<SEC-DOCUMENT>0001513162-17-000252.txt : 20170908
<SEC-HEADER>0001513162-17-000252.hdr.sgml : 20170908
<ACCEPTANCE-DATETIME>20170908170113
ACCESSION NUMBER:		0001513162-17-000252
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		56
CONFORMED PERIOD OF REPORT:	20170731
FILED AS OF DATE:		20170908
DATE AS OF CHANGE:		20170908

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITUS Corp
		CENTRAL INDEX KEY:			0000715446
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				112622630
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37492
		FILM NUMBER:		171077163

	BUSINESS ADDRESS:	
		STREET 1:		3150 ALMADEN EXPRESSWAY, SUITE 250
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95118
		BUSINESS PHONE:		310-484-5200

	MAIL ADDRESS:	
		STREET 1:		3150 ALMADEN EXPRESSWAY, SUITE 250
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COPYTELE INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>form10q.htm
<DESCRIPTION>FORM 10-Q
<TEXT>
<HTML>
<head><title>Form 10Q</title> </head> <body vlink=#954f72 link=blue lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b></b>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:14pt>UNITED STATES</font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:14pt>SECURITIES AND EXCHANGE COMMISSION</font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:14pt>Washington, D.C.&nbsp; 20549</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:14pt>FORM 10-Q</font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>OF THE SECURITIES EXCHANGE ACT OF 1934</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>For the quarterly period ended July 31, 2017</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>Commission file number 0-11254</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:1pt; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in"> <p style='FONT-SIZE:12pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; TEXT-ALIGN:center; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:0in 0in 0pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:19pt>ITUS Corporation</font></b></p></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:9pt>(Exact name of registrant as specified in its charter)</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-2622630&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:9pt>(State or other jurisdiction of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I.R.S. Employer</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:9pt>&nbsp;&nbsp;&nbsp;&nbsp;incorporation or organization)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identification No.)</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;&nbsp;&nbsp;&nbsp;3150 Almaden Expressway, Suite 250&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:1pt; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in"> <p style='FONT-SIZE:12pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; TEXT-ALIGN:center; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:0in 0in 0pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:' align=center>&nbsp;&nbsp;&nbsp;&nbsp;San Jose, CA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95118</p></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:9pt>(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:1pt; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in"> <p style='FONT-SIZE:12pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; TEXT-ALIGN:center; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:0in 0in 0pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:' align=center>(408) 708-9808</p></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:9pt>(Registrant's telephone number, including area code)</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:10pt>Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes <u>&nbsp;&nbsp;X&nbsp; </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ___</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:10pt>Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style=FONT-SIZE:10pt>Yes <u>&nbsp;&nbsp;X&nbsp; </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ___</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:10pt>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer,&#148; &#147;smaller reporting company,&#148; and &#147;emerging growth company&#148; in Rule 12b-2 of the Exchange Act.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <div align=center> <table width=800 bordercolor=transparent style="WIDTH:600pt; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'><font style="FONT-SIZE:10pt; COLOR:black">Large accelerated filer [&nbsp;&nbsp; ]</font></p></td> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'><font style="FONT-SIZE:10pt; COLOR:black">Accelerated filer [&nbsp;&nbsp; ]</font></p></td></tr> <tr style=HEIGHT:15pt> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'><font style="FONT-SIZE:10pt; COLOR:black">Non-accelerated filer &nbsp;&nbsp;[&nbsp;&nbsp; ] &nbsp;(Do not check if a smaller reporting company)</font></p></td> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'><font style="FONT-SIZE:10pt; COLOR:black">Smaller reporting company [X]</font></p></td></tr> <tr style=HEIGHT:15pt> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'><font style="FONT-SIZE:10pt; COLOR:black">Emerging growth company &nbsp;&nbsp;[&nbsp;&nbsp; ]</font></p></td> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=bottom /></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 19.35pt 0pt 0in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 19.35pt 0pt 0in; TEXT-AUTOSPACE:'><font style=FONT-SIZE:10pt>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp; [&nbsp;&nbsp; ]</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:10pt>Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style=FONT-SIZE:10pt>Yes ____&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No <u>&nbsp;&nbsp;X&nbsp; &nbsp;&nbsp; </u></font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:10pt>Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:10pt>On September 8, 2017, the registrant had outstanding 15,120,239 shares of Common Stock, par value $.01 per share, which is the registrant&#146;s only class of common stock.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></div><font style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"'><br clear=all style=PAGE-BREAK-BEFORE:always></font> <div style=page:WordSection2> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b></p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b></p> <div align=center>&nbsp;</div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <div align=center> <div align=center> <table width=1000 bordercolor=transparent style="WIDTH:750pt; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0 align=center> <tr style=HEIGHT:15.75pt> <td width=6% colspan=3 nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a name=toc>TABLE OF CONTENTS</a></font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> <tr style=HEIGHT:15.75pt> <td width=84% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#fi>PART I.&nbsp; FINANCIAL INFORMATION</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#fs>Item 1.</a>&nbsp; </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#fs>Financial Statements.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#bs>Condensed Consolidated Balance Sheets as of July 31, 2017 (Unaudited) and October 31, 2016</a> </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>3</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>&nbsp;&nbsp;&nbsp; </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#is1>Condensed Consolidated Statements of Operations (Unaudited) for the nine&nbsp;months ended July 31, 2017 and 2016</a> </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>4</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#is2>Condensed Consolidated Statements of Operations (Unaudited) for the three months ended July 31, 2017 and 2016</a>&nbsp; </font></p></td> <td width=6% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>5</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#she>Condensed Consolidated Statement of Shareholders&#146; Equity (Unaudited) for the nine months ended July 31, 2017</a> </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>6</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>&nbsp;&nbsp;&nbsp; </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#cash>Condensed Consolidated Statements of Cash Flows (Unaudited) for the nine months ended July 31, 2017 and 2016</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>7</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#note>Notes to Condensed Consolidated Financial Statements (Unaudited)</a> </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>8</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#mdna>Item 2.</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#mdna>Management's Discussion and Analysis of Financial Condition and Results of Operations.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>20</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>&nbsp;&nbsp;&nbsp; </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#qa>Item 3.</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#qa>Quantitative and Qualitative Disclosures About Market Risk.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>27</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#contrl>Item 4.</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#contrl>Controls and Procedures.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>27</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=84% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#oi>PART II.&nbsp; OTHER INFORMATION</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#law>Item 1.</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#law>Legal Proceedings.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>28</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#risk>Item 1A.</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#risk>Risk Factors.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>28</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#sale>Item 2.</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#sale>Unregistered Sales of Equity Securities and Use of Proceeds.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>28</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#def>Item 3.</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#def>Defaults Upon Senior Securities.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>28</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#mine>Item 4.</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#mine>Mine Safety Disclosures.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>28</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#oin>Item 5</a>. </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#oin>Other Information.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>28</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#exhi>Item 6.</a></font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#exhi>Exhibits.</a></font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>29</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><a href=#sign>SIGNATURES</a> </font></p></td> <td width=84% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:84%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal"><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></td> <td width=6% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:6%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LINE-HEIGHT:normal" align=center><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>30</font></p></td></tr></table></div></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>2</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc>Table of content</a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b><u><font style=FONT-SIZE:11pt><a name=fi>PART I.&nbsp; FINANCIAL INFORMATION</a></font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><font style=FONT-SIZE:11pt><a name=fs>Item 1.&nbsp; <u>Financial Statements.</u></a></font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt>ITUS CORPORATION AND SUBSIDIARIES</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt><a name=bs>CONDENSED CONSOLIDATED BALANCE SHEETS</a> </font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <div align=center> <table width=1000 bordercolor=transparent style="WIDTH:750pt; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=14% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>(Unaudited)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=14% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>July 31,</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2017</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=14% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>October 31,</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2016</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=COLOR:black>ASSETS</font></u></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Current assets:</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Cash and cash equivalents</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,833,768 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,488,323 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Short-term investments in certificates of deposit</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,251,000 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>750,000 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accounts receivable</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>221,049 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Prepaid expenses and other current assets </font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>140,274 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>162,069 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total current assets</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>6,446,091 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,400,392 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Patents, net of accumulated amortization of $1,209,013 and $965,040, respectively</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,827,098 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,071,071 </font></p></td></tr> <tr style=HEIGHT:30pt> <td width=70% style="HEIGHT:30pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Property and equipment, net of accumulated depreciation of $79,046 and</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;$46,950, respectively</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:30pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:30pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>141,433 </font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:30pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:30pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>156,644 </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=70% style="HEIGHT:15.75pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total assets</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>8,414,622 </font></p></td> <td width=2% style="HEIGHT:15.75pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,628,107 </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=70% style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=2% style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=COLOR:black>LIABILITIES AND SHAREHOLDERS' EQUITY</font></u></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Current liabilities:</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accounts payable and accrued expenses</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>926,688 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>468,756 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Secured debenture (Note 7) </font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,000,000 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total current liabilities</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,926,688 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>468,756 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Patent acquisition obligation</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp; </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,171,876 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total liabilities</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,926,688 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,640,632 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Commitments and contingencies (Note 11)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Shareholders&#146; equity:</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:30pt; WIDTH:70%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;Preferred stock, par value $100 per share; 19,860 shares authorized; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; no shares issued or outstanding</font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:30pt> <td width=70% style="HEIGHT:30pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;Series A convertible preferred stock, par value $100 per share; 140 shares authorized; </font></p> <p style='FONT-SIZE:12pt; BACKGROUND:#cceeff; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -0- and 140 shares &nbsp;issued and outstanding, respectively</font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>14,000 </font></p></td></tr> <tr style=HEIGHT:30pt> <td width=70% style="HEIGHT:30pt; WIDTH:70%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;Common stock, par value $.01 per share; 24,000,000 shares authorized; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15,120,239 and 8,752,387 shares issued and outstanding, respectively</font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>151,202 </font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>87,524 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;Additional paid-in capital</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>159,725,096 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>152,051,144 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;Accumulated deficit </font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(154,388,364)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(151,165,193)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total shareholders&#146; equity </font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,487,934 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>987,475 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=70% style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total liabilities and shareholders&#146; equity </font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>8,414,622 </font></p></td> <td width=2% style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,628,107 </font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style=FONT-SIZE:11pt>The accompanying notes are an integral part of these condensed consolidated financial statements.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style=FONT-SIZE:11pt><u><br clear=all style=PAGE-BREAK-BEFORE:always></u></font>3</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt>ITUS CORPORATION AND SUBSIDIARIES</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt><a name=is1>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)</a></font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <div align=center> <table width=1000 bordercolor=transparent style="WIDTH:750pt; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=30% colspan=5 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:30%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>For the Nine Months Ended </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>July 31,</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=14% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2017</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=14% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2016</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Revenue</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>362,500 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>100,000 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Operating costs and expenses:</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Litigation and licensing expenses</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,022 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>83,713 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Inventor royalties and contingent legal fees</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>141,451 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>61,720 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Amortization of patents</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>243,973 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>243,972 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=72% colspan=2 nowrap style="HEIGHT:15pt; WIDTH:72%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Research and development expenses (including non-cash stock option </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; compensation expenses of $213,333 and $171,241, respectively)</font></p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,245,722 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,142,973 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Marketing, general and administrative expenses (including non-cash stock option </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; compensation expenses of $719,440 and $398,949, respectively)</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,067,235 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,163,332 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; PADDING-LEFT:0px; MARGIN:0in 0in 0pt 10pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total operating costs and expenses</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,700,403 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,695,710 </font></p></td></tr> <tr style=HEIGHT:16.5pt> <td width=70% nowrap style="HEIGHT:16.5pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:16.5pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:16.5pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Loss from operations</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(4,337,903)</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,595,710)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Gain on extinguishment of patent acquisition obligation (Note 6)</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,547,608 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Interest expense</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(442,693)</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(383,238)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Interest income&nbsp; </font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>9,817 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>10,190 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Loss before income taxes</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,223,171)</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,968,758)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Provision for income taxes</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net loss </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,223,171)</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,968,758)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Deemed dividend to preferred stockholder (Note 7)</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(2,008,775)</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=70% nowrap style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net loss attributable to common stockholders</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(5,231,946)</font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,968,758)</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=70% nowrap style="HEIGHT:15.75pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net loss per common share:</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Basic and diluted</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(0.47)</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(0.45)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Weighted average common shares outstanding:</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Basic and diluted</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>11,030,992 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>8,736,167 </font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:11pt>The accompanying notes are an integral part of these condensed consolidated financial statements.</font></p><u><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'><br clear=all style=PAGE-BREAK-BEFORE:always></font></u> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>4</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt>ITUS CORPORATION AND SUBSIDIARIES</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt><a name=is2>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)</a></font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <div align=center> <table width=1000 bordercolor=transparent style="WIDTH:750pt; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td nowrap style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td colspan=5 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>For the Three Months Ended </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>July 31,</font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2017</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2016</font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Revenue</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>362,500 </font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>100,000 </font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Operating costs and expenses:</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Litigation and licensing expenses</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>8,551 </font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Inventor royalties and contingent legal fees</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>141,451 </font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>61,720 </font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Amortization of patents</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>81,325 </font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>81,324 </font></p></td></tr> <tr style=HEIGHT:30pt> <td style="HEIGHT:30pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Research and development expenses (including non-cash stock option </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; compensation expenses of $64,705 and $84,316, respectively)</font></p></td> <td style="HEIGHT:30pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:30pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>362,968 </font></p></td> <td style="HEIGHT:30pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:30pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:30pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>292,063 </font></p></td></tr> <tr style=HEIGHT:30pt> <td style="HEIGHT:30pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Marketing, general and administrative expenses (including non-cash stock </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; option compensation expenses of $416,411 and $156,125 respectively)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:30pt; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:12pt'>&nbsp;</p></td> <td style="BORDER-TOP:0px; HEIGHT:30pt; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,507,681 </font></p></td> <td style="HEIGHT:30pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="BORDER-TOP:0px; HEIGHT:30pt; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:12pt'>&nbsp;</p></td> <td style="BORDER-TOP:0px; HEIGHT:30pt; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>631,226 </font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; PADDING-LEFT:0px; MARGIN:0in 0in 0pt 10pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total operating costs and expenses</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,093,425 </font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,074,884 </font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Loss from operations</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(1,730,925)</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(974,884)</font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Interest expense</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(71,667)</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(132,357)</font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Interest income&nbsp; </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>8,192 </font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,466 </font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Loss before income taxes</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(1,794,400)</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(1,103,775)</font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Provision for income taxes</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td style="HEIGHT:15.75pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net loss</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(1,794,400)</font></p></td> <td style="HEIGHT:15.75pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(1,103,775)</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td style="HEIGHT:15.75pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15.75pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15.75pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15.75pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15.75pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15.75pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net loss per common share:</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Basic and diluted</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(0.12)</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(0.13)</font></p></td></tr> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Weighted average common shares outstanding:</font></p></td> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Basic and diluted</font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>14,561,754 </font></p></td> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <td style="HEIGHT:15pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>8,745,423 </font></p></td></tr></table></div> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:11pt>The accompanying notes are an integral part of these condensed consolidated financial statements.</font></p></div> <div style=page:WordSection3> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>5</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt>ITUS CORPORATION AND SUBSIDIARIES</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt><a name=she>CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS&#146; EQUITY</a></font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt>FOR THE NINE MONTHS ENDED JULY 31, 2017 (UNAUDITED)</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <div align=center> <table width=810 bordercolor=transparent style="WIDTH:810pt; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Additional</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Paid-in</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Capital</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Total </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Shareholders&#146;</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Equity</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% colspan=4 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Preferred Stock</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% colspan=4 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Common Stock</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Accumulated</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Deficit</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:8%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>&nbsp; Shares</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Par Value</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Shares</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Par Value</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Balance, October 31, 2016</font></p></td> <td width=8% style="HEIGHT:15pt; WIDTH:8%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>140 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>14,000 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>8,752,387 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>87,524 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>152,051,144 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(151,165,193)</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>987,475 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Stock option compensation to employees and directors</font></p></td> <td width=8% style="HEIGHT:15pt; WIDTH:8%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>932,773 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>932,773 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Common stock issued upon exercise of stock options</font></p></td> <td width=8% style="HEIGHT:15pt; WIDTH:8%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,200 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>22 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,643 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,665 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Common stock issued to consultants </font></p></td> <td width=8% style="HEIGHT:15pt; WIDTH:8%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,463 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>35 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>17,776 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>17,811 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Redemption of convertible preferred stock (Note 7)</font></p></td> <td width=8% style="HEIGHT:15pt; WIDTH:8%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(140)</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(14,000)</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,486,000)</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,500,000)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:30pt> <td width=33% style="HEIGHT:30pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Common stock issued to repay patent acquisition </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; obligation (Note 6)</font></p></td> <td width=8% style="HEIGHT:30pt; WIDTH:8%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:30pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:30pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>947,606 </font></p></td> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:30pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>9,476 </font></p></td> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:30pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,842,818 </font></p></td> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:30pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:30pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:30pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,852,294 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Common stock issued in shareholder rights offering</font></p></td> <td width=8% style="HEIGHT:15pt; WIDTH:8%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,989,207 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>19,892 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,183,410 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,203,302 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Common stock issued in public offering</font></p></td> <td width=8% style="HEIGHT:15pt; WIDTH:8%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,425,376 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>34,253 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,177,532 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,211,785 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net loss</font></p></td> <td width=8% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:8%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,223,171)</font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,223,171)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=33% style="HEIGHT:15pt; WIDTH:33%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=8% style="HEIGHT:15pt; WIDTH:8%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="HEIGHT:15pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="HEIGHT:15pt; WIDTH:9%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15.75pt> <td width=33% style="HEIGHT:15.75pt; WIDTH:33%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Balance, July 31, 2017</font></p></td> <td width=8% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:8%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=1% style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=1% style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=9% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>15,120,239 </font></p></td> <td width=1% style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>151,202 </font></p></td> <td width=1% style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>159,725,096 </font></p></td> <td width=1% style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(154,388,364)</font></p></td> <td width=1% style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=1% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=9% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:9%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,487,934 </font></p></td></tr></table></div> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:center; MARGIN:0in 0in 6pt; TEXT-AUTOSPACE:' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>The accompanying notes are an integral part of these condensed consolidated financial statements.</font><font style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"'><br clear=all style=PAGE-BREAK-BEFORE:always></font></p></div> <div style=page:WordSection4> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>6</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt>ITUS CORPORATION AND SUBSIDIARIES</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style=FONT-SIZE:11pt><a name=cash>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)</a></font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <div align=center> <table width=1000 bordercolor=transparent style="WIDTH:750pt; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=5 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>For the nine months ended </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>July 31,</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2017</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2016</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Reconciliation of net loss to net cash used in operating activities:</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net loss</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,223,171)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,968,758)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Stock option compensation to employees and directors</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>932,773 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>570,190 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Common stock issued to consultants </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>17,811 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>27,996 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Depreciation of property and equipment</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>32,096 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>24,915 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Amortization of patents</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>243,973 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>243,972 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accretion of interest on patent acquisition obligations to interest expense</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>228,026 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>383,238 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accrued interest on secured debenture</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>20,667 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Gain on extinguishment of patent acquisition obligation</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(1,547,608)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Common stock issued to acquire patent license</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>11,800 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Change in operating assets and liabilities:</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accounts receivable</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(221,049)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Prepaid expenses and other current assets</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>21,795 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>70,100 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accounts payable and accrued expenses</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>437,265 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>150,859 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:20pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Royalties and contingent legal fees payable</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(213,017)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:30pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net cash used in operating activities</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,057,422)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(2,698,705)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Cash flows from investing activities:</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=2% colspan=2 nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Disbursements to acquire short-term investments in certificates of deposit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(4,251,000)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(1,900,000)</font></p></td></tr> <tr style=HEIGHT:12.15pt> <td width=70% style="HEIGHT:12.15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Proceeds from maturities of short-term investments in certificates of deposit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></td> <td width=2% style="HEIGHT:12.15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:12.15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>750,000 </font></p></td> <td width=2% style="HEIGHT:12.15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:12.15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:12.15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,400,000 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Purchase of property and equipment</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(16,885)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(144,650)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:30pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net cash (used in) provided by investing activities</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,517,885)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>355,350 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Cash flows from financing activities:</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Redemption of convertible preferred stock</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(500,000)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Payments made on secured debenture</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(1,000,000)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:30pt> <td width=70% style="HEIGHT:30pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Proceeds from sale of common stock through a rights offering </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; to shareholders</font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,203,302 </font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Proceeds from sale of common stock through a public offering </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3,211,785 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Proceeds from exercise of employee stock options</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,665 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>23,381 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:30pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net cash provided by financing activities</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,920,752 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>23,381 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Net decrease in cash and cash equivalents </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(654,555)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(2,319,974)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Cash and cash equivalents at beginning of period</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,488,323 </font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:medium none; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,369,219 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Cash and cash equivalents at end of period</font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,833,768 </font></p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:medium none; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,049,245 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Supplemental disclosure of non-cash financing activities:</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:30pt> <td width=70% style="HEIGHT:30pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Redemption of Series A convertible preferred stock into secured </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp; debenture (Note 7)</font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(3,000,000)</font></p></td> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:30pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:30pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Common stock issued to pay patent acquisition obligation (Note 6)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(2,852,294)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:' align=center><font style=FONT-SIZE:11pt>The accompanying notes are an integral part of these statements.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>7</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font color=#0066cc>Table of content</font></p></div> <div style=page:WordSection5> <p style='FONT-SIZE:12pt; TEXT-DECORATION:underline; FONT-FAMILY:"Times New Roman","serif"; PAGE-BREAK-AFTER:avoid; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-FAMILY:"Times New Roman","serif"'>ITUS CORPORATION AND SUBSIDIARIES</font></p> <p style='FONT-SIZE:12pt; TEXT-DECORATION:underline; FONT-FAMILY:"Times New Roman","serif"; PAGE-BREAK-AFTER:avoid; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-FAMILY:"Times New Roman","serif"'><a name=note>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</a></font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u>(UNAUDITED)</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>BUSINESS&nbsp;AND&nbsp;FUNDING</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:'><u>Description of Business</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>As used herein, &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; the &#147;Company&#148; or &#147;ITUS&#148; means ITUS Corporation and its wholly-owned subsidiaries.&nbsp; <font style=COLOR:black>From inception through October 2012, our primary operations involved the development of patented technologies in the areas of thin-film displays and encryption. &nbsp;Beginning in October of 2012 under the leadership of a new management team, we recapitalized the Company, changed the Company&#146;s name and ticker symbol, relocated the Company&#146;s headquarters, and modernized its systems.&nbsp; In July of 2015, the Company&#146;s stock was accepted for listing and began trading on the NASDAQ Capital Market.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>In June of 2015, the Company announced the formation of a new subsidiary, Anixa Diagnostics Corporation (&#147;Anixa&#148;), to develop a platform for non-invasive blood tests for the early detection of cancer.&nbsp; That platform is called Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212;</font><font style=COLOR:black>.&nbsp; In July of 2015, ITUS announced a collaborative research agreement with The Wistar Institute (&#147;Wistar&#148;), the nation&#146;s first independent biomedical research institute and a leading National Cancer Institute designated cancer research center, for the purpose of validating our cancer detection methodologies and establishing protocols for identifying certain biomarkers in the blood which we identified and which are known to be associated with malignancies.&nbsp; In August of 2016, ITUS announced the renewal and expansion of our relationship with Wistar.&nbsp; Further, in July of 2017, ITUS and Wistar announced that they renewed and expanded their relationship once more.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>From October of 2015 through January of 2017, ITUS announced that we had demonstrated the efficacy of our Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212; </font><font style=COLOR:black>early cancer detection platform with Breast Cancer, Lung Cancer Melanoma, Ovarian Cancer, Liver Cancer, Thyroid Cancer, Pancreatic Cancer, </font><font lang=EN>Appendiceal Cancer (cancer of the appendix), Uterine Cancer, Osteosarcoma (cancer of the bone), Leiomyosarcoma (cancer of the soft tissue), Liposarcoma (cancer of the connective tissue), Vulvar Cancer (cancer of the vulva), and </font><font style=COLOR:black>Prostate Cancer</font><font lang=EN>, bringing the number of cancer types for which the efficacy of </font><font style=COLOR:black>Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212; </font><font style=COLOR:black>has been validated thus far to fifteen.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>Over the next several quarters, we expect Cchek&#153; to be the primary focus of the Company.&nbsp; As part of our legacy operations, the Company remains engaged in limited patent licensing activities in the area of encrypted audio/video conference calling.&nbsp; We do not expect these activities to be a significant part of the Company&#146;s ongoing operations.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>In the past, our revenue has been derived from technology licensing and the sale of patented technologies, including in connection with the settlement of litigation.&nbsp; In addition to Anixa, the Company may make investments in and form new companies to develop additional emerging technologies.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>8</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"'>Funding and Management&#146;s Plans</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style="BACKGROUND:white; COLOR:black">During the nine months ended July 31, 2017, cash used in operating activities was approximately $3,057,000.&nbsp; Net cash used by investing activities was approximately $3,518,000, which reflects the purchase of certificates of deposit totaling $4,251,000, offset by proceeds from the sale or maturity of certificates of deposit totaling $750,000 and the purchase of property and equipment of approximately $17,000.&nbsp; Cash provided by financing activities was approximately $5,921,000, representing net proceeds from the sale of shares of common stock to Company shareholders through a rights offering receiving proceeds of approximately $4,203,000, net proceeds from the sale of shares of common stock in a registered public offering receiving proceeds of approximately $3,212,000 and the exercise of stock options, offset by payments of $1,000,000 under the secured debenture and the redemption of our Series A Convertible Preferred Stock (the &#147;Series A Preferred&#148;) of $500,000.&nbsp; As a result, our cash, cash equivalents and short-term investments at July 31, 2017 increased by approximately $2,846,000 to approximately $6,085,000 from approximately $3,238,000 at the end of fiscal year 2016.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>Based on currently available information as of September 8, 2017, we believe that our existing cash, cash equivalents, short-term investments and expected cash flows from operations will be sufficient to fund our activities and debt obligations for the next 12 months.&nbsp; However, our projections of future cash needs and cash flows may differ from actual results.&nbsp; To date, we have relied primarily upon cash from the public and private sale of equity and debt securities to generate the working capital needed to finance our operations.&nbsp; If current cash on hand, cash equivalents, short term investments and cash that may be generated from our business operations are insufficient to continue to operate our business and repay our indebtedness, we will be required to obtain more working capital.&nbsp; We may seek to obtain working capital through sales of our equity securities or through bank credit facilities or public or private debt from various financial institutions where possible and as permitted pursuant to our existing indebtedness.</font> &nbsp;<font style=COLOR:black>We cannot be certain that additional funding will be available on acceptable terms, or at all.&nbsp; If we do identify sources for additional funding, the sale of additional equity securities or convertible debt could result in dilution to our stockholders. &nbsp;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. &nbsp;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. &nbsp;If we fail to obtain additional working capital as and when needed, it could have a material adverse impact on our business, results of operations and financial condition.&nbsp; Furthermore, such lack of funds may inhibit our ability to respond to competitive pressures or unanticipated capital needs, or may force us to reduce operating expenses, which would significantly harm the business and development of operations.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>9</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u>Basis of Presentation</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X.&nbsp; Accordingly, certain information and footnotes required by generally accepted accounting principles in annual financial statements have been omitted or condensed.&nbsp; These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended October 31, 2016, as reported by us in our Annual Report on Form 10-K.&nbsp; The October 31, 2016 consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (&#147;US GAAP&#148;).&nbsp; The condensed consolidated financial statements include all adjustments of a normal recurring nature which, in the opinion of management, are necessary for a fair statement of our financial position as of July 31, 2017, and results of operations and cash flows for the interim periods represented.&nbsp; The results of operations for the nine and three months ended July 31, 2017 are not necessarily indicative of the results to be expected for the entire year.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u>Revenue Recognition</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>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.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><u><font style=COLOR:black>Patent Licensing</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>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.&nbsp;&nbsp;These arrangements typically include some combination of the following:&nbsp;&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.&nbsp;&nbsp;In such instances, the intellectual property rights granted have been perpetual in nature, extending until the expiration of the related patents.&nbsp;&nbsp;Pursuant to the terms of these agreements, we had no further obligations. &nbsp;&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.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u>Intangible Assets</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Our only identifiable intangible assets are patents and patent rights.&nbsp; We capitalize patent and patent rights acquisition costs and amortize the cost over the estimated economic useful life.&nbsp; We did not capitalize any patent acquisition costs during the nine months ended July 31, 2017 and 2016. &nbsp;We recorded patent amortization expense of approximately $244,000 during each of the nine month periods ended July 31, 2017 and 2016 and approximately $81,000 during each of the three month periods ended July 31, 2017 and 2016, respectively.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>10</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>2.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; <u>STOCK BASED COMPENSATION</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The Company maintains stock equity incentive plans under which the Company grants non-qualified stock options, stock appreciation rights, stock awards, performance awards, or stock units to employees, directors and consultants.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u>Stock Option Compensation Expense </u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The compensation cost for stock options granted to employees and directors is measured at the grant date, based on the fair value of the award using the Black-Scholes pricing model, and is recognized as an expense, on a straight-line basis, over the requisite service period (the vesting period of the stock option) which is one to ten <font style=COLOR:black>years</font>. We recorded stock-based compensation expense, related to stock options granted to employees and directors, of approximately $933,000 and $570,000 during the nine months ended July 31, 2017 and 2016, respectively, and approximately $481,000 and $240,000 during the three months ended July 31, 2017 and 2016, respectively.&nbsp; Associated with the resignation of the Company&#146;s former chief executive officer (the &#147;Executive&#148;), all unvested options held by the Executive became fully vested upon Executive&#146;s resignation.&nbsp; This acceleration of vesting terms resulted in an expense of approximately $285,000 during the three and nine month periods ended July 31, 2017.