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Warrants and Stock Options | 12 Months Ended
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Oct. 31, 2010
Compensation Related Costs [Abstract] |
Warrants and Stock Options | NOTE 9 - WARRANTS AND STOCK OPTIONS Transactions involving stock options and warrants issued are summarized as follows:
Warrants |  | Year ended October 31, 2010 |  |  | Year ended October 31, 2009 |
|  | Number |  |  | Weighted Average Exercise Price |  |  | Number |  |  | Weighted Average Exercise Price |
Outstanding at beginning of the period |  |  | 32,583,418 |  |  | $ | 1.42 |  |  |  | 32,583,418 |  |  | $ | 1.42 |
Granted during the period |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Terminated during the period |  |  | (8,464,000 | ) |  |  | 1.28 |  |  |  | - |  |  |  | - |
Outstanding at the end of the period |  |  | 24,119,418 |  |  | $ | 1.47 |  |  |  | 32,583,418 |  |  | $ | 1.42 |
Exercisable at the end of the period |  |  | 24,119,418 |  |  | $ | 1.47 |  |  |  | 32,583,418 |  |  | $ | 1.42 |
The number and weighted average exercise prices of warrants outstanding as of October 31, 2010 are as follows:
Range of Exercise Prices |  | Number Outstanding |  |  | Weighted Average Contractual Life (Yrs) |  |  | Total Exercisable |
$0.50 |  |  | 250,000 |  |  |  | 0.50 |  |  |  | 250,000 |
0.58 |  |  | 400,000 |  |  |  | 0.41 |  |  |  | 400,000 |
1.00 |  |  | 350,000 |  |  |  | 0.82 |  |  |  | 350,000 |
1.30 |  |  | 11,559,709 |  |  |  | 1.14 |  |  |  | 11,559,709 |
$1.70 |  |  | 11,559,709 |  |  |  | 1.14 |  |  |  | 11,559,709 |
Totals |  |  | 24,119,418 |  |  |  | 1.17 |  |  |  | 24,119,418 |
Stock Options |  | Year ended October 31, 2010 |  |  | Year ended October 31, 2009 |
|  | Number |  |  | Weighted Average Exercise Price |  |  | Number |  |  | Weighted Average Exercise Price |
Outstanding at beginning of the period |  |  | 5,595,900 |  |  | $ | 1.18 |  |  |  | 5,755,900 |  |  | $ | 1.18 |
Granted during the period |  |  | 50,000 |  |  |  | 1.05 |  |  |  | 50,000 |  |  |  | 1.30 |
Terminated during the period |  |  | (4,106,000 | ) |  |  | 1.16 |  |  |  | (210,000 | ) |  |  | 1.32 |
Outstanding at the end of the period |  |  | 1,539,900 |  |  | $ | 1.19 |  |  |  | 5,595,900 |  |  | $ | 1.18 |
Exercisable at the end of the period |  |  | 1,539,900 |  |  | $ | 1.19 |  |  |  | 5,214,149 |  |  | $ | 1.17 |
The number and weighted average exercise prices of stock purchase options outstanding as of October 31, 2010 are as follows:
Range of Exercise Prices |  | Number Outstanding |  |  | Weighted Average Contractual Life (Yrs) |  |  | Total Exercisable |
$1.00 |  |  | 839,900 |  |  |  | 0.38 |  |  |  | 839,900 |
1.05 |  |  | 50,000 |  |  |  | 4.60 |  |  |  | 50,000 |
1.30 |  |  | 375,000 |  |  |  | 2.76 |  |  |  | 375,000 |
1.50 |  |  | 65,000 |  |  |  | 1.42 |  |  |  | 65,000 |
$1.70 |  |  | 210,000 |  |  |  | 1.66 |  |  |  | 210,000 |
Totals |  |  | 1,539,900 |  |  |  | 1.32 |  |  |  | 1,539,900 |
There is no intrinsic value to the option exercisable as of October 31, 2010. See Note 16 of the Consolidated Financial Statement for current information on the status of Warrants and Stock Options.

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- Definition The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 + Details
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