XML 76 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
12 Months Ended
Jul. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Common stock options granted, forfeited or expired and exercised

 

    Options    

Weighted Average Exercise Price

per Share

Outstanding - August 1, 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
Granted   8,879,499   $ 0.001
Forfeited or expired   (90,000)   $ 0.53
Exercised   (526,306)   $ 0.001
Outstanding - July 31, 2013   37,964,390   $ 0.06
Exercisable - July 31, 2014   37,964,390   $ 0.06

Non-vested common stock options granted, vested and forfeited

    Options    

Weighted Average Grant Date

Fair Value

Outstanding - August 1, 2011   60,000   $ 0.46
Granted   8,879,499   $ 0.029
Vested   (8,939,499)   $ 0.031
Outstanding - July 31, 2014   -0-     n/a

Information on stock options outstanding

 

    Options Outstanding and Options Exercisable
Range of Exercise Price   Number Outstanding at July 31, 2014     Weighted Average Exercise Price  

Weighted Average Remaining Life

(Years)

    Aggregate Intrinsic Value
$ 0.001   32,799,390   $ 0.001   3.68      
$ 0.19 - $ 0.38   3,100,000   $ 0.285   1.63      
$ 0.39 - $ 0.58   200,000   $ 0.560   0.24      
$ 0.59 - $ 0.77   1,470,000   $ 0.633   3.34      
$ 0.78 - $ 0.96   395,000   $ 0.940   0.24      
    37,964,390   $ 0.061   3.45   $ 655,988
Intrinsic value of stock options

    For the Year Ended July 31,
      2014     2013     2012
Weighted Average Grant Date Fair Value of Options Granted   $ 0.029   $ 0.003   $ 0.09
Aggregate Intrinsic Value of Options Exercised   $ 21,052   $ 178,040   $ 119,214
Cash Received for Exercise of Stock Options   $ 526   $ 5,180   $ 1,299