Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.7.0.1
Investments (Tables)
3 Months Ended
Jan. 31, 2017
Schedule of Investments [Abstract]  
Schedule of Investment Securities at Amortized

The following table summarizes the Company’s investment securities at amortized cost as of January 31, 2017 and October 31, 2016:

 

    January 31, 2017  
    Amortized
cost, as adjusted
    Gross unrealized holding gains     Gross unrealized holding losses     Estimated fair value  
Short-term investments:                                
Certificates of Deposit   $ 25,010,270     $ -     $ -     $ 25,010,270  
Domestic Governmental Agency Loans     5,664,336       49       512       5,663,873  
U.S Treasury Notes     48,620,773       3,591       8,569       48,615,795  
Total short-term investment securities   $ 79,295,379     $ 3,640     $ 9,081     $ 79,289,938  

 

    October 31, 2016  
    Amortized
cost, as adjusted
    Gross unrealized holding gains     Gross unrealized holding losses     Estimated fair value  
Short-term investments:                                
Certificates of Deposit   $ 10,737,563     $ -     $ -     $ 10,737,563  
Domestic Governmental Agency Loans     2,500,000       -       250       2,499,750  
U.S Treasury Notes     26,098,985       2,404       7,556       26,093,833  
Total short-term investment securities   $ 39,336,548     $ 2,404     $ 7,806     $ 39,331,146