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Derivative Liabilities (Tables)
6 Months Ended 12 Months Ended
Jan. 31, 2013
Jul. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Schedule Of Derivative Warrant Liability [Table Text Block]
                                The following summarizes the changes in the value of the derivative warrant liability from August 1, 2011 until January 31, 2013:

Value No. of Warrants
Balance at August 1, 2011 – Derivative warrant liability $ 8,745,508 80,234,017
Exercise of warrants classified as derivative liability (7,230,734 ) (49,863,260 )
Additional warrants issued in February 2012 financing 1,811,746 13,333,333
Additional warrants from price protection features of existing warrants 1,548,813 11,444,440
Decrease in fair value of derivative warrant liability (793,706 ) n/a
Balance at July 31, 2012 – Derivative warrant liability $ 4,081,627 55,148,530
Additional warrants issued in August 2012 financing 624,797 9,375,000
Additional warrants issued in December 2012 financing 762,355 24,999,999
Additional warrants from price protection features of existing warrants 7,484,550 236,219,094
Exercise of warrants (3,087,279 ) (109,428,097 )
Decrease in fair value of derivative warrant liability (3,738,952 ) n/a
$ 6,127,098 216,314,526
 
 
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
                                The key inputs used in the January 31, 2013 and July 31, 2012 fair value calculations were as follows:

January 31, 2013 July 31, 2012
Current exercise price $ 0.03 $ 0.15
Time to expiration 3.61 years 3.9 years
Risk-free interest rate 0.65 % 0.45 %
Estimated volatility 84 % 104 %
Dividend -0- -0-
Stock price at period end date $ 0.045 $ 0.093
 
                                     The key inputs used in the July 31, 2012 and 2011 fair value calculations were as follows:

 

    July 31, 2012     July 31, 2011  
             
Current exercise price   $ 0.15     $ 0.15 and $0.25  
Time to expiration     3.9 years       4.7 years  
Risk-free interest rate     0.45 %     1.23 %
Estimated volatility     104 %     108 %
Dividend     -0-       -0-  
Stock price at period end date   $ 0.093     $ 0.13