Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Apr. 30, 2015 | Jul. 07, 2015 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Apr. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | REALBIZ MEDIA GROUP, INC | |
Entity Central Index Key | 1,430,523 | |
Current Fiscal Year End Date | --10-31 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | RBIZ | |
Entity Common Stock, Shares Outstanding | 111,762,851 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Apr. 30, 2015 | Oct. 31, 2014 |
Current Assets | ||
Cash | $ 117,642 | $ 20,066 |
Accounts receivable, net of allowance for doubtful accounts | 102,991 | 118,408 |
Prepaid expenses | 3,300 | 3,300 |
Total current assets | 223,933 | 141,774 |
Property and equipment, net | 51,282 | 45,778 |
Website development costs and intangible assets, net | 2,759,592 | 3,701,144 |
Due from affiliates | 139,598 | 131,086 |
Total assets | 3,174,405 | 4,019,782 |
Current Liabilities | ||
Accounts payable and accrued expenses | 1,926,376 | 1,880,294 |
Deferred revenue | 26,262 | 45,565 |
Derivative liabilities | 217,362 | 305,220 |
Convertible notes payable, net of discount of $-0- and $-0-, respectively | 0 | 60,000 |
Loans payable | 235,000 | 170,000 |
Total current liabilities | 2,405,000 | 2,461,079 |
Convertible notes payable - long term, net of discount of $775,187 and $147,395, respectively | 504,813 | 2,605 |
Total liabilities | 2,909,813 | 2,463,684 |
Stockholders' Equity | ||
Common stock, $.001 par value; 250,000,000 authorized, 106,803,524 and 84,980,282 shares issued and outstanding at April 30, 2015 and October 31, 2014, respectively | 106,803 | 84,980 |
Additional paid-in-capital | 16,954,766 | 15,453,329 |
Subscription advances | 0 | 130,000 |
Accumulated other comprehensive income | 5,889 | 34,036 |
Accumulated deficit | (16,879,823) | (14,250,558) |
Total RealBiz Media Group, Inc. stockholders' equity | 238,221 | 1,518,589 |
Noncontrolling interest | 26,371 | 37,509 |
Total stockholders' equity | 264,592 | 1,556,098 |
Total liabilities and stockholders' equity | 3,174,405 | 4,019,782 |
Series A Preferred Stock [Member] | ||
Stockholders' Equity | ||
Preferred Stock Value | 50,571 | 66,802 |
Series B Preferred Stock [Member] | ||
Stockholders' Equity | ||
Preferred Stock Value | $ 15 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Apr. 30, 2015 | Oct. 31, 2014 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 250,000,000 | 250,000,000 |
Common stock, shares, issued | 106,803,524 | 84,980,282 |
Common stock, shares outstanding | 106,803,524 | 84,980,282 |
Discount on Convertible notes payable, current (in dollars) | $ 0 | $ 0 |
Discount on Convertible notes payable, Non current (in dollars) | $ 775,187 | $ 147,395 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 120,000,000 | 120,000,000 |
Preferred Stock, shares issued | 50,570,726 | 66,801,653 |
Preferred stock, shares outstanding | 50,570,726 | 66,801,653 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred Stock, shares issued | 15,000 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 3 Months Ended | 6 Months Ended | ||
Apr. 30, 2015 | Apr. 30, 2014 | Apr. 30, 2015 | Apr. 30, 2014 | |
Revenues | ||||
Real estate media revenue | $ 321,388 | $ 252,560 | $ 614,044 | $ 498,614 |
Operating expenses | ||||
Cost of revenue (exclusive of amortization) | 14,830 | 17,135 | 27,464 | 39,125 |
Technology and development | 172,448 | 140,035 | 337,799 | 140,035 |
Salaries and benefits | 292,998 | 241,457 | 624,715 | 494,370 |
Selling and promotions expense | 177,592 | 117,704 | 216,687 | 205,748 |
Amortization | 509,109 | 406,389 | 1,018,218 | 750,726 |
General and administrative | 431,155 | 353,611 | 1,057,278 | 1,351,001 |
Total operating expenses | 1,598,132 | 1,276,331 | 3,282,161 | 2,981,005 |
Operating loss | (1,276,744) | (1,023,771) | (2,668,117) | (2,482,391) |
Other income (expense) | ||||
Interest expense | (184,305) | (444) | (233,690) | (1,314) |
Gain on change on fair value of derivatives | 354,268 | 0 | 87,858 | 0 |
Gain on legal settlement of accounts payable | 3,776 | 0 | 36,259 | 0 |
Foreign exchange gain (loss) | 11,923 | (23,219) | 21,536 | (15,707) |
Other income (expense) | (3,102) | 177,689 | (3,102) | 177,689 |
Total other income (expense) | 182,560 | 154,026 | (91,139) | 160,668 |
Net loss | (1,094,184) | (869,745) | (2,759,256) | (2,321,723) |
Net loss attributable to the noncontrolling interest | 57,182 | 32,526 | 129,991 | 70,607 |
Net loss attributable to RealBiz Media Group, Inc. | (1,037,002) | (837,219) | (2,629,265) | (2,251,116) |
Preferred Stock Dividend | 0 | (114,632) | 0 | (233,128) |
Net loss attributable to common shareholders | $ (1,037,002) | $ (951,851) | $ (2,629,265) | $ (2,484,244) |
Weighted average number of shares outstanding (in shares) | 103,674,766 | 59,420,260 | 95,503,396 | 56,905,729 |
Basic and diluted net loss per share (in dollars per share) | $ (0.01) | $ (0.02) | $ (0.03) | $ (0.04) |
Comprehensive loss: | ||||
Unrealized gain (loss) on currency translation adjustment | $ (36,210) | $ (138,341) | $ (28,147) | $ 67,188 |
Comprehensive loss | $ (1,073,212) | $ (1,090,192) | $ (2,657,412) | $ (2,417,056) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 6 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Cash flows from operating activities: | ||
Net loss attributable to RealBiz Media Group, Inc. common stock | $ (2,629,265) | $ (2,251,116) |
Adjustments to reconcile net loss to net cash from operating activities: | ||
Noncontrolling interest in loss of consolidated subsidiaries | (129,991) | (70,607) |
Amortization and depreciation | 1,187,131 | 761,136 |
Gain on legal settlement of debt | (36,259) | 0 |
Gain on change in fair value of derivative liabilities | (87,858) | 0 |
Stock based compensation and consulting fees | 487,780 | 717,086 |
Changes in operating assets and liabilities: | ||
Increase in accounts receivable | 15,417 | 20,888 |
Increase in prepaid expenses | 0 | (2,778) |
Increase in security deposits | 0 | 345 |
Increase in accounts payable and accrued expenses | 114,375 | 54,988 |
Decrease in due to/from affiliates | 11,791 | (1,077,760) |
(Decrease) Increase in deferred revenue | (19,303) | 7,016 |
Net cash used in operating activities | (1,086,182) | (1,840,802) |
Cash flows from investing activities: | ||
Purchase of computer equipment | (17,688) | (3,321) |
Payments towards software developments costs | (85,407) | 0 |
Payments towards website development costs | 0 | (281,190) |
Net cash used in investing activities | (103,095) | (284,511) |
Cash flows from financing activities: | ||
Proceeds from loans payable | 75,000 | 0 |
Proceeds from convertible promissory notes | 1,130,000 | 0 |
Payments applied to loans payable | (10,000) | (18,039) |
Proceeds from subscription advances | 0 | 200,000 |
Proceeds from the sale of common stock and warrants | 120,000 | 435,100 |
Proceeds from the exercise of outstanding warrants | 0 | 160,000 |
Net cash provided by financing activities | 1,315,000 | 777,061 |
Effect of exchange rate changes on cash | (28,147) | 67,188 |
Net increase (decrease) in cash | 97,576 | (1,281,064) |
Cash at beginning of period | 20,066 | 1,304,374 |
Cash at end of period | 117,642 | 23,310 |
Supplemental disclosure: | ||
Cash paid for interest | 0 | 1,314 |
Supplemental disclosure of non-cash investing and financing activity: | ||
Preferred stock dividends accrued, Value | 0 | 233,128 |
Value of shares issued | 60,000 | |
Common Stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 30,000 | $ 13,500 |
Conversion of Stock, Shares Issued | 100,000 | 27,000 |
Shares | 600,000 | |
Warrant [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Shares Issued | 100,000 | 9,000 |
Warrant Issued [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 0 | $ 4,809,308 |
Conversion of Stock, Shares Issued | 0 | 12,000,000 |
Preferred Series A shares converted to common stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 729,087 | $ 0 |
Conversion of Stock, Shares Issued | 3,314,030 | 0 |
Convertible Promissory Notes [Member] | Common Stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Shares | 600,000 | |
Preferred Series B shares converted to common stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 485,000 | $ 404,750 |
Conversion of Stock, Shares Issued | 2,900,000 | 8,095,000 |
Value of shares issued | $ 100,000 | $ 0 |
Value of Next 1, Interactive debt settled | $ 30,000 | $ 0 |
Shares | 26,000 | 0 |
Preferred Series C shares converted to common stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 409,750 | $ 0 |
Conversion of Stock, Shares Issued | 3,645,000 | 0 |
Preferred Series D shares converted to common stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 407,995 | $ 122,625 |
Conversion of Stock, Shares Issued | 2,719,862 | 817,418 |
Promissory notes converted to common stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 392,000 | $ 80,000 |
Conversion of Stock, Shares Issued | 4,100,000 | 1,600,000 |
Common stock issued for accrued interest on convertible promissory notes [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 32,033 | $ 0 |
Conversion of Stock, Shares Issued | 320,333 | 0 |
Conversion of Series A Preferred shares to Preferred Shares and Debt [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 1,639,787 | $ 0 |
Conversion of Stock, Shares Issued | 16,230,927 | 0 |
Common stock issued for conversion of promissory notes [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 60,000 | $ 0 |
Conversion of Stock, Shares Issued | 600,000 | 0 |
Common stock retired [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 750 | $ 0 |
Conversion of Stock, Shares Issued | 750,000 | 0 |
Conversion of Series B Preferred shares to common stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Amount Issued | $ 55,000 | $ 0 |
Conversion of Stock, Shares Converted | 11,000 | 0 |
Conversion of Series B Preferred shares to common stock [Member] | Common Stock [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Shares Issued | 1,100,000 | 0 |
Conversion of Series B Preferred shares to common stock [Member] | Warrant [Member] | ||
Supplemental disclosure of non-cash investing and financing activity: | ||
Conversion of Stock, Shares Issued | 1,100,000 | 0 |
NATURE OF BUSINESS AND BASIS OF
NATURE OF BUSINESS AND BASIS OF PRESENTATION | 6 Months Ended |
Apr. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1: NATURE OF BUSINESS AND BASIS OF PRESENTATION Nature of Business RealBiz Media Group, Inc. ("RealBiz") is engaged in the business of providing digital media and marketing services for the real estate industry. RealBiz currently generates revenue from advertising revenues and through real estate agent and broker service fees, membership fees and product sales. Basis of Presentation The unaudited interim consolidated financial information furnished herein reflects all adjustments, consisting only of normal recurring items, which in the opinion of management are necessary to fairly state RealBiz Media Group, Inc. and its subsidiaries’ (collectively, the “Company” or “we,” “us” or “our”) financial position, results of operations and cash flows for the dates and periods presented and to make such information is not misleading. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”); nevertheless, management of the Company believes that the disclosures herein are adequate to make the information presented not misleading. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended October 31, 2014, contained in the Company’s Annual Report on Form 10-K filed with the SEC on February 13, 2015. The results of operations for the three and six months ended April 30, 2015, are not necessarily indicative of results to be expected for any other interim period or the fiscal year ending October 31, 2015. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Apr. 30, 2015 | |
