Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheet and Condensed Consolidated Balance Sheet

v2.4.1.9
Condensed Balance Sheet and Condensed Consolidated Balance Sheet (USD $)
Jan. 31, 2015
Jul. 31, 2014
Current assets    
Cash and cash equivalents $ 30,699,218us-gaap_CashAndCashEquivalentsAtCarryingValue $ 37,852,694us-gaap_CashAndCashEquivalentsAtCarryingValue
Prepaid expenses and other current assets 630,241us-gaap_PrepaidExpenseAndOtherAssetsCurrent 466,483us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total Current Assets 31,329,459us-gaap_AssetsCurrent 38,319,177us-gaap_AssetsCurrent
Property and equipment, net 1,058,804us-gaap_PropertyPlantAndEquipmentNet 581,054us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net 116,174us-gaap_FiniteLivedIntangibleAssetsNet 464,693us-gaap_FiniteLivedIntangibleAssetsNet
Other long-term assets 213,218us-gaap_OtherAssetsNoncurrent 26,685us-gaap_OtherAssetsNoncurrent
Total Assets 32,717,655us-gaap_Assets 39,391,609us-gaap_Assets
Current liabilities    
Accounts payable and accrued liabilities 1,419,318us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent 1,236,352us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent
Accrued other 85,866us-gaap_OtherAccruedLiabilitiesCurrent 87,199us-gaap_OtherAccruedLiabilitiesCurrent
Total Liabilities 1,505,184us-gaap_Liabilities 1,323,551us-gaap_Liabilities
Stockholders' Equity    
Common stock authorized - 3,200,000,000 common shares with a par value of $0.0001, common stock issued and outstanding - 246,927,282 and 244,631,076 common shares as of January 31, 2015 and July 31, 2014 respectively 24,693us-gaap_CommonStockValue 24,463us-gaap_CommonStockValue
Additional paid-in capital 58,097,928us-gaap_AdditionalPaidInCapital 56,081,475us-gaap_AdditionalPaidInCapital
Warrants issued and outstanding - 35,432,790 and 37,647,790 warrants as of January 31, 2015 and July 31, 2014, respectively 7,132,235us-gaap_WarrantsAndRightsOutstanding 7,325,152us-gaap_WarrantsAndRightsOutstanding
Accumulated deficit (34,042,385)us-gaap_RetainedEarningsAccumulatedDeficit (25,363,032)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 31,212,471us-gaap_StockholdersEquity 38,068,058us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity $ 32,717,655us-gaap_LiabilitiesAndStockholdersEquity $ 39,391,609us-gaap_LiabilitiesAndStockholdersEquity