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CONVERTIBLE DEBENTURES (Tables) | 12 Months Ended
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Oct. 31, 2015
Convertible Debenture Due November 2016 [Member] |
CONVERTIBLE DEBENTURES (Tables) [Line Items] |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
| On September 9, 2014
Stock price used for valuation | $ | 6.125
|  | 211.4 shares issued per $1,000 of face value
Aggregate gross intrinsic value of the $3,500,000 of principal outstanding on September 8, 2014, immediately prior to conversion |  | 4,532,241
Less the face value of the convertible debenture |  | (3,500,000)
Intrinsic value of the derivative conversion feature | $ | 1,032,241
Convertible Debenture Warrant [Member] |
CONVERTIBLE DEBENTURES (Tables) [Line Items] |
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block] |
| As of November 11, 2013
Stock price on valuation date | $ | 5.00
Exercise price | $ | 9.45
Discount for lack of marketability |  | 22%
Term (years) |  | 3.00
Expected volatility |  | 102.8%
Weighted average risk-free interest rate |  | 0.6%
Number of warrants |  | 369,979
Aggregate fair value | $ | 740,000
Schedule of Debt Issuance Cost [Table Text Block] |
Attributable to: |  | Accounting Treatment |  | Amount
The embedded conversion feature (derivative) |  | Expensed as incurred |  | $ | 8,593
The 8% Convertible Debenture Warrant |  | Charged to additional paid-in capital |  |  | 2,824
The 8% Convertible Debenture |  | Recorded as deferred issuance costs and amortized under the interest method over the term of the 8% Convertible Debenture |  |  | 7,739
Total |  |  |  | $ | 19,156
Convertible Debenture Due January 2015 [Member] |
CONVERTIBLE DEBENTURES (Tables) [Line Items] |
Convertible Debt [Table Text Block] |
Face value of Convertible Debenture due January 2015 |  |  |  | $ | 1,765,000
Fair value of embedded conversion feature | $ | 1,180,000 |  |  |
Relative fair value of Convertible Debenture Warrant |  | 214,819 |  |  |
Discount | $ | 1,394,819 |  |  | (1,394,819)
Proceeds attributable to the Convertible Debenture due January 2015 |  |  |  | $ | 370,181
Schedule of Debt Issuance Cost [Table Text Block] |
Attributable to: |  | Accounting Treatment |  | Amount
The embedded conversion feature (derivative) |  | Expensed as incurred |  | $ | 55,999
The 8% Convertible Debenture Warrant |  | Charged to additional paid-in capital |  |  | 10,194
The 8% Convertible Debenture |  | Recorded as deferred issuance costs and amortized under the interest method over the term of the 8% Convertible Debenture |  |  | 17,567
Total |  |  |  | $ | 83,760
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
| As of April 30, 2014
Stock price used for valuation | $ | 8.50
|  | 266.68 shares issued per $1,000 face value
Aggregate intrinsic value of the $1,150,000 of principal outstanding on April 30, 2014, immediately prior to conversion and repayment | $ | 1,456,797
Schedule of Extinguishment of Debt [Table Text Block] |
| Year Ended October 31, 2014
Face value of debt converted | $ | 1,440,000
Less: discount |  | (658,232)
Plus: fair value of derivative liability |  | 1,670,704
Net book value of debt converted | $ | 2,452,472
Fair value of common stock issued |  | 2,935,387
Loss on extinguishment of debt | $ | (482,915)
Convertible Debenture Due January 2015 [Member] | Convertible Debentures Embedded Conversion Feature [Member] |
CONVERTIBLE DEBENTURES (Tables) [Line Items] |
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block] |
| As of January 25, 2013
Stock price on valuation date | $ | 5.25
Conversion price | $ | 3.75
Stock premium for liquidity |  | 57%
Term (years) |  | 2.00
Expected volatility |  | 110%
Weighted average risk-free interest rate |  | 0.3%
Trials |  | 100,000
Aggregate fair value | $ | 1,180,000
| As of October 31, 2013
Stock price on valuation date |  | $ 4.875
Conversion price |  | $ 3.75
Stock premium for liquidity |  | 42%
Term (years) |  | 1.25
Expected volatility |  | 115%
Weighted average risk-free interest rate |  | 0.3%
Trials |  | 100,000
Aggregate fair value |  | $ 540,000
Convertible Debenture Due January 2015 [Member] | Convertible Debenture Warrant [Member] |
CONVERTIBLE DEBENTURES (Tables) [Line Items] |
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block] |
| As of January 25, 2013
Stock price on valuation date | $ | 5.25
Exercise price | $ | 7.50
Stock premium for liquidity |  | 38%
Term (years) |  | 3.00
Warrant exercise trigger price |  | 41%
Expected volatility |  | 95%
Weighted average risk-free interest rate |  | 0.4%
Number of warrants |  | 5,882,745
Aggregate fair value | $ | 370,000
Convertible Debenture Due November 2016 [Member] |
CONVERTIBLE DEBENTURES (Tables) [Line Items] |
Convertible Debt [Table Text Block] |
Face value of Convertible Debenture due November 2016 |  |  |  | $ | 3,500,000
Fair value of embedded conversion feature | $ | 1,570,000 |  |  |
Relative fair value of Convertible Debenture Warrant |  | 515,936 |  |  |
Discount | $ | 2,085,936 |  |  | (2,085,936)
Proceeds attributable to the Convertible Debenture due November 2016 |  |  | $ | 1,414,064
Convertible Debenture Due November 2016 [Member] | Convertible Debentures Embedded Conversion Feature [Member] |
CONVERTIBLE DEBENTURES (Tables) [Line Items] |
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block] |
| As of November 11, 2013
Stock price on valuation date | $ | 5.00
Conversion price | $ | 4.725
Discount for lack of marketability |  | 35.5%
Term (years) |  | 3.00
Expected volatility |  | 102.8%
Weighted average risk-free interest rate |  | 0.62%
Trials |  | 100,000
Aggregate fair value | $ | 1,570,000
Convertible Debenture Due November 2016 [Member] |
CONVERTIBLE DEBENTURES (Tables) [Line Items] |
Schedule of Extinguishment of Debt [Table Text Block] |
Securities extinguished: |
Face value of convertible debenture converted | $ | 3,500,000
Less: debt discount |  | (1,684,801)
Less: deferred issuance costs |  | (7,739)
Plus: accrued interest |  | 173,833
Plus: fair value of derivative liability |  | 1,032,241
Plus: fair value of warrant exchanged in connection with the conversion |  | 805,000
Net book value of converted debenture, accrued interest, derivative liability and warrant exchanged |  | 3,818,534
Securities issued in conversion/exchange: |  |
Fair value of 100,800 shares of common stock issued, net (739,958 shares of Conversion Common Stock issued, less 639,158 shares exchanged for 3,500 shares of Series A Convertible Preferred Stock) |  | 617,400
Fair value of 3,500 shares of Series A Convertible Preferred Stock (based on a stated value per share of $1,000 and a conversion rate of $4.73) |  | 4,532,241
Fair value of warrant issued September 9, 2014 |  | 885,000
Subtotal of securities issued in conversion/exchange |  | 6,034,641
(Loss) on conversion/exchange | $ | (2,216,107)

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