25Jan2013_ConvertibleDebentureWarrantMember" decimals="INF">5882745</us-gaap:ClassOfWarrantOrRightOutstanding>
  <us-gaap:WarrantsNotSettleableInCashFairValueDisclosure unitRef="usd" contextRef="c139_AsOf25Jan2013_ConvertibleDebentureWarrantMember" decimals="0">370000</us-gaap:WarrantsNotSettleableInCashFairValueDisclosure>
  <itus:ScheduleOfDebtIssuanceCostTableTextBlock contextRef="c132_From1Nov2014To31Oct2015_ConvertibleDebentureDueJanuary2015Member">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;169&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;14&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;177&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;12&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;19&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;67&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Attributable to:&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Accounting Treatment&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;87&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot; align=&quot;center&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Amount&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;The embedded conversion feature (derivative)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Expensed as incurred&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;55,999&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;The 8% Convertible Debenture Warrant&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Charged to additional paid-in capital&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;10,194&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;The 8% Convertible Debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Recorded as deferred issuance costs and amortized under the interest method over the term of the 8% Convertible Debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:1px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;17,567&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;169&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:15px; MARGIN:0px&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;14&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;177&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;12&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;19&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;67&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;83,760&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</itus:ScheduleOfDebtIssuanceCostTableTextBlock>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c141_From1Nov2013To31Oct2014_ExpensedAsIncurredMember" decimals="0">55999</us-gaap:DebtIssuanceCosts>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c142_From1Nov2013To31Oct2014_ChargedToAdditionalPaidInCapitalMember" decimals="0">10194</us-gaap:DebtIssuanceCosts>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c143_From1Nov2013To31Oct2014_RecordedAsDeferredIssuanceCostsAndAmortizedUnderTheInterestMethodOverTheTermOfThe8ConvertibleDebentureMember" decimals="0">17567</us-gaap:DebtIssuanceCosts>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c7_From1Nov2013To31Oct2014" decimals="0">83760</us-gaap:DebtIssuanceCosts>
  <us-gaap:ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock contextRef="c132_From1Nov2014To31Oct2015_ConvertibleDebentureDueJanuary2015Member">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;426&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;6&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;83&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;April 30,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;2014&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Stock price used for valuation&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;8.50&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;left&quot;&gt;266.68 shares issued per $1,000 face value&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Aggregate intrinsic value of the $1,150,000 of principal outstanding on April 30, 2014, immediately prior to conversion and repayment&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;1,456,797&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;426&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;6&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock>
  <us-gaap:SharePrice unitRef="usdPershares" contextRef="c144_AsOf30Apr2014_ConvertibleDebentureMember" decimals="2">8.50</us-gaap:SharePrice>
  <us-gaap:DebtConversionConvertedInstrumentType contextRef="c145_From30Apr2014To30Apr2014_ConvertibleDebentureMember">266.68 shares issued per $1,000 face value</us-gaap:DebtConversionConvertedInstrumentType>
  <us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability unitRef="usd" contextRef="c144_AsOf30Apr2014_ConvertibleDebentureMember" decimals="0">1456797</us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
  <us-gaap:DebtConversionConvertedInstrumentSharesIssued1 unitRef="shares" contextRef="c145_From30Apr2014To30Apr2014_ConvertibleDebentureMember" decimals="INF">266.68</us-gaap:DebtConversionConvertedInstrumentSharesIssued1>
  <us-gaap:DebtInstrumentCarryingAmount unitRef="usd" contextRef="c144_AsOf30Apr2014_ConvertibleDebentureMember" decimals="0">1150000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:ScheduleOfExtinguishmentOfDebtTextBlock contextRef="c132_From1Nov2014To31Oct2015_ConvertibleDebentureDueJanuary2015Member">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;372&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;9&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;79&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;88&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Year Ended&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;October 31,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;2014&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Face value of debt converted&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;1,440,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Less: discount&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(658,232)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Plus: fair value of derivative liability&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;1,670,704&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Net book value of debt converted&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;2,452,472&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Fair value of common stock issued&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;2,935,387&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;372&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;Loss on extinguishment of debt&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;79&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:2px; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;(482,915)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfExtinguishmentOfDebtTextBlock>
  <us-gaap:DebtInstrumentFaceAmount unitRef="usd" contextRef="c146_AsOf31Oct2014_ConvertibleDebentureDueJanuary2015Member" decimals="0">1440000</us-gaap:DebtInstrumentFaceAmount>
  <itus:ConvertibleDebtDiscount unitRef="usd" contextRef="c147_From1Nov2013To31Oct2014_ConvertibleDebentureDueJanuary2015Member" decimals="0">-658232</itus:ConvertibleDebtDiscount>
  <us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability unitRef="usd" contextRef="c146_AsOf31Oct2014_ConvertibleDebentureDueJanuary2015Member" decimals="0">1670704</us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
  <us-gaap:DebtInstrumentCarryingAmount unitRef="usd" contextRef="c146_AsOf31Oct2014_ConvertibleDebentureDueJanuary2015Member" decimals="0">2452472</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:StockIssued1 unitRef="usd" contextRef="c147_From1Nov2013To31Oct2014_ConvertibleDebentureDueJanuary2015Member" decimals="0">2935387</us-gaap:StockIssued1>
  <us-gaap:GainsLossesOnExtinguishmentOfDebt unitRef="usd" contextRef="c147_From1Nov2013To31Oct2014_ConvertibleDebentureDueJanuary2015Member" decimals="0">-482915</us-gaap:GainsLossesOnExtinguishmentOfDebt>
  <us-gaap:ConvertibleDebtTableTextBlock contextRef="c148_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;351&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;83&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;8&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;101&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Face value of Convertible Debenture due November 2016&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:6px&quot; align=&quot;right&quot;&gt;3,500,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:13px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Fair value of embedded conversion feature&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;1,570,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:13px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Relative fair value of Convertible Debenture Warrant&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;515,936&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:13px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Discount&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;83&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;2,085,936&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;(2,085,936)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;351&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Proceeds attributable to the Convertible Debenture due November 2016&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;92&quot; colspan=&quot;2&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:6px&quot; align=&quot;right&quot;&gt;1,414,064&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ConvertibleDebtTableTextBlock>
  <us-gaap:DebtInstrumentFaceAmount unitRef="usd" contextRef="c149_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="0">3500000</us-gaap:DebtInstrumentFaceAmount>
  <us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability unitRef="usd" contextRef="c149_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="0">1570000</us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
  <itus:WarrantsNotSettleableInCashRelativeFairValueDisclosure unitRef="usd" contextRef="c149_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="0">515936</itus:WarrantsNotSettleableInCashRelativeFairValueDisclosure>
  <us-gaap:DebtInstrumentUnamortizedDiscount unitRef="usd" contextRef="c149_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="0">2085936</us-gaap:DebtInstrumentUnamortizedDiscount>
  <us-gaap:ConvertibleDebt unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">1414064</us-gaap:ConvertibleDebt>
  <us-gaap:ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock contextRef="c150_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;286&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;384&quot; colspan=&quot;3&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px; LINE-HEIGHT:0.05pt&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;97&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;November 11,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;5.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Conversion price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;4.725&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Discount for lack of marketability&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;35.5%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;3.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;102.8%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;0.62%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Trials&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;100,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;1,570,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock>
  <us-gaap:SharePrice unitRef="usdPershares" contextRef="c151_AsOf11Nov2013_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="2">5.00</us-gaap:SharePrice>
  <us-gaap:DebtInstrumentConvertibleConversionPrice1 unitRef="usdPershares" contextRef="c151_AsOf11Nov2013_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="3">4.725</us-gaap:DebtInstrumentConvertibleConversionPrice1>
  <itus:DiscountForLackOfMarketability unitRef="pure" contextRef="c152_From11Nov2013To11Nov2013_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="3">0.355</itus:DiscountForLackOfMarketability>
  <us-gaap:FairValueAssumptionsExpectedTerm contextRef="c152_From11Nov2013To11Nov2013_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember">P3Y</us-gaap:FairValueAssumptionsExpectedTerm>
  <us-gaap:FairValueAssumptionsExpectedVolatilityRate unitRef="pure" contextRef="c152_From11Nov2013To11Nov2013_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="3">1.028</us-gaap:FairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:FairValueAssumptionsRiskFreeInterestRate unitRef="pure" contextRef="c152_From11Nov2013To11Nov2013_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="4">0.0062</us-gaap:FairValueAssumptionsRiskFreeInterestRate>
  <itus:Trials unitRef="shares" contextRef="c152_From11Nov2013To11Nov2013_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="INF">100000</itus:Trials>
  <us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability unitRef="usd" contextRef="c151_AsOf11Nov2013_ConvertibleDebentureDueNovember2016Member_ConvertibleDebenturesEmbeddedConversionFeatureMember" decimals="0">1570000</us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
  <us-gaap:ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock contextRef="c153_From1Nov2014To31Oct2015_ConvertibleDebentureWarrantMember">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;286&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;97&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;As of&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;November 11,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;2013&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Stock price on valuation date&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;5.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Exercise price&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;9.45&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Discount for lack of marketability&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;22%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Term (years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;3.00&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Expected volatility&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;102.8%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Weighted average risk-free interest rate&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;0.6%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Number of warrants&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;369,979&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;286&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Aggregate fair value&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;740,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock>
  <us-gaap:SharePrice unitRef="usdPershares" contextRef="c154_AsOf11Nov2013_A8ConvertibleDebentureWarrantMember" decimals="2">5.00</us-gaap:SharePrice>
  <us-gaap:FairValueAssumptionsExercisePrice unitRef="usdPershares" contextRef="c154_AsOf11Nov2013_A8ConvertibleDebentureWarrantMember" decimals="2">9.45</us-gaap:FairValueAssumptionsExercisePrice>
  <itus:DiscountForLackOfMarketability unitRef="pure" contextRef="c155_From11Nov2013To11Nov2013_A8ConvertibleDebentureWarrantMember" decimals="2">0.22</itus:DiscountForLackOfMarketability>
  <us-gaap:FairValueAssumptionsExpectedTerm contextRef="c155_From11Nov2013To11Nov2013_A8ConvertibleDebentureWarrantMember">P3Y</us-gaap:FairValueAssumptionsExpectedTerm>