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u>Stock Option Activity </u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>During the nine months ended July 31, 2017 and 2016, we granted options to purchase 352,000 shares and 545,000 shares of common stock, respectively, to employees and directors at weighted average exercise prices of $2.18 and $2.92 per share, respectively, pursuant to the ITUS Corporation 2010 Share Incentive Plan (the "2010 Share Plan&#148;).&nbsp; During the nine months ended July 31, 2017 and 2016, stock options to purchase 2,200 and 9,080 shares of common stock, respectively, were exercised with aggregate proceeds of approximately $6,000 and $23,000, respectively. &nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:'><u>Stock&nbsp;Option&nbsp;Plans</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>As of July 31, 2017, we have two stock option plans:&nbsp; the ITUS Corporation 2003 Share Incentive Plan (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.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The 2003 Share Plan provided for the grant of nonqualified stock options, stock appreciation rights, stock awards, performance awards and stock units to key employees, directors and consultants.&nbsp; In accordance with the provisions of the 2003 Share Plan, the plan terminated with respect to the ability to grant future options on April 21, 2013. &nbsp;Information regarding the 2003 Share Plan for the nine months ended July 31, 2017 is as follows:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>11</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=55% nowrap style="HEIGHT:15pt; WIDTH:55.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=11% nowrap style="HEIGHT:15pt; WIDTH:11.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=16% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:16.08%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=4 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>&nbsp;Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average Exercise</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>&nbsp;Price Per Share</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% colspan=2 nowrap style="HEIGHT:15pt; WIDTH:13.28%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=55% nowrap style="HEIGHT:15pt; WIDTH:55.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=11% nowrap style="HEIGHT:15pt; WIDTH:11.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:13.28%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Aggregate</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Intrinsic</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Value</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=55% nowrap style="HEIGHT:15pt; WIDTH:55.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=11% nowrap style="HEIGHT:15pt; WIDTH:11.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=55% nowrap style="HEIGHT:15pt; WIDTH:55.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=11% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:11.66%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Shares</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=55% nowrap style="HEIGHT:15pt; WIDTH:55.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Options Outstanding at October 31, 2016</font></p></td> <td width=11% nowrap style="HEIGHT:15pt; WIDTH:11.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>225,600 </font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2.3%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=13% nowrap style="HEIGHT:15pt; WIDTH:13.78%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>18.69 </font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=11% nowrap style="HEIGHT:15pt; WIDTH:11.62%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Exercised</font></p></td> <td width=11% nowrap style="HEIGHT:15.75pt; WIDTH:11.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(2,200)</font></p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2.3%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=13% nowrap style="HEIGHT:15.75pt; WIDTH:13.78%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2.58 </font></p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=11% nowrap style="HEIGHT:15.75pt; WIDTH:11.62%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Forfeited</font></p></td> <td width=11% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:11.66%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(34,400)</font></p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2.3%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=13% nowrap style="HEIGHT:15.75pt; WIDTH:13.78%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>17.85 </font></p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=11% nowrap style="HEIGHT:15.75pt; WIDTH:11.62%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Options Outstanding and exercisable at </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July 31, 2017</font></p></td> <td width=11% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:11.66%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>189,000&nbsp; </font></p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2.3%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=13% nowrap style="HEIGHT:15.75pt; WIDTH:13.78%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>19.03 </font></p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15.75pt; WIDTH:1.66%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=11% nowrap style="HEIGHT:15.75pt; WIDTH:11.62%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"'>The following table summarizes information about stock options outstanding and exercisable under the 2003 Share Plan as of July 31, 2017: </font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <div align=center> <table width=734 bordercolor=transparent style="WIDTH:550.65pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:22.98%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=4 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Number</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Outstanding</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>and</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercisable</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:22.98%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=4 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Weighted Average</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Remaining</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Contractual Life</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>(in years)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=23% nowrap style="HEIGHT:15pt; WIDTH:23.1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=22% nowrap style="HEIGHT:15pt; WIDTH:22.98%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=23% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:23.1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercise Price</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=22% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:22.98%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Range of</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercise Prices</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>&nbsp;&nbsp; $&nbsp; 1.79 - $&nbsp; 7.75</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>39,000</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>1.06</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=23% style="HEIGHT:15pt; WIDTH:23.1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2.92 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>&nbsp;&nbsp; $13.50 - $17.50</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>21,400</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>.20</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=23% style="HEIGHT:15pt; WIDTH:23.1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>16.46 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>&nbsp;&nbsp; $18.75 - $23.00</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>88,600</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>.11</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=23% style="HEIGHT:15pt; WIDTH:23.1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>22.13 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>$29.25 </font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>40,000</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=22% style="HEIGHT:15pt; WIDTH:22.98%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>.06</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=23% style="HEIGHT:15pt; WIDTH:23.1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>29.25 </font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>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, directors and consultants.&nbsp; As of July 31, 2017, the 2010 Share Plan had 541,266 shares available for future grants.&nbsp; Information regarding the 2010 Share Plan for the nine months ended July 31, 2017 is as follows: </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=56% nowrap style="HEIGHT:15pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=14% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>&nbsp;Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average<br>Exercise Price <br>Per Share</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=14% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Aggregate</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Intrinsic</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Value</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=56% nowrap style="HEIGHT:15pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=56% nowrap style="HEIGHT:15pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Shares</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=56% nowrap style="HEIGHT:15pt; WIDTH:56%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Options Outstanding at October 31, 2016</font></p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,080,872 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3.12 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15.75pt> <td width=56% nowrap style="HEIGHT:15.75pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Granted</font></p></td> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>352,000 </font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2.18 </font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td></tr> <tr style=HEIGHT:15.75pt> <td width=56% nowrap style="HEIGHT:15.75pt; WIDTH:56%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Forfeited</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(23,266)</font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4.68 </font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td></tr> <tr style=HEIGHT:16.5pt> <td width=56% nowrap style="HEIGHT:16.5pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Options Outstanding&nbsp; at July 31, 2017</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:16.5pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,409,606 </font></p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:16.5pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2.86 </font></p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:16.5pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:16.5pt> <td width=56% nowrap style="HEIGHT:16.5pt; WIDTH:56%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Options Exercisable at July 31, 2017</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:16.5pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>950,467 </font></p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:16.5pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3.13 </font></p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:16.5pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The following table summarizes information about stock options outstanding and exercisable under the 2010 Share Plan as of July 31, 2017:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <div align=center> <table width=867 bordercolor=transparent style="WIDTH:650pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:11.25pt> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% colspan=4 nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Options Outstanding</font></p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% colspan=4 nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Options Exercisable</font></p></td></tr> <tr style=HEIGHT:11.25pt> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=5 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Remaining</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Contractual&nbsp;<br>Life</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>(in years)</font></p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=5 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Remaining</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Contractual&nbsp;<br>Life&nbsp;<br>(in years)</font></p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:11.25pt> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=4 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercise&nbsp;<br>Price</font></p></td></tr> <tr style=HEIGHT:11.25pt> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercise Price</font></p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:11.25pt> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Range of</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercise Prices</font></p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:13%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Number</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Outstanding</font></p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:13%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Number</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercisable</font></p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:11.25pt> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="BORDER-TOP:0px; HEIGHT:11.25pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p></td></tr> <tr style=HEIGHT:11.25pt> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:11.25pt> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>$0.82 - $0.96</font></p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>246,000</font></p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>9.94</font></p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>0.96 </font></p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>-</font></p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:11.25pt> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>$2.58 - $9.25</font></p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,163,606</font></p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>6.45</font></p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3.26 </font></p></td> <td width=2% nowrap style="HEIGHT:11.25pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=13% nowrap style="HEIGHT:11.25pt; WIDTH:13%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>950,467</font></p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>5.92</font></p></td> <td width=1% nowrap style="HEIGHT:11.25pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:11.25pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>3.13 </font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>12</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>In addition to options granted under the 2003 Share Plan and the 2010 Share Plan, the Board of Directors approved the grant of stock options to purchase 1,780,000 shares.&nbsp; Information regarding stock options outstanding that were not granted under the 2003 Plan or the 2010 Plan for the nine months ended July 31, 2017 is as follows: </p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=56% nowrap style="HEIGHT:15pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=14% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>&nbsp;Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average&nbsp;<br>Exercise</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Price Per Share</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=14% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Aggregate</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Intrinsic</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Value</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=56% nowrap style="HEIGHT:15pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=56% nowrap style="HEIGHT:15pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Shares</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15.75pt> <td width=56% nowrap style="HEIGHT:15.75pt; WIDTH:56%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Options Outstanding at October 31, 2016</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,780,000</font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2.70 </font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:16.5pt> <td width=56% nowrap style="HEIGHT:16.5pt; WIDTH:56%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Options Outstanding&nbsp; and exercisable at&nbsp; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; July 31, 2017</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:16.5pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,780,000</font></p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:16.5pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2.70 </font></p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:16.5pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:16.5pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>The following table summarizes information about stock options outstanding and exercisable that were not granted under the 2003 Share Plan or the 2010 Share Plan as of July 31, 2017:</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=23% style="HEIGHT:15pt; WIDTH:23%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=23% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:23%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=4 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Number</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Outstanding</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>and</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercisable</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=23% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:23%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=4 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Weighted Average</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Remaining</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Contractual Life</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>(in years)</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=23% nowrap style="HEIGHT:15pt; WIDTH:23%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=23% nowrap style="HEIGHT:15pt; WIDTH:23%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=23% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:23%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=3 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Weighted</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Average</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercise&nbsp;<br>Price</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=23% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:23%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Range of</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Exercise Prices</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=23% style="HEIGHT:15pt; WIDTH:23%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>$2.58 - $5.56</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=23% style="HEIGHT:15pt; WIDTH:23%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>1,780,000</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=23% style="HEIGHT:15pt; WIDTH:23%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>4.94</font></p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=2% style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=23% style="HEIGHT:15pt; WIDTH:23%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2.70</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u><font style=COLOR:black>Stock Awards </font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>We account for stock awards granted to employees and consultants based on the grant date market price of the underlying common stock.&nbsp; During the nine months ended July 31, 2017 and 2016, we issued 3,463 shares and 9,795 shares, respectively, of common stock to consultants for services rendered.&nbsp; We recorded consulting expense for the nine months ended July 31, 2017 and 2016 of approximately $18,000 and $28,000, respectively, for the shares of common stock issued to consultants.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>FAIR VALUE MEASUREMENTS</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>US GAAP defines fair value and establishes a framework for measuring fair value. &nbsp;We have categorized our financial assets, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy as set forth below. &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.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Financial assets and liabilities recorded in the accompanying condensed consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>Level 1 - Financial assets and liabilities 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.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>13</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>Level 2 - Financial assets and liabilities 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. &nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>Level 3 &#150; Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management&#146;s own assumptions about the assumptions a market participant would use in pricing the asset and liabilities. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of July 31, 2017: </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 1</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 2</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 3</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Total</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Money market funds &#150; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; Cash equivalents</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,588,116 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,588,116 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Certificates of deposit &#150; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; Short-term investments</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,251,000 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,251,000 </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=46% nowrap style="HEIGHT:15.75pt; WIDTH:46%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total financial assets</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,588,116 </font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,251,000 </font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>5,839,116 </font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2016:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 1</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 2</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 3</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=12% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Total</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Money market funds &#150; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; Cash equivalents</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,899,136 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,899,136 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Certificates of deposit &#150; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp; Short term investments</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>750,000 </font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>750,000 </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=46% nowrap style="HEIGHT:15.75pt; WIDTH:46%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:10pt; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Total financial assets</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>1,899,136 </font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>750,000 </font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=2% nowrap style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>2,649,136 </font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>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, 2016:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;</font></p></td> <td width=10% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 1</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 2</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Level 3</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>Total</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=46% nowrap style="HEIGHT:15pt; WIDTH:46%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Patent acquisition obligation</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% nowrap style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,171,876</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.64%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=10% style="HEIGHT:15pt; WIDTH:10%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,171,876</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:40.5pt'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:40.5pt'>The following table sets forth the changes in the fair value of the Company&#146;s Level 3 financial liabilities that are measured at fair value on a recurring basis:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:40.5pt'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:40.5pt'>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=86% nowrap style="HEIGHT:15pt; WIDTH:86%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u><font style=COLOR:black>Patent acquisition obligation</font></u></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=86% nowrap style="HEIGHT:15pt; WIDTH:86%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Balance October 31, 2016</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>4,171,876 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=86% nowrap style="HEIGHT:15pt; WIDTH:86%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accreted interest on patent obligation</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>228,026 </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=86% nowrap style="HEIGHT:15.75pt; WIDTH:86%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Extinguishment of patent obligation</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>(4,399,902)</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=86% nowrap style="HEIGHT:15.75pt; WIDTH:86%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Balance July 31, 2017</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 2.25pt double; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:40.5pt'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>14</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>Our non-financial assets that are measured on a non-recurring basis include our patents and property and equipment which are measured using fair value techniques whenever events or changes in circumstances indicate a condition of impairment exists.&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.&nbsp; Cash and cash equivalents are stated at carrying value which approximates fair value.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; LINE-HEIGHT:0.05pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>INVESTMENTS</u></font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>At July 31, 2017 and October 31, 2016, we had <font style=COLOR:black>certificates of deposit </font>of $4,251,000 and $750,000, respectively, which were classified as <font style=COLOR:black>short-term investments and reported at fair value.&nbsp; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>ACCOUNTS PAYABLE AND ACCRUED EXPENSES</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>Accounts payable and accrued expense consist of the following as of:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BACKGROUND:white; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70.04%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=14% colspan=2 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14.02%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>July 31,</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2017</font></p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.94%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=14% colspan=2 style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:14%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" rowspan=2 valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>October 31,</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><font style=COLOR:black>2016</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% nowrap style="HEIGHT:15pt; WIDTH:70.04%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=1% nowrap style="HEIGHT:15pt; WIDTH:1.94%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70.04%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accounts payable</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12.02%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>444,749 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1.94%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>373,224 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70.04%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accrued severance costs</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12.02%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>352,928 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1.94%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70.04%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Payroll and related expenses</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12.02%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>48,084 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1.94%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>49,901 </font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70.04%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accrued interest on secured debenture</font></p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12.02%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>20,667 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1.94%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>-</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=70% style="HEIGHT:15pt; WIDTH:70.04%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accrued other</font></p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12.02%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>60,260 </font></p></td> <td width=1% style="HEIGHT:15pt; WIDTH:1.94%; BACKGROUND:#cceeff; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>45,631 </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=70% style="HEIGHT:15.75pt; WIDTH:70.04%; BACKGROUND-IMAGE:none; BACKGROUND-REPEAT:repeat; BACKGROUND-ATTACHMENT:scroll; BACKGROUND-POSITION:0% 0%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND-IMAGE:none; BACKGROUND-REPEAT:repeat; BACKGROUND-ATTACHMENT:scroll; BORDER-BOTTOM:windowtext 2.25pt double; BACKGROUND-POSITION:0% 0%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12.02%; BACKGROUND-IMAGE:none; BACKGROUND-REPEAT:repeat; BACKGROUND-ATTACHMENT:scroll; BORDER-BOTTOM:windowtext 2.25pt double; BACKGROUND-POSITION:0% 0%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>926,688 </font></p></td> <td width=1% style="HEIGHT:15.75pt; WIDTH:1.94%; BACKGROUND-IMAGE:none; BACKGROUND-REPEAT:repeat; BACKGROUND-ATTACHMENT:scroll; BACKGROUND-POSITION:0% 0%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=2% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND-IMAGE:none; BACKGROUND-REPEAT:repeat; BACKGROUND-ATTACHMENT:scroll; BORDER-BOTTOM:windowtext 2.25pt double; BACKGROUND-POSITION:0% 0%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>$</font></p></td> <td width=12% style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND-IMAGE:none; BACKGROUND-REPEAT:repeat; BACKGROUND-ATTACHMENT:scroll; BORDER-BOTTOM:windowtext 2.25pt double; BACKGROUND-POSITION:0% 0%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>468,756 </font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued severance costs primarily result from the severance arrangement between the Company and its former chief executive officer, and include one year&#146;s salary and associated taxes.&nbsp; Severance benefits will be paid out in four equal installments from August 2017 through June 2018.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>PATENT ACQUISITION OBLIGATION</u></font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>On March 27, 2017, the Company issued 947,606 shares of common stock to Meetrix Communications, Inc. (&#147;Meetrix&#148;) in satisfaction of the obligation owed by us to Meetrix pursuant to the terms of the Patent Acquisition Agreement, dated November 11, 2013 between the Company and Meetrix.&nbsp; The carrying value of the patent acquisition obligation at the date of extinguishment was approximately $4,400,000.&nbsp; The fair value of the shares of common stock issued to satisfy the obligation on the date of extinguishment was approximately $2,843,000, resulting in the recognition of a gain on the debt extinguishment of approximately $1,548,000.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>15</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0in'>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>PREFERRED STOCK REDEMPTION</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>On November 11, 2016, the holder of all our outstanding Series A Preferred with an aggregate stated value of $3,500,000 exercised its right of redemption to receive such amount from proceeds from the sale of the Company&#146;s equity securities.&nbsp; <font style=COLOR:black>On December 6, 2016, we entered into an agreement with the holder of the Series A Preferred setting forth the terms under which such redemption would take place (the &#147;Series A Redemption Terms&#148;). &nbsp;Pursuant to the Series A Redemption Terms, on December 9, 2016 the holder of the Series A Preferred received (i) $500,000 in cash, (ii) a 12% secured debenture evidencing the remaining $3,000,000 amount to be redeemed, $1,000,000 of which was due on or before June 1, 2017 and the remainder of which is due November 11, 2017 (the &#147;Redemption Debenture&#148;), and (iii) a 5 year warrant to purchase 500,000 shares of the Company&#146;s common stock at an exercise price equal to 10% below the thirty (30) day volume weighted average closing price of our common stock at closing (the &#147;Redemption Warrant&#148;). The Redemption Debenture is secured by a lien on the Company&#146;s assets and prohibits the Company from incurring any senior indebtedness </font>other than equipment financing in connection with the Company&#146;s business<font style=COLOR:black>.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>The difference between the fair value of the consideration given to the holder of our Series A Preferred and the carrying value of the Series A Preferred represents a return to the preferred stockholder which is treated in a similar manner as that of dividends paid on preferred stock.&nbsp; In the redemption, the Series A Preferred holder received $500,000 in cash, the Redemption Debenture with a present value of approximately $2,999,000 and the Redemption Warrant with a fair value of approximately $2,801,000, determined using the Black Scholes pricing model, and waived the Series A Preferred&#146;s conversion right with an intrinsic value of approximately $792,000, resulting in total consideration given to the Series A Preferred holder of approximately $5,508,000.&nbsp; The difference between the fair value of the consideration and the $3,500,000 carrying value of the Series A Preferred resulted in a deemed dividend to the Series A Preferred holder of approximately $2,008,000.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0in'>8.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>NET INCOME (LOSS) PER SHARE OF COMMON STOCK</u> </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Basic net income (loss) per common share (&#147;Basic EPS&#148;) is computed by dividing net income (loss) by the weighted average number of common shares outstanding.&nbsp; Diluted net income (loss) per common share (&#147;Diluted EPS&#148;) is computed by dividing net income (loss) by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding.&nbsp; The treasury stock method reduces the dilutive effect of potentially dilutive securities as it assumes that any cash proceeds (from the issuance of potentially dilutive securities) are used to buy back shares at the average share price during the period.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Diluted EPS for all periods presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive.&nbsp; For this reason, excluded from the calculation of Diluted EPS for the nine and three months ended July 31, 2017 and 2016, were stock options to purchase 3,378,606 and 3,088,072 shares, respectively, and warrants to purchase 829,400 and 707,387 shares, respectively.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0in'>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>EFFECT OF RECENTLY ADOPTED AND ISSUED PRONOUNCEMENTS</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2014-09 (&#147;ASU 2014-09&#148;), Revenue from Contracts with Customers.&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. &nbsp;This standard update was effective for&nbsp;interim and annual&nbsp;reporting periods beginning after December 15,&nbsp;2016, and were to be applied retrospectively or the cumulative effect as of the date of adoption, with early application not permitted. &nbsp;In July 2015, a one-year deferral of the effective date of the new guidance was approved.&nbsp; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is currently ongoing.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>16</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>In August 2014, the FASB issued Accounting Standards Update 2014-15 (&#147;ASU 2014-15&#148;).&nbsp; This amendment requires management to assess an entity&#146;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 ending after December 15, 2016 and are to be applied retrospectively or the cumulative effect as of the date of adoption.&nbsp; The adoption of this amendment on November 1, 2016 did not have an impact on our consolidated financial statements&nbsp;and related disclosures.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>In November 2015, the FASB issued Accounting Standards Update 2015-17 (&#147;ASU 2015-17&#148;) 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.&nbsp; Adoption of this standard is required for annual periods beginning after December 15, 2016.&nbsp; We do not anticipate that the adoption of this amendment will have an impact on our consolidated financial statements and related disclosures.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>In February 2016, the FASB issued Accounting Standards Update 2016-02 (&#147;ASU 2016-02&#148;) which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities.&nbsp; The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method.&nbsp; The requirements of this standard include a significant increase in required disclosures.&nbsp; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is ongoing.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>In March 2016, the FASB issued Accounting Standards Update 2016-09 (&#147;ASU 2016-09&#148;) that changes the accounting for certain aspects of share-based payments to employees.&nbsp; The new guidance requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. It also allows an employer to repurchase more of an employee&#146;s shares than it can today for tax withholding purposes without triggering liability accounting and to make a policy election for forfeitures as they occur.&nbsp; The guidance is effective for public business entities for fiscal years beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted.&nbsp; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is ongoing.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>17</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>In May 2017, the FASB issued Accounting Standards Update 2017-09 (&#147;ASU 2017-09&#148;) that provides guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting. &nbsp;This update is effective for all entities for fiscal years beginning after December 15, 2017, and interim periods within those years.&nbsp; Early adoption is permitted.&nbsp; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is ongoing.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>In July 2017, the FASB issued Accounting Standards Update 2017-11 (&#147;ASU 2017-11&#148;) which changes the accounting for equity instruments that include a down round feature.&nbsp; For public entities, this update is effective for fiscal years beginning after December 15, 2018, and interim periods within those years.&nbsp; Early adoption is permitted. &nbsp;We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is ongoing.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>INCOME TAXES </u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>We file Federal, New York, California and Pennsylvania state income tax returns.&nbsp; Due to net operating losses, the statute of limitations for Federal and New York State income tax returns remains open to examination by taxing authorities since the fiscal year ended October 31, 1997.&nbsp; We account for interest and penalties related to income tax matters, if any, in marketing, general and administrative expenses. There are no unrecognized income tax benefits as of </font>July 31<font style=COLOR:black>, 2017 and October 31, 2016.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>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.&nbsp; A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</font> We have substantial net operating loss carryforwards for Federal and New York State income tax returns. These net operating loss carryforwards could be subject to limitations under Internal Revenue Code section 382. We have provided a full valuation allowance against our deferred tax asset due to our historical pre-tax losses and the uncertainty regarding the realizability of these deferred tax assets.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"'>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>COMMITMENT AND CONTINGENCES</u>&nbsp; </font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"'>Litigation Matters</font></u></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN-LEFT:0in; TEXT-AUTOSPACE:ideograph-numeric; MARGIN-RIGHT:0in; TEXT-INDENT:0.5in'><font style=COLOR:black>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. &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.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>18</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"'>Market for Company Stock</font></u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>On August 18, 2017, we received a staff deficiency notice from The Nasdaq Stock Market informing us that our common stock failed to comply with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market.&nbsp; Nasdaq&#146;s notice has no immediate effect on the listing of our common stock and we have been provided with an initial compliance period of 180 calendar days, or until February 14, 2018, to regain compliance with the minimum bid price requirement.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"'>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>SUBSEQUENT EVENT</u></font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>On September 6, 2017, the compensation committee of the Company re-priced certain issued and outstanding stock options to purchase in the aggregate 2,029,600 shares of Company common stock for all of the current officers, directors and employees of the Company along with certain consultants (the&#148;Re-Priced Options&#148;) pursuant to the authority granted to the compensation committee by the Board of Directors of the Company.&nbsp; The new exercise price of the Re-Priced Options is $0.67, the closing sales price of the Company&#146;s common stock on September 6, 2017.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>All other terms of the previously granted Re-Priced Options remain the same, including without limitation, the number of shares underlying the options granted, the vesting periods of the options, and the expiration dates of the options.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>The Company expects to record additional stock-based compensation expense resulting from the incremental value of the fair value of the Re-Priced Options compared to the fair value of the original options immediately prior to the re-pricing, in the fourth quarter of the fiscal year ended October 31, 2017.&nbsp; The Company has not yet determined the amount of this non-cash charge. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>19</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p><font style='FONT-SIZE:12pt; TEXT-DECORATION:none; FONT-FAMILY:"Times New Roman","serif"; COLOR:windowtext'><br clear=all style=PAGE-BREAK-BEFORE:always></font> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><font style=COLOR:black>Item 2.&nbsp; <u><a name=mdna>Management's Discussion and Analysis of Financial Condition and Results of Operations</a>.</u>&nbsp;&nbsp; </font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><u><font style=COLOR:black>GENERAL</font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>As used herein, &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; the &#147;Company&#148; or &#147;ITUS&#148; means ITUS Corporation and its wholly-owned subsidiaries.&nbsp; <font style=COLOR:black>From inception through October 2012, our primary operations involved the development of patented technologies in the areas of thin-film displays and encryption. &nbsp;Beginning in October of 2012 under the leadership of a new management team, we recapitalized the Company, changed the Company&#146;s name and ticker symbol, relocated the Company&#146;s headquarters, and modernized its systems.&nbsp; In July of 2015, the Company&#146;s stock was accepted for listing and began trading on the NASDAQ Capital Market.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>In June of 2015, the Company announced the formation of a new subsidiary, Anixa Diagnostics Corporation (&#147;Anixa&#148;), to develop a platform for non-invasive blood tests for the early detection of cancer.&nbsp; That platform is called Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212;</font><font style=COLOR:black>.&nbsp; In July of 2015, ITUS announced a collaborative research agreement with The Wistar Institute (&#147;Wistar&#148;), the nation&#146;s first independent biomedical research institute and a leading National Cancer Institute designated cancer research center, for the purpose of validating our cancer detection methodologies and establishing protocols for identifying certain biomarkers in the blood which we identified and which are known to be associated with malignancies.&nbsp; In August of 2016 and again in July of 2017 ITUS announced the renewal and expansion of our relationship with Wistar.&nbsp; In October of 2015, ITUS and Wistar announced favorable results from initial testing of a small group of Breast Cancer patients and healthy controls.&nbsp; One hundred percent (100%) of the blood samples tested from patients with varying stages of Breast Cancer showed the presence of the biomarkers we identified, and none of the healthy patient blood samples contained the biomarkers.&nbsp; Breast Cancer is the second most common cancer in the United States and throughout the world.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>In April of 2016, ITUS announced that we had demonstrated the efficacy of our Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212; </font><font style=COLOR:black>early cancer detection platform with Lung Cancer.&nbsp; Lung cancer is the leading cause of death among cancers in the U.S. and throughout the world, accounting for approximately 27 percent of all cancer related deaths in the U.S. and 19 percent worldwide.&nbsp; In September of 2016, ITUS announced that we had demonstrated the efficacy of our Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212; </font><font style=COLOR:black>early cancer detection platform with Colon Cancer. Colon Cancer is the third most common cancer in men and the second most common cancer in woman worldwide, with approximately 1.4 million new cases diagnosed each year, and approximately 700,000 deaths. At the end of September 2016 through the end of October 2016, the Company made similar announcements with respect to the efficacy of our Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212; </font><font style=COLOR:black>early cancer detection platform for Melanoma, Ovarian Cancer, Liver Cancer, Thyroid Cancer, and Pancreatic Cancer. On November 15, 2016, ITUS announced that we had demonstrated the efficacy of our Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212; </font><font style=COLOR:black>early cancer detection platform with six additional cancer types including </font><font lang=EN>Appendiceal Cancer (cancer of the appendix), Uterine Cancer, Osteosarcoma (cancer of the bone), Leiomyosarcoma (cancer of the soft tissue), Liposarcoma (cancer of the connective tissue), and Vulvar Cancer (cancer of the vulva). On January 30, 2017, the Company announced that we had demonstrated the efficacy of </font><font style=COLOR:black>Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212; </font><font style=COLOR:black>for Prostate Cancer</font><font lang=EN>, bringing the number of cancer types for which the efficacy of </font><font style=COLOR:black>Cchek</font><font style="FONT-FAMILY:Symbol; COLOR:black">&#212; </font><font style=COLOR:black>has been validated thus far to fifteen.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>20</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>Over the next several quarters, we expect Cchek&#153; to be the primary focus of the Company.&nbsp; As part of our legacy operations, the Company remains engaged in limited patent licensing activities in the area of encrypted audio/video conference calling.&nbsp; We do not expect these activities to be a significant part of the Company&#146;s ongoing operations.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN-LEFT:0in; TEXT-AUTOSPACE:; MARGIN-RIGHT:0in; TEXT-INDENT:0.5in'><font style=COLOR:black>In the past, our revenue has been derived from technology licensing and the sale of patented technologies, including in connection with the settlement of litigation.&nbsp; In addition to Anixa, the Company may make investments in and form new companies to develop additional emerging technologies.</font></p> <h4 style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","sans-serif"; PAGE-BREAK-AFTER:auto; FONT-WEIGHT:bold; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u><font style='FONT-FAMILY:"Times New Roman","serif"; COLOR:black'>RESULTS OF OPERATIONS</font></u></h4> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in -9pt 0pt 0in; TEXT-AUTOSPACE:'><b><u><font style=COLOR:black>Nine months ended July 31, 2017 compared with nine months ended July 31, 2016</font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i><font style=COLOR:black>Revenue</font></i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>During the nine months ended July 31, 2017 and 2016, we recorded revenue from patent licensing activities of approximately $363,000 and $100,000, respectively.&nbsp; The full amount of revenue in each of these periods was the result of a single license agreement in each period.&nbsp; The license agreements provided for one-time, non-recurring, lump sum payments in exchange for non-exclusive retroactive and future licenses and covenants not to sue.&nbsp; Accordingly, the earnings process from these licenses was complete and 100% of the revenue was recognized upon execution of the license agreements.&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i><font style=COLOR:black>Litigation and Licensing Expenses</font></i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Litigation and licensing expenses were approximately $2,000 in the nine months ended July 31, 2017 compared to approximately $84,000 in the comparable prior year period.&nbsp; Litigation and licensing expenses in the prior period were primarily related to our encrypted audio/video conference calling patents.&nbsp; Litigation and licensing expenses, other than contingent legal fees, are expensed in the period incurred.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i><font style=COLOR:black>Inventor Royalties and Contingent Legal Fees</font></i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Inventor royalties and contingent legal fees were approximately $141,000 in the nine months ended July 31, 2017 compared to approximately $62,000 in the comparable prior year period.&nbsp; Inventor royalties and contingent legal fees are expensed in the period that the related revenues are recognized.&nbsp; The economic terms of patent agreements and contingent legal fee arrangements vary across the patent portfolios owned or controlled by our operating subsidiaries.&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>21</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><strong><em>Amortization of Patents</em></strong></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Amortization of patents was approximately $244,000 in each of the nine month periods ended July 31, 2017 and 2016, respectively.&nbsp; We capitalize patent and patent rights acquisition costs and amortize the cost over the estimated economic useful life.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:'><font style=COLOR:black>Research and Development Expenses</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Research and development expenses related primarily to the development of our <font style=COLOR:black>Cchek&#153; early cancer detection platform and </font>increased by approximately $103,000 to approximately $1,246,000 in the nine months ended July 31, 2017, from approximately $1,143,000 in the nine months ended July 31, 2016.&nbsp; The increase in research and development expenses was primarily due to an increase in costs related to our collaboration with Wistar of approximately $139,000 as a result of greater involvement by Wistar under the renewed collaboration agreement and an increase in patent development costs related to our <font style=COLOR:black>Cchek&#153; platform</font> of approximately $89,000, offset by a decrease in employee compensation and related costs of approximately $84,000 and reduced development costs associated with our thin-film display technology of approximately $58,000.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:'><font style=COLOR:black>Marketing, General and Administrative Expenses</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Marketing, general and administrative expenses increased by approximately $904,000 to approximately $3,067,000 in the nine months ended July 31, 2017, from approximately $2,163,000 in the nine months ended July 31, 2016. The increase in marketing, general and administrative expenses was principally due to an increase in employee compensation expense of approximately $647,000 resulting from one-time severance arrangement costs of approximately $598,000 which included the non-cash cost of accelerated vesting of stock options of approximately $285,000, an increase in investor relations and public relations consulting expenses of approximately $178,000 and an increase in legal fees of approximately $74,000. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i>Gain on Extinguishment of Patent Acquisition Obligation</i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The gain on extinguishment of patent acquisition obligation of approximately $1,548,000 resulted from the difference in the carrying value of the patent acquisition obligation and the fair value of the shares of common stock issued to satisfy the obligation on the date of extinguishment.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i>Interest Expense</i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Interest expense increased by approximately $59,000 to approximately $443,000 for the nine months ended July 31, 2017 from approximately $383,000 in the nine months ended July 31, 2016.&nbsp; The increase in interest expense was principally due to approximately $215,000 of interest related to the secured debenture issued in December 2016, offset by the early extinguishment of the patent acquisition obligation.&nbsp; The remaining interest expense for both periods presented represents the accreted interest on our patent acquisition obligation through the extinguishment date.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>22</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><strong><em>Interest Income </em></strong></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Interest income remained unchanged at approximately $10,000 for both periods presented.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i>Deemed Dividend to Preferred Stockholder</i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>The deemed dividend to preferred stockholder of approximately $2,009,000 resulted from the redemption of our Series A Preferred.&nbsp; The difference between the fair value of the consideration given to the holder of our Series A Preferred and the carrying value of the Series A Preferred represented a return to the preferred stockholder and was treated in a similar manner as that of dividends paid on preferred stock.&nbsp; </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in -9pt 0pt 0in; TEXT-AUTOSPACE:'><b><u><font style=COLOR:black>Three months ended July 31, 2017 compared with three months ended July 31, 2016</font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i><font style=COLOR:black>Revenue</font></i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>During the three months ended July 31, 2017 and 2016, we recorded revenue from patent licensing activities of approximately $363,000 and $100,000, respectively.&nbsp; The full amount of revenue in each of these periods was the result of a single license agreement in each period.&nbsp; The license agreements provided for one-time, non-recurring, lump sum payments in exchange for non-exclusive retroactive and future licenses and covenants not to sue.