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Convertible Debentures (Tables)
9 Months Ended
Jul. 31, 2013
Convertible Notes Payable [Abstract]  
Schedule of Fair Value of Financial Instruments Liabilities

The following table sets forth, by level within the fair value hierarchy, our financial instrument liabilities as of April 30, 2012 (See also Note 7 – Convertible Debentures – “Series 1 Notes”):

 

    Quoted
Prices in
Active Markets
For Identical
Assets
    Significant
Other
Observable
Inputs
    Significant
Unobservable
Inputs
    Total  
    (Level 3)     (Level 3)     (Level 3)        
Series 1 Notes   $     $     $ 42,169     $ 42,169  
Total   $     $     $ 42,169     $ 42,169  

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 and for the nine month period ended July 31, 2013:

 

    Fair Value
Measurements
Using
Significant
Unobservable
Inputs
(Level 3)
 
Balance October 31, 2012   $ -  
Additions     44,480  
Net gain included in earnings     (2,311 )
Settlements     -  
Balance July 31, 2013   $ 42,169  

Schedule of Convertible Debentures

At July 31, 2013 and October 31, 2012, without taking into effect any unamortized discounts, convertible debentures consisted of the following:

 

    July 31, 2013     October 31, 2012  
               (Audited)  
Series 1 Note, principal and interest at 8% maturing on April 22, 2014     42,500        
                 
Convertible note payable to stockholder; principal and interest at 10% due on May 31, 2012.     64,868       64,868  
                 
Convertible notes payable to stockholder; principal and interest at 6% maturing on December 31, 2012.           12,500  
      107,368       77,368  
Less current maturities     107,368       77,368  
                 
Long term portion of Convertible and Series 1 notes payable   $     $