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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 12 Months Ended 189 Months Ended 195 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2009
Jul. 31, 2011
Jan. 31, 2012
Cash Flows From Operating Activities:              
Net loss $ (8,782,297) $ (12,114,173) $ (21,675,867) $ (25,279,940) $ (45,812,228) $ (344,683,282) $ (353,465,579)
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation and amortization 320,127 375,765 742,961 780,250 805,806 9,295,882 9,616,009
Minority interest share of loss 0 0 0 0 0 (3,038,185) (3,038,185)
Reduction of notes receivable - common stock in exchange for services rendered 0 0 0 0 0 423,882 423,882
Write-off of uncollectible notes receivable - common stock 0 0 0 0 0 391,103 391,103
Write-off of deferred offering costs 0 0 0 0 0 3,406,196 3,406,196
Write-off of abandoned patents 88,582 0 0 0 0 913,196 1,001,778
(Gain) Loss on disposal of property and equipment (726,464) 0 35,878 0 0 36,789 (689,675)
Loss on extinguishment of debt 0 0 0 0 0 14,134,069 14,134,069
Common stock issued as employee compensation 11,783 50,500 100,999 101,002 198,128 3,881,394 3,893,177
Amortization of options and option modifications as stock compensation 44,415 140,241 936,465 1,765,381 34,418 2,808,842 2,853,257
Common stock issued for services rendered 393,145 1,681,795 1,990,005 1,755,200 1,536,431 13,807,834 14,200,979
Amortization of prepaid services in conjunction with common stock issuance 0 0 0 0 0 138,375 138,375
Non-cash compensation expense 0 0 0 0 0 45,390 45,390
Stock options and warrants issued for services rendered 0 0 0 591,000 11,000 7,956,723 7,956,723
Issuance of warrants as additional exercise right inducement 0 0 0 0 0 21,437,909 21,437,909
Preferred stock issued for services rendered 0 0 0 0 0 100 100
Treasury stock redeemed for non-performance of services 0 0 0 0 0 (138,000) (138,000)
Amortization of deferred debt issuance costs and loan origination fees 0 0 0 0 717,694 2,405,629 2,405,629
Amortization of discount on convertible debentures 0 0 0 0 15,931,481 38,345,592 38,345,592
Common stock issued for interest on convertible debentures & preferred stock 347,490 0 0 0 473,055 757,514 1,105,004
Interest on short-term advance 0 0 0 0 0 22,190 22,190
Founders' shares transferred for services rendered 0 0 0 0 0 353,506 353,506
Fees in connection with refinancing of debt 0 0 0 0 0 113,274 113,274
Warrant repricing costs 0 0 0 0 3,198,604 3,198,604 3,198,604
Change in fair value of derivative warrant liability 4,212,545 (1,068,217) (2,220,916) (4,125,590) 0 (365,463) [1] 3,847,082 [2]
Changes in operating assets and liabilities (excluding the effects of acquisition):              
Accounts receivable 8,472 51,910 62,200 (12,482) 14,146 (23,517) (15,045)
Miscellaneous receivables 0 0 0 0 0 43,812 43,812
Inventory 215,834 349,004 1,197,768 (618,401) 147,591 (736,483) (520,649)
Other current assets (116,509) 65,997 116,171 601,115 (379,487) (203,894) (320,403)
Accounts payable and accrued expenses (617,777) 29,203 1,811,120 1,878,296 462,520 16,242,556 15,624,779
Deferred revenue (11,426) (4,133) (28,152) 252,042 13,325 362,727 351,301
Other, net 0 0 0 0 0 110,317 110,317
Net Cash Used in Operating Activities (4,612,080) (10,442,108) (16,931,368) (22,312,127) (22,647,516) (208,555,419) (213,167,499)
Cash Flows From Investing Activities:              
Purchase of property and equipment (2,416) (51,798) (52,383) (159,708) (1,385) (4,807,023) (4,809,439)
Proceeds from sale of property and equipment 1,788,554 0         1,788,554
Costs incurred for patents (82,530) (109,486) (234,984) (228,777) (152,148) (2,666,271) (2,748,801)