  <us-gaap:FairValueAssumptionsExpectedVolatilityRate unitRef="pure" contextRef="c155_From11Nov2013To11Nov2013_A8ConvertibleDebentureWarrantMember" decimals="3">1.028</us-gaap:FairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:FairValueAssumptionsRiskFreeInterestRate unitRef="pure" contextRef="c155_From11Nov2013To11Nov2013_A8ConvertibleDebentureWarrantMember" decimals="3">0.006</us-gaap:FairValueAssumptionsRiskFreeInterestRate>
  <us-gaap:ClassOfWarrantOrRightOutstanding unitRef="shares" contextRef="c154_AsOf11Nov2013_A8ConvertibleDebentureWarrantMember" decimals="INF">369979</us-gaap:ClassOfWarrantOrRightOutstanding>
  <us-gaap:WarrantsNotSettleableInCashFairValueDisclosure unitRef="usd" contextRef="c154_AsOf11Nov2013_A8ConvertibleDebentureWarrantMember" decimals="0">740000</us-gaap:WarrantsNotSettleableInCashFairValueDisclosure>
  <itus:ScheduleOfDebtIssuanceCostTableTextBlock contextRef="c153_From1Nov2014To31Oct2015_ConvertibleDebentureWarrantMember">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;164&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;9&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;131&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;9&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;57&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;Attributable to:&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;Accounting Treatment&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;69&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;Amount&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;The embedded conversion feature (derivative)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Expensed as incurred&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;8,593&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;The 8% Convertible Debenture Warrant&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Charged to additional paid-in capital&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;2,824&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;The 8% Convertible Debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Recorded as deferred issuance costs and amortized under the interest method over the term of the 8% Convertible Debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;7,739&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;164&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:13px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Total&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;131&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;9&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;11&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;57&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;19,156&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</itus:ScheduleOfDebtIssuanceCostTableTextBlock>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c156_From1Nov2014To31Oct2015_ExpensedAsIncurredMember" decimals="0">8593</us-gaap:DebtIssuanceCosts>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c157_From1Nov2014To31Oct2015_ChargedToAdditionalPaidInCapitalMember" decimals="0">2824</us-gaap:DebtIssuanceCosts>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c158_From1Nov2014To31Oct2015_RecordedAsDeferredIssuanceCostsAndAmortizedUnderTheInterestMethodOverTheTermOfThe8ConvertibleDebentureMember" decimals="0">7739</us-gaap:DebtIssuanceCosts>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c6_From1Nov2014To31Oct2015" decimals="0">19156</us-gaap:DebtIssuanceCosts>
  <us-gaap:ScheduleOfExtinguishmentOfDebtTextBlock contextRef="c159_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member">&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;444&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;11&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;105&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;116&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&lt;font style=&quot;text-decoration: underline;&quot;&gt;Securities extinguished:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;top&quot; width=&quot;116&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;Face value of convertible debenture converted&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;3,500,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Less: debt discount&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;(1,684,801)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Less: deferred issuance costs&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;(7,739)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot; height=&quot;4&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Plus: accrued interest&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot; height=&quot;4&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot; height=&quot;4&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;173,833&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Plus: fair value of derivative liability&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;1,032,241&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Plus: fair value of warrant exchanged in connection with the conversion&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;805,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;Net book value of converted debenture, accrued interest, derivative &amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 13px; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;liability and warrant exchanged&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;3,818,534&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&lt;font style=&quot;text-decoration: underline;&quot;&gt;Securities issued in conversion/exchange:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;Fair value of 100,800 shares of common stock issued, net (739,958&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;shares of Conversion Common Stock issued, less 639,158 shares&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;exchanged for 3,500 shares of Series A Convertible Preferred Stock)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;617,400&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;Fair value of 3,500 shares of Series A Convertible Preferred Stock (based&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;on a stated value per share of $1,000 and a conversion rate of $4.73)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;4,532,241&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;Fair value of warrant issued September 9, 2014&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;885,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 24px; margin: 0px; padding-right: 2px;&quot;&gt;Subtotal of securities issued in conversion/exchange&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 6px;&quot; align=&quot;right&quot;&gt;6,034,641&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;444&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;(Loss) on conversion/exchange&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;11&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 2px;&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; background-color: #cceeff; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;105&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;(2,216,107)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfExtinguishmentOfDebtTextBlock>
  <us-gaap:DebtInstrumentFaceAmount unitRef="usd" contextRef="c160_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member_LongTermDebtMember" decimals="0">3500000</us-gaap:DebtInstrumentFaceAmount>
  <itus:ConvertibleDebtDiscount unitRef="usd" contextRef="c161_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member_LongTermDebtMember" decimals="0">-1684801</itus:ConvertibleDebtDiscount>
  <us-gaap:DebtIssuanceCosts unitRef="usd" contextRef="c161_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member_LongTermDebtMember" decimals="0">-7739</us-gaap:DebtIssuanceCosts>
  <us-gaap:DebtInstrumentIncreaseAccruedInterest unitRef="usd" contextRef="c161_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member_LongTermDebtMember" decimals="0">173833</us-gaap:DebtInstrumentIncreaseAccruedInterest>
  <us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability unitRef="usd" contextRef="c160_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member_LongTermDebtMember" decimals="0">1032241</us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
  <us-gaap:WarrantsNotSettleableInCashFairValueDisclosure unitRef="usd" contextRef="c160_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member_LongTermDebtMember" decimals="0">805000</us-gaap:WarrantsNotSettleableInCashFairValueDisclosure>
  <itus:NetBookValueOfConvertedDebentureAccruedInterestDerivativeLiabilityAndWarrantExchange unitRef="usd" contextRef="c149_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="0">3818534</itus:NetBookValueOfConvertedDebentureAccruedInterestDerivativeLiabilityAndWarrantExchange>
  <itus:StockIssuedFairValue unitRef="usd" contextRef="c162_AsOf31Oct2015_ConvertibleDebentureMember_ConvertibleDebentureDueNovember2016Member" decimals="0">617400</itus:StockIssuedFairValue>
  <itus:FairValueConvertiblePreferredStock unitRef="usd" contextRef="c163_From1Nov2014To31Oct2015_ConvertibleDebentureMember_ConvertibleDebentureDueNovember2016Member" decimals="0">4532241</itus:FairValueConvertiblePreferredStock>
  <itus:WarrantIssuedFairValue unitRef="usd" contextRef="c163_From1Nov2014To31Oct2015_ConvertibleDebentureMember_ConvertibleDebentureDueNovember2016Member" decimals="0">885000</itus:WarrantIssuedFairValue>
  <itus:SecuritiesIssuedInValue unitRef="usd" contextRef="c148_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="0">6034641</itus:SecuritiesIssuedInValue>
  <itus:GainLossOnSharesConversion unitRef="usd" contextRef="c148_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="0">-2216107</itus:GainLossOnSharesConversion>
  <us-gaap:CommonStockSharesIssued unitRef="shares" contextRef="c149_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="INF">100800</us-gaap:CommonStockSharesIssued>
  <us-gaap:ConversionOfStockNewIssuance contextRef="c148_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member">739,958</us-gaap:ConversionOfStockNewIssuance>
  <itus:SecuritiesIssuedInConversionExchangeShares unitRef="shares" contextRef="c148_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member" decimals="INF">639158</itus:SecuritiesIssuedInConversionExchangeShares>
  <us-gaap:PreferredStockSharesIssued unitRef="shares" contextRef="c164_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member_SeriesAPreferredStockMember" decimals="INF">3500</us-gaap:PreferredStockSharesIssued>
  <itus:ConvertiblePreferredStockSharesConvertedInitialStatedValue unitRef="usdPershares" contextRef="c164_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member_SeriesAPreferredStockMember" decimals="0">1000</itus:ConvertiblePreferredStockSharesConvertedInitialStatedValue>
  <itus:ConvertiblePreferredStockInitialConversionPrice unitRef="usdPershares" contextRef="c164_AsOf31Oct2015_ConvertibleDebentureDueNovember2016Member_SeriesAPreferredStockMember" decimals="2">4.73</itus:ConvertiblePreferredStockInitialConversionPrice>
  <us-gaap:ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock contextRef="c165_From1Nov2014To31Oct2015_ConvertibleDebentureDueNovember2016Member">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;265&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;17&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;101&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;119&quot; colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;On September 9,&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;center&quot;&gt;2014&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Stock price used for valuation&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;6.125&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;center&quot;&gt;211.4 shares issued per $1,000 of face value&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:12px; MARGIN:0px; PADDING-RIGHT:2px; TEXT-INDENT:-12px&quot;&gt;Aggregate gross intrinsic value of the $3,500,000 of principal outstanding on September 8, 2014, immediately prior to conversion&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;4,532,241&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:12px; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Less the face value of the convertible debenture&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot; align=&quot;right&quot;&gt;(3,500,000)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;265&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;Intrinsic value of the derivative conversion feature&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;17&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:2px&quot;&gt;&amp;nbsp;$&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;101&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px; BACKGROUND-COLOR:rgb(204,238,255)&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:4px&quot; align=&quot;right&quot;&gt;&amp;nbsp;1,032,241&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock>
  <us-gaap:SharePrice unitRef="usdPershares" contextRef="c166_AsOf9Sep2013_A8ConvertibleDebentureMember" decimals="3">6.125</us-gaap:SharePrice>
  <us-gaap:DebtConversionConvertedInstrumentType contextRef="c167_From9Sep2013To9Sep2013_A8ConvertibleDebentureMember">211.4 shares issued per $1,000 of face value</us-gaap:DebtConversionConvertedInstrumentType>
  <us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability unitRef="usd" contextRef="c166_AsOf9Sep2013_A8ConvertibleDebentureMember" decimals="0">4532241</us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
  <us-gaap:DebtInstrumentFaceAmount unitRef="usd" contextRef="c166_AsOf9Sep2013_A8ConvertibleDebentureMember" decimals="0">3500000</us-gaap:DebtInstrumentFaceAmount>
  <itus:DerivativeConversionFeatureIntrinsicValue unitRef="usd" contextRef="c167_From9Sep2013To9Sep2013_A8ConvertibleDebentureMember" decimals="0">1032241</itus:DerivativeConversionFeatureIntrinsicValue>
  <us-gaap:DebtConversionConvertedInstrumentSharesIssued1 unitRef="shares" contextRef="c167_From9Sep2013To9Sep2013_A8ConvertibleDebentureMember" decimals="INF">211.4</us-gaap:DebtConversionConvertedInstrumentSharesIssued1>
