Quarterly report pursuant to Section 13 or 15(d)

Warrants and Stock Options

v3.5.0.2
Warrants and Stock Options
 3 Months Ended
Jan. 31, 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:

 

Warrants   Three months ended
January 31, 2011 		    Year ended
October 31, 2010 		 
    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     (9,382,418 )     1.50       (8,464,000 )     1.29  
                                 
Outstanding at the end of the period     14,737,000     $ 1.45       24,119,418     $ 1.47  
                                 
Exercisable at the end of the period     14,737,000     $ 1.45       24,119,418     $ 1.47  

 

The number and weighted average exercise prices of warrants outstanding as of January 31, 2011 are as follows:

 

Range of
Exercise Prices 		  Number
Outstanding 		    Weighted
Average
Contractual Life
(Yrs) 		    Total Exercisable  
$0.50     250,000       0.24       250,000  
0.58     400,000       0.16       400,000  
1.00     350,000       0.57       350,000  
1.30     6,868,500       0.70       6,868,500  
$1.70     6,868,500       0.70       6,868,500  
Totals     14,737,000       0.76       14,737,000  

 

Stock Options   Three months ended
January 31, 2011 		    Year ended
October 31, 2010 		 
    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     (40,000 )     0.82       (4,106,000 )     1.16  
                                 
Outstanding at the end of the period     1,499,900     $ 1.20       1,539,900     $ 1.19  
                                 
Exercisable at the end of the period     1,499,900     $ 1.20       1,539,900     $ 1.19  

 

The number and weighted average exercise prices of stock purchase options outstanding as of January 31, 2011 are as follows:

 

Range of
Exercise Prices 		  Number
Outstanding 		    Weighted
Average
Contractual Life
(Yrs) 		    Total Exercisable  
$1.00     799,900       0.09       799,900  
1.05     50,000       4.35       50,000  
1.30     375,000       2.51       375,000  
1.50     65,000       1.17       65,000  
$1.70     210,000       1.41       210,000  
Totals     1,499,900       1.07       1,499,900  

 

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