Change in restricted cash 0 0 0 0 0 512,539 512,539
Proceeds from maturity of short term investments 0 0 0 0 8,852,214 195,242,918 195,242,918
Purchases of short-term investments 0 0 0 0 0 (195,242,918) (195,242,918)
Cash received in conjunction with merger 0 0 0 0 0 82,232 82,232
Advances to Antigen Express, Inc. 0 0 0 0 0 (32,000) (32,000)
Increase in officers' loans receivable 0 0 0 0 0 (1,126,157) (1,126,157)
Change in deposits 0 0 0 0 0 (652,071) (652,071)
Change in notes receivable - common stock 0 0 0 0 0 (91,103) (91,103)
Change in due from related parties 0 0 0 0 0 (2,222,390) (2,222,390)
Other, net 0 0 0 0 0 89,683 89,683
Net Cash Provided by/(Used in) Investing Activities 1,703,608 (161,284) (287,367) (388,485) 8,698,681 (10,912,561) (9,208,953)
Cash Flows From Financing Activities:              
Proceeds from short-term advance 0 0 0 0 0 325,179 325,179
Repayment of short-term advance 0 0 0 0 0 (347,369) (347,369)
Proceeds from issuance of long-term debt 1,351,472 0 0 0 0 2,005,609 3,357,081
Repayment of long-term debt (701,363) (55,996) (116,632) (100,030) (82,682) (2,241,188) (2,942,551)
Repayment of obligations under capital lease 0 (7,818) (7,818) (39,950) (35,234) (83,002) (83,002)
Change in due to related parties 0 0 0 0 0 154,541 154,541
Proceeds from exercise of warrants 30,000 0 0 1,574,062 109,170 45,698,281 45,728,281
Proceeds from exercise of stock options 0 577 577 0 56,000 5,002,493 5,002,493
Proceeds from minority interest investment 0 0 0 0 0 3,038,185 3,038,185
Proceeds from issuance of preferred stock 0 0 2,315,000 0 0 14,330,000 14,330,000
Redemption of SVR preferred stock 0 0 0 0 0 (100) (100)
Proceeds from issuance of convertible debentures, net 0 0 0 0 0 40,704,930 40,704,930
Payment of costs associated with convertible debentures 0 0 0 0 0 (722,750) (722,750)
Repayments of convertible debentures 0 0 0 0 (4,506,667) (5,142,424) (5,142,424)
Purchase of treasury stock 0 0 0 0 0 (483,869) (483,869)
Proceeds from issuance of common stock, net 0 2,925,000 3,939,000 20,900,289 15,453,234 120,576,242 120,576,242
Purchase and retirement of common stock 0 0 0 0 0 (497,522) (497,522)
Net Cash Provided by Financing Activities 680,109 2,861,763 6,130,127 22,334,371 10,993,821 222,317,236 222,997,345
Effect of Exchange Rates on Cash (25,657) (10,497) 6,535 50,063 (85,448) (50,459) (76,116)
Net (Decrease)/Increase in Cash and Cash Equivalents (2,254,020) (7,752,126) (11,082,073) (316,178) (3,040,462) 2,798,797 544,777
Cash and Cash Equivalents, Beginning of Period 2,798,797 13,880,870 13,880,870 14,197,048 17,237,510 0 0
Cash and Cash Equivalents, End of Period 544,777 6,128,744 2,798,797 13,880,870 14,197,048 2,798,797 544,777
Supplemental Disclosure of Cash Flow Information:              
Interest 94,832 103,393          
Income taxes 0 0          
Disclosure of non-cash investing and financing activities:              
Issuance of common stock as satisfaction of accounts payable and accrued expenses 0 1,008,220          
Par value of common stock issued in conjunction with cashless exercise of warrants 9,782 998          
Issuance of common stock as interest on convertible preferred stock $ 347,490 $ 0          
[1] (1) - includes $5,981,403 as adjustment related to the adoption of FASB ASC Topic 815 in "Cumulative from November 2, 1995 (Date of Inception) to July 31, 2011" column. See Note 13 - Derivative Warrant Liability.
[2] Includes $5,981,403 as adjustment related to the adoption of FASB ASC Topic 815 in "Cumulative from November 2, 1995 (Date of Inception) to January 31, 2012" column. See Note 11 - Derivative Warrant Liability.