  <us-gaap:DebtInstrumentCarryingAmount unitRef="usd" contextRef="c166_AsOf9Sep2013_A8ConvertibleDebentureMember" decimals="0">3500000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px;&quot;&gt;&lt;br /&gt;6. &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;font style=&quot;text-decoration: underline;&quot;&gt;SHAREHOLDERS&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x2019;&lt;/font&gt; EQUITY&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Sale of Common Stock&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;On July 15, 2014, the Company, raised $4,000,000 of gross proceeds via a registered direct offering of its common stock to certain investors (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Investors&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Offering&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). The Company sold an aggregate of &lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;640,&lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;000 shares of common stock and warrants to purchase an aggregate of &lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;320,&lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;000 shares of common stock. The purchase price of one share of common stock and a warrant to purchase &amp;frac12; of a share of common stock was $&lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;6&lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;.25. &amp;nbsp;The warrants are exercisable immediately as of the date of issuance at an exercise price of $&lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;10.00 &lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;per share and expire five years from the date of issuance. The exercise price of the warrants is subject to customary adjustment in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions. &amp;nbsp;Under certain circumstances, the Company has the right to call for cancellation of warrants for which a notice of exercise has not yet been delivered for consideration equal to $.0&lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;25&lt;/font&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt; per share. &amp;nbsp;The Offering was effected as a takedown off the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s shelf registration statement on Form S-3, which became effective on April 25, 2014, pursuant to a prospectus supplement filed with the SEC.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;&lt;u&gt;Reverse Stock Split&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;font style=&quot;BACKGROUND-COLOR:rgb(255,255,255)&quot;&gt;On June 26, 2015, we effected a 1-for-25 reverse stock split (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Stock Split&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) of our issued common stock and preferred stock. &amp;nbsp;Each shareholders&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt; percentage ownership and proportional voting power remained unchanged as a result of the Stock Split. &amp;nbsp;All applicable share data, per share amounts and related information in the consolidated financial statements and notes thereto have been adjusted retroactively to give effect to the Stock Split. &amp;nbsp;As a result of the Stock Split, the number of shares of our common stock and preferred stock authorized was also decreased by the same proportion as the outstanding shares.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Common Stock Issuances&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;During the years ended October 31, 2015 and 2014, we issued 11,600 shares and 12,400 shares, respectively, of common stock to consultants for services rendered, pursuant to the 2010 Share Plan. &amp;nbsp;We recorded consulting expense for the years ended October 31, 2015 and 2014 of approximately $46,000 and $85,000, respectively, for shares of common stock issued to consultants. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:-6px&quot;&gt;&lt;u&gt;Stock&amp;nbsp;Option&amp;nbsp;Plans&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;As of October 31, 2015, we have two stock option plans: the 2003 Share Plan and the 2010 Share Plan which were adopted by our Board of Directors on April 21, 2003 and July 14, 2010, respectively.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The 2003 Share Plan provides for the grant of nonqualified stock options, stock appreciation rights, stock awards, performance awards and stock units to key employees and consultants. &amp;nbsp;The maximum number of shares of common stock in the 2003 Share Plan was 2,800,000 shares. The 2003 Share Plan was administered by the Stock Option Committee through June 2004, from June 2004 through July 2010, by the Board of Directors, from July 2010 through August 2012, by the Stock Option Committee, from August 2012 through November 2012, by the Executive Committee of the Board of Directors and since November 2012, by the Board of Directors, which determined the option price, term and provisions of each option. &amp;nbsp;The exercise price with respect to all of the options granted under the 2003 Share Plan since its inception was equal to the fair market value of the underlying common stock at the grant date. In accordance with the provisions of the 2003 Share Plan, the plan terminated with respect to the grant of future options on April 21, 2013.&lt;br /&gt;&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot;&gt;Information regarding the 2003 Share Plan for the two years ended October 31, 2015 is as follows:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;269&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;120&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Shares&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Weighted &lt;br /&gt;Average Exercise &lt;br /&gt;Price Per Share&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Aggregate &lt;br /&gt;Intrinsic Value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding at October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;625,554&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;18.00&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Exercised&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;(17,400)&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;3.63&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Forfeited&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;(114,163)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;19.75&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding &amp;nbsp;at October 31, 2014&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;493,991&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;18.00&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Exercised&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;(4,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;2.58&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Forfeited&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;(123,771)&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;14.71&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding and Exercisable at October 31, 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:#000000 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;366,200&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;17.86&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;61,665&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table summarizes information about stock options outstanding and exercisable under the 2003 Share Plan as of October 31, 2015:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;138&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;143&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;90&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;138&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Range of&lt;br /&gt;Exercise Prices&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Number&lt;br /&gt;Outstanding&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Remaining&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Contractual Life &lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;(in years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Exercise Price&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;138&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$ &amp;nbsp;1.79 - $ &amp;nbsp;9.25&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;73,880&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;1.75&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$ &amp;nbsp;2.91&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;138&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$14.75 - $17.25&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;59,600&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;1.33&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$16.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;138&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$18.75 - $23.00&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;192,720&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;1.14&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$21.57&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;138&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$29.25&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;40,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;1.80&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$29.25&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The 2010 Share Plan provides for the grant of nonqualified stock options, stock appreciation rights, stock awards, performance awards and stock units to key employees and consultants. &amp;nbsp;The maximum number of shares of common stock in the 2010 Share Plan was initially 600,000 shares. On July 6, 2011, the 2010 Share Plan was amended by our Board of Directors to increase the maximum number of shares of common stock in the plan to 1,080,000 shares and on August 29, 2012, the maximum number of shares in the plan was further increased to 1,200,000 shares. &amp;nbsp;On November 8, 2013, the Board of Directors approved an amendment to provide that effective November 8, 2013, the maximum aggregate number of shares available for future issuance will be 800,000 shares and that on the first business day in 2014 and on the first business day of each calendar year thereafter the maximum aggregate number of shares available for future issuance shall be replenished such that 800,000 shares will be available. Accordingly, on November 8, 2013, January 2, 2014 and January 2, 2015, the number of shares in the 2010 Share Plan was increased to 1,956,999 shares, 2,225,399 shares and 2,569,399 shares, respectively. &amp;nbsp;In addition, on November 8, 2013, the 2010 Share Plan was amended to provide that on January 2nd of each year commencing on January 2, 2014, each non-employee director of the Company at that time shall automatically be granted a 10 year stock option to purchase 12,000 shares of common stock (16,000 for the Chairman) that will vest in four equal quarterly installments. The 2010 Share Plan was administered by the Stock Option Committee through August 2012, from August 2012 through November 2012, by the Executive Committee of the Board of Directors and since November 2012, by the Board of Directors, which determines the option price, term and provisions of each option. The exercise price with respect to all of the options granted under the 2010 Share Plan was equal to the fair market value of the underlying common stock at the grant date. &amp;nbsp;As of October 31, 2015, the 2010 Share Plan had 988,995 shares available for future grants.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Information regarding the 2010 Share Plan as of October 31, 2015 is as follows: &lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;278&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:1px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Shares&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:1px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;Weighted Average Exercise Price Per Share&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:1px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Aggregate Intrinsic Value&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding at October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;119,360&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$6.13&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Granted&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;612,400&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$5.75&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Exercised&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(3,200)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;left&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$4.00&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding at October 31, &amp;nbsp;2014&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;728,560&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$5.75&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:7px; MARGIN:0px&quot;&gt;Granted&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;60,400&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$2.91&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Exercised&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(13,334)&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$2.58&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Forfeited&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(249,355)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$6.24&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding at October 31, &amp;nbsp;2015&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;526,271&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$3.33&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$ 471,292&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Exercisable at October 31, 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;406,149&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$3.40&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$ 342,572&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table summarizes information about stock options outstanding under the 2010 Share Plan as of October 31, 2015:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;96&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;24&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;72&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;65&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;Options Outstanding&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;Options Exercisable&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Range of&lt;br /&gt;Exercise&lt;br /&gt;Prices&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Number&lt;br /&gt;Outstanding&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual Life&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;(in years)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;72&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Exercise Price&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Number&lt;br /&gt;Exercisable&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual Life&lt;br /&gt;(in years)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Exercise Price&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;72&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$2.58 - $9.25&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;526,271&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;6.98&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;72&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$3.33&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;406,149&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;6.57&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$3.40&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;72&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;display: none; font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;.&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In addition to options granted under the 2003 Share Plan and the 2010 Share Plan, in September 2012, the Board of Directors approved the grant of stock options to purchase 1,660,000 shares and, during the year ended October 31, 2013, the Board of Directors approved the grant of stock options to purchase 120,000 shares.