Generex Biotechnology (GNBTQ) 10-K 9 Oct 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2015	Oct. 09, 2015	Jan. 31, 2015
Document And Entity Information
Entity Registrant Name	GENEREX BIOTECHNOLOGY CORP
Entity Central Index Key	1,059,784
Document Type	10-K
Document Period End Date	Jul. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 12,561,384
Entity Common Stock, Shares Outstanding		859,223,422
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Current Assets:
Cash and cash equivalents	$ 749,965	$ 3,269,489
Other current assets	51,240	201,314
Total Current Assets	801,205	3,470,803
Property and Equipment (Note 3)	2,869	5,293
Patents (Note 4)	1,430,016	2,046,361
TOTAL ASSETS	2,234,090	5,522,457
Current Liabilities:
Accounts payable and accrued expenses (Note 6)	$ 8,018,833	8,034,122
Deferred revenue (Note 6)		223,662
Total Current Liabilities	$ 8,018,833	8,257,784
Derivative Warrant Liability (Note 8 and 9)	2,363,415	2,635,643
Derivative Additional Investment Rights Liability (Note 8 and 9)	142,662	719,088
Total Liabilities	$ 10,524,410	$ 11,612,515
Stockholders' Deficiency (Notes 9 and 11):
9% Convertible Preferred Stock
Common stock, $.001 par value; authorized 1,500,000,000 shares at July 31. 2015 and July 31, 2014, respectively; 825,496,238 and 778,512,092 issued and outstanding at July 31, 2015 and July 31, 2014, respectively	$ 825,496	$ 778,512
Additional paid-in capital	362,556,710	362,307,678
Accumulated deficit	(372,481,263)	(369,948,322)
Accumulated other comprehensive income	808,737	772,074
Total Stockholders' Deficiency	8,290,320	6,090,058
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 2,234,090	$ 5,522,457
Series A Convertible Preferred Stock
Stockholders' Deficiency (Notes 9 and 11):
9% Convertible Preferred Stock
Series B Convertible Preferred Stock
Stockholders' Deficiency (Notes 9 and 11):
9% Convertible Preferred Stock
Series C Convertible Preferred Stock
Stockholders' Deficiency (Notes 9 and 11):
9% Convertible Preferred Stock
Series D Convertible Preferred Stock
Stockholders' Deficiency (Notes 9 and 11):
9% Convertible Preferred Stock
Series E Convertible Preferred Stock
Stockholders' Deficiency (Notes 9 and 11):
9% Convertible Preferred Stock
Series F Convertible Preferred Stock
Stockholders' Deficiency (Notes 9 and 11):
9% Convertible Preferred Stock
Series G Convertible Preferred Stock
Stockholders' Deficiency (Notes 9 and 11):
9% Convertible Preferred Stock

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2015	Jul. 31, 2014
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	825,496,238	778,512,092
Common stock, shares outstanding	825,496,238	778,512,092
Series A Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	5,500	5,500
Convertible preferred stock, shares issued	0	0
Convertible preferred stock, shares outstanding	0	0
Convertible preferred stock, cumulative percentage of interest	9.00%	9.00%
Series B Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	2,000	2,000
Convertible preferred stock, shares issued	0	0
Convertible preferred stock, shares outstanding	0	0
Convertible preferred stock, cumulative percentage of interest	9.00%	9.00%
Series C Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	750	750
Convertible preferred stock, shares issued	0	0
Convertible preferred stock, shares outstanding	0	0
Convertible preferred stock, cumulative percentage of interest	9.00%	9.00%
Series D Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	750	750
Convertible preferred stock, shares issued	0	0
Convertible preferred stock, shares outstanding	0	0
Convertible preferred stock, cumulative percentage of interest	9.00%	9.00%
Series E Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	2,450	2,450
Convertible preferred stock, shares issued	0	25
Convertible preferred stock, shares outstanding	0	25
Convertible preferred stock, cumulative percentage of interest	9.00%	9.00%
Series F Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	4,150	4,150
Convertible preferred stock, shares issued	670	1,225
Convertible preferred stock, shares outstanding	670	1,225
Convertible preferred stock, cumulative percentage of interest	9.00%	9.00%
Series G Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	1,000	1,000
Convertible preferred stock, shares issued	500	0
Convertible preferred stock, shares outstanding	500	0
Convertible preferred stock, cumulative percentage of interest	9.00%	9.00%

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Operating Expenses:
Research and development	$ 1,185,384	$ 1,382,995
Selling and marketing
General and administrative	$ 2,697,690	$ 3,016,684
Total Operating Expenses	3,883,074	4,399,679
Operating Loss	$ (3,883,074)	(4,399,679)
Other Income (Expense):
Income from assets held for investment, net (Note 3)		193,607
Interest income	$ 6	586
Interest expense	(350,028)	(321,670)
Change in fair value of derivative liabilities (Note 9)	1,488,237	4,525,739
Net Loss	(2,193,358)	(1,417)
Preferred Stock Dividend (Note 8)	339,583	2,058,329
Net Loss Available to Common Stockholders	$ (2,532,941)	$ (2,059,746)
Basic and Diluted Net Loss Per Common Share (Note 12) (in dollars per share)	$ (0.003)	$ (0.003)
Weighted Average Number of Shares of Common Stock Outstanding - basic and diluted (Note 12) (in shares)	793,346,901	679,630,247
Other Comprehensive Income:
Net Loss	$ (2,193,358)	$ (1,417)
Change in foreign currency translation adjustments	36,663	6,971
Comprehensive (Loss)/Income	(2,156,695)	5,554
Preferred Stock Dividend (Note 8)	339,583	2,058,329
Comprehensive Loss Available to Common Stockholders	$ (2,496,278)	$ (2,052,775)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIENCY - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Preferred Stock
Balance (in shares)	1,250	930
Issuance of preferred stock in financing (in shares)	500	2,875
Issuance of common stock upon conversion of preferred stock (in shares)	(580)	(2,555)
Stock-based compensation
Net loss
Preferred stock dividend
Currency translation adjustment
Balance (in shares)	1,170	1,250
Common Stock
Balance	$ 778,512	$ 580,330
Balance (in shares)	778,512,092	580,329,160
Issuance of common stock as employee compensation	$ 5,810	$ 4,333
Issuance of common stock as employee compensation (in shares)	5,809,780	4,333,333
Issuance of common stock in exchange for services		$ 7,633
Issuance of common stock in exchange for services (in shares)		7,633,333
Issuance of common stock upon conversion of preferred stock	$ 25,775	$ 85,167
Issuance of common stock upon conversion of preferred stock (in shares)	25,775,002	85,166,663
Issuance of common stock for preferred stock make whole payments	8,983	23,792
Issuance of common stock for preferred stock make whole payments (in shares)	8,983,048	23,791,817
Exercise of stock options for cash	$ 6,416	$ 526
Exercise of stock options for cash (in shares)	6,416,316	526,306
Exercise of warrants for cash		$ 76,731
Exercise of warrants for cash (in shares)		76,731,480
Stock-based compensation
Net loss
Preferred stock dividend
Currency translation adjustment
Balance	$ 825,496	$ 778,512
Balance (in shares)	825,496,238	778,512,092
Additional Paid-In Capital
Balance	$ 362,307,678	$ 356,401,812
Issuance of common stock as employee compensation	127,190	125,667
Issuance of common stock in exchange for services		279,147
Issuance of common stock upon conversion of preferred stock	$ (25,775)	$ (85,167)
Issuance of common stock for preferred stock make whole payments	147,617	666,058
Exercise of additional investment rights		$ 237,566
Exercise of stock options for cash
Exercise of warrants for cash		$ 4,419,725
Stock-based compensation		$ 262,871
Net loss
Preferred stock dividend
Currency translation adjustment
Balance	$ 362,556,710	$ 362,307,678
Accumulated Deficit
Balance	$ (369,948,322)	$ (367,888,576)
Issuance of common stock as employee compensation
Issuance of common stock in exchange for services
Issuance of common stock upon conversion of preferred stock
Issuance of common stock for preferred stock make whole payments
Exercise of additional investment rights
Exercise of stock options for cash
Exercise of warrants for cash
Stock-based compensation
Net loss	$ (2,193,358)	$ (1,417)
Preferred stock dividend	(339,583)	$ (2,058,329)
Currency translation adjustment
Balance	(372,481,263)	$ (369,948,322)
Accumulated Other Comprehensive Income (Loss)
Balance	$ 772,074	$ 765,103
Issuance of common stock as employee compensation
Issuance of common stock in exchange for services
Issuance of common stock upon conversion of preferred stock
Issuance of common stock for preferred stock make whole payments
Exercise of additional investment rights
Exercise of stock options for cash
Exercise of warrants for cash
Stock-based compensation
Net loss
Preferred stock dividend
Currency translation adjustment	$ 36,663	$ 6,971
Balance	808,737	772,074
Balance	(6,090,058)	(10,141,332)
Issuance of common stock as employee compensation	$ 133,000	130,000
Issuance of common stock in exchange for services		$ 286,780
Issuance of common stock upon conversion of preferred stock
Issuance of common stock for preferred stock make whole payments	156,600	689,850
Exercise of additional investment rights		$ 237,566
Exercise of stock options for cash	$ 6,416	526
Exercise of warrants for cash		4,496,456
Stock-based compensation		262,871
Net loss	(2,193,358)	(1,417)
Preferred stock dividend	(339,583)	(2,058,329)
Currency translation adjustment	36,663	6,971
Balance	$ (8,290,320)	$ (6,090,058)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Cash Flows From Operating Activities:
Net loss	$ (2,193,358)	$ (1,417)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	$ 380,680	368,447
Stock compensation expense		392,871
Common stock issued for services rendered	$ 133,000	$ 286,780
Write-off of abandoned patents	$ 320,160
Gain on disposal of property and equipment		$ (188,869)
Common stock issued for interest on convertible debentures & preferred stock	$ 156,600	689,850
Change in fair value of derivative liabilities	(1,488,237)	(4,525,739)
Changes in operating assets and liabilities
Accounts payable and accrued expenses	(117,739)	(490,352)
Deferred revenue	(223,662)	(1,181)
Other current assets	147,820	(104,015)
Net Cash Used in Operating Activities	$ (2,884,736)	$ (3,573,625)
Cash Flows From Investing Activities:
Purchase of property and equipment
Proceeds from sale of property and equipment		$ 883,780
Costs incurred for patents	$ (90,982)	(89,481)
Net Cash (Used In)/Provided By Investing Activities	$ (90,982)	794,299
Cash Flows From Financing Activities:
Repayment of long-term debt		(606,806)
Proceeds from exercise of warrants, net		2,301,944
Proceeds from exercise of stock options	$ 6,416	526
Proceeds from issuance of preferred stock, net	475,000	2,655,000
Net Cash Provided by Financing Activities	481,416	4,350,664
Effect of Exchange Rates on Cash	(25,222)	(10,803)
Net (Decrease)/Increase in Cash and Cash Equivalents	(2,519,524)	1,560,535
Cash and Cash Equivalents, Beginning of Year	3,269,489	1,708,954
Cash and Cash Equivalents, End of Year	$ 749,965	3,269,489
Supplemental Disclosure of Cash Flow Information
Interest paid in cash		$ 35,541

Organization and Business

Organization and Business	12 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Organization and Business	Note 1 - Organization of Business and Going Concern: Generex Biotechnology Corporation (the Company) and its wholly-owned subsidiary Generex Pharmaceuticals, Inc. are engaged in the research and development of drug delivery systems and technology. Since its inception, the Company has devoted its efforts and resources to the development of a platform technology for the oral administration of large molecule drugs, including proteins, peptides, monoclonal antibodies, hormones and vaccines, which historically have been administered by injection, either subcutaneously or intravenously. Oral-lyn TM The Company’s wholly-owned subsidiary, Antigen Express, Inc. (Antigen), is engaged in research and development of technologies and immunomedicines for the treatment of malignant, infectious, autoimmune and allergic diseases. The Company’s immunomedicine products work by stimulating the immune system to either attack offending agents (i.e., cancer cells, bacteria, and viruses) or to stop attacking benign elements (i.e., self proteins and allergens). The immunomedicine products are based on two platform technologies that were discovered by an executive officer of Antigen, the Ii-Key hybrid peptides and Ii-Suppression. These technologies are expected to greatly boost immune cell responses which diagnose and treat the ailments and conditions. The Company has a limited history of operations and limited revenue to date. The Company has several product candidates that are in various research or early stages of pre-clinical and clinical development. There can be no assurance that the Company will be successful in obtaining regulatory clearance for the sale of existing or any future products or that any of the Company’s products will be commercially viable.

