Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.3.0.814
Stock-Based Compensation (Tables)
12 Months Ended
Jul. 31, 2015
Stock-Based Compensation  
Schedule of assumptions used to calculate fair value of stock based compensation

 

 

 

July 31, 2015

 

July 31, 2014

 

July 31, 2013

 

Expected volatility

 

86.02% - 117.50%

 

83.62% - 93.27%

 

80.32% - 97.85%

 

Risk-free interest rate

 

0.36% - 2.13%

 

0.10% - 2.78%

 

0.31% - 1.97%

 

Expected forfeiture rate

 

0.00% 

 

0.00% 

 

0.00% 

 

Expected dividend yield

 

 

 

 

Expected term

 

1.6 – 6.5 years

 

1 - 10 years

 

3 - 10 years

 

 

Summary of stock option activity

 

 

 

Option Shares
Outstanding (1)

 

Weighted-Average
Exercise Price (1)

 

Aggregate Intrinsic
Value ($000’s)

 

Balance at July 31, 2012

 

158,750

 

$

4.80

 

$

24

 

Granted

 

150,750

 

4.40

 

232

 

Exercised

 

(38,325

)

3.60

 

52

 

Forfeited / Cancelled / Expired

 

(13,675

)

6.60

 

9

 

 

 

 

 

 

 

 

 

Balance at July 31, 2013

 

257,500

 

4.60

 

372

 

Granted

 

451,000

 

13.20

 

1

 

Exercised

 

(89,999

)

4.20

 

846

 

Forfeited / Cancelled / Expired

 

(30,456

)

5.20

 

65

 

 

 

 

 

 

 

 

 

Balance at July 31, 2014

 

588,045

 

11.20

 

844

 

Granted

 

608,501

 

7.45

 

1

 

Exercised

 

(308

)

5.60

 

1

 

Forfeited / Cancelled / Expired

 

(47,474

)

12.29

 

46

 

 

 

 

 

 

 

 

 

Balance at July 31, 2015

 

1,148,764

 

9.20

 

216

 

 

 

 

 

 

 

 

 

Exercisable at July 31, 2015

 

616,511

 

$

9.81

 

$

206

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Recast to reflect the 1-for-20 reverse stock split effected May 2015

Schedule of stock options activity by range of exercise prices

 

Range of Exercise Prices (1)

 

Number of
Shares
Outstanding

 

Weighted
Average
Contractual Life
(in years)

 

Number
Of Shares
Exercisable

 

Weighted
Average
Remaining
Contractual
Life (in years)

 

$

3.60 -16.10

 

1,148,764 

 

8.2 

 

$

616,511 

 

7.3 

 

 

Summary of common stock reserved for future issuance

 

Common Stock options outstanding (within the 2011 Plan and outside of the terms of the 2011 Plan)

 

1,148,764 

 

Common Stock warrants

 

1,895,102 

 

Common Stock options authorized for future grant under the 2011 Plan

 

2,652,434 

 

 

 

5,696,300