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FAIR VALUE (Tables)

3 Months Ended

Jan. 31, 2013

Common Stock Warrant Liability [Member]

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

The following table provides the liabilities carried at fair value measured on a recurring basis as of January 31, 2013:

January 31, 2013		Level 1				Level 2				Level 3				Total

Common stock warrant liability, warrants exercisable at $0.045 - $0.17 from October 2012 through December 2017		$	-			$				$	3,384,725			$	3,384,725


January 31, 2013
Short term Convertible Notes Payable at fair value
May 2012 Notes		$	-			$				$	807,960			$	807,960
Asher Notes – September & November 2012										$	426,173				426,173
Patton Note										$	185,426			$	185,426
JMJ Financial											427,730				427,730
Short-term convertible Notes Payable at fair value														$	1,847,289

October 31, 2012		Level 1				Level 2				Level 3				Total

Common stock warrant liability, warrants exercisable at $0.053 - $0.17 from October 2012 through August 2017		$	-				$			$	434,136			$	434,136
Embedded Derivative Liability															-

October 31, 2012
Short term Convertible Notes Payable
May 2012 Notes		$	-				$			$	588,313			$	588,313
Hanover PIPE Notes – September & October 2012										$	362,791				362,791
Magna Exchange Note										$	333,086				333,086
Asher Note										$	150,687				150,687
French, Patton & Paterson Notes										$	208,664			$	208,664

Short-term convertible Notes and FV of Embedded Derivative														$	1,643,541

Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Common stock warrant liability:

		January 31, 2013 (Unaudited)
Beginning balance: October 31, 2012		$	434,136
Issuance of common stock warrants			1,460,867
Reclassification of warrant liability to equity			-
Exchange of warrants			-
Issuance of additional warrants due to anti-dilution provisions			3,274
Change in fair value			1,486,448

Balance at January 31, 2013		$	3,384,725

Convertible Note [Member]

Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Convertible Note FV roll forward :

		January 31, 2013
		(Unaudited)
Beginning balance – October 31, 2012			1,643,541
Issuance of note			253,500
Transfer-out			(1,227,183	)
Change in Fair Value of Note			1,177,431
Ending balance – January 31, 2013			1,847,289

Tabular disclosure of the fair value measurement of financial instruments classified in shareholders' equity using significant unobservable inputs (level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of level 3 (for example, transfers due to changes in the observability of significant inputs) by class of equity.

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Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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