Going Concern

Going Concern	12 Months Ended
	Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Going Concern The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has experienced negative cash flows from operations since inception and has an accumulated deficit of approximately $372 million and a working capital deficiency of approximately $7.2 million at July 31, 2015. The Company has funded its activities to date almost exclusively from debt and equity financings, as well as the sale of non-essential real estate assets in fiscal 2012 through the first quarter of fiscal 2014 (see Note 3). The Company will continue to require substantial funds to continue research and development, including pre-clinical studies and clinical trials of its product candidates, and to commence sales and marketing efforts, if the U.S. Food and Drug Administration or other regulatory approvals are obtained. Management’s plans in order to meet its operating cash flow requirements include financing activities such as private placements of its common stock, preferred stock offerings, issuances of debt and convertible debt instruments. Management is also actively pursuing financial and strategic alternatives, including strategic investments and divestitures, industry collaboration activities and strategic partners. Management has sold its non-essential real estate assets to augment its cash position. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. There are no assurances that such additional funding will be achieved and that the Company will succeed in its future operations. The interim statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts of liabilities that might be necessary should the Company be unable to continue in existence. The Company’s inability to obtain required funding in the near future or its inability to obtain funding on favorable terms will have a material adverse effect on its operations and strategic development plan for future growth. If the Company cannot successfully raise additional capital and implement its strategic development plan, its liquidity, financial condition and business prospects will be materially and adversely affected, and the Company may have to cease operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies: Principles of Consolidation The consolidated financial statements include the accounts of the Company and all of its subsidiaries in which a controlling interest is maintained. For those consolidated subsidiaries where the Company ownership is less than 100 percent, the outside stockholders’ interests are shown as minority interests. Effective December 17, 2004, the Company’s ownership in all consolidated subsidiaries is 100 percent. All significant intercompany transactions and balances have been eliminated. Cash and Cash Equivalents The Company considers Property and Equipment Property and equipment are recorded at cost less accumulated depreciation. Depreciation is provided on the straight-line method over the estimated useful lives of the assets, which range from three to thirty years. Gains and losses on depreciable assets retired or sold are recognized in the statement of operations and comprehensive loss in the year of disposal. Repairs and maintenance expenditures are expensed as incurred. Patents Capitalized patent costs represent legal costs incurred to establish patents and a portion of the acquisition price paid attributed to patents upon the acquisition of Antigen in August 2003. When patents reach a mature stage, any associated legal costs are comprised mostly of maintenance fees and costs of national applications and are expensed as incurred. Capitalized patent costs are amortized on a straight line basis over the remaining life of the patent. As patents are abandoned, the net book value of the patent is written off. Impairment or Disposal of Long-Lived Assets and Intangibles The Company assesses the impairment of long-lived assets under FASB ASC Topic 360 whenever events or changes in circumstances indicate that the carrying value may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable and exceeds its fair value. The carrying amount of the long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposal of the asset. In the fiscal year ended July 31, 2014, the Company sold, wrote off or disposed of certain long-lived assets with net book values of $706,590, respectively. None were sold, written off or disposed of in the fiscal year ended July 31, 2015. Derivative Warrant Liability The Company’s derivative warrant instruments are measured at fair value using the binomial valuation model which takes into account, as of the valuation date, factors including the current exercise price, the expected life of the warrant, the current price of the underlying stock and its expected volatility, expected dividends on the stock and the risk-free interest rate for the term of the warrant. The liability is revalued at each reporting period and changes in fair value are recognized in the consolidated statements of operations and comprehensive loss under the caption “Change in fair value of derivative warrant liability.” See Note 9 – Derivative Liabilities Revenue Recognition and Deferred Revenue Revenues from the sale of commercial products are recognized at the time title of goods passes to the buyer and the buyer assumes the risks and rewards of ownership. Certain product sales are made to retailers under agreements allowing for a right to return unsold products. In accordance with FASB ASC Topic 605, recognition of revenue on all sales to these retailers is deferred until the right of return expires, the product is sold to a third party or a provision for returns can be reasonably estimated based on historical experience. The cost of inventory under these sales is considered to be consigned inventory until the revenue is recognized. Sales are reported net of estimated returns and allowances, discounts, mail-in rebate redemptions and credit card chargebacks. If actual sales returns, allowances, discounts, mail-in rebate redemptions or credit card chargebacks are greater than estimated by management, additional expense may be incurred. At July 31, 2015, we do not have any deferred revenues on our consolidated balance sheets. Nonrefundable fees received under licensing agreements are recognized as revenue when received if the Company has no continuing obligations to the other party. Grant revenue is recognized as the Company provides the services stipulated in the underlying grant based on the time and expenditures incurred. Amounts received in advance of services provided are recorded as deferred revenue and amortized as revenue when the services are provided. There was no grant revenue in fiscal 2015 or 2014. Research and Development Costs Expenditures for research and development are expensed as incurred and include, among other costs, those related to the production of experimental drugs, including payroll costs, and amounts incurred for conducting clinical trials. Amounts expected to be received from governments under research and development tax credit arrangements are offset against current research and development expense. Income Taxes Income taxes are accounted for under the asset and liability method prescribed by FASB ASC Topic 740. These standards require a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more likely than not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. Deferred income taxes are recorded for temporary differences between financial statement carrying amounts and the tax basis of assets and liabilities. Deferred tax assets and liabilities reflect the tax rates expected to be in effect for the years in which the differences are expected to reverse. A valuation allowance is provided if it is more likely than not that some or all of the deferred tax asset will not be realized. At The Company adopted the FASB guidance concerning accounting for uncertainty in income taxes, which clarifies the accounting and disclosure for uncertainty in tax positions, as of August 1, 2007. The guidance requires that the Company determine whether it is more likely than not that a tax position will not be sustained upon examination by the appropriate taxing authority. If a tax position does not meet the more likely than not recognition criterion, the guidance requires that the tax position be measured at the largest amount of benefit greater than 50 percent not likely of being sustained upon ultimate settlement. Based on the Company’s evaluation, management has concluded that there are no significant uncertain tax positions requiring recognition in the consolidated financial statements. Stock-Based Compensation The Company follows FASB ASC Topic 718 which requires that new, modified and unvested share-based payment transactions with employees, such as grants of stock options and restricted stock, be recognized in the financial statements based on their fair value at the grant date and recognized as compensation expense over their vesting periods. The Company estimates the fair value of stock options as of the date of grant using the Black-Scholes option pricing model and restricted stock based on the quoted market price or the value of the services provided, whichever is more readily determinable. The Company also follows the guidance in FASB ASC Topic 505 for equity based payments to non-employees for equity instruments issued to consultants and other non-employees. Net Loss per Common Share Basic earnings per share is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share gives effect to all dilutive potential common shares outstanding during the period. The computation of diluted earnings per share does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on earnings. Refer to Note 12 for methodology for determining net loss per share. Comprehensive Income/(Loss) Other comprehensive income/(loss), which includes only foreign currency translation adjustments, is shown in the consolidated statements of operations and comprehensive loss and in the consolidated statements of changes in stockholders’ deficiency. Concentration of Credit Risk The Company maintains cash balances, at times, with financial institutions in excess of amounts insured by the Canada Deposit Insurance Corporation and the U.S. Federal Deposit Insurance Corporation. Management monitors the soundness of these institutions and has not experienced any collection losses with these financial institutions. Foreign Currency Translation Foreign denominated assets and liabilities of the Company are translated into U.S. dollars at the prevailing exchange rates in effect at the end of the reporting period. Income statement accounts are translated at a weighted average of exchange rates which were in effect during the period. Translation adjustments that arise from translating the foreign subsidiary’s financial statements from local currency to U.S. currency are recorded in the other comprehensive loss component of stockholders’ equity. Fair Value of Financial Instruments Fair value is defined under FASB ASC Topic 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The levels are as follows: • Level 1 - Quoted prices in active markets for identical assets or liabilities • Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data for substantially the full term of the assets or liabilities • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities The Company’s financial instruments consist of cash and cash equivalents, other current assets, long-term debt, accounts payable and accrued expenses, as well as derivative warrant liabilities and derivative additional investment rights. All of these items, except for the derivative warrant liabilities and derivative additional investment rights, were determined to be Level 1 fair value measurements. The carrying amounts of cash and cash equivalents, other current assets and accounts payable and accrued expenses approximate their respective fair values because of the short maturities of these instruments. The Company has determined its derivative warrant liability and its derivative additional investment rights liability to be Level 2 fair value measurements and has used the binomial lattice model valuation method to calculate the fair value of the derivative warrant liability and the derivative additional investment rights liability at July 31, 2015 and 2014. See Note 9 – Derivative Liabilities Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The Company evaluates its estimates, including those related to bad debts, long lived assets (including patents) impairment valuations, debt obligations, derivatives, convertible preferred shares, long-term contracts, and contingencies and litigation, on an ongoing basis. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Critical accounting estimates are reviewed and discussed with the audit committee of the board of directors. The Company considers an accounting estimate to be critical if it requires assumptions to be made that were uncertain at the time the estimate was made, if changes in the estimate or if different estimates that could have been selected would have a material impact on our results of operations or financial condition. Effects of Recent Accounting Pronouncements Recently Issued Accounting Pronouncements In November 2014, the FASB issued guidance regarding Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity. In August 2014, the FASB issued guidance regarding disclosure of uncertainties about an entity’s ability to continue as a going concern. The guidance will be effective for the Company’s fiscal year ended July 31, 2017 and subsequent interim periods. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

Property and Equipment and Asse

Property and Equipment and Assets Held for Investment	12 Months Ended
	Jul. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment and Assets Held for Investment	Note 3 – Property and Equipment and Assets Held for Investment Property and Equipment The costs and accumulated depreciation of property and equipment are summarized as follows: July 31, 2015 2014 Furniture and Fixtures $ 10,954 $ 13,078 Total Property and Equipment 10,954 13,078 Less: Accumulated Depreciation 8,085 7,785 Property and Equipment, Net $ 2,869 $ 5,293 Depreciation expense related to property and equipment amounted to $1,726 and $10,482 for the years ended July 31, 2015 and 2014, respectively. Assets Held for Investment, Net The Company did not have any assets held for investment at either July 31, 2015 or 2014, as it sold its remaining investment property in the first quarter of fiscal 2014. The Company held these properties for investment purposes and collected rental income as described directly below. Income from Assets Held for Investment, net In August 2013, the Company sold a property which was held for investment for gross proceeds after real estate commissions of $883,780. This property had a net book value of $694,911, resulting in an accounting gain of $188,869 which is included in income from assets held for investment, net on the consolidated statement of operations and comprehensive loss. The property was secured by a mortgage which was discharged upon the sale, as described in the last paragraph of this note below. After the discharge of the mortgage ($606,806), as well as legal fees, interest, penalties and other costs ($73,628 in aggregate) the sale resulted in net cash proceeds to the Company of $203,346. The remaining income of $0 and $4,738 in this category in the respective fiscal years ended July 31, 2015 and 2014, pertains to rental income from properties held for investment, net of carrying and operating expenses. Gross income from rental operations was $0 and $7,847 and rental expenses were $0 and $3,109, including the depreciation expense relating to assets held for investment, for the years ended July 31, 2015 and 2014, respectively. Prior to the August 2013 property sale, the properties held for investment had an interest only first mortgage which closed on November 30, 2012 with a principal amount $606,806, an interest rate of 9.75% compounded semi-annually and a maturity date of November 30, 2013. Upon the sale of the property, the mortgage was discharged.

Patents

Patents	12 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Patents	Note 4 - Patents The costs and accumulated amortization of patents are summarized as follows: July 31, 2015 2014 Patents $ 4,705,715 $ 5,725,908 Less: Accumulated Amortization 3,275,699 3,679,547 Patents, Net $ 1,430,016 $ 2,046,361 Weighted Average Life 6.6 years 7.8 years Amortization expense amounted to $378,954 and $357,965 for the years ended July 31, 2015 and 2014, respectively. Amortization expense is expected to be approximately $265,000 per year for the years ended July 31, 2016 through 2020. During the year ended July 31, 2015, the Company wrote off patents with a net book value of $320,160 as the patents had been abandoned or were no longer being used. The charge was included in general and administrative expenses on our consolidated statements of operations and comprehensive loss. During the year ended July 31, 2014, the Company did not write off any patents.