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Of the stock options granted in September 2012, nonqualified options to purchase 1,600,000 shares were issued to our new executive team, consisting of 640,000 stock options issued to our new President and Chief Executive Officer, 320,000 stock options issued to our new Senior Vice President of Engineering and 640,000 stock options issued to a new strategic advisor to the Company who was also a Director. &amp;nbsp;These stock options had an exercise price of $5.44 (the average of the high and the low sales price of the common stock on the trading day immediately preceding the approval of such options by the Board of Directors) and have a term of ten years. &amp;nbsp;Half of these stock options vest in 36 equal monthly installments commencing on October 31, 2012, provided that if the grantees are terminated by the Company without cause, an additional 12 months of vesting will be accelerated and such accelerated options will become immediately exercisable. &amp;nbsp;The balance of the stock options will vest in three equal installments upon achievement of a cash milestone, which was satisfied in the fourth quarter of fiscal 2013, and two stock price targets, which were not achieved in fiscal 2013. &amp;nbsp;In November 2013, in light of the cost and expense of revaluing the unvested portion of the performance-based stock options on a quarterly basis for financial reporting purposes, the Board of Directors approved an amendment to the performance-based stock options awarded on September 19, 2012 to the President and Chief Executive Officer, Senior Vice President of Engineering and the strategic advisor. The amendment modifies the option award&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s vesting conditions to provide that the unvested portion of the stock options vest in 23 consecutive monthly installments commencing November 30, 2013. &amp;nbsp;The fair value of these options was recalculated to reflect the change to service based options as of November 8, 2013 and the unrecognized compensation amount was adjusted to reflect the increase in fair value. &amp;nbsp;As of October 31, 2015, the options to purchase 1,600,000 shares were exercisable and had an intrinsic value of $1,832,000, based on our closing share price on October 31, 2015 of $3.72. &amp;nbsp;These stock options otherwise have the same terms and conditions as options granted under the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s 2010 Share Incentive Plan.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:14px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The remaining nonqualified stock options granted in September 2012 to purchase 60,000 shares consisted of grants of 30,000 stock options to our Chairman in compensation for his service as interim Chief Executive Officer of the Company and as compensation for his prior service as a director, and 30,000 stock options to a director in compensation for his service in recruiting the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s new management team. &amp;nbsp;These stock options had an exercise price of $5.56 (the average of the high and low sales price on September 21, 2012). &amp;nbsp;The options vest in 3 equal annual installments commencing on September 21, 2012 and have a term of ten years. &amp;nbsp;&amp;nbsp;As of October 31, 2015, these options were exercisable and had an intrinsic value of approximately $34,000&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;, based on our closing share price on October 31, 2015 of $3.72&lt;/font&gt;. &amp;nbsp;These stock options otherwise have the same terms and conditions as options granted under the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s 2010 Share Incentive Plan. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:14px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;During the year ended October 31, 2013, nonqualified stock options to purchase 120,000 shares were granted to our outside directors for service rendered to our Company. &amp;nbsp;Of these options, &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:14px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;(a) &amp;nbsp;In November 2012, nonqualified stock options to purchase 40,000 shares were issued to one of our directors as additional compensation for service in recruiting the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s new management team. &amp;nbsp;These options have an exercise price of $5.28 (the average of the high and low sales price on date of grant) and vested 13,334 shares upon grant and 13,333 shares in two annual installments commencing November 30, 2013. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:14px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;(b) In February 2013, nonqualified stock options to purchase 40,000 shares were issued to the Chairman of the Board. &amp;nbsp;These stock options had an exercise price of $5.88 (the average of the high and low sales price on date of grant) and vest 13,334 shares upon grant and 13,333 shares in two annual installments commencing February 15, 2014. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:14px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;(c) In March 2013, nonqualified stock options to purchase an aggregate of 40,000 shares were granted to the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s three outside directors. &amp;nbsp;Each of these stock options had an exercise price of $4.88 (the average of the high and low sales price on date of grant) and vest in four equal quarterly installments commencing March 31, 2013.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:14px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;As of October 31, 2015, the options to purchase 120,000 shares were exercisable and had an intrinsic value of approximately $92,000&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;, based on our closing share price on October 31, 2015 of $3.72&lt;/font&gt;. &amp;nbsp;These options otherwise have the same terms and conditions as options granted under the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s 2010 Share Incentive Plan.&amp;nbsp;&amp;nbsp;&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The following table summarizes information about the above outstanding and exercisable stock options that were not granted under the 2003 Share Plan or the 2010 Share Plan as of October 31, 2015:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;138&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;96&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;143&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;138&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Range of&lt;br /&gt;Exercise Prices&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Number&lt;br /&gt;Outstanding&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;143&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual Life&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;(in years)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Exercise &lt;br /&gt;Price&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;138&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$ 2.58 - $ 5.56&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;1,780,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;143&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;6.76&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$ &amp;nbsp;2.71&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;138&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;143&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;display: none; font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;.&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;On January 28, 2015, the Board of Directors authorized management of the Company to re-price issued and outstanding stock options for all of the officers, directors and employees of the Company, at any time prior to February 16, 2015. &amp;nbsp;On February 5, 2015, management acted to re-price 2,184,125 issued and outstanding stock options (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Re-Priced Options&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) pursuant to the authority granted by the Board of Directors. The new exercise price of the Re-Priced Options is $2.575, the closing sales price of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock on February 5, 2015. &amp;nbsp;All other terms of the previously granted Re-Priced Options remain the same. &amp;nbsp;The Company recorded additional stock-based compensation of approximately $297,000, as of February 5, 2015, related to this re-pricing. &amp;nbsp;This amount was determined to be the incremental value of the fair value of the Re-Priced Options compared to the fair value of the original option immediately before the re-pricing.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Preferred Stock&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;In May 1986, our shareholders authorized 200,000 shares of preferred stock with a par value of $100 per share. &amp;nbsp;The shares of preferred stock may be issued in series at the direction of the Board of Directors, and the relative rights, preferences and limitations of such shares will all be determined by the Board of Directors. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Series A Convertible Preferred&amp;nbsp;Stock&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;On September 9, 2014, the Company designated 140 shares of the preferred stock as Series A Convertible Preferred Stock, par value $100 per share, in accordance with the Certificate of Designation of Series A Convertible Preferred Stock filed with the Secretary of State of the State of Delaware on September 9, 2014 (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Series A Convertible Preferred Stock&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;On September 9, 2014, 140 shares of Series A Convertible Preferred Stock were issued in connection with the conversion of the Convertible Debenture due November 2016, as discussed further, in Note 5, &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Convertible Debentures&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt; herein.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;i&gt;Ranking&amp;nbsp;&lt;/i&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Series A Convertible Preferred Stock ranks senior to the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock, to all series of any other classes of equity which may be issued and to any indebtedness, unless the Company has obtained the prior written consent of the Series A Convertible Preferred Stock holder.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;i&gt;Optional Conversion&lt;/i&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Holders of the Series A Convertible Preferred Stock may at any time convert their shares of Series A Convertible Preferred Stock into such number of shares of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock in such an amount equal to (a) the stated value (initially $1,000) of the shares of Series A Convertible Preferred Stock being converted (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Stated Value&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), divided by the conversion price (initially $4.73) ( the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Series A Conversion Price&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), multiplied by (b) the number of shares of Series A Preferred Stock being converted. &amp;nbsp;In the event the Series A Convertible Preferred Stock is converted in part, the Company shall deliver a new certificate of like tenor in the amount equal to the remaining balance of the Series A Convertible Preferred Stock after giving effect to such partial conversion.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The holder shall not have the right to convert any portion of the Series A Convertible Preferred Stock if after giving effect to such conversion, the holder, together with any affiliate thereof, would beneficially own in excess of 4.99% of the number of shares of common stock outstanding immediately after giving effect to such conversion.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The embedded conversion option has certain anti-dilution protection provisions which would be triggered if the Company issues its common stock, or certain common stock equivalents, (as defined) at a price below $3.55 per share. &amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;i&gt;Mandatory Conversion&lt;/i&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;At any time after November 11, 2016, if and only if the average of the high and low trading prices of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s common stock for any 10 out of 20 consecutive trading days (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Measurement Period,&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;) exceeds the then Series A Conversion Price, as adjusted, the Company may convert any then outstanding shares of Series A Convertible Preferred Stock into shares of common stock (a &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Mandatory Conversion&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), provided, however, that any such Mandatory Conversion shall not require a holder to convert a number of shares of Series A Convertible Preferred Stock into an amount of Common Stock that would exceed 50% of the daily average trading volume of the common stock during the Measurement Period. Following November 11, 2016 and subject to the price and volume limitations set forth above, the Company may require such number of successive Mandatory Conversions as are necessary to convert all then outstanding Series A Convertible Preferred Stock. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;i&gt;Redemption&lt;/i&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;At any time on or after November 11, 2016 (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Redemption Date&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), and upon at least 60 days prior written notice to the Company (a &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Redemption Notice&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), any holder of the Series A Convertible Preferred Stock shall have a one-time right to require the Company to redeem all or some of its shares of Series A Convertible Preferred Stock (a &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Redemption&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;), for cash generated from a subsequent sale of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s equity securities. &amp;nbsp;&amp;nbsp;The redemption price shall be equal to the Stated Value for each share of Series A Convertible Preferred Stock (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Redemption Purchase Price&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;). &amp;nbsp;Upon receipt of a Redemption Notice, the Company shall complete a sale or sales of its equity securities for the purpose of accumulating net proceeds sufficient to pay the Redemption Purchase Price (it being understood by the holder of the Series A Convertible Preferred Stock that the Company may only redeem shares of Series A Convertible Preferred Stock with the proceeds from the sale of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s equity securities).&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;i&gt;Board and Observer Rights&lt;/i&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Each holder of Series A Convertible Preferred Stock shall have the right, upon 10 days&apos; prior written notice, to designate one representative, reasonably acceptable to the Company, who shall be entitled to attend and observe meetings of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s Board of Directors in a non-voting observer capacity (the &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Observer&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;).&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;&lt;i&gt;Accounting for the Series A Convertible Preferred Stock&lt;/i&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The Company determined that the economic characteristics and risks of the conversion feature and the preferred stock instrument were clearly and closely related as equity instruments and accordingly, the conversion feature would not require separate accounting. &amp;nbsp;&amp;nbsp;In addition, the redemption feature is contingent upon Series A Convertible Preferred Stock not being converted into common stock and upon the holders delivering a redemption notice to the Company. &amp;nbsp;&amp;nbsp;Further, the redemption purchase price may only be paid from the proceeds of a subsequent sale of equity securities. Accordingly, the Series A Convertible Preferred Stock was accounted for as an equity instrument. Further, b&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;ecause the conversion rate of the Series A Convertible Preferred Stock of $&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;4.73&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt; per share was less than the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s closing stock price on the date of this transaction, the Company determined that the Series A Convertible Preferred Stock contained a &lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;beneficial&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt; conversion feature. The &lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;beneficial &lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;conversion feature was recorded in additional paid-in-capital as a result of the Company&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8217;&lt;/font&gt;s accumulated deficit&lt;/font&gt;&lt;font style=&quot;FONT-SIZE:12pt&quot;&gt;.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
