XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 12 Months Ended 201 Months Ended 210 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2013
Apr. 30, 2012
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2012
Apr. 30, 2013
Revenues, net $ 0 $ 7,012 $ 0 $ 21,901 $ 28,651 $ 291,628 $ 1,172,611 $ 5,110,784 $ 5,110,784
Cost of Goods Sold 0 2,230 0 9,122 11,109 155,619 812,266 1,620,375 1,620,375
Gross profit 0 4,782 0 12,779 17,542 136,009 360,345 3,490,409 3,490,409
Operating Expenses:                  
Research and development 478,110 1,127,047 1,631,987 3,835,715 4,987,236 10,250,397 13,361,156 131,975,964 133,607,951
Research and development - related party 0 0 0 0 0 0 0 220,218 220,218
Selling and marketing 0 18,258 0 167,316 165,175 1,025,774 3,709,767 9,333,214 9,333,214
General and administrative 955,530 1,325,747 3,032,464 3,732,027 4,889,179 13,392,920 12,719,239 147,802,156 150,834,620
General and administrative - related party 0 0 0 0 0 0 0 314,328 314,328
Total Operating Expenses 1,433,640 2,471,052 4,664,451 7,735,058 10,041,590 24,669,091 29,790,162 289,645,880 294,310,331
Operating Loss (1,433,640) (2,466,270) (4,664,451) (7,722,279) (10,024,048) (24,533,082) (29,429,817) (286,155,471) (290,819,922)
Other Income (Expense):                  
Miscellaneous income (expense) 0 0 0 0 0 489,292 750 686,303 686,304
Income from assets held for investment, net (Note 3) 126,701 1,148,526 1,210,567 1,928,850 2,206,216 349,458 206,575 4,334,257 5,544,824
Interest income 22 450 329 1,215 1,519 6,455 27,045 7,781,893 7,782,221
Interest expense (86,421) (423,674) (453,677) (518,506) (592,525) (208,906) (210,083) (69,008,682) (69,462,359)
Change in fair value of derivative liabilities (Note 12) 2,690,786 2,608,825 (1,092,504) (1,603,720) (1,081,440) 2,220,916 4,125,590 (715,977) [1] (1,808,481) [2]
Loss on extinguishment of debt 0 0 0 0 0 0 0 (14,134,068) (14,134,068)
Net Loss Before Undernoted 1,297,448 867,857 (4,999,736) (7,914,440) (9,490,278) (21,675,867) (25,279,940) (357,211,745) (362,211,481)
Minority Interest Share of Loss 0 0 0 0 0 0 0 3,038,185 3,038,185
Net loss 1,297,448 867,857 (4,999,736) (7,914,440) (9,490,278) (21,675,867) (25,279,940) (354,173,560) (359,173,296)
Preferred Stock Dividend 0 376,746 102,297 376,746 376,746 766,417 0 3,438,220 3,540,517
Net Loss Available to Common Stockholders $ 1,297,448 $ 491,111 $ (5,102,033) $ (8,291,186) $ (9,867,024) $ (22,442,284) $ (25,279,940) $ (357,611,780) $ (362,713,813)
Net (Loss)/Income Per Common Share (Note 8)                  
Basic $ 0.003 $ 0.003 $ (0.012) $ (0.024)          
Diluted $ 0.002 $ 0.003 $ (0.012) $ (0.024)          
Basic and Diluted Net Loss Per Common Share (Note 16) (in dollars per share)   $ 0.003     $ (0.03) $ (0.08) $ (0.10)    
Shares Used to Compute (Loss)/Earnings per Share (Note 8)                  
Basic 491,220,657 345,539,723 413,135,599 326,340,807          
Diluted 713,150,718 345,543,799 413,135,599 326,340,807          
Weighted Average Number of Shares of Common Stock Outstanding - basic and diluted (Note 16) (in shares)         332,333,583 284,818,486 144,409,840    
[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, 2012" column. See Note 12 - Derivative Liabilities.
[2] 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 April 30, 2013" column. See Note 11 - Derivative Warrant Liability.