|
Consolidated Balance Sheets (USD $)
|
Jul. 31, 2011
|
| Current assets |
|
| Cash and cash equivalents |
$ 2,457,693 |
| Prepaid expenses |
427,961 |
| Other current assets |
15,939 |
| Total Current Assets |
2,901,593 |
| Property and equipment, net |
57,298 |
| Intangible assets, net |
2,715,167 |
| Total Assets |
5,674,058 |
| Current liabilities |
|
| Accounts payable and accrued liabilities |
369,175 |
| Accrued compensation |
67,774 |
| Accrued income taxes |
1,600 |
| Derivative liabilities |
4,850,385 |
| Acquisition obligation, current |
1,250,000 |
| Total Current Liabilities |
6,538,934 |
| Acquisition obligation, net of current portion |
1,500,000 |
| Total Liabilities |
8,038,934 |
| Stockholders' Equity (Deficit) |
|
| Common stock authorized-3,200,000,000 common shares with a par value of $0.0001 Common stock issued and outstanding-87,856,000 and 56,856,000 common shares as of July 31, 2012 and July 31, 2011, respectively |
5,686 |
| Additional paid-in capital |
1,033,333 |
| Warrants issued and outstanding - 42,246,000 and 13,696,000 warrants as of July 31, 2012 and July 31, 2011, respectively |
431,981 |
| Deficit accumulated during the development stage |
(3,835,876) |
| Total Stockholders' Equity (Deficit) |
(2,364,876) |
| Total Liabilities and Stockholders' Equity (Deficit) |
$ 5,674,058 |