Accounts Payable and Accrued Expenses

12 Months Ended

Jul. 31, 2014

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,
		2014		2013
Accounts Payable and Accruals - General and Administrative	$	3,208,069	$	3,447,618
Accounts Payable and Accruals - Research and Development		3,955,543		3,557,184
Accounts Payable and Accruals - Selling and Marketing		327,067		328,629
Accrued Make-whole Payments on Covertible Preferred Stock (see Note 9)		337,500		251,100
Executive Compensation and Directors’ Fees Payable		205,943		76,703
Total	$	8,034,122	$	7,661,234