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Capital Stock | 12 Months Ended
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Oct. 31, 2017
Equity [Abstract] |
Capital Stock | NOTE 6 – CAPITAL STOCK Common Stock On or around January 11, 2017, the Company effected a one for fourteen (1 for 14) reverse stock split of our issued and outstanding common stock. All historical share numbers in our audited Consolidated Financial Statements have been adjusted retroactively to account for the said reverse stock split. Effecting the reverse stock split reduced the number of issued and outstanding shares of common stock as of January 11, 2017 to 9,102,192. The Company is authorized to issue 150,000,000 shares of common stock with a par value of $0.001 per share. On March 1, 2016, the Company issued 2,310,477 shares of its common stock to CCM Holdings, LLC to extinguish the $3,558,136 terminal conversion premium which accrued under the Senior Secured Convertible Debentures. On May 25 and June 16, 2016, the Company issued 28,572 shares to four members of the Board of Directors for their services performed as directors. These shares were valued at their approximate trading price of $57,650 which was charged to operations. On June 16, 2016, the Company issued an aggregate of 8,036 shares to two individuals for services rendered. These shares were valued at their approximate trading price of $10,500 which was charged to operations. On August 1, 2016, the Company issued 14,285 to two members of the Board of Directors for their services performed as directors. These shares were valued at their approximate trading price of $30,580 which was charged to operations. On August 25 and August 30, 2016, the Company issued an aggregate of 16,071 shares to two individuals for services rendered. These shares were valued at $21,000 which was charged to operations. On November 8, 2016, the Company issued 8,036 shares to two individuals for services rendered. These were valued at $10,500 which was charged to operations. On June 23, 2017, the Company issued 6,250 shares to two individuals for services rendered. These were valued at $15,000 which was charged to operations. On October 13, 2017, the Company issued 6,250 shares to two individuals for services rendered. These were valued at $15,000 which was charged to operations. In June and August 2017, the Company issued 21,429 shares to three of our newly appointed directors for services rendered at a value of $93,738 which was charged to operations. As of October 31, 2017, the Company had 9,136,121 shares of common stock issued and outstanding. Preferred Stock Series A and Series C Preferred Stock The Company is also authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. We have designated 50,000 preferred shares as Series A preferred stock and 50,000 preferred shares as Series C preferred stock. The remaining 4,900,000 shares of preferred stock are not designated. Pursuant to an Exchange Agreement concluded on June 30, 2015 between the Company and the Holder of 6,087 units of Series A Preferred, these units of Series A Preferred were cancelled, retired, and a new Series C preferred stock was created of which 1,100 units were issued, each unit having a stated value equal to $1,000. Series C Preferred Stock was convertible by the Holder or the Company subject to the Conversion Conditions being met and, if not converted, were redeemable at a fixed price of $1,100,000 on or before December 31, 2016. Series C Preferred stock does not have any voting rights and no dividends are payable on these shares. On or around December 31, 2016 these shares of Series C Preferred Stock were redeemed in full and the representative certificates were surrendered and cancelled. On December 15, 2015 the Company purchased the 200 shares of Series A Preferred Stock that were outstanding at the end of the fiscal year ended October 31, 2015, for $37,070 and these Series A Preferred Stock have been surrendered and retired. As of the date of this report, the Company has no shares of Series A Preferred Stock outstanding and this class has been eliminated and the appropriate Certificate of Elimination has been filed in Delaware and the Series C issued on or around June 30, 2015 were redeemed in full and cancelled. On or around April 28, 2017, pursuant to the terms of an Exchange Agreement between the Company and the Holder, the Company issued 1,000 units of Series C Preferred Stock, each unit having a stated value equal to $1,000 in extinguishment of $1,000,000 of interest payments due to said Holder in respect of Debentures described at the beginning of the table in Note 8. Series C Preferred Stock is convertible by the Holder or the Company subject to the Conversion Conditions being met at a Conversion Price of $5.00 per share and, if not converted, are redeemable at a fixed price of $1,000,000. The Holder has a liquidation preference over holders of common stock As of October 31, 2017, the Series C Preferred Stock referred to in the paragraph immediately above are the only Series C issued and outstanding.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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