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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Revenue:        
Revenue from licensing activities $ 95,000   $ 255,000 $ 1,105,000
Amortization of display technology development and license fees received from AU Optronics Corp. in fiscal year 2011   $ 1,187,320   $ 1,187,320
Settlement with AU Optronics Corporation     $ 9,000,000  
Total revenue $ 95,000 $ 1,187,320 9,255,000 $ 2,292,320
Operating costs and expenses:        
Inventor royalties and contingent legal fees 48,917   152,861 465,095
Litigation and licensing expense 32,636 $ 162,520 3,472,908 266,537
Amortization of patents 81,324 81,289 243,972 233,129
Marketing, general and administrative expenses (including non-cash stock option compensation expenses of $780,591, $469,481, $2,338,299 and $2,346,587 respectively) 1,422,844 1,103,094 5,152,489 4,807,154
Total operating costs and expenses 1,585,721 1,346,903 9,022,230 5,771,915
Income (loss) from operations $ (1,490,721) (159,583) $ 232,770 (3,479,595)
Change in value of derivative liabilities   $ 850,000   (1,460,704)
Loss on extinguishment of debt       (482,915)
Interest expense $ (115,981) $ (280,913) $ (333,779) (1,082,041)
Dividend income       47,568
Interest income $ 4,523 $ 1,497 $ 14,379 4,817
(Loss) income before income taxes $ (1,602,179) $ 411,001 $ (86,630) $ (6,452,870)
Provision for income taxes        
Net (loss) income $ (1,602,179) $ 411,001 $ (86,630) $ (6,452,870)
Other comprehensive (loss) income:        
Unrealized income (loss) on investment in Videocon Industries Limited global depository receipts   173,518   (46,371)
Total comprehensive (loss) income $ (1,602,179) $ 584,519 $ (86,630) $ (6,499,241)
Net (loss) income per common share:        
Basic (in Dollars per share) $ (0.18) $ 0.05    
Diluted (in Dollars per share) $ (0.18) $ 0.04    
Basic and diluted (in Dollars per share)     $ (0.01) $ (0.75)
Weighted average common shares outstanding:        
Basic (in Shares) 8,762,540 8,930,070    
Diluted (in Shares) 8,792,540 10,633,900    
Basic and diluted (in Shares)     8,773,279 8,619,845