CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2015
Jul. 31, 2014
Current assets:    
Cash and cash equivalents $ 53,452 $ 523,540
Accounts receivable, net of allowance for doubtful accounts of $288 and $26 as of July 31, 2015, and July 31, 2014, respectively 1,851 490
Inventory, net of allowance of $5,271 and $7,352 as of July 31, 2015, and July 31, 2014, respectively 25,529 64,120
Prepaid expenses and other current assets 136,202 9,839
Total current assets 217,034 597,989
Property and equipment, net 154,998 97,563
Deposits 20,695 20,695
Intangible assets, net 4,644,906 5,082,375
Total assets 5,037,633 5,798,622
Current liabilities:    
Accounts payable and accrued liabilities 458,134 143,105
Deferred revenue 132,056 1,980
Capital lease obligations - current portion 20,952 0
Notes payable - current portion 65,688 15,735
Convertible debt, net of debt discount - current portion 193,559 0
Derivative liabilities - current portion 567,314 0
Advance from development partner 180,635 0
Total current liabilities 1,618,338 160,820
Capital lease obligations - net of current portion 57,675 0
Notes payable - net of current portion 45,709 58,978
Convertible debt, net of debt discount - net of current portion 36,169 0
Derivative liabilities - net of current portion 314,679 0
Total liabilities $ 2,072,570 $ 219,798
Commitments and contingencies (Note 6)
Convertible redeemable preferred stock, Series B, $0.008 par value 325,000 shares authorized; 262,475 shares issued and outstanding at July 31, 2015 and July 31, 2014. (Liquidation preference $2,600,000) - (Note 11) $ 262,475 $ 262,475
Stockholders' equity:    
Preferred stock, Series A, $0.001 par value; 10,000,000 shares authorized; 0 shares and 10,000,000 shares issued and outstanding at July 31, 2015 and July 31, 2014, respectively 0 10,000
Common stock, $0.008 par value; 200,000,000 shares authorized; 55,999,118 and 26,162,093 shares issued and outstanding at July 31, 2015 and July 31, 2014, respectively 447,991 209,294
Additional paid in capital - (Note 12) 17,834,719 16,517,451
Accumulated deficit - (Note 12) (15,580,122) (11,420,396)
Total stockholders' equity 2,702,588 5,316,349
Total liabilities and stockholders' equity $ 5,037,633 $ 5,798,622