• Filing Date: 2020-06-12
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
STOCK OPTIONS (Tables)
6 Months Ended
Apr. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following is a summary of stock option activity for the six months ended April 30, 2020:

 

Options  Shares  Weighted Average Exercise Price  Weighted Average Remaining Contractual Life (Years)  Aggregate Intrinsic Value
             
 Outstanding at October 31, 2019    16,350,000   $0.09    2.83   $46,448 
 Outstanding at April 30, 2020    16,350,000   $0.09    2.33   $14,648 
 Exercisable at April 30, 2020    13,833,333   $0.08    2.14   $14,648 
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range

Summarized information about stock options outstanding and exercisable at April 30, 2020 is as follows:

 Options Outstanding     Options Exercisable  
 Exercise Price     

Number

Outstanding

     Weighted Average Remaining Contractual Life (Years)    Weighted Average Exercise Price    Number Exercisable     

Weighted Average Exercise

Price

 
$0.05    4,075,000    0.82   $0.05    4,075,000   $0.05 
 0.09    11,625,000    2.87    0.09    9,108,333    0.09 
 0.15    350,000    2.81    0.15    350,000    0.15 
 0.18    300,000    1.26    0.18    300,000    0.18 
$  0.05 – 0.18    16,350,000    2.33   $0.09    13,833,333   $0.08 
Summary of Stock Option Liability

The following is a summary of the Company’s stock option liability at April 30, 2020 and October 31, 2019:

 

Stock option liability at October 31, 2019:     $4,803 
Reclassification to additional paid-in capital    (4,803)
 Stock option liability at April 30, 2020   $—