Settlement of Convertible Note Payable

12 Months Ended

Jul. 31, 2015

Debt Disclosure [Abstract]

Settlement of Convertible Note Payable

7. Settlement of Convertible Note Payable

On January 23, 2014, Opiant entered into a settlement of a convertible note payable in the amount of $25,000 and accrued interest of $3,707 through the issuance of 3,333 shares of common stock. This transaction resulted in a gain on the extinguishment of the debt in the amount of $20,651.