XML 1010 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Jul. 31, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

The following is the average of the data used to calculate the fair value for the options granted in the fiscal years ended July 31, 2011 and 2010:

 

 

 

Risk-Free

 

 

Expected

 

 

Expected

 

 

Expected

 

 

 

Interest Rate

 

 

Life (Years)

 

 

Volatility

 

 

Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2011

 

 

0.013

%

 

 

5.0

 

 

 

101

%

 

 

-0-

 

July 31, 2010

 

 

0.14

%

 

 

6.5

 

 

 

104

%

 

 

-0-

 

Schedule of Stock Options Roll Forward [Table Text Block]

The following is a summary of the common stock options granted, forfeited or expired and exercised under the Plan:

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

Exercise Price

 

 

 

Options

 

 

per Share

 

 

 

 

 

 

 

 

Outstanding - August 1, 2009

 

 

5,067,138

 

 

$

0.44

 

Granted

 

 

2,705,000

 

 

$

0.63

 

Forfeited

 

 

(270,000

)

 

$

0.92

 

Expired

 

 

(36,500

)

 

$

0.63

 

Exercised

 

 

 

 

$

0.00

 

Outstanding - July 31, 2010

 

 

7,465,638

 

 

$

0.49

 

Granted

 

 

3,300,000

 

 

$

0.28

 

Forfeited or expired

 

 

(2,848,704

)

 

$

0.41

 

Exercised

 

 

(576,752

)

 

$

0.001

 

Outstanding - July 31, 2011

 

 

7,340,182

 

 

$

0.46

 

Granted

 

 

5,851,696

 

 

$

0.001

 

Forfeited or expired

 

 

(912,250

)

 

$

0.65

 

Exercised

 

 

(1,299,994

)

 

$

0.001

 

Outstanding - July 31, 2012

 

 

10,979,634

 

 

$

0.26

 

Exercisable - July 31, 2012

 

 

10,807,134

 

 

$

0.25

 

 

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following is a summary of the non-vested common stock options granted, vested and forfeited under the Plan:

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

Grant Date

 

 

 

Options

 

 

Fair Value

 

 

 

 

 

 

 

 

Outstanding - August 1, 2011

 

 

845,836

 

 

$

0.50

 

Granted

 

 

5,851,696

 

 

$

0.001

 

Vested

 

 

(6,322,532

)

 

$

0.04

 

Forfeited

 

 

(202,500

)

 

$

0.46

 

Outstanding - July 31, 2012

 

 

172,500

 

 

$

0.46

 

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table summarizes information on stock options outstanding at July 31, 2012:

 

 

 

Options Outstanding

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Number

 

 

Weighted

 

 

Average

 

 

 

 

 

 

Outstanding

 

 

Average

 

 

Remaining

 

 

Aggregate

 

Range of

 

at

 

 

Exercise

 

 

Life

 

 

Intrinsic

 

Exercise Price

 

July 31, 2012

 

 

Price

 

 

(Years)

 

 

Value

 

$0.001 - $0.18

 

 

5,093,856

 

 

$

0.001

 

 

 

4.61

 

 

 

 

 

$0.19 - $0.56

 

 

3,250,000

 

 

$

0.28

 

 

 

3.60

 

 

 

 

 

$0.57 - $0.63

 

 

200,000

 

 

$

0.56

 

 

 

2.24

 

 

 

 

 

$0.64 - $0.65

 

 

1,658,500

 

 

$

0.63

 

 

 

4.98

 

 

 

 

 

$0.66 - $0.96

 

 

777,278

 

 

$

0.94

 

 

 

2.24

 

 

 

 

 

 

 

 

10,979,634

 

 

$

0.26

 

 

 

4.16

 

 

$

468,635

 

 

 

 

Options Exercisable

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Number

 

 

Weighted

 

 

Average

 

 

 

 

 

 

Outstanding

 

 

Average

 

 

Remaining

 

 

Aggregate

 

Range of

 

at

 

 

Exercise

 

 

Life

 

 

Intrinsic

 

Exercise Price

 

July 31, 2012

 

 

Price

 

 

(Years)

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$0.001 - $0.18

 

 

5,093,856

 

 

$

0.001

 

 

 

4.61

 

 

 

 

 

$0.19 - $0.56

 

 

3,250,000

 

 

$

0.28

 

 

 

3.60

 

 

 

 

 

$0.57 - $0.63

 

 

200,000

 

 

$

0.56

 

 

 

2.24

 

 

 

 

 

$0.64 - $0.65

 

 

1,486,000

 

 

$

0.63

 

 

 

4.98

 

 

 

 

 

$0.66 - $0.96

 

 

777,278

 

 

$

0.94

 

 

 

2.24

 

 

 

 

 

 

 

 

10,807,134

 

 

$

0.25

 

 

 

4.19

 

 

$

468,635

 

 

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

For the Year Ended July 31,

 

 

 

2012

 

 

2011

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Grant Date Fair Value of Options Granted

 

$

0.09

 

 

$

0.21

 

 

$

0.53

 

Aggregate Intrinsic Value of Options Exercised

 

$

119,214

 

 

$

166,681

 

 

$

 

Cash Received for Exercise of Stock Options

 

$

1,299

 

 

$

577

 

 

$

 

 

The intrinsic value is calculated as the difference between the market value as of July 31, 2012, 2011 and 2010 and the exercise price of the shares on the respective dates.