ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6 Months Ended

Apr. 30, 2016

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following (in thousands):

	April 30, 2016		October 31, 2015
Accounts payable-trade	$	345	$	479
Royalties, fees and development		678		681
Salaries and other compensation		461		510
Other accruals		12		16
Total accounts payable and accrued expenses	$	1,496	$	1,686

During the three and six months ended April 30, 2015, the Company recognized a gain on extinguishment of liabilities of $524,000 and $1.1 million, respectively. The Company determined that certain accounts payable balances and claims for license fees and services would never be paid because they were no longer being pursued for payment and had passed the statute of limitations.

Salaries and other compensation include accrued payroll expense, accrued incentive compensation and employer 401K plan contributions.