Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jan. 31, 2014
Jul. 31, 2013
Current assets    
Cash and cash equivalents $ 18,450,070 $ 4,970,175
Prepaid expenses and other current assets 328,006 199,512
Total Current Assets 18,778,076 5,169,687
Property and equipment, net 173,032 151,625
Intangible assets, net 813,212 1,161,731
Other long-term assets 26,685 26,685
Total Assets 19,791,005 6,509,728
Current and long-term liabilities    
Accounts payable and accrued liabilities 838,299 729,085
Acquisition obligation, current   979,316
Accrued other 57,823 62,203
Total Liabilities 896,122 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 - 190,273,641 and 118,014,224 common shares as of January 31, 2014 and July 31, 2013, respectively 19,028 11,802
Additional paid-in capital 29,594,134 11,467,139
Warrants issued and outstanding - 60,562,459 and 57,644,276 warrants as of January 31, 2014 and July 31, 2013, respectively 7,284,551 6,611,098
Deficit accumulated during the development stage (18,002,830) (13,350,915)
Total Stockholders' Equity 18,894,883 4,739,124
Total Liabilities and Stockholders' Equity $ 19,791,005 $ 6,509,728