&nbsp; Accordingly, the earnings process from these licenses was complete and 100% of the revenue was recognized upon execution of the license agreements.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i><font style=COLOR:black>Litigation and Licensing Expenses</font></i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>No litigation and licensing expenses were incurred during the three months ended July 31, 2017.&nbsp; Litigation and licensing expenses were approximately $9,000 in the three months ended July 31, 2016.&nbsp; Litigation and licensing expenses, other than contingent legal fees, are expensed in the period incurred.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i><font style=COLOR:black>Inventor Royalties and Contingent Legal Fees</font></i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Inventor royalties and contingent legal fees were approximately $141,000 in the three months ended July 31, 2017 compared to approximately $62,000 in the comparable prior year period.&nbsp; Inventor royalties and contingent legal fees are expensed in the period that the related revenues are recognized.&nbsp; The economic terms of patent agreements and contingent legal fee arrangements vary across the patent portfolios owned or controlled by our operating subsidiaries.&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i><font style=COLOR:black>Amortization of Patents</font></i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Amortization of patents was approximately $81,000 in each of the three month periods ended July 31, 2017 and 2016, respectively.&nbsp; We capitalize patent and patent rights acquisition costs and amortize the cost over the estimated economic useful life.&nbsp; </p><p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>23</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:'><font style=COLOR:black>Research and Development Expenses</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Research and development expenses related primarily to the development of our <font style=COLOR:black>Cchek&#153; early cancer detection platform and </font>increased by approximately $71,000 to approximately $363,000 in the three months ended July 31, 2017, from approximately $292,000 in the three months ended July 31, 2016.&nbsp; The increase in research and development expenses was primarily due to an increase in costs related to our collaboration with Wistar of approximately $86,000 as a result of greater involvement by Wistar under the renewed collaboration agreement.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:'><font style=COLOR:black>Marketing, General and Administrative Expenses</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:bold; FONT-STYLE:italic; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Marketing, general and administrative expenses increased by approximately $876,000 to approximately $1,508,000 in the three months ended July 31, 2017, from approximately $631,000 in the three months ended July 31, 2016. The increase in marketing, general and administrative expenses was principally due to an increase in employee compensation expense of approximately $605,000 resulting from one time severance arrangement costs of approximately $598,000 which included the non-cash cost of accelerated vesting of stock options of approximately $285,000 and an increase in investor relations and public relations consulting expenses of approximately $199,000. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i>Interest Expense</i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Interest expense decreased by approximately $61,000 to approximately $72,000 for the three months ended July 31, 2017 from approximately $132,000 in the three months ended July 31, 2016.&nbsp; The decrease in interest expense was principally due to the early extinguishment of the patent acquisition obligation, offset by approximately $72,000 of interest related to the secured debenture issued in December 2016.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><i>Interest Income </i></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Interest income increased to approximately $8,000 in the three months ended July 31, 2017 compared to approximately $3,000 in the three months ended July 31, 2016 due to an increase in the amount invested in money market funds and certificates of deposit during the current period.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><u><font style=COLOR:black>LIQUIDITY AND CAPITAL RESOURCES</font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'><font style=COLOR:black>Our primary sources of liquidity are cash, cash equivalents and short-term investments.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>24</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>Based on currently available information as of September 8, 2017, we believe that our existing cash, cash equivalents, short-term investments and expected cash flows from operations will be sufficient to fund our activities and debt obligations for the next 12 months.&nbsp; However, our projections of future cash needs and cash flows may differ from actual results.&nbsp; To date, we have relied primarily upon cash from the public and private sale of equity and debt securities to generate the working capital needed to finance our operations.&nbsp; If current cash on hand, cash equivalents, short term investments and cash that may be generated from our business operations are insufficient to continue to operate our business and repay our indebtedness, we will be required to obtain more working capital.&nbsp; We may seek to obtain working capital through sales of our equity securities or through bank credit facilities or public or private debt from various financial institutions where possible and as permitted pursuant to our existing indebtedness.</font> &nbsp;<font style=COLOR:black>We cannot be certain that additional funding will be available on acceptable terms, or at all.&nbsp; If we do identify sources for additional funding, the sale of additional equity securities or convertible debt could result in dilution to our stockholders. &nbsp;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. &nbsp;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. &nbsp;If we fail to obtain additional working capital as and when needed, it could have a material adverse impact on our business, results of operations and financial condition.&nbsp; Furthermore, such lack of funds may inhibit our ability to respond to competitive pressures or unanticipated capital needs, or may force us to reduce operating expenses, which would significantly harm the business and development of operations.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style="BACKGROUND:white; COLOR:black">During the nine months ended July 31, 2017, cash used in operating activities was approximately $3,057,000.&nbsp; Net cash used by investing activities was approximately $3,518,000, which reflects the purchase of certificates of deposit totaling $4,251,000, offset by proceeds from the sale or maturity of certificates of deposit totaling $750,000 and the purchase of property and equipment of approximately $17,000.&nbsp; Cash provided by financing activities was approximately $5,921,000, representing net proceeds from the sale of shares of common stock to Company shareholders through a rights offering receiving proceeds of approximately $4,203,000, net proceeds from the sale of shares of common stock in a registered public offering receiving proceeds of approximately $3,212,000 and the exercise of stock options, offset by payments of $1,000,000 under the secured debenture and the redemption of our Series A Convertible Preferred Stock (the &#147;Series A Preferred&#148;) of $500,000.&nbsp; As a result, our cash, cash equivalents and short-term investments at July 31, 2017 increased by approximately $2,846,000 to approximately $6,085,000 from approximately $3,238,000 at the end of fiscal year 2016.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><u><font style=COLOR:black>CRITICAL ACCOUNTING POLICIES</font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>The Company&#146;s condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America.&nbsp;&nbsp;In preparing these financial statements, we make assumptions, judgments and estimates that can have a significant impact on amounts reported in our consolidated financial statements. We base our assumptions, judgments and estimates on historical experience and various other factors that we believe to be reasonable under the circumstances. Actual results could differ materially from these estimates under different assumptions or conditions. On a regular basis, we evaluate our assumptions, judgments and estimates and make changes accordingly.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>25</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>We believe that, of the significant accounting policies discussed in Note 3 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended October 31, 2016, the following accounting policies require our most difficult, subjective or complex judgments:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; LINE-HEIGHT:115%; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:-0.25in'><font style="FONT-SIZE:12pt; FONT-FAMILY:Symbol; LINE-HEIGHT:115%">&#183;<font style='FONT:7pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; LINE-HEIGHT:115%'>Revenue Recognition; and</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 10pt 1in; LINE-HEIGHT:115%; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:-0.25in'><font style="FONT-SIZE:12pt; FONT-FAMILY:Symbol; LINE-HEIGHT:115%">&#183;<font style='FONT:7pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; LINE-HEIGHT:115%'>Stock-Based Compensation</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><font style=COLOR:black>Revenue Recognition</font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><font style=COLOR:black>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.</font></p> <h6 style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"; FONT-WEIGHT:normal; FONT-STYLE:italic; MARGIN:12pt 0in 3pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'><b><font style="FONT-SIZE:12pt; COLOR:black; FONT-STYLE:normal">Stock-Based Compensation </font></b></h6> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>The compensation cost for stock options granted to employees and directors is measured at the grant date, based on the fair value of the award using the Black-Scholes pricing model, and is recognized as an expense, on a straight-line basis, over the requisite service period (the vesting period of the stock option) which is one to ten <font style=COLOR:black>years</font>.&nbsp; The Black-Scholes pricing model requires the input of highly subjective assumptions.&nbsp; These variables include, but are not limited to, our stock price volatility over the term of the stock options, and actual and projected employee stock option exercise behaviors. We recorded stock-based compensation expense, related to stock options granted to employees and directors, of approximately $933,000 and $570,000 during the nine months ended July 31, 2017 and 2016, respectively. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><u>EFFECT OF RECENTLY ISSUED PRONOUNCEMENTS</u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>We discuss the effect of recently issued pronouncements in the Notes to our Condensed Consolidated Financial Statements. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><u><font style=COLOR:black>FORWARD-LOOKING STATEMENTS</font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Information included in this Quarterly Report on Form 10-Q (this &#147;Report&#148;) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the &#147;Securities Act&#148;), and Section 21E of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;).&nbsp; Forward-looking statements are not statements of historical facts, but rather reflect our current expectations concerning future events and results.&nbsp; We generally use the words &#147;believes,&#148; &#147;expects,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;anticipates,&#148; &#147;likely,&#148; &#147;will&#148; and similar expressions to identify forward-looking statements.&nbsp; Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.&nbsp;&nbsp; These risks, uncertainties and factors include, but are not limited to, those factors set forth in our Annual Report on Form 10-K for the fiscal year ended October 31, 2016 and the condensed consolidated financial statements included in this Report.&nbsp; Except as required by applicable law, including the securities laws of the United States, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.&nbsp; You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this Report.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>26</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><font style=COLOR:black>Item 3.&nbsp; <u><a name=qa>Quantitative and Qualitative Disclosures About Market Risk</a>.</u></font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in'>As of July 31, 2017, we had investments in short-term, fixed rate and highly liquid instruments that have historically been reinvested when they mature throughout the year. Although our existing instruments are not considered at risk with respect to changes in interest rates or markets for these instruments, our rate of return on these securities could be affected at the time of reinvestment, if any.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><font style=COLOR:black>Item 4.&nbsp; <u><a name=contrl>Controls and Procedures</a>.</u></font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>We carried out an evaluation, under the supervision and with the participation of our management including our Chairman, President and Chief Executive Officer and our Chief Operating Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rule 13-15(b) of the Securities Exchange Act of 1934, as amended.&nbsp; Based upon that evaluation, our Chairman, President and Chief Executive Officer and our Chief Operating Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective as of the end of the period covered by this report.&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>There was no change in our internal control over financial reporting during the third quarter of fiscal year 2017 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.</p><b><u><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><br clear=all style=PAGE-BREAK-BEFORE:always></font></u></b> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>27</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in' align=center><b><u><font style=COLOR:black><a name=oi>PART II.&nbsp; OTHER INFORMATION</a></font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b>Item 1. <u><a name=law>Legal Proceedings</a>.</u></b>&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN-LEFT:0in; TEXT-AUTOSPACE:ideograph-numeric; MARGIN-RIGHT:0in; TEXT-INDENT:0.5in'><font style=COLOR:black>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. &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.</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><font style=COLOR:black>Item 1A.&nbsp; <u><a name=risk>Risk Factors</a></u>.</font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>There have been no material changes in our risk factors from those disclosed in our Annual Report on Form 10-K for the fiscal year ended October 31, 2016.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b>Item 2.&nbsp; <u><a name=sale>Unregistered Sales of Equity Securities and Use of Proceeds</a></u>. </b>&nbsp;&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:40.5pt'>During the three months ended July 31, 2017, the Company did not issue any unregistered shares. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:40.5pt'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b>Item 3. <u><a name=def>Defaults Upon Senior Securities</a></u></b>.<b>&nbsp; </b>None.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b>Item 4</b>. <b><u><a name=mine>Mine Safety Disclosures</a></u></b>.&nbsp; Not Applicable.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b>Item 5. <u><a name=oin>Other Information</a></u></b>.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><u>Option Re-Pricing</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>On September 6, 2017,&nbsp;the compensation committee of the Company re-priced certain issued and outstanding stock options to purchase in the aggregate 2,029,600 shares of Company common stock for all of the current officers, directors and employees of the Company along with certain consultants (the &#147;Re-Priced Options&#148;) pursuant to the authority granted to the compensation committee by the Board of Directors of the Company. The new exercise price of the Re-Priced Options is $0.67, the closing sales price of the Company&#146;s common stock on September 6, 2017.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>All other terms of the previously granted Re-Priced Options remain the same, including without limitation, the number of shares underlying the options granted, the vesting periods of the options, and the expiration dates of the options.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>In the aggregate, options to purchase 1,470,400 shares of the Company&#146;s common stock issued to the Company&#146;s executive officers and directors are affected by the re-pricing:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>28</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr style=HEIGHT:19.5pt> <td width=86% style="BORDER-TOP:black 1pt solid; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:86%; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><font style=COLOR:black>Name of Officer/Director</font></b></p></td> <td width=14% style="BORDER-TOP:black 1pt solid; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:14%; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=COLOR:black>Number of</font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=COLOR:black>Options</font></b></p></td></tr> <tr style=HEIGHT:19.5pt> <td width=86% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:86%; BACKGROUND:#cceeff; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Dr. Amit Kumar</font></p></td> <td width=14% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:14%; BACKGROUND:#cceeff; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>880,000</font></p></td></tr> <tr style=HEIGHT:19.5pt> <td width=86% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:86%; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Lewis H. Titterton</font></p></td> <td width=14% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:14%; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>262,400</font></p></td></tr> <tr style=HEIGHT:19.5pt> <td width=86% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:86%; BACKGROUND:#cceeff; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Dr. Arnold Baskies</font></p></td> <td width=14% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:14%; BACKGROUND:#cceeff; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>18,000</font></p></td></tr> <tr style=HEIGHT:19.5pt> <td width=86% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:86%; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Dr. John Monahan</font></p></td> <td width=14% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:14%; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>18,000</font></p></td></tr> <tr style=HEIGHT:19.5pt> <td width=86% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:86%; BACKGROUND:#cceeff; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Dale Fox</font></p></td> <td width=14% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:14%; BACKGROUND:#cceeff; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>42,000</font></p></td></tr> <tr style=HEIGHT:19.5pt> <td width=86% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:86%; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Michael Catelani</font></p></td> <td width=14% style="BORDER-TOP:0px; HEIGHT:19.5pt; BORDER-RIGHT:black 1pt solid; WIDTH:14%; BORDER-BOTTOM:black 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><font style=COLOR:black>250,000</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><b><font style=COLOR:black>Item 6.&nbsp; <u><a name=exhi>Exhibits</a>.</u></font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>31.1&nbsp;&nbsp; Certification of Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated September 8, 2017.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>31.2&nbsp;&nbsp; Certification of Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated September 8, 2017.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>32.1&nbsp;&nbsp; Statement of Chief Executive Officer, pursuant to Section 1350 of Title 18 of the United States Code, dated September 8, 2017.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>32.2&nbsp;&nbsp; Statement of Chief Financial Officer, pursuant to Section 1350 of Title 18 of the United States Code, dated September 8, 2017.</p><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; COLOR:black'><br clear=all style=PAGE-BREAK-BEFORE:always></font> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>29</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b> <hr> <DIV style="PAGE-BREAK-BEFORE: always"></DIV> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><a href=#toc><font color=#0066cc>Table of content</font></a></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><b><u><font style=COLOR:black><a name=sign>SIGNATURES</a></font></u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt 1.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-33pt' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:; TEXT-INDENT:0.5in'>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LINE-HEIGHT:90%; TEXT-AUTOSPACE:'><font style="COLOR:black; LINE-HEIGHT:90%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p> <table width=601 bordercolor=transparent style="WIDTH:450.4pt; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=314 colspan=2 nowrap style="HEIGHT:15pt; WIDTH:235.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="TEXT-TRANSFORM:uppercase; COLOR:black">ITUS CORPORATION</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>By:</font></p></td> <td width=284 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:213pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>/s/ Dr. Amit Kumar</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Dr. Amit Kumar</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Chairman, President and </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Chief Executive Officer</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>September 8, 2017</font></p></td> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>(Principal Executive Officer)</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>By:</font></p></td> <td width=284 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:213pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>/s/ Michael J. Catelani</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Michael J. Catelani</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Chief Operating Officer and </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Chief Financial Officer</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>(Principal Financial and</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=286 nowrap style="HEIGHT:15pt; WIDTH:214.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>September 8, 2017</font></p></td> <td width=30 nowrap style="HEIGHT:15pt; WIDTH:22.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=284 nowrap style="HEIGHT:15pt; WIDTH:213pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accounting Officer)</font></p></td></tr></table> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; LINE-HEIGHT:90%; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>30</p></div></body>
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<TYPE>EX-31.1
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<FILENAME>exhibit31_1.htm
<DESCRIPTION>EXHIBIT 31.1
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<head><title>Exhibit 31.1</title></head> <body lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><b><u></u></b>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><b><u>Exhibit 31.1</u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u>CERTIFICATION</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>I, Dr. Amit Kumar, certify that:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this quarterly report on Form 10-Q of ITUS Corporation; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; PAGE-BREAK-AFTER:avoid; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a&#8209;15(e) and 15d&#8209;15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'><font style=LAYOUT-GRID-MODE:line>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'><font style="LAYOUT-GRID-MODE:line; COLOR:black">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D</font>esigned such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'><font style="LAYOUT-GRID-MODE:line; COLOR:black">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style=LAYOUT-GRID-MODE:line>Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'><font style="LAYOUT-GRID-MODE:line; COLOR:black">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style=LAYOUT-GRID-MODE:line>Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions): </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize and report financial information; and </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <table width=600 style="WIDTH:6.25in; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:45%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">/s/ Dr. Amit Kumar</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:45%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">Dr. Amit Kumar</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">Chairman, President and </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">Chief Executive Officer </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>September 8, 2017</p></td> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>(Principal Executive Officer)</font></p></td></tr></table> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></div></body>
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<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>exhibit31_2.htm
<DESCRIPTION>EXHIBIT 31.2
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<head><title>Exhibit 31.2</title></head> <body lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><b><u></u></b>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=right><b><u>Exhibit 31.2</u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u>CERTIFICATION</u></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>I, Michael J. Catelani, certify that:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this quarterly report on Form 10-Q of ITUS Corporation; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; PAGE-BREAK-AFTER:avoid; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a&#8209;15(e) and 15d&#8209;15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'><font style=LAYOUT-GRID-MODE:line>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'><font style="LAYOUT-GRID-MODE:line; COLOR:black">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D</font>esigned such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'><font style="LAYOUT-GRID-MODE:line; COLOR:black">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style=LAYOUT-GRID-MODE:line>Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'><font style="LAYOUT-GRID-MODE:line; COLOR:black">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style=LAYOUT-GRID-MODE:line>Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions): </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.5in'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize and report financial information; and </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 1in; TEXT-AUTOSPACE:'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <table width=600 style="WIDTH:6.25in; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:45%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">/s/ Michael J. Catelani</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:45%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">Michael J. Catelani</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Chief Operating Officer and </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Chief Financial Officer</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>(Principal Financial and</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>September 8, 2017</p></td> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accounting Officer)</font></p></td></tr></table> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></div></body>
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<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>exhibit32_1.htm
<DESCRIPTION>EXHIBIT 32.1
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<head><title>Exhibit 32.1</title></head> <body lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; LINE-HEIGHT:90%; TEXT-AUTOSPACE:' align=right><b><u></u></b>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; LINE-HEIGHT:90%; TEXT-AUTOSPACE:' align=right><b><u>Exhibit 32.1</u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>Statement of Chief Executive Officer</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>Pursuant to Section 1350 of Title 18 of the United States Code</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>Pursuant to Section 1350 of Title 18 of the United States Code, the undersigned, <font style=COLOR:black>Dr. Amit Kumar</font>, the Chairman, President and Chief Executive Officer of ITUS Corporation, hereby certifies that:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <ol type=1 style="MARGIN-BOTTOM:0in; MARGIN-TOP:0in"> <li style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'>The Company's Form 10-Q Quarterly Report for the period ended July 31, 2017 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </li></ol> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.25in; TEXT-AUTOSPACE:'>&nbsp;</p> <ol type=1 style="MARGIN-BOTTOM:0in; MARGIN-TOP:0in" start=2> <li style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </li></ol> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=LETTER-SPACING:-0.15pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p> <table width=600 style="WIDTH:6.25in; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:45%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">/s/ Dr. Amit Kumar</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:45%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">Dr. Amit Kumar</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">Chairman, President and </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">Chief Executive Officer </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>September 8, 2017</p></td> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>(Principal Executive Officer)</font></p></td></tr></table><font style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"'><br clear=all style=PAGE-BREAK-BEFORE:always></font> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></div></body>
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<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>5
<FILENAME>exhibit32_2.htm
<DESCRIPTION>EXHIBIT 32.2
<TEXT>
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<head><title>Exhibit 32.2</title></head> <body lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; LINE-HEIGHT:90%; TEXT-AUTOSPACE:' align=right><b><u></u></b>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt; LINE-HEIGHT:90%; TEXT-AUTOSPACE:' align=right><b><u>Exhibit 32.2</u></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>Statement of Chief Financial Officer</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center>Pursuant to Section 1350 of Title 18 of the United States Code</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>Pursuant to Section 1350 of Title 18 of the United States Code, the undersigned, Michael J. Catelani, the Chief Operating Officer and Chief Financial Officer of ITUS Corporation, hereby certifies that:</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <ol type=1 style="MARGIN-BOTTOM:0in; MARGIN-TOP:0in"> <li style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'>The Company's Form 10-Q Quarterly Report for the period ended July 31, 2017 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </li></ol> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <ol type=1 style="MARGIN-BOTTOM:0in; MARGIN-TOP:0in" start=2> <li style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric'>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </li></ol> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.25in; TEXT-AUTOSPACE:'>&nbsp;</p> <table width=600 style="WIDTH:6.25in; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:45%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">/s/ Michael J. Catelani</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:45%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style="COLOR:black; LETTER-SPACING:-0.15pt">Michael J. Catelani</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Chief Operating Officer and</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Chief Financial Officer</font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>(Principal Financial and </font></p></td></tr> <tr style=HEIGHT:15.75pt> <td width=55% nowrap style="HEIGHT:15.75pt; WIDTH:55%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>September 8, 2017</p></td> <td width=45% nowrap style="HEIGHT:15.75pt; WIDTH:45%; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'><font style=COLOR:black>Accounting Officer)</font></p></td></tr></table> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></div></body>
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&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:&quot;&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;font style=&quot;text-decoration:underline&quot;&gt;BUSINESS&amp;#160;AND&amp;#160;FUNDING&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;Description of Business&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;As used herein, &amp;#8220;we,&amp;#8221; &amp;#8220;us,&amp;#8221; &amp;#8220;our,&amp;#8221; the &amp;#8220;Company&amp;#8221; or &amp;#8220;ITUS&amp;#8221; means ITUS Corporation and its wholly-owned subsidiaries.&amp;#160; &lt;font style=&quot;COLOR:black&quot;&gt;From inception through October 2012, our primary operations involved the development of patented technologies in the areas of thin-film displays and encryption. &amp;#160;Beginning in October of 2012 under the leadership of a new management team, we recapitalized the Company, changed the Company&amp;#8217;s name and ticker symbol, relocated the Company&amp;#8217;s headquarters, and modernized its systems.&amp;#160; In July of 2015, the Company&amp;#8217;s stock was accepted for listing and began trading on the NASDAQ Capital Market.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; text-align: justify; margin: 0in 0in 0pt; text-indent: 0.5in;&quot;&gt;&lt;font style=&quot;color: black;&quot;&gt;In June of 2015, the Company announced the formation of a new subsidiary, Anixa Diagnostics Corporation (&amp;#x201c;Anixa&amp;#x201d;), to develop a platform for non-invasive blood tests for the early detection of cancer.&amp;#160; That platform is called Cchek&amp;#x2122;. In July of 2015, ITUS announced a collaborative research agreement with The Wistar Institute (&amp;#x201c;Wistar&amp;#x201d;), the nation&amp;#x2019;s first independent biomedical research institute and a leading National Cancer Institute designated cancer research center, for the purpose of validating our cancer detection methodologies and establishing protocols for identifying certain biomarkers in the blood which we identified and which are known to be associated with malignancies.&amp;#160; In August of 2016, ITUS announced the renewal and expansion of our relationship with Wistar.&amp;#160; Further, in July of 2017, ITUS and Wistar announced that they renewed and expanded their relationship once more.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; text-align: justify; margin: 0in 0in 0pt; text-indent: 0.5in;&quot;&gt;&lt;font style=&quot;color: black;&quot;&gt;From October of 2015 through January of 2017, ITUS announced that we had demonstrated the efficacy of our Cchek&amp;#x2122; early cancer detection platform with Breast Cancer, Lung Cancer Melanoma, Ovarian Cancer, Liver Cancer, Thyroid Cancer, Pancreatic Cancer, &lt;/font&gt;Appendiceal Cancer (cancer of the appendix), Uterine Cancer, Osteosarcoma (cancer of the bone), Leiomyosarcoma (cancer of the soft tissue), Liposarcoma (cancer of the connective tissue), Vulvar Cancer (cancer of the vulva), and &lt;font style=&quot;color: black;&quot;&gt;Prostate Cancer&lt;/font&gt;, bringing the number of cancer types for which the efficacy of &lt;font style=&quot;color: black;&quot;&gt;Cchek&amp;#x2122; &lt;font style=&quot;color: black;&quot;&gt;has been validated thus far to fifteen.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;Over the next several quarters, we expect Cchek&amp;#8482; to be the primary focus of the Company.&amp;#160; As part of our legacy operations, the Company remains engaged in limited patent licensing activities in the area of encrypted audio/video conference calling.&amp;#160; We do not expect these activities to be a significant part of the Company&amp;#8217;s ongoing operations.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;In the past, our revenue has been derived from technology licensing and the sale of patented technologies, including in connection with the settlement of litigation.&amp;#160; In addition to Anixa, the Company may make investments in and form new companies to develop additional emerging technologies.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:10pt; FONT-FAMILY:&amp;quot;Courier New&amp;quot;; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;&lt;font style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;&quot;&gt;Funding and Management&amp;#8217;s Plans&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;font style=&quot;BACKGROUND:white; COLOR:black&quot;&gt;During the nine months ended July 31, 2017, cash used in operating activities was approximately $3,057,000.&amp;#160; Net cash used by investing activities was approximately $3,518,000, which reflects the purchase of certificates of deposit totaling $4,251,000, offset by proceeds from the sale or maturity of certificates of deposit totaling $750,000 and the purchase of property and equipment of approximately $17,000.&amp;#160; Cash provided by financing activities was approximately $5,921,000, representing net proceeds from the sale of shares of common stock to Company shareholders through a rights offering receiving proceeds of approximately $4,203,000, net proceeds from the sale of shares of common stock in a registered public offering receiving proceeds of approximately $3,212,000 and the exercise of stock options, offset by payments of $1,000,000 under the secured debenture and the redemption of our Series A Convertible Preferred Stock (the &amp;#8220;Series A Preferred&amp;#8221;) of $500,000.&amp;#160; As a result, our cash, cash equivalents and short-term investments at July 31, 2017 increased by approximately $2,846,000 to approximately $6,085,000 from approximately $3,238,000 at the end of fiscal year 2016.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;Based on currently available information as of September 8, 2017, we believe that our existing cash, cash equivalents, short-term investments and expected cash flows from operations will be sufficient to fund our activities and debt obligations for the next 12 months.&amp;#160; However, our projections of future cash needs and cash flows may differ from actual results.&amp;#160; To date, we have relied primarily upon cash from the public and private sale of equity and debt securities to generate the working capital needed to finance our operations.&amp;#160; If current cash on hand, cash equivalents, short term investments and cash that may be generated from our business operations are insufficient to continue to operate our business and repay our indebtedness, we will be required to obtain more working capital.&amp;#160; We may seek to obtain working capital through sales of our equity securities or through bank credit facilities or public or private debt from various financial institutions where possible and as permitted pursuant to our existing indebtedness.&lt;/font&gt; &amp;#160;&lt;font style=&quot;COLOR:black&quot;&gt;We cannot be certain that additional funding will be available on acceptable terms, or at all.&amp;#160; If we do identify sources for additional funding, the sale of additional equity securities or convertible debt could result in dilution to our stockholders. &amp;#160;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. &amp;#160;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;#160;If we fail to obtain additional working capital as and when needed, it could have a material adverse impact on our business, results of operations and financial condition.&amp;#160; Furthermore, such lack of funds may inhibit our ability to respond to competitive pressures or unanticipated capital needs, or may force us to reduce operating expenses, which would significantly harm the business and development of operations.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;Basis of Presentation&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X.&amp;#160; Accordingly, certain information and footnotes required by generally accepted accounting principles in annual financial statements have been omitted or condensed.&amp;#160; These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended October 31, 2016, as reported by us in our Annual Report on Form 10-K.&amp;#160; The October 31, 2016 consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (&amp;#8220;US GAAP&amp;#8221;).&amp;#160; The condensed consolidated financial statements include all adjustments of a normal recurring nature which, in the opinion of management, are necessary for a fair statement of our financial position as of July 31, 2017, and results of operations and cash flows for the interim periods represented.&amp;#160; The results of operations for the nine and three months ended July 31, 2017 are not necessarily indicative of the results to be expected for the entire year.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;Revenue Recognition&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;font style=&quot;COLOR:black&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;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;Patent Licensing&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in&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;#160;&amp;#160;These arrangements typically include some combination of the following:&amp;#160;&amp;#160;(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;#160;&amp;#160;In such instances, the intellectual property rights granted have been perpetual in nature, extending until the expiration of the related patents.&amp;#160;&amp;#160;Pursuant to the terms of these agreements, we had no further obligations. &amp;#160;&amp;#160;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:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;Intangible Assets&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;Our only identifiable intangible assets are patents and patent rights.&amp;#160; We capitalize patent and patent rights acquisition costs and amortize the cost over the estimated economic useful life.&amp;#160; We did not capitalize any patent acquisition costs during the nine months ended July 31, 2017 and 2016. &amp;#160;We recorded patent amortization expense of approximately $244,000 during each of the nine month periods ended July 31, 2017 and 2016&lt;a name=&quot;_DV_M82&quot;&gt;&lt;/a&gt; and approximately $81,000 during each of the three month periods ended July 31, 2017 and 2016, respectively.&lt;/p&gt;&lt;br/&gt;&lt;/div&gt;</us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock>
  <us-gaap:CashPeriodIncreaseDecrease unitRef="usd" contextRef="c8_From1Nov2016To31Jul2017" decimals="0">2846000</us-gaap:CashPeriodIncreaseDecrease>
  <us-gaap:CashCashEquivalentsAndShortTermInvestments unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">6085000</us-gaap:CashCashEquivalentsAndShortTermInvestments>
  <us-gaap:CashCashEquivalentsAndShortTermInvestments unitRef="usd" contextRef="c1_AsOf31Oct2016" decimals="0">3238000</us-gaap:CashCashEquivalentsAndShortTermInvestments>
<!-- [WMV4][XcpuxYn59dz7vgYynUDuwG7r97K2jUTysl7vcz0lJt+1Vq3zhhUlfDeP/RQUzUZiwX1Z6rUqHVJXvfnkhcbdFVDB3Xzjr8GYpXHzSAgIDdOHgH7kHjC+cMzQpdvUPJLYHpSx5V93KWvkV2jX+xWZKIXRx2Mf5OunMgAy5UxPn8r/14GO1LLyhM2MST2MhQWC9mhJ1AisTls2Gpsx6bI+iv6/YDV9avlz] CSR-->
  <us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;div style=&quot;font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; font-size: 12pt; &quot;&gt;
&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160; &amp;#160;&amp;#160;&amp;#160; &lt;font style=&quot;text-decoration:underline&quot;&gt;STOCK BASED COMPENSATION&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;The Company maintains stock equity incentive plans under which the Company grants non-qualified stock options, stock appreciation rights, stock awards, performance awards, or stock units to employees, directors and consultants.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;Stock Option Compensation Expense &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; text-align: justify; margin: 0in 0in 0pt; text-indent: 0.5in;&quot;&gt;The compensation cost for stock options granted to employees and directors is measured at the grant date, based on the fair value of the award using the Black-Scholes pricing model, and is recognized as an expense, on a straight-line basis, over the requisite service period (the vesting period of the stock option) which is one to ten &lt;font style=&quot;color: black;&quot;&gt;years&lt;/font&gt;. We recorded stock-based compensation expense, related to stock options granted to employees and directors, of approximately $933,000 and $570,000 during the nine months ended July 31, 2017 and 2016, respectively, and approximately $481,000 and $240,000 during the three months ended July 31, 2017 and 2016, respectively.&amp;#160; Associated with the resignation of the Company&amp;#x2019;s former chief executive officer (the &amp;#x201c;Executive&amp;#x201d;), all unvested options held by the Executive became fully vested upon Executive&amp;#x2019;s resignation.&amp;#160; This acceleration of vesting terms resulted in an expense of approximately $285,000 during the three and nine month periods ended July 31, 2017.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;Stock Option Activity &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;During the nine months ended July 31, 2017 and 2016, we granted options to purchase 352,000 shares and 545,000 shares of common stock, respectively, to employees and directors at weighted average exercise prices of $2.18 and $2.92 per share, respectively, pursuant to the ITUS Corporation 2010 Share Incentive Plan (the &quot;2010 Share Plan&amp;#8221;).&amp;#160; During the nine months ended July 31, 2017 and 2016, stock options to purchase 2,200 and 9,080 shares of common stock, respectively, were exercised with aggregate proceeds of approximately $6,000 and $23,000, respectively. &amp;#160;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;Stock&amp;#160;Option&amp;#160;Plans&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;As of July 31, 2017, we have two stock option plans:&amp;#160; the ITUS Corporation 2003 Share Incentive Plan (the &quot;2003 Share Plan&quot;) and the 2010 Share Plan, which were adopted by our Board of Directors on April 21, 2003 and July 14, 2010, respectively.&amp;#160; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;The 2003 Share Plan provided for the grant of nonqualified stock options, stock appreciation rights, stock awards, performance awards and stock units to key employees, directors and consultants.&amp;#160; In accordance with the provisions of the 2003 Share Plan, the plan terminated with respect to the ability to grant future options on April 21, 2013. &amp;#160;Information regarding the 2003 Share Plan for the nine months ended July 31, 2017 is as follows:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 16.08%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; colspan=&quot;2&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average Exercise&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;Price Per Share&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 13.28%; padding: 0in; white-space: nowrap;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 13.28%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Aggregate&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Intrinsic&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Value&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 11.66%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Shares&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding at October 31, 2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.66%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;225,600 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2.3%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 13.78%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;18.69 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.62%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 55.66%; padding: 0in 0in 0in 10pt; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercised&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 11.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(2,200)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2.3%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 13.78%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.58 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 11.62%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 55.66%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Forfeited&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.66%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(34,400)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2.3%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 13.78%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;17.85 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 11.62%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding and exercisable at &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; July 31, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.66%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;189,000&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2.3%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 13.78%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;19.03 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 11.62%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:10pt; FONT-FAMILY:&amp;quot;Courier New&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;font style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;&quot;&gt;The following table summarizes information about stock options outstanding and exercisable under the 2003 Share Plan as of July 31, 2017: &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550.65pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;734&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Number&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Outstanding&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;and&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercisable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Remaining&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Contractual Life&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(in years)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23.1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Price&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Range of&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Prices&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160; $&amp;#160; 1.79 - $&amp;#160; 7.75&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;39,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1.06&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.92 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160; $13.50 - $17.50&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;21,400&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.20&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;16.46 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160; $18.75 - $23.00&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;88,600&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.11&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;22.13 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$29.25 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;40,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.06&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;29.25 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&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, directors and consultants.&amp;#160; As of July 31, 2017, the 2010 Share Plan had 541,266 shares available for future grants.&amp;#160; Information regarding the 2010 Share Plan for the nine months ended July 31, 2017 is as follows: &lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;br /&gt;Exercise Price &lt;br /&gt;Per Share&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Aggregate&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Intrinsic&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Value&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Shares&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding at October 31, 2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,080,872 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;3.12 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 56%; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Granted&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;352,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.18 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 56%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Forfeited&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(23,266)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4.68 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 16.5pt;&quot;&gt;
&lt;td style=&quot;height: 16.5pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding&amp;#160; at &lt;/font&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;July 31&lt;/font&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,409,606 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.86 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 16.5pt;&quot;&gt;
&lt;td style=&quot;height: 16.5pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Exercisable at &lt;/font&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;July 31&lt;/font&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;950,467 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;3.13 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;The following table summarizes information about stock options outstanding and exercisable under the 2010 Share Plan as of July 31, 2017:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 650pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;867&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Exercisable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;5&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Remaining&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Contractual&amp;#160;&lt;br /&gt;Life&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(in years)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;5&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Remaining&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Contractual&amp;#160;&lt;br /&gt;Life&amp;#160;&lt;br /&gt;(in years)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise&amp;#160;&lt;br /&gt;Price&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Price&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Range of&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Prices&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 13%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 13%;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Number&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Outstanding&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 13%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 13%;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Number&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercisable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$0.82 - $0.96&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;246,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;9.94&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;0.96 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$2.58 - $9.25&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,163,606&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;6.45&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;3.26 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;950,467&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;5.92&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;3.13 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in&quot;&gt;In addition to options granted under the 2003 Share Plan and the 2010 Share Plan, the Board of Directors approved the grant of stock options to purchase 1,780,000 shares.&amp;#160; Information regarding stock options outstanding that were not granted under the 2003 Plan or the 2010 Plan for the nine months ended July 31, 2017 is as follows: &lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&amp;#160;&lt;br /&gt;Exercise&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Price Per Share&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Aggregate&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Intrinsic&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Value&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Shares&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding at October 31, 2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,780,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.70 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 16.5pt;&quot;&gt;
