Stockholders' Equity (Tables)

3 Months Ended

Oct. 31, 2013

Stockholders' Equity [Abstract]

Schedule of Assumptions Used in the Valuation

The assumptions used in the valuation were as follows:

Market value of stock on measurement date	$	0.0285
Risk-free interest rate		2.74	%
Dividend yield		0	%
Volatility factor		459	%
Term		10 years

Schedule of Options and Warrants Outstanding

Stock option activity for three months ended October 31, 2013 is presented in the table below:

	Number of Shares		Weighted- average Exercise Price		Weighted- average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at July 31, 2013		76,250,000	$	0.18		5.56	$	-
Granted		37,500,000	$	0.16		-	$	-
Forfeited		-	$	-		-	$	-
Outstanding at May 31, 2013		113,750,000	$	0.17		6.78	$	-
Exercisable at May 31, 2013		75,625,000	$	0.20		7.28	$	-

At October 31, 2013, unrecognized stock-based compensation cost amounted to $14,927 which is expected to be recognized over a period of 1.25 years.

Warrants

Warrant activity for three months ended October 31, 2013 is presented in the table below:

	Number of Shares		Weighted- average Exercise Price		Weighted- average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at July 31, 2013		102,363,691	$	0.23		4.02	$	-
Granted		-	$	-		-	$	-
Exercised		168,000	$	0.50		-	$	-
Outstanding at May 31, 2013		102,195,691	$	0.23		3.77	$	-
Exercisable at May 31, 2013		29,695,691	$	0.42		2.81	$	-