Income Taxes

Income Taxes	12 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 5 - Income Taxes The Company has incurred losses since inception, which have generated net operating loss (“NOL”) carryforwards. The NOL carryforwards arise from both United States and Canadian sources. Pretax (losses)/income arising from domestic operations (United States) were $(677,616) and $1,274,619 for the years ended July 31, 2015 and 2014, respectively. Pretax losses arising from foreign operations (Canada) were $1,515,741 and $1,276,036 for the years ended July 31, 2015 and 2014, respectively. As of July 31, 2015, the Company has NOL carryforwards in Generex Biotechnology Corporation of approximately $200 million, which expire in 2018 through 2035, in Generex Pharmaceuticals Inc. of approximately $32 million, which expire in 2016 through 2035, and in Antigen Express, Inc. of approximately $29 million, which expire in 2016 through 2035. These loss carryforwards are subject to limitation due to the acquisition of Antigen and may be limited in future years due to certain structural ownership changes which have occurred over the last several years, related to the Company’s equity and convertible debenture financing transactions. For the years ended July 31, 2015 and 2014, the Company’s effective tax rate differs from the federal statutory rate principally due to net operating losses and other temporary differences for which no benefit was recorded. Deferred income taxes consist of the following: July 31, 2015 2014 Net operating loss carryforwards $ 86,370,251 $ 90,515,261 Other temporary differences 338,000 299,010 Intangible assets 108,022 291,002 Total Deferred Tax Assets 86,816,273 91,105,273 Valuation Allowance (86,816,273) (91,105,273 ) Deferred Tax Liabilities Intangible assets — — Other temporary differences — — Total Deferred Tax Liabilities — — Net Deferred Income Taxes $ — $ — A reconciliation of the United States Federal Statutory rate to the Company’s effective tax rate for the years ended July 31, 2015 and 2014 is as follows: 2015 2014 Federal statutory rate (34.0 )% (34.0 )% Increase (decrease) in income taxes resulting from: Imputed interest income on intercompany receivables from foreign subsidiaries 4 4,037 Non-deductible or non-taxable items (24 ) (111,569 ) Other temporary differences 170 (84,061 ) Change in valuation allowance (116 ) 191,627 Effective tax rate — % — % As of July 31, 2015, the Company had no tax benefits which have not been fully allowed for, and no adjustment to its financial position, results of operations or cash flows was required. The Company does not expect that unrecognized tax benefits will increase within the next twelve months. The Company records interest and penalties related to tax matters within other expense on the accompanying consolidated statement of operations. These amounts are not material to the consolidated financial statements for the periods presented. Generally, tax years 2012 to 2015 remain open to examination by the Internal Revenue Agency or other tax jurisdictions to which the Company is subject. The Company’s Canadian tax returns are subject to examination by federal and provincial taxing authorities in Canada. Generally, tax years 2007 to 2015 remain open to examination by the Canadian Customs and Revenue Agency or other tax jurisdictions to which the Company is subject.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses and Deferred Revenue	12 Months Ended
	Jul. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Note 6 - Accounts Payable and Accrued Expenses and Deferred Revenue Accounts payable and accrued expenses consist of the following: July 31, 2015 2014 Accounts Payable and Accruals - General and Administrative $ 3,156,951 $ 3,208,069 Accounts Payable and Accruals - Research and Development 3,861,902 3,955,543 Accounts Payable and Accruals - Selling and Marketing 326,250 327,067 Accrued Make-whole Payments on Convertible Preferred Stock (See Note 8) 315,900 337,500 Executive Compensation and Directors’ Fees Payable 357,330 205,943 Total $ 8,018,333 $ 8,034,122 In the fiscal year ended July 31, 2015 the Company had a gain on extinguishment of debt of $327,839 related to the final settlement of a previously owed balance to a vendor. In addition, the Company wrote off a balance of $223,662 previously reported as deferred revenue on the consolidated balance sheets. These amounts have been reported on the Company’s consolidated statements of operations and comprehensive loss under the caption “Gain on extinguishment of debt” and are included in the changes in accounts payable and accrued expenses and deferred revenue categories, respectively in the consolidated statements of cash flows. At July 31, 2015 and 2014, there were deferred revenue balances of $0 and $223,662, respectively on our consolidated balance sheets.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Note 7 - Commitments and Contingent Liabilities Leases The Company has entered into various operating lease agreements for the use of operating space, vehicles and office equipment. Aggregate minimum annual lease commitments (net of variable tax and operating expense charges) Fiscal Year Amount 2016 $ 32,930 2017 34,760 2018 35,126 2019 38,053 2020 and thereafter 6,440 Total Minimum Lease Payments $ 147,309 Lease expense amounted to approximately $59,000 and $162,000 for the years ended July 31, 2015 and 2014, respectively. In June 2014, the Company signed a lease extension for its office space in Toronto, Canada which runs from October 2014 through September 2019 at a monthly gross rent, including taxes and expenses of approximately $5,500 per month. The preceding data reflects existing leases and does not include replacements upon their expiration. In the normal course of business, operating leases are generally renewed or replaced by other leases. Pending Litigation In February 2001, a former business associate of the former Vice President of Research and Development (“VP”) of the Company and an entity known as Centrum Technologies Inc. (“CTI”) commenced an action in the Ontario Superior Court of Justice against the Company and the VP seeking, among other things, damages for alleged breaches of contract and tortious acts related to a business relationship between this former associate and the VP that ceased in July 1996. The plaintiffs’ statement of claim also seeks to enjoin the use, if any, by the Company of three patents allegedly owned by CTI. The three patents are entitled Liquid Formulations for Proteinic Pharmaceuticals Vaccine Delivery System for Immunization, Using Biodegradable Polymer Microspheres Controlled Releases of Drugs or Hormones in Biodegradable Polymer Microspheres On May 20, 2011, Ms. Perri filed a statement of claim (subsequently amended) in the Ontario Superior Court of Justice, naming as defendants the Company and certain directors of the Company, Mr. Barratt, Ms. Masterson, Mr. McGee, and Mr. Fletcher. In this action, Ms. Perri has alleged that defendants engaged in discrimination, harassment, bad faith and infliction of mental distress in connection with the termination of her employment with the Company. Ms. Perri is seeking damages in this action in excess of $7,000,000 for, among other things, breach of contract, breach of fiduciary duty, violations of the Ontario Human Rights Code and aggravated and punitive damages. On September 20, 2011, the defendants filed a statement of defense and counterclaim, also naming Time Release Corp., Khazak Group Consulting Corp., and David Khazak, C.A. as defendants by counterclaim, and seeking damages of approximately $2.3 million in funds that the defendants allege Ms. Perri wrongly caused the Company to pay to third parties in varying amounts over several years and an accounting of certain third-party payments, plus interests and costs. The factual basis for the counterclaim involves payments made by the Company to third parties believed to be related to Ms. Perri. The Company intends to defend this action and pursue its counterclaim vigorously and is not able to predict the ultimate outcome of this legal proceeding at the present time or to estimate an amount or range of potential loss, if any, from this legal proceeding. On June 1, 2011, Golden Bull Estates Ltd. filed a claim (subsequently amended) in the Ontario Superior Court of Justice, naming the Company, 1097346 Ontario, Inc. and Generex Pharmaceuticals, Inc. as defendants. The plaintiff, Golden Bull Estates, is controlled by Ms. Perri. The plaintiff alleges damages in the amount of $550,000 for breach of contract, $50,000 for punitive damages, plus interest and costs. The plaintiff’s claims relate to an alleged contract between the plaintiff and the Company for property management services for certain Ontario properties owned by the Company. The Company terminated the plaintiff’s property management services in April 2011. Following the close of pleadings, the Company served a motion for summary judgment. The plaintiff responded by amending its statement of claim to include a claim to the Company’s interest in certain of its real estate holdings. The plaintiff moved for leave to issue and register a Certificate of Pending Litigation in respect of this real estate. The motion was not successful in respect of any current real estate holdings of the Company. The Company is not able to predict the ultimate outcome of this legal proceeding at the present time or to estimate an amount or range of potential loss, if any, from this legal proceeding. In December 2011, a vendor of the Company commenced an action against the Company and its subsidiary, Generex Pharmaceuticals, Inc., in the Ontario Superior Court of Justice claiming damages for unpaid invoices including interest in the amount of $429,000, in addition to costs and further interest. The Company responded to this statement of claim and also asserted a counterclaim in the proceeding for $200,000 arising from the vendor’s breach of contract and detinue, together with interest and costs. On November 16, 2012, the parties agreed to settle this action and the Company has agreed to pay the plaintiff $125,000, following the spinout of its subsidiary Antigen, from the proceeds of any public or private financing related to Antigen subsequent to such spinout. Each party agreed to execute mutual releases to the claim and counterclaim to be held in trust by each party’s counsel until payment of the settlement amount. Following payment to the plaintiff, the parties agree that a Consent Dismissal Order without costs will be filed with the court. If the Company fails to make the payment following completion of any post-spinout financing related to Antigen or any other subsidiaries, the Plaintiffs may take out a judgment in the amount of the claim plus interest of 3% per annum and costs fixed at $25,000. The Company is involved in certain other legal proceedings in addition to those specifically described herein. Subject to the uncertainty inherent in all litigation, the Company does not believe at the present time that the resolution of any of these legal proceedings is likely to have a material adverse effect on the Company’s consolidated financial position, operations or cash flows. With respect to all litigation, as additional information concerning the estimates used by the Company becomes known, the Company reassesses its position both with respect to accrued liabilities and other potential exposures. Employment Agreements As of July 31, 2015, the Company had an employment arrangement with its President & Chief Executive Officer, whereby the Company is required to pay an annual base salary of $475,000. The term of service for this executive extended through March 16, 2008, which term had not been formally extended as of July 31, 2015. In the event the agreement is terminated, by reason other than cause, death, voluntary retirement or disability, the Company is required to pay the employee in one lump sum twelve months base salary and the average annual bonus. As of July 31, 2015, the Company has an at will employment agreement with an Antigen employee requiring the Company to pay an annual aggregate salary of $260,480 to the employee. In the event the agreement is terminated by reason other than death, disability, a voluntary termination not for good reason (as defined in the agreement) or a termination for cause, the Company is required to pay the employee severance of six months’ salary ($130,240), in accordance with the terms of the individual’s employment agreement.

