Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Oct. 31, 2015
Jul. 31, 2015
Current assets    
Cash and cash equivalents $ 26,896,369 $ 32,035,264
Prepaid expenses and other current assets 1,091,048 1,532,717
Total Current Assets 27,987,417 33,567,981
Property and equipment, net 2,223,391 1,807,982
Other long-term assets 187,442 214,127
Total Assets 30,398,250 35,590,090
Current liabilities    
Accounts payable and accrued liabilities 2,909,725 2,360,505
Accrued other 268,229 533,964
Total Liabilities 3,177,954 2,894,469
Stockholders' Equity    
Common stock authorized - 160,000,000 common shares with a par value of $0.0001, common stock issued and outstanding - 14,828,354 and 14,820,854 common shares as of October 31, 2015 and July 31, 2015, respectively 24,948 24,947
Additional paid-in capital 73,134,779 71,572,714
Warrants issued and outstanding - 1,895,102 warrants as of October 31, 2015 and July 31, 2015 7,704,103 7,704,103
Accumulated deficit (53,643,534) (46,606,143)
Total Stockholders' Equity 27,220,296 32,695,621
Total Liabilities and Stockholders' Equity $ 30,398,250 $ 35,590,090