Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Jul. 31, 2014
Jul. 31, 2013
Current assets    
Cash and cash equivalents $ 37,852,694 $ 4,970,175
Prepaid expenses 442,888 186,984
Other current assets 23,595 12,528
Total Current Assets 38,319,177 5,169,687
Property and equipment, net 581,054 151,625
Intangible assets, net 464,693 1,161,731
Other long-term assets 26,685 26,685
Total Assets 39,391,609 6,509,728
Current liabilities    
Accounts payable and accrued liabilities 1,236,352 729,085
Accrued compensation related 42,654  
Accrued income taxes 800 1,600
Acquisition obligation, current   979,316
Accrued other 43,745 60,603
Total Current Liabilities 1,323,551 1,770,604
Total Liabilities 1,323,551 1,770,604
Stockholders' Equity    
Common stock authorized - 3,200,000,000 common shares with a par value of $0.0001, common stock issued and outstanding - 244,631,076 and 118,014,224 common shares as of July 31, 2014 and July 31, 2013, respectively 24,463 11,802
Additional paid-in capital 56,081,475 11,467,139
Warrants issued and outstanding - 37,647,790 and 57,644,276 warrants as of July 31, 2014 and July 31, 2013, respectively 7,325,152 6,611,098
Deficit accumulated during the development stage (25,363,032) (13,350,915)
Total Stockholders' Equity 38,068,058 4,739,124
Total Liabilities and Stockholders' Equity $ 39,391,609 $ 6,509,728