Accounting Policies [Abstract] | |
Business Description and Accounting Policies [Text Block] | NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The preparation of unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial condition and results of operations could be materially impacted. For purposes of balance sheet presentation and reporting of cash flows, the Company considers all unrestricted demand deposits, money market funds and highly liquid debt instruments with an original maturity of less than 90 days to be cash and cash equivalents. There were no cash equivalents at April 30, 2015 and October 31, 2014. The Company provides its marketing and promotional services to agents or brokers via a web-based portal that allows for credit card payments. The Company recognizes accounts receivable for amounts uncollected from the credit card service provider at the end of the accounting period. The Company regularly reviews outstanding receivables and provides for estimated losses through an allowance for doubtful accounts. In evaluating the level of established loss reserves, the Company makes judgments regarding its customers’ ability to make required payments, economic events and other factors. As the financial condition of these parties change, circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required. The Company maintains reserves for potential credit losses, and such losses traditionally have been within its expectations. The allowance for doubtful accounts at April 30, 2015 and October 31, 2014, respectively is $-0-. All expenditures on the acquisition for property and equipment are recorded at cost and capitalized as incurred, provided the asset benefits the Company for a period of more than one year. Expenditures on routine repairs and maintenance of property and equipment are charged directly to operating expense. The property and equipment is depreciated based upon its estimated useful life after being placed in service. The estimated useful life of computer equipment is 3 12,184 10,410 In accordance with Accounting Standards Codification 360-10, “Property, Plant and Equipment”, the Company periodically reviews its long- lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. As of April 30, 2015, the Company did not impair any long-lived assets. The Company accounts for website development costs in accordance with Accounting Standards Codification 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day to day operation of the website are expensed as incurred. The Company capitalizes internal software development costs subsequent to establishing technological feasibility of a software application in accordance with guidelines established by "ASC 985-20-25" Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed, requiring certain software development costs to be capitalized upon the establishment of technological feasibility. The establishment of technological feasibility and the ongoing assessment of the recoverability of these costs require considerable judgment by management with respect to certain external factors such as anticipated future revenue, estimated economic life, and changes in software and hardware technologies. Amortization of the capitalized software development costs begins when the product is available for general release to customers. Capitalized costs are amortized based on the greater of (a) the ratio of current gross revenues to the total current and anticipated future gross revenues, or (b) the straight-line method over the remaining estimated economic life of the product and is included in operating expenses in the accompanying statement of operations. For the six months ended April 30, 2015, the Company has capitalized $ 36,310 49,097 8,741 0 In accordance with ASC 350-30-65 “Goodwill and Other Intangible Assets", the Company assesses the impairment of identifiable intangible assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers to be important which could trigger an impairment review include the following: 1. Significant underperformance compared to historical or projected future operating results; 2. Significant changes in the manner or use of the acquired assets or the strategy for the overall business; and 3. Significant negative industry or economic trends. When the Company determines that the carrying value of an intangible may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flow, the Company records an impairment charge equal to the amount that the book value exceeds fair value. The Company measures fair value based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent to the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows. The Company did not consider it necessary to record an impairment charge on its intangible assets during the six months ended April 30, 2015 and 2014. Intellectual properties that have finite useful lives are amortized over their useful lives. The Company incurred amortization expense related to website development costs and other intangible assets of $ 1,018,218 750,726 The Company allocated the amortization of the Nestbuilder website and software development costs for the six months ending April 30, 2015 and 2014 of $ 263,285 62,052 754,933 The Company enters into financing arrangements that consist of freestanding derivative instruments or are hybrid instruments that contain embedded derivative features. The Company accounts for these arrangements in accordance with Accounting Standards Codification topic 815, Accounting for Derivative Instruments and Hedging Activities (“ASC 815”) as well as related interpretations of this standard. In accordance with this standard, derivative instruments are recognized as either assets or liabilities in the balance sheet and are measured at fair values with gains or losses recognized in earnings. Embedded derivatives that are not clearly and closely related to the host contract are bifurcated and are recognized at fair value with changes in fair value recognized as either a gain or loss in earnings. The Company determines the fair value of derivative instruments and hybrid instruments based on available market data using appropriate valuation models, considering all of the rights and obligations of each instrument. The Company estimates fair values of derivative financial instruments using various techniques (and combinations thereof) that are considered consistent with the objective measuring fair values. In selecting the appropriate technique, the Company considers, among other factors, the nature of the instrument, the market risks that it embodies and the expected means of settlement. For less complex derivative instruments, such as freestanding warrants, the Company generally uses the Black-Scholes model, adjusted for the effect of dilution, because it embodies all of the requisite assumptions (including trading volatility, estimated terms, dilution and risk free rates) necessary to fair value these instruments. Estimating fair values of derivative financial instruments requires the development of significant and subjective estimates that may, and are likely to, change over the duration of the instrument with related changes in internal and external market factors. In addition, option-based techniques (such as Black-Scholes model) are highly volatile and sensitive to changes in the trading market price of our common stock. Since derivative financial instruments are initially and subsequently carried at fair values, our income (expense) going forward will reflect the volatility in these estimates and assumption changes. Under the terms of the new accounting standard, increases in the trading price of the Company’s common stock and increases in fair value during a given financial quarter result in the application of non-cash derivative expense. Conversely, decreases in the trading price of the Company’s common stock and decreases in trading fair value during a given financial quarter result in the application of non-cash derivative income. Based upon ASC 815-25 the Company has adopted a sequencing approach regarding the application of ASC 815-40 to its outstanding convertible debentures. Pursuant to the sequencing approach, the Company evaluates its contracts based upon earliest issuance date. The Company records debt net of debt discount for beneficial conversion features and warrants, on a relative fair value basis. Beneficial conversion features are recorded pursuant to the Beneficial Conversion and Debt Topics of the FASB Accounting Standards Codification. The amounts allocated to warrants and beneficial conversion rights are recorded as debt discount and as additional paid-in-capital. Debt discount is amortized to interest expense over the life of the debt. The Company adopted ASC topic 820, “Fair Value Measurements and Disclosures” (ASC 820), formerly SFAS No. 157 “Fair Value Measurements,” effective January 1, 2009. ASC 820 defines “fair value” as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There was no impact relating to the adoption of ASC 820 to the Company’s unaudited consolidated financial statements. ASC 820 also describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Financial instruments consist principally of cash, accounts receivable, prepaid expenses, due from affiliates, accounts payable, accrued liabilities and other current liabilities. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short- term nature. The fair value of long-term debt is based on current rates at which the Company could borrow funds with similar remaining maturities. The carrying amounts approximate fair value. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments. The Company recognizes revenue when all of the following criteria are met: (1) persuasive evidence of an arrangement exits; (2) delivery has occurred or services have been rendered; (3) the Company's price to its customer is fixed or determinable and (4) collectability is reasonably assured. The Company provides its marketing and promotional services to agents or brokers via a web-based portal that allows for credit card payments. Customers may pay a monthly recurring fee or an annual fee. Some customers additionally pay a one-time set up fee. Monthly recurring fees are recognized in the month the service is rendered. Collection of one-time set up fees and annual services fees give rise to recognized monthly revenue in the then-current month as well as deferred revenue liabilities representing the collected fee for services yet to be delivered. Cost of revenues includes costs attributable to services sold and delivered. These costs include such items as credit card fees, sales commission to business partners, expenses related to our participation in industry conferences, and public relations expenses. Costs to research and develop our products are expensed as incurred. These costs consist primarily of technology and development related expenses including third party contractor fees and technology software services. Technology and development also includes amortization of capitalized costs of the Nestbuilder website associated with the development of our marketplace and software development costs. The amortization of the Nestbuilder website and software development costs for the six months ending April 30, 2015 and 2014 is $ 263,285 62,052 Advertising costs are charged to expense as incurred and are included in selling and promotions expense in the accompanying unaudited consolidated financial statements. Advertising expense for the six months ended April 30, 2015 and 2014 was $ 94,386 55,290 The Company computes share based payments in accordance with Accounting Standards Codification 718-10 “Compensation” (ASC 718-10). ASC 718-10 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods and services at fair value, focusing