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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended
--- | ---
Oct. 31, 2015 | Oct. 31, 2014
Revenue: |  |
Revenue from licensing activities | $ 255,000 | $ 2,480,000
Amortization of display technology development and license fees received from AU Optronics Corporation in fiscal year 2011 |  | 1,187,320
Settlement with AU Optronics Corporation | 9,000,000 |
Total revenue | 9,255,000 | 3,667,320
Operating costs and expenses: |  |
Inventor royalties and contingent legal fees | 147,670 | 1,412,661
Litigation and licensing expenses | 3,500,852 | 575,413
Amortization of patents | 325,291 | 314,453
Marketing, general and administrative expenses (including non-cash stock option compensation expense of $2,676,309 and $3,149,799, respectively) | 6,225,946 | 6,408,861
Total operating costs and expenses | 10,199,759 | 8,711,388
Loss from operations | $ (944,759) | (5,044,068)
Impairment in value of Videocon Industries Limited global depository receipts |  | (62,825)
Change in value of derivative liability (Note 5) |  | (592,945)
Loss on extinguishment of debt (Note 5) |  | (2,699,022)
Interest expense (Notes 5 and 7) | $ (451,906) | (1,263,617)
Dividend income |  | 47,568
Interest income | $ 17,622 | 8,595
Loss before income taxes | $ (1,379,043) | $ (9,606,314)
Provision for income taxes (Note 8) |  |
Net loss | $ (1,379,043) | $ (9,606,314)
Net loss per share: |  |
Basic and diluted (in Dollars per share) | $ (0.16) | $ (1.10)
Weighted average common shares outstanding: |  |
Basic and diluted (in Shares) | 8,760,126 | 8,710,867

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