Amended Financial Statements

6 Months Ended

Jan. 31, 2013

Amended Financial Statements [Abstract]

Amended Financial Statements [Text Block]

NOTE 7 – AMENDED FINANCIAL STATEMENTS

The Company is filing this Amendment No. 2 (this “Amendment”) to its Quarterly Report on Form 10-Q for the period ended January 31, 2013, as filed with the Securities and Exchange Commission (the “Commission”) on March 18, 2013 (the “Original Filing”) and previously amended on October 7, 2013 (the “First Amended Filing”).

The Company is filing this Amendment in order to:

1. Record share based compensation in the proper period.

2. Properly classify shares subscribed to but not yet issued.

3. Correct the amount of deferred financing costs and related amortization recognized during the period.

4. State the correct number of shares of common stock outstanding on the date of the Original Filing.

Accordingly, net loss for the three and six months ended January 31, 2013, as previously reported, of $260,582 and $405,837, respectively, has changed to a net loss of $298,455 and $718,710, for the three and six months ended January 31, 2013, respectively.  This Amendment should be read in conjunction with the Original Filing and the First Amended Filing. This Amendment speaks as of the date of the Original Filing, does not reflect events that may have occurred after the date of the Original Filing and does not modify or update in any way the disclosures made in the Original Filing, except as required to reflect the revisions discussed above.