XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2011
Jul. 31, 2011
ASSETS    
Cash and cash Equivalents $ 1,069,503 $ 2,798,797
Accounts receivable 1,736 8,690
Inventory (Note 5) 500,571 717,442
Other current assets 193,550 225,052
Total Current Assets 1,765,360 3,749,981
Property and Equipment, Net 1,197,809 1,271,867
Assets Held for Investment, Net 2,443,119 3,634,929
Patents, Net 3,186,648 3,349,588
TOTAL ASSETS 8,592,936 12,006,365
LIABILITIES AND STOCKHOLDERS' (DEFICIENCY)/EQUITY    
Accounts payable and accrued expenses (Note 6) 7,692,954 7,738,179
Deferred revenue 362,403 369,748
Current maturities of long-term debt 500,714 1,210,271
Total Current Liabilities 8,556,071 9,318,198
Long-Term Debt, Net 1,776,150 1,869,795
Derivative Warrant Liability (Note 11) 6,054,799 8,745,508
Derivative Additional Investment Rights Liability (Note 11) 77,250 515,000
Total Liabilities 16,464,270 20,448,501
Commitments and Contingencies (Notes 7 and 8)      
Stockholders' (Deficiency)/Equity (Note 10):    
Common stock, $.001 par value; authorized 750,000,000 shares at October 31, 2011 and July 31, 2011, respectively; 316,616,812 and 308,519,768 shares issued and outstanding at October 31, 2011 and July 31, 2011, respectively 316,617 308,520
Additional paid-in capital 338,411,586 338,124,525
Deficit accumulated during the development stage (347,408,402) (347,744,756)
Accumulated other comprehensive income 808,865 869,575
Total Stockholders' (Deficiency)/Equity (7,871,334) (8,442,136)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIENCY)/EQUITY 8,592,936 12,006,365
Series A Convertible Preferred Stock [Member]
   
Stockholders' (Deficiency)/Equity (Note 10):    
Series A 9% Convertible Preferred Stock, $1,000 par value; authorized 5,500 shares at October 31, 2011 and July 31, 2011, respectively ; 500 and 1,287 shares issued and outstanding at October 31, 2011 and July 31, 2011, respectively $ 0 $ 0