Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.4.0.3
Condensed Balance Sheets - USD ($)
Apr. 30, 2016
Jul. 31, 2015
Current assets    
Cash and cash equivalents $ 24,018,782 $ 32,035,264
Prepaid expenses and other current assets 1,000,503 1,532,717
Total Current Assets 25,019,285 33,567,981
Property and equipment, net 3,062,459 1,807,982
Other long-term assets 188,841 214,127
Total Assets 28,270,585 35,590,090
Current liabilities    
Accounts payable and accrued liabilities 3,160,331 2,360,505
Accrued compensation 517,170 501,446
Total Current Liabilities 3,677,501 2,861,951
Other long-term liabilities 606,173 32,518
Total Liabilities $ 4,283,674 $ 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 April 30, 2016 and July 31, 2015, respectively $ 25,162 $ 24,947
Additional paid-in capital 81,783,814 71,572,714
Warrants issued and outstanding - 3,000,875 and 1,895,102 warrants as of April 30, 2016 and July 31, 2015, respectively 9,110,598 7,704,103
Accumulated deficit (66,932,663) (46,606,143)
Total Stockholders' Equity 23,986,911 32,695,621
Total Liabilities and Stockholders' Equity $ 28,270,585 $ 35,590,090