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Stockholders’ Deficiency (Tables)

3 Months Ended

Apr. 30, 2014

Jan. 31, 2014

Jul. 31, 2013

Equity [Abstract]

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			64,499,998			$	64,500			$	(64,500	)		$	0
Issuance of common stock as make-whole payments on convertible preferred stock			18,000,194				18,000				504,450				522,450
Issuance of common stock for services			5,683,333				5,683				224,817				230,500
Issuance of common stock as employee compensation			4,333,333				4,333				125,667				130,000
Issuance of common stock for cash warrant exercises			76,732,020				76,731				4,419,725				4,496,457
Issuance of options in lieu of deferred salary			—				—				257,505				257,505
Exercise of employee stock options			526,306				526				—				526
Partial exercise of additional investment rights			—				—				237,566				237,566

Amortization of stock options as employee compensation			—				—				5,365				5,365
Total			169,775,184			$	169,775			$	5,710,595			$	5,880,369

Summary of warrants issued, forfeited or expired and exercised

		Warrants
Outstanding, August 1, 2013			238,229,939
Plus: Issued			95,833,335
Less: Exercised			76,732,022
Outstanding, April 30, 2014			257,331,254

Accounting allocation of initial proceeds

Accounting allocation of initial proceeds
Net proceeds		$	2,020,000
Derivative warrant liability fair value			(2,016,064	)
Derivative additional investment rights fair value			(863,735	)
Make whole payments liability			(560,250	)
Deemed dividend		$	(1,420,050	)

Accounting allocation of initial proceeds
Net proceeds		$	750,000
Derivative warrant liability fair value			(942,279	)
Make whole payments liability			(216,000	)
Deemed dividend		$	(408,279	)

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	)

Tabular disclosure of information pertaining to auction market preferred securities, including liquidation preference, liquidation value, par value, rate setting interval, redemption requirements, dividend distributions, roll forward of shares outstanding, shares authorized, aggregate value of auction market preferred securities, variable interest rate earned, and other information necessary to a fair presentation. If redeemable, the auction market preferred securities are redeemable solely at the option of the issuer.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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