Convertible Debentures (Tables)

12 Months Ended

Oct. 31, 2012

Convertible Notes Payable [Abstract]

Summary of Changes in Fair Value of Level 3 Financial Instrument Liability

The following table sets forth a summary of changes in the fair value of our Level 3 financial instrument liability for the fiscal year ended October 31, 2012:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance October 31, 2011	$	175,865
Additions		112,885
Net gain included in earnings		(56,747	)
Settlements		(232,003	)
Balance October 31, 2012	$	—

Summary of Convertible Debentures and Series 1 Notes

At October 31, 2012 and 2011, without taking into effect any unamortized discounts, convertible debentures and Series 1 notes consisted of the following:

	2012		2011
Series 1 Notes, principal and interest at 8% maturing through May 25, 2012.	$	—	$	157,500
Convertible note payable to major stockholder; principal and interest at 10% due on March 16, 2012.	$	—	$	75,000
Convertible note payable to stockholder; principal and interest at 10% due on May 31, 2012.	$	64,868	$	64,868
Convertible notes payable to various stockholders; principal and interest at 6% due on August 1, 2012 and December 31, 2012.	$	12,500	$	62,000
		77,368		359,868
Less current maturities	$	77,368	$	347,368
Long term portion of Convertible and Series 1 notes payable	$	—	$	12,500

Schedule of Remaining Outstanding Notes Maturity

The Company’s remaining outstanding note matures as follows for the years ending October 31:

2013	$	12,500
Thereafter		—
	$	12,500