Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.7.0.1
Investments (Tables)
9 Months Ended
Jul. 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 July 31, 2017 and October 31, 2016:

 

    July 31, 2017  
    Amortized cost,
as adjusted
    Gross
unrealized
holding gains
    Gross
Unrealized
holding losses
    Estimated fair
value
 
Short-term investments:                                
Certificates of Deposit   $ 17,185,953     $ -     $ -     $ 17,185,953  
Domestic Governmental Agency Loans     2,666,361       -       795       2,665,566  
U.S Treasury Notes     54,539,542       -       50,347       54,489,195  
Total short-term investment securities   $ 74,391,856     $ -     $ 51,142     $ 74,340,714  

 

    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