ACCOUNTS PAYABLE AND ACCRUED EXPENSES; DUE TO DISTRIBUTION PARTNERS

6 Months Ended

Apr. 30, 2015

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

10. ACCOUNTS PAYABLE AND ACCRUED EXPENSES; DUE TO DISTRIBUTION PARTNERS

Accounts payable and accrued expenses consist of the following:

	April 30, 2015		October 31, 2014
Accounts payable-trade	$	618	$	1,403
Royalties, fees and development		1,367		1,859
Salaries and other compensation		605		867
Other accruals		76		298
Total accounts payable and accrued expenses	$	2,666	$	4,427

During the three and six months ended April 30, 2015, the Company recognized a gains on the extinguishment of liabilities related to certain accounts payable balances and claims for license fees and services that the Company determined would never be paid because they were no longer being pursued for payment and had passed the statute of limitations. In addition, the Company modified certain of its agreements with licensors, distribution partners and other vendors which reduced Company liabilities, generally in exchange for reduced or terminated license or distribution rights and current cash payment.

Salaries and other compensation include accrued payroll expense, accrued incentive compensation and employer 401K plan contributions.

Due to distribution partners represents amounts due to publishers for games distributed by the Company as an agent.