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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Revenue:    
Revenue from licensing activities $ 135,000
Settlement with AU Optronics Corporation 9,000,000
Total revenue 9,135,000
Operating costs and expenses:    
Inventor royalties and contingent legal fees 88,877
Litigation and licensing expense $ 59,641 3,334,702
Amortization of patents 81,324 81,324
Marketing, general and administrative expenses (including non-cash stock option compensation expenses of $112,495 and $491,779, respectively) 1,331,474 1,773,368
Total operating costs and expenses 1,472,439 5,278,271
(Loss) income from operations (1,472,439) 3,856,729
Interest expense (Note 9) (123,901) (109,186)
Interest income 3,251 4,677
(Loss) income before income taxes $ (1,593,089) $ 3,752,220
Provision for income taxes
Net (loss) income $ (1,593,089) $ 3,752,220
Net (loss) income per common share:    
Basic (in Dollars per share) $ (0.18) $ 0.43
Diluted (in Dollars per share) $ (0.18) $ 0.41
Weighted average common shares outstanding:    
Basic (in Shares) 8,727,035 8,788,375
Diluted (in Shares) 8,727,035 9,251,535