|
Condensed Statement of Cash Flows and Condensed Consolidated Statement of Cash Flows (unaudited) (USD $)
|
9 Months Ended | |
|---|---|---|
|
Apr. 30, 2015
|
Apr. 30, 2014
|
|
| Operating activities | ||
| Net loss | $ (14,666,698)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (8,468,760)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 601,777us-gaap_DepreciationDepletionAndAmortization | 579,545us-gaap_DepreciationDepletionAndAmortization |
| Loss on disposal of fixed assets | 4,325us-gaap_GainLossOnDispositionOfAssets | |
| Non-cash interest expense | 20,684oncs_NonCashInterestExpense | |
| Stock-based compensation | 1,650,550us-gaap_StockOptionPlanExpense | 1,397,174us-gaap_StockOptionPlanExpense |
| Common stock issued for services | 59,250oncs_StockIssuedDuringPeriodValueIssuedForServicesCashFlowImpact | 150,000oncs_StockIssuedDuringPeriodValueIssuedForServicesCashFlowImpact |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in prepaid expenses and other current assets | (509,585)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (482,164)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Increase (decrease) in accounts payable and accrued liabilities | 466,051us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 539,959us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Increase (decrease) in accrued other | (34,478)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities | (5,005)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities |
| Net cash used in operating activities | (12,428,808)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (6,268,567)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Investing activities | ||
| Purchases of property and equipment | (761,693)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (154,105)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Net cash used in investing activities | (761,693)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (154,105)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Financing activities | ||
| Proceeds from issuance of common stock and warrants | 776,995oncs_ProceedsFromIssuanceOfCommonStockWarrantsPrivatePlacements | 11,948,000oncs_ProceedsFromIssuanceOfCommonStockWarrantsPrivatePlacements |
| Payment of financing and offering costs | (836,360)us-gaap_PaymentsOfStockIssuanceCosts | |
| Payment of amounts due under acquisition obligation | (1,000,000)us-gaap_ProceedsFromRepaymentsOfNotesPayable | |
| Proceeds from exercise of warrants and stock options | 15,593,011oncs_ProceedsFromWarrantAndStockOptionExercises | |
| Net cash provided by financing activities | 776,995us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 25,704,651us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Net (decrease) increase in cash | (12,413,506)us-gaap_NetCashProvidedByUsedInContinuingOperations | 19,281,979us-gaap_NetCashProvidedByUsedInContinuingOperations |
| Cash and cash equivalents, at beginning of period | 37,852,694us-gaap_CashAndCashEquivalentsAtCarryingValue | 4,970,175us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents, at end of period | 25,439,188us-gaap_CashAndCashEquivalentsAtCarryingValue | 24,252,154us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash paid during the period for: | ||
| Income taxes | 1,969us-gaap_IncomeTaxesPaid | 22,837us-gaap_IncomeTaxesPaid |
| Noncash investing and financing transaction: | ||
| Fair value of placement agent warrants issued in the public offerings | $ 410,535us-gaap_StockIssued1 | |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Interest expense recognized during the reporting period representing the amortization of the discounts recorded on the asset acquisition obligation for imputed interest and fair value of warrants. No definition available.
|
| X | ||||||||||
|
- Definition
The cash inflow from the issuance of common stock, warrants and private placements. No definition available.
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock warrants and stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. No definition available.
|
| X | ||||||||||
|
- Definition
Value of stock issued in lieu of cash for services contributed to the entity. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from long-term debt supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|