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Income Taxes (Details 3) (USD $)
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12 Months Ended | |
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Jul. 31, 2012
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Jul. 31, 2011
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| Significant components of the deferred tax assets | ||
| Net operating loss carryforwards | $ 1,986,000 | $ 207,000 |
| Credits | 124,000 | 31,000 |
| Start-up costs | 72,000 | 74,000 |
| Accumulated Depreciation | 282,000 | 71,000 |
| Other | 129,000 | 11,000 |
| Net deferred tax assets | 2,593,000 | 394,000 |
| Valuation allowance for deferred tax assets | $ (2,593,000) | $ (394,000) |
| Reconciliation of incomes taxes using statutory income tax rate, compared to effective rate | ||
| Federal tax benefit at the expected statutory rate (as a percent) | 34.00% | 34.00% |
| State income tax, net of federal tax benefit (as a percent) | (0.07%) | (3.08%) |
| Loss on extinguishment of debt | (11.48%) | |
| Adjustment to fair value of derivative liabilities | 63.20% | (18.64%) |
| Non-deductible expenses (as a percent) | (6.63%) | (0.45%) |
| Change in valuation allowance (as a percent) | (81.58%) | (9.93%) |
| Other (as a percent) | 2.45% | (1.92%) |
| Income tax benefit - effective rate (as a percent) | (0.11%) | (0.02%) |
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- Definition
Represents the amount before allocation of valuation allowances of deferred tax asset attributable to temporary differences from start-up costs. No definition available.
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to loss on extinguishment of debt that is exempt from income taxes under enacted tax laws. No definition available.
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to adjustments in the fair value of derivative liabilities that is exempt from income taxes under enacted tax laws. No definition available.
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- Details
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from property, plant, and equipment. No definition available.
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- Definition
The tax effect as of the balance sheet date of the amount of future tax deductions arising from all unused tax credit carryforwards which have been reduced by a valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the differences between the effective income tax rate and domestic federal statutory income tax rate attributable to all nondeductible expenses under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to all other items not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the state and local income tax expense or benefit, net of the federal tax benefit (expense) thereon, recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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