Accounts Payable and Accrued Expenses

12 Months Ended

Jul. 31, 2013

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

Note 6 - Accounts Payable and Accrued Expenses:

Accounts payable and accrued expenses consist of the following:

	July 31,
	2013		2012
Accounts Payable & Accruals – General and Administrative	$	3,447,618	$	3,556,160
Accounts Payable & Accruals – Research and Development		3,557,184		2,691,192
Accounts Payable & Accruals – Selling and Marketing		328,629		290,534
Accrued Make Whole Payments on Convertible Preferred Stock (see Note 9)		251,100		402,300
Executive Compensation and Directors’ Fees Payable		76,703		75,466
Total	$	7,661,234	$	7,015,652