Income Taxes (Tables)

12 Months Ended

Oct. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

At October 31, the components of the income tax expense are as follows:

	2013		2012
Current tax expense:
Federal	$	—	$	—
State		1,600		1,600
Total corporate tax expense		1,600		1,600
Deferred tax expenses:
Federal		—		—
State		—		—
		—		—
Total provision:	$	1,600	$	1,600

Schedule of Net Deferred Tax Assets and Liabilities During Period

Significant components of the Company’s net deferred income tax assets/ (liabilities) at October 31, 2013 were as follows:

Current deferred tax assets:
Accrued vacation	$	—
Book compensation for options and warrants		—
Other		—
Total current deferred tax assets		—
Valuation allowance		—
Net deferred current tax assets	$	—
Noncurrent deferred tax assets:
Net operating loss carryforward	$	10,782,000
Other credit carryforward		165,000
Depreciation and amortization		—
Total noncurrent deferred tax assets		10,947,000
Valuation allowance		(10,947,000	)
Net deferred noncurrent tax assets		—
Total deferred tax assets	$	—

Schedule of Effective Income Tax Rate Reconciliation of U.S Statutory Income Tax Rate

Reconciliation of the effective income tax rate to the U.S. statutory income tax rate is as follows:

	2013			2012
Tax expense at U.S. statutory income tax rate		(34.0	)%		(34.0	)%
State tax		(5.8	)%		(5.8	)%
Utilization of net operating loss		0	%		0	%
Change in beginning balance of valuation allowance		39.8	%		39.8	%
Effective income tax rate		—	%		—	%