Annual report pursuant to section 13 and 15(d)

Stock-Based Compensation (Tables)

v2.4.0.8
Stock-Based Compensation (Tables)
12 Months Ended
Jul. 31, 2013
Stock-Based Compensation  
Schedule of assumptions used to calculate fair value of share based compensation

 

 

 

 

July 31, 2013

 

July 31, 2012

 

Expected volatility

 

80.32% - 97.85%

 

85.96 - 125.00%

 

Risk-free interest rate

 

0.31% - 1.97%

 

0.35% - 2.08%

 

Expected forfeiture rate

 

0.00%

 

0.00%

 

Expected dividend yield

 

 

 

Expected term

 

3 - 10 years

 

3 - 10 years

 

Summary of stock option activity

 

 

 

 

Option Shares
Outstanding

 

Weighted-Average
Exercise Price

 

Aggregate Intrinsic
Value ($000’s)

 

Balance at July 31, 2011

 

 

$

 

$

 

Granted

 

3,260,000

 

0.24

 

 

Exercised

 

 

 

 

Forfeited / Cancelled

 

(85,000

)

0.40

 

 

Balance at July 31, 2012

 

3,175,000

 

0.24

 

24

 

Granted

 

3,015,000

 

0.22

 

232

 

Exercised

 

(766,500

)

0.18

 

52

 

Forfeited / Cancelled

 

(273,500

)

0.33

 

9

 

Balance at July 31, 2013

 

5,150,000

 

$

0.23

 

$

372

 

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 Average
Exercise Price

 

$

0.18 - 0.42

 

5,150,000

 

6.08

 

$

0.25

 

3,387,700

 

5.58

 

$

0.23