XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Apr. 30, 2015
Apr. 30, 2014
Sales $ 38,947us-gaap_SalesRevenueNet $ 476,684us-gaap_SalesRevenueNet $ 177,752us-gaap_SalesRevenueNet $ 1,719,120us-gaap_SalesRevenueNet
Cost of sales 13,814us-gaap_CostOfGoodsAndServicesSold 196,886us-gaap_CostOfGoodsAndServicesSold 134,828us-gaap_CostOfGoodsAndServicesSold 775,144us-gaap_CostOfGoodsAndServicesSold
Gross profit 25,133us-gaap_GrossProfit 279,798us-gaap_GrossProfit 42,924us-gaap_GrossProfit 943,976us-gaap_GrossProfit
Operating Expenses        
Selling and general expenses 367,627us-gaap_SellingGeneralAndAdministrativeExpense 192,906us-gaap_SellingGeneralAndAdministrativeExpense 1,223,425us-gaap_SellingGeneralAndAdministrativeExpense 603,537us-gaap_SellingGeneralAndAdministrativeExpense
Amortization of acquisition-related intangible 187,149us-gaap_AmortizationOfIntangibleAssets 0us-gaap_AmortizationOfIntangibleAssets 561,447us-gaap_AmortizationOfIntangibleAssets 0us-gaap_AmortizationOfIntangibleAssets
Research and development 120,812us-gaap_ResearchAndDevelopmentExpense 28,480us-gaap_ResearchAndDevelopmentExpense 357,837us-gaap_ResearchAndDevelopmentExpense 85,580us-gaap_ResearchAndDevelopmentExpense
Professional fees 90,579us-gaap_ProfessionalFees 38,470us-gaap_ProfessionalFees 394,476us-gaap_ProfessionalFees 214,389us-gaap_ProfessionalFees
Depreciation 11,054us-gaap_Depreciation 6,488us-gaap_Depreciation 28,870us-gaap_Depreciation 17,675us-gaap_Depreciation
Total operating expenses 777,221us-gaap_OperatingExpenses 266,344us-gaap_OperatingExpenses 2,566,055us-gaap_OperatingExpenses 921,181us-gaap_OperatingExpenses
Income (Loss) from operations (752,088)us-gaap_OperatingIncomeLoss 13,454us-gaap_OperatingIncomeLoss (2,523,131)us-gaap_OperatingIncomeLoss 22,795us-gaap_OperatingIncomeLoss
Other income (expense)        
Other income (expense), net (186,112)us-gaap_OtherNonoperatingIncomeExpense 2,000us-gaap_OtherNonoperatingIncomeExpense (141,725)us-gaap_OtherNonoperatingIncomeExpense 2,000us-gaap_OtherNonoperatingIncomeExpense
Interest (expense), net (54,559)us-gaap_InterestIncomeExpenseNet (785)us-gaap_InterestIncomeExpenseNet (63,328)us-gaap_InterestIncomeExpenseNet (1,965)us-gaap_InterestIncomeExpenseNet
Net other income (expense) (240,671)us-gaap_NonoperatingIncomeExpense 1,215us-gaap_NonoperatingIncomeExpense (205,053)us-gaap_NonoperatingIncomeExpense 35us-gaap_NonoperatingIncomeExpense
Total income (loss) before income taxes (992,759)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 14,669us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (2,728,184)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 22,830us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes 0us-gaap_IncomeTaxExpenseBenefit 0us-gaap_IncomeTaxExpenseBenefit 1,600us-gaap_IncomeTaxExpenseBenefit 1,600us-gaap_IncomeTaxExpenseBenefit
Net income (loss) $ (992,759)us-gaap_NetIncomeLoss $ 14,669us-gaap_NetIncomeLoss $ (2,729,784)us-gaap_NetIncomeLoss $ 21,230us-gaap_NetIncomeLoss
Net income (loss) per share - basic (in dollars per share) $ (0.020)us-gaap_EarningsPerShareBasic $ 0.001us-gaap_EarningsPerShareBasic $ (0.069)us-gaap_EarningsPerShareBasic $ 0.002us-gaap_EarningsPerShareBasic
Net income (loss) per share - diluted (in dollars per share) $ (0.020)us-gaap_EarningsPerShareDiluted $ 0.001us-gaap_EarningsPerShareDiluted $ (0.069)us-gaap_EarningsPerShareDiluted $ 0.001us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding - basic (in shares) 48,968,504us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 11,382,377us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 39,817,640us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 11,099,146us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares outstanding - diluted (in shares) 48,968,504us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 22,068,948us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 39,817,640us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 19,524,301us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding