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CONVERTIBLE DEBENTURES (Tables)
12 Months Ended
Oct. 31, 2014
Convertible Debenture Due January 2015 [Member] | Convertible Debentures Embedded Conversion Feature [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block]

  

As of

January 25,

2013

 

 

Stock price on valuation date

$

0.21

Conversion price

$

0.15

Stock premium for liquidity

 

57%

Term (years)

 

2.00

Expected volatility

 

110%

Weighted average risk-free interest rate

 

0.3%

Trials

 

100,000

Aggregate fair value

$

1,180,000

 

As of

October 31,

2013

 

 

Stock price on valuation date

$

0.195

Conversion price

 

0.15

Stock premium for liquidity

 

42%

Term (years)

 

1.25

Expected volatility

 

115%

Weighted average risk-free interest rate

 

0.3%

Trials

 

100,000

Aggregate fair value

$

540,000

Convertible Debenture Due January 2015 [Member] | Convertible Debenture Warrant [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block]

 

As of

January 25,

2013

 

 

Stock price on valuation date

$

0.21

Exercise price

$

0.30

Stock premium for liquidity

 

38%

Term (years)

 

3.00

Warrant exercise trigger price

 

41%

Expected volatility

 

95%

Weighted average risk-free interest rate

 

0.4%

Number of warrants

 

5,882,745

Aggregate fair value

$

370 ,000

Convertible Debenture Due January 2015 [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Convertible Debt [Table Text Block]

Face value of Convertible Debenture due January 2015

 

 

 

$

1,765,000

Fair value of embedded conversion feature

$

1,180,000

 

 

 

Relative fair value of Convertible Debenture Warrant

 

214,819

 

 

 

Discount

$

1,394,819

 

 

(1,394,819)

Proceeds attributable to the Convertible Debenture due January 2015

 

 

 

$

 370,181

Schedule of Debt Issuance Cost [Table Text Block]

Attributable to:

 

Accounting Treatment

 

 

Amount

The embedded conversion feature (derivative)

 

Expensed as incurred

 

$

55,999

The 8% Convertible Debenture Warrant

 

Charged to additional paid-in capital

 

 

10,194

 

 

 

 

 

 

The 8% Convertible Debenture

 

Recorded as deferred issuance costs and amortized under the interest method over the term of the 8% Convertible Debenture

 

 

17,567

Total

 

 

 

$

83,760

Convertible Debenture Due November 2016 [Member] | Convertible Debentures Embedded Conversion Feature [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block]

 

As of

November 11,

2013

 

 

Stock price on valuation date

$

0.20

Conversion price

$

0.189

Discount for lack of marketability

 

35.5%

Term (years)

 

3.00

Expected volatility

 

102.8%

Weighted average risk-free interest rate

 

0.62%

Trials

 

100,000

Aggregate fair value

$

1,570,000

Convertible Debenture Due November 2016 [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Convertible Debt [Table Text Block]

Face value of Convertible Debenture due November 2016

 

 

 

$

3,500,000 

Fair value of embedded conversion feature

$

1,570,000

 

 

 

Relative fair value of Convertible Debenture Warrant

 

515,936

 

 

 

Discount

$

2,085,936

 

 

(2,085,936)

Proceeds attributable to the Convertible Debenture due November 2016

 

 

 

$

1,414,064

Schedule of Debt Issuance Cost [Table Text Block]

 Attributable to:

 

Accounting Treatment

 

 

Amount

 

 

 

 

 

 

The embedded conversion feature (derivative)

 

Expensed as incurred

 

$

8,593

The 8% Convertible Debenture Warrant

 

Charged to additional paid-in capital

 

 

2,824

 

 

 

 

 

 

The 8% Convertible Debenture

 

Recorded as deferred issuance costs and amortized under the interest method over the term of the 8% Convertible Debenture

 

 

7,739

Total

 

 

 

$

19,156

Convertible Debenture Due January 2015 [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]

  

As of

April 30,

2014

 

 

Stock price used for valuation

$

0.34

 

 

6,667 shares issued per $1,000 face value

Aggregate intrinsic value of the $1,150,000 of principal outstanding on April 30, 2014, immediately prior to conversion and repayment

$

1,456,797

Convertible Debenture Due November 2016 [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]

 

On September 9,

2014

 

 

Stock price used for valuation

$

0.245

 

 

5,285 shares issued per $1,000 of face value

Aggregate gross intrinsic value of the $3,500,000 of principal outstanding on September 8, 2014, immediately prior to conversion

 

4,532,241

Less the face value of the convertible debenture

 

(3,500,000)

Intrinsic value of the derivative conversion feature

 $

 1,032,241

Convertible Debenture Due January 2015 [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Schedule of Extinguishment of Debt [Table Text Block]

 

Year Ended

October 31,

2014

 

Year Ended

October 31,

2013

 

 

 

 

 

 

 

 

 

 

Face value of debt converted

$

1,440,000

 

$

325,000

Less: discount

 

(658,232)

 

 

(229,964)

Plus: fair value of derivative liability

 

1,670,704

 

 

164,811

Net book value of debt converted

$

2,452,472

 

$

259,847

Fair value of common stock issued

 

2,935,387

 

 

603,364

Loss on extinguishment of debt

$

(482,915)

 

$

(343,517)

Convertible Debenture Due November 2016 [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Schedule of Extinguishment of Debt [Table Text Block]

Securities extinguished:

 

 

Face value of convertible debenture converted

$

3,500,000

Less: debt discount

 

(1,684,801)

Less: deferred issuance costs

 

(7,739)

Plus: accrued interest

 

173,833

Plus: fair value of derivative liability

 

1,032,241

Plus: fair value of warrant exchanged in connection with the conversion

 

805,000

Net book value of converted debenture, accrued interest, derivative liability and warrant exchanged

 

3,818,534

 

 

 

Securities issued in conversion/exchange:

 

 

Fair value of 2,520,000 shares of common stock issued, net (18,498,943 shares of Conversion Common Stock issued, less 15,978,943 shares exchanged for 3,500 shares of Series A Convertible Preferred Stock)

 

617,400

Fair value of 3,500 shares of Series A Convertible Preferred Stock (based on a stated value per share of $1,000 and a conversion rate of $0.1892)

 

4,532,241

Fair value of warrant issued September 9, 2014

 

885,000

Subtotal of securities issued in conversion/exchange

 

6,034,641

(Loss) on conversion/exchange

$

(2,216,107)

Convertible Debenture Warrant [Member]  
CONVERTIBLE DEBENTURES (Tables) [Line Items]  
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block]

 

As of

November 11,

2013

 

 

Stock price on valuation date

$

0.20

Exercise price

$

0.378

Discount for lack of marketability

 

22%

Term (years)

 

3.00

 

 

 

Expected volatility

 

102.8%

Weighted average risk-free interest rate

 

0.6%

Number of warrants

 

9,249,472

Aggregate fair value

$

740,000