Stock-Based Compensation (Tables)

3 Months Ended

12 Months Ended

Oct. 31, 2013

Jul. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Fair value of options granted

The following is the average of the data used to calculate the fair value for the options granted in the fiscal years ended July 31, 2011:

	Risk-Free			Expected		Expected			Expected
	Interest Rate			Life (Years)		Volatility			Dividends
July 31, 2011		0.13	%		5.0		101	%		-0-

Common stock options granted, forfeited or expired and exercised

			Weighted
			Average
			Exercise		Aggregate
			Price		Intrinsic
	Options		per Share		Value
Outstanding, August 1, 2012		29,701,197	$	0.080
Add: Granted		8,878,499		0.001
Less: Forfeited or expired		0		n/a
Less: Exercised		0		n/a
Outstanding, October 31, 2013		38,759,696	$	$  0.062	$	966,416
Exercisable, October 31, 2013		29,701,197	$	$ 0.080	$	708,940

The following is a summary of the common stock options granted, forfeited or expired and exercised under the Plan:

				Weighted Average
				Exercise Price
	Options			per Share
Outstanding - August 1, 2010		7,465,638		$	0.49
Granted		3,300,000		$	0.28
Forfeited or expired		(2,848,704	)	$	0.41
Exercised		(576,752	)	$	0.001
Outstanding - July 31, 2011		7,340,182		$	0.46
Granted		5,851,696		$	0.001
Forfeited or expired		(912,250	)	$	0.65
Exercised		(1,299,994	)	$	0.001
Outstanding - July 31, 2012		10,979,634		$	0.26
Granted		24,532,719		$	0.001
Forfeited or expired		(630,778	)	$	0.75
Exercised		(5,180,378	)	$	0.001
Outstanding - July 31, 2013		29,701,197		$	0.08
Exercisable - July 31, 2013		29,641,197		$	0.08

Non-vested common stock options granted, vested and forfeited

				Weighted Average
				Grant Date
	Options			Fair Value
Outstanding, August 1, 2012		60,000		$	0.460
Granted		8,878,499			0.029
Vested		(60,000	)		0.460
Forfeited		0			n/a
Outstanding, October 31, 2013		8,878,499		$	0.029

The following is a summary of the non-vested common stock options granted, vested and forfeited under the Plan:

				Weighted Average
				Grant Date
	Options			Fair Value
Outstanding - August 1, 2012		172,500		$	0.46
Granted		24,532,719		$	0.001
Vested		(24,618,969	)	$	0.016
Forfeited		(26,250	)	$	0.46
Outstanding - July 31, 2013		60,000		$	0.46

Information on stock options outstanding

The following table summarizes information on stock options outstanding at July 31, 2013:

	Options Outstanding
					Weighted
	Number		Weighted		Average
	Outstanding		Average		Remaining		Aggregate
Range of	at		Exercise		Life		Intrinsic
Exercise Price	July 31, 2013		Price		(Years)		Value
$0.001		24,446,197	$	0.001		4.49
$0.19 - $0.38		3,150,000	$	0.28		2.60
$0.39 - $0.58		200,000	$	0.56		1.24
$0.59 - $0.77		1,485,000	$	0.63		4.31
$0.78 - $0.96		420,000	$	0.94		1.24
		29,701,197	$	0.08		4.21	$	812,259

	Options Exercisable
					Weighted
	Number		Weighted		Average
	Outstanding		Average		Remaining		Aggregate
Range of	at		Exercise		Life		Intrinsic
Exercise Price	July 31, 2013		Price		(Years)		Value
$0.001 - $0.18		24,446,197	$	0.001		4.49
$0.19 - $0.38		3,150,000	$	0.28		2.60
$0.39 - $0.58		200,000	$	0.56		1.24
$0.59 - $0.77		1,425,000	$	0.63		4.44
$0.78 - $0.96		420,000	$	0.94		1.24
		29,641,197	$	0.08		4.22	$	812,259

Intrinsic value of stock options

	For the Year Ended July 31,
	2013		2012		2011
Weighted Average Grant Date Fair Value of Options Granted	$	0.033	$	0.09	$	0.21
Aggregate Intrinsic Value of Options Exercised	$	178,040	$	119,214	$	166,681
Cash Received for Exercise of Stock Options	$	5,180	$	1,299	$	577

The intrinsic value is calculated as the difference between the market value as of July 31, 2012, 2011 and 2010 and the exercise price of the shares on the respective dates.