Series A, B, C, D, E, F & G 9% Convertible Preferred Stock (Tables)

12 Months Ended

Jul. 31, 2015

Series F Convertible Preferred Stock

Fair value of Accounting allocation of initial proceeds - Series F

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)

Series G Convertible Preferred Stock

Fair value of Accounting allocation of initial proceeds - Series F

Accounting allocation of initial proceeds
Net proceeds	$	475,000
Derivative warrant liability fair value		(354,535	)
Derivative additional investment rights fair value		(285,048	)
Other issuance costs (finders’ fee)		(40,000	)
Make whole payments liability		(135,000	)
Deemed dividend	$	(339,583	)