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Notes Payable
6 Months Ended
Jan. 31, 2013
Debt Disclosure [Abstract]  
Notes Payable [Text Block]

NOTE 7 - Notes Payable

 

Notes payable, which are unsecured, consist of the following as of January 31, 2013 and July 31, 2012:

  

Notes Payable Consist of the Following at:

 

    January 31, 2013     July 31, 2012  
Note payable to Ambeon Corporation, a related party by virtue of common ownership, bearing interest at 5% per annum.   $ 25,000     $ 55,000  
                 
Total notes payable     25,000       55,000  
                 
Less current portion                
Due to third party     25,000       55,000  
      25,000       55,000  
                 
Long-term notes payable   $ -     $ -