Revision of Prior Period Amounts (Tables)

6 Months Ended

Jan. 31, 2014

Revision of Prior Period Amounts [Abstract]

Schedule of Revision of Prior Period Amounts

The impact of the above errors to the statement of operations for the six months ended January 31, 2013 are as follows:

	As previously reported			Adjustments			As revised
Revenues		-			-			-
Operating expenses
General and administrative		1,370,455			5,484,376			6,824,831
Research and development		149,691			-			149,691
Mineral interests		-			-			-
Total operating expenses		1,520,146			5,484,376			6,974,522
Other income (expense)
Interest expense		(254,754	)		-			(254,754	)
Change in derivative		81,804			-			81,804
Debt forgiveness		-			-			-
Total other income (expense)		(172,950	)		-			(172,950	)
Income (loss) before provision for income taxes		(1,693,095	)		(5,484,376	)		(7,147,472	)
Provision for income taxes		-			-			-
Net income (loss)		(1,693,095	)		(5,484,376	)		(7,147,472	)
Loss per common share:
Basic and diluted	$	(0.01	)		-		$	(0.06	)
Weighted average common shares outstanding
Basic and diluted		129,906,666			-			129,906,666

The impact of the above errors to the statement of operations for the three months ended January 31, 2013 are as follows:

	As previously reported			Adjustments			As revised
Revenues		-			-			-
Operating expenses
General and administrative		443,892			5,723,035			6,166,927
Research and development		74,550			-			74,550
Mineral interests		-			-			-
Total operating expenses		518,442			5,723,035			6,241,477
Other income (expense)
Interest expense		(109,333	)		-			(109,333	)
Change in derivative		60,652			-			60,652
Debt forgiveness		-			-			-
Total other income (expense)		(48,681	)		-			(48,681	)
Income (loss) before provision for income taxes		(567,123	)		(5,723,035	)		(6,290,158	)
Provision for income taxes		-			-			-
Net income (loss)		(567,123	)		(5,723,035	)		(6,290,158	)
Loss per common share:
Basic and diluted	$	(0.01	)		-		$	(0.05	)
Weighted average common shares outstanding
Basic and diluted		131,717,143			-			131,717,143