XML 23 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Jul. 31, 2012
Oct. 31, 2011
ASSETS    
Cash and cash equivalents $ 101,532 $ 774,040
Short-term investment in U.S. government securities and certificates of deposit 950,000 2,249,159
Prepaid expenses and other current assets 93,329 97,158
Total current assets 1,144,861 3,120,357
Investment in Volga-Svet, Ltd., at cost 127,500 127,500
Property and equipment, net of accumulated depreciation of $2,183,914 and $2,178,291, respectively 11,901 15,924
Total assets 5,886,979 8,645,832
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 462,856 374,691
Accrued liabilities 129,874 85,778
Deferred revenue, non-refundable license fees 1,187,320 1,644,679
Total current liabilities 1,780,050 2,105,148
Contingencies (Note 10)      
Deferred revenue, non-refundable license fee   482,651
Loan payable to related party (Note 1) 5,000,000 5,000,000
Shareholders’ equity:    
Preferred stock, par value $100 per share; 500,000 shares authorized; no shares issued or outstanding      
Common stock, par value $.01 per share; 240,000,000 shares authorized; 184,189,787 and 176,131,047 shares issued and outstanding, respectively 1,841,898 1,761,310
Additional paid-in capital 126,267,184 125,127,246
Loan receivable from related party (Note 1) (5,000,000) (5,000,000)
Accumulated deficit (123,222,819) (120,830,523)
Accumulated other comprehensive (loss) income (779,334)  
Total shareholders’ (deficit) equity (893,071) 1,058,033
Total liabilities and shareholders’ equity 5,886,979 8,645,832
Videocon Industries Limited Global Depository Receipts [Member]
   
ASSETS    
Investment in Videocon Industries Limited global depository receipts, at market value $ 4,602,717 $ 5,382,051