Accounts Payable and Accrued Expenses:

9 Months Ended

Apr. 30, 2013

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note 5 – Accounts Payable and Accrued Expenses:

Accounts payable and accrued expenses consist of the following:

	April 30, 2013		July 31, 2012
	(Unaudited)		(Audited)
Accounts Payable and Accruals – General and Administrative	$	3,640,370	$	3,556,160
Accounts Payable and Accruals – Research and Development		3,263,481		2,691,192
Accounts Payable and Accruals – Selling and Marketing		323,953		290,534
Accrued Make-whole Payments on Convertible Preferred Stock (see Note 10)		143,370		402,300
Executive Compensation and Directors’ Fees Payable		55,745		75,466
Total	$	7,426,919	$	7,015,652