ASSETS AND LIABILITIES MEASURED AT FAIR VALUE (Tables)

9 Months Ended

Jul. 31, 2012

Fair Value Disclosures [Abstract]

Schedule Of Warrant Liability Measured At Fair Value [Table Text Block]

The Company had no assets measured at fair value at July 31, 2012 and October 31, 2011. The Company had the following warrant liability measured at fair value on July 31, 2012 and October 31, 2011:

	Fair value measurement
	Quoted prices in active markets of identical assets		Significant other observable inputs		Significant unobservable inputs
	(Level 1)		(Level 2)		(Level 3)
July 31, 2012 Warrants liability		-	$	1,086		-
October 31, 2011 Warrants liability		-	$	23,443		-

Schedule Of Fair Value Assumptions For Warrant Liability [Table Text Block]

The Company used the Black-Scholes valuation model to estimate the fair value of the Warrants.  The valuation of warrants liability on July 31, 2012 was based on the assumptions noted in the following table.

Expected volatility	68.96	%
Expected dividends	0	%
Expected term (in years)	0.65 years
Risk-free rate	0.30	%