SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Oct. 31, 2015

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Level 1	Level 2	Level 3	Total
Money market funds – Cash      and cash equivalents	$       467,967	$                -	$              -	$          467,967
Certificates of deposit -    Short term investments	-	2,400,000	-	2,400,000
Total financial assets	$       467,967	$ 2,400,000	$               -	$        2,867,967

	Level 1	Level 2	Level 3	Total
Money market funds – Cash      and cash equivalents	$       155,964	$                -	$              -	$          155,964
Certificates of deposit -    Short term investments	-	2,500,000	-	2,500,000
Total financial assets	$       155,964	$    2,500,000	$               -	$        2,655,964

	Level 1		Level 2		Level 3		Total
Patent acquisition obligation		-		-	$	3,688,187	$	3,688,187

	Level 1		Level 2		Level 3		Total
Patent acquisition obligation		-		-	$	3,236,281	$	3,236,281

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	For the two years ended October 31, 2015
Patent acquisition obligation:
Balance October 31, 2013	$	-
Initial fair value		2,850,511
Accretion of interest on patent obligation		385,770
Balance October 31, 2014		3,236,281
Accretion of interest on patent obligation		451,906
Balance October 31, 2015	$	3,688,187

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	For the Year Ended October 31,
	2015	2014
Weighted average fair value at grant date	$3.09	$5.75
Valuation assumptions:
Expected life ( years)	5.75	5.80
Expected volatility	117.8%	115.3%
Risk-free interest rate	2.01%	1.82%
Expected dividend yield	0	0