Quarterly report pursuant to Section 13 or 15(d)

Warrants and Stock Options

v3.5.0.2
Warrants and Stock Options
 6 Months Ended
Apr. 30, 2011
Compensation Related Costs [Abstract]  
Warrants and Stock Options

NOTE 9 - WARRANTS AND STOCK OPTIONS

 

Transactions involving stock options and warrants issued are summarized as follows:

 

    Six months ended
April 30, 2011 		    Year ended
October 31, 2010 		 
Warrants   Number     Weighted
Average Exercise
Price 		    Number     Weighted
Average Exercise
Price 		 
                         
Outstanding at beginning of the period     24,119,418     $ 1.47       32,583,418     $ 1.42  
Granted during the period     -       -       -       -  
Terminated during the period     (9,782,418 )     1.47       (8,464,000 )     1.29  
                                 
Outstanding at the end of the period     14,337,000     $ 1.47       24,119,418     $ 1.47  
                                 
Exercisable at the end of the period     14,337,000     $ 1.47       24,119,418     $ 1.47  

 

The number and weighted average exercise prices of warrants outstanding as of April 30, 2011 are as follows:

 

Range of
Exercise Prices 		    Number
Outstanding 		    Weighted Average
Contractual Life
(Yrs) 		    Total Exercisable  
$ 0.50       250,000       0.01       250,000  
  1.00       350,000       0.33       350,000  
  1.30       6,868,500       0.47       6,868,500  
$ 1.70       6,868,500       0.47       6,868,500  
  Totals       14,337,000       0.53       14,337,000  

 

    Six months ended
April 30, 2011 		    Year ended
October 31, 2010 		 
Stock Options   Number     Weighted
Average Exercise
Price 		    Number     Weighted
Average Exercise
Price 		 
                         
Outstanding at beginning of the period     1,539,900     $ 1.19       5,595,900     $ 1.18  
Granted during the period     -       -       50,000       1.05  
Terminated during the period     (539,900 )     1.00       (4,106,000 )     1.16  
                                 
Outstanding at the end of the period     1,000,000     $ 1.29       1,539,900     $ 1.19  
                                 
Exercisable at the end of the period     1,000,000     $ 1.29       1,539,900     $ 1.19  

 

The number and weighted average exercise prices of stock purchase options outstanding as of April 30, 2011 are as follows:

 

Range of
Exercise Prices 		    Number
Outstanding 		    Weighted Average
Contractual Life
(Yrs) 		    Total Exercisable  
$ 1.00       300,000       0.01       300,000  
  1.05       50,000       4.10       50,000  
  1.30       375,000       2.26       375,000  
  1.50       65,000       0.93       65,000  
$ 1.70       210,000       1.17       210,000  
  Totals       1,000,000       1.36       1,000,000  

 

See Note 15 of the Unaudited Condensed Consolidated Financial Statement for current information on the status of the Warrants.