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Stockholders’ (Deficiency)/Equity (Tables)
3 Months Ended 12 Months Ended
Oct. 31, 2013
Jul. 31, 2013
Equity [Abstract]    
Warrants to purchase common stock outstanding
    Warrants  
Outstanding, August 1, 2013     238,229,939  
Less: Exercised     2,166,666  
Outstanding, October 31, 2013     236,063,273  

As of July 31, 2013, the Company has the following warrants to purchase common stock outstanding:

 

Number of Shares     Warrant Exercise     Warrant
To be Purchased     Price per Share     Expiration Date
                 
  8,470,661     $ 0.76     December 15, 2014
  3,413,928     $ 0.79     February 4, 2015
  300,000     $ 0.39  (average)   February 9, 2015
  200,000     $ 1.25     March 7, 2015
  5,157,813     $ 1.00     March 15, 2015
  102,016,744     $ 0.03     March 31, 2016*
  2,508,560     $ 0.03     July 11, 2016*
  27,272,720     $ 0.03     September 30, 2016*
  7,500,000     $ 0.03     February 1, 2017*
 

16,389,512

    $ 0.03     August 10, 2017*
 

24,166,666

    $ 0.03     December 12, 2017*
 

40,833,335

    $ 0.03     June 17, 2018*
  238,229,939              

 

* Subject to price protection provisions as described below.

Stockholders’ deficiency transactions

 

       Additional   Change to 
   Common Stock   Paid-In   Stockholders 
   Shares   Amount   Capital   Equity 
                 
Issuance of common stock on conversion of convertible preferred stock   18,666,665   $18,667   $(18,667)  $0 
Issuance of common stock as make-whole payments on convertible preferred stock   5,201,739    5,202    145,998    151,200 
Issuance of common stock for services   616,667    617    37,883    38,500 
Issuance of common stock as employee compensation   4,333,333    4,333    125,667    130,000 
Issuance of common stock for cash warrant exercises   2,166,666    2,166    110,676    112,842 
Issuance of options in lieu of deferred salary           257,505    257,505 
Amortization of stock options as employee compensation           5,365    5,365 
Total   30,985,070   $30,985   $664,427   $$ 695,412 

 

 
Accounting allocation of initial proceeds
  Accounting allocation of initial proceeds    
  Net proceeds   $ 1,165,000  
  Derivative warrant liability fair value     (1,189,744 )
  Derivative additional investment rights fair value     (1,264,683 )
  Make whole payments liability     (330,750 )
  Deemed dividend   $ (1,620,177 )