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Convertible Debentures (Tables) (Convertible Debentures [Member])
3 Months Ended
Jan. 31, 2014
Convertible Debentures [Member]
 
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 January 31, 2014 (See also Note 7 – Convertible Debentures – “Series 1 Notes”):

 

    Quoted
Prices in
Active
Markets
For
Identical
Assets
    Significant
Other
Observable
Inputs
    Significant
Unobservable
Inputs
       
    (Level 1)     (Level 2)     (Level 3)     Total  
Anti-dilution liability   $ 20,087     $     $     $ 20,087  
Derivative liability   $     $     $ 87,136     $ 87,136  
Total   $ 20,087     $     $ 87,136     $ 107,223  

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, 2013 and for the three month period ended January 31, 2014:

 

    Fair Value
Measurements
Using
Significant
Unobservable
Inputs
(Level 3)
 
Balance October 31, 2013   $ 75,557  
Additions     31,615  
Net gain included in earnings     (8,763 )
Settlements     (11,273 )
Balance January 31, 2014   $ 87,136  

Summary of Convertible Debentures and Series 1 Notes

At January 31, 2014 and October 31, 2013, without taking into effect any unamortized discounts, convertible debentures and Series 1 notes consisted of the following:

 

    January 31, 2014     October 31, 2013  
Series 1 Notes, principal and interest at 8% maturing through October 13, 2014   $ 102,500     $ 85,000  
                 
Convertible note payable to stockholder; principal and interest at 10% due on May 31, 2012.     64,868       64,868  
      167,368       149,868  
Less current maturities     167,368       148,868  
                 
Long term portion of Convertible and Series 1 notes payable   $     $  

Schedule of Remaining Outstanding Notes Maturity

The Company’s outstanding notes mature as follows for the years ending October 31:

 

2014   $ 167,368  
Thereafter      
    $ 167,368