Revision of Prior Period Amounts (Tables)

9 Months Ended

Apr. 30, 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 nine months ended April 30, 2013 are as follows:

	As previously
	reported			Adjustments		As revised
Revenues		-			-		-
Operating expenses
General and administrative		2,162,652			5,206,820		7,369,472
Research and development		158,679			-		158,679
Total operating expenses		2,321,331			5,206,820		7,528,151
Other income (expense)
Interest expense		(431,940	)		-		(431,940	)
Change in derivative		81,804			-		81,804
Debt forgiveness		-			-		-
Total other income (expense)		(350,136	)		-		(350,136	)
Income (loss) before provision for income taxes		(2,671,467	)		5,206,820		(7,878,287	)
Provision for income taxes		-			-		-
Net income (loss)		(2,671,467	)		5,206,820		(7,878,287	)
Loss per common share:
Basic and diluted	$	(0.01	)		-	$	(0.06	)
Weighted average common shares outstanding
Basic and diluted		132,928,865			-		132,928,865

The above errors did not impact previously reported amounts of net cash used in operating activities, investing activities and financing activities as reported in the statements of cash flows for the nine months ended April 30, 2013.

The impact of the above errors to the statement of operations for the three months ended April 30, 2013 are as follows:

	As previously
	reported			Adjustments			As revised
Revenues		-			-			-
Operating expenses
General and administrative		822,206			(277,556	)		544,650
Research and development		35,000			-			35,000
Total operating expenses		857,206			(277,556	)		579,650
Other income (expense)
Interest expense		(177,186	)		-			(177,186	)
Change in derivative		-			-			-
Debt forgiveness		-			-			-
Total other income (expense)		(177,186	)		-			(177,186	)
Income (loss) before provision for income taxes		(1,034,392	)		(277,556	)		(756,836	)
Provision for income taxes		-			-			-
Net income (loss)		(1,034,392	)		(277,556	)		(756,836	)
Loss per common share:
Basic and diluted	$	(0.00	)		-		$	(0.01	)
Weighted average common shares outstanding
Basic and diluted		132,928,865			-			132,928,865