XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
12 Months Ended 96 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Oct. 31, 2013
Income Statement [Abstract]      
Sales       $ 58,000
Cost of Sales       29,886
Gross profit       28,114
Operating costs and expenses:      
Research and development 411,015 489,044 5,842,343
Sales, general and administrative 566,883 716,642 8,477,963
Total operating expenses 977,898 1,205,686 14,320,306
Loss from operations (977,898) (1,205,686) (14,292,192)
Other income (expense):      
Interest income 13 92 11,464
Interest expense (67,045) (384,963) (4,977,635)
Gain on derivative instruments 8,753 56,747 158,057
Other income (expense), net 39,427 285,919 512,476
Total other income (expense), net (18,852) (42,205) (4,295,638)
Loss from operations:      
Before provision for income tax (996,750) (1,247,891) (18,587,830)
Provision for income tax (1,600) (1,600) (12,800)
Net loss (998,350) (1,249,491) (18,600,630)
Net loss attributable to:      
Non-controlling interest (131,721) (92,409) (1,381,483)
Micro Imaging Technology, Inc. stockholders (866,629) (1,157,082) (17,219,147)
Net loss $ (998,350) $ (1,249,491) $ (18,600,630)
Net loss per share, basic and diluted $ (0.20) $ (0.52)  
Shares used in computing net loss per share, basic and diluted 4,880,189 2,406,315