primarily on accounting for transactions in which an entity obtains employees services in share-based payment transactions. It also addresses transactions in which an entity incurs liabilities in exchange for goods and services that are based on the fair value of an entity’s equity instruments or that may be settled by the issuance of those equity instruments. In March 2005, the SEC issued SAB No. 107, Share-Based Payment (“SAB 107”) which provides guidance regarding the interaction of ASC 718-10 and certain SEC rules and regulations. The Company has applied the provisions of SAB 107 in its adoption of ASC 718-10. The Company accounts for non-employee share-based awards in accordance with ASC Topic 505-50, Equity Based Payments to Non-Employees. The Company estimates the fair value of stock options by using the Black-Scholes option pricing model. The functional currency of our foreign subsidiaries is typically the applicable local currency. The translation from the respective foreign currencies to United States Dollars (U.S. Dollar) is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income statement accounts using a weighted average exchange rate during the period. Gains or losses resulting from such translation are included as a separate component of accumulated other comprehensive income. Gains or losses resulting from foreign currency transactions are included in foreign currency income or loss except for the effect of exchange rates on long-term inter-company transactions considered to be a long-term investment, which are accumulated and credited or charged to other comprehensive income. Transaction gains and losses are recognized in our results of operations based on the difference between the foreign exchange rates on the transaction date and on the reporting date. We recognized net foreign exchange loss and gain of $ 21,536 15,707 28,147 67,188 Foreign Currency and Other Comprehensive Income (Loss) (continued) The exchange rate adopted for the foreign exchange transactions are the rates of exchange as quoted on an OANDA, a Canadian-based foreign exchange company providing currency conversion, online retail foreign exchange trading, online foreign currency transfers, and forex information, internet website. Translation of amount from Canadian dollars into United States dollars was made at the following exchange rates for the respective periods: · As of April 30, 2015 - Canadian dollar $ 0.83180 · For the six months ended April 30, 2015 - Canadian dollar $0.84782 to US $1.00 The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes. Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities and net operating loss and tax credit carryforwards given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740. ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the unaudited consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Diluted loss per common share is considered to be equal to basic because it is anti-dilutive. April 30, Series A convertible preferred stock issued and outstanding 50,570,726 Series B convertible preferred stock issued and outstanding 300,000 Series C convertible preferred stock issued and outstanding -0- Warrants to purchase common stock issued, outstanding and exercisable 4,244,530 Shares on convertible promissory notes 13,017,079 68,132,335 The Company’s operations are related to the real estate industry and its prospects for success are tied indirectly to interest rates and the general housing and business climates in the United States. Certain reclassifications have been made in the unaudited consolidated financial statements for comparative purposes. These reclassifications have no effect on the results of operations or financial position of the Company. During the current fiscal quarter the Company discovered that it has not been properly reporting a non-controlling interest in one of its subsidiaries. The effect of this was that the consolidated balance sheet at October 31, 2014 did not include a caption in the stockholders’ equity section for non-controlling interest for $ 37,509 1,518,589 1,556,098 Also, additional paid in capital was overstated by $ 1,157,583 6,006 1,126,080 37,509 129,991 70,607 4,000,000 15 Additional paid in capital Additional paid in capital Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $16,610,912 ($1,157,583) $15,453,329 Accumulated other comprehensive income Accumulated other comprehensive Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $40,042 ($6,006) $34,036 Accumulated Deficit as Accumulated Deficit as Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 ($15,376,638) $1,126,080 ($14,250,558) Noncontrolling interest Noncontrolling interest Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $-0- $37,509 $37,509 Net loss attributable to common stockholders Net loss attributable to common Originally Reported for the six months ended Adjustment Adjusted for the six months ($2,554,851) ($70,607) ($2,484,244) Net loss attributable to common stockholders Net loss attributable to common Originally Reported for the three months Adjustment Adjusted for the three months ($984,377) ($32,526) ($951,851) Recently Issued Accounting Pronouncements We have implemented all new relevant accounting pronouncements that are in effect through the date of these financial statements. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and we do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Apr. 30, 2015 | |
Going Concern [Abstract] | |
Going Concern Disclosure [Text Block] | NOTE 3: GOING CONCERN The accompanying unaudited consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred net losses of $ 2,759,256 2,181,067 16,879,823 In order to meet its working capital needs through the next twelve months, the Company may consider plans to raise additional funds through the issuance of additional shares of common or preferred stock and or through the issuance of debt instruments. Although the Company intends to obtain additional financing to meet its cash needs, the Company may be unable to secure any additional financing on terms that are favorable or acceptable to it, if at all. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 6 Months Ended |
Apr. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | Note 4: Property and Equipment At April 30, 2015, the Company's property and equipment are as follows: April 30, 2015 Remaining Accumulated Net Carrying Useful Life Cost Depreciation Value Computer equipment - office 1.9 Years $ 40,569 $ 15,056 $ 25,513 Computer equipment - Nestbuilder website 1.8 Years 42,149 16,380 25,769 $ 82,718 $ 31,436 $ 51,282 During the six months April 30, 2015, the Company purchased $17,688 of computer equipment of which it placed in service. Computer equipment is depreciated using the straight line method of its estimated useful life of three years. Depreciation expense related to the computer equipment was $12,184 and $10,410 for the six months ended April 30, 2015 and 2014, respectively. There was no property and equipment impairment recorded for the six months ended April 30, 2015 and 2014. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 6 Months Ended |
Apr. 30, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets Disclosure [Text Block] | NOTE 5: INTANGIBLE ASSETS April 30, 2015 Remaining Accumulated Net Carrying Useful Life Cost Amortization Value Sales/Marketing agreement 1.0 Years $ 4,796,178 $ 3,443,370 $ 1,352,808 Website development costs 1.9 Years 1,527,307 549,383 977,924 Web platform/customer relationships - ReachFactor acquisition 2.0 Years 600,000 299,996 300,004 Software development costs 2.8 Years 137,597 8,741 128,856 $ 7,061,082 $ 4,301,490 $ 2,759,592 For the six months ended April 30, 2015, the Company has capitalized $ 36,310 49,097 3 8,741 0 Intangible assets are amortized on a straight-line basis over their expected useful lives, estimated to be 4 3 1,018,218 750,726 |
ACCOUNTS PAYABLE AND ACCRUED EX
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | 6 Months Ended |
Apr. 30, 2015 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 6: ACCOUNTS PAYABLE AND ACCRUED EXPENSES April 30, Trade payables and accruals $ 255,079 Accrued preferred stock dividends 915,447 Accrued payroll and commissions 542,875 Other liabilities 212,975 Total accounts payable and accrued expenses $ 1,926,376 |
DUE FROM_TO AFFILIATES
DUE FROM/TO AFFILIATES | 6 Months Ended |
Apr. 30, 2015 | |
Receivables [Abstract] | |
Due to and from Broker-Dealers and Clearing Organizations Disclosure [Text Block] | NOTE 7: DUE FROM/TO AFFILIATES During the normal course of business, the Company receives and/or makes advances for operating expenses to/from its parent Company, Next 1 Interactive, Inc. As of April 30, 2015, the Company is due $139,598 as a result of such transactions. |
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE | 6 Months Ended |
Apr. 30, 2015 | |
Debt Disclosure [Abstract] | |
Convertible Notes Payable [Text Block] | NOTE 8: CONVERTIBLE NOTES PAYABLE During the six months ended April 30, 2015, the Company: · Between December 2014 and April 2015, the Company received $ 1,130,000 12 0.10 The Company evaluated the conversion feature of the promissory notes and determined the Company's common stock exceeded the conversion price as stated in each of the convertible promissory notes. Management determined that the favorable exercise price represented a beneficial conversion feature. Using the intrinsic value method at the convertible promissory note date, a total discount of $ 775,780 110,883 Stated interest charged to operations relating to these notes for the six months ended April 30, 2015 and 2014 amounted to $ 85,700 0 60,000, 600,000 1,130,000 664,897 · On October 20, 2014, the Company issued a two (2) year, 7.5 150,000 95,000 55,000 300,000 14,760 0.001 0.17 0.94 1.51 0 115.05 124.65 1.5 0.20 65 Additionally, the Company accounted for the embedded conversion option liability in accordance with Accounting Standards Codification topic 815, Accounting for Derivative Instruments and Hedging Activities (“ASC 815”) as well as related interpretation of this standard. In accordance with this standard, derivative instruments are recognized as either assets or liabilities in the balance sheet and are measured at fair values with gains or losses recognized in earnings. Embedded derivatives that are not clearly and closely related to the host contract are bifurcated and are recognized at fair value with changes in fair value recognized as either a gain or loss in earnings. The Company determined the fair value of derivative instruments and hybrid instruments based on available market data using appropriate valuation models, giving consideration to all of the rights and obligations of each instrument. The fair value of embedded conversion option liability at April 30, 2015 was valued using the Black-Scholes model, resulting in a fair value of $ 217,362 571,630 345,268 0 203.06 0.58 1.47 37,105 7,880 0 150,000 110,290 |
LOANS PAYABLE
LOANS PAYABLE | 6 Months Ended |
Apr. 30, 2015 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | NOTE 9: LOANS PAYABLE 75,000 10,000 Related party $ 65,000 Non-related party 170,000 $ 235,000 |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 6 Months Ended |
