Net Loss Per Share

9 Months Ended

Apr. 30, 2013

Net Loss Per Share [Abstract]

Net Loss Per Share

3.Net Loss Per Share

Basic net loss per common share is computed as net loss divided by the weighted average number of common shares outstanding for the period. Our diluted net loss per common share is the same as our basic net loss per common share because we incurred a net loss during each period presented, and the potentially dilutive securities from the assumed exercise of all outstanding stock options and warrants would have an anti-dilutive effect. As of April 30, 2013 and 2012, the number of shares issuable upon the exercise of stock options and warrants, none of which are included in the computation of basic net loss per common share, was 1,854,000 and 578,000, respectively.