&lt;td style=&quot;height: 16.5pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding&amp;#160; and exercisable at&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; July 31, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,780,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.70 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in&quot;&gt;The following table summarizes information about stock options outstanding and exercisable that were not granted under the 2003 Share Plan or the 2010 Share Plan as of July 31, 2017:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 23%; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Number&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Outstanding&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;and&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercisable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Remaining&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Contractual Life&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(in years)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; padding: 0in; white-space: nowrap; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 23%; padding: 0in; white-space: nowrap; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise&amp;#160;&lt;br /&gt;Price&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Range of&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Prices&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$2.58 - $5.56&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,780,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4.94&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.70&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; display: none; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;Stock Awards &lt;a name=&quot;_DV_M176&quot;&gt;&lt;/a&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;We account for stock awards granted to employees and consultants based on the grant date market price of the underlying common stock.&amp;#160; During the nine months ended July 31, 2017 and 2016, we issued 3,463 shares and 9,795 shares, respectively, of common stock to consultants for services rendered.&amp;#160; We recorded consulting expense for the nine months ended July 31, 2017 and 2016 of approximately $18,000 and $28,000, respectively, for the shares of common stock issued to consultants.&amp;#160; &lt;/p&gt;&lt;br/&gt;&lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 contextRef="c32_From1Nov2016To31Jul2017_EmployeeStockOptionMember_MinimumMember">P1Y</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 contextRef="c33_From1Nov2016To31Jul2017_EmployeeStockOptionMember_MaximumMember">P10Y</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c34_From1Nov2016To31Jul2017_EmployeeStockOptionMember" decimals="0">933000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c35_From1Nov2015To31Jul2016_EmployeeStockOptionMember" decimals="0">570000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c36_From1May2017To31Jul2017_EmployeeStockOptionMember" decimals="0">481000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation unitRef="usd" contextRef="c37_From1May2016To31Jul2016_EmployeeStockOptionMember" decimals="0">240000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost unitRef="usd" contextRef="c36_From1May2017To31Jul2017_EmployeeStockOptionMember" decimals="0">285000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost unitRef="usd" contextRef="c34_From1Nov2016To31Jul2017_EmployeeStockOptionMember" decimals="0">285000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c38_From1Nov2016To31Jul2017_EmployeeStockOptionMember_A2010SharePlanMember" decimals="INF">352000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c39_From1Nov2015To31Jul2016_EmployeeStockOptionMember_A2010SharePlanMember" decimals="INF">545000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c38_From1Nov2016To31Jul2017_EmployeeStockOptionMember_A2010SharePlanMember" decimals="2">2.18</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c39_From1Nov2015To31Jul2016_EmployeeStockOptionMember_A2010SharePlanMember" decimals="2">2.92</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised unitRef="shares" contextRef="c38_From1Nov2016To31Jul2017_EmployeeStockOptionMember_A2010SharePlanMember" decimals="INF">2200</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised unitRef="shares" contextRef="c39_From1Nov2015To31Jul2016_EmployeeStockOptionMember_A2010SharePlanMember" decimals="INF">9080</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:ProceedsFromStockOptionsExercised unitRef="usd" contextRef="c38_From1Nov2016To31Jul2017_EmployeeStockOptionMember_A2010SharePlanMember" decimals="0">6000</us-gaap:ProceedsFromStockOptionsExercised>
  <us-gaap:ProceedsFromStockOptionsExercised unitRef="usd" contextRef="c39_From1Nov2015To31Jul2016_EmployeeStockOptionMember_A2010SharePlanMember" decimals="0">23000</us-gaap:ProceedsFromStockOptionsExercised>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant unitRef="shares" contextRef="c40_AsOf31Jul2017_EmployeeStockOptionMember_A2010SharePlanMember" decimals="INF">541266</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c8_From1Nov2016To31Jul2017" decimals="INF">1780000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:StockIssuedDuringPeriodSharesIssuedForServices unitRef="shares" contextRef="c41_From1Nov2016To31Jul2017_EmployeeStockOptionMember_ConsultantMember" decimals="INF">3463</us-gaap:StockIssuedDuringPeriodSharesIssuedForServices>
  <us-gaap:StockIssuedDuringPeriodSharesIssuedForServices unitRef="shares" contextRef="c42_From1Nov2015To31Jul2016_EmployeeStockOptionMember_ConsultantMember" decimals="INF">9795</us-gaap:StockIssuedDuringPeriodSharesIssuedForServices>
  <itus:ConsultationExpense unitRef="usd" contextRef="c41_From1Nov2016To31Jul2017_EmployeeStockOptionMember_ConsultantMember" decimals="0">18000</itus:ConsultationExpense>
  <itus:ConsultationExpense unitRef="usd" contextRef="c42_From1Nov2015To31Jul2016_EmployeeStockOptionMember_ConsultantMember" decimals="0">28000</itus:ConsultationExpense>
  <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="c43_From1Nov2016To31Jul2017_A2003SharePlanMember">&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 16.08%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; colspan=&quot;2&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average Exercise&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;Price Per Share&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 13.28%; padding: 0in; white-space: nowrap;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 13.28%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Aggregate&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Intrinsic&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Value&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 11.66%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Shares&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 55.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding at October 31, 2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.66%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;225,600 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2.3%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 13.78%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;18.69 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 11.62%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 55.66%; padding: 0in 0in 0in 10pt; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercised&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 11.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(2,200)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2.3%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 13.78%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.58 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 11.62%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 55.66%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Forfeited&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.66%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(34,400)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2.3%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 13.78%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;17.85 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 11.62%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 55.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding and exercisable at &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; July 31, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.66%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;189,000&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2.3%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 13.78%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;19.03 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 11.62%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c44_AsOf31Oct2016_A2003SharePlanMember" decimals="INF">225600</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c44_AsOf31Oct2016_A2003SharePlanMember" decimals="2">18.69</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised unitRef="shares" contextRef="c43_From1Nov2016To31Jul2017_A2003SharePlanMember" decimals="INF">2200</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c43_From1Nov2016To31Jul2017_A2003SharePlanMember" decimals="2">2.58</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod unitRef="shares" contextRef="c43_From1Nov2016To31Jul2017_A2003SharePlanMember" decimals="INF">34400</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c43_From1Nov2016To31Jul2017_A2003SharePlanMember" decimals="2">17.85</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber unitRef="shares" contextRef="c45_AsOf31Jul2017_A2003SharePlanMember" decimals="INF">189000</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c45_AsOf31Jul2017_A2003SharePlanMember" decimals="2">19.03</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue unitRef="usd" contextRef="c45_AsOf31Jul2017_A2003SharePlanMember" xs:nil="true"/>
  <us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock contextRef="c43_From1Nov2016To31Jul2017_A2003SharePlanMember">&lt;table style=&quot;width: 550.65pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;734&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Number&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Outstanding&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;and&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercisable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Remaining&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Contractual Life&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(in years)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23.1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Price&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Range of&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Prices&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160; $&amp;#160; 1.79 - $&amp;#160; 7.75&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;39,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1.06&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.92 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160; $13.50 - $17.50&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;21,400&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.20&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;16.46 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160; $18.75 - $23.00&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;88,600&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.11&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;22.13 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$29.25 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;40,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 22.98%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.06&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23.1%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;29.25 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable unitRef="shares" contextRef="c46_AsOf31Jul2017_A2003SharePlanMember_RangeOfExercisePrices179To775Member" decimals="INF">39000</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable>
  <itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2 contextRef="c47_From1Nov2016To31Jul2017_A2003SharePlanMember_RangeOfExercisePrices179To775Member">P1Y21D</itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c46_AsOf31Jul2017_A2003SharePlanMember_RangeOfExercisePrices179To775Member" decimals="2">2.92</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable unitRef="shares" contextRef="c48_AsOf31Jul2017_A2003SharePlanMember_RangeOfExercisePrices1350To1750Member" decimals="INF">21400</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable>
  <itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2 contextRef="c49_From1Nov2016To31Jul2017_A2003SharePlanMember_RangeOfExercisePrices1350To1750Member">P73D</itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c48_AsOf31Jul2017_A2003SharePlanMember_RangeOfExercisePrices1350To1750Member" decimals="2">16.46</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable unitRef="shares" contextRef="c50_AsOf31Jul2017_A2003SharePlanMember_RangeOfExercisePrices1875To2300Member" decimals="INF">88600</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable>
  <itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2 contextRef="c51_From1Nov2016To31Jul2017_A2003SharePlanMember_RangeOfExercisePrices1875To2300Member">P40D</itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c50_AsOf31Jul2017_A2003SharePlanMember_RangeOfExercisePrices1875To2300Member" decimals="2">22.13</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable unitRef="shares" contextRef="c52_AsOf31Jul2017_A2003SharePlanMember_RangeOfExercisePrices2925Member" decimals="INF">40000</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable>
  <itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2 contextRef="c53_From1Nov2016To31Jul2017_A2003SharePlanMember_RangeOfExercisePrices2925Member">P21D</itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c52_AsOf31Jul2017_A2003SharePlanMember_RangeOfExercisePrices2925Member" decimals="2">29.25</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice>
  <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="c54_From1Nov2016To31Jul2017_A2010SharePlanMember">&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;br /&gt;Exercise Price &lt;br /&gt;Per Share&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Aggregate&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Intrinsic&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Value&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Shares&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding at October 31, 2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,080,872 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;3.12 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 56%; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Granted&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;352,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.18 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 56%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Forfeited&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(23,266)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4.68 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 16.5pt;&quot;&gt;
&lt;td style=&quot;height: 16.5pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding&amp;#160; at &lt;/font&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;July 31&lt;/font&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,409,606 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.86 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 16.5pt;&quot;&gt;
&lt;td style=&quot;height: 16.5pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Exercisable at &lt;/font&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;July 31&lt;/font&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;950,467 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;3.13 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c55_AsOf31Oct2016_A2010SharePlanMember" decimals="INF">1080872</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c55_AsOf31Oct2016_A2010SharePlanMember" decimals="2">3.12</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross unitRef="shares" contextRef="c54_From1Nov2016To31Jul2017_A2010SharePlanMember" decimals="INF">352000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c54_From1Nov2016To31Jul2017_A2010SharePlanMember" decimals="2">2.18</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod unitRef="shares" contextRef="c54_From1Nov2016To31Jul2017_A2010SharePlanMember" decimals="INF">23266</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c54_From1Nov2016To31Jul2017_A2010SharePlanMember" decimals="2">4.68</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c56_AsOf31Jul2017_A2010SharePlanMember" decimals="INF">1409606</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c56_AsOf31Jul2017_A2010SharePlanMember" decimals="2">2.86</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue unitRef="usd" contextRef="c56_AsOf31Jul2017_A2010SharePlanMember" xs:nil="true"/>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber unitRef="shares" contextRef="c56_AsOf31Jul2017_A2010SharePlanMember" decimals="INF">950467</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c56_AsOf31Jul2017_A2010SharePlanMember" decimals="2">3.13</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 unitRef="usd" contextRef="c56_AsOf31Jul2017_A2010SharePlanMember" xs:nil="true"/>
  <us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock contextRef="c54_From1Nov2016To31Jul2017_A2010SharePlanMember">&lt;table style=&quot;width: 650pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;867&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Exercisable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;5&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Remaining&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Contractual&amp;#160;&lt;br /&gt;Life&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(in years)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;5&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Remaining&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Contractual&amp;#160;&lt;br /&gt;Life&amp;#160;&lt;br /&gt;(in years)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise&amp;#160;&lt;br /&gt;Price&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Price&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Range of&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Prices&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 13%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 13%;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Number&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Outstanding&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 13%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 13%;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Number&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercisable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 11.25pt; border-right: 0px; width: 1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$0.82 - $0.96&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;246,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;9.94&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;0.96 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 11.25pt;&quot;&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$2.58 - $9.25&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,163,606&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;6.45&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;3.26 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;950,467&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;5.92&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: 115%;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;3.13 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions unitRef="shares" contextRef="c57_AsOf31Jul2017_A2010SharePlanMember_RangeOfExercisePrices082To096Member" decimals="INF">246000</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 contextRef="c58_From1Nov2016To31Jul2017_A2010SharePlanMember_RangeOfExercisePrices082To096Member">P9Y343D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 unitRef="usdPershares" contextRef="c57_AsOf31Jul2017_A2010SharePlanMember_RangeOfExercisePrices082To096Member" decimals="2">0.96</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions unitRef="shares" contextRef="c57_AsOf31Jul2017_A2010SharePlanMember_RangeOfExercisePrices082To096Member" xs:nil="true"/>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2 contextRef="c58_From1Nov2016To31Jul2017_A2010SharePlanMember_RangeOfExercisePrices082To096Member" xs:nil="true"/>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1 unitRef="usdPershares" contextRef="c57_AsOf31Jul2017_A2010SharePlanMember_RangeOfExercisePrices082To096Member" xs:nil="true"/>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions unitRef="shares" contextRef="c59_AsOf31Jul2017_A2010SharePlanMember_RangeOfExercisePrices258To925Member" decimals="INF">1163606</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 contextRef="c60_From1Nov2016To31Jul2017_A2010SharePlanMember_RangeOfExercisePrices258To925Member">P6Y164D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 unitRef="usdPershares" contextRef="c59_AsOf31Jul2017_A2010SharePlanMember_RangeOfExercisePrices258To925Member" decimals="2">3.26</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
  <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions unitRef="shares" contextRef="c59_AsOf31Jul2017_A2010SharePlanMember_RangeOfExercisePrices258To925Member" decimals="INF">950467</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2 contextRef="c60_From1Nov2016To31Jul2017_A2010SharePlanMember_RangeOfExercisePrices258To925Member">P5Y335D</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2>
  <us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1 unitRef="usdPershares" contextRef="c59_AsOf31Jul2017_A2010SharePlanMember_RangeOfExercisePrices258To925Member" decimals="2">3.13</us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1>
  <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="c61_From1Nov2016To31Jul2017_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember">&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&amp;#160;&lt;br /&gt;Exercise&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Price Per Share&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Aggregate&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Intrinsic&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Value&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Shares&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding at October 31, 2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,780,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.70 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 16.5pt;&quot;&gt;
&lt;td style=&quot;height: 16.5pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Options Outstanding&amp;#160; and exercisable at&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; July 31, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,780,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.70 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber unitRef="shares" contextRef="c62_AsOf31Oct2016_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="INF">1780000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c62_AsOf31Oct2016_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="2">2.70</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber unitRef="shares" contextRef="c63_AsOf31Jul2017_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="INF">1780000</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c63_AsOf31Jul2017_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" decimals="2">2.70</itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice>
  <itus:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue unitRef="usd" contextRef="c63_AsOf31Jul2017_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" xs:nil="true"/>
  <us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock contextRef="c61_From1Nov2016To31Jul2017_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember">&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 23%; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Number&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Outstanding&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;and&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercisable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;&quot; rowspan=&quot;4&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Remaining&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Contractual Life&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(in years)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; padding: 0in; white-space: nowrap; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 23%; padding: 0in; white-space: nowrap; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;&quot; rowspan=&quot;3&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Weighted&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Average&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise&amp;#160;&lt;br /&gt;Price&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Range of&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Exercise Prices&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$2.58 - $5.56&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,780,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4.94&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2.70&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; display: none; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable unitRef="shares" contextRef="c64_AsOf31Jul2017_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_RangeOfExercisePrices258To556Member" decimals="INF">1780000</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable>
  <itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2 contextRef="c65_From1Nov2016To31Jul2017_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_RangeOfExercisePrices258To556Member">P4Y343D</itus:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2>
  <itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice unitRef="usdPershares" contextRef="c64_AsOf31Jul2017_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_RangeOfExercisePrices258To556Member" decimals="2">2.70</itus:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice>
  <us-gaap:FairValueDisclosuresTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;div style=&quot;font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; font-size: 12pt; &quot;&gt;
&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:&quot;&gt;3.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;font style=&quot;text-decoration:underline&quot;&gt;FAIR VALUE MEASUREMENTS&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;US GAAP defines fair value and establishes a framework for measuring fair value. &amp;#160;We have categorized our financial assets, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy as set forth below. &amp;#160;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:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;Financial assets and liabilities recorded in the accompanying condensed 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:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;Level 1 - Financial assets and liabilities 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:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;Level 2 - Financial assets and liabilities 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;#160;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;Level 3 &amp;#8211; Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management&amp;#8217;s own assumptions about the assumptions a market participant would use in pricing the asset and liabilities. &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of July 31, 2017: &lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 1&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 2&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 3&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Money market funds &amp;#x2013; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; Cash equivalents&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,588,116 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,588,116 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Certificates of deposit &amp;#x2013; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; Short-term investments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,251,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,251,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total financial assets&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,588,116 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,251,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;5,839,116 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;a name=&quot;FIS_UNIDENTIFIED_TABLE_18&quot;&gt;&lt;/a&gt;The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2016:&lt;a name=&quot;FIS_UNIDENTIFIED_TABLE_19&quot;&gt;&lt;/a&gt;&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 1&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 2&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 3&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Money market funds &amp;#x2013; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; Cash equivalents&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,899,136 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; -&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,899,136 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Certificates of deposit &amp;#x2013; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; Short term investments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; -&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;750,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;750,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total financial assets&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,899,136 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;750,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2,649,136 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;a name=&quot;FIS_UNIDENTIFIED_TABLE_20&quot;&gt;&lt;/a&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, 2016:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 1&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 2&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 3&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Patent acquisition obligation&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,171,876&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,171,876&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; display: none; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:40.5pt&quot;&gt;&lt;a name=&quot;eolPage31&quot;&gt;&lt;/a&gt;&lt;a name=&quot;FORM10Q_HTM_PAGE_41&quot;&gt;&lt;/a&gt;The following table sets forth the changes in the fair value of the Company&amp;#8217;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;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Patent acquisition obligation&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 86%; background: #cceeff; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Balance October 31, 2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,171,876 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accreted interest on patent obligation&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;228,026 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 86%; background: #cceeff; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Extinguishment of patent obligation&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(4,399,902)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Balance July 31, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in&quot;&gt;Our non-financial assets that are measured on a non-recurring basis include our patents and property and equipment which are measured using fair value techniques whenever events or changes in circumstances indicate a condition of impairment exists.&amp;#160; 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;#160; Cash and cash equivalents are stated at carrying value which approximates fair value.&amp;#160; &lt;/p&gt;&lt;br/&gt;&lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
  <us-gaap:FairValueAssetsMeasuredOnRecurringBasisTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 1&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 2&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 3&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Money market funds &amp;#x2013; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; Cash equivalents&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,588,116 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,588,116 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Certificates of deposit &amp;#x2013; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; Short-term investments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,251,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,251,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total financial assets&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,588,116 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,251,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;5,839,116 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 1&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 2&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 3&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Money market funds &amp;#x2013; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; Cash equivalents&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,899,136 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; -&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,899,136 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Certificates of deposit &amp;#x2013; &lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160; Short term investments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; -&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;750,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;750,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total financial assets&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;1,899,136 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;750,000 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2,649,136 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
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  <us-gaap:AssetsFairValueDisclosureRecurring unitRef="usd" contextRef="c73_AsOf31Jul2017_CertificatesOfDepositMember" decimals="0">4251000</us-gaap:AssetsFairValueDisclosureRecurring>
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  <us-gaap:AssetsFairValueDisclosureRecurring unitRef="usd" contextRef="c82_AsOf31Oct2016_CertificatesOfDepositMember_FairValueInputsLevel2Member" decimals="0">750000</us-gaap:AssetsFairValueDisclosureRecurring>
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  <us-gaap:AssetsFairValueDisclosureRecurring unitRef="usd" contextRef="c84_AsOf31Oct2016_CertificatesOfDepositMember" decimals="0">750000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AssetsFairValueDisclosureRecurring unitRef="usd" contextRef="c85_AsOf31Oct2016_FairValueInputsLevel1Member" decimals="0">1899136</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AssetsFairValueDisclosureRecurring unitRef="usd" contextRef="c86_AsOf31Oct2016_FairValueInputsLevel2Member" decimals="0">750000</us-gaap:AssetsFairValueDisclosureRecurring>
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&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 1&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 2&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Level 3&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;&quot; colspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Patent acquisition obligation&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,171,876&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,171,876&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;&amp;#160;&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; display: none; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;.&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
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&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;text-decoration:underline&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Patent acquisition obligation&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
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&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 86%; background: #cceeff; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Balance October 31, 2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;4,171,876 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
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&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accreted interest on patent obligation&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;228,026 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
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&lt;td style=&quot;height: 15.75pt; width: 86%; background: #cceeff; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Extinguishment of patent obligation&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;(4,399,902)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: justify; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Balance July 31, 2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue unitRef="usd" contextRef="c1_AsOf31Oct2016" decimals="0">4171876</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <itus:InterestExpensePatentAcquisitionObligations unitRef="usd" contextRef="c8_From1Nov2016To31Jul2017" decimals="0">228026</itus:InterestExpensePatentAcquisitionObligations>
  <itus:ExtinguishmentOfPatentObligation unitRef="usd" contextRef="c8_From1Nov2016To31Jul2017" decimals="0">-4399902</itus:ExtinguishmentOfPatentObligation>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue unitRef="usd" contextRef="c0_AsOf31Jul2017" xs:nil="true"/>
  <invest:InvestmentTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;div style=&quot;font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; font-size: 12pt; &quot;&gt;
&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;a name=&quot;eolPage32&quot;&gt;&lt;/a&gt;&lt;font style=&quot;COLOR:black&quot;&gt;4.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;font style=&quot;text-decoration:underline&quot;&gt;INVESTMENTS&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;At July 31, 2017 and October 31, 2016, we had &lt;font style=&quot;COLOR:black&quot;&gt;certificates of deposit &lt;/font&gt;of $4,251,000 and $750,000, respectively, which were classified as &lt;font style=&quot;COLOR:black&quot;&gt;short-term investments and reported at fair value.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;/div&gt;</invest:InvestmentTextBlock>
  <us-gaap:CertificatesOfDepositAtCarryingValue unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">4251000</us-gaap:CertificatesOfDepositAtCarryingValue>
  <us-gaap:CertificatesOfDepositAtCarryingValue unitRef="usd" contextRef="c1_AsOf31Oct2016" decimals="0">750000</us-gaap:CertificatesOfDepositAtCarryingValue>
  <us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;div style=&quot;font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; font-size: 12pt; &quot;&gt;
&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric&quot;&gt;5.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &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:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in&quot;&gt;Accounts payable and accrued expense consist of the following as of:&lt;/p&gt;&lt;br/&gt;&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14.02%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; colspan=&quot;2&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;July 31,&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;October 31,&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accounts payable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12.02%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;444,749 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;373,224 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accrued severance costs&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12.02%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;352,928 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Payroll and related expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12.02%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;48,084 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;49,901 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accrued interest on secured debenture&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12.02%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;20,667 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accrued other&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12.02%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;60,260 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;45,631 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 70.04%; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 0%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; display: none; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12.02%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;926,688 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.94%; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 0%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;468,756 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Accrued severance costs primarily result from the severance arrangement between the Company and its former chief executive officer, and include one year&amp;#8217;s salary and associated taxes.&amp;#160; Severance benefits will be paid out in four equal installments from August 2017 through June 2018.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;/div&gt;</us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock>
  <us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;table style=&quot;width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;&quot; width=&quot;733&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot;&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14.02%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;&quot; colspan=&quot;2&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;July 31,&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2017&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 14%;&quot; colspan=&quot;2&quot; rowspan=&quot;2&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;October 31,&lt;/font&gt;&lt;/p&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;2016&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; padding: 0in; white-space: nowrap;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accounts payable&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12.02%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;444,749 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;373,224 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accrued severance costs&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12.02%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;352,928 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Payroll and related expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12.02%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;48,084 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;49,901 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accrued interest on secured debenture&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12.02%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;20,667 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 12%; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;-&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15pt;&quot;&gt;
&lt;td style=&quot;height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Accrued other&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12.02%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;60,260 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;45,631 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style=&quot;height: 15.75pt;&quot;&gt;
&lt;td style=&quot;height: 15.75pt; width: 70.04%; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 0%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; display: none; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;Total&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12.02%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;926,688 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;height: 15.75pt; width: 1.94%; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 0%; padding: 0in;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&amp;#160;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; margin: 0in 0in 0pt; line-height: normal;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style=&quot;border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; width: 12%;&quot; valign=&quot;bottom&quot;&gt;
&lt;p style=&quot;font-size: 11pt; font-family: &apos;Calibri&apos;,&apos;sans-serif&apos;; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;&quot;&gt;&lt;font style=&quot;font-size: 12pt; font-family: &apos;Times New Roman&apos;,&apos;serif&apos;; color: black;&quot;&gt;468,756 &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock>
  <us-gaap:AccountsPayableCurrent unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">444749</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccountsPayableCurrent unitRef="usd" contextRef="c1_AsOf31Oct2016" decimals="0">373224</us-gaap:AccountsPayableCurrent>
  <itus:AccruedSeveranceCostsCurrent unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">352928</itus:AccruedSeveranceCostsCurrent>
  <itus:AccruedSeveranceCostsCurrent unitRef="usd" contextRef="c1_AsOf31Oct2016" xs:nil="true"/>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">48084</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent unitRef="usd" contextRef="c1_AsOf31Oct2016" decimals="0">49901</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:InterestPayableCurrent unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">20667</us-gaap:InterestPayableCurrent>
  <us-gaap:InterestPayableCurrent unitRef="usd" contextRef="c1_AsOf31Oct2016" xs:nil="true"/>
  <us-gaap:OtherAccruedLiabilitiesCurrent unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">60260</us-gaap:OtherAccruedLiabilitiesCurrent>
  <us-gaap:OtherAccruedLiabilitiesCurrent unitRef="usd" contextRef="c1_AsOf31Oct2016" decimals="0">45631</us-gaap:OtherAccruedLiabilitiesCurrent>
  <itus:PatentAcquisitionObligationTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;div style=&quot;font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; font-size: 12pt; &quot;&gt;
&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;6.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;font style=&quot;text-decoration:underline&quot;&gt;PATENT ACQUISITION OBLIGATION&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;On March 27, 2017, the Company issued 947,606 shares of common stock to Meetrix Communications, Inc. (&amp;#8220;Meetrix&amp;#8221;) in satisfaction of the obligation owed by us to Meetrix pursuant to the terms of the Patent Acquisition Agreement, dated November 11, 2013 between the Company and Meetrix.&amp;#160; The carrying value of the patent acquisition obligation at the date of extinguishment was approximately $4,400,000.&amp;#160; The fair value of the shares of common stock issued to satisfy the obligation on the date of extinguishment was approximately $2,843,000, resulting in the recognition of a gain on the debt extinguishment of approximately $1,548,000.&lt;/p&gt;&lt;br/&gt;&lt;/div&gt;</itus:PatentAcquisitionObligationTextBlock>
  <us-gaap:StockIssuedDuringPeriodSharesAcquisitions unitRef="shares" contextRef="c92_From27Mar2017To27Mar2017_MeetrixMember" decimals="INF">947606</us-gaap:StockIssuedDuringPeriodSharesAcquisitions>
  <itus:PatentAcquisitionObligation unitRef="usd" contextRef="c93_AsOf27Mar2017_MeetrixMember" decimals="0">4400000</itus:PatentAcquisitionObligation>
  <us-gaap:StockIssuedDuringPeriodValueAcquisitions unitRef="usd" contextRef="c92_From27Mar2017To27Mar2017_MeetrixMember" decimals="0">2843000</us-gaap:StockIssuedDuringPeriodValueAcquisitions>
  <us-gaap:PreferredStockTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;div style=&quot;font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; font-size: 12pt; &quot;&gt;
&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0in&quot;&gt;7.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;font style=&quot;text-decoration:underline&quot;&gt;PREFERRED STOCK REDEMPTION&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;On November 11, 2016, the holder of all our outstanding Series A Preferred with an aggregate stated value of $3,500,000 exercised its right of redemption to receive such amount from proceeds from the sale of the Company&amp;#8217;s equity securities.&amp;#160; &lt;font style=&quot;COLOR:black&quot;&gt;On December 6, 2016, we entered into an agreement with the holder of the Series A Preferred setting forth the terms under which such redemption would take place (the &amp;#8220;Series A Redemption Terms&amp;#8221;). &amp;#160;Pursuant to the Series A Redemption Terms, on December 9, 2016 the holder of the Series A Preferred received (i) $500,000 in cash, (ii) a 12% secured debenture evidencing the remaining $3,000,000 amount to be redeemed, $1,000,000 of which was due on or before June 1, 2017 and the remainder of which is due November 11, 2017 (the &amp;#8220;Redemption Debenture&amp;#8221;), and (iii) a 5 year warrant to purchase 500,000 shares of the Company&amp;#8217;s common stock at an exercise price equal to 10% below the thirty (30) day volume weighted average closing price of our common stock at closing (the &amp;#8220;Redemption Warrant&amp;#8221;). The Redemption Debenture is secured by a lien on the Company&amp;#8217;s assets and prohibits the Company from incurring any senior indebtedness &lt;/font&gt;other than equipment financing in connection with the Company&amp;#8217;s business&lt;font style=&quot;COLOR:black&quot;&gt;.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;&lt;font style=&quot;COLOR:black&quot;&gt;The difference between the fair value of the consideration given to the holder of our Series A Preferred and the carrying value of the Series A Preferred represents a return to the preferred stockholder which is treated in a similar manner as that of dividends paid on preferred stock.&amp;#160; In the redemption, the Series A Preferred holder received $500,000 in cash, the Redemption Debenture with a present value of approximately $2,999,000 and the Redemption Warrant with a fair value of approximately $2,801,000, determined using the Black Scholes pricing model, and waived the Series A Preferred&amp;#8217;s conversion right with an intrinsic value of approximately $792,000, resulting in total consideration given to the Series A Preferred holder of approximately $5,508,000.&amp;#160; The difference between the fair value of the consideration and the $3,500,000 carrying value of the Series A Preferred resulted in a deemed dividend to the Series A Preferred holder of approximately $2,008,000.&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;/div&gt;</us-gaap:PreferredStockTextBlock>
  <us-gaap:PreferredStockRedemptionAmount unitRef="usd" contextRef="c94_AsOf11Nov2016" decimals="0">3500000</us-gaap:PreferredStockRedemptionAmount>
  <us-gaap:PreferredStockRedemptionTerms contextRef="c95_From6Dec2016To6Dec2016">Pursuant to the Series A Redemption Terms, on December 9, 2016 the holder of the Series A Preferred received (i) $500,000 in cash, (ii) a 12% secured debenture evidencing the remaining $3,000,000 amount to be redeemed, $1,000,000 of which was due on or before June 1, 2017 and the remainder of which is due November 11, 2017 (the &amp;#8220;Redemption Debenture&amp;#8221;), and (iii) a 5 year warrant to purchase 500,000 shares of the Company&amp;#8217;s common stock at an exercise price equal to 10% below the thirty (30) day volume weighted average closing price of our common stock at closing (the &amp;#8220;Redemption Warrant&amp;#8221;).</us-gaap:PreferredStockRedemptionTerms>
  <us-gaap:PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock unitRef="usd" contextRef="c96_From9Dec2016To9Dec2016" decimals="0">500000</us-gaap:PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock>
  <us-gaap:DebtInstrumentInterestRateStatedPercentage unitRef="pure" contextRef="c97_AsOf9Dec2016_SecuredDebtMember" decimals="2">0.12</us-gaap:DebtInstrumentInterestRateStatedPercentage>
  <us-gaap:SecuredDebt unitRef="usd" contextRef="c98_AsOf9Dec2016_RedemptionDebentureMember" decimals="0">3000000</us-gaap:SecuredDebt>
  <us-gaap:DebtInstrumentFaceAmount unitRef="usd" contextRef="c99_AsOf9Dec2016_DueOnOrBeforeJune12017Member" decimals="0">1000000</us-gaap:DebtInstrumentFaceAmount>
  <itus:WarrantTerm contextRef="c96_From9Dec2016To9Dec2016">P5Y</itus:WarrantTerm>
  <us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights unitRef="shares" contextRef="c100_AsOf9Dec2016" decimals="INF">500000</us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights>
  <itus:WarrantExercisePricePercentage unitRef="pure" contextRef="c96_From9Dec2016To9Dec2016" decimals="2">0.10</itus:WarrantExercisePricePercentage>
  <itus:RedemptionDebenturePresentValue unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">2999000</itus:RedemptionDebenturePresentValue>
  <us-gaap:WarrantsNotSettleableInCashFairValueDisclosure unitRef="usd" contextRef="c101_AsOf31Jul2017_RedemptionWarrantMember" decimals="0">2801000</us-gaap:WarrantsNotSettleableInCashFairValueDisclosure>
  <itus:PreferredStockConversionRightIntrinsicValue unitRef="usd" contextRef="c0_AsOf31Jul2017" decimals="0">792000</itus:PreferredStockConversionRightIntrinsicValue>
  <itus:PreferredHolderConsiderationTransferred unitRef="usd" contextRef="c8_From1Nov2016To31Jul2017" decimals="0">5508000</itus:PreferredHolderConsiderationTransferred>
  <us-gaap:RedeemablePreferredStockDividends unitRef="usd" contextRef="c8_From1Nov2016To31Jul2017" decimals="0">2008000</us-gaap:RedeemablePreferredStockDividends>
  <us-gaap:EarningsPerShareTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;div style=&quot;font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; font-size: 12pt; &quot;&gt;
&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0in&quot;&gt;8.&amp;#160;&amp;#160; &amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;font style=&quot;text-decoration:underline&quot;&gt;NET INCOME (LOSS) PER SHARE OF COMMON STOCK&lt;/font&gt; &lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;Basic net income (loss) per common share (&amp;#8220;Basic EPS&amp;#8221;) is computed by dividing net income (loss) by the weighted average number of common shares outstanding.&amp;#160; Diluted net income (loss) per common share (&amp;#8220;Diluted EPS&amp;#8221;) is computed by dividing net income (loss) by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding.&amp;#160; The treasury stock method reduces the dilutive effect of potentially dilutive securities as it assumes that any cash proceeds (from the issuance of potentially dilutive securities) are used to buy back shares at the average share price during the period.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;Diluted EPS for all periods presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive.&amp;#160; For this reason, excluded from the calculation of Diluted EPS for the nine and three months ended July 31, 2017 and 2016, were stock options to purchase 3,378,606 and 3,088,072 shares, respectively, and warrants to purchase 829,400 and 707,387 shares, respectively.&lt;/p&gt;&lt;br/&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c102_From1Nov2016To31Jul2017_EmployeeStockOptionMember" decimals="INF">3378606</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c103_From1May2017To31Jul2017_EmployeeStockOptionMember" decimals="INF">3378606</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c104_From1Nov2015To31Jul2016_EmployeeStockOptionMember" decimals="INF">3088072</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c105_From1May2016To31Jul2016_EmployeeStockOptionMember" decimals="INF">3088072</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c106_From1Nov2016To31Jul2017_WarrantMember" decimals="INF">829400</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c107_From1May2017To31Jul2017_WarrantMember" decimals="INF">829400</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c108_From1Nov2015To31Jul2016_WarrantMember" decimals="INF">707387</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount unitRef="shares" contextRef="c109_From1May2016To31Jul2016_WarrantMember" decimals="INF">707387</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock contextRef="c8_From1Nov2016To31Jul2017">&lt;div style=&quot;font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; font-size: 12pt; &quot;&gt;
&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0in&quot;&gt;9.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;font style=&quot;text-decoration:underline&quot;&gt;EFFECT OF RECENTLY ADOPTED AND ISSUED PRONOUNCEMENTS&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;In May 2014, the Financial Accounting Standards Board (&quot;FASB&quot;) issued Accounting Standards Update 2014-09 (&amp;#8220;ASU 2014-09&amp;#8221;), Revenue from Contracts with Customers.&amp;#160; 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;#160;This standard update was effective for&amp;#160;interim and annual&amp;#160;reporting periods beginning after December 15,&amp;#160;2016, and were to be applied retrospectively or the cumulative effect as of the date of adoption, with early application not permitted. &amp;#160;In July 2015, a one-year deferral of the effective date of the new guidance was approved.&amp;#160; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is currently ongoing.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;In August 2014, the FASB issued Accounting Standards Update 2014-15 (&amp;#8220;ASU 2014-15&amp;#8221;).&amp;#160; This amendment requires management to assess an entity&amp;#8217;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 ending after December 15, 2016 and are to be applied retrospectively or the cumulative effect as of the date of adoption.&amp;#160; The adoption of this amendment on November 1, 2016 did not have an impact on our consolidated financial statements&amp;#160;and related disclosures.&lt;/p&gt;&lt;br/&gt;&lt;p style=&quot;FONT-SIZE:12pt; FONT-FAMILY:&amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in&quot;&gt;In November 2015, the FASB issued Accounting Standards Update 2015-17 (&amp;#8220;ASU 2015-17&amp;#8221;) to simplify the presentation of deferred taxes. 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  <xs:element name="WarrantExercisePricePercentage" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_WarrantExercisePricePercentage"/>
