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
 9 Months Ended
Apr. 30, 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 April 30, 2015, the Company had outstanding warrants to purchase 1,771,647 shares of common stock, with exercise prices ranging from $5.20 to $24.00, all of which were classified as equity instruments.  These warrants expire at various times between March 2016 and June 2019.

 

During the nine months ended April 30, 2015, 110,750 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.