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Stockholders’ Deficiency (Tables)

6 Months Ended

Jan. 31, 2015

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	)

- Definition

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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