FAIR VALUE (Tables)

9 Months Ended

Jul. 31, 2015

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.

	July 31, 2015		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	$	6,505	$	6,505	$	—	$	—
Bank deposits		2,079		2,079		—		—
Total financial assets	$	8,584	$	8,584	$	—	$	—

	October 31, 2014		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	$	6,099	$	6,099	$	—	$	—
Bank deposits		1,097		1,097		—		—
Total financial assets	$	7,196	$	7,196	$	—	$	—

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), for the nine months ended July 31, 2015 is presented below:

	Nine months ended July 31, 2015
Beginning balance	$	-
Issuance of warrants		3,765
Change in fair value of warrant liability		1,547
Settlement of warrants		(5,312)
Ending balance	$	-

Fair Value Assumptions Warrants [Table Text Block]

Assumptions used to determine the fair value of the warrants in the nine months ended July 31, 2015 were:

Market price of common stock	$	0.59-$1.26
Expected warrant term		4.5-5.0 years
Risk-free rate		1.0% -1.7	%
Expected volatility		80	%
Dividend yield		0	%
Probability of certain litigation costs at each of three pricing thresholds		0-33	%
Probability of future down-round financing		0-50	%
Stock price discount		0-41	%