  <us-gaap:ProceedsFromIssuanceOfCommonStock unitRef="usd" contextRef="c168_From15Jul2014To15Jul2014" decimals="0">4000000</us-gaap:ProceedsFromIssuanceOfCommonStock>
  <us-gaap:StockIssuedDuringPeriodSharesNewIssues unitRef="shares" contextRef="c169_From15Jul2014To15Jul2014_CommonStockMember" decimals="INF">640000</us-gaap:StockIssuedDuringPeriodSharesNewIssues>
  <us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights unitRef="shares" contextRef="c170_AsOf15Jul2014_WarrantMember" decimals="INF">320000</us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights>
  <us-gaap:SharePrice unitRef="usdPershares" contextRef="c171_AsOf15Jul2014_CommonStockMember" decimals="2">6.25</us-gaap:SharePrice>
  <us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 unitRef="usdPershares" contextRef="c170_AsOf15Jul2014_WarrantMember" decimals="2">10.00</us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1>
  <itus:ClassOfWarrantOrRightExpirationPeriod contextRef="c172_From15Jul2014To15Jul2014_WarrantMember">P5Y</itus:ClassOfWarrantOrRightExpirationPeriod>
  <itus:CancellationOfWarrantsExercisePrice unitRef="usdPershares" contextRef="c172_From15Jul2014To15Jul2014_WarrantMember" decimals="3">0.025</itus:CancellationOfWarrantsExercisePrice>
  <us-gaap:StockIssuedDuringPeriodSharesIssuedForServices unitRef="shares" contextRef="c173_From1Nov2014To31Oct2015_EmployeeStockOptionMember_P2010SharePlanMember_ConsultantMember" decimals="INF">11600</us-gaap:StockIssuedDuringPeriodSharesIssuedForServices>
  <us-gaap:StockIssuedDuringPeriodSharesIssuedForServices unitRef="shares" contextRef="c174_From1Nov2013To31Oct2014_EmployeeStockOptionMember_P2010SharePlanMember_ConsultantMember" decimals="INF">12400</us-gaap:StockIssuedDuringPeriodSharesIssuedForServices>
  <itus:ConsultationFeesRelatedToOptions unitRef="usd" contextRef="c173_From1Nov2014To31Oct2015_EmployeeStockOptionMember_P2010SharePlanMember_ConsultantMember" decimals="0">46000</itus:ConsultationFeesRelatedToOptions>
  <itus:ConsultationFeesRelatedToOptions unitRef="usd" contextRef="c174_From1Nov2013To31Oct2014_EmployeeStockOptionMember_P2010SharePlanMember_ConsultantMember" decimals="0">85000</itus:ConsultationFeesRelatedToOptions>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized unitRef="shares" contextRef="c175_AsOf21Apr2003_P2003SharePlanMember" decimals="INF">2800000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized unitRef="shares" contextRef="c176_AsOf14Jul2010_P2010SharePlanMember" decimals="INF">600000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized unitRef="shares" contextRef="c177_AsOf6Jul2011_A2010SharePlanAmendmendMember" decimals="INF">1080000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized unitRef="shares" contextRef="c178_AsOf29Aug2012_A2010SharePlanAmendmendMember" decimals="INF">1200000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant unitRef="shares" contextRef="c179_AsOf8Nov2013_A2010SharePlanAmendmendMember" decimals="INF">800000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease unitRef="shares" contextRef="c180_From8Nov2013To8Nov2013_P2010SharePlanMember" decimals="INF">1956999</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease unitRef="shares" contextRef="c181_From2Jan2014To2Jan2014_P2010SharePlanMember" decimals="INF">2225399</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease unitRef="shares" contextRef="c182_From2Jan2015To2Jan2015_P2010SharePlanMember" decimals="INF">2569399</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod contextRef="c183_From2Jan2014To2Jan2014_EmployeeStockOptionMember_A2010SharePlanAmendmendMember">P10Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c184_From2Jan2014To2Jan2014_EmployeeStockOptionMember_A2010SharePlanAmendmendMember_NonEmployeeDirectorMember" decimals="INF">12000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c185_From2Jan2014To2Jan2014_EmployeeStockOptionMember_A2010SharePlanAmendmendMember_BoardOfDirectorsChairmanMember" decimals="INF">16000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant unitRef="shares" contextRef="c186_AsOf31Oct2015_P2010SharePlanMember" decimals="INF">988995</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized unitRef="shares" contextRef="c187_AsOf30Sep2012_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="INF">1660000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized unitRef="shares" contextRef="c188_AsOf31Oct2013_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="INF">120000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c189_From30Sep2012To30Sep2012_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="INF">1600000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c190_From30Sep2012To30Sep2012_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_PresidentAndChiefExecutiveOfficerMember" decimals="INF">640000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c191_From30Sep2012To30Sep2012_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_SeniorVicePresidentOfEngineeringMember" decimals="INF">320000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c192_From30Sep2012To30Sep2012_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_StrategicAdvisorMember" decimals="INF">640000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c189_From30Sep2012To30Sep2012_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="2">5.44</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod contextRef="c189_From30Sep2012To30Sep2012_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember">P10Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber unitRef="shares" contextRef="c193_AsOf31Oct2015_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="INF">1600000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 unitRef="usd" contextRef="c193_AsOf31Oct2015_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="0">1832000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c193_AsOf31Oct2015_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="2">3.72</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c194_From30Sep2012To30Sep2012_NonqualifiedStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="INF">60000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c195_From30Sep2012To30Sep2012_NonqualifiedStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_ChairmansCompensationMember" decimals="INF">30000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c196_From30Sep2012To30Sep2012_NonqualifiedStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_DirectorsAdditionalCompensationServiceMember" decimals="INF">30000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c194_From30Sep2012To30Sep2012_NonqualifiedStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="2">5.56</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod contextRef="c194_From30Sep2012To30Sep2012_NonqualifiedStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember">P10Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 unitRef="usd" contextRef="c197_AsOf31Oct2015_NonqualifiedStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="0">34000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c197_AsOf31Oct2015_NonqualifiedStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="2">3.72</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c198_From1Nov2012To31Oct2013_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_OutsideDirectorsMember" decimals="INF">120000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c199_From1Nov2012To30Nov2015_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_DirectorsAdditionalCompensationServiceMember" decimals="INF">40000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c200_From1Nov2012To30Nov2012_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_DirectorsAdditionalCompensationServiceMember" decimals="2">5.28</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares unitRef="shares" contextRef="c201_From30Nov2013To30Nov2013_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_DirectorsAdditionalCompensationServiceMember" decimals="INF">13334</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares unitRef="shares" contextRef="c202_From30Nov2014To30Nov2014_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_DirectorsAdditionalCompensationServiceMember" decimals="INF">13333</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c203_From1Feb2013To28Feb2013_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_BoardOfDirectorsChairmanMember" decimals="INF">40000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <itus:CommonStockAntidilutionThresholdPrice unitRef="usdPershares" contextRef="c204_AsOf28Feb2013_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_BoardOfDirectorsChairmanMember" decimals="2">5.88</itus:CommonStockAntidilutionThresholdPrice>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares unitRef="shares" contextRef="c205_From15Feb2014To15Feb2014_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_BoardOfDirectorsChairmanMember" decimals="INF">13334</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares unitRef="shares" contextRef="c206_From15Feb2015To15Feb2015_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_BoardOfDirectorsChairmanMember" decimals="INF">13333</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c207_From1Mar2013To31Mar2013_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_ThreeOutsideDirectorsMember" decimals="INF">40000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c207_From1Mar2013To31Mar2013_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_ThreeOutsideDirectorsMember" decimals="2">4.88</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber unitRef="shares" contextRef="c208_AsOf31Oct2015_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_OutsideDirectorsMember" decimals="INF">120000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 unitRef="usd" contextRef="c208_AsOf31Oct2015_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_OutsideDirectorsMember" decimals="0">92000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c208_AsOf31Oct2015_EmployeeStockOptionMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_OutsideDirectorsMember" decimals="2">3.72</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c209_AsOf5Feb2015_RePricedOptionsMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="INF">2184125</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c209_AsOf5Feb2015_RePricedOptionsMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="3">2.575</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c210_From5Feb2015To5Feb2015_RePricedOptionsMember_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="0">297000</us-gaap:ShareBasedCompensation>
  <us-gaap:PreferredStockSharesAuthorized unitRef="shares" contextRef="c211_AsOf31May1986_PreferredStockMember" decimals="INF">200000</us-gaap:PreferredStockSharesAuthorized>
  <us-gaap:PreferredStockParOrStatedValuePerShare unitRef="usdPershares" contextRef="c211_AsOf31May1986_PreferredStockMember" decimals="0">100</us-gaap:PreferredStockParOrStatedValuePerShare>
  <us-gaap:PreferredStockSharesAuthorized unitRef="shares" contextRef="c212_AsOf9Sep2014_SeriesAPreferredStockMember_ConvertiblePreferredStockMember" decimals="INF">140</us-gaap:PreferredStockSharesAuthorized>
  <us-gaap:PreferredStockParOrStatedValuePerShare unitRef="usdPershares" contextRef="c212_AsOf9Sep2014_SeriesAPreferredStockMember_ConvertiblePreferredStockMember" decimals="0">100</us-gaap:PreferredStockParOrStatedValuePerShare>
  <us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities unitRef="shares" contextRef="c213_From9Sep2014To9Sep2014_SeriesAPreferredStockMember_ConvertiblePreferredStockMember" decimals="INF">140</us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities>
  <itus:ConvertiblePreferredStockSharesConvertedInitialStatedValue unitRef="usdPershares" contextRef="c214_AsOf31Oct2015_SeriesAPreferredStockMember_ConvertiblePreferredStockMember" decimals="0">1000</itus:ConvertiblePreferredStockSharesConvertedInitialStatedValue>
  <itus:ConvertiblePreferredStockInitialConversionPrice unitRef="usdPershares" contextRef="c214_AsOf31Oct2015_SeriesAPreferredStockMember_ConvertiblePreferredStockMember" decimals="2">4.73</itus:ConvertiblePreferredStockInitialConversionPrice>
  <itus:CommonStockSharesOutstandingMaximumOwnershipPercentage unitRef="pure" contextRef="c214_AsOf31Oct2015_SeriesAPreferredStockMember_ConvertiblePreferredStockMember" decimals="4">0.0499</itus:CommonStockSharesOutstandingMaximumOwnershipPercentage>
  <itus:CommonStockAntidilutionThresholdPrice unitRef="usdPershares" contextRef="c214_AsOf31Oct2015_SeriesAPreferredStockMember_ConvertiblePreferredStockMember" decimals="2">3.55</itus:CommonStockAntidilutionThresholdPrice>
  <itus:ConvertiblePreferredStockMandatoryConversionMeasurmentPeriod contextRef="c215_From1Nov2014To31Oct2015_SeriesAPreferredStockMember_ConvertiblePreferredStockMember">the average of the high and low trading prices of the Company&amp;#8217;s common stock for any 10 out of 20 consecutive trading days</itus:ConvertiblePreferredStockMandatoryConversionMeasurmentPeriod>
  <itus:ConvertiblePreferredStockMandatoryConversionThresholdTradingVolumePercentage unitRef="pure" contextRef="c215_From1Nov2014To31Oct2015_SeriesAPreferredStockMember_ConvertiblePreferredStockMember" decimals="2">0.50</itus:ConvertiblePreferredStockMandatoryConversionThresholdTradingVolumePercentage>
  <itus:ConvertiblePreferredStockRedemptionNoticePeriod contextRef="c215_From1Nov2014To31Oct2015_SeriesAPreferredStockMember_ConvertiblePreferredStockMember">P60D</itus:ConvertiblePreferredStockRedemptionNoticePeriod>
  <itus:ConertiblePreferredStockObserverDesignationNoticePeriod contextRef="c215_From1Nov2014To31Oct2015_SeriesAPreferredStockMember_ConvertiblePreferredStockMember">P10D</itus:ConertiblePreferredStockObserverDesignationNoticePeriod>
