Series A, B, C, D & E 9% Convertible Preferred Stock (Tables)

12 Months Ended

3 Months Ended

12 Months Ended

Jul. 31, 2012

Series B Convertible Preferred Stock

Jan. 31, 2013

Series C Convertible Preferred Stock

Jul. 31, 2013

Series E Convertible Preferred Stock

Fair value of Accounting allocation of initial proceeds

The fair values assigned to each component and the calculation of the amount of the deemed dividend are as follows:

Accounting allocation of initial proceeds
	Net proceeds	$1,975,000
	Derivative warrant liability fair value	(1,811,746)
	Make-whole payments liability	(540,000)
	Deemed dividend	$(376, 746)

The fair values assigned to each component and the calculation of the amount of the deemed dividend are as follows:

Accounting allocation of initial proceeds
Net proceeds	$	725,000
Derivative warrant liability fair value		(624,797	)
Make whole payments liability		(202,500	)
Deemed dividend	$	(102,297	)

The fair values assigned to each component and the calculation of the amount of the deemed dividend are as follows:

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	)