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Notes Payable
6 Months Ended 12 Months Ended
Jan. 31, 2012
Jul. 31, 2011
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  

Note 9 - Notes Payable

 

Notes payable, which are unsecured, consist of the following as of July 31, 2011 and July 31, 2010:

 

Notes Payable Consist of the Following at: 

 

    July 31, 2011     July 31, 2010  
Note payable to Ambeon Corporation, a related party by virtue of common ownership, bearing interest at 5% per annum.   $ 115,000     $ 235,000  
                 
Note payable to a shareholder, bearing interest at 10% per annum.  The note was repaid to shareholder February 2011.     -       30,000  
                 
Note payable to an employee, bearing interest at 10% per annum.  The note was repaid to employee June 2011.     -       70,000  
                 
Total notes payable     115,000       335,000  
                 
Less current portion                
Due to related party     -       100,000  
Due to third party     60,000       115,000  
      60,000       215,000  
                 
Long-term notes payable   $ 55,000     $ 120,000