Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
Oct. 31, 2013
Jul. 31, 2013
Current assets    
Cash and cash equivalents $ 15,193,760 $ 4,970,175
Prepaid expenses and other current assets 697,316 199,512
Total Current Assets 15,891,076 5,169,687
Property and equipment, net 146,885 151,625
Intangible assets, net 987,472 1,161,731
Other long-term assets 26,685 26,685
Total Assets 17,052,118 6,509,728
Current and long-term liabilities    
Accounts payable and accrued liabilities 799,396 729,085
Acquisition obligation, current 991,609 979,316
Accrued other 63,027 62,203
Total Liabilities 1,854,032 1,770,604
Stockholders' Equity    
Common stock authorized - 3,200,000,000 common shares with a par value of $0.0001, common stock issued and outstanding - 170,838,526 and 118,014,224 common shares as of October 31, 2013 and July 31, 2013, respectively 17,084 11,802
Additional paid-in capital 21,540,797 11,467,139
Warrants issued and outstanding - 79,397,574 and 57,644,276 warrants as of October 31, 2013 and July 31, 2013, respectively 9,042,606 6,611,098
Deficit accumulated during the development stage (15,402,401) (13,350,915)
Total Stockholders' Equity 15,198,086 4,739,124
Total Liabilities and Stockholders' Equity $ 17,052,118 $ 6,509,728