Stock-Based Compensation (Tables)

12 Months Ended

Jul. 31, 2012

Stock-Based Compensation

Summary of stock option activity

	Option Shares Outstanding		Weighted-Average Exercise Price		Aggregate Intrinsic Value ($000’s)
Balance at July 31, 2011	—		—		$	—
Granted	3,260,000		$	0.24
Exercised	—		—
Forfeited / Cancelled	(85,000	)	0.40		—
Balance at July 31, 2012	3,175,000		$	0.24	$	24

Schedule of stock options activity by range of exercise prices

Range of Exercise Prices		Number of Shares Outstanding	Weighted Average Contractual Life (in years)	Weighted Average Exercise Price	Number Of Shares Exercisable	Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price
$	0.18 - 0.40	3,175,000	7.53	0.24	1,962,500	6.24	$	0.23