Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Jan. 31, 2016
Jul. 31, 2015
Current assets    
Cash and cash equivalents $ 28,845,271 $ 32,035,264
Prepaid expenses and other current assets 1,219,218 1,532,717
Total Current Assets 30,064,489 33,567,981
Property and equipment, net 2,675,294 1,807,982
Other long-term assets 188,376 214,127
Total Assets 32,928,159 35,590,090
Current liabilities    
Accounts payable and accrued liabilities 3,405,093 2,360,505
Accrued compensation 605,683 501,446
Total Current Liabilities 4,010,776 2,861,951
Other long-term liabilities 325,053 32,518
Total Liabilities $ 4,335,829 $ 2,894,469
Commitments and Contingencies
Stockholders' Equity    
Common stock authorized - 160,000,000 common shares with a par value of $0.0001, common stock issued and outstanding - 16,971,214 and 14,820,854 common shares as of January 31, 2016 and July 31, 2015, respectively $ 25,162 $ 24,947
Additional paid-in capital 79,705,843 71,572,714
Warrants issued and outstanding - 3,073,675 and 1,895,102 warrants as of January 31, 2016 and July 31, 2015, respectively 9,542,579 7,704,103
Accumulated deficit (60,681,254) (46,606,143)
Total Stockholders' Equity 28,592,330 32,695,621
Total Liabilities and Stockholders' Equity $ 32,928,159 $ 35,590,090