CONSOLIDATED STATEMENTS OF CHANGES IN SERIES B CNVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY - USD ($)
|
Total |
Series B Preferred Stock [Member] |
Series A Preferred Stock [Member] |
Common Stock [Member] |
Additional Paid-in Capital [Member] |
Retained Earnings [Member] |
| Balance at Jul. 31, 2013 |
$ 374,343
|
$ 262,475
|
$ 7,050
|
$ 86,449
|
$ 11,229,864
|
$ (10,949,020)
|
| Balance (Shares) at Jul. 31, 2013 |
|
262,475
|
7,050,000
|
10,806,520
|
|
|
| Stock-based compensation |
39,382
|
|
|
|
39,382
|
0
|
| Common shares issued to consultants |
50,000
|
|
|
$ 2,000
|
48,000
|
0
|
| Common shares issued to consultants (in shares) |
|
|
|
250,000
|
|
|
| Common shares issued to advisory board |
47,000
|
|
|
$ 2,000
|
45,000
|
0
|
| Common shares issued to advisory board (in shares) |
|
|
|
250,000
|
|
|
| Series A convertible preferred stock issued |
0
|
|
$ 2,950
|
|
(2,950)
|
0
|
| Series A convertible preferred stock issued (In shares) |
|
|
2,950,000
|
|
|
|
| Annual 6% common stock dividend for preferred shareholders per Series B agreement |
0
|
|
|
$ 126
|
3,499
|
(3,625)
|
| Annual 6% common stock dividend for preferred shareholders per Series B agreement (in shares) |
|
|
|
15,760
|
|
|
| Common shares issued in connection with equity financing |
75,000
|
|
|
$ 3,435
|
71,565
|
0
|
| Common shares issued in connection with equity financing (in shares) |
|
|
|
429,332
|
|
|
| Common shares issued in connection with asset acquisition |
5,198,375
|
|
|
$ 115,284
|
5,083,091
|
0
|
| Common shares issued in connection with asset acquisition (in shares) |
|
|
|
14,410,481
|
|
|
| Net loss for the year |
(467,751)
|
|
|
|
|
(467,751)
|
| Balance at Jul. 31, 2014 |
5,316,349
|
$ 262,475
|
$ 10,000
|
$ 209,294
|
16,517,451
|
(11,420,396)
|
| Balance (in shares) at Jul. 31, 2014 |
|
262,475
|
10,000,000
|
26,162,093
|
|
|
| Stock-based compensation |
366,395
|
|
|
|
366,395
|
0
|
| Common shares issued to consultants |
468,400
|
|
|
$ 26,408
|
441,992
|
|
| Common shares issued to consultants (in shares) |
|
|
|
3,300,975
|
|
|
| Common shares issued to advisory board |
280,000
|
|
|
$ 16,000
|
264,000
|
0
|
| Common shares issued to advisory board (in shares) |
|
|
|
2,000,000
|
|
|
| Annual 6% common stock dividend for preferred shareholders per Series B agreement |
0
|
|
|
$ 126
|
1,765
|
(1,891)
|
| Annual 6% common stock dividend for preferred shareholders per Series B agreement (in shares) |
|
|
|
15,760
|
|
|
| Common shares issued in connection with equity financing |
127,499
|
|
|
$ 11,808
|
115,691
|
0
|
| Common shares issued in connection with equity financing (in shares) |
|
|
|
1,475,953
|
|
|
| Issuance of common stock to an investor as a commitment fee |
95,000
|
|
|
$ 4,000
|
91,000
|
|
| Issuance of common stock to an investor as a commitment fee (in shares) |
|
|
|
500,000
|
|
|
| Issuance of common stock in connection with convertible debt |
137,000
|
|
|
$ 5,600
|
131,400
|
|
| Issuance of common stock in connection with convertible debt (in shares) |
|
|
|
700,000
|
|
|
| Conversion of note payable to common stock |
65,000
|
|
|
$ 14,461
|
50,539
|
0
|
| Conversion of note payable to common stock (in shares) |
|
|
|
1,807,579
|
|
|
| Conversion of Series A convertible preferred stock into common stock |
0
|
|
$ (10,000)
|
$ 160,000
|
(150,000)
|
0
|
| Conversion of Series A convertible preferred stock into common stock (in shares) |
|
|
(10,000,000)
|
20,000,000
|
|
|
| Common stock issued to employees |
4,780
|
|
|
$ 294
|
4,486
|
0
|
| Common stock issued to employees (in shares) |
|
|
|
36,758
|
|
|
| Net loss for the year |
(4,157,835)
|
|
|
|
|
(4,157,835)
|
| Balance at Jul. 31, 2015 |
$ 2,702,588
|
$ 262,475
|
$ 0
|
$ 447,991
|
$ 17,834,719
|
$ (15,580,122)
|
| Balance (in shares) at Jul. 31, 2015 |
|
262,475
|
0
|
55,999,118
|
|
|