Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Tables)

v3.3.0.814
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Jul. 31, 2015
Quarterly Financial Data (Unaudited)  
Summary of quarterly data

 

 

 

 

Year ended July 31 2015

 

 

 

1st

 

2nd

 

3rd

 

4th

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Selected quarterly financial data:

 

 

 

 

 

 

 

 

 

Revenue

 

$

 

$

 

$

 

$

 

Total operating expenses

 

(4,060,206

)

(4,618,237

)

(5,986,286

)

(6,576,413

)

Loss from operations

 

(4,060,206

)

(4,618,237

)

(5,986,286

)

(6,576,413

)

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(4,061,116

)

$

(4,618,237

)

$

(5,987,345

)

$

(6,576,413

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss applicable to common stockholders

 

$

(4,061,116

)

$

(4,618,237

)

$

(5,987,345

)

$

(6,576,413

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per share (1) (2)

 

$

0.33

 

$

0.38

 

$

0.48

 

$

0.48

 

 

 

(1)

Loss per share is computed independently for each of the quarters presented.  Therefore, the sum of the quarterly net loss per share will not necessarily equal the total for the year.

(2)

Recast to reflect the 1-for-20 reverse stock split effected May 2015

 

 

 

Year ended July 31 2014

 

 

 

1st

 

2nd

 

3rd

 

4th

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

 

 

 

 

 

 

 

 

 

 

Selected quarterly financial data:

 

 

 

 

 

 

 

 

 

Revenue

 

$

 

$

 

$

 

$

 

Total operating expenses

 

(1,988,493

)

(2,601,780

)

(3,816,030

)

(3,543,358

)

Loss from operations

 

(1,988,493

)

(2,601,780

)

(3,816,030

)

(3,543,358

)

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,051,486

)

$

(2,600,429

)

$

(3,816,844

)

$

(3,543,358

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss applicable to common stockholders

 

$

(2,051,486

)

$

(2,600,429

)

$

(3,816,844

)

$

(3,543,358

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per share (1) (2)

 

$

0.28

 

$

0.29

 

$

0.37

 

$

0.30

 

 

 

(1)

Loss per share is computed independently for each of the quarters presented.  Therefore, the sum of the quarterly net loss per share will not necessarily equal the total for the year.

(2)

Recast to account for the 1-for-20 reverse stock split effected May 2015.