Attached files

file filename
EX-23.1 - PASSUR Aerospace, Inc.ex23-1.htm
EX-10.19 - PASSUR Aerospace, Inc.ex10-19.htm
EXCEL - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.Financial_Report.xls
10-K - PASSUR Aerospace, Inc.t306990.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R9.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R7.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R3.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R5.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R6.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R4.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R1.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R2.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R8.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R25.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R43.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R55.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R14.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R11.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R28.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R17.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R59.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R57.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R19.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R12.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R56.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R40.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R48.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R46.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R42.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R63.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R29.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R24.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R27.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R62.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R60.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R49.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R18.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R39.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R45.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R26.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R23.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R10.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R31.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R36.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R32.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R37.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R13.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R54.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R21.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R38.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R41.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R61.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R33.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R50.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R53.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R15.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R58.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R34.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R22.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R20.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R35.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R47.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R30.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R51.htm
EX-32.2 - PASSUR Aerospace, Inc.ex32-2.htm
EX-31.1 - PASSUR Aerospace, Inc.ex31-1.htm
EX-31.2 - PASSUR Aerospace, Inc.ex31-2.htm
EX-32.1 - PASSUR Aerospace, Inc.ex32-1.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R44.htm
XML - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.R52.htm
v2.4.0.6
10. Shareholders' Equity and Share-based Payments
12 Months Ended
Oct. 31, 2012
Notes  
10. Shareholders' Equity and Share-based Payments

 

10.  Stock Options

 

In fiscal year 2009, the Company’s Board of Directors approved the Company’s 2009 stock option plan, which provides for the granting of stock options for up to 500,000 shares of the Company’s common stock. During fiscal year 2010, the plan was amended to provide for the granting of another 500,000 stock option shares, for a total provision of 1,000,000 stock option shares of the Company’s common stock as of October 31, 2010. During fiscal year 2011, the plan was amended for the granting of another 500,000 stock option shares, for a total provision of 1,500,000 stock option shares of the Company’s common stock as of October 31, 2011 and 2012. The Company's prior stock option plan, which provided for the granting of stock options for up to 2,200,000 shares of the Company's common stock, expired during fiscal year 2009. The stock option’s exercise price per share is typically the fair market value of the Company’s common stock at the date of grant. Stock options granted may be exercised up to a maximum of ten years from the date of grant; however, individuals who own more than 10% of the Company’s common stock must exercise their stock options within five years of the date of the grant, and are exercisable at 110% of the fair market value of the Company’s common stock at the date of grant.

 

The Black-Scholes stock option valuation model was developed for use in estimating the fair value of traded stock options, which have no vesting restrictions and are fully transferable. In addition, stock option valuation models require the input of highly subjective assumptions including expected stock price volatility.

 

The existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options due to changes in subjective input assumptions which may materially affect the fair value estimate. In addition, the Company’s stock options have characteristics significantly different from those of traded options.

 

There were 1,048,000 shares of common stock reserved for future issuance under the Company’s 2009 stock option plan as of October 31, 2012. For fiscal year 2012 stock-based compensation expense of $251,000 was primarily charged to selling, general, and administrative expense, consisting of $41,000 for stock options granted during fiscal year 2012 and $210,000 for stock options granted prior to October 31, 2011. There was $876,000 of unrecognized stock-based compensation costs related to non-vested, stock-based compensation arrangements, expected to be recognized over a weighted average period of 3.54 years as of October 31, 2012. The Company had 313,000 unvested stock options as of October 31, 2012.

 

Information with respect to the Company’s stock options for fiscal years 2012 and 2011 is as follows:

 

 

 

 

Number of

stock options

 

Weighted average exercise price

 

Weighted average remaining contractual term (in years)

 

 

Aggregate

intrinsic

value

 

 

 

 

 

Stock options outstanding at November 1, 2010

    1,478,000

   $1.40

 

 

Stock options granted in fiscal year 2011

         80,000

$3.73

 

 

Stock options exercised in fiscal year 2011

      (70,000)

$  .53

 

 

Stock options forfeited and expired in fiscal year 2011

      (82,500)

$2.97

 

 

Outstanding at October 31, 2011

1,405,500

$1.49

 

 

Stock options granted in fiscal year 2012

      95,000

$4.59

 

 

Stock options exercised in fiscal year 2012

      (18,000)

$  .55

 

 

Stock options forfeited in fiscal year 2012

    (141,000)

$2.13

 

 

Stock options outstanding at October 31, 2012

1,341,500

$1.63

           4.1

    $2,189,000

Stock options exercisable at October  31, 2012

1,028,200

$  .96

           2.8

    $   984,000

 

The weighted average grant date fair value of the Company’s stock options granted during fiscal years 2012 and 2011 was $4.04 and $3.90, respectively. The total intrinsic value of stock options exercised was $72,000 and $245,000 during fiscal years 2012 and 2011, respectively.