  <xs:element name="RedemptionDebenturePresentValue" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="itus_RedemptionDebenturePresentValue"/>
  <xs:element name="PreferredStockConversionRightIntrinsicValue" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="itus_PreferredStockConversionRightIntrinsicValue"/>
  <xs:element name="PreferredHolderConsiderationTransferred" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="itus_PreferredHolderConsiderationTransferred"/>
  <xs:element name="NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsTable"/>
  <xs:element name="NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsLineItems"/>
  <xs:element name="COMMITMENTANDCONTINGENCESDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="itus_COMMITMENTANDCONTINGENCESDetailsTable"/>
  <xs:element name="COMMITMENTANDCONTINGENCESDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_COMMITMENTANDCONTINGENCESDetailsLineItems"/>
  <xs:element name="MinimumBidPrice" type="num:perShareItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item" id="itus_MinimumBidPrice"/>
  <xs:element name="SUBSEQUENTEVENTDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="itus_SUBSEQUENTEVENTDetailsTable"/>
  <xs:element name="SUBSEQUENTEVENTDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_SUBSEQUENTEVENTDetailsLineItems"/>
  <xs:element name="A2003SharePlanMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_A2003SharePlanMember"/>
  <xs:element name="A2010SharePlanMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_A2010SharePlanMember"/>
  <xs:element name="ConsultantMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_ConsultantMember"/>
  <xs:element name="DueOnOrBeforeJune12017Member" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_DueOnOrBeforeJune12017Member"/>
  <xs:element name="MeetrixMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_MeetrixMember"/>
  <xs:element name="PatentAcquisitionObligationMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_PatentAcquisitionObligationMember"/>
  <xs:element name="RangeOfExercisePrices082To096Member" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RangeOfExercisePrices082To096Member"/>
  <xs:element name="RangeOfExercisePrices1350To1750Member" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RangeOfExercisePrices1350To1750Member"/>
  <xs:element name="RangeOfExercisePrices179To775Member" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RangeOfExercisePrices179To775Member"/>
  <xs:element name="RangeOfExercisePrices1875To2300Member" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RangeOfExercisePrices1875To2300Member"/>
  <xs:element name="RangeOfExercisePrices258To556Member" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RangeOfExercisePrices258To556Member"/>
  <xs:element name="RangeOfExercisePrices258To925Member" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RangeOfExercisePrices258To925Member"/>
  <xs:element name="RangeOfExercisePrices2925Member" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RangeOfExercisePrices2925Member"/>
  <xs:element name="RedemptionDebentureMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RedemptionDebentureMember"/>
  <xs:element name="RedemptionWarrantMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_RedemptionWarrantMember"/>
  <xs:element name="StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember"/>
  <xs:element name="DocumentAndEntityInformationAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="itus_DocumentAndEntityInformationAbstract"/>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>8
<FILENAME>itus-20170731_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by iC(tm) - CompSci Interactive Converter - http://www.compsciresources.com -->
<!-- Created: Fri Sep 08 12:11:34 EDT 2017 -->
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  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_ConsolidatedIncomeStatement" roleURI="http://www.ITUScorp.com/role/ConsolidatedIncomeStatement"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_ConsolidatedCashFlow" roleURI="http://www.ITUScorp.com/role/ConsolidatedCashFlow"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_AccountspayableandaccruedexpenseTable" roleURI="http://www.ITUScorp.com/role/AccountspayableandaccruedexpenseTable"/>
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    <loc xlink:type="locator" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
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    <loc xlink:type="locator" xlink:label="us-gaap_AccountsReceivableNetCurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsReceivableNetCurrent"/>
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    <loc xlink:type="locator" xlink:label="us-gaap_SecuredDebtCurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SecuredDebtCurrent"/>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>9
<FILENAME>itus-20170731_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by iC(tm) - CompSci Interactive Converter - http://www.compsciresources.com -->
<!-- Created: Fri Sep 08 12:11:34 EDT 2017 -->
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>10
<FILENAME>itus-20170731_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by iC(tm) - CompSci Interactive Converter - http://www.compsciresources.com -->
<!-- Created: Fri Sep 08 12:11:34 EDT 2017 -->
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    <loc xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xml:lang="en-US">Patents, accumulated amortization (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property and equipment, net of accumulated depreciation of $79,046 and $46,950, respectively</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xml:lang="en-US">Property and equipment, accumulated depreciation (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_Assets" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">Total assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Accounts payable and accrued expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl0" xml:lang="en-US">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SecuredDebtCurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SecuredDebtCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuredDebtCurrent_lbl" xml:lang="en-US">Secured debenture (Note 7)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebtCurrent" xlink:to="us-gaap_SecuredDebtCurrent_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_LiabilitiesCurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US">Total current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_PatentAcquisitionObligation" xlink:href="itus-20170731.xsd#itus_PatentAcquisitionObligation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_PatentAcquisitionObligation_lbl" xml:lang="en-US">Patent acquisition obligation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PatentAcquisitionObligation" xlink:to="itus_PatentAcquisitionObligation_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_PatentAcquisitionObligation_lbl0" xml:lang="en-US">Patent Acquisition Obligation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PatentAcquisitionObligation" xlink:to="itus_PatentAcquisitionObligation_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_Liabilities" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Liabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US">Total liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommitmentsAndContingencies" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingencies"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US">Commitments and contingencies (Note 11)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockValue" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_EquityInterestIssuedOrIssuableByTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityInterestIssuedOrIssuableByTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityInterestIssuedOrIssuableByTypeAxis_lbl" xml:lang="en-US">Equity Interest Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityInterestIssuedOrIssuableByTypeAxis" xlink:to="us-gaap_EquityInterestIssuedOrIssuableByTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockMember_lbl" xml:lang="en-US">Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="us-gaap_PreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Preferred stock par value (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockSharesAuthorized" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesAuthorized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US">Preferred stock, shares authorized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockSharesIssued" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US">Preferred stock, shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockSharesOutstanding" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xml:lang="en-US">Preferred stock, shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesOutstanding" xlink:to="us-gaap_PreferredStockSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementClassOfStockAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US">Class of Stock [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SeriesAPreferredStockMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SeriesAPreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xml:lang="en-US">Series A Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesAPreferredStockMember" xlink:to="us-gaap_SeriesAPreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommonStockValue" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common stock, par value $.01 per share; 24,000,000 shares authorized;15,120,239 and 8,752,387 shares issued and outstanding, respectively</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Common stock par value (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommonStockSharesAuthorized" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US">Common stock, shares authorized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommonStockSharesIssued" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common stock, shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommonStockSharesOutstanding" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common stock, shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AdditionalPaidInCapital" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapital"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US">Additional paid-in capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="us-gaap_AdditionalPaidInCapital_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Accumulated deficit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockholdersEquity" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Total shareholders&#8217; equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_lbl0" xml:lang="en-US">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_lbl1" xml:lang="en-US">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl1"/>
    <loc xlink:type="locator" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US">Total liabilities and shareholders&#8217; equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncomeStatementAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US">Income Statement [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_Revenues" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Revenues"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Revenues_lbl" xml:lang="en-US">Revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_LitigationAndLicensingExpenses" xlink:href="itus-20170731.xsd#itus_LitigationAndLicensingExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_LitigationAndLicensingExpenses_lbl" xml:lang="en-US">Litigation and licensing expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_LitigationAndLicensingExpenses" xlink:to="itus_LitigationAndLicensingExpenses_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_RoyaltyExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RoyaltyExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RoyaltyExpense_lbl" xml:lang="en-US">Inventor royalties and contingent legal fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RoyaltyExpense" xlink:to="us-gaap_RoyaltyExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AmortizationOfIntangibleAssets" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xml:lang="en-US">Amortization of patents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfIntangibleAssets" xlink:to="us-gaap_AmortizationOfIntangibleAssets_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl0" xml:lang="en-US">Amortization of Intangible Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfIntangibleAssets" xlink:to="us-gaap_AmortizationOfIntangibleAssets_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ResearchAndDevelopmentExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ResearchAndDevelopmentExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResearchAndDevelopmentExpense_lbl" xml:lang="en-US">Research and development expenses (including non-cash stock option compensation expenses of $64,705, $84,316,$213,333 and $171,241, respectively)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResearchAndDevelopmentExpense" xlink:to="us-gaap_ResearchAndDevelopmentExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncomeStatementLocationAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xml:lang="en-US">Income Statement Location [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ResearchAndDevelopmentExpenseMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ResearchAndDevelopmentExpenseMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResearchAndDevelopmentExpenseMember_lbl" xml:lang="en-US">Research and Development Expense [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResearchAndDevelopmentExpenseMember" xlink:to="us-gaap_ResearchAndDevelopmentExpenseMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xml:lang="en-US">Non-cash Stock Option Compensation Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="us-gaap_AllocatedShareBasedCompensationExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Marketing, general and administrative expenses (including non-cash stock option compensation expenses of $416,411, $156,125, $719,440 and $398,949 respectively)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SellingGeneralAndAdministrativeExpense" xlink:to="us-gaap_SellingGeneralAndAdministrativeExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SellingAndMarketingExpenseMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SellingAndMarketingExpenseMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SellingAndMarketingExpenseMember_lbl" xml:lang="en-US">Selling and Marketing Expense [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SellingAndMarketingExpenseMember" xlink:to="us-gaap_SellingAndMarketingExpenseMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CostsAndExpenses" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostsAndExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CostsAndExpenses_lbl" xml:lang="en-US">Total operating costs and expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpenses" xlink:to="us-gaap_CostsAndExpenses_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_OperatingIncomeLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US">Loss from operations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xml:lang="en-US">Gain on extinguishment of patent acquisition obligation (Note 6)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:to="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl0" xml:lang="en-US">Gain on extinguishment of patent acquisition obligation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:to="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl1" xml:lang="en-US">Gain (Loss) on Extinguishment of Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:to="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl1"/>
    <loc xlink:type="locator" xlink:label="us-gaap_InterestExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US">Interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_InvestmentIncomeInterest" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xml:lang="en-US">Interest income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US">Loss before income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncomeTaxExpenseBenefit" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Provision for income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ProfitLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US">Net loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfitLoss_lbl0" xml:lang="en-US">Net loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DividendsPreferredStock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DividendsPreferredStock_lbl" xml:lang="en-US">Deemed dividend to preferred stockholder (Note 7)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_NetIncomeLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net loss attributable to common stockholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xml:lang="en-US">Basic and diluted (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="us-gaap_EarningsPerShareBasicAndDiluted_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Basic and diluted (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:to="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US">Statement of Stockholders&apos; Equity [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SharesIssued" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharesIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_SharesIssued_lbl" xml:lang="en-US">Balance (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssued" xlink:to="us-gaap_SharesIssued_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_SharesIssued_lbl0" xml:lang="en-US">Balance (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssued" xlink:to="us-gaap_SharesIssued_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition_lbl" xml:lang="en-US">Stock option compensation to employees and directors</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xml:lang="en-US">Common stock issued upon exercise of stock options</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xml:lang="en-US">Common stock issued upon exercise of stock options (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl0" xml:lang="en-US">Exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl1" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl1"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodValueIssuedForServices" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueIssuedForServices"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueIssuedForServices_lbl" xml:lang="en-US">Common stock issued to consultants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueIssuedForServices" xlink:to="us-gaap_StockIssuedDuringPeriodValueIssuedForServices_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesIssuedForServices"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_lbl" xml:lang="en-US">Common stock issued to consultants (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" xlink:to="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_lbl0" xml:lang="en-US">Stock Issued During Period, Shares, Issued for Services (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" xlink:to="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xml:lang="en-US">Redemption of convertible preferred stock (Note 7)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xml:lang="en-US">Redemption of convertible preferred stock (Note 7) (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue" xlink:href="itus-20170731.xsd#itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue_lbl" xml:lang="en-US">Common stock issued to repay patent acquisition obligation (Note 6)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue" xlink:to="itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares" xlink:href="itus-20170731.xsd#itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares_lbl" xml:lang="en-US">Common stock issued to repay patent acquisition obligation (Note 6) (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares" xlink:to="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_StockIssuedDuringPeriodValueRightsOffering" xlink:href="itus-20170731.xsd#itus_StockIssuedDuringPeriodValueRightsOffering"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_StockIssuedDuringPeriodValueRightsOffering_lbl" xml:lang="en-US">Common stock issued in shareholder rights offering</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_StockIssuedDuringPeriodValueRightsOffering" xlink:to="itus_StockIssuedDuringPeriodValueRightsOffering_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_StockIssuedDuringPeriodSharesRightsOffering" xlink:href="itus-20170731.xsd#itus_StockIssuedDuringPeriodSharesRightsOffering"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_StockIssuedDuringPeriodSharesRightsOffering_lbl" xml:lang="en-US">Common stock issued in shareholder rights offering (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_StockIssuedDuringPeriodSharesRightsOffering" xlink:to="itus_StockIssuedDuringPeriodSharesRightsOffering_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US">Common stock issued in public offering</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US">Common stock issued in public offering (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StatementEquityComponentsAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xml:lang="en-US">Equity Components [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommonStockMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AdditionalPaidInCapitalMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US">Additional Paid-in Capital [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_RetainedEarningsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US">Retained Earnings [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StatementOfCashFlowsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Statement of Cash Flows [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockOptionPlanExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockOptionPlanExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockOptionPlanExpense_lbl" xml:lang="en-US">Stock option compensation to employees and directors</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockOptionPlanExpense" xlink:to="us-gaap_StockOptionPlanExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims_lbl" xml:lang="en-US">Common stock issued to consultants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims" xlink:to="us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DepreciationAndAmortization" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationAndAmortization"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US">Depreciation of property and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense" xlink:href="itus-20170731.xsd#itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense_lbl" xml:lang="en-US">Accretion of interest on patent acquisition obligations to interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense" xlink:to="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PaidInKindInterest" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaidInKindInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PaidInKindInterest_lbl" xml:lang="en-US">Accrued interest on secured debenture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaidInKindInterest" xlink:to="us-gaap_PaidInKindInterest_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_CommonStockIssuedToAcquirePatentLicense" xlink:href="itus-20170731.xsd#itus_CommonStockIssuedToAcquirePatentLicense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_CommonStockIssuedToAcquirePatentLicense_lbl" xml:lang="en-US">Common stock issued to acquire patent license</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_CommonStockIssuedToAcquirePatentLicense" xlink:to="itus_CommonStockIssuedToAcquirePatentLicense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US">Accounts receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xml:lang="en-US">Prepaid expenses and other current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xml:lang="en-US">Accounts payable and accrued expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable" xlink:href="itus-20170731.xsd#itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable_lbl" xml:lang="en-US">Royalties and contingent legal fees payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable" xlink:to="itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash used in operating activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl0" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireShortTermInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireShortTermInvestments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireShortTermInvestments_lbl" xml:lang="en-US">Disbursements to acquire short-term investments in certificates of deposit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireShortTermInvestments" xlink:to="us-gaap_PaymentsToAcquireShortTermInvestments_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireShortTermInvestments_lbl0" xml:lang="en-US">Payments to Acquire Short-term Investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireShortTermInvestments" xlink:to="us-gaap_PaymentsToAcquireShortTermInvestments_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfShortTermInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfShortTermInvestments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfShortTermInvestments_lbl" xml:lang="en-US">Proceeds from maturities of short-term investments in certificates of deposit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfShortTermInvestments" xlink:to="us-gaap_ProceedsFromSaleOfShortTermInvestments_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfShortTermInvestments_lbl0" xml:lang="en-US">Proceeds from Sale of Short-term Investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfShortTermInvestments" xlink:to="us-gaap_ProceedsFromSaleOfShortTermInvestments_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US">Purchase of property and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl0" xml:lang="en-US">Payments to Acquire Property, Plant, and Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash (used in) provided by investing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl0" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock_lbl" xml:lang="en-US">Redemption of convertible preferred stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock" xlink:to="us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock_lbl0" xml:lang="en-US">Payments for Repurchase of Convertible Preferred Stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock" xlink:to="us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock_lbl0"/>
    <loc xlink:type="locator" xlink:label="itus_PaymentsMadeOnSecuredDebenture" xlink:href="itus-20170731.xsd#itus_PaymentsMadeOnSecuredDebenture"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="itus_PaymentsMadeOnSecuredDebenture_lbl" xml:lang="en-US">Payments made on secured debenture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PaymentsMadeOnSecuredDebenture" xlink:to="itus_PaymentsMadeOnSecuredDebenture_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_PaymentsMadeOnSecuredDebenture_lbl0" xml:lang="en-US">Payments Made On Secured Debenture</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_ProceedsFromIssuanceOfRightsOffering_lbl" xml:lang="en-US">Proceeds from sale of common stock through a rights offering to shareholders</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceInitialPublicOffering_lbl" xml:lang="en-US">Proceeds from sale of common stock through a public offering</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromStockOptionsExercised_lbl" xml:lang="en-US">Proceeds from exercise of employee stock options</label>
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    <loc xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
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    <loc xlink:type="locator" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US">Net decrease in cash and cash equivalents</label>
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    <loc xlink:type="locator" xlink:label="us-gaap_ConversionOfStockAmountConverted1" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConversionOfStockAmountConverted1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ConversionOfStockAmountConverted1_lbl" xml:lang="en-US">Redemption of Series A convertible preferred stock into secured debenture (Note 7)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConversionOfStockAmountConverted1" xlink:to="us-gaap_ConversionOfStockAmountConverted1_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssued1" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssued1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockIssued1_lbl" xml:lang="en-US">Common stock issued to pay patent acquisition obligation (Note 6)</label>
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    <loc xlink:type="locator" xlink:label="us-gaap_AccountingPoliciesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US">Accounting Policies [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xml:lang="en-US">Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PlanNameAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PlanNameAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PlanNameAxis_lbl" xml:lang="en-US">Plan Name [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_A2003SharePlanMember" xlink:href="itus-20170731.xsd#itus_A2003SharePlanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_A2003SharePlanMember_lbl" xml:lang="en-US">2003 Share Plan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_A2003SharePlanMember" xlink:to="itus_A2003SharePlanMember_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_InformationRegardingThe2003SharePlanAbstract" xlink:href="itus-20170731.xsd#itus_InformationRegardingThe2003SharePlanAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_InformationRegardingThe2003SharePlanAbstract_lbl" xml:lang="en-US">Information regarding the 2003 Share Plan [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_InformationRegardingThe2003SharePlanAbstract" xlink:to="itus_InformationRegardingThe2003SharePlanAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xml:lang="en-US">Options Outstanding at October 31, 2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl0" xml:lang="en-US">Options Outstanding at July 31, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl1" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl1"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Outstanding at October 31, 2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl0" xml:lang="en-US">Options Outstanding at July 31, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl1" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl1"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xml:lang="en-US">Exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl" xml:lang="en-US">Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl0" xml:lang="en-US">Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl0"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_lbl" xml:lang="en-US">Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_lbl0" xml:lang="en-US">Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_lbl0"/>
    <loc xlink:type="locator" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber" xlink:href="itus-20170731.xsd#itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber_lbl" xml:lang="en-US">Options Outstanding and exercisable at July 31, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice" xlink:href="itus-20170731.xsd#itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Outstanding and exercisable at July 31, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue" xlink:href="itus-20170731.xsd#itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue_lbl" xml:lang="en-US">Options Outstanding and exercisable at July 31, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_StockOptionsOutstandingAndExercisableUnder2003SharePlanAbstract" xlink:href="itus-20170731.xsd#itus_StockOptionsOutstandingAndExercisableUnder2003SharePlanAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_StockOptionsOutstandingAndExercisableUnder2003SharePlanAbstract_lbl" xml:lang="en-US">Stock options outstanding and exercisable under 2003 share plan [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_StockOptionsOutstandingAndExercisableUnder2003SharePlanAbstract" xlink:to="itus_StockOptionsOutstandingAndExercisableUnder2003SharePlanAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_lbl" xml:lang="en-US">Exercise Price Range [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_RangeOfExercisePrices179To775Member" xlink:href="itus-20170731.xsd#itus_RangeOfExercisePrices179To775Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_RangeOfExercisePrices179To775Member_lbl" xml:lang="en-US">Range Of Exercise Prices $1.79 To $7.75 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices179To775Member" xlink:to="itus_RangeOfExercisePrices179To775Member_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable" xlink:href="itus-20170731.xsd#itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable"/>
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    <loc xlink:type="locator" xlink:label="itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice" xlink:href="itus-20170731.xsd#itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Outstanding and Exercisable, Weighted Average Exercise Price (in Dollars per share)</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice" xlink:to="itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice_lbl0"/>
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    <loc xlink:type="locator" xlink:label="itus_RangeOfExercisePrices1875To2300Member" xlink:href="itus-20170731.xsd#itus_RangeOfExercisePrices1875To2300Member"/>
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    <loc xlink:type="locator" xlink:label="itus_RangeOfExercisePrices2925Member" xlink:href="itus-20170731.xsd#itus_RangeOfExercisePrices2925Member"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_A2010SharePlanMember_lbl" xml:lang="en-US">2010 Share Plan [Member]</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_InformationRegardingThe2010SharePlanAbstract" xlink:to="itus_InformationRegardingThe2010SharePlanAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl0"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xml:lang="en-US">Granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl0" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl0"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xml:lang="en-US">Options Outstanding at July 31, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xml:lang="en-US">Options Exercisable at July 31, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Exercisable at July 31, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_StockOptionsOutstandingUnder2010SharePlanAbstract_lbl" xml:lang="en-US">Stock options outstanding under 2010 Share Plan [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_StockOptionsOutstandingUnder2010SharePlanAbstract" xlink:to="itus_StockOptionsOutstandingUnder2010SharePlanAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_RangeOfExercisePrices082To096Member" xlink:href="itus-20170731.xsd#itus_RangeOfExercisePrices082To096Member"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices082To096Member" xlink:to="itus_RangeOfExercisePrices082To096Member_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2_lbl" xml:lang="en-US">Options Outstanding,Weighted Average Remaining Contractual Life</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2" xlink:to="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_lbl" xml:lang="en-US">Options Outstanding, Weighted Average Exercise Price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1" xlink:to="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions_lbl" xml:lang="en-US">Options Exercisable, Number</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2_lbl" xml:lang="en-US">Options Exercisable,Weighted Average Remaining Contractual Life</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2" xlink:to="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_lbl" xml:lang="en-US">Options Exercisable, Weighted Average Exercise Price</label>
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    <loc xlink:type="locator" xlink:label="itus_RangeOfExercisePrices258To925Member" xlink:href="itus-20170731.xsd#itus_RangeOfExercisePrices258To925Member"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices258To925Member" xlink:to="itus_RangeOfExercisePrices258To925Member_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" xlink:href="itus-20170731.xsd#itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_InformationRegardingStockOptionsGrantedNotUnder2003SharePlanAnd2010SharePlanAbstract_lbl" xml:lang="en-US">Information regarding Stock options granted not under 2003 Share Plan and 2010 Share Plan [Abstract]</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SubsequentEventsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xml:lang="en-US">Subsequent Events [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AssetsCurrentAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrentAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrentAbstract_lbl" xml:lang="en-US">Current assets:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="us-gaap_AssetsCurrentAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">LIABILITIES AND SHAREHOLDERS&apos; EQUITY</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_LiabilitiesCurrentAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrentAbstract_lbl" xml:lang="en-US">Current liabilities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockholdersEquityAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US">Shareholders&#8217; equity:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_OperatingCostsAndExpensesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingCostsAndExpensesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingCostsAndExpensesAbstract_lbl" xml:lang="en-US">Operating costs and expenses:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingCostsAndExpensesAbstract" xlink:to="us-gaap_OperatingCostsAndExpensesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xml:lang="en-US">Weighted average common shares outstanding:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Reconciliation of net loss to net cash used in operating activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US">Change in operating assets and liabilities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from investing activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from financing activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xml:lang="en-US">Supplemental disclosure of non-cash financing activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_lbl" xml:lang="en-US">Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:to="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US">Disclosure of Compensation Related Costs, Share-based Payments [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_lbl" xml:lang="en-US">Share-based Compensation, Stock Options, Activity [Table Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:to="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock_lbl" xml:lang="en-US">Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" xlink:to="us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_FairValueDisclosuresTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xml:lang="en-US">Fair Value Disclosures [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresTextBlock" xlink:to="us-gaap_FairValueDisclosuresTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock_lbl" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis [Table Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_lbl" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock" xlink:to="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_lbl" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:to="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="invest_InvestmentTextBlock" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentTextBlock_lbl" xml:lang="en-US">Investment [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentTextBlock" xlink:to="invest_InvestmentTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_lbl" xml:lang="en-US">Accounts Payable and Accrued Liabilities Disclosure [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_lbl" xml:lang="en-US">Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:to="us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_PatentAcquisitionObligationTextBlock" xlink:href="itus-20170731.xsd#itus_PatentAcquisitionObligationTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_PatentAcquisitionObligationTextBlock_lbl" xml:lang="en-US">Patent Acquisition Obligation [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PatentAcquisitionObligationTextBlock" xlink:to="itus_PatentAcquisitionObligationTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockTextBlock_lbl" xml:lang="en-US">Preferred Stock [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockTextBlock" xlink:to="us-gaap_PreferredStockTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_EarningsPerShareTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xml:lang="en-US">Earnings Per Share [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="us-gaap_EarningsPerShareTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_lbl" xml:lang="en-US">New Accounting Pronouncements and Changes in Accounting Principles [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US">Income Tax Disclosure [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US">Commitments and Contingencies Disclosure [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SubsequentEventsTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xml:lang="en-US">Subsequent Events [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsTextBlock" xlink:to="us-gaap_SubsequentEventsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AwardTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AwardTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AwardTypeAxis_lbl" xml:lang="en-US">Award Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardTypeAxis" xlink:to="us-gaap_AwardTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_EmployeeStockOptionMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeStockOptionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeStockOptionMember_lbl" xml:lang="en-US">Employee Stock Option [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeStockOptionMember" xlink:to="us-gaap_EmployeeStockOptionMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_RangeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeAxis_lbl" xml:lang="en-US">Range [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_MinimumMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinimumMember_lbl" xml:lang="en-US">Minimum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="us-gaap_MinimumMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_MaximumMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaximumMember_lbl" xml:lang="en-US">Maximum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US">Related Party [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_ConsultantMember" xlink:href="itus-20170731.xsd#itus_ConsultantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_ConsultantMember_lbl" xml:lang="en-US">Consultant [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ConsultantMember" xlink:to="itus_ConsultantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_MeetrixMember" xlink:href="itus-20170731.xsd#itus_MeetrixMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_MeetrixMember_lbl" xml:lang="en-US">Meetrix [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_MeetrixMember" xlink:to="itus_MeetrixMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xml:lang="en-US">Long-term Debt, Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SecuredDebtMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SecuredDebtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuredDebtMember_lbl" xml:lang="en-US">Secured Debt [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebtMember" xlink:to="us-gaap_SecuredDebtMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DebtInstrumentAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xml:lang="en-US">Debt Instrument [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_RedemptionDebentureMember" xlink:href="itus-20170731.xsd#itus_RedemptionDebentureMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_RedemptionDebentureMember_lbl" xml:lang="en-US">Redemption Debenture [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RedemptionDebentureMember" xlink:to="itus_RedemptionDebentureMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis_lbl" xml:lang="en-US">Debt Instrument, Redemption, Period [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_DueOnOrBeforeJune12017Member" xlink:href="itus-20170731.xsd#itus_DueOnOrBeforeJune12017Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_DueOnOrBeforeJune12017Member_lbl" xml:lang="en-US">Due On Or Before June 1 2017 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_DueOnOrBeforeJune12017Member" xlink:to="itus_DueOnOrBeforeJune12017Member_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ClassOfWarrantOrRightAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassOfWarrantOrRightAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfWarrantOrRightAxis_lbl" xml:lang="en-US">Class of Warrant or Right [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfWarrantOrRightAxis" xlink:to="us-gaap_ClassOfWarrantOrRightAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_RedemptionWarrantMember" xlink:href="itus-20170731.xsd#itus_RedemptionWarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="itus_RedemptionWarrantMember_lbl" xml:lang="en-US">Redemption Warrant [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RedemptionWarrantMember" xlink:to="itus_RedemptionWarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_lbl" xml:lang="en-US">Antidilutive Securities [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_WarrantMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WarrantMember_lbl" xml:lang="en-US">Warrant [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WarrantMember" xlink:to="us-gaap_WarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SubsequentEventTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xml:lang="en-US">Subsequent Event Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SubsequentEventMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US">Subsequent Event [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CashPeriodIncreaseDecrease" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashPeriodIncreaseDecrease"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashPeriodIncreaseDecrease_lbl" xml:lang="en-US">Cash, Period Increase (Decrease)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashPeriodIncreaseDecrease" xlink:to="us-gaap_CashPeriodIncreaseDecrease_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CashCashEquivalentsAndShortTermInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashCashEquivalentsAndShortTermInvestments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashCashEquivalentsAndShortTermInvestments_lbl" xml:lang="en-US">Cash, Cash Equivalents, and Short-term Investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsAndShortTermInvestments" xlink:to="us-gaap_CashCashEquivalentsAndShortTermInvestments_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensation" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Share-based Compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award Accelerated Compensation Cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_ConsultationExpense" xlink:href="itus-20170731.xsd#itus_ConsultationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_ConsultationExpense_lbl" xml:lang="en-US">Consultation Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ConsultationExpense" xlink:to="itus_ConsultationExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CertificatesOfDepositAtCarryingValue" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CertificatesOfDepositAtCarryingValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CertificatesOfDepositAtCarryingValue_lbl" xml:lang="en-US">Certificates of Deposit, at Carrying Value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CertificatesOfDepositAtCarryingValue" xlink:to="us-gaap_CertificatesOfDepositAtCarryingValue_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesAcquisitions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl" xml:lang="en-US">Stock Issued During Period, Shares, Acquisitions (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:to="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueAcquisitions_lbl" xml:lang="en-US">Stock Issued During Period, Value, Acquisitions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:to="us-gaap_StockIssuedDuringPeriodValueAcquisitions_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockRedemptionAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockRedemptionAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockRedemptionAmount_lbl" xml:lang="en-US">Preferred Stock, Redemption Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockRedemptionAmount" xlink:to="us-gaap_PreferredStockRedemptionAmount_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PreferredStockRedemptionTerms" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockRedemptionTerms"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockRedemptionTerms_lbl" xml:lang="en-US">Preferred Stock, Redemption Terms</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockRedemptionTerms" xlink:to="us-gaap_PreferredStockRedemptionTerms_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock_lbl" xml:lang="en-US">Payments for Repurchase of Redeemable Convertible Preferred Stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock" xlink:to="us-gaap_PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SecuredDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SecuredDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuredDebt_lbl" xml:lang="en-US">Secured Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebt" xlink:to="us-gaap_SecuredDebt_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DebtInstrumentFaceAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US">Debt Instrument, Face Amount</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_WarrantTerm_lbl" xml:lang="en-US">Warrant Term</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_WarrantExercisePricePercentage_lbl" xml:lang="en-US">Warrant Exercise Price Percentage</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_MinimumBidPrice_lbl" xml:lang="en-US">Minimum Bid Price</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US">Class of Stock [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xml:lang="en-US">Income Statement Location [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityComponentDomain_lbl" xml:lang="en-US">Equity Component [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_EquityComponentDomain_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PlanNameDomain_lbl" xml:lang="en-US">Plan Name [Domain]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_STOCKBASEDCOMPENSATIONTablesTable_lbl" xml:lang="en-US">STOCK BASED COMPENSATION (Tables) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_STOCKBASEDCOMPENSATIONTablesTable" xlink:to="itus_STOCKBASEDCOMPENSATIONTablesTable_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_STOCKBASEDCOMPENSATIONTablesLineItems_lbl" xml:lang="en-US">STOCK BASED COMPENSATION (Tables) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_STOCKBASEDCOMPENSATIONTablesLineItems" xlink:to="itus_STOCKBASEDCOMPENSATIONTablesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanTable" xlink:href="itus-20170731.xsd#itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanTable_lbl" xml:lang="en-US">STOCK BASED COMPENSATION (Details) - Information regarding the 2003 Share Plan [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanTable" xlink:to="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanTable_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanLineItems" xlink:href="itus-20170731.xsd#itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanLineItems_lbl" xml:lang="en-US">STOCK BASED COMPENSATION (Details) - Information regarding the 2003 Share Plan [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanLineItems" xlink:to="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanLineItems_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2010SharePlanTable_lbl" xml:lang="en-US">STOCK BASED COMPENSATION (Details) - Information regarding the 2010 Share Plan [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2010SharePlanTable" xlink:to="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2010SharePlanTable_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingStockoptionsgrantednotunder2003SharePlanand2010SharePlanLineItems_lbl" xml:lang="en-US">STOCK BASED COMPENSATION (Details) - Information regarding Stock options granted not under 2003 Share Plan and 2010 Share Plan [Line Items]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xml:lang="en-US">Fair Value Hierarchy [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueTable" xlink:to="itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueTable_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems" xlink:href="itus-20170731.xsd#itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems_lbl" xml:lang="en-US">FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial liabilities measured at fair value [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems" xlink:to="itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xml:lang="en-US">Equity Award [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_RelatedPartyDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyDomain_lbl" xml:lang="en-US">Related Party [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_RangeMember" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeMember_lbl" xml:lang="en-US">Range [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_RangeMember_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsTable" xlink:href="itus-20170731.xsd#itus_STOCKBASEDCOMPENSATIONDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsTable_lbl" xml:lang="en-US">STOCK BASED COMPENSATION (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_STOCKBASEDCOMPENSATIONDetailsTable" xlink:to="itus_STOCKBASEDCOMPENSATIONDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsLineItems" xlink:href="itus-20170731.xsd#itus_STOCKBASEDCOMPENSATIONDetailsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_STOCKBASEDCOMPENSATIONDetailsLineItems_lbl" xml:lang="en-US">STOCK BASED COMPENSATION (Details) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_STOCKBASEDCOMPENSATIONDetailsLineItems" xlink:to="itus_STOCKBASEDCOMPENSATIONDetailsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_PATENTACQUISITIONOBLIGATIONDetailsTable" xlink:href="itus-20170731.xsd#itus_PATENTACQUISITIONOBLIGATIONDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_PATENTACQUISITIONOBLIGATIONDetailsTable_lbl" xml:lang="en-US">PATENT ACQUISITION OBLIGATION (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PATENTACQUISITIONOBLIGATIONDetailsTable" xlink:to="itus_PATENTACQUISITIONOBLIGATIONDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_PATENTACQUISITIONOBLIGATIONDetailsLineItems" xlink:href="itus-20170731.xsd#itus_PATENTACQUISITIONOBLIGATIONDetailsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_PATENTACQUISITIONOBLIGATIONDetailsLineItems_lbl" xml:lang="en-US">PATENT ACQUISITION OBLIGATION (Details) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PATENTACQUISITIONOBLIGATIONDetailsLineItems" xlink:to="itus_PATENTACQUISITIONOBLIGATIONDetailsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xml:lang="en-US">Long-term Debt, Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="us-gaap_LongtermDebtTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DebtInstrumentNameDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xml:lang="en-US">Debt Instrument, Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_DebtInstrumentNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_ClassOfWarrantOrRightDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassOfWarrantOrRightDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfWarrantOrRightDomain_lbl" xml:lang="en-US">Class of Warrant or Right [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfWarrantOrRightDomain" xlink:to="us-gaap_ClassOfWarrantOrRightDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain_lbl" xml:lang="en-US">Debt Instrument, Redemption, Period [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_PREFERREDSTOCKREDEMPTIONDetailsTable" xlink:href="itus-20170731.xsd#itus_PREFERREDSTOCKREDEMPTIONDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_PREFERREDSTOCKREDEMPTIONDetailsTable_lbl" xml:lang="en-US">PREFERRED STOCK REDEMPTION (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PREFERREDSTOCKREDEMPTIONDetailsTable" xlink:to="itus_PREFERREDSTOCKREDEMPTIONDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems" xlink:href="itus-20170731.xsd#itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems_lbl" xml:lang="en-US">PREFERRED STOCK REDEMPTION (Details) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems" xlink:to="itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AntidilutiveSecuritiesNameDomain_lbl" xml:lang="en-US">Antidilutive Securities, Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:to="us-gaap_AntidilutiveSecuritiesNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsTable" xlink:href="itus-20170731.xsd#itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsTable_lbl" xml:lang="en-US">NET INCOME (LOSS) PER SHARE OF COMMON STOCK (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsTable" xlink:to="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsLineItems" xlink:href="itus-20170731.xsd#itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsLineItems_lbl" xml:lang="en-US">NET INCOME (LOSS) PER SHARE OF COMMON STOCK (Details) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsLineItems" xlink:to="itus_NETINCOMELOSSPERSHAREOFCOMMONSTOCKDetailsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_SubsequentEventTypeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xml:lang="en-US">Subsequent Event Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeDomain" xlink:to="us-gaap_SubsequentEventTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_COMMITMENTANDCONTINGENCESDetailsTable" xlink:href="itus-20170731.xsd#itus_COMMITMENTANDCONTINGENCESDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_COMMITMENTANDCONTINGENCESDetailsTable_lbl" xml:lang="en-US">COMMITMENT AND CONTINGENCES (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_COMMITMENTANDCONTINGENCESDetailsTable" xlink:to="itus_COMMITMENTANDCONTINGENCESDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_COMMITMENTANDCONTINGENCESDetailsLineItems" xlink:href="itus-20170731.xsd#itus_COMMITMENTANDCONTINGENCESDetailsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_COMMITMENTANDCONTINGENCESDetailsLineItems_lbl" xml:lang="en-US">COMMITMENT AND CONTINGENCES (Details) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_COMMITMENTANDCONTINGENCESDetailsLineItems" xlink:to="itus_COMMITMENTANDCONTINGENCESDetailsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_SUBSEQUENTEVENTDetailsTable" xlink:href="itus-20170731.xsd#itus_SUBSEQUENTEVENTDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_SUBSEQUENTEVENTDetailsTable_lbl" xml:lang="en-US">SUBSEQUENT EVENT (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_SUBSEQUENTEVENTDetailsTable" xlink:to="itus_SUBSEQUENTEVENTDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="itus_SUBSEQUENTEVENTDetailsLineItems" xlink:href="itus-20170731.xsd#itus_SUBSEQUENTEVENTDetailsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_SUBSEQUENTEVENTDetailsLineItems_lbl" xml:lang="en-US">SUBSEQUENT EVENT (Details) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_SUBSEQUENTEVENTDetailsLineItems" xlink:to="itus_SUBSEQUENTEVENTDetailsLineItems_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense_lbl0" xml:lang="en-US">Accretion of interest on patent acquisition obligations to interest expense.