XML 49 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
INCOME TAXES (Tables)
12 Months Ended
Oct. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The provision (benefit) for income taxes for the years ended October 31, 2015 and 2014 consisted of:
 
 
 
2015
 
2014
 
Current:
 
 
 
 
 
 
 
Federal
 
$
-
 
$
-
 
State
 
 
3
 
 
10
 
Deferred:
 
 
 
 
 
 
 
Federal
 
 
182
 
 
(4,126)
 
State
 
 
181
 
 
(259)
 
Impact of change in effective tax rates on deferred taxes
 
 
-
 
 
-
 
Change in: valuation allowance
 
 
(363)
 
 
4,385
 
 
 
$
3
 
$
10
 
Schedule Of Components Of Federal and State Income Tax Expense Benefit [Table Text Block]
The difference between income taxes computed at the statutory federal rate and the provision for income taxes for 2015 and 2014 related to the following:
 
 
 
2015
 
2014
 
 
 
 
 
Percent of
 
 
 
Percent of
 
 
 
Amount
 
Pretax income
 
Amount
 
Pretax income
 
Tax (benefit) at federal statutory rate
 
$
(1,297)
 
 
34
%
$
(5,503)
 
 
34
%
State income taxes, net of federal income taxes
 
 
184
 
 
(5)
%
 
(249)
 
 
1
%
Effect of warrant liability
 
 
526
 
 
(14)
%
 
-
 
 
-
%
Effect of other permanent items
 
 
574
 
 
(15)
%
 
1,361
 
 
(8)
%
Change in valuation allowance
 
 
(363)
 
 
10
%
 
4,385
 
 
(27)
%
Reduction of deferred benefits
 
 
379
 
 
(10)
%
 
16
 
 
-
%
 
 
$
3
 
 
-
%
$
10
 
 
-
%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
The components of deferred income tax assets (liabilities) were as follows:
 
 
 
October 31,
 
 
 
2015
 
2014
 
Impairment of development costs
 
$
597
 
$
562
 
Depreciation and amortization
 
 
144
 
 
215
 
Impairment of inventory
 
 
14
 
 
277
 
Compensation expense not deductible until options are exercised
 
 
174
 
 
759
 
All other temporary differences
 
 
370
 
 
1,373
 
Net operating loss carry forward
 
 
1,368
 
 
30,190
 
Less valuation allowance
 
 
(2,667)
 
 
(33,376)
 
Deferred tax asset
 
$
-
 
$
-