Preferred Shares and Common Shares (Tables)

12 Months Ended

Oct. 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 1,003,393 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 year ended October 31, 2018 consisted of the following:

	Shares Outstanding - October 31, 2017		Year to Date 2018 -Preferred Stock Conversions and Series F Exchange			Year to Date 2018 - Common Stock Shares Issued
Series A		3,146,671		(3,146,671	)		713,036
Series B		47,689		(47,689	)		794,820
Series C		2,578		(2,578	)		59,950
Series D		26,667		(26,667	)		44,445
Series E		7,050		(7,050	)		7,050,000
Series F		6,455		(6,455	)		972,070
Total		3,237,110		(3,237,110	)		9,634,321

Schedule of Convertible Preferred Stock Outstanding

Convertible preferred stock as of October 31, 2017 consisted of the following (in thousands, except share amounts):

	Shares Authorized		Shares Issued and Outstanding		Net Carrying Value		Aggregate Liquidation Preference		Common Shares Issuable Upon Conversion
Series A		8,830,000		3,146,671	$	769	$	2,140		713,245
Series B		54,250		47,689		4,020		–		794,806
Series C		26,000		2,578		201		–		59,953
Series D		170,000		26,667		312		–		44,445
Series E		7,050		7,050		104,693		–		7,050,000
Series F		6,455		6,455		4,541		17,750		645,455
Other authorized, unissued		15,906,245		–		–		–		–
Total		25,000,000		3,237,110	$	114,536	$	19,890		9,307,904