Preferred Shares and Common Shares (Tables)

9 Months Ended

Jul. 31, 2018

Equity [Abstract]

Schedule of Deemed Dividend on Preferred Shares Exchange

The exchange of all outstanding Series F Preferred Shares, and the holders’ right to receive 6% dividends, for common stock of the Company was recognized as follows:

Fair market value of 1,003,391 shares of common stock issued at $20.05 (Company’s closing stock price on March 5, 2018) in exchange for Series F Preferred Shares and accrued dividends	$	20,117,990
Carrying value of Series F Preferred Shares at March 5, 2018, including dividends		(5,898,274	)
Carrying value of bifurcated conversion option at March 5, 2018		(7,162,587	)
Deemed dividend on Series F Preferred Shares exchange	$	7,057,129

Schedule of Convertible Preferred Stock Activity

Convertible preferred stock activity for the nine months ended July 31, 2018 consisted of the following:

	Shares Outstanding - October 31, 2017		First Quarter 2018 -Preferred Stock Conversions			First Quarter 2018 - Common Stock Shares Issued		Second Quarter 2018 -Preferred Stock Conversions and Series F Exchange			Second Quarter 2018 - Common Stock Shares Issued		Year to Date 2018 -Preferred Stock Conversions and Series F Exchange			Year to Date 2018 - Common Stock Shares Issued
Series A		3,146,671		(1,544,572	)		350,000		(1,602,099	)		363,036		(3,146,671	)		713,036
Series B		47,689		-			-		(47,689	)		794,820		(47,689	)		794,820
Series C		2,578		(2,578	)		59,950		-			-		(2,578	)		59,950
Series D		26,667		(26,667	)		44,445		-					(26,667	)		44,445
Series E		7,050		-			-		(7,050	)		7,050,000		(7,050	)		7,050,000
Series F		6,455		-			-		(6,455	)		972,070		(6,455	)		972,070
Total		3,237,110		(1,573,817	)		454,395		(1,663,293	)		9,179,926		(3,237,110	)		9,634,321