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 $)
Apr. 30, 2015
Jul. 31, 2014
Current assets    
Cash and cash equivalents $ 25,439,188us-gaap_CashAndCashEquivalentsAtCarryingValue $ 37,852,694us-gaap_CashAndCashEquivalentsAtCarryingValue
Prepaid expenses and other current assets 879,445us-gaap_PrepaidExpenseAndOtherAssetsCurrent 466,483us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total Current Assets 26,318,633us-gaap_AssetsCurrent 38,319,177us-gaap_AssetsCurrent
Property and equipment, net 1,201,338us-gaap_PropertyPlantAndEquipmentNet 581,054us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net   464,693us-gaap_FiniteLivedIntangibleAssetsNet
Other long-term assets 123,308us-gaap_OtherAssetsNoncurrent 26,685us-gaap_OtherAssetsNoncurrent
Total Assets 27,643,279us-gaap_Assets 39,391,609us-gaap_Assets
Current liabilities    
Accounts payable and accrued liabilities 1,702,403us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent 1,236,352us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent
Accrued other 52,721us-gaap_OtherAccruedLiabilitiesCurrent 87,199us-gaap_OtherAccruedLiabilitiesCurrent
Total Liabilities 1,755,124us-gaap_Liabilities 1,323,551us-gaap_Liabilities
Stockholders' Equity    
Common stock authorized - 160,000,000 common shares with a par value of $0.0001, common stock issued and outstanding - 12,351,763 and 12,231,554 common shares as of April 30, 2015 and July 31, 2014 respectively (1) 24,701us-gaap_CommonStockValue 24,463us-gaap_CommonStockValue
Additional paid-in capital 58,760,949us-gaap_AdditionalPaidInCapital 56,081,475us-gaap_AdditionalPaidInCapital
Warrants issued and outstanding - 1,771,647 and 1,882,390 warrants as of April 30, 2015 and July 31, 2014, respectively (1) 7,132,235us-gaap_WarrantsAndRightsOutstanding 7,325,152us-gaap_WarrantsAndRightsOutstanding
Accumulated deficit (40,029,730)us-gaap_RetainedEarningsAccumulatedDeficit (25,363,032)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 25,888,155us-gaap_StockholdersEquity 38,068,058us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity $ 27,643,279us-gaap_LiabilitiesAndStockholdersEquity $ 39,391,609us-gaap_LiabilitiesAndStockholdersEquity