Annual report pursuant to Section 13 and 15(d)

Statement of Operations and Consolidated Statements of Operations

v3.3.0.814
Statement of Operations and Consolidated Statements of Operations - USD ($)
12 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2013
Expenses:      
Research and development $ 13,132,898 $ 5,796,347 $ 3,159,209
General and administrative 8,108,244 6,153,313 3,905,763
Loss from operations (21,241,142) (11,949,660) (7,064,972)
Other income (expense):      
Non-cash interest expense   (20,684) (83,215)
Net loss before income taxes (21,241,142) (11,970,344) (7,148,187)
Provision for income taxes 1,969 41,773 2,000
Net loss, net of tax $ (21,243,111) $ (12,012,117) $ (7,150,187)
Basic and diluted net loss per common share (in dollars per share) (1) [1] $ (1.67) $ (1.26) $ (1.34)
Weighted average shares used in computing basic and diluted net loss per common share (in shares) (1) [1] 12,708,974 9,527,182 5,327,917
[1] See Note 1, “Reverse Stock Split”