Quarterly report pursuant to sections 13 or 15(d)

Subsequent Event

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Subsequent Event
9 Months Ended
Apr. 30, 2013
Subsequent Event  
Subsequent Event

Note 13—Subsequent Event

 

On May 15, 2013, the Company made a payment of $1,000,000 to Inovio under the Asset Purchase Agreement (see Note 6).

 

On May 31, 2013, the Company entered into a thirty-eight month lease agreement for office space scheduled to commence on July 1, 2013, with an initial base monthly rent of approximately $8,000.  The lease calls for annual increases to the base rent of three percent.