Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Apr. 30, 2011
Apr. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (463,062) $ (4,839,733)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and impairment 96,219 275,988
Stock based compensation 279,963 23,356
Change in fair value of warrant liability (337,212) 3,633,426
Non-cash interest expense 767,143 391,070
Amortization of deferred financing costs 121,064
Loss on investment in marketable securities 1,700
Gain on sale of investment in marketable securities (15,750)
(Increase) decrease in current assets:    
Accounts receivable 107,674 318,050
Inventory 634,676 973,637
Prepaid expenses (218,182) (13,492)
Unbilled receivables and other current assets 51,902 (1,657,271)
Increase (decrease) in current liabilities:    
Accounts payable and other current liabilities (1,028,709) 357,448
Deferred revenues 250,880
Net cash provided by operating activities 142,993 (432,207)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Sale of property and equipment 3,337 16,102
Purchases of intangible assets (5,597) (7,690)
Cash subject to restriction 827,266 442,601
Net cash (used in) provided by investing activities 825,006 451,013
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from loans 360,078
Buy back of shares (1,201)
Net cash provided by financing activities 358,877
Effect of exchange rate changes on cash (306,474) (210,369)
Net increase (decrease) in cash 1,020,402 (191,563)
Cash and cash equivalents, beginning of period 215,204 275,885
Cash and cash equivalents, end of period 1,235,606 84,322
Cash paid for:    
Interest 78,609 384,250
Income taxes