XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Jul. 31, 2012
Jul. 31, 2011
ASSETS    
Cash and cash equivalents $ 249,327 $ 524,512
Accounts receivable, net of allowance for doubtful accounts of $509 and $9,329 as of July 31, 2012 and 2011, respectively 215,921 139,853
Inventory, net of reserve balances of $41,192 and $37,814 as of July 31, 2012 and 2011, respectively 178,104 113,770
Prepaid expenses and other current assets 115,399 26,063
Total current assets 758,751 804,198
Property and equipment, net 20,313 25,641
Deposit 20,695 20,695
Total assets 799,759 850,534
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued liabilities 71,891 47,094
Accounts payable - other 71,339 47,582
Deferred revenue 595,004 12,164
Line of credit payable 0 290,000
Notes payable - current portion 55,000 60,000
Total current liabilities 793,234 456,840
Notes payable, net of current 0 55,000
Total liabilities 793,234 511,840
Commitment and contingency (Note 4)      
Stockholders' equity:    
Common stock, $0.008 par value; 125,000,000 shares authorized; 9,790,760 and 6,572,475 shares issued and outstanding at July 31, 2012 and July 31, 2011, respectively 78,323 52,577
Additional paid in capital 11,401,458 11,170,697
Accumulated deficit (11,482,406) (10,896,580)
Total stockholders' equity 6,525 338,694
Total liabilities and stockholders' equity 799,759 850,534
Series A Preferred Stock [Member]
   
Stockholders' equity:    
Preferred stock 7,050 9,400
Series B Preferred Stock [Member]
   
Stockholders' equity:    
Preferred stock $ 2,100 $ 2,600