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense" xlink:to="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_AccruedSeveranceCostsCurrent_lbl0" xml:lang="en-US">Carrying value as of the balance sheet date of obligations incurred and payable for employee severance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_AccruedSeveranceCostsCurrent" xlink:to="itus_AccruedSeveranceCostsCurrent_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_CommonStockIssuedToAcquirePatentLicense_lbl0" xml:lang="en-US">Amount of common stock issued during the period related to the patent license</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_CommonStockIssuedToAcquirePatentLicense" xlink:to="itus_CommonStockIssuedToAcquirePatentLicense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares_lbl0" xml:lang="en-US">Number of shares of stock issued during the period pursuant to patent acquisitions obligation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares" xlink:to="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue_lbl0" xml:lang="en-US">Value of stock issued pursuant to repay patent acquisition obligation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue" xlink:to="itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_ConsultationExpense_lbl0" xml:lang="en-US">Amount charged to consultation expense for the period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ConsultationExpense" xlink:to="itus_ConsultationExpense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_ExtinguishmentOfPatentObligation_lbl0" xml:lang="en-US">Extinguishment of patent obligation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ExtinguishmentOfPatentObligation" xlink:to="itus_ExtinguishmentOfPatentObligation_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_FiniteLivedPatentsNet_lbl0" xml:lang="en-US">Net carrying amount after accumulated amortization as of the balance sheet date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_FiniteLivedPatentsNet" xlink:to="itus_FiniteLivedPatentsNet_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable_lbl0" xml:lang="en-US">The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred for royalties and legal fees.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable" xlink:to="itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_InterestExpensePatentAcquisitionObligations_lbl0" xml:lang="en-US">Interest expense recorded during the period for the accretion of interest on patent acquisition obligations.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_InterestExpensePatentAcquisitionObligations" xlink:to="itus_InterestExpensePatentAcquisitionObligations_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_LitigationAndLicensingExpenses_lbl0" xml:lang="en-US">Litigation and licensing expenses.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_LitigationAndLicensingExpenses" xlink:to="itus_LitigationAndLicensingExpenses_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_MinimumBidPrice_lbl0" xml:lang="en-US">The minimum bid price required for continued listing on stock market.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_MinimumBidPrice" xlink:to="itus_MinimumBidPrice_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_PatentAcquisitionObligation_lbl1" xml:lang="en-US">Obligation related to patent acquisition.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PatentAcquisitionObligation" xlink:to="itus_PatentAcquisitionObligation_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_PatentAcquisitionObligationTextBlock_lbl0" xml:lang="en-US">The entire disclosure related to the patent acquisition obligation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PatentAcquisitionObligationTextBlock" xlink:to="itus_PatentAcquisitionObligationTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_PaymentsMadeOnSecuredDebenture_lbl1" xml:lang="en-US">The cash outflow for a Debenture.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PaymentsMadeOnSecuredDebenture" xlink:to="itus_PaymentsMadeOnSecuredDebenture_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_PreferredHolderConsiderationTransferred_lbl0" xml:lang="en-US">The total consideration given to the preferred stock holders.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PreferredHolderConsiderationTransferred" xlink:to="itus_PreferredHolderConsiderationTransferred_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_PreferredStockConversionRightIntrinsicValue_lbl0" xml:lang="en-US">Preferred stock conversion right intrinsic value.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PreferredStockConversionRightIntrinsicValue" xlink:to="itus_PreferredStockConversionRightIntrinsicValue_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_ProceedsFromIssuanceOfRightsOffering_lbl1" xml:lang="en-US">The cash inflow associated with the amount received from rights offering.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ProceedsFromIssuanceOfRightsOffering" xlink:to="itus_ProceedsFromIssuanceOfRightsOffering_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_RedemptionDebenturePresentValue_lbl0" xml:lang="en-US">The present value of redemption debentures.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RedemptionDebenturePresentValue" xlink:to="itus_RedemptionDebenturePresentValue_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue_lbl0" xml:lang="en-US">Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding and exercisable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber_lbl0" xml:lang="en-US">Number of options outstanding and exercisable, including both vested and non-vested options.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice_lbl0" xml:lang="en-US">Weighted average price per share at which the shares are outstanding and exercisable under the stock option plan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable_lbl1" xml:lang="en-US">The number of shares reserved for issuance or issued but not exercised pertaining to the outstanding and exercisable stock options as of the balance sheet date for all option plans in the customized range of exercise prices.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice_lbl1" xml:lang="en-US">The weighted average price as of the balance sheet date at which grantees could acquire the underlying shares with respect to all outstanding and exercisable stock options which are in the customized range of exercise prices.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2_lbl1" xml:lang="en-US">Weighted average remaining contractual term of outstanding and exercisable stock options, in &apos;PnYnMnDTnHnMnS&apos; format, for example, &apos;P1Y5M13D&apos; represents the reported fact of one year, five months, and thirteen days.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_StockIssuedDuringPeriodSharesRightsOffering_lbl0" xml:lang="en-US">Number of stock issued during the period for shareholder rights offering.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_StockIssuedDuringPeriodSharesRightsOffering" xlink:to="itus_StockIssuedDuringPeriodSharesRightsOffering_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_StockIssuedDuringPeriodValueRightsOffering_lbl0" xml:lang="en-US">Equity impact of the value of stock issued during the period for shareholder right offering.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_WarrantExercisePricePercentage_lbl0" xml:lang="en-US">The exercise price of warrant expressed in percentage of volume weighted average closing price of common stock.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_WarrantExercisePricePercentage" xlink:to="itus_WarrantExercisePricePercentage_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="itus_WarrantTerm_lbl0" xml:lang="en-US">The term of the warrant.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_A2003SharePlanMember_lbl0" xml:lang="en-US">A2003 Share Plan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_A2003SharePlanMember" xlink:to="itus_A2003SharePlanMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_A2010SharePlanMember_lbl0" xml:lang="en-US">A2010 Share Plan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_A2010SharePlanMember" xlink:to="itus_A2010SharePlanMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_ConsultantMember_lbl0" xml:lang="en-US">Consultant [Member]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_DueOnOrBeforeJune12017Member_lbl0" xml:lang="en-US">Due On Or Before June 12017 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_DueOnOrBeforeJune12017Member" xlink:to="itus_DueOnOrBeforeJune12017Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_MeetrixMember_lbl0" xml:lang="en-US">Meetrix [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_MeetrixMember" xlink:to="itus_MeetrixMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_PatentAcquisitionObligationMember_lbl0" xml:lang="en-US">Patent Acquisition Obligation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_PatentAcquisitionObligationMember" xlink:to="itus_PatentAcquisitionObligationMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RangeOfExercisePrices082To096Member_lbl0" xml:lang="en-US">Range Of Exercise Prices 082 To 096 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices082To096Member" xlink:to="itus_RangeOfExercisePrices082To096Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RangeOfExercisePrices1350To1750Member_lbl0" xml:lang="en-US">Range Of Exercise Prices 1350 To 1750 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices1350To1750Member" xlink:to="itus_RangeOfExercisePrices1350To1750Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RangeOfExercisePrices179To775Member_lbl0" xml:lang="en-US">Range Of Exercise Prices 179 To 775 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices179To775Member" xlink:to="itus_RangeOfExercisePrices179To775Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RangeOfExercisePrices1875To2300Member_lbl0" xml:lang="en-US">Range Of Exercise Prices 1875 To 2300 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices1875To2300Member" xlink:to="itus_RangeOfExercisePrices1875To2300Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RangeOfExercisePrices258To556Member_lbl0" xml:lang="en-US">Range Of Exercise Prices 258 To 556 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices258To556Member" xlink:to="itus_RangeOfExercisePrices258To556Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RangeOfExercisePrices258To925Member_lbl0" xml:lang="en-US">Range Of Exercise Prices 258 To 925 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices258To925Member" xlink:to="itus_RangeOfExercisePrices258To925Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RangeOfExercisePrices2925Member_lbl0" xml:lang="en-US">Range Of Exercise Prices 2925 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RangeOfExercisePrices2925Member" xlink:to="itus_RangeOfExercisePrices2925Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RedemptionDebentureMember_lbl0" xml:lang="en-US">Redemption Debenture [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RedemptionDebentureMember" xlink:to="itus_RedemptionDebentureMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_RedemptionWarrantMember_lbl0" xml:lang="en-US">Redemption Warrant [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_RedemptionWarrantMember" xlink:to="itus_RedemptionWarrantMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_lbl0" xml:lang="en-US">Stock Options Not Granted Under 2003 Share Plan Or 2010 Share Plan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember" xlink:to="itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember_lbl0"/>
    <loc xlink:type="locator" xlink:label="itus_DocumentAndEntityInformationAbstract" xlink:href="itus-20170731.xsd#itus_DocumentAndEntityInformationAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US">Document and Entity Information [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_DocumentAndEntityInformationAbstract" xlink:to="itus_DocumentAndEntityInformationAbstract_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares_lbl1" xml:lang="en-US">CommonStockIssuedToRepayPatentAcquisitionObligationShares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares" xlink:to="itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_StockIssuedDuringPeriodSharesRightsOffering_lbl1" xml:lang="en-US">StockIssuedDuringPeriodSharesRightsOffering</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_StockIssuedDuringPeriodSharesRightsOffering" xlink:to="itus_StockIssuedDuringPeriodSharesRightsOffering_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense_lbl1" xml:lang="en-US">AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense" xlink:to="itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice_lbl1" xml:lang="en-US">ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue_lbl1" xml:lang="en-US">ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber_lbl1" xml:lang="en-US">ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber" xlink:to="itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl0" xml:lang="en-US">Liabilities and Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPreferredStock_lbl0" xml:lang="en-US">Dividends, Preferred Stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesFairValueDisclosureRecurring_lbl0" xml:lang="en-US">Liabilities, Fair Value Disclosure, Recurring</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesFairValueDisclosureRecurring" xlink:to="us-gaap_LiabilitiesFairValueDisclosureRecurring_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrent_lbl0" xml:lang="en-US">Liabilities, Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl0"/>
    <loc xlink:type="locator" xlink:label="dei_EntityPublicFloat" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</label>
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    <loc xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrent_lbl0" xml:lang="en-US">Assets, Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl0" xml:lang="en-US">Cash and Cash Equivalents, Period Increase (Decrease)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssued1_lbl0" xml:lang="en-US">Stock Issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssued1" xlink:to="us-gaap_StockIssued1_lbl0"/>
    <loc xlink:type="locator" xlink:label="dei_TradingSymbol" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl0" xml:lang="en-US">Net Income (Loss) Attributable to Parent</label>
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    <loc xlink:type="locator" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</label>
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    <loc xlink:type="locator" xlink:label="dei_EntityCurrentReportingStatus" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</label>
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    <loc xlink:type="locator" xlink:label="dei_DocumentType" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType"/>
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    <loc xlink:type="locator" xlink:label="dei_DocumentFiscalYearFocus" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl0" xml:lang="en-US">Increase (Decrease) in Accounts Receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl0" xml:lang="en-US">Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_lbl0" xml:lang="en-US">Interest Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl0" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic and Diluted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:to="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl1" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl1"/>
    <loc xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims_lbl0" xml:lang="en-US">Issuance of Stock and Warrants for Services or Claims</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims" xlink:to="us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl0" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_lbl2" xml:lang="en-US">Stockholders&apos; Equity Attributable to Parent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl2"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl0" xml:lang="en-US">Increase (Decrease) in Accounts Payable and Accrued Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl0"/>
    <loc xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</label>
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    <loc xlink:type="locator" xlink:label="dei_AmendmentFlag" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl0" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl0"/>
    <loc xlink:type="locator" xlink:label="dei_EntityRegistrantName" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockOptionPlanExpense_lbl0" xml:lang="en-US">Stock or Unit Option Plan Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockOptionPlanExpense" xlink:to="us-gaap_StockOptionPlanExpense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl0" xml:lang="en-US">Increase (Decrease) in Prepaid Expense and Other Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl0" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_lbl0" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConversionOfStockAmountConverted1_lbl0" xml:lang="en-US">Conversion of Stock, Amount Converted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConversionOfStockAmountConverted1" xlink:to="us-gaap_ConversionOfStockAmountConverted1_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesIssued_lbl1" xml:lang="en-US">Shares, Issued</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingIncomeLoss_lbl0" xml:lang="en-US">Operating Income (Loss)</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl1" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_lbl0" xml:lang="en-US">Liabilities</label>
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    <loc xlink:type="locator" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaidInKindInterest_lbl0" xml:lang="en-US">Paid-in-Kind Interest</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</label>
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    <loc xlink:type="locator" xlink:label="dei_EntityFilerCategory" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_lbl0" xml:lang="en-US">Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl0"/>
    <loc xlink:type="locator" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsAndExpenses_lbl0" xml:lang="en-US">Costs and Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpenses" xlink:to="us-gaap_CostsAndExpenses_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl0" xml:lang="en-US">Stock Issued During Period, Shares, New Issues</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl0" xml:lang="en-US">Stock Redeemed or Called During Period, Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl0"/>
    <loc xlink:type="locator" xlink:label="dei_AmendmentDescription" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentDescription"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</label>
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    <loc xlink:type="locator" xlink:label="us-gaap_StatementTable" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_StatementScenarioAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementScenarioAxis_lbl" xml:lang="en-US">Scenario [Axis]</label>
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  </labelLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>11
<FILENAME>itus-20170731_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by iC(tm) - CompSci Interactive Converter - http://www.compsciresources.com -->
<!-- Created: Fri Sep 08 12:11:34 EDT 2017 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
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  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_ConsolidatedIncomeStatement_Parentheticals" roleURI="http://www.ITUScorp.com/role/ConsolidatedIncomeStatement_Parentheticals"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_ShareholdersEquityType2or3" roleURI="http://www.ITUScorp.com/role/ShareholdersEquityType2or3"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_ConsolidatedCashFlow" roleURI="http://www.ITUScorp.com/role/ConsolidatedCashFlow"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_BUSINESSANDFUNDING" roleURI="http://www.ITUScorp.com/role/BUSINESSANDFUNDING"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_STOCKBASEDCOMPENSATION" roleURI="http://www.ITUScorp.com/role/STOCKBASEDCOMPENSATION"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_FAIRVALUEMEASUREMENTS" roleURI="http://www.ITUScorp.com/role/FAIRVALUEMEASUREMENTS"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_INVESTMENTS" roleURI="http://www.ITUScorp.com/role/INVESTMENTS"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_ACCOUNTSPAYABLEANDACCRUEDEXPENSES" roleURI="http://www.ITUScorp.com/role/ACCOUNTSPAYABLEANDACCRUEDEXPENSES"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_PATENTACQUISITIONOBLIGATION" roleURI="http://www.ITUScorp.com/role/PATENTACQUISITIONOBLIGATION"/>
  <roleRef xlink:type="simple" xlink:href="itus-20170731.xsd#itus_r_PREFERREDSTOCKREDEMPTION" roleURI="http://www.ITUScorp.com/role/PREFERREDSTOCKREDEMPTION"/>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6745812800">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document And Entity Information - shares<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1"></th>
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<tr>
<th class="th"><div>Jul. 31, 2017</div></th>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">Jul. 31,  2017<span></span>
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<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)<br></strong></div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Oct. 31, 2016</div></th>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 1,833,768<span></span>
</td>
<td class="nump">$ 2,488,323<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermInvestments', window );">Short-term investments in certificates of deposit</a></td>
<td class="nump">4,251,000<span></span>
</td>
<td class="nump">750,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable</a></td>
<td class="nump">221,049<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other current assets</a></td>
<td class="nump">140,274<span></span>
</td>
<td class="nump">162,069<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">6,446,091<span></span>
</td>
<td class="nump">3,400,392<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FiniteLivedPatentsNet', window );">Patents, net of accumulated amortization of $1,209,013 and $965,040, respectively</a></td>
<td class="nump">1,827,098<span></span>
</td>
<td class="nump">2,071,071<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property and equipment, net of accumulated depreciation of $79,046 and $46,950, respectively</a></td>
<td class="nump">141,433<span></span>
</td>
<td class="nump">156,644<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">8,414,622<span></span>
</td>
<td class="nump">5,628,107<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Accounts payable and accrued expenses</a></td>
<td class="nump">926,688<span></span>
</td>
<td class="nump">468,756<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebtCurrent', window );">Secured debenture (Note 7)</a></td>
<td class="nump">2,000,000<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">2,926,688<span></span>
</td>
<td class="nump">468,756<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PatentAcquisitionObligation', window );">Patent acquisition obligation</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">4,171,876<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">2,926,688<span></span>
</td>
<td class="nump">4,640,632<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies (Note 11)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Shareholders&#8217; equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">14,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, par value $.01 per share; 24,000,000 shares authorized;15,120,239 and 8,752,387 shares issued and outstanding, respectively</a></td>
<td class="nump">151,202<span></span>
</td>
<td class="nump">87,524<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Additional paid-in capital</a></td>
<td class="nump">159,725,096<span></span>
</td>
<td class="nump">152,051,144<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Accumulated deficit</a></td>
<td class="num">(154,388,364)<span></span>
</td>
<td class="num">(151,165,193)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total shareholders&#8217; equity</a></td>
<td class="nump">5,487,934<span></span>
</td>
<td class="nump">987,475<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and shareholders&#8217; equity</a></td>
<td class="nump">8,414,622<span></span>
</td>
<td class="nump">5,628,107<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember', window );">Series A Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Shareholders&#8217; equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">14,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityInterestIssuedOrIssuableByTypeAxis=us-gaap_PreferredStockMember', window );">Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Shareholders&#8217; equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, par value $100 per share; 19,860 shares authorized; no shares issued or outstanding, Series A convertible preferred stock, par value $100 per share; 140 shares authorized; -0- and 140 shares issued and outstanding, respectively</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_FiniteLivedPatentsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net carrying amount after accumulated amortization as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_FiniteLivedPatentsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_PatentAcquisitionObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Obligation related to patent acquisition.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_PatentAcquisitionObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsReceivableNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6801-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3044-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),19)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(7))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuredDebtCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of the portion of long-term, collateralized debt obligations due within one year or the operating cycle, if longer. Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuredDebtCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(1)(g))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityInterestIssuedOrIssuableByTypeAxis=us-gaap_PreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityInterestIssuedOrIssuableByTypeAxis=us-gaap_PreferredStockMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6746364832">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)<br></strong></div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Oct. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Patents, accumulated amortization (in Dollars)</a></td>
<td class="nump">$ 1,209,013<span></span>
</td>
<td class="nump">$ 965,040<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Property and equipment, accumulated depreciation (in Dollars)</a></td>
<td class="nump">$ 79,046<span></span>
</td>
<td class="nump">$ 46,950<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock par value (in Dollars per share)</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized</a></td>
<td class="nump">24,000,000<span></span>
</td>
<td class="nump">24,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued</a></td>
<td class="nump">15,120,239<span></span>
</td>
<td class="nump">8,752,387<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, shares outstanding</a></td>
<td class="nump">15,120,239<span></span>
</td>
<td class="nump">8,752,387<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember', window );">Series A Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock par value (in Dollars per share)</a></td>
<td class="nump">$ 100<span></span>
</td>
<td class="nump">$ 100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, shares authorized</a></td>
<td class="nump">140<span></span>
</td>
<td class="nump">140<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, shares issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">140<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock, shares outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">140<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityInterestIssuedOrIssuableByTypeAxis=us-gaap_PreferredStockMember', window );">Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock par value (in Dollars per share)</a></td>
<td class="nump">$ 100<span></span>
</td>
<td class="nump">$ 100<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, shares authorized</a></td>
<td class="nump">19,860<span></span>
</td>
<td class="nump">19,860<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, shares issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock, shares outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.14)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityInterestIssuedOrIssuableByTypeAxis=us-gaap_PreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityInterestIssuedOrIssuableByTypeAxis=us-gaap_PreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
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<body>
<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6746115312">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
<td class="nump">$ 362,500<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="nump">$ 362,500<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingCostsAndExpensesAbstract', window );"><strong>Operating costs and expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_LitigationAndLicensingExpenses', window );">Litigation and licensing expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">8,551<span></span>
</td>
<td class="nump">2,022<span></span>
</td>
<td class="nump">83,713<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RoyaltyExpense', window );">Inventor royalties and contingent legal fees</a></td>
<td class="nump">141,451<span></span>
</td>
<td class="nump">61,720<span></span>
</td>
<td class="nump">141,451<span></span>
</td>
<td class="nump">61,720<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfIntangibleAssets', window );">Amortization of patents</a></td>
<td class="nump">81,325<span></span>
</td>
<td class="nump">81,324<span></span>
</td>
<td class="nump">243,973<span></span>
</td>
<td class="nump">243,972<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and development expenses (including non-cash stock option compensation expenses of $64,705, $84,316,$213,333 and $171,241, respectively)</a></td>
<td class="nump">362,968<span></span>
</td>
<td class="nump">292,063<span></span>
</td>
<td class="nump">1,245,722<span></span>
</td>
<td class="nump">1,142,973<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Marketing, general and administrative expenses (including non-cash stock option compensation expenses of $416,411, $156,125, $719,440 and $398,949 respectively)</a></td>
<td class="nump">1,507,681<span></span>
</td>
<td class="nump">631,226<span></span>
</td>
<td class="nump">3,067,235<span></span>
</td>
<td class="nump">2,163,332<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsAndExpenses', window );">Total operating costs and expenses</a></td>
<td class="nump">2,093,425<span></span>
</td>
<td class="nump">1,074,884<span></span>
</td>
<td class="nump">4,700,403<span></span>
</td>
<td class="nump">3,695,710<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Loss from operations</a></td>
<td class="num">(1,730,925)<span></span>
</td>
<td class="num">(974,884)<span></span>
</td>
<td class="num">(4,337,903)<span></span>
</td>
<td class="num">(3,595,710)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Gain on extinguishment of patent acquisition obligation (Note 6)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,547,608<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(71,667)<span></span>
</td>
<td class="num">(132,357)<span></span>
</td>
<td class="num">(442,693)<span></span>
</td>
<td class="num">(383,238)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">8,192<span></span>
</td>
<td class="nump">3,466<span></span>
</td>
<td class="nump">9,817<span></span>
</td>
<td class="nump">10,190<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Loss before income taxes</a></td>
<td class="num">(1,794,400)<span></span>
</td>
<td class="num">(1,103,775)<span></span>
</td>
<td class="num">(3,223,171)<span></span>
</td>
<td class="num">(3,968,758)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net loss</a></td>
<td class="num">(1,794,400)<span></span>
</td>
<td class="num">(1,103,775)<span></span>
</td>
<td class="num">(3,223,171)<span></span>
</td>
<td class="num">(3,968,758)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Deemed dividend to preferred stockholder (Note 7)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(2,008,775)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss attributable to common stockholders</a></td>
<td class="num">$ (1,794,400)<span></span>
</td>
<td class="num">$ (1,103,775)<span></span>
</td>
<td class="num">$ (5,231,946)<span></span>
</td>
<td class="num">$ (3,968,758)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Net loss per common share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Basic and diluted (in Dollars per share)</a></td>
<td class="num">$ (0.12)<span></span>
</td>
<td class="num">$ (0.13)<span></span>
</td>
<td class="num">$ (0.47)<span></span>
</td>
<td class="num">$ (0.45)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>Weighted average common shares outstanding:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Basic and diluted (in Shares)</a></td>
<td class="nump">14,561,754<span></span>
</td>
<td class="nump">8,745,423<span></span>
</td>
<td class="nump">11,030,992<span></span>
</td>
<td class="nump">8,736,167<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_LitigationAndLicensingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Litigation and licensing expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_LitigationAndLicensingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6388964&amp;loc=d3e16225-109274<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsAndExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total costs of sales and operating expenses for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsAndExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 405<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6957935&amp;loc=d3e64057-112817<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAndDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements.  Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period.  Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAndDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainsLossesOnExtinguishmentOfDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 50<br> -Section 40<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=49170532&amp;loc=d3e12317-112629<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 50<br> -Section 40<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=49170532&amp;loc=d3e12355-112629<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainsLossesOnExtinguishmentOfDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingCostsAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingCostsAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ResearchAndDevelopmentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 730<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 985<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ResearchAndDevelopmentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RoyaltyExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RoyaltyExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SellingGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 30<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=68048583&amp;loc=d3e3636-108311<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SellingGeneralAndAdministrativeExpense</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td>na</td>
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<html>
<head>
<title></title>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6907633600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (Parentheticals) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_ResearchAndDevelopmentExpenseMember', window );">Research and Development Expense [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Non-cash Stock Option Compensation Expenses</a></td>
<td class="nump">$ 64,705<span></span>
</td>
<td class="nump">$ 84,316<span></span>
</td>
<td class="nump">$ 213,333<span></span>
</td>
<td class="nump">$ 171,241<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_SellingAndMarketingExpenseMember', window );">Selling and Marketing Expense [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Non-cash Stock Option Compensation Expenses</a></td>
<td class="nump">$ 416,411<span></span>
</td>
<td class="nump">$ 156,125<span></span>
</td>
<td class="nump">$ 719,440<span></span>
</td>
<td class="nump">$ 398,949<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllocatedShareBasedCompensationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14.F)<br> -URI http://asc.fasb.org/extlink&amp;oid=27013229&amp;loc=d3e301413-122809<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5047-113901<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllocatedShareBasedCompensationExpense</td>
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<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=us-gaap_ResearchAndDevelopmentExpenseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_ResearchAndDevelopmentExpenseMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_SellingAndMarketingExpenseMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6751460480">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS` EQUITY (UNAUDITED) - 9 months ended Jul. 31, 2017 - USD ($)<br></strong></div></th>
<th class="th"><div>Preferred Stock [Member]</div></th>
<th class="th"><div>Common Stock [Member]</div></th>
<th class="th"><div>Additional Paid-in Capital [Member]</div></th>
<th class="th"><div>Retained Earnings [Member]</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Oct. 31, 2016</a></td>
<td class="nump">$ 14,000<span></span>
</td>
<td class="nump">$ 87,524<span></span>
</td>
<td class="nump">$ 152,051,144<span></span>
</td>
<td class="num">$ (151,165,193)<span></span>
</td>
<td class="nump">$ 987,475<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance (in Shares) at Oct. 31, 2016</a></td>
<td class="nump">140<span></span>
</td>
<td class="nump">8,752,387<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition', window );">Stock option compensation to employees and directors</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">932,773<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">932,773<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Common stock issued upon exercise of stock options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 22<span></span>
</td>
<td class="nump">5,643<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,665<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Common stock issued upon exercise of stock options (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueIssuedForServices', window );">Common stock issued to consultants</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 35<span></span>
</td>
<td class="nump">17,776<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,811<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesIssuedForServices', window );">Common stock issued to consultants (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,463<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRedeemedOrCalledDuringPeriodValue', window );">Redemption of convertible preferred stock (Note 7)</a></td>
<td class="num">$ (14,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,486,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,500,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRedeemedOrCalledDuringPeriodShares', window );">Redemption of convertible preferred stock (Note 7) (in Shares)</a></td>
<td class="num">(140)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue', window );">Common stock issued to repay patent acquisition obligation (Note 6)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 9,476<span></span>
</td>
<td class="nump">2,842,818<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,852,294<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares', window );">Common stock issued to repay patent acquisition obligation (Note 6) (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">947,606<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_StockIssuedDuringPeriodValueRightsOffering', window );">Common stock issued in shareholder rights offering</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 19,892<span></span>
</td>
<td class="nump">4,183,410<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,203,302<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_StockIssuedDuringPeriodSharesRightsOffering', window );">Common stock issued in shareholder rights offering (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,989,207<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueNewIssues', window );">Common stock issued in public offering</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 34,253<span></span>
</td>
<td class="nump">3,177,532<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,211,785<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Common stock issued in public offering (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,425,376<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net loss</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,223,171)<span></span>
</td>
<td class="num">(3,223,171)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Jul. 31, 2017</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 151,202<span></span>
</td>
<td class="nump">$ 159,725,096<span></span>
</td>
<td class="num">$ (154,388,364)<span></span>
</td>
<td class="nump">$ 5,487,934<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance (in Shares) at Jul. 31, 2017</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,120,239<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of stock issued during the period pursuant to patent acquisitions obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_CommonStockIssuedToRepayPatentAcquisitionObligationShares</td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued pursuant to repay patent acquisition obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_CommonStockIssuedToRepayPatentAcquisitionObligationValue</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of stock issued during the period for shareholder rights offering.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_StockIssuedDuringPeriodSharesRightsOffering</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of stock issued during the period for shareholder right offering.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_StockIssuedDuringPeriodValueRightsOffering</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase to additional paid-in capital (APIC) from recognition of equity-based compensation for stock options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesIssuedForServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesIssuedForServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of new stock issued during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesNewIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueIssuedForServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueIssuedForServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueNewIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued as a result of the exercise of stock options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRedeemedOrCalledDuringPeriodShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of stock bought back by the entity at the exercise price or redemption price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRedeemedOrCalledDuringPeriodShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRedeemedOrCalledDuringPeriodValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of stock bought back by the entity at the exercise price or redemption price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRedeemedOrCalledDuringPeriodValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_PreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_PreferredStockMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td></td>
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<head>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6907725072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Reconciliation of net loss to net cash used in operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net loss</a></td>
<td class="num">$ (3,223,171)<span></span>
</td>
<td class="num">$ (3,968,758)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockOptionPlanExpense', window );">Stock option compensation to employees and directors</a></td>
<td class="nump">932,773<span></span>
</td>
<td class="nump">570,190<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims', window );">Common stock issued to consultants</a></td>
<td class="nump">17,811<span></span>
</td>
<td class="nump">27,996<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation of property and equipment</a></td>
<td class="nump">32,096<span></span>
</td>
<td class="nump">24,915<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfIntangibleAssets', window );">Amortization of patents</a></td>
<td class="nump">243,973<span></span>
</td>
<td class="nump">243,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense', window );">Accretion of interest on patent acquisition obligations to interest expense</a></td>
<td class="nump">228,026<span></span>
</td>
<td class="nump">383,238<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaidInKindInterest', window );">Accrued interest on secured debenture</a></td>
<td class="nump">20,667<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Gain on extinguishment of patent acquisition obligation</a></td>
<td class="num">(1,547,608)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_CommonStockIssuedToAcquirePatentLicense', window );">Common stock issued to acquire patent license</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">11,800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Change in operating assets and liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsReceivable', window );">Accounts receivable</a></td>
<td class="num">(221,049)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other current assets</a></td>
<td class="nump">21,795<span></span>
</td>
<td class="nump">70,100<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities', window );">Accounts payable and accrued expenses</a></td>
<td class="nump">437,265<span></span>
</td>
<td class="nump">150,859<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable', window );">Royalties and contingent legal fees payable</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(213,017)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash used in operating activities</a></td>
<td class="num">(3,057,422)<span></span>
</td>
<td class="num">(2,698,705)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireShortTermInvestments', window );">Disbursements to acquire short-term investments in certificates of deposit</a></td>
<td class="num">(4,251,000)<span></span>
</td>
<td class="num">(1,900,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfShortTermInvestments', window );">Proceeds from maturities of short-term investments in certificates of deposit</a></td>
<td class="nump">750,000<span></span>
</td>
<td class="nump">2,400,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchase of property and equipment</a></td>
<td class="num">(16,885)<span></span>
</td>
<td class="num">(144,650)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash (used in) provided by investing activities</a></td>
<td class="num">(3,517,885)<span></span>
</td>
<td class="nump">355,350<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash flows from financing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock', window );">Redemption of convertible preferred stock</a></td>
<td class="num">(500,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PaymentsMadeOnSecuredDebenture', window );">Payments made on secured debenture</a></td>
<td class="num">(1,000,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ProceedsFromIssuanceOfRightsOffering', window );">Proceeds from sale of common stock through a rights offering to shareholders</a></td>
<td class="nump">4,203,302<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceInitialPublicOffering', window );">Proceeds from sale of common stock through a public offering</a></td>
<td class="nump">3,211,785<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from exercise of employee stock options</a></td>
<td class="nump">5,665<span></span>
</td>
<td class="nump">23,381<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash provided by financing activities</a></td>
<td class="nump">5,920,752<span></span>
</td>
<td class="nump">23,381<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net decrease in cash and cash equivalents</a></td>
<td class="num">(654,555)<span></span>
</td>
<td class="num">(2,319,974)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at beginning of period</a></td>
<td class="nump">2,488,323<span></span>
</td>
<td class="nump">4,369,219<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at end of period</a></td>
<td class="nump">1,833,768<span></span>
</td>
<td class="nump">2,049,245<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract', window );"><strong>Supplemental disclosure of non-cash financing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConversionOfStockAmountConverted1', window );">Redemption of Series A convertible preferred stock into secured debenture (Note 7)</a></td>
<td class="num">(3,000,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssued1', window );">Common stock issued to pay patent acquisition obligation (Note 6)</a></td>
