Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v2.4.0.6
Stock Options (Tables)
12 Months Ended
Oct. 31, 2012
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    Year ended October 31, 2012 Year ended October 31, 2011
  Expected volatility 129.14%-152.92% 131.14%
  Risk-free interest rate 2.75% 2.75%
  Expected life 5 years 5 years
  Dividend yield 0.0% 0.0%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
      Options Outstanding  
            Weighted Average  
      Number of Shares     Exercise Price  
  Balance, October 31, 2010   1,525,000   $ 0.20  
  Granted   700,000     0.35  
  Exercised   (225,000 )   0.20  
  Expired   (300,000 )   0.20  
  Balance, October 31, 2011   1,700,000   $   0.26  
  Granted   65,000     0.25  
  Expired   (40,000 )   0.30  
  Balance, October 31, 2012   1,725,000   $   0.26  
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
  October 31, 2012         Options outstanding     Options exercisable  
                                 
            Weighted     Weighted           Weighted  
            average     Average           Average  
  Range of   Number     remaining     Exercise     Number     Exercise  
  Exercise prices   of shares     contractual life     Price     of shares     Price  
  $0.20   150,000     2.80 years   $ 0.20     150,000   $ 0.20  
  $0.20   850,000     2.23 years   $ 0.20     850,000   $ 0.20  
  $0.35   700,000     3.70 years   $ 0.35     700,000   $ 0.35  
  $0.20   25,000     4.91 years   $ 0.20     25,000   $ 0.25  
  Total   1,725,000     2.91 years   $ 0.26     1,725,000   $ 0.26