Accounts Payable and Accrued Expenses

12 Months Ended

Jul. 31, 2012

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note 7 - Accounts Payable and Accrued Expenses:

Accounts payable and accrued expenses consist of the following:

	July 31,
	2012		2011
Accounts Payable & Accruals – General and Administrative	$	3,556,160	$	4,805,091
Accounts Payable & Accruals – Research and Development		2,691,192		2,151,333
Accounts Payable & Accruals – Selling and Marketing		290,534		434,265
Accrued Make Whole Payments on Convertible Preferred Stock (see Note 11)		402,300		347,490
Executive Compensation and Directors’ Fees Payable		75,466		—
Total	$	7,015,652	$	7,738,179