Apr. 30, 2015 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 10: STOCKHOLDERS’ EQUITY On July 31, 2014, the Board and the holders of a majority of the voting power of our shareholders approved an amendment to our articles of incorporation to increase our authorized shares of common stock to 250,000,000 from 125,000,000 120,000,000 100,000,000 1,000,000 1,000,000 375,000,000 250,000,000 0.001 0.001 1,000,000 0.001 1,000,000 0.001 Common Stock During the six months ended April 30, 2015, the Company: ⋅ issued 1,266,667 1,050,000 0.18 1.25 120,000 ⋅ issued 1,100,000 11,000 55,000 ⋅ issued 2,473,350 483,925 ⋅ issued 34,000 3,855 ⋅ issued 3,314,030 729,087 ⋅ issued 2,900,000 485,000 ⋅ issued 3,645,000 409,750 ⋅ issued 2,719,862 407,995 ⋅ issued 4,100,000 392,000 ⋅ issued 320,333 32,033 ⋅ issued 600,000 60,000 ⋅ issued 100,000 100,000 0.50 30,000 ⋅ evaluated the conversion feature of the convertible promissory notes and determined the Company's common stock exceeded the conversion price as stated in each of the convertible promissory notes representing a beneficial conversion feature. Using the intrinsic value method at the convertible promissory note date, a total discount of $ 775,780 ⋅ received 750,000 750 Common Stock Warrants At April 30, 2015, there were 4,244,530 0.14 99 3,900,000 15,034,328 Convertible Preferred Stock Series A On October 14, 2014, the Company filed a certificate of amendment pursuant to the July 31st, 2014 Board of Directors approval to increase the Preferred A shares from 100,000,000 120,000,000 50,570,726 001 10 1 1.00 In the event of (a) the sale, conveyance, exchange, exclusive license, lease or other disposition of all or substantially all of the intellectual property or assets of the Company, (b) any acquisition of the Company by means of consolidation, stock exchange, stock sale, merger of other form of corporate reorganization of the Company with any other entity in which the Company's stockholders prior to the consolidation or merger own less than a majority of the voting securities of the surviving entity, or (c) the winding up or dissolution of the Company, whether voluntary or involuntary (each such event in clause (a), (b) or (c) a "liquidation event"), the Board shall determine in good faith the amount legally available for distribution to stockholders after taking into account the distribution of assets among, or payment thereof over to, creditors of the Company (the "net assets available for distribution"). The holders of the Series A stock then outstanding shall be entitled to be paid out of the net assets available for Distribution (or the consideration received in such transaction) before any payment or distribution shall be made to the holders of any class of preferred stock ranking junior to the Series A Stock or to the Common Stock, an amount for each share of Series A Stock equal to all accrued and unpaid Preferred Dividends plus the Stated Value, as adjusted (the "Series A Liquidation Amount"). Accrued and declared preferred stock dividends on the outstanding preferred shares as of April 30, 2015 totaled $ 915,447 199,462 During the six months ended April 30, 2015, the Company. ⋅ retired 16,230,927 1,639,787 Convertible Preferred Stock Series B On July 31, 2014, the Company's Board of Directors approved the creation of a new Series B Preferred stock and on October 14, 2014 a certificate of designation was filed with the state of Delaware designating 1,000,000 0.001 5.00 0.05 15,000 10 0.05 In the event of (a) the sale, conveyance, exchange, exclusive license, lease or other disposition of all or substantially all of the intellectual property or assets of the Company, (b) any acquisition of the Company by means of consolidation, stock exchange, stock sale, merger of other form of corporate reorganization of the Company with any other entity in which the Company's stockholders prior to the consolidation or merger own less than a majority of the voting securities of the surviving entity, or (c) the winding up or dissolution of the Company, whether voluntary or involuntary (each such event in clause (a), (b) or (c) a "liquidation event"), the Board shall determine in good faith the amount legally available for distribution to stockholders after taking into account the distribution of assets among, or payment thereof over to, creditors of the Company (the "net assets available for distribution"). The holders of the Series B stock then outstanding shall be entitled to be paid out of the net assets available for Distribution (or the consideration received in such transaction) before any payment or distribution shall be made to the holders of any class of preferred stock ranking junior to the Series B Stock or to the Common Stock, an amount for each share of Series B Stock equal to all accrued and unpaid Preferred Dividends plus the Stated Value, as adjusted (the "Series B Liquidation Amount"). Preferred stock dividends accruing, but have not been declared, on the outstanding preferred shares as of April 30, 2015 were $ 7,610 During the six months ended April 30, 2015, the Company: ⋅ issued 26,000 1,250,000 0.01 0.05 130,000 100,000 30,000 ⋅ converted 11,000 1,100,000 55,000 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Apr. 30, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE 11: RELATED PARTY TRANSACTIONS During the six months ended April 30, 2015, the Company paid $800 a month in rent for office space on behalf of an officer of the Company, for Company use. Equity transactions with the Company's former parent are described in Note 10. |
FAIR VALUE MEASUREMENT AND DISC
FAIR VALUE MEASUREMENT AND DISCLOSURE | 6 Months Ended |
Apr. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | NOTE 12: FAIR VALUE MEASUREMENT AND DISCLOSURE The Company has adopted ASC 820, Fair Market Measurement and Disclosures Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Description Quoted Prices in Significant Other Significant Total Derivative liabilities $ -0- $ - $ 217,362 $ 217,362 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Apr. 30, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE 13: SUBSEQUENT EVENTS The Company has evaluated subsequent events occurring after the balance sheet date and has identified the following subsequent events and analyzing the transactions for proper accounting treatment: During May and June 2015, the Company: ⋅ On June 16, 2015, issued an unsecured convertible note with a face value of $ 500,000 two year 675,000 0.10 0.001 500,000 20,000 ⋅ there were 418,000 ⋅ there were 10,000 ⋅ there was 1,000,000 0.05 ⋅ there were 140,000 0.05 7,000 202,429 0.0494 10,000 ⋅ there were 80,000 ⋅ the Company is currently analyzing the above transactions for proper accounting treatment. ⋅ On June 18, 2015, the Company exchanged 3,115,000 90.0 885,000 25.5 15 100 ⋅ One June 18, 2015, the Company issued 1,570,000 ⋅ On May 5, 2015, the Company's Board of Directors approved the creation of a new Series C Preferred stock and on May 5, 2015, a certificate of designation was filed with the state of Delaware designating 1,000,000 0.001 5.00 0.05 0 10 Each holder of Series C stock shall be entitled to the number of votes equal to one hundred (100) votes for each shares of Common Stock into which the Series C Stock could be converted into. In the event of (a) the sale, conveyance, exchange, exclusive license, lease or other disposition of all or substantially all of the intellectual property or assets of the Company, (b) any acquisition of the Company by means of consolidation, stock exchange, stock sale, merger of other form of corporate reorganization of the Company with any other entity in which the Company's stockholders prior to the consolidation or merger own less than a majority of the voting securities of the surviving entity, or (c) the winding up or dissolution of the Company, whether voluntary or involuntary (each such event in clause (a), (b) or (c) a "liquidation event"), the Board shall determine in good faith the amount legally available for distribution to stockholders after taking into account the distribution of assets among, or payment thereof over to, creditors of the Company (the "net assets available for distribution"). The holders of the Series C stock then outstanding shall be entitled to be paid out of the net assets available for Distribution (or the consideration received in such transaction) before any payment or distribution shall be made to the holders of any class of preferred stock ranking junior to the Series C Stock or to the Common Stock, an amount for each share of Series C Stock equal to all accrued and unpaid Preferred Dividends plus the Stated Value, as adjusted (the "Series C Liquidation Amount"). Preferred stock dividends have not accrued or been declared since there were no outstanding Series C preferred shares as of April 30, 2015. On June 19, 2015, the Company entered into an employment agreement with Thomas Grbelja pursuant to which Mr. Grbelja will serve as the Chief Financial Officer of the Company, effective June 23, 2015. ⋅ On July 3, 2015, the Company terminated the employment of its Chief Revenue Officer - Steven Marques. |
SUMMARY OF SIGNIFICANT ACCOUN19
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Apr. 30, 2015 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial condition and results of operations could be materially impacted. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents For purposes of balance sheet presentation and reporting of cash flows, the Company considers all unrestricted demand deposits, money market funds and highly liquid debt instruments with an original maturity of less than 90 days to be cash and cash equivalents. There were no cash equivalents at April 30, 2015 and October 31, 2014. |
Trade and Other Accounts Receivable, Policy [Policy Text Block] | Accounts Receivable The Company provides its marketing and promotional services to agents or brokers via a web-based portal that allows for credit card payments. The Company recognizes accounts receivable for amounts uncollected from the credit card service provider at the end of the accounting period. The Company regularly reviews outstanding receivables and provides for estimated losses through an allowance for doubtful accounts. In evaluating the level of established loss reserves, the Company makes judgments regarding its customers’ ability to make required payments, economic events and other factors. As the financial condition of these parties change, circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required. The Company maintains reserves for potential credit losses, and such losses traditionally have been within its expectations. The allowance for doubtful accounts at April 30, 2015 and October 31, 2014, respectively is $-0-. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment All expenditures on the acquisition for property and equipment are recorded at cost and capitalized as incurred, provided the asset benefits the Company for a period of more than one year. Expenditures on routine repairs and maintenance of property and equipment are charged directly to operating expense. The property and equipment is depreciated based upon its estimated useful life after being placed in service. The estimated useful life of computer equipment is 3 12,184 10,410 |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets In accordance with Accounting Standards Codification 360-10, “Property, Plant and Equipment”, the Company periodically reviews its long- lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. As of April 30, 2015, the Company did not impair any long-lived assets. |
Website Development Costs [Policy Text Block] | Website Development Costs The Company accounts for website development costs in accordance with Accounting Standards Codification 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day to day operation of the website are expensed as incurred. |
