January 31, 2016

July 31, 2015

Accounts Payable and Accruals - General and Administrative

$

3,679,408

$

3,156,951

Accounts Payable and Accruals - Research and Development

4,078,817

3,861,902

Accounts Payable and Accruals - Selling and Marketing

325,949

326,250

Accrued Make-whole Payments on Convertible Preferred Stock (see Note 7)

202,500

315,900

Executive Compensation and Directors’ Fees Payable

250,542

357,330

Total

$

8,537,216

$

8,018,333