  <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;269&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;120&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Shares&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Weighted &lt;br /&gt;Average Exercise &lt;br /&gt;Price Per Share&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td colspan=&quot;2&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid&quot; valign=&quot;bottom&quot;&gt; &lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;Aggregate &lt;br /&gt;Intrinsic Value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding at October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;625,554&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;18.00&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Exercised&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;(17,400)&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;3.63&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Forfeited&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;(114,163)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;19.75&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding &amp;nbsp;at October 31, 2014&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;493,991&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;18.00&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Exercised&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;(4,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&amp;nbsp;2.58&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Forfeited&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;(123,771)&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;14.71&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;269&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding and Exercisable at October 31, 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:#000000 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&lt;font style=&quot;FONT-SIZE:11pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;366,200&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;120&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;17.86&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td&gt;&lt;font size=&quot;3&quot; style=&quot;FONT-SIZE:11pt&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td width=&quot;112&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;61,665&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;278&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:1px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Shares&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:1px; MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;Weighted Average Exercise Price Per Share&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:1px; MARGIN:0px&quot; align=&quot;center&quot;&gt;Aggregate Intrinsic Value&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&lt;br /&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding at October 31, 2013&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;119,360&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$6.13&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Granted&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;612,400&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$5.75&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Exercised&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(3,200)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;left&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$4.00&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding at October 31, &amp;nbsp;2014&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;728,560&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$5.75&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; PADDING-LEFT:7px; MARGIN:0px&quot;&gt;Granted&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;60,400&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$2.91&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Exercised&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(13,334)&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$2.58&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;Forfeited&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(249,355)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$6.24&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;MARGIN:0px&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Outstanding at October 31, &amp;nbsp;2015&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;526,271&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$3.33&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$ 471,292&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;278&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;Options Exercisable at October 31, 2015&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 3px double; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px 0.04in 0px 0px; PADDING-RIGHT:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;406,149&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;132&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;$3.40&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt; &lt;/td&gt;
     &lt;td width=&quot;86&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;right&quot;&gt;&amp;nbsp;$ 342,572&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c216_AsOf31Oct2013_P2003SharePlanMember" decimals="INF">625554</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c216_AsOf31Oct2013_P2003SharePlanMember" decimals="2">18.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised unitRef="shares" contextRef="c217_From1Nov2013To31Oct2014_P2003SharePlanMember" decimals="INF">17400</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c217_From1Nov2013To31Oct2014_P2003SharePlanMember" decimals="2">3.63</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod unitRef="shares" contextRef="c217_From1Nov2013To31Oct2014_P2003SharePlanMember" decimals="INF">114163</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c217_From1Nov2013To31Oct2014_P2003SharePlanMember" decimals="2">19.75</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c218_AsOf31Oct2014_P2003SharePlanMember" decimals="INF">493991</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c218_AsOf31Oct2014_P2003SharePlanMember" decimals="2">18.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised unitRef="shares" contextRef="c219_From1Nov2014To31Oct2015_P2003SharePlanMember" decimals="INF">4000</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c219_From1Nov2014To31Oct2015_P2003SharePlanMember" decimals="2">2.58</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod unitRef="shares" contextRef="c219_From1Nov2014To31Oct2015_P2003SharePlanMember" decimals="INF">123771</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c219_From1Nov2014To31Oct2015_P2003SharePlanMember" decimals="2">14.71</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber unitRef="shares" contextRef="c220_AsOf31Oct2015_P2003SharePlanMember" decimals="INF">366200</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c220_AsOf31Oct2015_P2003SharePlanMember" decimals="2">17.86</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue unitRef="usd" contextRef="c220_AsOf31Oct2015_P2003SharePlanMember" decimals="0">61665</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c221_AsOf31Oct2013_P2010SharePlanMember" decimals="INF">119360</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c221_AsOf31Oct2013_P2010SharePlanMember" decimals="2">6.13</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c222_From1Nov2013To31Oct2014_P2010SharePlanMember" decimals="INF">612400</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c222_From1Nov2013To31Oct2014_P2010SharePlanMember" decimals="2">5.75</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised unitRef="shares" contextRef="c222_From1Nov2013To31Oct2014_P2010SharePlanMember" decimals="INF">3200</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c222_From1Nov2013To31Oct2014_P2010SharePlanMember" decimals="2">4.00</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c223_AsOf31Oct2014_P2010SharePlanMember" decimals="INF">728560</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c223_AsOf31Oct2014_P2010SharePlanMember" decimals="2">5.75</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c224_From1Nov2014To31Oct2015_P2010SharePlanMember" decimals="INF">60400</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c224_From1Nov2014To31Oct2015_P2010SharePlanMember" decimals="2">2.91</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised unitRef="shares" contextRef="c224_From1Nov2014To31Oct2015_P2010SharePlanMember" decimals="INF">13334</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c224_From1Nov2014To31Oct2015_P2010SharePlanMember" decimals="2">2.58</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod unitRef="shares" contextRef="c224_From1Nov2014To31Oct2015_P2010SharePlanMember" decimals="INF">249355</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c224_From1Nov2014To31Oct2015_P2010SharePlanMember" decimals="2">6.24</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c186_AsOf31Oct2015_P2010SharePlanMember" decimals="INF">526271</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c186_AsOf31Oct2015_P2010SharePlanMember" decimals="2">3.33</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue unitRef="usd" contextRef="c186_AsOf31Oct2015_P2010SharePlanMember" decimals="0">471292</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber unitRef="shares" contextRef="c186_AsOf31Oct2015_P2010SharePlanMember" decimals="INF">406149</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c186_AsOf31Oct2015_P2010SharePlanMember" decimals="2">3.40</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 unitRef="usd" contextRef="c186_AsOf31Oct2015_P2010SharePlanMember" decimals="0">342572</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1>
  <us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock contextRef="c219_From1Nov2014To31Oct2015_P2003SharePlanMember">&lt;table style=&quot;FONT-SIZE:10pt; MARGIN-TOP:0px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;FONT-SIZE:0px&quot;&gt;
     &lt;td width=&quot;138&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;96&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;143&quot; valign=&quot;bottom&quot;&gt; &lt;/td&gt;
     &lt;td width=&quot;90&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;138&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Range of&lt;br /&gt;Exercise Prices&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Number&lt;br /&gt;Outstanding&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Remaining&lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Contractual Life &lt;/p&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;(in years)&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;BORDER-BOTTOM:rgb(0,0,0) 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Exercise Price&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;138&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$ &amp;nbsp;1.79 - $ &amp;nbsp;9.25&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;73,880&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;1.75&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$ &amp;nbsp;2.91&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;138&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$14.75 - $17.25&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;59,600&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;1.33&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$16.75&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td width=&quot;138&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$18.75 - $23.00&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;192,720&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;1.14&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$21.57&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td width=&quot;138&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$29.25&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;96&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;40,000&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;143&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;1.80&lt;/p&gt;&lt;/td&gt;
     &lt;td width=&quot;90&quot; style=&quot;PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN-TOP:0px; PADDING-RIGHT:0px&quot; align=&quot;center&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px&quot; align=&quot;center&quot;&gt;$29.25&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions unitRef="shares" contextRef="c225_AsOf31Oct2015_RangeOfExercisePrices179To925Member" decimals="INF">73880</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 contextRef="c226_From1Nov2014To31Oct2015_RangeOfExercisePrices179To925Member">P1Y9M</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 unitRef="usdPershares" contextRef="c225_AsOf31Oct2015_RangeOfExercisePrices179To925Member" decimals="2">2.91</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions unitRef="shares" contextRef="c227_AsOf31Oct2015_RangeOfExercisePrices1475To1725Member" decimals="INF">59600</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 contextRef="c228_From1Nov2014To31Oct2015_RangeOfExercisePrices1475To1725Member">P1Y120D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 unitRef="usdPershares" contextRef="c227_AsOf31Oct2015_RangeOfExercisePrices1475To1725Member" decimals="2">16.75</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions unitRef="shares" contextRef="c229_AsOf31Oct2015_RangeOfExercisePrices1875To2300Member" decimals="INF">192720</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 contextRef="c230_From1Nov2014To31Oct2015_RangeOfExercisePrices1875To2300Member">P1Y51D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 unitRef="usdPershares" contextRef="c229_AsOf31Oct2015_RangeOfExercisePrices1875To2300Member" decimals="2">21.57</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions unitRef="shares" contextRef="c231_AsOf31Oct2015_RangeOfExercisePrices2925Member" decimals="INF">40000</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 contextRef="c232_From1Nov2014To31Oct2015_RangeOfExercisePrices2925Member">P1Y292D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 unitRef="usdPershares" contextRef="c231_AsOf31Oct2015_RangeOfExercisePrices2925Member" decimals="2">29.25</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
  <us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock contextRef="c224_From1Nov2014To31Oct2015_P2010SharePlanMember">&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;96&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;24&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;72&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;65&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;18&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;Options Outstanding&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;Options Exercisable&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Range of&lt;br /&gt;Exercise&lt;br /&gt;Prices&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Number&lt;br /&gt;Outstanding&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual Life&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;(in years)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;72&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Exercise Price&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Number&lt;br /&gt;Exercisable&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual Life&lt;br /&gt;(in years)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Exercise Price&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;72&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$2.58 - $9.25&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;526,271&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;6.98&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;72&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$3.33&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;406,149&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;6.57&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$3.40&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;72&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;77&quot;&gt;&lt;p style=&quot;display: none; font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;.&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions unitRef="shares" contextRef="c233_AsOf31Oct2015_P2010SharePlanMember_RangeOfExercisePrices258To925Member" decimals="INF">526271</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 contextRef="c234_From1Nov2014To31Oct2015_P2010SharePlanMember_RangeOfExercisePrices258To925Member">P6Y357D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 unitRef="usdPershares" contextRef="c233_AsOf31Oct2015_P2010SharePlanMember_RangeOfExercisePrices258To925Member" decimals="2">3.33</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions unitRef="shares" contextRef="c233_AsOf31Oct2015_P2010SharePlanMember_RangeOfExercisePrices258To925Member" decimals="INF">406149</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2 contextRef="c234_From1Nov2014To31Oct2015_P2010SharePlanMember_RangeOfExercisePrices258To925Member">P6Y208D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1 unitRef="usdPershares" contextRef="c233_AsOf31Oct2015_P2010SharePlanMember_RangeOfExercisePrices258To925Member" decimals="2">3.40</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1>
