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Income Taxes (Tables)
12 Months Ended
Jul. 31, 2015
Income Taxes [Abstract]  
Deferred Tax Assets And Liabilities

 

 

 

 

 

 

 

 

 

 

July 31, 

 

 

 

2015

 

2014

 

Net operating loss carry-forward

    

$

21,330,000

    

$

25,740,000

 

Stock options and warrants

 

 

2,570,000

 

 

1,720,000

 

Other temporary differences

 

 

70,000

 

 

310,000

 

Total deferred tax assets

 

 

23,970,000

 

 

27,770,000

 

Valuation allowance for deferred tax assets

 

 

(23,970,000)

 

 

(27,770,000)

 

Net deferred tax assets

 

$

 

$

 

 

Reconciliation Of Effective Tax Rate, Percentage

 

 

 

 

 

 

 

    

2015

    

2014

 

Federal tax benefit at the expected statutory rate

 

34.0

%  

34.0

%  

State income tax, net of federal tax benefit

 

3.7

 

3.4

 

Expired net operating loss carryforwards

 

(4.5)

 

(0.8)

 

Other

 

(2.2)

 

(8.4)

 

Valuation allowance

 

(31.0)

 

(28.2)

 

Income tax benefit - effective rate

 

0.0

%  

0.0

%