Quarterly report pursuant to sections 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.6
Stock-Based Compensation (Tables)
3 Months Ended
Oct. 31, 2012
Stock-Based Compensation  
Schedule of assumptions used to calculate fair value of share based compensation

 

 

 

 

October 31, 2012

 

October 31,2011

 

Expected volatility

 

79.25% - 97.85

%

85.96

%

Risk-free interest rate

 

0.36% - 1.92

%

0.96

%

Expected forfeiture rate

 

0.00

%

0.00

%

Expected dividend yield

 

 

 

Expected term

 

3 — 10 years

 

5 — 6 years

 

Summary of stock option activity

 

 

 

 

Option Shares
Outstanding

 

Weighted-Average
Exercise Price

 

Aggregate Intrinsic
Value ($000’s)

 

Balance at July 31, 2012

 

3,175,000

 

$

0.24

 

$

24

 

Granted

 

1,355,000

 

0.18

 

171

 

Exercised

 

 

0.00

 

 

Forfeited / Cancelled

 

(20,200

)

0.32

 

1

 

Balance at October 31, 2012

 

4,509,800

 

$

0.22

 

$

437

Schedule of stock options activity by range of exercise prices

 

Range of Exercise Prices

 

Number of
Shares
Outstanding

 

Weighted
Average
Contractual Life
(in years)

 

Weighted
Average
Exercise Price

 

Number
Of Shares
Exercisable

 

Weighted
Average
Remaining
Contractual
Life (in years)

 

Weighted Averae
Exercise Price

 

$

0.18 - 0.42

 

4,509,800

 

6.18

 

0.22

 

2,658,950

 

5.89

 

$

0.22