Software to be Sold, Leased, or Otherwise Marketed, Policy [Policy Text Block] | Software Development Costs The Company capitalizes internal software development costs subsequent to establishing technological feasibility of a software application in accordance with guidelines established by "ASC 985-20-25" Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed, requiring certain software development costs to be capitalized upon the establishment of technological feasibility. The establishment of technological feasibility and the ongoing assessment of the recoverability of these costs require considerable judgment by management with respect to certain external factors such as anticipated future revenue, estimated economic life, and changes in software and hardware technologies. Amortization of the capitalized software development costs begins when the product is available for general release to customers. Capitalized costs are amortized based on the greater of (a) the ratio of current gross revenues to the total current and anticipated future gross revenues, or (b) the straight-line method over the remaining estimated economic life of the product and is included in operating expenses in the accompanying statement of operations. For the six months ended April 30, 2015, the Company has capitalized $ 36,310 49,097 8,741 0 |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Other Intangible Assets In accordance with ASC 350-30-65 “Goodwill and Other Intangible Assets", the Company assesses the impairment of identifiable intangible assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers to be important which could trigger an impairment review include the following: 1. Significant underperformance compared to historical or projected future operating results; 2. Significant changes in the manner or use of the acquired assets or the strategy for the overall business; and 3. Significant negative industry or economic trends. When the Company determines that the carrying value of an intangible may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flow, the Company records an impairment charge equal to the amount that the book value exceeds fair value. The Company measures fair value based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent to the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows. The Company did not consider it necessary to record an impairment charge on its intangible assets during the six months ended April 30, 2015 and 2014. Intellectual properties that have finite useful lives are amortized over their useful lives. The Company incurred amortization expense related to website development costs and other intangible assets of $ 1,018,218 750,726 The Company allocated the amortization of the Nestbuilder website and software development costs for the six months ending April 30, 2015 and 2014 of $ 263,285 62,052 754,933 |
Derivatives, Policy [Policy Text Block] | Derivative Instruments The Company enters into financing arrangements that consist of freestanding derivative instruments or are hybrid instruments that contain embedded derivative features. The Company accounts for these arrangements in accordance with Accounting Standards Codification topic 815, Accounting for Derivative Instruments and Hedging Activities (“ASC 815”) as well as related interpretations of this standard. In accordance with this standard, derivative instruments are recognized as either assets or liabilities in the balance sheet and are measured at fair values with gains or losses recognized in earnings. Embedded derivatives that are not clearly and closely related to the host contract are bifurcated and are recognized at fair value with changes in fair value recognized as either a gain or loss in earnings. The Company determines the fair value of derivative instruments and hybrid instruments based on available market data using appropriate valuation models, considering all of the rights and obligations of each instrument. The Company estimates fair values of derivative financial instruments using various techniques (and combinations thereof) that are considered consistent with the objective measuring fair values. In selecting the appropriate technique, the Company considers, among other factors, the nature of the instrument, the market risks that it embodies and the expected means of settlement. For less complex derivative instruments, such as freestanding warrants, the Company generally uses the Black-Scholes model, adjusted for the effect of dilution, because it embodies all of the requisite assumptions (including trading volatility, estimated terms, dilution and risk free rates) necessary to fair value these instruments. Estimating fair values of derivative financial instruments requires the development of significant and subjective estimates that may, and are likely to, change over the duration of the instrument with related changes in internal and external market factors. In addition, option-based techniques (such as Black-Scholes model) are highly volatile and sensitive to changes in the trading market price of our common stock. Since derivative financial instruments are initially and subsequently carried at fair values, our income (expense) going forward will reflect the volatility in these estimates and assumption changes. Under the terms of the new accounting standard, increases in the trading price of the Company’s common stock and increases in fair value during a given financial quarter result in the application of non-cash derivative expense. Conversely, decreases in the trading price of the Company’s common stock and decreases in trading fair value during a given financial quarter result in the application of non-cash derivative income. Based upon ASC 815-25 the Company has adopted a sequencing approach regarding the application of ASC 815-40 to its outstanding convertible debentures. Pursuant to the sequencing approach, the Company evaluates its contracts based upon earliest issuance date. |
Debt, Policy [Policy Text Block] | Convertible Debt Instruments The Company records debt net of debt discount for beneficial conversion features and warrants, on a relative fair value basis. Beneficial conversion features are recorded pursuant to the Beneficial Conversion and Debt Topics of the FASB Accounting Standards Codification. The amounts allocated to warrants and beneficial conversion rights are recorded as debt discount and as additional paid-in-capital. Debt discount is amortized to interest expense over the life of the debt. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company adopted ASC topic 820, “Fair Value Measurements and Disclosures” (ASC 820), formerly SFAS No. 157 “Fair Value Measurements,” effective January 1, 2009. ASC 820 defines “fair value” as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There was no impact relating to the adoption of ASC 820 to the Company’s unaudited consolidated financial statements. ASC 820 also describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Financial instruments consist principally of cash, accounts receivable, prepaid expenses, due from affiliates, accounts payable, accrued liabilities and other current liabilities. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short- term nature. The fair value of long-term debt is based on current rates at which the Company could borrow funds with similar remaining maturities. The carrying amounts approximate fair value. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company recognizes revenue when all of the following criteria are met: (1) persuasive evidence of an arrangement exits; (2) delivery has occurred or services have been rendered; (3) the Company's price to its customer is fixed or determinable and (4) collectability is reasonably assured. The Company provides its marketing and promotional services to agents or brokers via a web-based portal that allows for credit card payments. Customers may pay a monthly recurring fee or an annual fee. Some customers additionally pay a one-time set up fee. Monthly recurring fees are recognized in the month the service is rendered. Collection of one-time set up fees and annual services fees give rise to recognized monthly revenue in the then-current month as well as deferred revenue liabilities representing the collected fee for services yet to be delivered. |
Cost of Sales, Policy [Policy Text Block] | Cost of Revenues Cost of revenues includes costs attributable to services sold and delivered. These costs include such items as credit card fees, sales commission to business partners, expenses related to our participation in industry conferences, and public relations expenses. |
Research and Development Expense, Policy [Policy Text Block] | Technology and Development Costs to research and develop our products are expensed as incurred. These costs consist primarily of technology and development related expenses including third party contractor fees and technology software services. Technology and development also includes amortization of capitalized costs of the Nestbuilder website associated with the development of our marketplace and software development costs. The amortization of the Nestbuilder website and software development costs for the six months ending April 30, 2015 and 2014 is $ 263,285 62,052 |
Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block] | Advertising Expense Advertising costs are charged to expense as incurred and are included in selling and promotions expense in the accompanying unaudited consolidated financial statements. Advertising expense for the six months ended April 30, 2015 and 2014 was $ 94,386 55,290 |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Share-Based Compensation The Company computes share based payments in accordance with Accounting Standards Codification 718-10 “Compensation” (ASC 718-10). ASC 718-10 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods and services at fair value, focusing primarily on accounting for transactions in which an entity obtains employees services in share-based payment transactions. It also addresses transactions in which an entity incurs liabilities in exchange for goods and services that are based on the fair value of an entity’s equity instruments or that may be settled by the issuance of those equity instruments. In March 2005, the SEC issued SAB No. 107, Share-Based Payment (“SAB 107”) which provides guidance regarding the interaction of ASC 718-10 and certain SEC rules and regulations. The Company has applied the provisions of SAB 107 in its adoption of ASC 718-10. The Company accounts for non-employee share-based awards in accordance with ASC Topic 505-50, Equity Based Payments to Non-Employees. The Company estimates the fair value of stock options by using the Black-Scholes option pricing model. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency and Other Comprehensive Income (Loss) The functional currency of our foreign subsidiaries is typically the applicable local currency. The translation from the respective foreign currencies to United States Dollars (U.S. Dollar) is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income statement accounts using a weighted average exchange rate during the period. Gains or losses resulting from such translation are included as a separate component of accumulated other comprehensive income. Gains or losses resulting from foreign currency transactions are included in foreign currency income or loss except for the effect of exchange rates on long-term inter-company transactions considered to be a long-term investment, which are accumulated and credited or charged to other comprehensive income. Transaction gains and losses are recognized in our results of operations based on the difference between the foreign exchange rates on the transaction date and on the reporting date. We recognized net foreign exchange loss and gain of $ 21,536 15,707 28,147 67,188 Foreign Currency and Other Comprehensive Income (Loss) (continued) The exchange rate adopted for the foreign exchange transactions are the rates of exchange as quoted on an OANDA, a Canadian-based foreign exchange company providing currency conversion, online retail foreign exchange trading, online foreign currency transfers, and forex information, internet website. Translation of amount from Canadian dollars into United States dollars was made at the following exchange rates for the respective periods: · As of April 30, 2015 - Canadian dollar $ 0.83180 · For the six months ended April 30, 2015 - Canadian dollar $0.84782 to US $1.00 |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes. Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities and net operating loss and tax credit carryforwards given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740. ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the unaudited consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Diluted loss per common share is considered to be equal to basic because it is anti-dilutive. April 30, Series A convertible preferred stock issued and outstanding 50,570,726 Series B convertible preferred stock issued and outstanding 300,000 Series C convertible preferred stock issued and outstanding -0- Warrants to purchase common stock issued, outstanding and exercisable 4,244,530 Shares on convertible promissory notes 13,017,079 68,132,335 |
