PREFERRED STOCK, COMMON STOCK AND EQUITY TRANSACTIONS (Tables)

9 Months Ended

Jul. 31, 2012

Stockholders Equity Note [Abstract]

Schedule Of Fair Value Assumptions Of Warrants Estimated On The Date Of Grant [Table Text Block]

The fair value of the warrants is estimated on the date of grant using the Black-Scholes option valuation model to be $496,732. The valuation was based on the assumptions noted in the following table.

Expected volatility	175.80	%
Expected dividends	0	%
Expected term (in years)	3 years
Risk-free rate