Quarterly report pursuant to Section 13 or 15(d)

Recent Other Equity and Common Stock Transactions

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Recent Other Equity and Common Stock Transactions
6 Months Ended
Jan. 31, 2015
Recent Other Equity and Common Stock Transactions  
Recent Other Equity and Common Stock Transactions

Note 7— Recent Other Equity and Common Stock Transactions

 

At January 31, 2015, the Company had outstanding warrants to purchase 35,432,790 shares of common stock, with exercise prices ranging from $0.26 to $1.20, all of which were classified as equity instruments.  These warrants expire at various times between March 2016 and June 2019.

 

During the three and six months ended January 31, 2015, 2,215,000 warrants were exercised, with net proceeds of  approximately $775,000 received.

 

The Company has not adopted any policy regarding payment of dividends.  No dividends have been paid during the periods presented.