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FAIR VALUE (Tables)
12 Months Ended
Oct. 31, 2012
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The table below segregates all financial assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.

 

October 31,
2012

Quoted prices
in active
markets for
identical
assets

(level 1)

Significant
other
observable
inputs

(level 2)

Significant
unobservable
inputs

(level 3)

Assets:
Money market funds $ 16,048 $ 16,048 $ $
Bank deposits 1,990 1,990
Total financial assets $ 18,038 $ 18,038 $ $
Liabilities:
Warrant liability $ 17 $ $ $ 17
Total financial liabilities $ 17 $ $ $ 17

 

October 31,
2011
Quoted prices
in active
markets for
identical
assets
(level 1)
Significant
other
observable
inputs
(level 2)
Significant
unobservable
inputs
(level 3)
Assets:
Money market funds $ 9,046 $ 9,046 $ $
Bank deposits 4,643 4,643
Total financial assets $ 13,689 $ 13,689 $ $
Liabilities:
Warrant liability $ 1,949 $ $ $ 1,949
Total financial liabilities $ 1,949 $ $ $ 1,949

 

Fair Value Assumptions Warrants [Table Text Block]

Assumptions used to determine the fair value of the warrants were:

 

2012 2011 2010
Estimated fair value of stock $1.00-$3.37 $0.62-$3.75 $0.62-$1.02
Expected warrant term 0.3-1.4 years 1.4-2.4 years 2.4-3.4 years
Risk-free rate 0.1-0.2 % 0.2-0.8 % 0.4-1.6 %
Expected volatility 77.4-80.0 % 73.5-79.7 % 73.5-76.1 %
Dividend yield 0 % 0 % 0 %

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

A summary of the changes to the Company’s warrant liability, as measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is presented below:

 

2012 2011 2010
Beginning balance $ 1,949 $ 144 $ 626
Warrants exercised - (1,042 ) -
Total loss (gain) included in net income (1,932 ) 2,847 (482 )
Ending balance $ 17 $ 1,949 $ 144