Series A, B, C, D, E, F & G 9%

Series A, B, C, D, E, F & G 9% Convertible Preferred Stock	12 Months Ended
	Jul. 31, 2015
Series B C D E F G 9 Convertible Preferred Stock
Series A, B, C, D, E & F 9% Convertible Preferred Stock	Note 8 - Series A, B, C, D, E, F & G 9% Convertible Preferred Stock Series A 9% Convertible Preferred Stock The Company has authorized 5,500 shares of Series A 9% Convertible Preferred Stock with a stated value of one thousand ($1,000) per share. Pursuant to a securities purchase agreement dated July 8, 2011, the Company sold an aggregate of 2,575 shares of convertible preferred stock, as well as accompanying warrants to purchase 17,166,666 shares of common stock. An aggregate of 17,166,666 shares of the Company’s common stocks were issuable upon conversion of the convertible preferred stock which was issued at the initial closing. As of the end of the Company’s fiscal year 2012, all of the issued Series A 9% Convertible Preferred Stock had been converted to common stock. There were 17,166,666 shares of common stock issued upon the conversion of the Series A convertible preferred stock and 6,129,666 shares of common stock issued as “make-whole payments” on such conversions. Series B 9% Convertible Preferred Stock The Company has authorized 2,000 shares of Series B 9% Convertible Preferred Stock with a stated value of one thousand ($1,000) per share. Pursuant to a securities purchase agreement dated January 31, 2012, the Company sold an aggregate of 2,000 shares of Series B convertible preferred stock, as well as accompanying warrants to purchase 13,333,333 shares of common stock. An aggregate of 13,333,333 shares of the Company’s common stock were issuable upon conversion of the Series B convertible preferred stock which was issued at the initial closing. On December 10, 2012, the triggering of the price protection features of the Series B convertible preferred stock resulted in a decrease of the conversion price from $0.08 to $0.03 per share and a corresponding increase in the number of common shares underlying the remaining 792 shares of Series B convertible preferred stock as of December 10, 2012 from 9,897,500 to 26,393,333. As of the end of the Company’s fiscal year 2013, all of the issued Series B 9% Convertible Preferred Stock had been converted to common stock. There were 38,520,832 shares of common stock issued upon the conversion of the Series B convertible preferred stock and 14,819,679 shares of common stock issued as “make-whole payments” on such conversions. Series C 9% Convertible Preferred Stock The Company has authorized 750 shares of Series C 9% Convertible Preferred Stock with a stated value of one thousand ($1,000) per share. Pursuant to a securities purchase agreement dated August 8, 2012, the Company sold an aggregate of 750 shares of Series C convertible preferred stock, as well as accompanying warrants to purchase 9,375,000 shares of common stock. An aggregate of 9,375,000 shares of the Company’s common stock were issuable upon conversion of the Series C convertible preferred stock which was issued at the initial closing. On December 10, 2012, the triggering of the price protection features of the Series C convertible preferred stock resulted in a decrease of the conversion price from $0.08 to $0.03 per share and a corresponding increase in the number of common shares underlying the 650 shares of Series C convertible preferred stock as of December 10, 2012 from 8,125,000 to 21,666,666. As of the end of the Company’s fiscal year 2013, all of the issued Series C 9% Convertible Preferred Stock had been converted to common stock. There were 22,916,665 shares of common stock issued upon the conversion of the Series C convertible preferred stock and 6,664,863 shares of common stock issued as “make-whole payments” on such conversions. Series D 9% Convertible Preferred Stock The Company has authorized 750 shares of Series D 9% Convertible Preferred Stock with a stated value of one thousand ($1,000) per share. Pursuant to a securities purchase agreement dated December 10, 2012, the Company sold an aggregate of 750 shares of Series D convertible preferred stock, as well as accompanying warrants to purchase 24,999,999 shares of common stock. An aggregate of 24,999,999 shares of the Company’s common stock were issuable upon conversion of the Series D convertible preferred stock which was issued at the initial closing. As of the end of the Company’s fiscal year 2013, all of the Series D convertible preferred stock had been converted to common stock. There were 24,999,999 shares of common stock issued upon the conversion of the Series D convertible preferred stock and 7,825,191 shares of common stock issued as “make-whole payments” on such conversions. Series E 9% Convertible Preferred Stock The Company has authorized 2,450 shares of Series E 9% Convertible Preferred Stock with a stated value of one thousand ($1,000) per share. Pursuant to a securities purchase agreement dated June 17, 2013, the Company sold an aggregate of 1,225 shares of Series E convertible preferred stock, as well as accompanying warrants to purchase 40,833,335 shares of common stock. An aggregate of 40,833,335 shares of the Company’s common stock are issuable upon conversion of the Series E convertible preferred stock which was issued at the initial closing on June 17, 2013. Pursuant to a securities purchase agreement dated January 14, 2014, the Company sold an aggregate of 800 shares of Series E convertible preferred stock, as well as accompanying warrants to purchase 26,666,668 shares of common stocks. An aggregate of 26,666,668 shares of the Company’s common stock are issuable upon conversion of the Series E convertible preferred stock which was issued at the closing on January 15, 2014. The conversion price for the Series E Convertible Preferred Stock was adjusted from $0.03 to $0.015 after the Series G Convertible Preferred Stock financing on June 24, 2015 and the number of common shares underlying the 25 Series E Convertible Preferred Stock outstanding at that date increased from 833,333 to 1,666,666. As of July 31, 2015, all of the Series E convertible preferred stock had been converted to common stock. There were 68,333,333 shares of common stock issued upon the conversion of the Series E convertible preferred stock and Similar to the accounting treatment of the Series F and G 9% Convertible Preferred Stock below, as the assigned fair values of the various components of the financing were greater than the net cash proceeds from the transaction, the excess of $472,279 was treated as a “deemed dividend” for accounting purposes and was reported on the Company’s consolidated statement of operations and comprehensive loss for the fiscal year ended July 31, 2014 under the caption “Preferred Stock Dividend”. Series F and G 9% Convertible Preferred Stock The Company has authorized 4,150 shares of Series F 9% Convertible Preferred Stock with a stated value of one thousand ($1,000) per share. Pursuant to a securities purchase agreement dated March 27, 2014, the Company sold an aggregate of 2,075 shares of Series F convertible preferred stock, as well as accompanying warrants to purchase 69,166,667 shares of common stock. An aggregate of 69,166,667 shares of the Company’s common stock were issuable upon conversion of the Series F convertible preferred stock which was issued at the closing on March 27, 2014. The Company has authorized 1,000 shares of Series G 9% Convertible Preferred Stock with a stated value of one thousand ($1,000) per share. Pursuant to a securities purchase agreement dated June 24, 2015, the Company sold an aggregate of 500 shares of Series G convertible preferred stock, as well as accompanying warrants to purchase 33,333,333 shares of common stock. An aggregate of 33,333,333 shares of the Company’s common stock are issuable upon conversion of the Series G convertible preferred stock which was issued at the closing on June 24, 2015. Subject to certain ownership limitations, the convertible preferred stock is convertible at the option of the holder at any time into shares of the Company’s common stock at an effective conversion price of $0.015 per share (Note: The conversion price for the Series F Convertible Preferred Stock was adjusted from $0.03 to $0.015 in conjunction with the Series G Convertible Preferred Stock financing on June 24, 2015.), and will accrue a 9% dividend until the third year anniversary of the issuances. On each one year anniversary thereafter, such dividend rate will increase by an additional 3%. The dividend is payable quarterly on September 30, December 31, March 31 and June 30, beginning on June 30, 2014 and June 30, 2015, respectively, and on each conversion date in cash, or at the Company’s option, in shares of common stock. In the event that the Series F and G convertible preferred stock is converted prior to March 27, 2017 and June 24, 2018, respectively, the Company will pay the holder of the converted preferred stock an amount equal to $270 per $1,000 of stated value of the convertible preferred stock, less the amount of all prior quarterly dividends paid on such converted preferred stock before the relevant conversion date. Such “make-whole payment” may be made in cash or, at the Company’s option, in shares of its common stock. In addition, beginning on the third anniversary date of the issuances, the Company will pay dividends on shares of preferred stock equal to (on an as-if-converted-to-common-stock basis) and in the same form as dividends (other than dividends in the form of common stock) actually paid on shares of the common stock when, and if such dividends are paid. The Company will incur a late fee of 18% per annum on unpaid dividends. The conversion price of the convertible preferred stock is subject to adjustment in the case of stock splits, stock dividends, combinations of shares, similar recapitalization transactions and certain pro-rata distributions to common stockholders. The conversion price will also be adjusted if the Company sells or grants any shares of common stock or securities convertible into,or rights to acquire, common stock at an effective price per share that is lower than the then conversion price, except in the event of certain exempt issuances. In addition, the holders of convertible preferred stock will be entitled to receive any securities or rights to acquire securities or property granted or issued by the Company pro rata to the holders of its common stock to the same extent as if such holders had converted all of their shares of convertible preferred stock. In the event of a fundamental transaction, such as a merger, consolidation, sale of substantially all assets and similar reorganizations or recapitalizations, the holders of convertible preferred stock will be entitled to receive, upon conversion of their shares, any securities or other consideration received by the holders of the Company’s common stock pursuant to the fundamental transaction. The conversion price for the Series F Convertible Preferred Stock was adjusted from $0.03 to $0.015 for the Series F Convertible Preferred Stock in conjunction with the Series G Convertible Preferred Stock on June 24, 2015 and the number of common shares underlying the 838 Series F Convertible Preferred Stock outstanding at that date increased from 27,941,667 to 55,883,333. In conjunction with the issuance of the Series F convertible preferred stock in March 2014 and the issuance of the Series G convertible preferred stock in June 2015, the Company also issued 69,166,667 and 33,333,333 warrants, respectively to the investors. Subject to certain ownership limitations, the warrants will be exercisable at any time after their respective dates of issuance and on or before the fifth-year anniversary thereafter at an exercise price of $0.015 per share of common stock (Note: The conversion price for the warrants issued in the Series F Convertible Preferred Stock financing was adjusted from $0.03 to $0.015 in conjunction with the Series G Convertible Preferred Stock financing on June 24, 2015 and the number of warrants increased from 69,166,667 to 138,333,334). The exercise price of the warrants and, in some cases, the number of shares issuable upon exercise, are subject to adjustment in the case of stock splits, stock dividends, combinations of shares, similar recapitalization transactions and certain pro-rata distributions to common stockholders. The exercise price and number of shares of common stock issuable upon exercise will also be adjusted if the Company sells or grants any shares of common stock or securities convertible into, or rights to acquire, common stock at an effective price per share that is lower than the then exercise price, except in the event of certain exempt issuances. In addition, the warrant holders will be entitled to receive any securities or rights to acquire securities or property granted or issued by the Company pro rata to the holders of its common stock to the same extent as if such holders had exercised all of their warrants. In the event of a fundamental transaction, such as a merger, consolidation, sale of substantially all assets and similar reorganizations or recapitalizations, the warrant holders will be entitled to receive, upon exercise of their warrants, any securities or other consideration received by the holders of the Company’s common stock pursuant to the fundamental transaction. These warrants have been classified as derivative liabilities and are described further in Note 9 – Derivative Liabilities . In addition, until the first anniversary date of the March 2014 securities purchase agreement and the first anniversary of the August 19, 2015 shareholder approval of the increase in authorized stock, respectively, each investor may, in its sole determination, elect to purchase, severally and not jointly with the other investors, in one or more purchases, in the ratio of such investor's original subscription amount to the original aggregate subscription amount of all investors, additional units consisting of convertible preferred stock and warrants at a purchase price of $1,000 per unit with an aggregate subscription amount thereof of up to $2,075,000 and $500,000, respectively, which units will have terms identical to the units of convertible preferred stock and warrants issued in connection with the March 2014 and June 2015 closings. These additional investment rights of the investors have been classified as derivative liabilities and are described further in Note 9 – Derivative Liabilities . As of July 31, 2015, 1,405 of the Series F convertible preferred stock had been converted to common stock. There were 52,441,666 shares of common stock issued upon the conversion of the Series F convertible preferred stock and 16,394,671 shares of common stock issued as “make-whole payments” on such conversions. As of July 31, 2015, none of the Series G convertible preferred stock had been converted to common stock. Accounting for proceeds from the Series F convertible preferred stock financing The initial cash proceeds, net of issuance costs of $55,000, from the Series F convertible preferred stock financing in March 2014 were $2,020,000. The proceeds from the financing were allocated first to the warrants that were issued in the financing, second to the additional investment rights associated with the financing and then to the make whole payments and subsequent issuance costs. As the assigned fair values were greater than the net cash proceeds from the transaction, the excess was treated as a “deemed dividend” for accounting purposes and was reported on the Company’s consolidated statement of operations and comprehensive loss for the fiscal year ended July 31, 2014 under the caption “Preferred Stock Dividend”. The calculation methodologies for the fair values of the derivative warrant liability and the derivative additional investment rights liability are described in Note 9 – Derivative Liabilities Accounting allocation of initial proceeds Net proceeds $ 2,020,000 Derivative warrant liability fair value (2,016,064 ) Derivative additional investment rights fair value (863,735 ) Other issuance costs (finders’ fee) (166,000 ) Make whole payments liability (560,250 ) Deemed dividend $ (1,586,050 ) The initial “make-whole payments” of $560,250 on the Series F convertible preferred stock were accrued as of the date of the financing and the remaining balance of $180,900 (after conversions) is included in Accounts Payable and Accrued Expenses (see Note 6) at July 31, 2015. Accounting for proceeds from the Series G convertible preferred stock financing The initial cash proceeds, net of issuance costs of $25,000, from the Series G convertible preferred stock financing in June 2015 were $475,000. The proceeds from the financing were allocated first to the warrants that were issued in the financing, second to the additional investment rights associated with the financing and then to the make whole payments and subsequent issuance costs. As the assigned fair values were greater than the net cash proceeds from the transaction, the excess was treated as a “deemed dividend” for accounting purposes and was reported on the Company’s consolidated statement of operations and comprehensive loss for the fiscal year ended July 31, 2015 under the caption “Preferred Stock Dividend”. The calculation methodologies for the fair values of the derivative warrant liability and the derivative additional investment rights liability are described in Note 9 – Derivative Liabilities Accounting allocation of initial proceeds Net proceeds $ 475,000 Derivative warrant liability fair value (354,535 ) Derivative additional investment rights fair value (285,048 ) Other issuance costs (finders’ fee) (40,000 ) Make whole payments liability (135,000 ) Deemed dividend $ (339,583 ) The initial “make-whole payments” of $135,000 on the Series G convertible preferred stock were accrued as of the date of the financing and the remaining balance of $135,000 (after conversions) is included in Accounts Payable and Accrued Expenses (see Note 6) at July 31, 2015.

Derivative Liabilities

Derivative Liabilities	12 Months Ended
	Jul. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liabilities:	Note 9 - Derivative Liabilities: Derivative warrant liability The Company has warrants outstanding with price protection provisions that allow for the reduction in the exercise price of the warrants in the event the Company subsequently issues stock or securities convertible into stock at a price lower than the exercise price of the warrants. Simultaneously with any reduction to the exercise price, the number of shares of common stock that may be purchased upon exercise of each of these warrants shall be increased or decreased proportionately, so that after such adjustment the aggregate exercise price payable for the adjusted number of warrants shall be the same as the aggregate exercise price in effect immediately prior to such adjustment. Accounting for Derivative Warrant Liability The Company’s derivative instruments have been measured at fair value at July 31, 2015 and 2014 using the binomial lattice model. The Company recognizes all of its warrants with price protection in its consolidated balance sheets as a liability. The liability is revalued at each reporting period and changes in fair value are recognized currently in the consolidated statements of operations and comprehensive loss. The initial recognition and subsequent changes in fair value of the derivative warrant liability have no effect on the Company’s consolidated cash flows. The derivative warrants outstanding at July 31, 2015 are all currently exercisable with a weighted-average remaining life of 2.5 years. The revaluation of the warrants at the end of the respective reporting periods resulted in the recognition of a gain of $626,763 within the Company’s consolidated statements of operations and comprehensive loss for the fiscal year ended July 31, 2015 and a gain of $3,362,497 within the Company’s consolidated statements of operations and comprehensive loss for the fiscal year ended July 31, 2014, which are included in the consolidated statement of operations and comprehensive loss under the caption “Change in fair value of derivative liabilities”. The fair values of the warrants at July 31, 2015 and 2014 were $2,363,415 and $2,635,643, respectively, which are reported on the consolidated balance sheets under the caption “Derivative Warrant Liability”. The following summarizes the changes in the value of the derivative warrant liability from August 1, 2013 until July 31, 2015: Value No. of Warrants Balance at August 1, 2013 – Derivative warrant liability $ 5,234,293 220,687,537 Exercise of warrants (2,194,496 ) (76,732,020 ) Additional warrants issued in January 2014 financing 942,279 26,666,668 Additional warrants issued in March 2014 financing 2,016,064 69,166,667 Decrease in fair value of derivative warrant liability (3,362,497 ) n/a Balance at July 31, 2014 – Derivative warrant liability 2,635,643 239,788,852 Additional warrants from price protection features of existing warrants 2,111,077 239,788,852 Additional warrants issued in June 2015 financing 354,535 33,333,333 Decrease in fair value of derivative warrant liability (2,737,840 ) n/a Balance at July 31, 2015 – Derivative warrant liability $ 2,363,415 512,911,037 Fair Value Assumptions Used in Accounting for Derivative Warrant Liability The Company has determined its derivative warrant liability to be a Level 2 fair value measurement and has used the binominal lattice pricing model to calculate the fair value as of July 31, 2015 and July 31, 2014. The binomial lattice model requires six basic data inputs: the exercise or strike price, time to expiration, the risk free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Because the warrants contain the price protection feature, the probability that the exercise price of the warrants would decrease as the stock price decreased was incorporated into the valuation calculations. The key inputs used in the July 31, 2015 and July 31, 2014 fair value calculations were as follows: July 31, 2015 July 31, 2014 Current exercise price $ 0.015 $ 0.03 Time to expiration 2.5 years 3.3 years Risk-free interest rate 1.08 % 1.02 % Estimated volatility 82 % 80 % Dividend -0- -0- Stock price at period end date $ 0.01 $ 0.021 Fair Value Assumptions Used in Accounting for Derivative Additional Investment Rights Liability The Company has determined the derivative additional investment rights liability to be a Level 2 fair value measurement and has used the binominal lattice pricing model to measure the fair value. The additional investment rights from the March 2014 Series F financing expired in March 2015 and their value at July 31, 2015 is zero. The fair value of the derivative liability associated with the additional investment rights was determined to be $142,662 (June 2015 Series G financing) and $719,088 (March 2014 Series F financing) at July 31, 2015 and 2014, respectively. The key inputs used in the fair value calculation at July 31, 2015 and 2014 were as follows: July 31, 2015 July 31, 2014 Underlying number of units of convertible preferred stock 500 2,075 Underlying number of units of warrants 33,333,333 69,166,667 Current exercise price of warrants $ 0.015 $ 0.03 Current conversion price of preferred stock $ 0.015 $ 0.03 Time to expiration 1.05 years 0.65 years Risk-free interest rate 0.30 % 0.09 % Estimated volatility 79 % 61 % Dividend -0- -0- Stock price at period end date $ 0.01 $ 0.021 The partial exercise of the additional investment rights in the quarter ended July 31, 2014, resulted in a transfer from the derivative liability to additional paid in capital of $237,566, which was the estimated fair value of the additional investment rights exercised as of the date of exercise on January 15, 2014. The revaluation of the additional investment rights in the fiscal year ended July 31, 2015, resulted in the recognition of a gain of $861,474 and in the fiscal year ended July 31, 2014, the revaluation resulted in the recognition of a gain of $1,163,242. The gains are recorded within the Company’s consolidated statements of operations and comprehensive loss under the caption “Change in fair value of derivative liabilities”.

