SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Oct. 31, 2021

Accounting Policies [Abstract]

SCHEDULE OF CHANGES IN NONCONTROLLING INTEREST

Noncontrolling interest represents Wistar’s equity ownership in Certainty and is presented as a component of equity. The following table sets forth the changes in noncontrolling interest for the two years ended October 31, 2021:

Balance October 31, 2019	$	(422,975	)
Net loss attributable to noncontrolling interest		(74,008	)
Balance October 31, 2020		(496,983	)
Net loss attributable to noncontrolling interest		(173,523	)
Balance October 31, 2021	$	(670,506	)

SCHEDULE OF HIERARCHY OF FINANCIAL ASSETS

The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2021:

	Level 1		Level 2		Level 3		Total
Money market funds:
Cash and cash equivalents	$	28,948,976	$	-	$	-	$	28,948,976
Certificates of deposit:
Short term investments		-		2,000,000		-		2,000,000
U. S. treasury bills:
Short term investments		-		4,599,595		-		4,599,595
Total financial assets	$	28,948,976	$	6,599,599	$	-	$	35,548,571

ANIXA BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table presents the hierarchy for our financial assets measured at fair value on a recurring basis as of October 31, 2020:

	Level 1		Level 2		Level 3		Total
Money market funds:
Cash and cash equivalents	$	3,902,292	$	-	$	-	$	3,902,292
Certificates of deposit:
Cash and cash equivalents		2,250,000				-		2,250,000
Short term investments		-		2,640,000		-		2,640,000
Total financial assets	$	6,152,292	$	2,640,000	$	-	$	8,792,292

SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS USED IN ESTIMATING FAIR VALUE OF STOCK OPTIONS

The following weighted average assumptions were used in estimating the fair value of stock options granted during the years ended October 31, 2021 and 2020:

	For the Year Ended October 31,
	2021			2020
Weighted average fair value at grant date	$	2.93		$	2.97
Valuation assumptions:
Expected life (years)		5.66			5.86
Expected volatility		109.02	%		114.22	%
Risk-free interest rate		0.69	%		1.45	%
Expected dividend yield		0	%		0	%