Annual report pursuant to Section 13 and 15(d)

Statements of Operations

v3.5.0.2
Statements of Operations - USD ($)
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Income Statement [Abstract]    
Revenue
Expenses:    
Research and development 14,741,694 13,132,898
General and administrative 12,144,358 8,108,244
Loss from operations (26,886,052) (21,241,142)
Provision for income taxes 2,462 1,969
Net loss $ (26,888,514) $ (21,243,111)
Basic and diluted net loss per common share [1] $ (1.63) $ (1.67)
Weighted average shares used in computing basic and diluted net loss per common share [1] 16,514,737 12,708,974
[1] See Note 1, "Reverse Stock Split"