Stockholders_ Deficiency

Stockholders’ Deficiency	12 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Stockholders’ (Deficiency)/Equity:	Note 10 - Stockholders’ Deficiency Warrants As of July 31, 2015, the Company has the following warrants to purchase common stock outstanding: Number of Shares to be Purchased* Warrant Exercise Price per Share Warrant Expiration Date 129,033,516 $ 0.015 March 31, 2016 54,545,440 $ 0.015 September 30, 2016 11,350,454 $ 0.015 February 1, 2017 9,999,998 $ 0.015 August 10, 2017 16,648,288 $ 0.015 December 12, 2017 68,333,338 $ 0.015 June 17, 2018 51,333,336 $ 0.015 January 15, 2019 138,333,334 $ 0.015 March 27, 2019 33,333,333 $ 0.015 June 25, 2020 512,911,037 * All outstanding warrants are subject to price protection provisions as described below. There are 512,911,037 warrants outstanding as of July 31, 2015. During the fiscal year ended July 31, 2015, 17,542,402 warrants, which had an average exercise price of $0.84 per warrant, expired. There were no warrants exercised for the fiscal year ended July 31, 2015. The outstanding warrants at July 31, 2015 have a weighted average exercise price of $0.015 per share and have a weighted average remaining life of 2.5 years. As of July 31, 2015, the Company has 512,911,037 warrants with a current exercise price of $0.015 which have price protection provisions that allow for the reduction in the current exercise price upon the occurrence of certain events, including the Company’s issuance of common stock or securities convertible into or exercisable for common stock, such as options and warrants, at a price per share less than the exercise price then in effect. For instance, if the Company issues shares of its common stock or options exercisable for or securities convertible into common stock at an effective price per share of common stock less than the exercise price then in effect, the exercise price will be reduced to the effective price of the new issuance. Simultaneously with any reduction to the exercise price, the number of shares of common stock that may be purchased upon exercise of each of these warrants shall be increased proportionately, so that after such adjustment the aggregate exercise price payable for the adjusted number of warrants shall be the same as the aggregate exercise price in effect immediately prior to such adjustment. There are a limited number of permitted types of stock and equity instrument issuances for each series of warrants which will not invoke the price protection provisions of these warrants. The conversion price for all previously outstanding warrants was adjusted from $0.03 to $0.015 in conjunction with the Series G Convertible Preferred Stock financing on June 24, 2015 and the total number of previously outstanding warrants increased from 239,788,852 to 479,577,704, in addition to the 33,333,333 warrants issued in the financing. The Company accounts for the warrants with price protection provisions in accordance with FASB ASC Topic 815 as described in Note 9 - Derivative Liabilities Preferred Stock The Company has authorized 1,000,000 shares of preferred stock with a par value of one-tenth of a cent ($.001) per share. The preferred stock may be issued in various series and shall have preference as to dividends and to liquidation of the Company. The Company’s Board of Directors is authorized to establish the specific rights, preferences, voting privileges and restrictions of such preferred stock, or any series thereof. At July 31, 2015, 670 shares of the Company’s non-voting Series F 9% Convertible Preferred Stock and 500 shares of the Company’s non-voting Series G 9% Convertible Preferred Stock were issued and outstanding. At July 31, 2014, 25 shares of the Company’s non-voting Series E 9% Convertible Preferred Stock and 1,225 shares of the Company’s non-voting Series F 9% Convertible Preferred Stock were issued and outstanding. See Note 9 - Series A, B, C, D, E, F and G 9% Convertible Preferred Stock Equity Instruments Issued for Services Rendered During the years ended July 31, 2015 and 2014, the Company issued stock options, warrants and shares of common stock in exchange for services rendered to the Company. The fair value of each stock option and warrant was valued using the Black Scholes pricing model which takes into account as of the grant date the exercise price and expected life of the stock option or warrant, the current price of the underlying stock and its expected volatility, expected dividends on the stock and the risk free interest rate for the term of the stock option or warrant. Shares of common stock are valued at the quoted market price on the date of grant. The fair value of each grant was charged to the related expense in the consolidated statement of operations for the services received (see Note 11).

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Jul. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation:	Note 11 – Stock-Based Compensation Stock Option Plans As of July 31, 2015, the Company had two stockholder-approved stock incentive plans under which shares and options exercisable for shares of common stock have been or may be granted to employees, directors, consultants and advisors. A total of 12,000,000 shares of common stock are reserved for issuance under the 2001 Stock Option Plan (the 2001 Plan) and 135,000,000 shares of common stock are reserved for issuance under the 2006 Stock Plan as amended (the 2006 Plan). At July 31, 2015, there were 2,338,916 and 81,630,576 shares of common stock reserved for future awards under the 2001 Plan and 2006 Plan, respectively. The Company issues new shares of common stock from the shares reserved under the respective Plans upon conversion or exercise of options and issuance of restricted shares. The 2001 and 2006 Plans (the Plans) are administered by the Board of Directors (the Board). The Board is authorized to select from among eligible employees, directors, advisors and consultants those individuals to whom options are to be granted and to determine the number of shares to be subject to, and the terms and conditions of the options. The Board is also authorized to prescribe, amend and rescind terms relating to options granted under the Plans. Generally, the interpretation and construction of any provision of the Plans or any options granted hereunder is within the discretion of the Board. The Plans provide that options may or may not be Incentive Stock Options (ISOs) within the meaning of Section 422 of the Internal Revenue Code. Only employees of the Company are eligible to receive ISOs, while employees and non-employee directors, advisors and consultants are eligible to receive options which are not ISOs, i.e. “Non-Qualified Options.” The options granted by the Board in connection with its adoption of the Plans were Non-Qualified Options. In addition, the 2006 Plan also provides for restricted stock grants. Share-based employee compensation related to stock options for the years ended July 31, 2015 and 2014 amounted to $0 and $262,871 for each year and were charged to the consolidated statements of operations and comprehensive loss. Share-based employee compensation related to common stock grants for the years ended July 31, 2015 and 2014 amounted to $0 and $130,000, respectively, and were charged to the consolidated statements of operations and comprehensive loss. The fair value of each option granted is estimated on the grant date using the Black-Scholes option pricing model or the value of the services provided, whichever is more readily determinable. The Black-Scholes option pricing model takes into account, as of the grant date, the exercise price and expected life of the option, the current price of the underlying stock and its expected volatility, expected dividends on the stock and the risk-free interest rate for the term of the option. The Black-Scholes option pricing model was not used to estimate the fair value any option grants in the fiscal years ended July 31, 2015 and 2014. The following is a summary of the common stock options granted, forfeited or expired and exercised under the Plan: Options Weighted Average Exercise Price per Share Outstanding - July 31, 2013 29,701,197 $ 0.09 Granted 8,879,499 $ 0.001 Forfeited or expired (90,000 ) $ 0.53 Exercised (526,306 ) $ 0.001 Outstanding - July 31, 2014 37,964,390 $ 0.06 Forfeited or expired (1,315,000 ) $ 0.69 Exercised (6,416,316 ) $ 0.001 Outstanding - July 31, 2015 30,233,074 $ 0.05 Exercisable - July 31, 2015 30,233,074 $ 0.05 The 30,233,074 outstanding options at July 31, 2015 had a weighted average remaining contractual term of 2.58 years. Options typically vest over a period of two to four years and have a contractual life of five to ten years. There were no non-vested common stock options granted, vested or forfeited under the Plan for the fiscal year ended July 31, 2015. As of July 31, 2015, the Company did not have any unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Plan. The Company did not grant any options during the twelve months ended July 31, 2015. During the twelve months ended July 31, 2014, the Company granted 8,879,499 options to executives, employees and directors in full and final payment of obligations to pay such individuals deferred salary or director fees. The options were issued in lieu of cash payment of deferred compensation amounts due to such individuals. The number of options granted to each individual was equal to the dollar amount of deferred salary or fees due to such individual divided by the closing price of the Company's common stock on October 31, 2013 ($0.03). The stock options had an exercise price equal to $0.001 per share and were made pursuant to the terms of the Company's 2006 Stock Plan. The options were fully vested at the dates of the grants and expire on the fifth anniversary of the respective dates of grant. The grants were valued at the amount of deferred compensation owed to each such individual. The following table summarizes information on stock options outstanding at July 31, 2015: Options Outstanding and Options Exercisable Range of Exercise Price Number Outstanding at July 31, 2015 Weighted Average Exercise Price Weighted Average Remaining Life (Years) Aggregate Intrinsic Value $ 0.001 26,383,074 $ 0.001 2.74 $0.019 - $0.38 3,000,000 $ 0.282 0.65 $ 0.64 850,000 $ 0.64 4.61 30,233,074 $ 0.048 2.58 $ 271,746 For the Year Ended July 31, 2015 2014 Weighted Average Grant Date Fair Value of Options Granted $ n/a $ 0.029 Aggregate Intrinsic Value of Options Exercised $ 129,908 $ 21,052 Cash Received for Exercise of Stock Options $ 6,416 $ 526 The intrinsic value is calculated as the difference between the market value as of July 31, 2015 and 2014 and the exercise price of the shares on the respective dates. The market values as of July 31, 2015 and 2014 were $0.01 and $0.021, respectively, based on the high and low bid information for July 31, 2015 and 2014.

Net Loss per Share

Net Loss per Share	12 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Net Loss per Share	Note 12 - Net Loss per Share Basic loss per share (“EPS”) and Diluted EPS for the years ended July 31, 2015 and 2014 have been computed by dividing the net loss available to common stockholders for each respective period by the weighted average shares outstanding during that period. All outstanding options, warrants, non-vested restricted stock and shares to be issued upon conversion of the outstanding convertible preferred stock, representing approximately 642,204,110 and 336,962,311 incremental shares, have been excluded from the respective 2015 and 2014 computation of diluted EPS as they are anti-dilutive due to the losses generated during the respective years.

Segment Information

Segment Information	12 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 13 - Segment Information The Company follows FASB ASC Topic 815 which establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. This Topic also establishes standards for related disclosures about products and services, geographic areas, and major customers. This Topic uses a management approach for determining segments. The management approach designates the internal organization that is used by management for making operating decisions and assessing performance as the source of the Company’s reportable segments. The Company’s management reporting structure provides for only one segment: the research, development and commercialization of drug delivery systems and technologies for metabolic and immunological diseases. The countries in which the Company had identifiable assets are presented in the following table. Identifiable assets are those that can be directly associated with a geographic area. 2015 2014 Identifiable Assets Canada $ 1,004,337 $ 3,719,760 United States 1,229,753 1,802,697 Total $ 2,234,090 $ 5,522,457

Quarterly Information (Unaudite

Quarterly Information (Unaudited)	12 Months Ended
	Jul. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Information (Unaudited)	Note 14 – Quarterly Information (Unaudited) The following schedule sets forth certain unaudited financial data for the preceding eight quarters ending July 31, 2015. In our opinion, the unaudited information set forth below has been prepared on the same basis as the audited information and includes all adjustments necessary to present fairly the information set forth herein. The operating results for the quarter are not indicative of results for any future period. Q1 Q2 Q3 Q4 Fiscal Year July 31, 2015: Revenues, net $ -0- $ -0- $ -0- $ -0- Operating Loss $ (908,469 ) $ (835,147 ) $ (851,601 ) $ (1,287,857 ) Net Income/(Loss) $ 49,623 $ (511,916 ) $ 1,396,157 ) $ (334,908 ) Net Income/(Loss) available to common stockholders $ 49,623 $ (511,916 ) $ 1,396,157 ) $ (674,491 ) Net Income/(Loss) per share $ 0.0001 $ (0.0006 ) $ (0.0018 ) $ (0.0008 ) Fiscal Year July 31, 2014 Revenues, net $ -0- $ -0- $ -0- $ -0- Operating Loss $ (1,443,051 ) $ (1,010,861 ) $ (1,242,849 ) $ (702,918 ) Net Income/(Loss) $ 530,094 $ (3,186,290 ) $ 270,923 $ 2,383,856 Net Income/(Loss) available to common stockholders $ 530,094 $ (3,594,569 ) $ (1,149,127 ) $ 2,153,856 Net Loss per share $ 0.001 $ (0.010 ) $ (0.002 ) $ 0.003