<td class="num">$ (2,852,294)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accretion of interest on patent acquisition obligations to interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_AccretionOfInterestOnPatentAcquisitionObligationsToInterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_CommonStockIssuedToAcquirePatentLicense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of common stock issued during the period related to the patent license</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_CommonStockIssuedToAcquirePatentLicense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred for royalties and legal fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_PaymentsMadeOnSecuredDebenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for a Debenture.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_PaymentsMadeOnSecuredDebenture</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ProceedsFromIssuanceOfRightsOffering">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from rights offering.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ProceedsFromIssuanceOfRightsOffering</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6388964&amp;loc=d3e16225-109274<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3044-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513438&amp;loc=d3e33268-110906<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConversionOfStockAmountConverted1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4313-108586<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4332-108586<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4304-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConversionOfStockAmountConverted1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainsLossesOnExtinguishmentOfDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 50<br> -Section 40<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=49170532&amp;loc=d3e12317-112629<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 50<br> -Section 40<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=49170532&amp;loc=d3e12355-112629<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainsLossesOnExtinguishmentOfDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in prepaid expenses, and assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3574-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3574-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaidInKindInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaidInKindInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire preferred stock originally issued and identified as a security that can be exchanged for another type of financial security. This repurchased stock is held in treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireShortTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceInitialPublicOffering">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from entity's first offering of stock to the public.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceInitialPublicOffering</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfShortTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=SL79508275-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssued1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of stock issued in noncash financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4332-108586<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4304-108586<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4313-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssued1</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6741701856">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BUSINESS AND FUNDING<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Jul. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock', window );">Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]</a></td>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">BUSINESS&#160;AND&#160;FUNDING</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline">Description of Business</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">As used herein, &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; the &#8220;Company&#8221; or &#8220;ITUS&#8221; means ITUS Corporation and its wholly-owned subsidiaries.&#160; <font style="COLOR:black">From inception through October 2012, our primary operations involved the development of patented technologies in the areas of thin-film displays and encryption. &#160;Beginning in October of 2012 under the leadership of a new management team, we recapitalized the Company, changed the Company&#8217;s name and ticker symbol, relocated the Company&#8217;s headquarters, and modernized its systems.&#160; In July of 2015, the Company&#8217;s stock was accepted for listing and began trading on the NASDAQ Capital Market.</font></p><br/><p style="font-size: 12pt; font-family: 'Times New Roman','serif'; text-align: justify; margin: 0in 0in 0pt; text-indent: 0.5in;"><font style="color: black;">In June of 2015, the Company announced the formation of a new subsidiary, Anixa Diagnostics Corporation (&#x201c;Anixa&#x201d;), to develop a platform for non-invasive blood tests for the early detection of cancer.&#160; That platform is called Cchek&#x2122;. In July of 2015, ITUS announced a collaborative research agreement with The Wistar Institute (&#x201c;Wistar&#x201d;), the nation&#x2019;s first independent biomedical research institute and a leading National Cancer Institute designated cancer research center, for the purpose of validating our cancer detection methodologies and establishing protocols for identifying certain biomarkers in the blood which we identified and which are known to be associated with malignancies.&#160; In August of 2016, ITUS announced the renewal and expansion of our relationship with Wistar.&#160; Further, in July of 2017, ITUS and Wistar announced that they renewed and expanded their relationship once more.</font></p><br/><p style="font-size: 12pt; font-family: 'Times New Roman','serif'; text-align: justify; margin: 0in 0in 0pt; text-indent: 0.5in;"><font style="color: black;">From October of 2015 through January of 2017, ITUS announced that we had demonstrated the efficacy of our Cchek&#x2122; early cancer detection platform with Breast Cancer, Lung Cancer Melanoma, Ovarian Cancer, Liver Cancer, Thyroid Cancer, Pancreatic Cancer, </font>Appendiceal Cancer (cancer of the appendix), Uterine Cancer, Osteosarcoma (cancer of the bone), Leiomyosarcoma (cancer of the soft tissue), Liposarcoma (cancer of the connective tissue), Vulvar Cancer (cancer of the vulva), and <font style="color: black;">Prostate Cancer</font>, bringing the number of cancer types for which the efficacy of <font style="color: black;">Cchek&#x2122; <font style="color: black;">has been validated thus far to fifteen.</font></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="COLOR:black">Over the next several quarters, we expect Cchek&#8482; to be the primary focus of the Company.&#160; As part of our legacy operations, the Company remains engaged in limited patent licensing activities in the area of encrypted audio/video conference calling.&#160; We do not expect these activities to be a significant part of the Company&#8217;s ongoing operations.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="COLOR:black">In the past, our revenue has been derived from technology licensing and the sale of patented technologies, including in connection with the settlement of litigation.&#160; In addition to Anixa, the Company may make investments in and form new companies to develop additional emerging technologies.</font></p><br/><p style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Courier New&quot;; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline"><font style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;">Funding and Management&#8217;s Plans</font></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="BACKGROUND:white; COLOR:black">During the nine months ended July 31, 2017, cash used in operating activities was approximately $3,057,000.&#160; Net cash used by investing activities was approximately $3,518,000, which reflects the purchase of certificates of deposit totaling $4,251,000, offset by proceeds from the sale or maturity of certificates of deposit totaling $750,000 and the purchase of property and equipment of approximately $17,000.&#160; Cash provided by financing activities was approximately $5,921,000, representing net proceeds from the sale of shares of common stock to Company shareholders through a rights offering receiving proceeds of approximately $4,203,000, net proceeds from the sale of shares of common stock in a registered public offering receiving proceeds of approximately $3,212,000 and the exercise of stock options, offset by payments of $1,000,000 under the secured debenture and the redemption of our Series A Convertible Preferred Stock (the &#8220;Series A Preferred&#8221;) of $500,000.&#160; As a result, our cash, cash equivalents and short-term investments at July 31, 2017 increased by approximately $2,846,000 to approximately $6,085,000 from approximately $3,238,000 at the end of fiscal year 2016.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; BACKGROUND:white; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="COLOR:black">Based on currently available information as of September 8, 2017, we believe that our existing cash, cash equivalents, short-term investments and expected cash flows from operations will be sufficient to fund our activities and debt obligations for the next 12 months.&#160; However, our projections of future cash needs and cash flows may differ from actual results.&#160; To date, we have relied primarily upon cash from the public and private sale of equity and debt securities to generate the working capital needed to finance our operations.&#160; If current cash on hand, cash equivalents, short term investments and cash that may be generated from our business operations are insufficient to continue to operate our business and repay our indebtedness, we will be required to obtain more working capital.&#160; We may seek to obtain working capital through sales of our equity securities or through bank credit facilities or public or private debt from various financial institutions where possible and as permitted pursuant to our existing indebtedness.</font> &#160;<font style="COLOR:black">We cannot be certain that additional funding will be available on acceptable terms, or at all.&#160; If we do identify sources for additional funding, the sale of additional equity securities or convertible debt could result in dilution to our stockholders. &#160;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. &#160;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. &#160;If we fail to obtain additional working capital as and when needed, it could have a material adverse impact on our business, results of operations and financial condition.&#160; Furthermore, such lack of funds may inhibit our ability to respond to competitive pressures or unanticipated capital needs, or may force us to reduce operating expenses, which would significantly harm the business and development of operations.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline">Basis of Presentation</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X.&#160; Accordingly, certain information and footnotes required by generally accepted accounting principles in annual financial statements have been omitted or condensed.&#160; These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended October 31, 2016, as reported by us in our Annual Report on Form 10-K.&#160; The October 31, 2016 consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (&#8220;US GAAP&#8221;).&#160; The condensed consolidated financial statements include all adjustments of a normal recurring nature which, in the opinion of management, are necessary for a fair statement of our financial position as of July 31, 2017, and results of operations and cash flows for the interim periods represented.&#160; The results of operations for the nine and three months ended July 31, 2017 are not necessarily indicative of the results to be expected for the entire year.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline">Revenue Recognition</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="COLOR:black">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.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="text-decoration:underline"><font style="COLOR:black">Patent Licensing</font></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in">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.&#160;&#160;These arrangements typically include some combination of the following:&#160;&#160;(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.&#160;&#160;In such instances, the intellectual property rights granted have been perpetual in nature, extending until the expiration of the related patents.&#160;&#160;Pursuant to the terms of these agreements, we had no further obligations. &#160;&#160;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.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline">Intangible Assets</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">Our only identifiable intangible assets are patents and patent rights.&#160; We capitalize patent and patent rights acquisition costs and amortize the cost over the estimated economic useful life.&#160; We did not capitalize any patent acquisition costs during the nine months ended July 31, 2017 and 2016. &#160;We recorded patent amortization expense of approximately $244,000 during each of the nine month periods ended July 31, 2017 and 2016<a name="_DV_M82"></a> and approximately $81,000 during each of the three month periods ended July 31, 2017 and 2016, respectively.</p><br/></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the general note to the financial statements for the reporting entity which may include, descriptions of the basis of presentation, business description, significant accounting policies, consolidations, reclassifications, new pronouncements not yet adopted and changes in accounting principles.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -URI http://asc.fasb.org/topic&amp;trid=2197479<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -URI http://asc.fasb.org/topic&amp;trid=2122369<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -URI http://asc.fasb.org/topic&amp;trid=2134479<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -URI http://asc.fasb.org/topic&amp;trid=2122394<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6910954208">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Jul. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:">2.&#160;&#160;&#160;&#160; &#160;&#160;&#160; <font style="text-decoration:underline">STOCK BASED COMPENSATION</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">The Company maintains stock equity incentive plans under which the Company grants non-qualified stock options, stock appreciation rights, stock awards, performance awards, or stock units to employees, directors and consultants.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline">Stock Option Compensation Expense </font></p><br/><p style="font-size: 12pt; font-family: 'Times New Roman','serif'; text-align: justify; margin: 0in 0in 0pt; text-indent: 0.5in;">The compensation cost for stock options granted to employees and directors is measured at the grant date, based on the fair value of the award using the Black-Scholes pricing model, and is recognized as an expense, on a straight-line basis, over the requisite service period (the vesting period of the stock option) which is one to ten <font style="color: black;">years</font>. We recorded stock-based compensation expense, related to stock options granted to employees and directors, of approximately $933,000 and $570,000 during the nine months ended July 31, 2017 and 2016, respectively, and approximately $481,000 and $240,000 during the three months ended July 31, 2017 and 2016, respectively.&#160; Associated with the resignation of the Company&#x2019;s former chief executive officer (the &#x201c;Executive&#x201d;), all unvested options held by the Executive became fully vested upon Executive&#x2019;s resignation.&#160; This acceleration of vesting terms resulted in an expense of approximately $285,000 during the three and nine month periods ended July 31, 2017.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline">Stock Option Activity </font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">During the nine months ended July 31, 2017 and 2016, we granted options to purchase 352,000 shares and 545,000 shares of common stock, respectively, to employees and directors at weighted average exercise prices of $2.18 and $2.92 per share, respectively, pursuant to the ITUS Corporation 2010 Share Incentive Plan (the "2010 Share Plan&#8221;).&#160; During the nine months ended July 31, 2017 and 2016, stock options to purchase 2,200 and 9,080 shares of common stock, respectively, were exercised with aggregate proceeds of approximately $6,000 and $23,000, respectively. &#160;</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline">Stock&#160;Option&#160;Plans</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">As of July 31, 2017, we have two stock option plans:&#160; the ITUS Corporation 2003 Share Incentive Plan (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.&#160; </p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">The 2003 Share Plan provided for the grant of nonqualified stock options, stock appreciation rights, stock awards, performance awards and stock units to key employees, directors and consultants.&#160; In accordance with the provisions of the 2003 Share Plan, the plan terminated with respect to the ability to grant future options on April 21, 2013. &#160;Information regarding the 2003 Share Plan for the nine months ended July 31, 2017 is as follows:</p><br/><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
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<td style="height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 16.08%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" colspan="2" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average Exercise</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;Price Per Share</font></p>
</td>
<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 13.28%; padding: 0in; white-space: nowrap;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 13.28%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Aggregate</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Intrinsic</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Value</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 55.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 11.66%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Shares</font></p>
</td>
<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 55.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding at October 31, 2016</font></p>
</td>
<td style="height: 15pt; width: 11.66%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">225,600 </font></p>
</td>
<td style="height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2.3%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 13.78%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">18.69 </font></p>
</td>
<td style="height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 11.62%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 55.66%; padding: 0in 0in 0in 10pt; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercised</font></p>
</td>
<td style="height: 15.75pt; width: 11.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(2,200)</font></p>
</td>
<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2.3%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 13.78%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.58 </font></p>
</td>
<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 11.62%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 55.66%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Forfeited</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.66%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(34,400)</font></p>
</td>
<td style="height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2.3%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 13.78%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">17.85 </font></p>
</td>
<td style="height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 11.62%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 55.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding and exercisable at </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160; July 31, 2017</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.66%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">189,000&#160; </font></p>
</td>
<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2.3%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 13.78%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">19.03 </font></p>
</td>
<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 11.62%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
</table><br/><p style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Courier New&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;">The following table summarizes information about stock options outstanding and exercisable under the 2003 Share Plan as of July 31, 2017: </font></p><br/><table style="width: 550.65pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="734" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Number</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Outstanding</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">and</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercisable</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Remaining</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Contractual Life</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(in years)</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 23.1%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23.1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Price</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Range of</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Prices</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160; $&#160; 1.79 - $&#160; 7.75</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">39,000</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1.06</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23.1%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.92 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160; $13.50 - $17.50</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">21,400</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">.20</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23.1%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">16.46 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160; $18.75 - $23.00</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">88,600</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">.11</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23.1%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">22.13 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$29.25 </font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">40,000</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">.06</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23.1%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">29.25 </font></p>
</td>
</tr>
</table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">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, directors and consultants.&#160; As of July 31, 2017, the 2010 Share Plan had 541,266 shares available for future grants.&#160; Information regarding the 2010 Share Plan for the nine months ended July 31, 2017 is as follows: </p><br/><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average<br />Exercise Price <br />Per Share</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Aggregate</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Intrinsic</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Value</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Shares</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Options Outstanding at October 31, 2016</font></p>
</td>
<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">1,080,872 </font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">3.12 </font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 56%; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Granted</font></p>
</td>
<td style="height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">352,000 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">2.18 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 56%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Forfeited</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">(23,266)</font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">4.68 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
</tr>
<tr style="height: 16.5pt;">
<td style="height: 16.5pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Options Outstanding&#160; at </font><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">July 31</font><font style="font-family: 'Times New Roman','serif'; color: black;">, 2017</font></p>
</td>
<td style="border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">1,409,606 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">2.86 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
<tr style="height: 16.5pt;">
<td style="height: 16.5pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Options Exercisable at </font><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">July 31</font><font style="font-family: 'Times New Roman','serif'; color: black;">, 2017</font></p>
</td>
<td style="border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">950,467 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">3.13 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
</table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">The following table summarizes information about stock options outstanding and exercisable under the 2010 Share Plan as of July 31, 2017:</p><br/><table style="width: 650pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="867" cellspacing="0" cellpadding="0">
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding</font></p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Exercisable</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="5" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Remaining</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Contractual&#160;<br />Life</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(in years)</font></p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="5" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Remaining</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Contractual&#160;<br />Life&#160;<br />(in years)</font></p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise&#160;<br />Price</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Price</font></p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Range of</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Prices</font></p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 13%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 13%;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Number</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Outstanding</font></p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 13%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 13%;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Number</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercisable</font></p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$0.82 - $0.96</font></p>
</td>
<td style="height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">246,000</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">9.94</font></p>
</td>
<td style="height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">0.96 </font></p>
</td>
<td style="height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$2.58 - $9.25</font></p>
</td>
<td style="height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,163,606</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">6.45</font></p>
</td>
<td style="height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">3.26 </font></p>
</td>
<td style="height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">950,467</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">5.92</font></p>
</td>
<td style="height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">3.13 </font></p>
</td>
</tr>
</table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:ideograph-numeric; TEXT-INDENT:0.5in">In addition to options granted under the 2003 Share Plan and the 2010 Share Plan, the Board of Directors approved the grant of stock options to purchase 1,780,000 shares.&#160; Information regarding stock options outstanding that were not granted under the 2003 Plan or the 2010 Plan for the nine months ended July 31, 2017 is as follows: </p><br/><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average&#160;<br />Exercise</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Price Per Share</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Aggregate</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Intrinsic</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Value</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Shares</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding at October 31, 2016</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,780,000</font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.70 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 16.5pt;">
<td style="height: 16.5pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding&#160; and exercisable at&#160; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; July 31, 2017</font></p>
</td>
<td style="border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,780,000</font></p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
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<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 23%; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
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<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Remaining</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(in years)</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 23%; padding: 0in; white-space: nowrap; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 23%; padding: 0in; white-space: nowrap; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise&#160;<br />Price</font></p>
</td>
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<tr style="height: 15pt;">
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Range of</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Prices</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$2.58 - $5.56</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,780,000</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4.94</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.70</font></p>
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<tr style="height: 15pt;">
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; display: none; font-family: 'Times New Roman','serif'; color: black;">.</font></p>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-AUTOSPACE:">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">FAIR VALUE MEASUREMENTS</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">US GAAP defines fair value and establishes a framework for measuring fair value. &#160;We have categorized our financial assets, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy as set forth below. &#160;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.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">Financial assets and liabilities recorded in the accompanying condensed consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows:</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:">Level 1 - Financial assets and liabilities 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.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:">Level 2 - Financial assets and liabilities 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. &#160;</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:">Level 3 &#8211; Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management&#8217;s own assumptions about the assumptions a market participant would use in pricing the asset and liabilities. </p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of July 31, 2017: </p><br/><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 1</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 2</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 3</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Money market funds &#x2013; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; Cash equivalents</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,588,116 </font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,588,116 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Certificates of deposit &#x2013; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; Short-term investments</font></p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,251,000 </font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,251,000 </font></p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total financial assets</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,588,116 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,251,000 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">5,839,116 </font></p>
</td>
</tr>
</table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><a name="FIS_UNIDENTIFIED_TABLE_18"></a>The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2016:<a name="FIS_UNIDENTIFIED_TABLE_19"></a></p><br/><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 1</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 2</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 3</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Money market funds &#x2013; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; Cash equivalents</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,899,136 </font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,899,136 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Certificates of deposit &#x2013; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; Short term investments</font></p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">750,000 </font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">750,000 </font></p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total financial assets</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,899,136 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">750,000 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2,649,136 </font></p>
</td>
</tr>
</table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><a name="FIS_UNIDENTIFIED_TABLE_20"></a>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, 2016:</p><br/><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;</font></p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 1</font></p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 2</font></p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 3</font></p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
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<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
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<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Patent acquisition obligation</font></p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,171,876</font></p>
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<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,171,876</font></p>
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<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; display: none; font-family: 'Times New Roman','serif'; color: black;">.</font></p>
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</table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:40.5pt"><a name="eolPage31"></a><a name="FORM10Q_HTM_PAGE_41"></a>The following table sets forth the changes in the fair value of the Company&#8217;s Level 3 financial liabilities that are measured at fair value on a recurring basis:</p><br/><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
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<td style="height: 15pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="text-decoration:underline"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Patent acquisition obligation</font></font></p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 86%; background: #cceeff; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Balance October 31, 2016</font></p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,171,876 </font></p>
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</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accreted interest on patent obligation</font></p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">228,026 </font></p>
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<td style="height: 15.75pt; width: 86%; background: #cceeff; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Extinguishment of patent obligation</font></p>
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<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(4,399,902)</font></p>
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<td style="height: 15.75pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Balance July 31, 2017</font></p>
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<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -URI http://asc.fasb.org/topic&amp;trid=2155941<br></p></div>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><a name="eolPage32"></a><font style="COLOR:black">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">INVESTMENTS</font></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">At July 31, 2017 and October 31, 2016, we had <font style="COLOR:black">certificates of deposit </font>of $4,251,000 and $750,000, respectively, which were classified as <font style="COLOR:black">short-term investments and reported at fair value.&#160; </font></p><br/></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for investments, including all tables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-X (SX)<br> -Number 210<br> -Article 6<br> -Section 10<br> -Paragraph (c)<br> -Subparagraph (1)<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6741634592">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTS PAYABLE AND ACCRUED EXPENSES<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2017</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2016</font></p>
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<td style="height: 15pt; width: 70.04%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.94%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<tr style="height: 15pt;">
<td style="height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accounts payable</font></p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
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<td style="height: 15pt; width: 12.02%; background: #cceeff; padding: 0in;" valign="bottom">
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<td style="height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;" valign="bottom">
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<td style="height: 15pt; width: 70.04%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accrued severance costs</font></p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12.02%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">352,928 </font></p>
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<td style="height: 15pt; width: 1.94%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12%; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Payroll and related expenses</font></p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12.02%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">48,084 </font></p>
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<td style="height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">49,901 </font></p>
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<td style="height: 15pt; width: 70.04%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accrued interest on secured debenture</font></p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12.02%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">20,667 </font></p>
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<td style="height: 15pt; width: 1.94%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12%; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accrued other</font></p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12.02%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">60,260 </font></p>
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<td style="height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">45,631 </font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12.02%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">926,688 </font></p>
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<td style="height: 15.75pt; width: 1.94%; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 0%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a),20,24)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6910950336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PATENT ACQUISITION OBLIGATION<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PatentAcquisitionObligationAbstract', window );"><strong>Patent Acquisition Obligation [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="COLOR:black">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">PATENT ACQUISITION OBLIGATION</font></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="COLOR:black">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On March 27, 2017, the Company issued 947,606 shares of common stock to Meetrix Communications, Inc. (&#8220;Meetrix&#8221;) in satisfaction of the obligation owed by us to Meetrix pursuant to the terms of the Patent Acquisition Agreement, dated November 11, 2013 between the Company and Meetrix.&#160; The carrying value of the patent acquisition obligation at the date of extinguishment was approximately $4,400,000.&#160; The fair value of the shares of common stock issued to satisfy the obligation on the date of extinguishment was approximately $2,843,000, resulting in the recognition of a gain on the debt extinguishment of approximately $1,548,000.</p><br/></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6617672576">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PREFERRED STOCK REDEMPTION<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockTextBlock', window );">Preferred Stock [Text Block]</a></td>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0in">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">PREFERRED STOCK REDEMPTION</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">On November 11, 2016, the holder of all our outstanding Series A Preferred with an aggregate stated value of $3,500,000 exercised its right of redemption to receive such amount from proceeds from the sale of the Company&#8217;s equity securities.&#160; <font style="COLOR:black">On December 6, 2016, we entered into an agreement with the holder of the Series A Preferred setting forth the terms under which such redemption would take place (the &#8220;Series A Redemption Terms&#8221;). &#160;Pursuant to the Series A Redemption Terms, on December 9, 2016 the holder of the Series A Preferred received (i) $500,000 in cash, (ii) a 12% secured debenture evidencing the remaining $3,000,000 amount to be redeemed, $1,000,000 of which was due on or before June 1, 2017 and the remainder of which is due November 11, 2017 (the &#8220;Redemption Debenture&#8221;), and (iii) a 5 year warrant to purchase 500,000 shares of the Company&#8217;s common stock at an exercise price equal to 10% below the thirty (30) day volume weighted average closing price of our common stock at closing (the &#8220;Redemption Warrant&#8221;). The Redemption Debenture is secured by a lien on the Company&#8217;s assets and prohibits the Company from incurring any senior indebtedness </font>other than equipment financing in connection with the Company&#8217;s business<font style="COLOR:black">.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="COLOR:black">The difference between the fair value of the consideration given to the holder of our Series A Preferred and the carrying value of the Series A Preferred represents a return to the preferred stockholder which is treated in a similar manner as that of dividends paid on preferred stock.&#160; In the redemption, the Series A Preferred holder received $500,000 in cash, the Redemption Debenture with a present value of approximately $2,999,000 and the Redemption Warrant with a fair value of approximately $2,801,000, determined using the Black Scholes pricing model, and waived the Series A Preferred&#8217;s conversion right with an intrinsic value of approximately $792,000, resulting in total consideration given to the Series A Preferred holder of approximately $5,508,000.&#160; The difference between the fair value of the consideration and the $3,500,000 carrying value of the Series A Preferred resulted in a deemed dividend to the Series A Preferred holder of approximately $2,008,000.</font></p><br/></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -URI http://asc.fasb.org/topic&amp;trid=2208762<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6910950336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NET INCOME (LOSS) PER SHARE OF COMMON STOCK<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Jul. 31, 2017</div></th></tr>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0in">8.&#160;&#160; &#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">NET INCOME (LOSS) PER SHARE OF COMMON STOCK</font> </p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">Basic net income (loss) per common share (&#8220;Basic EPS&#8221;) is computed by dividing net income (loss) by the weighted average number of common shares outstanding.&#160; Diluted net income (loss) per common share (&#8220;Diluted EPS&#8221;) is computed by dividing net income (loss) by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding.&#160; The treasury stock method reduces the dilutive effect of potentially dilutive securities as it assumes that any cash proceeds (from the issuance of potentially dilutive securities) are used to buy back shares at the average share price during the period.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">Diluted EPS for all periods presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive.&#160; For this reason, excluded from the calculation of Diluted EPS for the nine and three months ended July 31, 2017 and 2016, were stock options to purchase 3,378,606 and 3,088,072 shares, respectively, and warrants to purchase 829,400 and 707,387 shares, respectively.</p><br/></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6634925136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>EFFECT OF RECENTLY ADOPTED AND ISSUED PRONOUNCEMENTS<br></strong></div></th>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0in">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">EFFECT OF RECENTLY ADOPTED AND ISSUED PRONOUNCEMENTS</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2014-09 (&#8220;ASU 2014-09&#8221;), Revenue from Contracts with Customers.&#160; This amendment updates addressing revenue from contracts with customers, which clarifies existing accounting literature relating to how and when a company recognizes revenue. 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Adoption of this standard is required for annual periods ending after December 15, 2016 and are to be applied retrospectively or the cumulative effect as of the date of adoption.&#160; The adoption of this amendment on November 1, 2016 did not have an impact on our consolidated financial statements&#160;and related disclosures.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">In November 2015, the FASB issued Accounting Standards Update 2015-17 (&#8220;ASU 2015-17&#8221;) 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.&#160; Adoption of this standard is required for annual periods beginning after December 15, 2016.&#160; We do not anticipate that the adoption of this amendment will have an impact on our consolidated financial statements and related disclosures.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">In February 2016, the FASB issued Accounting Standards Update 2016-02 (&#8220;ASU 2016-02&#8221;) which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities.&#160; The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method.&#160; The requirements of this standard include a significant increase in required disclosures.&#160; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is ongoing.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">In March 2016, the FASB issued Accounting Standards Update 2016-09 (&#8220;ASU 2016-09&#8221;) that changes the accounting for certain aspects of share-based payments to employees.&#160; The new guidance requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. It also allows an employer to repurchase more of an employee&#8217;s shares than it can today for tax withholding purposes without triggering liability accounting and to make a policy election for forfeitures as they occur.&#160; The guidance is effective for public business entities for fiscal years beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted.&#160; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is ongoing.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">In May 2017, the FASB issued Accounting Standards Update 2017-09 (&#8220;ASU 2017-09&#8221;) that provides guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting. &#160;This update is effective for all entities for fiscal years beginning after December 15, 2017, and interim periods within those years.&#160; Early adoption is permitted.&#160; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is ongoing.</p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in">In July 2017, the FASB issued Accounting Standards Update 2017-11 (&#8220;ASU 2017-11&#8221;) which changes the accounting for equity instruments that include a down round feature.&#160; For public entities, this update is effective for fiscal years beginning after December 15, 2018, and interim periods within those years.&#160; Early adoption is permitted.&#160; We began a detailed assessment of the impact that this guidance will have on our consolidated financial statements and related disclosures, and our analysis is ongoing.</p><br/></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -URI http://asc.fasb.org/topic&amp;trid=2122394<br></p></div>
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<p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:">10.&#160;&#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">INCOME TAXES </font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="COLOR:black">We file Federal, New York, California and Pennsylvania state income tax returns.&#160; Due to net operating losses, the statute of limitations for Federal and New York State income tax returns remains open to examination by taxing authorities since the fiscal year ended October 31, 1997.&#160; We account for interest and penalties related to income tax matters, if any, in marketing, general and administrative expenses. There are no unrecognized income tax benefits as of </font>July 31<font style="COLOR:black">, 2017 and October 31, 2016.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="COLOR:black">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.&#160; A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</font> We have substantial net operating loss carryforwards for Federal and New York State income tax returns. These net operating loss carryforwards could be subject to limitations under Internal Revenue Code section 382. We have provided a full valuation allowance against our deferred tax asset due to our historical pre-tax losses and the uncertainty regarding the realizability of these deferred tax assets.</p><br/></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6910964384">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>COMMITMENT AND CONTINGENCES<br></strong></div></th>
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<p style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Courier New&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><a name="_DV_M197"></a><font style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;">11.&#160;&#160;&#160;&#160;&#160;&#160; <font style="text-decoration:underline">COMMITMENT AND CONTINGENCES</font>&#160; </font></p><br/><p style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Courier New&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline"><font style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;">Litigation Matters</font></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN-LEFT:0in; TEXT-AUTOSPACE:ideograph-numeric; MARGIN-RIGHT:0in; TEXT-INDENT:0.5in"><font style="COLOR:black">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. &#160;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.</font></p><br/><p style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Courier New&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:"><font style="text-decoration:underline"><font style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;">Market for Company Stock</font></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,&quot;serif&quot;; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt;  TEXT-INDENT:0.5in"><font style="COLOR:black">On August 18, 2017, we received a staff deficiency notice from The Nasdaq Stock Market informing us that our common stock failed to comply with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market.&#160; Nasdaq&#8217;s notice has no immediate effect on the listing of our common stock and we have been provided with an initial compliance period of 180 calendar days, or until February 14, 2018, to regain compliance with the minimum bid price requirement.</font></p><br/></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -URI http://asc.fasb.org/topic&amp;trid=2127136<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -URI http://asc.fasb.org/topic&amp;trid=2144648<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6741607856">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>SUBSEQUENT EVENT<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION (Tables)<br></strong></div></th>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 11.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Shares</font></p>
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<td style="height: 15pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding at October 31, 2016</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">225,600 </font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2.3%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 11.62%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15.75pt; width: 55.66%; padding: 0in 0in 0in 10pt; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercised</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(2,200)</font></p>
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<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15.75pt; width: 2.3%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15.75pt; width: 13.78%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.58 </font></p>
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<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15.75pt; width: 11.62%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
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</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 55.66%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Forfeited</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(34,400)</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15.75pt; width: 2.3%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15.75pt; width: 13.78%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">17.85 </font></p>
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<td style="height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 1.66%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 11.62%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 55.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding and exercisable at </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160; July 31, 2017</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">189,000&#160; </font></p>
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<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2.3%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15.75pt; width: 13.78%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">19.03 </font></p>
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<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 1.66%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15.75pt; width: 11.62%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">&#160;</td>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Number</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Outstanding</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">and</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercisable</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Remaining</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Contractual Life</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(in years)</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 23.1%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23.1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Price</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 22.98%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Range of</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Prices</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160; $&#160; 1.79 - $&#160; 7.75</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">39,000</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1.06</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23.1%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.92 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160; $13.50 - $17.50</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">21,400</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">.20</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23.1%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">16.46 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160; $18.75 - $23.00</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">88,600</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">.11</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23.1%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">22.13 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$29.25 </font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">40,000</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 22.98%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">.06</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23.1%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">29.25 </font></p>
</td>
</tr>
</table><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2010SharePlanMember', window );">2010 Share Plan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONTablesLineItems', window );"><strong>STOCK BASED COMPENSATION (Tables) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock', window );">Share-based Compensation, Stock Options, Activity [Table Text Block]</a></td>
<td class="text"><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average<br />Exercise Price <br />Per Share</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Aggregate</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Intrinsic</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Value</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Shares</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Options Outstanding at October 31, 2016</font></p>
</td>
<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">1,080,872 </font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">3.12 </font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 56%; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Granted</font></p>
</td>
<td style="height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">352,000 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">2.18 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 56%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Forfeited</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">(23,266)</font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">4.68 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
</tr>
<tr style="height: 16.5pt;">
<td style="height: 16.5pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Options Outstanding&#160; at </font><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">July 31</font><font style="font-family: 'Times New Roman','serif'; color: black;">, 2017</font></p>
</td>
<td style="border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">1,409,606 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">2.86 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
<tr style="height: 16.5pt;">
<td style="height: 16.5pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-family: 'Times New Roman','serif'; color: black;">Options Exercisable at </font><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">July 31</font><font style="font-family: 'Times New Roman','serif'; color: black;">, 2017</font></p>
</td>
<td style="border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">950,467 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-family: 'Times New Roman','serif'; color: black;">3.13 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock', window );">Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]</a></td>
<td class="text"><table style="width: 650pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="867" cellspacing="0" cellpadding="0">
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding</font></p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Exercisable</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="5" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Remaining</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Contractual&#160;<br />Life</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(in years)</font></p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="5" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Remaining</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Contractual&#160;<br />Life&#160;<br />(in years)</font></p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise&#160;<br />Price</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Price</font></p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Range of</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Prices</font></p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 13%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 13%;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Number</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Outstanding</font></p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 13%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 13%;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Number</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercisable</font></p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="border-top: 0px; height: 11.25pt; border-right: 0px; width: 1%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 1%; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$0.82 - $0.96</font></p>
</td>
<td style="height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">246,000</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">9.94</font></p>
</td>
<td style="height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">0.96 </font></p>
</td>
<td style="height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
<tr style="height: 11.25pt;">
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$2.58 - $9.25</font></p>
</td>
<td style="height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: 115%; text-align: center;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,163,606</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">6.45</font></p>
</td>
<td style="height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">3.26 </font></p>
</td>
<td style="height: 11.25pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;">&#160;</p>
</td>
<td style="height: 11.25pt; width: 13%; background: #cceeff; padding: 0in; white-space: nowrap; width: 13%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">950,467</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">5.92</font></p>
