Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Apr. 30, 2014
Jul. 31, 2013
Current assets    
Cash and cash equivalents $ 24,252,154 $ 4,970,175
Prepaid expenses and other current assets 531,676 199,512
Total Current Assets 24,783,830 5,169,687
Property and equipment, net 248,961 151,625
Intangible assets, net 638,952 1,161,731
Other long-term assets 26,685 26,685
Total Assets 25,698,428 6,509,728
Current and long-term liabilities    
Accounts payable and accrued liabilities 1,119,041 729,085
Acquisition obligation, current   979,316
Accrued other 57,198 62,203
Total Liabilities 1,176,239 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 - 216,237,083 and 118,014,224 common shares as of April 30, 2014 and July 31, 2013, respectively 21,624 11,802
Additional paid-in capital 41,724,011 11,467,139
Warrants issued and outstanding - 34,667,556 and 57,644,276 warrants as of April 30, 2014 and July 31, 2013, respectively 4,596,229 6,611,098
Deficit accumulated during the development stage (21,819,675) (13,350,915)
Total Stockholders' Equity 24,522,189 4,739,124
Total Liabilities and Stockholders' Equity $ 25,698,428 $ 6,509,728