Subsequent Events

Subsequent Events	12 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 15 - Subsequent Events On September 23, 2015, the Company signed an amendment to a letter agreement which was originally signed in September 2011 and extended in October 2012. The letter agreement agreed to convert an unsecured payable from May 2009 in the amount of approximately $1.1 million to a non-interest bearing balance of approximately $2.25 million included in Accounts Payable & Accruals - General and Administrative (Note 6) At our annual shareholders’ meeting on August 19, 2015, the Company received shareholder approval for an increase in authorized shares of common stock from 1,500,000 to 2,450,000. The Certificate of Amendment to the Certificate of Incorporation was filed on September 15, 2015 to effect such increase. The Company has evaluated subsequent events occurring after the balance sheet date through the date the consolidated financial statements were issued.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and all of its subsidiaries in which a controlling interest is maintained. For those consolidated subsidiaries where the Company ownership is less than 100 percent, the outside stockholders’ interests are shown as minority interests. Effective December 17, 2004, the Company’s ownership in all consolidated subsidiaries is 100 percent. All significant intercompany transactions and balances have been eliminated.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers
Property and Equipment	Property and Equipment Property and equipment are recorded at cost less accumulated depreciation. Depreciation is provided on the straight-line method over the estimated useful lives of the assets, which range from three to thirty years. Gains and losses on depreciable assets retired or sold are recognized in the statement of operations and comprehensive loss in the year of disposal. Repairs and maintenance expenditures are expensed as incurred.
Assets Held for Investment	Assets Held for Investment Property held for investment is recorded at cost less accumulated depreciation. Depreciation is provided on the straight-line method over the estimated useful lives of the assets of thirty years. Gains and losses on depreciable assets retired or sold are recognized in the statement of operations in the year of disposal. Repairs and maintenance expenditures are expensed as incurred.
Patents	Patents Capitalized patent costs represent legal costs incurred to establish patents and a portion of the acquisition price paid attributed to patents upon the acquisition of Antigen in August 2003. When patents reach a mature stage, any associated legal costs are comprised mostly of maintenance fees and costs of national applications and are expensed as incurred. Capitalized patent costs are amortized on a straight line basis over the remaining life of the patent. As patents are abandoned, the net book value of the patent is written off.
Impairment or Disposal of Long-Lived Assets and Intangibles	Impairment or Disposal of Long-Lived Assets and Intangibles The Company assesses the impairment of long-lived assets under FASB ASC Topic 360 whenever events or changes in circumstances indicate that the carrying value may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable and exceeds its fair value. The carrying amount of the long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposal of the asset. In the fiscal year ended July 31, 2014, the Company sold, wrote off or disposed of certain long-lived assets with net book values of $706,590, respectively. None were sold, written off or disposed of in the fiscal year ended July 31, 2015.
Derivative Warrant Liability	Derivative Warrant Liability The Company’s derivative warrant instruments are measured at fair value using the binomial valuation model which takes into account, as of the valuation date, factors including the current exercise price, the expected life of the warrant, the current price of the underlying stock and its expected volatility, expected dividends on the stock and the risk-free interest rate for the term of the warrant. The liability is revalued at each reporting period and changes in fair value are recognized in the consolidated statements of operations and comprehensive loss under the caption “Change in fair value of derivative warrant liability.” See Note 9 – Derivative Liabilities
Revenue Recognition and Deferred Revenue	Revenue Recognition and Deferred Revenue Revenues from the sale of commercial products are recognized at the time title of goods passes to the buyer and the buyer assumes the risks and rewards of ownership. Certain product sales are made to retailers under agreements allowing for a right to return unsold products. In accordance with FASB ASC Topic 605, recognition of revenue on all sales to these retailers is deferred until the right of return expires, the product is sold to a third party or a provision for returns can be reasonably estimated based on historical experience. The cost of inventory under these sales is considered to be consigned inventory until the revenue is recognized. Sales are reported net of estimated returns and allowances, discounts, mail-in rebate redemptions and credit card chargebacks. If actual sales returns, allowances, discounts, mail-in rebate redemptions or credit card chargebacks are greater than estimated by management, additional expense may be incurred. At July 31, 2015, we do not have any deferred revenues on our consolidated balance sheets. Nonrefundable fees received under licensing agreements are recognized as revenue when received if the Company has no continuing obligations to the other party. Grant revenue is recognized as the Company provides the services stipulated in the underlying grant based on the time and expenditures incurred. Amounts received in advance of services provided are recorded as deferred revenue and amortized as revenue when the services are provided. There was no grant revenue in fiscal 2015 or 2014.
Research and Development Costs	Research and Development Costs Expenditures for research and development are expensed as incurred and include, among other costs, those related to the production of experimental drugs, including payroll costs, and amounts incurred for conducting clinical trials. Amounts expected to be received from governments under research and development tax credit arrangements are offset against current research and development expense.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method prescribed by FASB ASC Topic 740. These standards require a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more likely than not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. Deferred income taxes are recorded for temporary differences between financial statement carrying amounts and the tax basis of assets and liabilities. Deferred tax assets and liabilities reflect the tax rates expected to be in effect for the years in which the differences are expected to reverse. A valuation allowance is provided if it is more likely than not that some or all of the deferred tax asset will not be realized. At The Company adopted the FASB guidance concerning accounting for uncertainty in income taxes, which clarifies the accounting and disclosure for uncertainty in tax positions, as of August 1, 2007. The guidance requires that the Company determine whether it is more likely than not that a tax position will not be sustained upon examination by the appropriate taxing authority. If a tax position does not meet the more likely than not recognition criterion, the guidance requires that the tax position be measured at the largest amount of benefit greater than 50 percent not likely of being sustained upon ultimate settlement. Based on the Company’s evaluation, management has concluded that there are no significant uncertain tax positions requiring recognition in the consolidated financial statements.
Stock-Based Compensation	Stock-Based Compensation The Company follows FASB ASC Topic 718 which requires that new, modified and unvested share-based payment transactions with employees, such as grants of stock options and restricted stock, be recognized in the financial statements based on their fair value at the grant date and recognized as compensation expense over their vesting periods. The Company estimates the fair value of stock options as of the date of grant using the Black-Scholes option pricing model and restricted stock based on the quoted market price or the value of the services provided, whichever is more readily determinable. The Company also follows the guidance in FASB ASC Topic 505 for equity based payments to non-employees for equity instruments issued to consultants and other non-employees.
Net Loss per Common Share	Net Loss per Common Share Basic earnings per share is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share gives effect to all dilutive potential common shares outstanding during the period. The computation of diluted earnings per share does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on earnings. Refer to Note 12 for methodology for determining net loss per share.
Comprehensive Income/(Loss)	Comprehensive Income/(Loss) Other comprehensive income/(loss), which includes only foreign currency translation adjustments, is shown in the consolidated statements of operations and comprehensive loss and in the consolidated statements of changes in stockholders’ deficiency.
Concentration of Credit Risk	Concentration of Credit Risk The Company maintains cash balances, at times, with financial institutions in excess of amounts insured by the Canada Deposit Insurance Corporation and the U.S. Federal Deposit Insurance Corporation. Management monitors the soundness of these institutions and has not experienced any collection losses with these financial institutions.
Foreign Currency Translation	Foreign Currency Translation Foreign denominated assets and liabilities of the Company are translated into U.S. dollars at the prevailing exchange rates in effect at the end of the reporting period. Income statement accounts are translated at a weighted average of exchange rates which were in effect during the period. Translation adjustments that arise from translating the foreign subsidiary’s financial statements from local currency to U.S. currency are recorded in the other comprehensive loss component of stockholders’ equity.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined under FASB ASC Topic 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The levels are as follows: • Level 1 - Quoted prices in active markets for identical assets or liabilities • Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data for substantially the full term of the assets or liabilities • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities The Company’s financial instruments consist of cash and cash equivalents, other current assets, long-term debt, accounts payable and accrued expenses, as well as derivative warrant liabilities and derivative additional investment rights. All of these items, except for the derivative warrant liabilities and derivative additional investment rights, were determined to be Level 1 fair value measurements. The carrying amounts of cash and cash equivalents, other current assets and accounts payable and accrued expenses approximate their respective fair values because of the short maturities of these instruments. The Company has determined its derivative warrant liability and its derivative additional investment rights liability to be Level 2 fair value measurements and has used the binomial lattice model valuation method to calculate the fair value of the derivative warrant liability and the derivative additional investment rights liability at July 31, 2015 and 2014. See Note 9 – Derivative Liabilities
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The Company evaluates its estimates, including those related to bad debts, long lived assets (including patents) impairment valuations, debt obligations, derivatives, convertible preferred shares, long-term contracts, and contingencies and litigation, on an ongoing basis. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Critical accounting estimates are reviewed and discussed with the audit committee of the board of directors. The Company considers an accounting estimate to be critical if it requires assumptions to be made that were uncertain at the time the estimate was made, if changes in the estimate or if different estimates that could have been selected would have a material impact on our results of operations or financial condition.
Effects of Recent Accounting Pronouncements	Effects of Recent Accounting Pronouncements Recently Issued Accounting Pronouncements In November 2014, the FASB issued guidance regarding Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity. In August 2014, the FASB issued guidance regarding disclosure of uncertainties about an entity’s ability to continue as a going concern. The guidance will be effective for the Company’s fiscal year ended July 31, 2017 and subsequent interim periods. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

Property and Equipment and As24

Property and Equipment and Assets Held for Investment (Tables)	12 Months Ended
	Jul. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	July 31, 2015 2014 Furniture and Fixtures $ 10,954 $ 13,078 Total Property and Equipment 10,954 13,078 Less: Accumulated Depreciation 8,085 7,785 Property and Equipment, Net $ 2,869 $ 5,293

Patents (Tables)

Patents (Tables)	12 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Costs and accumulated amortization of patents	The costs and accumulated amortization of patents are summarized as follows: July 31, 2015 2014 Patents $ 4,705,715 $ 5,725,908 Less: Accumulated Amortization 3,275,699 3,679,547 Patents, Net $ 1,430,016 $ 2,046,361 Weighted Average Life 6.6 years 7.8 years

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Deferred income taxes	Deferred income taxes consist of the following: July 31, 2015 2014 Net operating loss carryforwards $ 86,370,251 $ 90,515,261 Other temporary differences 338,000 299,010 Intangible assets 108,022 291,002 Total Deferred Tax Assets 86,816,273 91,105,273 Valuation Allowance (86,816,273) (91,105,273 ) Deferred Tax Liabilities Intangible assets — — Other temporary differences — — Total Deferred Tax Liabilities — — Net Deferred Income Taxes $ — $ —
Reconciliation of effective tax rate	2015 2014 Federal statutory rate (34.0 )% (34.0 )% Increase (decrease) in income taxes resulting from: Imputed interest income on intercompany receivables from foreign subsidiaries 4 4,037 Non-deductible or non-taxable items (24 ) (111,569 ) Other temporary differences 170 (84,061 ) Change in valuation allowance (116 ) 191,627 Effective tax rate — % — %

Accounts Payable and Accrued 27

Accounts Payable and Accrued Expenses - Accounts payable and accrued expenses (Tables)	12 Months Ended
	Jul. 31, 2015
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	July 31, 2015 2014 Accounts Payable and Accruals - General and Administrative $ 3,156,951 $ 3,208,069 Accounts Payable and Accruals - Research and Development 3,861,902 3,955,543 Accounts Payable and Accruals - Selling and Marketing 326,250 327,067 Accrued Make-whole Payments on Convertible Preferred Stock (See Note 8) 315,900 337,500 Executive Compensation and Directors’ Fees Payable 357,330 205,943 Total $ 8,018,333 $ 8,034,122

Commitments and Contingent Li28

Commitments and Contingent Liabilities - (Tables)	12 Months Ended
	Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Aggregate minimum commitments under non-cancelable operating leases	Aggregate minimum annual lease commitments of the Company under non-cancelable operating leases as of July 31, 2015 are as follows: Fiscal Year Amount 2016 $ 32,930 2017 34,760 2018 35,126 2019 38,053 2020 and thereafter 6,440 Total Minimum Lease Payments $ 147,309 ]

Series A, B, C, D, E, F & G 929

Series A, B, C, D, E, F & G 9% Convertible Preferred Stock (Tables)	12 Months Ended
	Jul. 31, 2015
Series F Convertible Preferred Stock
Fair value of Accounting allocation of initial proceeds - Series F	Accounting allocation of initial proceeds Net proceeds $ 2,020,000 Derivative warrant liability fair value (2,016,064) Derivative additional investment rights fair value (863,735) Other issuance costs (Finders’ fee) (166,000) Make whole payments liability (560,250) Deemed dividend $ (1,586,050)
Series G Convertible Preferred Stock
Fair value of Accounting allocation of initial proceeds - Series F	Accounting allocation of initial proceeds Net proceeds $ 475,000 Derivative warrant liability fair value (354,535 ) Derivative additional investment rights fair value (285,048 ) Other issuance costs (finders’ fee) (40,000 ) Make whole payments liability (135,000 ) Deemed dividend $ (339,583 )

Derivative Liabilities (Tables)

Derivative Liabilities (Tables)	12 Months Ended
	Jul. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Changes in value of derivative warrant liability	Value No. of Warrants Balance at August 1, 2013 – Derivative warrant liability $ 5,234,293 220,687,537 Exercise of warrants (2,194,496 ) (76,732,020 ) Additional warrants issued in January 2014 financing 942,279 26,666,668 Additional warrants issued in March 2014 financing 2,016,064 69,166,667 Decrease in fair value of derivative warrant liability (3,362,497 ) n/a Balance at July 31, 2014 – Derivative warrant liability 2,635,643 239,788,852 Additional warrants from price protection features of existing warrants 2,111,077 239,788,852 Additional warrants issued in June 2015 financing 354,535 33,333,333 Decrease in fair value of derivative warrant liability (2,737,840 ) n/a Balance at July 31, 2015 – Derivative warrant liability $ 2,363,415 512,911,037
Fair Value Assumptions Used in Accounting for Derivative Warrant Liability	July 31, 2015 July 31, 2014 Current exercise price $ 0.015 $ 0.03 Time to expiration 2.5 years 3.3 years Risk-free interest rate 1.08 % 1.02 % Estimated volatility 82 % 80 % Dividend -0- -0- Stock price at period end date $ 0.01 $ 0.021
Fair Value Assumptions Used in Accounting for Derivative Additional Investment Rights Liability	July 31, 2015 July 31, 2014 Underlying number of units of convertible preferred stock 500 2,075 Underlying number of units of warrants 33,333,333 69,166,667 Current exercise price of warrants $ 0.015 $ 0.03 Current conversion price of preferred stock $ 0.015 $ 0.03 Time to expiration 1.05 years 0.65 years Risk-free interest rate 0.30 % 0.09 % Estimated volatility 79 % 61 % Dividend -0- -0- Stock price at period end date $ 0.01 $ 0.021

Stockholders_ (Deficiency)_Equi

Stockholders’ (Deficiency)/Equity (Tables)	12 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Warrants to purchase common stock outstanding	Number of Shares to be Purchased* Warrant Exercise Price per Share Warrant Expiration Date 129,033,516 $ 0.015 March 31, 2016 54,545,440 $ 0.015 September 30, 2016 11,350,454 $ 0.015 February 1, 2017 9,999,998 $ 0.015 August 10, 2017 16,648,288 $ 0.015 December 12, 2017 68,333,338 $ 0.015 June 17, 2018 51,333,336 $ 0.015 January 15, 2019 138,333,334 $ 0.015 March 27, 2019 33,333,333 $ 0.015 June 25, 2020 512,911,037

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Jul. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Common stock options granted, forfeited or expired and exercised	Options Weighted Average Exercise Price per Share Outstanding - July 31, 2013 29,701,197 $ 0.09 Granted 8,879,499 $ 0.001 Forfeited or expired (90,000 ) $ 0.53 Exercised (526,306 ) $ 0.001 Outstanding - July 31, 2014 37,964,390 $ 0.06 Forfeited or expired (1,315,000 ) $ 0.69 Exercised (6,416,316 ) $ 0.001 Outstanding - July 31, 2015 30,233,074 $ 0.05 Exercisable - July 31, 2015 30,233,074 $ 0.05
Information on stock options outstanding	Options Outstanding and Options Exercisable Range of Exercise Price Number Outstanding at July 31, 2015 Weighted Average Exercise Price Weighted Average Remaining Life (Years) Aggregate Intrinsic Value $ 0.001 26,383,074 $ 0.001 2.74 $0.019 - $0.38 3,000,000 $ 0.282 0.65 $ 0.64 850,000 $ 0.64 4.61 30,233,074 $ 0.048 2.58 $ 271,746
Intrinsic value of stock options	For the Year Ended July 31, 2015 2014 Weighted Average Grant Date Fair Value of Options Granted $ n/a $ 0.029 Aggregate Intrinsic Value of Options Exercised $ 129,908 $ 21,052 Cash Received for Exercise of Stock Options $ 6,416 $ 526