  <us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock contextRef="c235_From1Nov2014To31Oct2015_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember">&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td width=&quot;138&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;96&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;143&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td width=&quot;90&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;138&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Range of&lt;br /&gt;Exercise Prices&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Number&lt;br /&gt;Outstanding&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;143&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual Life&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;(in years)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;Weighted Average&lt;br /&gt;Exercise &lt;br /&gt;Price&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;138&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$ 2.58 - $ 5.56&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;1,780,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;143&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;6.76&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;$ &amp;nbsp;2.71&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;138&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;96&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;143&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;top&quot; width=&quot;90&quot;&gt;&lt;p style=&quot;display: none; font-size: 11pt; margin: 0px;&quot; align=&quot;center&quot;&gt;.&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions unitRef="shares" contextRef="c236_AsOf31Oct2015_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_RangeOfExercisePrices258To556Member" decimals="INF">1780000</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 contextRef="c237_From1Nov2014To31Oct2015_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_RangeOfExercisePrices258To556Member">P6Y277D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 unitRef="usdPershares" contextRef="c236_AsOf31Oct2015_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_RangeOfExercisePrices258To556Member" decimals="2">2.71</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px;&quot;&gt;&lt;br /&gt;7. &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;font style=&quot;text-decoration: underline;&quot;&gt;COMMITMENTS AND CONTINGENCIES&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; CLEAR:left; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Patent Acquisition Obligations&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;As of October 31, 2015, we have incurred obligations due no later than November 2017 related to the acquisition of patents, which have a discounted present value of approximately $3,688,000, and which amount will be reduced by royalties paid during the period, if any. &amp;nbsp;The payment due in November 2017 is payable at the option of the Company in cash or common stock. &amp;nbsp;We recorded interest expense of approximately $452,000 and $386,000, respectively, for the &amp;nbsp;years ended October 31, 2015 and 2014, for the accretion of interest on patent acquisition obligations. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Leases&lt;/u&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We lease approximately 3,000 square feet of office space in Los Angeles, California pursuant to a lease that expires March 30, 2016. &amp;nbsp;As of October 31, 2015, our non-cancelable operating lease commitments for the year ending October 31, 2016 was approximately $44,000. &amp;nbsp;Rent expense for the years ended October 31, 2015 and 2014, was approximately $100,000 and $109,000, respectively. &amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;&lt;u&gt;Litigation Matters&lt;/u&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;On December 29, 2014, we settled our lawsuit against AUO which had been filed on January 28, 2013. For a more detailed description of the settlement with AUO see Note 1, &lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8220;&lt;/font&gt;Business and Funding - Description of Business - AUO Lawsuit and Settlement&lt;font style=&quot;FONT-FAMILY:Arial Unicode MS,Times New Roman&quot;&gt;&amp;#8221;&lt;/font&gt;.&lt;br /&gt;&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;Other than suits we bring to enforce our patent rights we are not a party to any material pending legal proceedings other than that which arise in the ordinary course of business. &amp;nbsp;We believe that any liability that may ultimately result from the resolution of these matters will not, individually or in the aggregate, have a material adverse effect on our financial position or results of operations.&lt;/p&gt;&lt;br/&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <itus:PatentAcquisitionObligationsDiscountedPresentValue unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">3688000</itus:PatentAcquisitionObligationsDiscountedPresentValue>
  <itus:InterestExpensePatentAcquisitionObligations unitRef="usd" contextRef="c6_From1Nov2014To31Oct2015" decimals="0">452000</itus:InterestExpensePatentAcquisitionObligations>
  <itus:InterestExpensePatentAcquisitionObligations unitRef="usd" contextRef="c7_From1Nov2013To31Oct2014" decimals="0">386000</itus:InterestExpensePatentAcquisitionObligations>
  <us-gaap:AreaOfLand unitRef="sqm" contextRef="c238_AsOf31Oct2015_PropertyAvailableForOperatingLeaseMember_LosAngelesCaliforniaMember" decimals="0">3000</us-gaap:AreaOfLand>
  <us-gaap:OperatingLeasesFutureMinimumPaymentsDue unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">44000</us-gaap:OperatingLeasesFutureMinimumPaymentsDue>
  <us-gaap:LeaseAndRentalExpense unitRef="usd" contextRef="c6_From1Nov2014To31Oct2015" decimals="0">100000</us-gaap:LeaseAndRentalExpense>
  <us-gaap:LeaseAndRentalExpense unitRef="usd" contextRef="c7_From1Nov2013To31Oct2014" decimals="0">109000</us-gaap:LeaseAndRentalExpense>
  <us-gaap:IncomeTaxDisclosureTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px;&quot;&gt;&lt;br /&gt;8. &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;font style=&quot;text-decoration: underline;&quot;&gt;INCOME TAXES&lt;/font&gt; &amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px&quot; align=&quot;justify&quot;&gt;Income tax provision (benefit) consists of the following:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;5&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;Year Ended October 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Federal:&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 12px;&quot;&gt;Current&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 12px;&quot;&gt;Deferred&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;(487,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;(1,606,000)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;State:&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 12px;&quot;&gt;Current&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 12px;&quot;&gt;Deferred&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;(120,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;(1,000)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 24px; margin: 0px; text-indent: -24px;&quot;&gt;Adjustment to valuation allowance related&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 24px; margin: 0px; text-indent: -24px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;to net deferred tax assets&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;607,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 20px; float: left; margin-top: 0px; text-indent: 4px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;1,607,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&lt;font style=&quot;color: #000000; font-family: times new roman,times; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; display: none ! important; float: none; background-color: #ffffff;&quot;&gt;Income tax provision (benefit)&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot; valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot; valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;The tax effects of temporary differences that give rise to significant portions of the deferred tax asset, net, at October 31, 2015 and 2014, are as follows:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Long-term deferred tax assets:&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;340&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Federal and state NOL and tax credit carryforwards&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;114&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;31,261,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;31,864,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Deferred compensation&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;6,522,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;5,437,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot; width=&quot;340&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Intangibles&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot; width=&quot;114&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px; text-indent: 35px;&quot; align=&quot;right&quot;&gt;483,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Other&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px; text-indent: 35px;&quot; align=&quot;right&quot;&gt;282,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;359,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;340&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Subtotal&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;114&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;38,548,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;37,660,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;340&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Less: valuation allowance&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; width=&quot;114&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 7px;&quot; align=&quot;right&quot;&gt;(38,548,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 7px;&quot; align=&quot;right&quot;&gt;(37,660,000)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 16px;&quot;&gt;Deferred tax asset, net&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;As of October 31, 2015, we had tax net operating loss and tax credit carryforwards of approximately $75,642,000 and $1,110,000, respectively, available within statutory limits (expiring at various dates between 2016 and 2035), to offset any future regular Federal corporate taxable income and taxes payable. &amp;nbsp;If the tax benefits relating to deductions of option holders&lt;font style=&quot;font-family: Arial Unicode MS,Times New Roman;&quot;&gt;&amp;#x2019;&lt;/font&gt; income are ultimately realized, those benefits will be credited directly to additional paid-in capital. &amp;nbsp;Certain changes in stock ownership can result in a limitation on the amount of net operating loss and tax credit carryovers that can be utilized each year. As of October 31, 2015, management has not determined the extent of any such limitations, if any.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;margin-bottom: 16px; font-size: 11pt; margin-top: 0px; text-indent: 48px;&quot; align=&quot;justify&quot;&gt;We had New York State tax net operating loss and tax credit carryforwards of approximately $72,505,000 and $11,000, respectively, and California tax net operating loss carryforward of approximately $2,803,000, as of October 31, 2015, available within statutory limits (expiring at various dates between 2016 and 2035), to offset future corporate taxable income and taxes payable, if any, under certain computations of such taxes.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;We have provided a valuation allowance against our deferred tax asset due to our current and historical pre-tax losses and the uncertainty regarding their realizability. &amp;nbsp;The primary differences from the Federal statutory rate of 34% and the effective rate of 0% is attributable to certain permanent differences and a change in the valuation allowance. &amp;nbsp;The following is a reconciliation of income taxes at the Federal statutory tax rate to income tax expense (benefit):&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot; width=&quot;288&quot;&gt;&lt;p style=&quot;border-bottom: #000000 1px solid; padding-bottom: 1px; margin: 0px;&quot; align=&quot;center&quot;&gt;Year Ended October 31,&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;144&quot;&gt;&lt;p style=&quot;border-bottom: #000000 1px solid; padding-bottom: 1px; margin: 0px;&quot; align=&quot;center&quot;&gt;2015&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;144&quot;&gt;&lt;p style=&quot;border-bottom: #000000 1px solid; padding-bottom: 1px; margin: 0px;&quot; align=&quot;center&quot;&gt;2014&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Income tax benefit at U.S.&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Federal statutory income&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Tax rate&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(469,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;(34.00%)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(3,266,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;(34.00%)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;State income taxes&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;(117,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;(8.50%)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(6,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;(.06%)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Permanent differences&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;1,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;.10%&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;1,529,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;15.92%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Expiring net operating&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;losses, credits and other&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(22,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;(1.60%)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;115,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;1.19%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;padding-left: 24px; margin: 0px; text-indent: -24px;&quot;&gt;Foreign rate difference on&lt;/p&gt;&lt;p style=&quot;padding-left: 24px; margin: 0px; text-indent: -24px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;impairment&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;0%&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;21,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;.22%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Change in valuation &amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;allowance&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;607,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;44.00%&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;1,607,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;16.73%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Income tax provision&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;$ &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;0%&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;$ &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;0%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;MARGIN-BOTTOM:16px; FONT-SIZE:11pt; MARGIN-TOP:0px; TEXT-INDENT:48px&quot; align=&quot;justify&quot;&gt;During the two fiscal years ended October 31, 2015, we incurred no Federal and no State income taxes. &amp;nbsp;We have no unrecognized tax benefits as of October 31, 2015 and 2014 and we account for interest and penalties related to income tax matters in marketing, general and administrative expenses. &amp;nbsp;Tax years to which our net operating losses relate remain open to examination by Federal authorities and other jurisdictions to the extent which the net operating losses have yet to be utilized.&lt;br /&gt;&lt;/p&gt;&lt;br/&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:OperatingLossCarryforwards unitRef="usd" contextRef="c239_AsOf31Oct2015_FederalCorporateTaxableMember" decimals="0">75642000</us-gaap:OperatingLossCarryforwards>
