Stockholders’ Deficiency (Tables)

3 Months Ended

Oct. 31, 2014

Stockholders’ deficiency transactions

	Common Stock				Additional Paid-In Capital			Stockholders’ Deficiency
	Shares		Amount
Balance at August 1 2014	778,512,092	$	778,512	$	362,307,678		$	(6,090,058	)
Issuance of common stock on conversion of convertible preferred stock	7,225,001		7,225		(7,225	)		—
Issuance of common stock as make-whole payments on convertible preferred stock	2,799,402		2,799		55,723			58,523
Issuance of common stock for services	770,000		770		20,280			21,050
Exercise of employee stock options	542,154		542		—			542
Balance at October 31, 2014	789,848,649	$	789,848	$	362,376,456
Other changes to Stockholder’s Deficiency
Net income for quarter ended October 31, 2014								49,623
Currency translation adjustment								3,517
Stockholders’ Deficiency at October 31, 2014							$	(5,956,803)

Series E Convertible Preferred Stock

Accounting allocation of initial proceeds

Accounting allocation of initial proceeds
Net proceeds	$	750,000
Derivative warrant liability fair value		(942,279	)
Other issuance costs (finders’ fee)		(64,000	)
Make whole payments liability		(216,000	)
Deemed dividend	$	(472,279	)

Series F Convertible Preferred Stock

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	)
Other issuance costs (finders’ fee)		(166,000	)
Make whole payments liability		(560,250	)
Deemed dividend	$	(1,586,050	)