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Segment Information	The countries in which the Company had identifiable assets are presented in the following table. Identifiable assets are those that can be directly associated with a geographic area. 2015 2014 Identifiable Assets Canada $ 1,004,337 $ 3,719,760 United States 1,229,753 1,802,697 Total $ 2,234,090 $ 5,522,457

Quarterly Information (Tables)

Quarterly Information (Tables)	12 Months Ended
	Jul. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly information (unaudited)	Q1 Q2 Q3 Q4 Fiscal Year July 31, 2015: Revenues, net $ -0- $ -0- $ -0- $ -0- Operating Loss $ (908,469 ) $ (835,147 ) $ (851,601 ) $ (1,287,857 ) Net Income/(Loss) $ 49,623 $ (511,916 ) $ 1,396,157 ) $ (334,908 ) Net Income/(Loss) available to common stockholders $ 49,623 $ (511,916 ) $ 1,396,157 ) $ (674,491 ) Net Income/(Loss) per share $ 0.0001 $ (0.0006 ) $ (0.0018 ) $ (0.0008 ) Fiscal Year July 31, 2014 Revenues, net $ -0- $ -0- $ -0- $ -0- Operating Loss $ (1,443,051 ) $ (1,010,861 ) $ (1,242,849 ) $ (702,918 ) Net Income/(Loss) $ 530,094 $ (3,186,290 ) $ 270,923 $ 2,383,856 Net Income/(Loss) available to common stockholders $ 530,094 $ (3,594,569 ) $ (1,149,127 ) $ 2,153,856 Net Loss per share $ 0.001 $ (0.010 ) $ (0.002 ) $ 0.003

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit, approximate estimate	$ (372,481,263)	$ (369,948,322)
Working capital deficiency		(7,200,000)

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013	Dec. 17, 2004
Accounting Policies [Abstract]
Minority interest in consolidated subsidiaries, less than:				100.00%
Ownership in all consolidated subsidiaries				100.00%
Write down of certain patents	$ 320,160		$ 440,780
Write down or disposal of certain long-lived assets	$ 0	$ 706,590
Tax benefit sustained upon settlement, minimum	50.00%

Long-lived Assets - Property an

Long-lived Assets - Property and Equipment (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Property, Plant and Equipment, Gross	$ 10,954	$ 13,078
Less: Accumulated Depreciation	8,085	7,785
Property and Equipment, Net	2,869	5,293
Furniture and Fixtures
Property, Plant and Equipment, Gross	$ 10,954	$ 13,078

Property and Equipment and As38

Property and Equipment and Assets Held for Investment (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense		$ 1,726	$ 10,482
Depreciation expense on assets held for investment		0	30,764
Gross proceeds from sale of real estate	$ 883,780	0	7,847
Property, net book value	694,911	0	640,772
Gain on sale of real estate	188,869
Partial discharge of mortgage	606,806
Legal fees, interest, penalties from sale of real estate, approximation	73,628
Net proceeds from sale of real estate	203,346	188,869	1,081,807
Principal of mortgage discharged completely upon sale	$ 617,665
Income from properties held for investment		0	4,738
Rental expenses		$ 0	$ 3,109
Properties held for investment, interest rate	9.75%

Patents - Costs and accumulated

Patents - Costs and accumulated amortization of patents (Details) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Accounting Policies [Abstract]
Patents	$ 4,705,715	$ 5,725,908
Less: Accumulated Amortization	3,275,699	3,679,547
Patents, Net	$ 1,430,016	$ 2,046,361
Weighted Average Life	6 years 7 months 6 days	7 years 9 months 18 days

Patents (Details Narrative)

Patents (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2016
Accounting Policies [Abstract]
Amortization expense, patents	$ 378,954	$ 357,965
Amortization expense, patents, next year								$ 265,000
Amortization expense, patents, year two							$ 265,000
Amortization expense, patents, year three						$ 265,000
Amortization expense, patents, year four					$ 265,000
Amortization expense, patents, year five				$ 265,000
Write-off of abandoned patents	$ 320,160		$ 440,780

Income Taxes - Deferred income

Income Taxes - Deferred income taxes (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 86,370,251	$ 90,515,261
Other temporary differences	338,000	299,010
Intangible assets	108,022	291,002
Total Deferred Tax Assets	86,816,273	91,105,273
Valuation Allowance	$ (86,816,273)	$ (91,105,273)
Deferred Tax Liabilities
Intangible assets
Other temporary differences
Total Deferred Tax Liabilities
Net Deferred Income Taxes

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of effective tax rate (Details)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Income Tax Disclosure [Abstract]
Federal statutory rate	(34.00%)	(34.00%)
Increase (decrease) in income taxes resulting from:
Imputed interest income on intercompany receivables from foreign subsidiaries	400.00%	403700.00%
Nondeductible or non-taxable items	(2400.00%)	(11156900.00%)
Other temporary differences	17000.00%	(8406100.00%)
Change in valuation allowance	(11600.00%)	19162700.00%
Effective tax rate

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Pretax losses arising from domestic operations	$ (677,616)	$ 1,274,619
Pretax losses arising from foreign operations	1,515,741	$ 1,276,036
Generex Biotechnology Corporation
NOL carryforwards, expiring through 2033	200,000,000
Generex Pharmaceuticals, Inc
NOL carryforwards, expiring through 2033	32,000,000
Antigen Express, Inc
NOL carryforwards, expiring through 2033	$ 29,000,000

Accounts Payable and Accrued 44

Accounts Payable and Accrued Expenses (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Payables and Accruals [Abstract]
Accounts Payable & Accruals -General and Administrative	$ 3,156,951	$ 3,208,069
Accounts Payable & Accruals - Research and Development	3,861,902	3,955,543
Accounts Payable & Accruals - Selling and Marketing	326,250	327,067
Accrued Make Whole Payments on Convertible Preferred Stock (see Note 9)	315,900	337,500
Executive Compensation and Directors' Fees Payable	357,330	205,943
Total	$ 8,018,833	$ 8,034,122

Accounts Payable and Accrued 45

Accounts Payable and Accrued Expenses (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Payables and Accruals [Abstract]
Gain on extinguishment of debt	$ 327,839
Deferred revenue		$ 223,662

Commitments and Contingent Li46

Commitments and Contingent Liabilities - Aggregate minimum commitments under non-cancelable operating leases (Details)	Jul. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,016	$ 32,930
2,017	34,760
2,018	35,126
2,019	38,053
2020 and thereafter	6,440
Total Minimum Lease Payments	$ 147,309

Commitments and Contingent Li47

Commitments and Contingent Liabilities (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Nov. 16, 2013	Jul. 31, 2013	Jul. 31, 2012	Jun. 30, 2014	May. 20, 2012	Jul. 20, 2002
Lease Expense	$ 59,000	$ 162,000
Minimum units purchased, each year	10,000,000
Monthly gross rent, including taxes and expenses						$ 5,500
Shares of CBI owned by former business associate								50.00%
Shares of CBI owned by Company								50.00%
President
Annual salary		475,000
Antigen Employees
Annual salary		260,480
Severance		$ 130,240
Termination Of Employee
Value of damages sought					$ 7,000,000
Counterclaim proceeding							$ 2,300,000
Lawsuit filing date					20-May-11
Name of Plaintiff					Ms. Perri
Breach of contract and detinue
Value of damages sought					$ 550,000
Counterclaim proceeding					$ 200,000
Lawsuit filing date					1-Jun-11
Name of Plaintiff					Golden Bull Estates
Punitive Damages
Value of damages sought					$ 50,000
Damages for Unpaid Invoices
Value of damages sought				$ 429,000
Lawsuit filing date				31-Dec-11
Name of Plaintiff				Vendor
Settlement of litigation			$ 125,000
Interest per annum, failure to pay settlement			3.00%
Fixed cost per annum, failure to pay settlement			$ 25,000

Fair value of Accounting alloca

Fair value of Accounting allocation of initial proceeds - Series A, B, C, D & E 9% Convertible Preferred Stock (Details) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Net proceeds	$ 475,000	$ 2,655,000
Deemed dividend	(339,583)	$ (2,058,329)
Series F Convertible Preferred Stock
Net proceeds	69,166,667
Derivative warrant liability fair value	(2,016,064)
Other issuance costs (Finders' Fee)	(166,000)
Derivative additional investment rights fair value	(863,735)
Make whole payments liability	(560,250)
Deemed dividend	(1,586,050)
Series G Convertible Preferred Stock
Net proceeds	475,000
Derivative warrant liability fair value	(354,535)
Other issuance costs (Finders' Fee)	(40,000)
Derivative additional investment rights fair value	(285,048)
Make whole payments liability	(135,000)
Deemed dividend	$ (339,583)

Series A, B, C, D, E, F & G 949

Series A, B, C, D, E, F & G 9% Convertible Preferred Stock (Details Narrative) - USD ($)	Jan. 19, 2015	Dec. 10, 2013	Jul. 31, 2014	Jun. 24, 2015	Jun. 17, 2018	Jul. 31, 2015	Jul. 31, 2014	Jan. 14, 2015	Jun. 30, 2014	Mar. 28, 2014
Net proceeds from financing						$ 475,000	$ 2,655,000
Preferred Stock Dividend						$ (339,583)	$ (2,058,329)
Series E Convertible Preferred Stock
Convertible preferred stock, shares authorized			2,450			2,450	2,450
Convertible preferred stock, cumulative percentage of interest			9.00%			9.00%	9.00%
Convertible preferred stock, par value (in dollars per share)			$ 1,000			$ 1,000	$ 1,000
Convertible preferred stock, shares issued			25			0	25
Common stock issued as "make-whole payments" on conversions of preferred stock								19,035,193
Warrants issued to investors	26,666,668
Preferred stock issued to investors								800
Preferred Stock Dividend	$ 472,279
Series F Convertible Preferred Stock
Convertible preferred stock, shares authorized			4,150			4,150	4,150
Convertible preferred stock, cumulative percentage of interest			9.00%			9.00%	9.00%
Convertible preferred stock, par value (in dollars per share)			$ 1,000			$ 1,000	$ 1,000
Convertible preferred stock, shares issued			1,225			670	1,225
Common shares attributable to conversion of preferred stock						1,405
Common stock issued upon conversion of preferred stock						52,441,666
Net proceeds from financing						$ 69,166,667
Preferred stock, dividend rate percentage						3.00%
Increased preferred stock dividend rate percentage						.015
Aggregate subscription amount, maximum						$ 69,166,667
"Make-whole payments", value						$ 16,394,671
Preferred stock issued to investors						69,166,667
Aggregate preferred stock sold						2,075
Common shares outstanding						27,941,667
Common shares outstanding, increased shares						55,883,333
Initial cash proceeds from preferred stock						$ 2,020,000
Net issuance costs						55,000
Remaining balance in Accounts Payable and Accrued Expenses						180,900
Preferred Stock Dividend						$ (1,586,050)
Series G Convertible Preferred Stock
Convertible preferred stock, shares authorized			1,000			1,000	1,000
Convertible preferred stock, cumulative percentage of interest			9.00%			9.00%	9.00%
Convertible preferred stock, par value (in dollars per share)			$ 1,000			$ 1,000	$ 1,000
Convertible preferred stock, shares issued			0			500	0
Net proceeds from financing						$ 475,000
Conversion of preferred stock						270
Conversion of stock, amount converted						1,000
Aggregate subscription amount, maximum						$ 33,333,333
Preferred stock issued to investors						33,333,333
Aggregate preferred stock sold						500
Incurred late fee						18.00%
Initial cash proceeds from preferred stock						$ 475,000
Net issuance costs						25,000
Remaining balance in Accounts Payable and Accrued Expenses						135,000
Preferred Stock Dividend						$ (339,583)
Series A Convertible Preferred Stock
Convertible preferred stock, shares authorized			5,500				5,500
Convertible preferred stock, cumulative percentage of interest			9.00%				9.00%
Convertible preferred stock, par value (in dollars per share)			$ 1,000				$ 1,000
Convertible preferred stock, shares issued			2,575				2,575
Common shares attributable to conversion of preferred stock							17,166,666
Common stock issued upon conversion of preferred stock			17,166,666				17,166,666
Common stock issued as "make-whole payments" on conversions of preferred stock			6,129,666				6,129,666
Series B Convertible Preferred Stock
Convertible preferred stock, shares authorized		792	2,000				2,000
Convertible preferred stock, cumulative percentage of interest			9.00%				9.00%
Convertible preferred stock, par value (in dollars per share)			$ 1,000				$ 1,000
Convertible preferred stock, shares issued			2,000				2,000
Common shares attributable to conversion of preferred stock		9,897,500	26,393,333				13,333,333
Common stock issued upon conversion of preferred stock			38,520,832				38,520,832
Common stock issued as "make-whole payments" on conversions of preferred stock			14,819,679				14,819,679
Convertible preferred stock conversion price		$ .08	$ .03
Net proceeds from financing							$ 1,975,000
Series C Convertible Preferred Stock
Convertible preferred stock, shares authorized		650	750				750
Convertible preferred stock, cumulative percentage of interest			9.00%				9.00%
Convertible preferred stock, par value (in dollars per share)			$ 1,000				$ 1,000
Convertible preferred stock, shares issued			750				750
Common shares attributable to conversion of preferred stock		8,125,000	21,666,666				9,375,000
Common stock issued upon conversion of preferred stock			22,916,665				22,916,665
Common stock issued as "make-whole payments" on conversions of preferred stock			6,664,863				6,664,863
Convertible preferred stock conversion price		$ .03					$ .08
Net proceeds from financing			$ 725,000
Series D Convertible Preferred Stock
Convertible preferred stock, shares authorized			750				750
Convertible preferred stock, cumulative percentage of interest			9.00%				9.00%
Convertible preferred stock, par value (in dollars per share)			$ 1,000				$ 1,000
Convertible preferred stock, shares issued			750				750
Common shares attributable to conversion of preferred stock							24,999,999
Common stock issued upon conversion of preferred stock			24,999,999				24,999,999
Common stock issued as "make-whole payments" on conversions of preferred stock			7,825,191				7,825,191
Net proceeds from financing							$ 725,000
Preferred stock, face value										$ 750,000
Series E Convertible Preferred Stock
Convertible preferred stock, shares authorized			2,450				2,450
Convertible preferred stock, cumulative percentage of interest			9.00%				9.00%
Convertible preferred stock, par value (in dollars per share)			$ 1,000				$ 1,000
Convertible preferred stock, shares issued			1,225				1,225
Common shares attributable to conversion of preferred stock				68,333,333			40,833,335
Common stock issued upon conversion of preferred stock			9,833,334				9,833,334
Common stock issued as "make-whole payments" on conversions of preferred stock			2,654,999				2,654,999
Net proceeds from financing							$ 1,165,000
Common stock, effective conversion price				$ .03
Preferred stock, dividend rate percentage				1.50%	3.00%
Increased preferred stock dividend rate percentage					.18
Conversion of preferred stock				$ 833,333			$ 295
Conversion of stock, amount converted				$ 1,666,666
Warrants issued to investors							40,833,335
"Make-whole payments", value							$ 330,750
Accounts payable and accrued expenses			$ 251,100				$ 251,100
Additional Units
Convertible preferred stock, par value (in dollars per share)									$ 1,000
Aggregate subscription amount, maximum									$ 2,075,000
Preferred stock issued to investors									138,333,334