  <us-gaap:TaxCreditCarryforwardAmount unitRef="usd" contextRef="c239_AsOf31Oct2015_FederalCorporateTaxableMember" decimals="0">1110000</us-gaap:TaxCreditCarryforwardAmount>
  <itus:OperatingLossCarryforwardAndTaxCreditCarryforwardExpirationDateRange contextRef="c6_From1Nov2014To31Oct2015">expiring at various dates between 2016 and 2035</itus:OperatingLossCarryforwardAndTaxCreditCarryforwardExpirationDateRange>
  <us-gaap:OperatingLossCarryforwards unitRef="usd" contextRef="c240_AsOf31Oct2015_NewYorkStateMember" decimals="0">72505000</us-gaap:OperatingLossCarryforwards>
  <us-gaap:TaxCreditCarryforwardAmount unitRef="usd" contextRef="c240_AsOf31Oct2015_NewYorkStateMember" decimals="0">11000</us-gaap:TaxCreditCarryforwardAmount>
  <us-gaap:OperatingLossCarryforwards unitRef="usd" contextRef="c241_AsOf31Oct2015_CaliforniaStateMember" decimals="0">2803000</us-gaap:OperatingLossCarryforwards>
  <us-gaap:EffectiveIncomeTaxRateContinuingOperations unitRef="pure" contextRef="c6_From1Nov2014To31Oct2015" decimals="2">0.00</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
  <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr style=&quot;font-size: 0px;&quot;&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;5&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;Year Ended October 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Federal:&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 12px;&quot;&gt;Current&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 12px;&quot;&gt;Deferred&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;(487,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;(1,606,000)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;State:&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 12px;&quot;&gt;Current&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 12px;&quot;&gt;Deferred&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;(120,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;(1,000)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;270&quot;&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 24px; margin: 0px; text-indent: -24px;&quot;&gt;Adjustment to valuation allowance related&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; padding-left: 24px; margin: 0px; text-indent: -24px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;to net deferred tax assets&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;607,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;margin-bottom: -2px; font-size: 11pt; width: 20px; float: left; margin-top: 0px; text-indent: 4px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;1,607,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;270&quot;&gt;&lt;font style=&quot;color: #000000; font-family: times new roman,times; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; display: none ! important; float: none; background-color: #ffffff;&quot;&gt;Income tax provision (benefit)&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot; valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td valign=&quot;bottom&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot; valign=&quot;bottom&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;108&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
  <us-gaap:CurrentFederalTaxExpenseBenefit unitRef="usd" contextRef="c6_From1Nov2014To31Oct2015" xs:nil="true"/>
  <us-gaap:CurrentFederalTaxExpenseBenefit unitRef="usd" contextRef="c7_From1Nov2013To31Oct2014" xs:nil="true"/>
  <us-gaap:DeferredFederalIncomeTaxExpenseBenefit unitRef="usd" contextRef="c6_From1Nov2014To31Oct2015" decimals="0">-487000</us-gaap:DeferredFederalIncomeTaxExpenseBenefit>
  <us-gaap:DeferredFederalIncomeTaxExpenseBenefit unitRef="usd" contextRef="c7_From1Nov2013To31Oct2014" decimals="0">-1606000</us-gaap:DeferredFederalIncomeTaxExpenseBenefit>
  <us-gaap:CurrentStateAndLocalTaxExpenseBenefit unitRef="usd" contextRef="c6_From1Nov2014To31Oct2015" xs:nil="true"/>
  <us-gaap:CurrentStateAndLocalTaxExpenseBenefit unitRef="usd" contextRef="c7_From1Nov2013To31Oct2014" xs:nil="true"/>
  <us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit unitRef="usd" contextRef="c6_From1Nov2014To31Oct2015" decimals="0">-120000</us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit>
  <us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit unitRef="usd" contextRef="c7_From1Nov2013To31Oct2014" decimals="0">-1000</us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit>
  <us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability unitRef="usd" contextRef="c6_From1Nov2014To31Oct2015" decimals="0">607000</us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability>
  <us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability unitRef="usd" contextRef="c7_From1Nov2013To31Oct2014" decimals="0">1607000</us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability>
  <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot; colspan=&quot;2&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Long-term deferred tax assets:&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;340&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Federal and state NOL and tax credit carryforwards&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;font-size: 11pt;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;114&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;31,261,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;31,864,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Deferred compensation&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;6,522,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;5,437,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot; width=&quot;340&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Intangibles&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot; width=&quot;114&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px; text-indent: 35px;&quot; align=&quot;right&quot;&gt;483,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Other&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px; text-indent: 35px;&quot; align=&quot;right&quot;&gt;282,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;359,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;340&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Subtotal&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;114&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;38,548,000&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;37,660,000&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px; margin-top: 0px; padding: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;25&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;340&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px;&quot;&gt;Less: valuation allowance&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; width=&quot;114&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 7px;&quot; align=&quot;right&quot;&gt;(38,548,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; width=&quot;102&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 7px;&quot; align=&quot;right&quot;&gt;(37,660,000)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px; text-indent: 16px;&quot;&gt;Deferred tax asset, net&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: 0px;&quot;&gt;&amp;nbsp;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;font style=&quot;font-size: medium;&quot;&gt;$&lt;/font&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double;&quot;&gt;&lt;p style=&quot;font-size: 11pt; margin: 0px 0.04in 0px 0px; padding-right: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

  &lt;/table&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
  <itus:FederalAndStateNOLAndTaxCreditCarryforwards unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">31261000</itus:FederalAndStateNOLAndTaxCreditCarryforwards>
  <itus:FederalAndStateNOLAndTaxCreditCarryforwards unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">31864000</itus:FederalAndStateNOLAndTaxCreditCarryforwards>
  <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">6522000</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits>
  <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">5437000</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits>
  <us-gaap:DeferredTaxAssetsGoodwillAndIntangibleAssets unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">483000</us-gaap:DeferredTaxAssetsGoodwillAndIntangibleAssets>
  <us-gaap:DeferredTaxAssetsGoodwillAndIntangibleAssets unitRef="usd" contextRef="c1_AsOf31Oct2014" xs:nil="true"/>
  <us-gaap:DeferredTaxAssetsOther unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">282000</us-gaap:DeferredTaxAssetsOther>
  <us-gaap:DeferredTaxAssetsOther unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">359000</us-gaap:DeferredTaxAssetsOther>
  <us-gaap:DeferredTaxAssetsGross unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">38548000</us-gaap:DeferredTaxAssetsGross>
  <us-gaap:DeferredTaxAssetsGross unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">37660000</us-gaap:DeferredTaxAssetsGross>
  <us-gaap:DeferredTaxAssetsValuationAllowance unitRef="usd" contextRef="c0_AsOf31Oct2015" decimals="0">38548000</us-gaap:DeferredTaxAssetsValuationAllowance>
  <us-gaap:DeferredTaxAssetsValuationAllowance unitRef="usd" contextRef="c1_AsOf31Oct2014" decimals="0">37660000</us-gaap:DeferredTaxAssetsValuationAllowance>
  <us-gaap:DeferredTaxAssetsNet unitRef="usd" contextRef="c0_AsOf31Oct2015" xs:nil="true"/>
  <us-gaap:DeferredTaxAssetsNet unitRef="usd" contextRef="c1_AsOf31Oct2014" xs:nil="true"/>
  <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="c6_From1Nov2014To31Oct2015">&lt;table style=&quot;font-size: 10pt; margin-top: 0px;&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; align=&quot;center&quot;&gt;

    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot; width=&quot;288&quot;&gt;&lt;p style=&quot;border-bottom: #000000 1px solid; padding-bottom: 1px; margin: 0px;&quot; align=&quot;center&quot;&gt;Year Ended October 31,&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;144&quot;&gt;&lt;p style=&quot;border-bottom: #000000 1px solid; padding-bottom: 1px; margin: 0px;&quot; align=&quot;center&quot;&gt;2015&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot; width=&quot;144&quot;&gt;&lt;p style=&quot;border-bottom: #000000 1px solid; padding-bottom: 1px; margin: 0px;&quot; align=&quot;center&quot;&gt;2014&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Income tax benefit at U.S.&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Federal statutory income&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;Tax rate&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(469,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;(34.00%)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;$&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(3,266,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;(34.00%)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;State income taxes&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;(117,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;(8.50%)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(6,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;(.06%)&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Permanent differences&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;1,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;.10%&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;1,529,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;15.92%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Expiring net operating&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;losses, credits and other&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(22,000)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;(1.60%)&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;115,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;1.19%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;padding-left: 24px; margin: 0px; text-indent: -24px;&quot;&gt;Foreign rate difference on&lt;/p&gt;&lt;p style=&quot;padding-left: 24px; margin: 0px; text-indent: -24px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;impairment&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;0%&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;21,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;.22%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Change in valuation &amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;allowance&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;607,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;44.00%&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 1px solid; margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;1,607,000&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; valign=&quot;bottom&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;&amp;nbsp;16.73%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style=&quot;background-color: #cceeff;&quot;&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;168&quot;&gt;&lt;p style=&quot;margin: 0px;&quot;&gt;Income tax provision&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;$ &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;0%&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;border-bottom: #000000 3px double; margin-top: 0px; padding: 0px;&quot; width=&quot;84&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;$ &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;-&lt;/p&gt;&lt;/td&gt;
     &lt;td style=&quot;margin-top: 0px; padding: 0px;&quot; width=&quot;60&quot;&gt;&lt;p style=&quot;margin: 0px;&quot; align=&quot;right&quot;&gt;0%&lt;/p&gt;&lt;/td&gt;
    &lt;/tr&gt;

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