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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2015
Jul. 31, 2015
Current assets:    
Cash and cash equivalents $ 55,185 $ 53,452
Accounts receivable, net of allowance for doubtful accounts of $0 and $288 as of October 31, 2015, and July 31, 2015, respectively 0 1,851
Inventory, net of allowance of $29,218 and $5,271 as of October 31, 2015, and July 31, 2015, respectively 1,568 25,529
Prepaid expenses and other current assets 142,862 136,202
Total current assets 199,615 217,034
Property and equipment, net 143,680 154,998
Deposits 20,695 20,695
Intangible assets, net 4,444,327 4,644,906
Total assets 4,808,317 5,037,633
Current liabilities:    
Accounts payable and accrued liabilities 608,248 458,134
Deferred revenue 143,256 132,056
Capital lease obligations - current portion 18,124 20,952
Notes payable - current portion 341,256 65,688
Convertible debt, net of debt discount - current portion 294,627 193,559
Derivative liabilities - current portion 606,460 567,314
Advance from development partner 180,635 180,635
Total current liabilities 2,192,606 1,618,338
Capital lease obligations - net of current portion 56,301 57,675
Notes payable - net of current portion 42,312 45,709
Convertible debt, net of debt discount - net of current portion 29,258 36,169
Derivative liabilities - net of current portion 71,470 314,679
Total liabilities $ 2,327,947 $ 2,072,570
Commitments and contingencies (Note 5)
Convertible redeemable preferred stock, Series B, $0.008 par value 325,000 shares authorized; 262,475 shares issued and outstanding at October 31, 2015 and July 31, 2015. (Liquidation preference $2,600,000) - (Note 11) $ 262,475 $ 262,475
Stockholders' equity:    
Preferred stock, Series C, $0.001 par value; 20,000,000 shares authorized; 18,500,000 shares and 0 shares issued and outstanding at October 31, 2015 and July 31, 2015, respectively 18,500 0
Common stock, $0.008 par value; 700,000,000 shares authorized; 10,100,049 and 5,599,912 shares issued and outstanding at October 31, 2015 and July 31, 2015, respectively 808,002 447,991
Additional paid in capital 17,891,181 17,834,719
Accumulated deficit (16,499,788) (15,580,122)
Total stockholders' equity 2,217,895 2,702,588
Total liabilities and stockholders' equity $ 4,808,317 $ 5,037,633