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Notes Payable
6 Months Ended
Jan. 31, 2012
Debt Disclosure [Abstract]  
Notes Payable [Text Block]

NOTE 8 - Notes Payable

 

Notes payable, which are unsecured, consist of the following as of January 31, 2012 and July 31, 2011:

 

Notes Payable Consist of the Following at:            
      January 31, 2012       July 31, 2011  
Note payable to Ambeon Corporation, a related party by virtue of common ownership, bearing interest at 5% per annum   $ 85,000     $ 115,000  
Total notes payable     85,000       115,000  
Less current portion                
Due to third party     60,000       60,000  
      60,000       60,000  
Long-term notes payable   $ 25,000     $ 55,000