Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Oct. 31, 2014
Jul. 31, 2014
Current assets    
Cash and cash equivalents $ 33,989,597 $ 37,852,694
Prepaid expenses and other current assets 432,159 466,483
Total Current Assets 34,421,756 38,319,177
Property and equipment, net 974,746 581,054
Intangible assets, net 290,433 464,693
Other long-term assets 30,685 26,685
Total Assets 35,717,620 39,391,609
Current liabilities    
Accounts payable and accrued liabilities 1,047,684 1,236,352
Accrued other 51,754 87,199
Total Current Liabilities 1,099,438 1,323,551
Stockholders' Equity    
Common stock authorized - 3,200,000,000 common shares with a par value of $0.0001, common stock issued and outstanding - 244,631,076 and 244,631,076 common shares as of October 31, 2014 and July 31, 2014, respectively 24,463 24,463
Additional paid-in capital 56,692,715 56,081,475
Warrants issued and outstanding - 37,647,790 and 37,647,790 warrants as of October 31, 2014 and July 31, 2014, respectively 7,325,152 7,325,152
Accumulated deficit (29,424,148) (25,363,032)
Total Stockholders' Equity 34,618,182 38,068,058
Total Liabilities and Stockholders' Equity $ 35,717,620 $ 39,391,609