LOSS PER COMMON SHARE (Tables)

3 Months Ended

Oct. 31, 2013

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Three Months Ended October 31,
Numerator		2013			2012
Net Loss for the Period	$	(5,879,934	)	$	(7,297,623	)
Denominator
Basic Weighted Average Number of Shares		86,429,172			85,172,927
Dilutive Stock Options and Warrants		-			-
Diluted Weighted Average Number of Shares		86,429,172			85,172,927
Net Loss per Share, Basic and Diluted	$	(0.07	)	$	(0.09	)