Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended 60 Months Ended
Jan. 31, 2013
Jan. 31, 2012
Jan. 31, 2013
Jan. 31, 2012
Jan. 31, 2013
Consolidated Statements of Operations          
Revenue $ 0 $ 0 $ 0 $ 0 $ 0
Expenses:          
Research and development 614,221 508,406 1,655,212 1,023,993 4,708,361
General and administrative 983,622 671,923 1,940,107 1,350,574 6,177,665
Loss from operations (1,597,843) (1,180,329) (3,595,319) (2,374,567) (10,886,026)
Other income (expense):          
Fair value of derivative liabilities in excess of proceeds         (808,590)
Adjustments to fair value of derivative liabilities   (1,397,967)   2,579,451 3,150,985
Loss on extinguishment of debt         (761,492)
Financing transaction costs         (210,000)
Non-cash interest expense (24,145) (93,168) (51,594) (162,302) (318,161)
Interest expense         (1,357)
Impairment charges         (9,000)
Net income (loss) before income taxes (1,621,988) (2,671,464) (3,646,913) 42,582 (9,843,641)
Provision for income taxes   400 2,000 2,400 6,000
Net income (loss) $ (1,621,988) $ (2,671,864) $ (3,648,913) $ 40,182 $ (9,849,641)
Basic net income (loss) per common share (in dollars per share) $ (0.02) $ (0.05) $ (0.04) $ 0.00  
Diluted net income (loss) per common share (in dollars per share) $ (0.02) $ (0.05) $ (0.04) $ 0.00  
Weighted average shares used in computing basic net income (loss) per common share (in shares) 102,895,957 56,856,000 95,394,076 56,856,000  
Weighted average shares used in computing diluted net income (loss) per common share (in shares) 102,895,957 56,856,000 95,394,076 57,020,251