Concentrations Risks and Uncertainties [Policy Text Block] | Concentrations, Risks and Uncertainties The Company’s operations are related to the real estate industry and its prospects for success are tied indirectly to interest rates and the general housing and business climates in the United States. |
Reclassification, Policy [Policy Text Block] | Certain reclassifications have been made in the unaudited consolidated financial statements for comparative purposes. These reclassifications have no effect on the results of operations or financial position of the Company. During the current fiscal quarter the Company discovered that it has not been properly reporting a non-controlling interest in one of its subsidiaries. The effect of this was that the consolidated balance sheet at October 31, 2014 did not include a caption in the stockholders’ equity section for non-controlling interest for $ 37,509 1,518,589 1,556,098 Also, additional paid in capital was overstated by $ 1,157,583 6,006 1,126,080 37,509 129,991 70,607 4,000,000 15 Additional paid in capital Additional paid in capital Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $16,610,912 ($1,157,583) $15,453,329 Accumulated other comprehensive income Accumulated other comprehensive Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $40,042 ($6,006) $34,036 Accumulated Deficit as Accumulated Deficit as Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 ($15,376,638) $1,126,080 ($14,250,558) Noncontrolling interest Noncontrolling interest Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $-0- $37,509 $37,509 Net loss attributable to common stockholders Net loss attributable to common Originally Reported for the six months ended Adjustment Adjusted for the six months ($2,554,851) ($70,607) ($2,484,244) Net loss attributable to common stockholders Net loss attributable to common Originally Reported for the three months Adjustment Adjusted for the three months ($984,377) ($32,526) ($951,851) |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements We have implemented all new relevant accounting pronouncements that are in effect through the date of these financial statements. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and we do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position or results of operations. |
SUMMARY OF SIGNIFICANT ACCOUN20
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended |
Apr. 30, 2015 | |
Accounting Policies [Abstract] | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | The Company’s common stock equivalents include the following: April 30, Series A convertible preferred stock issued and outstanding 50,570,726 Series B convertible preferred stock issued and outstanding 300,000 Series C convertible preferred stock issued and outstanding -0- Warrants to purchase common stock issued, outstanding and exercisable 4,244,530 Shares on convertible promissory notes 13,017,079 68,132,335 |
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | the following reclassification was made for the year ended October 31, 2014 and the three and six months ended April 30, 2014: Additional paid in capital Additional paid in capital Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $16,610,912 ($1,157,583) $15,453,329 Accumulated other comprehensive income Accumulated other comprehensive Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $40,042 ($6,006) $34,036 Accumulated Deficit as Accumulated Deficit as Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 ($15,376,638) $1,126,080 ($14,250,558) Noncontrolling interest Noncontrolling interest Originally Reported at October 31, 2014 Adjustment Adjusted at October 31, 2014 $-0- $37,509 $37,509 Net loss attributable to common stockholders Net loss attributable to common Originally Reported for the six months ended Adjustment Adjusted for the six months ($2,554,851) ($70,607) ($2,484,244) Net loss attributable to common stockholders Net loss attributable to common Originally Reported for the three months Adjustment Adjusted for the three months ($984,377) ($32,526) ($951,851) |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 6 Months Ended |
Apr. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | At April 30, 2015, the Company's property and equipment are as follows: April 30, 2015 Remaining Accumulated Net Carrying Useful Life Cost Depreciation Value Computer equipment - office 1.9 Years $ 40,569 $ 15,056 $ 25,513 Computer equipment - Nestbuilder website 1.8 Years 42,149 16,380 25,769 $ 82,718 $ 31,436 $ 51,282 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 6 Months Ended |
Apr. 30, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | The following table sets forth the intangible assets, both acquired and developed, including accumulated amortization: April 30, 2015 Remaining Accumulated Net Carrying Useful Life Cost Amortization Value Sales/Marketing agreement 1.0 Years $ 4,796,178 $ 3,443,370 $ 1,352,808 Website development costs 1.9 Years 1,527,307 549,383 977,924 Web platform/customer relationships - ReachFactor acquisition 2.0 Years 600,000 299,996 300,004 Software development costs 2.8 Years 137,597 8,741 128,856 $ 7,061,082 $ 4,301,490 $ 2,759,592 |
ACCOUNTS PAYABLE AND ACCRUED 23
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) | 6 Months Ended |
Apr. 30, 2015 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | At April 30, 2015, the Company’s accounts payable and accrued expenses are as follows: April 30, Trade payables and accruals $ 255,079 Accrued preferred stock dividends 915,447 Accrued payroll and commissions 542,875 Other liabilities 212,975 Total accounts payable and accrued expenses $ 1,926,376 |
LOANS PAYABLE (Tables)
LOANS PAYABLE (Tables) | 6 Months Ended |
Apr. 30, 2015 | |
Debt Disclosure [Abstract] | |
Schedule of Debt [Table Text Block] | During the six months ending April 30, 2015, the Company received $ 75,000 10,000 Related party $ 65,000 Non-related party 170,000 $ 235,000 |
FAIR VALUE MEASUREMENT AND DI25
FAIR VALUE MEASUREMENT AND DISCLOSURE (Tables) | 6 Months Ended |
Apr. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Schedule of Cash and Cash Equivalents [Table Text Block] | Fair Value Measurements at April 30, 2015 is summarized below: Description Quoted Prices in Significant Other Significant Total Derivative liabilities $ -0- $ - $ 217,362 $ 217,362 |
SUMMARY OF SIGNIFICANT ACCOUN26
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) | 6 Months Ended |
Apr. 30, 2015shares | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount | 68,132,335 |
Series A Convertible Preferred Stock [Member] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount | 50,570,726 |
Series B Convertible Preferred Stock [Member] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount | 300,000 |
Warrant [Member] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount | 4,244,530 |
Convertible Debt Securities [Member] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount | 13,017,079 |
SUMMARY OF SIGNIFICANT ACCOUN27
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Apr. 30, 2015 | Apr. 30, 2014 | Apr. 30, 2015 | Apr. 30, 2014 | Oct. 31, 2014 | |
Additional Paid in Capital | $ 16,954,766 | $ 16,954,766 | $ 15,453,329 | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total | 5,889 | 5,889 | 34,036 | ||
Retained Earnings (Accumulated Deficit), Total | (16,879,823) | (16,879,823) | (14,250,558) | ||
Stockholders' Equity Attributable to Noncontrolling Interest | 26,371 | 26,371 | 37,509 | ||
Net Income (Loss) Available to Common Stockholders, Basic, Total | (1,037,002) | $ (951,851) | $ (2,629,265) | $ (2,484,244) | |
Scenario, Previously Reported [Member] | |||||
Additional Paid in Capital | 16,610,912 | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total | 40,042 | ||||
Retained Earnings (Accumulated Deficit), Total | (15,376,638) | ||||
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | ||||
Net Income (Loss) Available to Common Stockholders, Basic, Total | $ (984,377) | (2,554,851) | |||
Restatement Adjustment [Member] | |||||
Additional Paid in Capital | 1,157,583 | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total | (6,006) | ||||
Retained Earnings (Accumulated Deficit), Total | 1,126,080 | ||||
Stockholders' Equity Attributable to Noncontrolling Interest | $ 37,509 | ||||
Net Income (Loss) Available to Common Stockholders, Basic, Total | $ (32,526) | $ (70,607) |
SUMMARY OF SIGNIFICANT ACCOUN28
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) | 1 Months Ended | 3 Months Ended | 6 Months Ended | |||
Jun. 18, 2015USD ($) | Apr. 30, 2015USD ($) | Apr. 30, 2014USD ($) | Apr. 30, 2015USD ($) | Apr. 30, 2014USD ($) | Oct. 31, 2014USD ($) | |
Summary Of Significant Accounting Policies [Line Items] | ||||||
Property, Plant and Equipment, Useful Life | 3 years | |||||
Foreign Currency Transaction Gain (Loss), before Tax, Total | $ 11,923 | $ (23,219) | $ 21,536 | $ (15,707) | ||
Advertising Expense | 94,386 | 55,290 | ||||
Depreciation | 12,184 | 10,410 | ||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | $ (36,210) | (138,341) | $ (28,147) | 67,188 | ||
Foreign Currency Exchange Rate, Translation | 0.83180 | 0.83180 | ||||
Description of Difference between Reported Amount and Reporting Currency Denominated Amount | Canadian dollar $0.84782 to US $1.00 | |||||
Amortization of Intangible Assets | $ 1,018,218 | 750,726 | ||||
Stockholders' Equity Attributable to Noncontrolling Interest | $ 26,371 | 26,371 | $ 37,509 | |||
Stockholders Equity Attributable to Parent, Total | 238,221 | 238,221 | 1,518,589 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 264,592 | 264,592 | 1,556,098 | |||
Additional Paid in Capital, Total | 16,954,766 | 16,954,766 | 15,453,329 | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total | 5,889 | 5,889 | 34,036 | |||
Retained Earnings (Accumulated Deficit), Total | (16,879,823) | (16,879,823) | (14,250,558) | |||
Net Income (Loss) Available to Common Stockholders, Basic, Total | (1,037,002) | (951,851) | (2,629,265) | (2,484,244) | ||
Subsequent Event [Member] | ||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 4,000,000 | |||||
Equity Method Investment, Ownership Percentage | 15.00% | |||||
Restatement Adjustment [Member] | ||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||
Stockholders' Equity Attributable to Noncontrolling Interest | 37,509 | |||||
Additional Paid in Capital, Total | 1,157,583 | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total | (6,006) | |||||
Retained Earnings (Accumulated Deficit), Total | $ 1,126,080 | |||||
Net Income (Loss) Available to Common Stockholders, Basic, Total | $ (32,526) | (70,607) | ||||
Marketing Applications [Member] | ||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||
