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Income Taxes (Tables)
12 Months Ended
Jul. 31, 2014
Income Taxes [Abstract]  
Deferred Tax Assets And Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31,

 

2014

 

2013

Net operating loss carry-forward

$

25,740,000 

 

$

22,482,000 

Stock options and warrants

 

1,720,000 

 

 

1,915,000 

Other temporary differences

 

310,000 

 

 

252,000 

Total deferred tax assets

 

27,770,000 

 

 

24,649,000 

Valuation allowance for deferred tax assets

 

(27,770,000)

 

 

(24,649,000)

Net deferred tax assets

$

-

 

$

-

 

Reconciliation Of Effective Tax Rate, Percentage

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

Federal tax benefit at the expected statutory rate

34.0 

%

 

34.0 

%

State income tax, net of federal tax benefit

3.4 

 

 

5.8 

 

Expired net operating loss carryforwards

(0.8)

 

 

(9.7)

 

Other

(8.4)

 

 

(2.9)

 

Valuation allowance

(28.2)

 

 

(27.2)

 

Income tax benefit - effective rate

0.0 

%

 

0.0 

%