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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 12 Months Ended 189 Months Ended 198 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Apr. 30, 2012
Apr. 30, 2011
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2009
Jul. 31, 2011
Apr. 30, 2012
Revenues, net $ 7,012 $ 65,583 $ 21,901 $ 269,086 $ 291,628 $ 1,172,611 $ 1,118,509 $ 5,082,133 $ 5,104,034
Cost of Goods Sold 2,230 55,482 9,122 143,360 155,619 812,266 527,733 1,609,266 1,618,388
Gross profit 4,782 10,101 12,779 125,726 136,009 360,345 590,776 3,472,867 3,485,646
Operating Expenses:                  
Research and development 1,127,047 1,754,325 3,835,715 7,859,382 10,250,397 13,361,156 13,561,681 126,988,728 130,824,443
Research and development - related party 0 0 0 0 0 0 0 220,218 220,218
Selling and marketing 18,258 207,848 167,316 806,798 1,025,774 3,709,767 2,120,903 9,168,039 9,335,355
General and administrative 1,325,747 3,109,887 3,732,027 10,262,883 13,392,920 12,719,239 11,164,352 142,912,977 146,645,004
General and administrative - related party 0 0 0 0 0 0 0 314,328 314,328
Total Operating Expenses 2,471,052 5,072,060 7,735,058 18,929,063 24,669,091 29,790,162 26,846,936 279,604,290 287,339,348
Operating Loss (2,466,270) (5,061,959) (7,722,279) (18,803,337) (24,533,082) (29,429,817) (26,256,160) (276,131,423) (283,853,702)
Other Income/(Expense):                  
Miscellaneous income (expense) 0 0 0 488,959 489,292 750 3 686,303 686,303
Income from assets held for investment, net 1,148,526 70,450 1,928,850 236,732 349,458 206,575 320,547 2,128,041 4,056,891
Interest income 450 1,154 1,215 5,985 6,455 27,045 237,977 7,780,374 7,781,589
Interest expense (423,674) (52,301) (518,506) (153,385) (208,906) (210,083) (20,114,595) (68,416,157) (68,934,663)
Change in fair value of derivative liabilities 2,608,825 925,703 (1,603,720) 1,993,920 2,220,916 4,125,590 0 365,463 [1] (1,238,257)
Loss on extinguishment of debt 0 0 0 0 0 0 0 (14,134,068) (14,134,069)
Net (Loss)/Income Before Undernoted 867,857 (4,116,953) (7,914,440) (16,231,126) (21,675,867) (25,279,940) (45,812,228) (347,721,467) (355,635,907)
Minority Interest Share of Loss 0 0 0 0 0 0 0 3,038,185 3,038,185
Net (Loss) /Income 867,857 (4,116,953) (7,914,440) (16,231,126) (21,675,867) (25,279,940) (45,812,228) (344,683,282) (352,597,722)
Preferred Stock Dividend 376,746 0 376,746 0 766,417 0 0 3,061,474 3,438,220
Net (Loss)/Income Available to Common Stockholders $ 491,111 $ (4,116,953) $ (8,291,186) $ (16,231,126) $ (22,442,284) $ (25,279,940) $ (45,812,228) $ (347,744,756) $ (356,035,942)
Basic and Diluted Net Loss Per Common Share (in dollars per share)         $ (0.08) $ (0.10) $ (0.32)    
Weighted Average Number of Shares of Common Stock Outstanding - basic and diluted (in shares)         284,818,486 250,949,333 144,409,840    
Net (Loss)/Income Per Common Share (Note 9)                  
Basic (in dollars per share) $ 0.003 $ (0.010) $ (0.024) $ (0.060)          
Diluted (in dollars per share) $ 0.003 $ (0.010) $ (0.024) $ (0.060)          
Shares Used to Compute (Loss)/Earnings per Share (Note 9)                  
Basic (in shares) 345,539,723 292,370,915 326,340,807 279,968,884          
Diluted (in shares) 345,543,799 292,370,915 326,340,807 279,968,884          
[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.