Annual report pursuant to Section 13 and 15(d)

Statements of Stockholders' Equity

v3.5.0.2
Statements of Stockholders' Equity - USD ($)
Common Stock [Member]
Additional Paid-In Capital [Member]
Warrants [Member]
Accumulated Deficit [Member]
Total
Balance at Jul. 31, 2014 $ 24,463 $ 56,081,475 $ 7,325,152 $ (25,363,032) $ 38,068,058
Balance, shares at Jul. 31, 2014 12,233,203 [1] 1,882,399 [1]
Exercise of common stock warrants $ 222 $ 967,945 $ (192,917) $ 775,250
Exercise of common stock warrants, shares 110,752 [1] (110,752) [1]
Exercise of common stock options $ 1 $ 1,737 $ 1,738
Exercise of common stock options, shares 308 [1] [1] (308) [2]
Common stock issued for services $ 15 $ 57,735 $ 57,750
Common stock issued for services, shares 7,500 [1] [1]
Public offering on June 9, 2015 and November 9, 2015 net of issuance costs of $1,091,794 and 613,915 respectively $ 246 $ 11,916,093 $ 571,868 $ 12,488,207
Public offering on June 9, 2015 and November 9, 2015 net of issuance costs of $1,091,794 and 613,915 respectively, Shares 2,469,091 [1] 123,455 [1]
Stock-based compensation expense $ 2,547,729 $ 2,547,729
Net loss (21,243,111) (21,243,111)
Balance at Jul. 31, 2015 $ 24,947 $ 71,572,714 $ 7,704,103 $ (46,606,143) $ 32,695,621
Balance, shares at Jul. 31, 2015 14,820,854 [1] 1,895,102 [1]
Exercise of common stock warrants $ 40 $ 9,960 $ (6,000) $ 4,000
Exercise of common stock warrants, shares 400,000 [1] (600,000) [1]
Exercise of common stock options, shares [2]        
Common stock issued for services $ 1 $ 55,386 $ 55,387
Common stock issued for services, shares 7,500 [1] [1]
Public offering on June 9, 2015 and November 9, 2015 net of issuance costs of $1,091,794 and 613,915 respectively $ 214 $ 5,047,405 $ 1,838,476 $ 6,886,095
Public offering on June 9, 2015 and November 9, 2015 net of issuance costs of $1,091,794 and 613,915 respectively, Shares 2,142,860 [1] 1,178,573 [1]
Public offering on May 26, 2016, net of issuance costs of $767,700 $ 67 $ 4,468,484 $ 4,715,304 $ 9,183,855
Public offering on May 26, 2016, net of issuance costs of $767,700, Shares 665,049 [1] 10,629,717 [1]
Cancellation of expired warrants $ 963,356 $ (963,356)
Cancellation of expired warrants, shares [1] (244,106) [1]
Stock-based compensation expense $ 6,116,660 $ 6,116,660
Net loss (26,888,514) (26,888,514)
Balance at Jul. 31, 2016 $ 25,269 $ 88,233,965 $ 13,288,527 $ (73,494,657) $ 28,053,104
Balance, shares at Jul. 31, 2016 18,036,263 [1] 12,859,286 [1]
[1] See Note 1, "Reverse Stock Split"
[2] Recast to reflect the 1-for-20 reverse stock split effected May 2015