Annual report pursuant to Section 13 and 15(d)

Balance Sheet and Consolidated Balance Sheet

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Balance Sheet and Consolidated Balance Sheet - USD ($)
Jul. 31, 2015
Jul. 31, 2014
Current assets    
Cash and cash equivalents $ 32,035,264 $ 37,852,694
Prepaid expenses 1,511,587 442,888
Other current assets 21,130 23,595
Total Current Assets 33,567,981 38,319,177
Property and equipment, net 1,807,982 581,054
Intangible assets, net   464,693
Other long-term assets 214,127 26,685
Total Assets 35,590,090 39,391,609
Current liabilities    
Accounts payable and accrued liabilities 2,360,505 1,236,352
Accrued compensation related 501,446 42,654
Accrued income taxes   800
Accrued other 32,518 43,745
Total Liabilities $ 2,894,469 $ 1,323,551
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Common stock authorized - 160,000,000 common shares with a par value of $0.0001, common stock issued and outstanding - 14,820,854 and 12,233,203 common shares as of July 31, 2015 and July 31, 2014, respectively (1) $ 24,947 $ 24,463
Additional paid-in capital 71,572,714 56,081,475
Warrants issued and outstanding - 1,895,102 and 1,882,399 warrants as of July 31, 2015 and July 31, 2014, respectively (1) 7,704,103 7,325,152
Accumulated deficit (46,606,143) (25,363,032)
Total Stockholders' Equity 32,695,621 38,068,058
Total Liabilities and Stockholders' Equity $ 35,590,090 $ 39,391,609