Income Taxes (Tables)

12 Months Ended

Jul. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets

Significant components of our deferred tax assets are as follows:

	July 31,
		2017			2016
Net operating loss carry-forward	$	30,970,000		$	30,160,000
Stock options and warrants		3,250,000			3,250,000
Other temporary differences		(140,000	)		(140,000	)
Total deferred tax assets		34,080,000			33,270,000
Valuation allowance for deferred tax assets		(34,080,000	)		(33,270,000	)
Net deferred tax assets	$	—		$	—

Schedule of Reconciliation Effective Tax Rate, Percentage

A reconciliation of income taxes computed using the statutory income tax rate, compared to the effective tax rate, is as follows:

	2017		2016
Federal tax benefit at the expected statutory rate	34.0	%	34.0	%
State income tax, net of federal tax benefit	0.8		1.9
Expired net operating loss carryforwards	(6.6	)	(1.5	)
Other	(7.7	)	—
Change in state tax rates	(4.2	)	—
Permanent items	(3.3	)	(17.9	)
Valuation allowance	(13.0	)	(16.5	)
Income tax benefit - effective rate	0.0	%	0.0	%