XML 26 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (USD $)
12 Months Ended 72 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2011
Sales $ 0 $ 0 $ 58,000
Cost of Sales 0 0 29,886
Gross profit 0 0 28,114
Operating costs and expenses:      
Research and development 598,476 687,687 4,942,284
Sales, general and administrative 480,525 1,756,708 7,194,438
Total operating expenses 1,079,001 2,444,395 12,136,722
Loss from operations (1,079,001) (2,444,395) (12,108,608)
Other income (expense):      
Interest income 5 1 11,359
Interest expense (533,500) (631,401) (4,525,627)
Gain on derivative instruments 92,557 0 92,557
Other income (expense), net 25,932 (3,069) 187,130
Total other income (expense), net (415,006) (634,469) (4,234,581)
Loss from operations:      
Before provision for income tax (1,494,007) (3,078,864) (16,343,189)
Provision for income tax (1,600) (1,600) (9,600)
Net loss (1,495,607) (3,080,464) (16,352,789)
Net loss attributable to:      
Non-controlling interest (116,860) (134,295) (1,157,353)
Micro Imaging Technology, Inc. stockholders (1,378,747) (2,946,169) (15,195,436)
Net loss $ (1,495,607) $ (3,080,464) $ (16,352,789)
Net loss per share, basic and diluted (in dollars per share) $ (0.01) $ (0.02)  
Shares used in computing net loss per share, basic and diluted (in shares) 282,342,357 141,859,194