Related Party Transactions

9 Months Ended

Jul. 31, 2012


Note 14.	Related Party Transactions

The Company has entered into a consulting arrangement (the "Brammer Consulting Agreement") with Dr. Robert F. Brammer, a currently serving member of the Board of Directors, under which Dr. Brammer will provide business development services to the Company. The Brammer Consulting Agreement, which was entered into in fiscal year 2012 with a one year term, currently provides for consulting fees of $10,000 per month. Consulting expenses incurred with respect to the Brammer Consulting Agreement for the three and nine months ended July 31, 2012 were $20,000 and $30,000, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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+ Details