Capitalized Computer Software, Net | 49,097 | 49,097 | ||||
Mobile App [Member] | ||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||
Capitalized Computer Software, Amortization | 36,310 | |||||
Capitalized Computer Software, Net | $ 36,310 | $ 36,310 | ||||
Computer Equipment [Member] | ||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||
Property, Plant and Equipment, Useful Life | 3 years | |||||
Depreciation | $ 12,184 | 10,410 | ||||
Nestbuilder website and software development [Member] | ||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||
Amortization of Intangible Assets | 263,285 | 62,052 | ||||
Technology And Development [Member] | ||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||
Capitalized Computer Software, Amortization | 263,285 | 62,052 | ||||
Amortization of Intangible Assets | 754,933 | |||||
Software Development [Member] | ||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||
Capitalized Computer Software, Amortization | $ 8,741 | $ 0 |
GOING CONCERN (Details Textual)
GOING CONCERN (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Apr. 30, 2015 | Apr. 30, 2014 | Apr. 30, 2015 | Apr. 30, 2014 | Oct. 31, 2014 | |
Going Concern [Line Items] | |||||
Net losses | $ 1,094,184 | $ 869,745 | $ 2,759,256 | $ 2,321,723 | |
Working capital deficit | 2,181,067 | 2,181,067 | |||
Accumulated deficit | $ 16,879,823 | $ 16,879,823 | $ 14,250,558 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | 6 Months Ended | |
Apr. 30, 2015 | Oct. 31, 2014 | |
Property, Plant and Equipment [Line Items] | ||
Remaining Useful Life | 3 years | |
Cost | $ 82,718 | |
Accumulated Depreciation | 31,436 | |
Net Carrying Value | $ 51,282 | $ 45,778 |
Computer Equipment Office [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Remaining Useful Life | 1 year 10 months 24 days | |
Cost | $ 40,569 | |
Accumulated Depreciation | 15,056 | |
Net Carrying Value | $ 25,513 | |
Computer Equipment Nestbuilder Website [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Remaining Useful Life | 1 year 9 months 18 days | |
Cost | $ 42,149 | |
Accumulated Depreciation | 16,380 | |
Net Carrying Value | $ 25,769 |
PROPERTY AND EQUIPMENT (Detai31
PROPERTY AND EQUIPMENT (Details Textual) - USD ($) | 6 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Property, Plant and Equipment [Line Items] | ||
Depreciation | $ 12,184 | $ 10,410 |
Payments to Acquire Machinery and Equipment | $ 17,688 | 3,321 |
Property, Plant and Equipment, Useful Life | 3 years | |
Computer Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Depreciation | $ 12,184 | $ 10,410 |
Payments to Acquire Machinery and Equipment | $ 17,688 | |
Property, Plant and Equipment, Useful Life | 3 years |
INTANGIBLE ASSETS (Details)
INTANGIBLE ASSETS (Details) - USD ($) | 6 Months Ended | |
Apr. 30, 2015 | Oct. 31, 2014 | |
Indefinite-lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Assets, Gross | $ 7,061,082 | |
Finite-Lived Intangible Assets, Accumulated Amortization | 4,301,490 | |
Finite-Lived Intangible Assets, Net, Total | $ 2,759,592 | $ 3,701,144 |
Sales or Marketing Agreement [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Weighted Average Remaining Useful Life | 1 year | |
Finite-Lived Intangible Assets, Gross | $ 4,796,178 | |
Finite-Lived Intangible Assets, Accumulated Amortization | 3,443,370 | |
Finite-Lived Intangible Assets, Net, Total | $ 1,352,808 | |
Website Development Costs [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Weighted Average Remaining Useful Life | 1 year 10 months 24 days | |
Finite-Lived Intangible Assets, Gross | $ 1,527,307 | |
Finite-Lived Intangible Assets, Accumulated Amortization | 549,383 | |
Finite-Lived Intangible Assets, Net, Total | $ 977,924 | |
Web Platform or Customer relationships ReachFactor Acquisition [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Weighted Average Remaining Useful Life | 2 years | |
Finite-Lived Intangible Assets, Gross | $ 600,000 | |
Finite-Lived Intangible Assets, Accumulated Amortization | 299,996 | |
Finite-Lived Intangible Assets, Net, Total | $ 300,004 | |
Software Development Cost (Not Placed in Service) [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Weighted Average Remaining Useful Life | 2 years 9 months 18 days | |
Finite-Lived Intangible Assets, Gross | $ 137,597 | |
Finite-Lived Intangible Assets, Accumulated Amortization | 8,741 | |
Finite-Lived Intangible Assets, Net, Total | $ 128,856 |
INTANGIBLE ASSETS (Details Text
INTANGIBLE ASSETS (Details Textual) - USD ($) | 6 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Indefinite-lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 3 years | |
Amortization of Intangible Assets | $ 1,018,218 | $ 750,726 |
Costs Incurred, Development Costs | $ 8,741 | 0 |
Website [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 4 years | |
Amortization of Intangible Assets | $ 1,018,218 | $ 750,726 |
Software Development Cost Not Placed in Service [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 3 years | |
Mobile App [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Capitalized Computer Software, Net | $ 36,310 | |
Marketing Applications [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Capitalized Computer Software, Net | $ 49,097 |
ACCOUNTS PAYABLE AND ACCRUED 34
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - Class Of Stock [Domain] - USD ($) | Apr. 30, 2015 | Oct. 31, 2014 |
Accounts Payable And Accrued Expenses [Line Items] | ||
Trade payables and accruals | $ 255,079 | |
Accrued preferred stock dividends | 915,447 | |
Accrued payroll and commissions | 542,875 | |
Other liabilities | 212,975 | |
Total accounts payable and accrued expenses | $ 1,926,376 | $ 1,880,294 |
DUE FROM_TO AFFILIATES (Details
DUE FROM/TO AFFILIATES (Details Textual) | Apr. 30, 2015USD ($) |
Parent Company [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Due To Affiliate, Current | $ 139,598 |
CONVERTIBLE NOTES PAYABLE (Deta
CONVERTIBLE NOTES PAYABLE (Details Textual) - Class Of Stock [Domain] - USD ($) | 1 Months Ended | 5 Months Ended | 6 Months Ended | ||||
Oct. 20, 2014 | Apr. 30, 2015 | Apr. 30, 2015 | Apr. 30, 2014 | Jan. 31, 2015 | Oct. 31, 2014 | Jul. 31, 2014 | |
Short-term Debt [Line Items] | |||||||
Debt Instrument, Convertible, Conversion Price | $ 0.20 | $ 0.10 | $ 0.10 | ||||
Proceeds from Convertible Debt | $ 95,000 | $ 1,130,000 | $ 0 | ||||
Loan Processing Fee | $ 55,000 | ||||||
Debt Conversion, Converted Instrument, Warrants or Options Issued | 300,000 | ||||||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||
Shares Issued, Price Per Share | $ 0.17 | ||||||
Debt Conversion, Converted Instrument, Rate | 65.00% | ||||||
Debt Instrument, Unamortized Discount | $ 150,000 | $ 0 | $ 0 | $ 0 | |||
Embedded Derivative, Fair Value of Embedded Derivative Liability | $ 14,760 | ||||||
Debt Instrument, Term | 2 years | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |||||
Debt Instrument, Maturity Date | Dec. 31, 2016 | ||||||
Debt Instrument, Interest Rate Terms | Interest shall accrue on the principal of the note at a rate equal to 12.0% per annum in cash and 12.0% in stock per annum based upon $0.10 (ten) cents per share. | ||||||
Interest Expense, Debt | $ 110,883 | ||||||
Debt Instrument, Interest Rate, Stated Amount | 85,700 | 0 | |||||
Debt Instrument, Remaining Unamortized Discount | 664,897 | ||||||
Debt Conversion, Converted Instrument, Amount | 60,000 | ||||||
Derivative Instruments and Hedging Activities [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Proceeds from Convertible Debt | $ 150,000 | ||||||
Fair Value Assumptions, Risk Free Interest Rate | 0.58% | ||||||
Fair Value Assumptions, Expected Dividend Rate | 0.00% | ||||||
Fair Value Assumptions, Expected Volatility Rate | 203.06% | ||||||
Fair Value Assumptions, Expected Term | 1 year 5 months 19 days | ||||||
Embedded Derivative, Fair Value of Embedded Derivative Liability | $ 217,362 | $ 217,362 | $ 571,630 | ||||
Interest Expense, Debt | 37,105 | ||||||
Debt Instrument, Interest Rate, Stated Amount | 7,880 | $ 0 | |||||
Debt Instrument, Remaining Unamortized Discount | 110,290 | ||||||
Embedded Derivative, Fair Value of Embedded Derivative, Net | 345,268 | $ 345,268 | |||||
Warrant [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Fair Value Assumptions, Expected Dividend Rate | 0.00% | ||||||
Fair Value Assumptions, Expected Term | 1 year 6 months | ||||||
Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt Conversion, Converted Instrument, Shares Issued | 600,000 | ||||||
Maximum [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Fair Value Assumptions, Risk Free Interest Rate | 1.51% | ||||||
Fair Value Assumptions, Expected Volatility Rate | 124.65% | ||||||
Minimum [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Fair Value Assumptions, Risk Free Interest Rate | 0.94% | ||||||
Fair Value Assumptions, Expected Volatility Rate | 115.05% | ||||||
Convertible Debt [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt Conversion, Converted Instrument, Rate | 7.50% | ||||||
Convertible Notes Payable [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt Instrument, Unamortized Discount | $ 775,780 | $ 775,780 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | |||||
Convertible Debt, Noncurrent | $ 1,130,000 | $ 1,130,000 |
LOANS PAYABLE (Details)
LOANS PAYABLE (Details) - USD ($) | Apr. 30, 2015 | Oct. 31, 2014 |
Total Loans payable | $ 235,000 | $ 170,000 |
Related party [Member] | ||
Total Loans payable | 65,000 | |
Non-related party [Member] | ||
Total Loans payable | $ 170,000 |
LOANS PAYABLE (Details Textual)
LOANS PAYABLE (Details Textual) - Apr. 30, 2015 - Short-term Debt, Type [Domain] - USD ($) | Total |
Debt Instrument [Line Items] | |
Proceeds from Related Party Debt | $ 75,000 |
Debt Instrument, Periodic Payment, Principal | $ 10,000 |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% |
STOCKHOLDERS' EQUITY (Details T
STOCKHOLDERS' EQUITY (Details Textual) - USD ($) | 6 Months Ended | 12 Months Ended | |||
Apr. 30, 2015 | Apr. 30, 2014 | Oct. 31, 2014 | Oct. 20, 2014 | Jul. 31, 2014 | |
Shareholders Equity [Line Items] | |||||
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 | 125,000,000 | ||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |
Preferred Stock, Par or Stated Value Per Share | 0.001 | ||||
Preferred stock dividend accruals | $ 915,447 | ||||
Common Stock And Preferred Stock Authorized | 375,000,000 | ||||
Debt Instrument, Unamortized Discount | $ 0 | $ 0 | $ 150,000 | ||
Common Stock Shares Originally Held In Escrow | 750,000 | ||||
Stock Retired During Period Value | 750 | ||||
Debt Instrument, Convertible, Conversion Price | $ 0.10 | $ 0.20 | |||
Debt Conversion, Converted Instrument, Amount | $ 60,000 | ||||
Convertible Notes Payable [Member] | |||||
Shareholders Equity [Line Items] | |||||
Debt Instrument, Unamortized Discount | $ 775,780 | ||||
Consulting Fee [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Shares, Issued for Services | 2,473,350 | ||||
Proceeds From Issuance Of Common Stock and Warrants | $ 483,925 | ||||
Series A Preferred Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | |||
Preferred Stock, Shares Issued | 50,570,726 | 66,801,653 | |||
Preferred Stock, Dividend Rate, Percentage | 10.00% | ||||
Conversion of Stock, Shares Issued | 3,314,030 | 0 | |||
Preferred Stock, Shares Authorized | 120,000,000 | 120,000,000 | |||
Preferred Stock Conversion Price Per Share | $ 1 | ||||
Debt Instrument, Convertible, Conversion Price | $ 1 | ||||
Conversion of Stock, Amount Issued | $ 729,087 | $ 0 | |||
Stock Repurchased and Retired During Period, Shares | 16,230,927 | ||||
Stock Repurchased and Retired During Period, Value | $ 1,639,787 | ||||
Convertible Notes Payable And Accrued Interest To Common Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Conversion of Stock, Shares Issued | 320,333 | 0 | |||
