Derivative Liability (Tables)

12 Months Ended

Jul. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Liability

The derivative liabilities were valued at the closing dates of the October and November Private Placements and at July 31, 2016 using the following assumptions:

	July 31, 2016			On issuance
Closing price per share of common stock	$	1.01		$	0.87 -0.75
Exercise price per share	$	0.45		$	0.45
Volatility		90.00	%		90.00	%
Risk-free interest rate		1.0	%		1.7 – 0.1	%
Dividend yield		0.0			0.0
Expected term of underlying securities (years)		4.3			5.0 – 0.5