Stockholders' Equity (Tables)

6 Months Ended

Jan. 31, 2014

Stockholders' Equity [Abstract]

Summary of Significant Assumptions Used in the Valuation of the Options and Warrants Issued

The assumptions used in the valuation were as follows:

Market value of stock on measurement date	$	0.0285-0.054
Risk-free interest rate		2.24 - 2.99	%
Dividend yield		0	%
Volatility factor		438 - 459	%
Term		10 years

Schedule of Options and Warrants Outstanding

Stock option activity for xix months ended January 31, 2014 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		126,500,000		$	0.10		-	$	-
Forfeited/expired/cancelled		(8,500,000	)	$	0.67		-	$	-
Outstanding at January 31, 2014		194,250,000		$	0.11		8.35	$	-
Exercisable at January 31, 2014		156,125,000		$	0.10		9.04	$	-

Warrants

Warrant activity for six months ended January 31, 2014 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		(888,452	)	$	0.50		-	$	-
Outstanding at January 31, 2014		101,475,239		$	0.23		3.52	$	-
Exercisable at January 31, 2014		28,975,239		$	0.42		2.53	$	-