</td>
<td style="height: 11.25pt; width: 1%; background: #cceeff; padding: 0in; white-space: nowrap; width: 1%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 115%;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 11.25pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">3.13 </font></p>
</td>
</tr>
</table><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember', window );">Stock Options Not Granted Under 2003 Share Plan Or 2010 Share Plan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONTablesLineItems', window );"><strong>STOCK BASED COMPENSATION (Tables) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock', window );">Share-based Compensation, Stock Options, Activity [Table Text Block]</a></td>
<td class="text"><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average&#160;<br />Exercise</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Price Per Share</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Aggregate</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Intrinsic</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Value</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Shares</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 56%; background: #cceeff; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding at October 31, 2016</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,780,000</font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.70 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15.75pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 16.5pt;">
<td style="height: 16.5pt; width: 56%; padding: 0in; white-space: nowrap; width: 56%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Options Outstanding&#160; and exercisable at&#160; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; July 31, 2017</font></p>
</td>
<td style="border-top: 0px; height: 16.5pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,780,000</font></p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.70 </font></p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 16.5pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 16.5pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock', window );">Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]</a></td>
<td class="text"><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 23%; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Number</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Outstanding</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">and</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercisable</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;" rowspan="4" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Remaining</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Contractual Life</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(in years)</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 23%; padding: 0in; white-space: nowrap; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 23%; padding: 0in; white-space: nowrap; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;" rowspan="3" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Weighted</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Average</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise&#160;<br />Price</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 23%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 23%;" rowspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Range of</font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Exercise Prices</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$2.58 - $5.56</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,780,000</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4.94</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2.70</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 23%; background: #cceeff; padding: 0in; width: 23%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; display: none; font-family: 'Times New Roman','serif'; color: black;">.</font></p>
</td>
</tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_STOCKBASEDCOMPENSATIONTablesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_STOCKBASEDCOMPENSATIONTablesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Money market funds &#x2013; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; Cash equivalents</font></p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,588,116 </font></p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,588,116 </font></p>
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<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,251,000 </font></p>
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<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total financial assets</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,588,116 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,251,000 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">5,839,116 </font></p>
</td>
</tr>
</table><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 1</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 2</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 3</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Money market funds &#x2013; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; Cash equivalents</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,899,136 </font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,899,136 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Certificates of deposit &#x2013; </font></p>
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160; Short term investments</font></p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">750,000 </font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">750,000 </font></p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 46%; background: #cceeff; padding: 0in 0in 0in 10pt; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total financial assets</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,899,136 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">750,000 </font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15.75pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 10%; background: #cceeff; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2,649,136 </font></p>
</td>
</tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock', window );">Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]</a></td>
<td class="text"><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;</font></p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 1</font></p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 2</font></p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Level 3</font></p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 10%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 10%;" colspan="2" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#160;&#160;&#160;&#160;&#160;&#160;</font></p>
</td>
<td style="height: 15pt; width: 1.64%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 10%; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Patent acquisition obligation</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,171,876</font></p>
</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,171,876</font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 46%; background: #cceeff; padding: 0in; white-space: nowrap; width: 46%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; white-space: nowrap; width: 10%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 1.64%; background: #cceeff; padding: 0in; white-space: nowrap;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#160;</td>
<td style="height: 15pt; width: 10%; background: #cceeff; padding: 0in; width: 10%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; display: none; font-family: 'Times New Roman','serif'; color: black;">.</font></p>
</td>
</tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock', window );">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</a></td>
<td class="text"><table style="width: 550pt; background: white; border-collapse: collapse; margin-left: auto; margin-right: auto;" width="733" cellspacing="0" cellpadding="0">
<tr style="height: 15pt;">
<td style="height: 15pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="text-decoration:underline"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Patent acquisition obligation</font></font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 86%; background: #cceeff; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Balance October 31, 2016</font></p>
</td>
<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">4,171,876 </font></p>
</td>
</tr>
<tr style="height: 15pt;">
<td style="height: 15pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accreted interest on patent obligation</font></p>
</td>
<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">228,026 </font></p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 86%; background: #cceeff; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Extinguishment of patent obligation</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(4,399,902)</font></p>
</td>
</tr>
<tr style="height: 15.75pt;">
<td style="height: 15.75pt; width: 86%; padding: 0in; white-space: nowrap; width: 86%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Balance July 31, 2017</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; border-bottom: windowtext 2.25pt double; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
</td>
</tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19190-110258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).  Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19190-110258<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19279-110258<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br></p></div>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 1.94%; padding: 0in; white-space: nowrap;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">373,224 </font></p>
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<td style="height: 15pt; width: 70.04%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accrued severance costs</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12.02%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">352,928 </font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Payroll and related expenses</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12.02%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">48,084 </font></p>
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<td style="height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">49,901 </font></p>
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<td style="height: 15pt; width: 70.04%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accrued interest on secured debenture</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12.02%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">20,667 </font></p>
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<td style="height: 15pt; width: 1.94%; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="height: 15pt; width: 12%; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">-</font></p>
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<td style="height: 15pt; width: 70.04%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Accrued other</font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12.02%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">60,260 </font></p>
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<td style="height: 15pt; width: 1.94%; background: #cceeff; padding: 0in;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
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<td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">45,631 </font></p>
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
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<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12.02%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in;" valign="bottom">
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<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#160;</p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p>
</td>
<td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 12%; background-image: none; background-repeat: repeat; background-attachment: scroll; border-bottom: windowtext 2.25pt double; background-position: 0% 0%; border-left: 0px; padding: 0in; width: 12%;" valign="bottom">
<p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">468,756 </font></p>
</td>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PayablesAndAccrualsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6746366240">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BUSINESS AND FUNDING (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
<th class="th"><div>Oct. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net Cash Provided by (Used in) Operating Activities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (3,057,422)<span></span>
</td>
<td class="num">$ (2,698,705)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net Cash Provided by (Used in) Investing Activities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,517,885)<span></span>
</td>
<td class="nump">355,350<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireShortTermInvestments', window );">Payments to Acquire Short-term Investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,251,000<span></span>
</td>
<td class="nump">1,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfShortTermInvestments', window );">Proceeds from Sale of Short-term Investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">750,000<span></span>
</td>
<td class="nump">2,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Payments to Acquire Property, Plant, and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,885<span></span>
</td>
<td class="nump">144,650<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net Cash Provided by (Used in) Financing Activities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,920,752<span></span>
</td>
<td class="nump">23,381<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ProceedsFromIssuanceOfRightsOffering', window );">Proceeds From Issuance Of Rights Offering</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,203,302<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceInitialPublicOffering', window );">Proceeds from Issuance Initial Public Offering</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,211,785<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PaymentsMadeOnSecuredDebenture', window );">Payments Made On Secured Debenture</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock', window );">Payments for Repurchase of Convertible Preferred Stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">500,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashPeriodIncreaseDecrease', window );">Cash, Period Increase (Decrease)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,846,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsAndShortTermInvestments', window );">Cash, Cash Equivalents, and Short-term Investments</a></td>
<td class="nump">$ 6,085,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,085,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,238,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfIntangibleAssets', window );">Amortization of Intangible Assets</a></td>
<td class="nump">$ 81,325<span></span>
</td>
<td class="nump">$ 81,324<span></span>
</td>
<td class="nump">$ 243,973<span></span>
</td>
<td class="nump">$ 243,972<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_PaymentsMadeOnSecuredDebenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for a Debenture.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_PaymentsMadeOnSecuredDebenture</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ProceedsFromIssuanceOfRightsOffering">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from rights offering.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ProceedsFromIssuanceOfRightsOffering</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
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<td>us-gaap_</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6388964&amp;loc=d3e16225-109274<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfIntangibleAssets</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsAndShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid Investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Short-term investments, exclusive of cash equivalents, generally consist of marketable securities intended to be sold within one year (or the normal operating cycle if longer) and may include trading securities, available-for-sale securities, or held-to-maturity securities (if maturing within one year), as applicable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsAndShortTermInvestments</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
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<td>instant</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash. Cash is the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513438&amp;loc=d3e33268-110906<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashPeriodIncreaseDecrease</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3574-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3574-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire preferred stock originally issued and identified as a security that can be exchanged for another type of financial security. This repurchased stock is held in treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireShortTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceInitialPublicOffering">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from entity's first offering of stock to the public.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceInitialPublicOffering</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfShortTermInvestments</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6751562192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">1,780,000<span></span>
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<td class="text">&#160;<span></span>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from Stock Options Exercised</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 5,665<span></span>
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<td class="nump">$ 23,381<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2010SharePlanMember', window );">2010 Share Plan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">352,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.18<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share-based Compensation</a></td>
<td class="nump">$ 481,000<span></span>
</td>
<td class="nump">$ 240,000<span></span>
</td>
<td class="nump">$ 933,000<span></span>
</td>
<td class="nump">$ 570,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost', window );">Share-based Compensation Arrangement by Share-based Payment Award Accelerated Compensation Cost</a></td>
<td class="nump">$ 285,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 285,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | 2010 Share Plan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">352,000<span></span>
</td>
<td class="nump">545,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.18<span></span>
</td>
<td class="nump">$ 2.92<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,200<span></span>
</td>
<td class="nump">9,080<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from Stock Options Exercised</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,000<span></span>
</td>
<td class="nump">$ 23,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant', window );">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)</a></td>
<td class="nump">541,266<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">541,266<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Consultant [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesIssuedForServices', window );">Stock Issued During Period, Shares, Issued for Services (in Shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,463<span></span>
</td>
<td class="nump">9,795<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ConsultationExpense', window );">Consultation Expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 18,000<span></span>
</td>
<td class="nump">$ 28,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ConsultationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount charged to consultation expense for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ConsultationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_STOCKBASEDCOMPENSATIONDetailsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_STOCKBASEDCOMPENSATIONDetailsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=SL79508275-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additional share-based compensation cost recognized as a result of an occurrence of an event that accelerates its recognition.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross number of share options (or share units) granted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesIssuedForServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesIssuedForServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=itus_A2010SharePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=itus_A2010SharePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=itus_ConsultantMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=itus_ConsultantMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</html>
</TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R25.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6740508464">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION (Details) - Information regarding the 2003 Share Plan - 2003 Share Plan [Member]<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jul. 31, 2017 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) - Information regarding the 2003 Share Plan [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Options Outstanding at October 31, 2016 | shares</a></td>
<td class="nump">225,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Options Outstanding at October 31, 2016 | $ / shares</a></td>
<td class="nump">$ 18.69<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Exercised | shares</a></td>
<td class="num">(2,200)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice', window );">Exercised | $ / shares</a></td>
<td class="nump">$ 2.58<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod', window );">Forfeited | shares</a></td>
<td class="num">(34,400)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice', window );">Forfeited | $ / shares</a></td>
<td class="nump">$ 17.85<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber', window );">Options Outstanding and exercisable at July 31, 2017 | shares</a></td>
<td class="nump">189,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice', window );">Options Outstanding and exercisable at July 31, 2017 | $ / shares</a></td>
<td class="nump">$ 19.03<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue', window );">Options Outstanding and exercisable at July 31, 2017 | $</a></td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2003SharePlanLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding and exercisable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding and exercisable, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price per share at which the shares are outstanding and exercisable under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which option holders acquired shares when converting their stock options into shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=itus_A2003SharePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=itus_A2003SharePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6746032704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION (Details) - Stock options outstanding and exercisable under 2003 share plan - 2003 Share Plan [Member]<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jul. 31, 2017 </div>
<div>$ / shares </div>
<div>shares</div>
</th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2003SharePlanMember', window );">Range Of Exercise Prices $1.79 To $7.75 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems', window );"><strong>Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable', window );">Options Outstanding and Exercisable, Number | shares</a></td>
<td class="nump">39,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2', window );">Options Outstanding and Exercisable, Weighted Average Remaining Contractual Life</a></td>
<td class="text">1 year 21 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice', window );">Options Outstanding and Exercisable, Weighted Average Exercise Price (in Dollars per share) | $ / shares</a></td>
<td class="nump">$ 2.92<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2003SharePlanMember', window );">Range Of Exercise Prices $13.50 To $17.50 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems', window );"><strong>Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable', window );">Options Outstanding and Exercisable, Number | shares</a></td>
<td class="nump">21,400<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2', window );">Options Outstanding and Exercisable, Weighted Average Remaining Contractual Life</a></td>
<td class="text">73 days<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice', window );">Options Outstanding and Exercisable, Weighted Average Exercise Price (in Dollars per share) | $ / shares</a></td>
<td class="nump">$ 16.46<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2003SharePlanMember', window );">Range Of Exercise Prices $18.75 To $23.00 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems', window );"><strong>Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable', window );">Options Outstanding and Exercisable, Number | shares</a></td>
<td class="nump">88,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2', window );">Options Outstanding and Exercisable, Weighted Average Remaining Contractual Life</a></td>
<td class="text">40 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice', window );">Options Outstanding and Exercisable, Weighted Average Exercise Price (in Dollars per share) | $ / shares</a></td>
<td class="nump">$ 22.13<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2003SharePlanMember', window );">Range Of Exercise Prices $29.25 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems', window );"><strong>Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable', window );">Options Outstanding and Exercisable, Number | shares</a></td>
<td class="nump">40,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2', window );">Options Outstanding and Exercisable, Weighted Average Remaining Contractual Life</a></td>
<td class="text">21 days<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice', window );">Options Outstanding and Exercisable, Weighted Average Exercise Price (in Dollars per share) | $ / shares</a></td>
<td class="nump">$ 29.25<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares reserved for issuance or issued but not exercised pertaining to the outstanding and exercisable stock options as of the balance sheet date for all option plans in the customized range of exercise prices.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average price as of the balance sheet date at which grantees could acquire the underlying shares with respect to all outstanding and exercisable stock options which are in the customized range of exercise prices.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term of outstanding and exercisable stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=itus_A2003SharePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=itus_A2003SharePlanMember</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=itus_RangeOfExercisePrices179To775Member</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=itus_RangeOfExercisePrices1350To1750Member</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=itus_RangeOfExercisePrices1875To2300Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=itus_RangeOfExercisePrices2925Member</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6740463616">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION (Details) - Information regarding the 2010 Share Plan<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jul. 31, 2017 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2010SharePlanLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) - Information regarding the 2010 Share Plan [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Granted</a></td>
<td class="nump">1,780,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2010SharePlanMember', window );">2010 Share Plan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2010SharePlanLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) - Information regarding the 2010 Share Plan [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Options Outstanding at October 31, 2016</a></td>
<td class="nump">1,080,872<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Options Outstanding at October 31, 2016 | $ / shares</a></td>
<td class="nump">$ 3.12<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Granted</a></td>
<td class="nump">352,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Granted | $ / shares</a></td>
<td class="nump">$ 2.18<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod', window );">Forfeited</a></td>
<td class="num">(23,266)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice', window );">Forfeited | $ / shares</a></td>
<td class="nump">$ 4.68<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Options Outstanding at July 31, 2017</a></td>
<td class="nump">1,409,606<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Options Outstanding at July 31, 2017 | $ / shares</a></td>
<td class="nump">$ 2.86<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue', window );">Options Outstanding at July 31, 2017 | $</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber', window );">Options Exercisable at July 31, 2017</a></td>
<td class="nump">950,467<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice', window );">Options Exercisable at July 31, 2017 | $ / shares</a></td>
<td class="nump">$ 3.13<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1', window );">Options Exercisable at July 31, 2017 | $</a></td>
<td class="text"> <span></span>
</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingthe2010SharePlanLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross number of share options (or share units) granted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=itus_A2010SharePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=itus_A2010SharePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<FILENAME>R28.htm
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6740148320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION (Details) - Stock options outstanding under 2010 Share Plan - 2010 Share Plan [Member]<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jul. 31, 2017 </div>
<div>$ / shares </div>
<div>shares</div>
</th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2010SharePlanMember', window );">Range Of Exercise Prices $0.82 To $0.96 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems', window );"><strong>Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions', window );">Options Outstanding, Number | shares</a></td>
<td class="nump">246,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2', window );">Options Outstanding,Weighted Average Remaining Contractual Life</a></td>
<td class="text">9 years 343 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1', window );">Options Outstanding, Weighted Average Exercise Price | $ / shares</a></td>
<td class="nump">$ 0.96<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions', window );">Options Exercisable, Number | shares</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2', window );">Options Exercisable,Weighted Average Remaining Contractual Life</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1', window );">Options Exercisable, Weighted Average Exercise Price | $ / shares</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=itus_A2010SharePlanMember', window );">Range Of Exercise Prices $2.58 To $9.25 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems', window );"><strong>Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions', window );">Options Outstanding, Number | shares</a></td>
<td class="nump">1,163,606<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2', window );">Options Outstanding,Weighted Average Remaining Contractual Life</a></td>
<td class="text">6 years 164 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1', window );">Options Outstanding, Weighted Average Exercise Price | $ / shares</a></td>
<td class="nump">$ 3.26<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions', window );">Options Exercisable, Number | shares</a></td>
<td class="nump">950,467<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2', window );">Options Exercisable,Weighted Average Remaining Contractual Life</a></td>
<td class="text">5 years 335 days<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1', window );">Options Exercisable, Weighted Average Exercise Price | $ / shares</a></td>
<td class="nump">$ 3.13<span></span>
</td>
</tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems</td>
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<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions</td>
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<tr>
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<td>us-gaap_</td>
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<tr>
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<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares reserved for issuance pertaining to the outstanding stock options as of the balance sheet date for all option plans in the customized range of exercise prices.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions</td>
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<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average exercise price as of the balance sheet date for those equity-based payment arrangements exercisable and outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term of exercisable stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average price as of the balance sheet date at which grantees could acquire the underlying shares with respect to all outstanding stock options which are in the customized range of exercise prices.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term of outstanding stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6894459472">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION (Details) - Information regarding Stock options granted not under 2003 Share Plan and 2010 Share Plan - Stock Options Not Granted Under 2003 Share Plan Or 2010 Share Plan [Member]<br></strong></div></th>
<th class="th">
<div>Jul. 31, 2017 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingStockoptionsgrantednotunder2003SharePlanand2010SharePlanLineItems', window );"><strong>STOCK BASED COMPENSATION (Details) - Information regarding Stock options granted not under 2003 Share Plan and 2010 Share Plan [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Options Outstanding at October 31, 2016 | shares</a></td>
<td class="nump">1,780,000<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber', window );">Options Outstanding and exercisable at July 31, 2017 | shares</a></td>
<td class="nump">1,780,000<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableIntrinsicValue', window );">Options Outstanding and exercisable at July 31, 2017 | $</a></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_STOCKBASEDCOMPENSATIONDetailsInformationregardingStockoptionsgrantednotunder2003SharePlanand2010SharePlanLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding and exercisable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding and exercisable, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price per share at which the shares are outstanding and exercisable under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingAndExercisableWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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</TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>41
<FILENAME>R30.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6910823616">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCK BASED COMPENSATION (Details) - Stock options outstanding not under 2003 Share Plan and 2010 Share Plan - Stock Options Not Granted Under 2003 Share Plan Or 2010 Share Plan [Member] - Range Of Exercise Prices $2.58 To $5.56 [Member]<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jul. 31, 2017 </div>
<div>$ / shares </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems', window );"><strong>Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable', window );">Options Outstanding and Exercisable, Number | shares</a></td>
<td class="nump">1,780,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2', window );">Options Outstanding and Exercisable, Weighted Average Remaining Contractual Life</a></td>
<td class="text">4 years 343 days<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice', window );">Options Outstanding and Exercisable, Weighted Average Exercise Price | $ / shares</a></td>
<td class="nump">$ 2.70<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares reserved for issuance or issued but not exercised pertaining to the outstanding and exercisable stock options as of the balance sheet date for all option plans in the customized range of exercise prices.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsAndExercisable</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average price as of the balance sheet date at which grantees could acquire the underlying shares with respect to all outstanding and exercisable stock options which are in the customized range of exercise prices.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageExercisePrice</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
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<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term of outstanding and exercisable stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisableOptionsWeightedAverageRemainingContractualTerm2</td>
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<td>xbrli:durationItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=itus_StockOptionsNotGrantedUnder2003SharePlanOr2010SharePlanMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=itus_RangeOfExercisePrices258To556Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>42
<FILENAME>R31.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6740496224">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value - USD ($)<br></strong></div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Oct. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="nump">$ 5,839,116<span></span>
</td>
<td class="nump">$ 2,649,136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value, Inputs, Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="nump">1,588,116<span></span>
</td>
<td class="nump">1,899,136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value, Inputs, Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="nump">4,251,000<span></span>
</td>
<td class="nump">750,000<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value, Inputs, Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CashEquivalentsMember', window );">Cash Equivalents [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="nump">1,588,116<span></span>
</td>
<td class="nump">1,899,136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CashEquivalentsMember', window );">Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="nump">1,588,116<span></span>
</td>
<td class="nump">1,899,136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CashEquivalentsMember', window );">Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CashEquivalentsMember', window );">Cash Equivalents [Member] | Fair Value, Inputs, Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="nump">4,251,000<span></span>
</td>
<td class="nump">750,000<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="nump">4,251,000<span></span>
</td>
<td class="nump">750,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialassetsmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial assets measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Financial assets</a></td>
<td class="text"> <span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value on a recurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6897240240">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial liabilities measured at fair value - Patent Acquisition Obligation [Member]<br></strong></div></th>
<th class="th">
<div>Oct. 31, 2016 </div>
<div>USD ($)</div>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial liabilities measured at fair value [Line Items]</strong></a></td>
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</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=itus_PatentAcquisitionObligationMember', window );">Fair Value, Inputs, Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial liabilities measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Financial Liability</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=itus_PatentAcquisitionObligationMember', window );">Fair Value, Inputs, Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial liabilities measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Financial Liability</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=itus_PatentAcquisitionObligationMember', window );">Fair Value, Inputs, Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems', window );"><strong>FAIR VALUE MEASUREMENTS (Details) - Hierarchy for financial liabilities measured at fair value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Financial Liability</a></td>
<td class="nump">$ 4,171,876<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_FAIRVALUEMEASUREMENTSDetailsHierarchyforfinancialliabilitiesmeasuredatfairvalueLineItems</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesFairValueDisclosureRecurring">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregation of the liabilities reported on the balance sheet measured at fair value on a recurring basis by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesFairValueDisclosureRecurring</td>
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<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=itus_PatentAcquisitionObligationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
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<td></td>
</tr>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
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</tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6620287456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS (Details) - Changes in the fair value of the Company's Level 3 financial liabilities measured at fair value<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jul. 31, 2017 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ChangesInTheFairValueOfTheCompanysLevel3FinancialLiabilitiesMeasuredAtFairValueAbstract', window );"><strong>Changes in the fair value of the Company's Level 3 financial liabilities measured at fair value [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Balance October 31, 2016</a></td>
<td class="nump">$ 4,171,876<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_InterestExpensePatentAcquisitionObligations', window );">Accreted interest on patent obligation</a></td>
<td class="nump">228,026<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_ExtinguishmentOfPatentObligation', window );">Extinguishment of patent obligation</a></td>
<td class="num">(4,399,902)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Balance July 31, 2017</a></td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ChangesInTheFairValueOfTheCompanysLevel3FinancialLiabilitiesMeasuredAtFairValueAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ChangesInTheFairValueOfTheCompanysLevel3FinancialLiabilitiesMeasuredAtFairValueAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_ExtinguishmentOfPatentObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Extinguishment of patent obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_ExtinguishmentOfPatentObligation</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_InterestExpensePatentAcquisitionObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest expense recorded during the period for the accretion of interest on patent acquisition obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_InterestExpensePatentAcquisitionObligations</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>45
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6741579040">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>INVESTMENTS (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Oct. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentsScheduleAbstract', window );"><strong>Investments Schedule [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CertificatesOfDepositAtCarryingValue', window );">Certificates of Deposit, at Carrying Value</a></td>
<td class="nump">$ 4,251,000<span></span>
</td>
<td class="nump">$ 750,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentsScheduleAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">invest_InvestmentsScheduleAbstract</td>
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<td>invest_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A savings certificate entitling the Entity (that is, bearer) to receive interest at an established maturity date, based upon a fixed interest rate.  A certificate of deposit may be issued in any denomination. Certificates of deposit are generally issued by commercial banks and, therefore, insured by the FDIC (up to the prescribed limit).  Certificates of deposit generally restrict holders from withdrawing funds on demand without the incurrence of penalties.  Generally, only certificates of deposit with original maturities of three months or less qualify as cash equivalents. Original maturity means original maturity to the entity holding the investment. As a related example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CertificatesOfDepositAtCarryingValue</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6910836720">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - Accounts payable and accrued expense - USD ($)<br></strong></div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Oct. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_AccountsPayableAndAccruedExpenseAbstract', window );"><strong>Accounts payable and accrued expense [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
<td class="nump">$ 444,749<span></span>
</td>
<td class="nump">$ 373,224<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_AccruedSeveranceCostsCurrent', window );">Accrued severance costs</a></td>
<td class="nump">352,928<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeRelatedLiabilitiesCurrent', window );">Payroll and related expenses</a></td>
<td class="nump">48,084<span></span>
</td>
<td class="nump">49,901<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrent', window );">Accrued interest on secured debenture</a></td>
<td class="nump">20,667<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAccruedLiabilitiesCurrent', window );">Accrued other</a></td>
<td class="nump">60,260<span></span>
</td>
<td class="nump">45,631<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Total</a></td>
<td class="nump">$ 926,688<span></span>
</td>
<td class="nump">$ 468,756<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_AccountsPayableAndAccruedExpenseAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_AccountsPayableAndAccruedExpenseAbstract</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable for employee severance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableCurrent</td>
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<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeRelatedLiabilitiesCurrent</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e7018-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6935-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e7018-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6911-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6935-107765<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6751759792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PATENT ACQUISITION OBLIGATION (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 27, 2017</div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
<th class="th"><div>Oct. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PATENTACQUISITIONOBLIGATIONDetailsLineItems', window );"><strong>PATENT ACQUISITION OBLIGATION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PatentAcquisitionObligation', window );">Patent Acquisition Obligation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,171,876<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Gain (Loss) on Extinguishment of Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 1,547,608<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=itus_MeetrixMember', window );">Meetrix [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PATENTACQUISITIONOBLIGATIONDetailsLineItems', window );"><strong>PATENT ACQUISITION OBLIGATION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesAcquisitions', window );">Stock Issued During Period, Shares, Acquisitions (in Shares)</a></td>
<td class="nump">947,606<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PatentAcquisitionObligation', window );">Patent Acquisition Obligation</a></td>
<td class="nump">$ 4,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueAcquisitions', window );">Stock Issued During Period, Value, Acquisitions</a></td>
<td class="nump">$ 2,843,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 50<br> -Section 40<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=49170532&amp;loc=d3e12317-112629<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 50<br> -Section 40<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=49170532&amp;loc=d3e12355-112629<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of stock issued during the period pursuant to acquisitions.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued pursuant to acquisitions during the period.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6751554992">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PREFERRED STOCK REDEMPTION (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 09, 2016</div></th>
<th class="th"><div>Dec. 06, 2016</div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Nov. 11, 2016</div></th>
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<tr class="re">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockRedemptionAmount', window );">Preferred Stock, Redemption Amount</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 3,500,000<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockRedemptionTerms', window );">Preferred Stock, Redemption Terms</a></td>
<td class="text">&#160;<span></span>
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<td class="text">Pursuant to the Series A Redemption Terms, on December 9, 2016 the holder of the Series A Preferred received (i) $500,000 in cash, (ii) a 12% secured debenture evidencing the remaining $3,000,000 amount to be redeemed, $1,000,000 of which was due on or before June 1, 2017 and the remainder of which is due November 11, 2017 (the &#8220;Redemption Debenture&#8221;), and (iii) a 5 year warrant to purchase 500,000 shares of the Company&#8217;s common stock at an exercise price equal to 10% below the thirty (30) day volume weighted average closing price of our common stock at closing (the &#8220;Redemption Warrant&#8221;).<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock', window );">Payments for Repurchase of Redeemable Convertible Preferred Stock</a></td>
<td class="nump">$ 500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights', window );">Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)</a></td>
<td class="nump">500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
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<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_RedemptionDebenturePresentValue', window );">Redemption Debenture Present Value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,999,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">792,000<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="nump">5,508,000<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">2,008,000<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems', window );"><strong>PREFERRED STOCK REDEMPTION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
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<td class="nump">$ 1,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ClassOfWarrantOrRightAxis=itus_RedemptionWarrantMember', window );">Redemption Warrant [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems', window );"><strong>PREFERRED STOCK REDEMPTION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WarrantsNotSettleableInCashFairValueDisclosure', window );">Warrants Not Settleable in Cash, Fair Value Disclosure</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,801,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=itus_RedemptionDebentureMember', window );">Redemption Debenture [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems', window );"><strong>PREFERRED STOCK REDEMPTION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Secured Debt</a></td>
<td class="nump">$ 3,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember', window );">Secured Debt [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems', window );"><strong>PREFERRED STOCK REDEMPTION (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_PREFERREDSTOCKREDEMPTIONDetailsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_PreferredHolderConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total consideration given to the preferred stock holders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_PreferredHolderConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_PreferredStockConversionRightIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preferred stock conversion right intrinsic value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_PreferredStockConversionRightIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_RedemptionDebenturePresentValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The present value of redemption debentures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_RedemptionDebenturePresentValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_WarrantExercisePricePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exercise price of warrant expressed in percentage of volume weighted average closing price of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_WarrantExercisePricePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_WarrantTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The term of the warrant.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_WarrantTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(i)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire callable preferred stock which is identified as being convertible to another type of financial security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockRedemptionAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The redemption (or callable) amount of currently redeemable preferred stock. Includes amounts representing dividends not currently declared or paid but which will be payable under the redemption features or for which ultimate payment is solely within the control of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.27(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21564-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockRedemptionAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockRedemptionTerms">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The redemption terms of preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity. The redemption features of this capital stock are solely within the control of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21475-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21564-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1377-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of warrants not settleable in cash classified as equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br></p></div>
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<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6620468768">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>COMMITMENT AND CONTINGENCES (Details)<br></strong></div></th>
<th class="th">
<div>Aug. 18, 2017 </div>
<div>$ / shares</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent Event [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_COMMITMENTANDCONTINGENCESDetailsLineItems', window );"><strong>COMMITMENT AND CONTINGENCES (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_MinimumBidPrice', window );">Minimum Bid Price</a></td>
<td class="nump">$ 1.00<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_COMMITMENTANDCONTINGENCESDetailsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_MinimumBidPrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The minimum bid price required for continued listing on stock market.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_MinimumBidPrice</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6912268608">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>SUBSEQUENT EVENT (Details) - Subsequent Event [Member]<br></strong></div></th>
<th class="th">
<div>Sep. 06, 2017 </div>
<div>$ / shares </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_itus_SUBSEQUENTEVENTDetailsLineItems', window );"><strong>SUBSEQUENT EVENT (Details) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares</a></td>
<td class="nump">2,029,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares</a></td>
<td class="nump">$ 0.67<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_itus_SUBSEQUENTEVENTDetailsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">itus_SUBSEQUENTEVENTDetailsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>itus_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
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<tr>
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<td>num:perShareItemType</td>
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<tr>
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<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
