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Notes Payable
9 Months Ended
Apr. 30, 2012
Debt Disclosure [Abstract]  
Notes Payable [Text Block]

NOTE 8 - Notes Payable

 

Notes payable, which are unsecured, consist of the following as of April 30, 2012 and July 31, 2011:

 

Notes Payable Consist of the Following at: 

 

    April 30, 2012     July 31, 2011  
Note payable to Ambeon Corporation, a related party by virtue of common ownership, bearing interest at 5% per annum.   $ 70,000     $ 115,000  
                 
Total notes payable     70,000       115,000  
                 
Less current portion                
Due to third party     60,000       60,000  
      60,000       60,000  
                 
Long-term notes payable   $ 10,000     $ 55,000