Changes in value of derivative

Changes in value of derivative warrant liability - Derivative Liabilities (Details) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Balance - Derivative warrant liability Value	$ 2,363,415
No. of Warrants - Derivative warrant liability	512,911,037
Exercise of Warrants		$ (2,194,496)
Warrants Exercised		(76,732,020)
Decrease in fair value of derivative warrant liability	$ (2,737,840)	$ (3,362,497)
August 2,013
Balance - Derivative warrant liability Value		$ 5,234,293
No. of Warrants - Derivative warrant liability		220,687,537
January 2,014
Additional warrants issued		$ 942,279
Warrants Issued		26,666,668
March 2,014
Additional warrants issued		$ 2,016,064
Warrants Issued		69,166,667
July 2,014
Balance - Derivative warrant liability Value	$ 2,635,643
No. of Warrants - Derivative warrant liability	239,788,852
June 2,015
Additional warrants issued	$ 354,535
Warrants Issued	33,333,333
Price Protection
Additional warrants issued		$ 2,111,077
Warrants Issued		239,788,852

Fair Value Assumptions Used in

Fair Value Assumptions Used in Accounting for Derivative Warrant Liability - Derivative Liabilities (Details 1) - $ / shares	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Current exercise price	$ 0.015	$ 0.03
Time to expiration	2 years 6 months	2 years 4 months
Risk-free interest rate	1.08%	1.02%
Estimated volatility	82.00%	80.00%
Dividend	0.00%	0.00%
Stock price at period end date	$ 0.01	$ 0.21

Fair Value Assumptions Used i52

Fair Value Assumptions Used in Accounting for Derivative Additional Investment Rights Liability - Derivative Liabilities (Details 2) - $ / shares	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Current exercise price of warrants	$ 0.015	$ 0.03
Time to expiration	2 years 6 months	2 years 4 months
Risk-free interest rate	1.08%	1.02%
Estimated volatility	82.00%	80.00%
Dividend	0.00%	0.00%
Stock price	$ 0.01	$ 0.21
Additional Investment Rights
Underlying number of units of convertible preferred stock	500	2,075
Underlying number of warrants	33,333,333	69,166,667
Current exercise price of warrants	$ 0.015	$ .03
Current conversion price of preferred stock	$ 0.015	$ .03
Time to expiration	1 year 18 days	7 months 24 days
Risk-free interest rate	30.00%	0.09%
Estimated volatility	79.00%	61.00%
Dividend	0.00%	0.00%
Stock price	$ 0.01	$ 0.021

Derivative Liabilities (Details

Derivative Liabilities (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Recognition of gain (loss) due to derivative liability	$ 1,488,237	$ 4,525,739
Additional investment rights		237,566
Additional paid in capital		237,566
Issuing Additional Warrants
Derivative warrants weighted average remaining life	2 years 6 months
Recognition of gain (loss) due to derivative liability	$ 626,763	3,362,497
Fair Value of Warrants
Fair value of derivative liability	2,363,415	2,635,643
Recognition of Gain
Additional investment rights	$ 861,474	$ 1,163,242

Warrants to purchase common sto

Warrants to purchase common stock outstanding - Stockholders' (Deficiency)/Equity (Details)	12 Months Ended
	Jul. 31, 2015$ / sharesshares
Number of Shares To be Purchased	512,911,037
Warrant Expiration Date 31 March 2016
Number of Shares To be Purchased	129,033,516
Warrant Exercise Price per Share | $ / shares	$ .015
Warrant Expiration Date	Mar. 31, 2016
Warrant Expiration Date 30 September 2016
Number of Shares To be Purchased	54,545,440
Warrant Exercise Price per Share | $ / shares	$ 0.015
Warrant Expiration Date	Sep. 30, 2016
Warrant Expiration Date 1 February 2017
Number of Shares To be Purchased	11,350,454
Warrant Exercise Price per Share | $ / shares	$ 0.015
Warrant Expiration Date	Feb. 1, 2017
Warrant Expiration Date 10 August 2017
Number of Shares To be Purchased	9,999,998
Warrant Exercise Price per Share | $ / shares	$ 0.015
Warrant Expiration Date	Aug. 10, 2017
Warrant Expiration Date 12 December 2017
Number of Shares To be Purchased	16,648,288
Warrant Expiration Date 12 December 2017
Warrant Exercise Price per Share | $ / shares	$ 0.015
Warrant Expiration Date	Dec. 12, 2017
Warrant Expiration Date 17 June 2018
Number of Shares To be Purchased	68,333,338
Warrant Exercise Price per Share | $ / shares	$ 0.015
Warrant Expiration Date	Jun. 17, 2018
Warrant Expiration Date 15 January 2019
Number of Shares To be Purchased	51,333,336
Warrant Exercise Price per Share | $ / shares	$ 0.015
Warrant Expiration Date	Jan. 15, 2019
Warrant Expiration Date 27 March 2019
Number of Shares To be Purchased	138,333,334
Warrant Exercise Price per Share | $ / shares	$ 0.015
Warrant Expiration Date	Mar. 27, 2019
Warrant Expiration Date 25 June 2019
Number of Shares To be Purchased	33,333,333
Warrant Exercise Price per Share | $ / shares	$ 0.015

Stockholders' (Deficiency)_Equi

Stockholders' (Deficiency)/Equity (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jun. 24, 2015	Jul. 31, 2014
Outstanding warrants, weighted average exercise price	$ 0.015
Outstanding warrants, weighted average remaining life (in years)	2 years 6 months
Warrants, Value	$ 2,363,415
Number of warrants	512,911,037
Number of warrants, exercise price	$ 0.015		$ 0.03
Number of warrants expired	17,542,402
Number of warrants expired, exercise price	$ .84
Warrants Issued in financing		33,333,333
Series E Convertible Preferred Stock
Convertible preferred stock, shares issued	0		25
Convertible preferred stock, shares outstanding	0		25
Convertible preferred stock, cumulative percentage of interest	9.00%		9.00%
Series F Convertible Preferred Stock
Convertible preferred stock, shares issued	670		1,225
Convertible preferred stock, shares outstanding	670		1,225
Convertible preferred stock, cumulative percentage of interest	9.00%		9.00%
Price Protection Provision, Warrants
Number of warrants	512,911,037
Number of warrants, exercise price	$ 0.015
Estimated value of warrants	$ 2,635,643
Minimum
Number of warrants, exercise price	$ .015
Number of warrants expired	239,788,852
Maximum
Number of warrants, exercise price	$ 0.03
Number of warrants expired	479,577,704

Common stock options granted, f

Common stock options granted, forfeited or expired and exercised - Stock-Based Compensation (Details 1) - $ / shares	12 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options Outstanding	29,701,197
Options Granted		8,879,499
Options Forfeited or expired	(1,315,000)	(90,000)
Options Exercised	(6,416,316)	(526,306)
Options Outstanding	37,964,390	29,701,197
Weighted Average Exercise Price per Share	$ 0.09	$ .46
Weighted Average Exercise Price per Share, Granted	.001	0.001
Weighted Average Exercise Price per Share, Forfeited or expired	.75	0.53
Weighted Average Exercise Price per Share, Exercised	.001	0.001
Weighted Average Exercise Price per Share, Outstanding	$ 0.06	$ 0.09

Information on stock options ou

Information on stock options outstanding - Stock-Based Compensation (Details 3) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2012
Options Outstanding		37,964,390	29,701,197
Weighted Average Exercise Price per Share		$ 0.06	$ 0.09	$ .46
Options Weighted Average Remaining Life (Years)	7 months 9 days
Options Aggregate Intrinsic Value	$ 271,746
Exercise Price 0.001
Options Range of Exercise Price	$ .001
Options Range of Exercise Price	$ .001
Options Outstanding	26,383,074
Weighted Average Exercise Price per Share	$ .001
Options Weighted Average Remaining Life (Years)	2 years 8 months 27 days
Exercise Price 0.19 to 0.38
Options Range of Exercise Price	$ .19
Options Range of Exercise Price	$ .38
Options Outstanding	3,000,000
Weighted Average Exercise Price per Share	$ 0.282
Options Weighted Average Remaining Life (Years)	7 months 24 days
Exercise Price 0.64
Options Range of Exercise Price	$ 0.64
Options Range of Exercise Price	$ 0.64
Options Outstanding	850,000
Weighted Average Exercise Price per Share	$ 0.64
Options Weighted Average Remaining Life (Years)	2 months 26 days

Intrinsic value of stock option

Intrinsic value of stock options - Stock-Based Compensation (Details 4) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted Average Grant Date Fair Value of Options Granted		$ 0.029
Aggregate Intrinsic Value of Options Exercised	$ 129,908	$ 21,052
Cash Received for Exercise of Stock Options	$ 6,416	$ 526

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Share-based employee compensation		$ 262,871
Outstanding options		37,964,390	29,701,197
Closing price of common stock	$ 0.01	$ 0.21
Market value of options	$ .021	$ 0.021	$ 0.03
Stock Options
Share-based employee compensation		$ 262,871
Common Stock
Share-based employee compensation	$ 0	$ 130,000
Stock Option Plan 2001
Common stock reserved for future issuance	12,000,000
Common stock reserved for future awards	2,338,916
Stock Option Plan 2006
Common stock reserved for future issuance	135,000,000
Common stock reserved for future awards	81,630,576
Closing price of common stock	$ .001	$ .001
Stock Options
Share-based employee compensation	$ 0
Outstanding options	37,964,390	29,701,197
Outstanding options, weighted average remaining contractual term	2 years 6 months 15 days
Share based compensation for deferred salary and director fees		8,879,499

Net Loss per Share (Details Nar

Net Loss per Share (Details Narrative) - shares	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Earnings Per Share [Abstract]
Antidilutive securities excluded from earnings per share, incremental shares	642,204,110	336,962,311

Segment Information (Details)

Segment Information (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Identifiable Assets	$ 2,234,090	$ 5,522,457
Canada
Identifiable Assets	1,004,337	3,719,760
United States
Identifiable Assets	1,229,753	1,802,697
Identifiable Assets
Identifiable Assets	$ 2,234,090	$ 5,522,457

Quarterly Information - Quarter

Quarterly Information - Quarterly information (unaudited) (Details) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Operating Loss	$ (3,883,074)	$ (4,399,679)
Net Income/(Loss)	(2,193,358)	(1,417)
Net Loss available to common stockholders	$ (2,532,941)	$ (2,059,746)
Net Loss per share	$ (0.003)	$ (0.003)
Q1
Revenues, net	$ 0	$ 0
Operating Loss	(908,469)	(1,443,051)
Net Income/(Loss)	49,623	53,009
Net Loss available to common stockholders	$ 49,623	$ 530,094
Net Loss per share	$ .0001	$ .001
Q2
Revenues, net	$ 0	$ 0
Operating Loss	(835,147)	(1,010,861)
Net Income/(Loss)	(511,916)	(3,186,290)
Net Loss available to common stockholders	$ (511,916)	$ (3,594,569)
Net Loss per share	$ (.0006)	$ (.010)
Q3
Revenues, net	$ 0	$ 0
Operating Loss	(851,601)	(1,242,849)
Net Income/(Loss)	(1,396,157)	270,923
Net Loss available to common stockholders	$ (1,396,157)	$ (1,149,127)
Net Loss per share	$ (.0018)	$ (.002)
Q4
Revenues, net	$ 0	$ 0
Operating Loss	(1,287,857)	(702,918)
Net Income/(Loss)	(334,908)	2,383,856
Net Loss available to common stockholders	$ (674,491)	$ 2,153,856
Net Loss per share	$ (.0008)	$ .003

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Sep. 25, 2015	May. 31, 2009	Sep. 23, 2015	Sep. 15, 2015	Aug. 19, 2015	Jul. 31, 2015	Jul. 31, 2014
Subsequent Events [Abstract]
Unsecured payable note		$ 1,100,000
Non-interest bearing balace note	$ 2,250,000
Total notes payable		$ 2,540,000	$ 3,150,000
Other expenses	$ 610,000
Common stock authorized				2,450,000	1,500,000	1,500,000,000	1,500,000,000