Convertible Debentures (Tables) (Convertible Debentures [Member])

9 Months Ended

Jul. 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 July 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	$	1,401	$	—	$	—	$	1,401
Derivative liability	$	—	$	—	$	26,314	$	26,314
Total	$	1,401	$	—	$	26,314	$	27,715

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 nine month period ended July 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		(24,012	)
Settlements		(56,846	)
Balance July 31, 2014	$	26,314

Summary of Convertible Debentures and Series 1 Notes

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

	July 31, 2014		October 31, 2013
Series 1 Notes, principal and interest at 8% maturing through October 13, 2014	$	36,760	$	85,000
Convertible note payable to stockholder; principal and interest at 10% due on May 31, 2012.		64,868		64,868
		101,628		149,868
Less current maturities		101,628		149,868
Long-term portion of Convertible and Series 1 notes payable	$	—	$	—

Schedule of Remaining Outstanding Notes Maturity

Of the above notes, $69,128 was past due as of July 31, 2014. The Company’s outstanding notes mature as follows for the year ending October 31:

2014	$	101,628
Thereafter		—
	$	101,628