Conversion of Stock, Amount Issued | $ 32,033 | $ 0 | |||
Series B Preferred Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | 0.001 | ||
Stock Issued During Period, Shares, New Issues | 26,000 | ||||
Preferred Stock, Shares Issued | 15,000 | 0 | |||
Preferred stock dividend accruals | $ 7,610 | ||||
Conversion of Stock, Shares Issued | 2,900,000 | 8,095,000 | |||
Preferred Stock, Shares Authorized | 1,000,000 | 1,000,000 | |||
Number Of Shares Designated | 1,000,000 | ||||
Conversion of Stock, Amount Issued | $ 485,000 | $ 404,750 | |||
Debt Conversion, Converted Instrument, Shares Issued | 26,000 | 0 | |||
Debt Conversion, Converted Instrument, Amount | $ 100,000 | $ 0 | |||
Series B Preferred Stock [Member] | Next 1 Interactive Inc [Member] | |||||
Shareholders Equity [Line Items] | |||||
Preferred Stock, Shares Authorized | 1,250,000 | ||||
Conversion of Stock, Amount Issued | $ 30,000 | ||||
Series B Preferred Stock [Member] | Maximum [Member] | Next 1 Interactive Inc [Member] | |||||
Shareholders Equity [Line Items] | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.05 | ||||
Stock Issued During Period, Value, Subscription | $ 130,000 | ||||
Series B Preferred Stock [Member] | Minimum [Member] | Next 1 Interactive Inc [Member] | |||||
Shareholders Equity [Line Items] | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.01 | ||||
Stock Issued During Period, Value, Subscription | $ 100,000 | ||||
Series D Preferred Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Conversion of Stock, Shares Issued | 2,719,862 | 817,418 | |||
Conversion of Stock, Amount Issued | $ 407,995 | $ 122,625 | |||
Series A Convertible Preferred Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 0.001 | |||
Preferred stock dividend accruals | $ 199,462 | ||||
Preferred Stock, Shares Authorized | 1,000,000 | 100,000,000 | 120,000,000 | ||
Common Stock One [Member] | |||||
Shareholders Equity [Line Items] | |||||
Class of Warrant or Right, Outstanding | 1,050,000 | ||||
Proceeds From Issuance Of Common Stock and Warrants | $ 120,000 | ||||
Common Stock One [Member] | Maximum [Member] | |||||
Shareholders Equity [Line Items] | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 1.25 | ||||
Common Stock One [Member] | Minimum [Member] | |||||
Shareholders Equity [Line Items] | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.18 | ||||
Conversion of Convertible Series B Preferred Shares [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 2,900,000 | ||||
Stock Issued During Period, Value, New Issues | $ 485,000 | ||||
Conversion of Convertible Series C Preferred Shares [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 3,645,000 | ||||
Stock Issued During Period, Value, New Issues | $ 409,750 | ||||
Conversion of Convertible Series D Preferred Shares [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 2,719,862 | ||||
Stock Issued During Period, Value, New Issues | $ 407,995 | ||||
Employee Stock Option [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 34,000 | ||||
Stock Issued During Period, Value, New Issues | $ 3,855 | ||||
Series C Preferred Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Preferred Stock, Shares Issued | 0 | ||||
Preferred Stock, Dividend Rate, Percentage | 10.00% | ||||
Conversion of Stock, Shares Issued | 3,645,000 | 0 | |||
Number Of Shares Designated | 1,000,000 | ||||
Conversion of Stock, Amount Issued | $ 409,750 | $ 0 | |||
Conversion Of Convertible Series A Preferred Shares [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 3,314,030 | ||||
Stock Issued During Period, Value, New Issues | $ 729,087 | ||||
Series B Convertible Preferred Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | ||||
Preferred Stock, Shares Issued | 15,000 | ||||
Preferred Stock, Dividend Rate, Percentage | 10.00% | ||||
Preferred Stock, Shares Authorized | 1,000,000 | ||||
Preferred Stock Conversion Price Per Share | $ 0.05 | $ 0.05 | |||
Preferred Stock Stated Value | $ 5 | ||||
Convertible Promissory Notes [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Value, New Issues | $ 60,000 | ||||
Warrant [Member] | |||||
Shareholders Equity [Line Items] | |||||
Conversion of Stock, Shares Issued | 100,000 | 9,000 | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.50 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 4,244,530 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ 0.14 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms | 99 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 3,900,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Expirations | 15,034,328 | ||||
Common Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 1,266,667 | ||||
Conversion of Stock, Shares Issued | 100,000 | 27,000 | |||
Conversion Of Stock Settlement Of Debt Value | $ 30,000 | ||||
Conversion of Stock, Amount Issued | $ 30,000 | $ 13,500 | |||
Debt Conversion, Converted Instrument, Shares Issued | 600,000 | ||||
Common Stock [Member] | Next 1 Interactive Inc [Member] | |||||
Shareholders Equity [Line Items] | |||||
Debt Conversion, Converted Instrument, Shares Issued | 4,100,000 | ||||
Debt Conversion, Converted Instrument, Amount | $ 392,000 | ||||
Common Stock [Member] | Series B Preferred Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Value, New Issues | $ 55,000 | ||||
Common Stock [Member] | Conversion of Convertible Series B Preferred Shares [Member] | |||||
Shareholders Equity [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 1,100,000 | ||||
Stock Issued During Period, Value, New Issues | $ 11,000 | ||||
Common Stock [Member] | Convertible Promissory Notes [Member] | |||||
Shareholders Equity [Line Items] | |||||
Debt Conversion, Converted Instrument, Shares Issued | 600,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Textual) | 6 Months Ended |
Apr. 30, 2015USD ($) | |
Related Party Transaction [Line Items] | |
Payments for Rent | $ 800 |
FAIR VALUE MEASUREMENT AND DI41
FAIR VALUE MEASUREMENT AND DISCLOSURE (Details) | Apr. 30, 2015USD ($) |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |
Derivative liabilities | $ 217,362 |
Fair Value, Inputs, Level 1 [Member] | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |
Derivative liabilities | 0 |
Fair Value, Inputs, Level 2 [Member] | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |
Derivative liabilities | 0 |
Fair Value, Inputs, Level 3 [Member] | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |
Derivative liabilities | $ 217,362 |
SUBSEQUENT EVENTS (Details Text
SUBSEQUENT EVENTS (Details Textual) - USD ($) | May. 05, 2015 | Jun. 18, 2015 | Jun. 16, 2015 | Apr. 30, 2015 | Apr. 30, 2014 | Oct. 31, 2014 | Oct. 20, 2014 | Jul. 31, 2014 |
Subsequent Event [Line Items] | ||||||||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||
Shares Issued, Price Per Share | $ 0.17 | |||||||
Preferred Stock, Par or Stated Value Per Share | 0.001 | |||||||
Common Stock [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 600,000 | |||||||
Conversion of Stock, Shares Issued | 100,000 | 27,000 | ||||||
Subsequent Event [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Stock Issued During Period, Shares, Issued For Services | 10,000 | |||||||
Equity Method Investment, Ownership Percentage | 15.00% | |||||||
Subsequent Event [Member] | Former Employee [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Stock Issued During Period, Shares, Share-based Compensation, Gross | 1,570,000 | |||||||
Subsequent Event [Member] | Unsecured Convertible Note [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Debt Conversion, Original Debt, Amount | $ 500,000 | |||||||
Debt Instrument, Face Amount | $ 500,000 | |||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 675,000 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.10 | |||||||
Common Stock, Par or Stated Value Per Share | $ 0.001 | |||||||
Class Of Warrant Or Right Term | two year | |||||||
Noteholder’s legal costs | $ 20,000 | |||||||
Subsequent Event [Member] | Letter of Credit [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 1,000,000 | |||||||
Shares Issued, Price Per Share | $ 0.05 | |||||||
Subsequent Event [Member] | Convertible Debt [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Debt Conversion, Original Debt, Amount | $ 7,000 | |||||||
Debt Conversion, Converted Instrument, Shares Issued | 140,000 | |||||||
Shares Issued, Price Per Share | $ 0.05 | |||||||
Subsequent Event [Member] | Convertible Notes Payable [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 418,000 | |||||||
Subsequent Event [Member] | Convertible Debt Two [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Debt Conversion, Original Debt, Amount | $ 10,000 | |||||||
Debt Conversion, Converted Instrument, Shares Issued | 202,429 | |||||||
Shares Issued, Price Per Share | $ 0.0494 | |||||||
Series A Preferred Stock [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Conversion of Stock, Shares Issued | 3,314,030 | 0 | ||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | ||||||
Preferred Stock Conversion Price Per Share | $ 1 | |||||||
Preferred Stock, Shares Issued | 50,570,726 | 66,801,653 | ||||||
Preferred Stock, Shares Outstanding | 50,570,726 | 66,801,653 | ||||||
Preferred Stock, Dividend Rate, Percentage | 10.00% | |||||||
Series B Preferred Stock [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Debt Conversion, Original Debt, Amount | $ 30,000 | $ 0 | ||||||
Debt Conversion, Converted Instrument, Shares Issued | 26,000 | 0 | ||||||
Conversion of Stock, Shares Issued | 2,900,000 | 8,095,000 | ||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | |||||
Preferred Stock, Shares Issued | 15,000 | 0 | ||||||
Preferred Stock, Shares Outstanding | 0 | 0 | ||||||
Series C Preferred Stock [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Conversion of Stock, Shares Issued | 3,645,000 | 0 | ||||||
Preferred Stock, Shares Issued | 0 | |||||||
Preferred Stock, Shares Outstanding | 0 | |||||||
Preferred Stock, Dividend Rate, Percentage | 10.00% | |||||||
Preferred Stock, Voting Rights | Each holder of Series C stock shall be entitled to the number of votes equal to one hundred (100) votes for each shares of Common Stock into which the Series C Stock could be converted into. | |||||||
Series C Preferred Stock [Member] | Subsequent Event [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Conversion of Stock, Shares Issued | 80,000 | |||||||
Preferred Stock Shares Designated | 1,000,000 | |||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | |||||||
Preferred Stock Stated Value | 5 | |||||||
Preferred Stock Conversion Price Per Share | $ 0.05 | |||||||
Next 1 Interactive Inc [Member] | Common Stock [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 4,100,000 | |||||||
Next 1 Interactive Inc [Member] | Series B Preferred Stock [Member] | Maximum [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.05 | |||||||
Next 1 Interactive Inc [Member] | Series B Preferred Stock [Member] | Minimum [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.01 | |||||||
RealBiz Holdings, Inc [Member] | Subsequent Event [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Equity Method Investment Ownership Percentage Acquired During Period | 15.00% | |||||||
Equity Method Investment, Ownership Percentage | 100.00% | |||||||
RealBiz Holdings, Inc [Member] | Subsequent Event [Member] | Share Exchange Agreement [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Stock Issued During Period Shares Share Exchange Agreement | 3,115,000 | |||||||
Shares Exchanged Under Share Exchange Agreement | 90 | |||||||
RealBiz Holdings, Inc [Member] | Subsequent Event [Member] | Share Exchange Agreement Two [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Stock Issued During Period Shares Share Exchange Agreement | 885,000 | |||||||
Shares Exchanged Under Share Exchange Agreement | 25.5 |