LOSS PER SHARE (Tables)

9 Months Ended

Apr. 30, 2014

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

		Three Months Ended April 30,						Nine Months Ended April 30,
		2014			2013			2014			2013
Numerator
Net Loss for the Period	$	(6,697,107	)	$	(3,900,045	)	$	(19,755,935	)	$	(16,785,878	)
Denominator
Basic Weighted Average Number of Shares		89,924,411			85,496,171			88,666,564			85,318,871
Dilutive Stock Options and Warrants		-			-			-			-
Diluted Weighted Average Number of Shares		89,924,411			85,496,171			88,666,564			85,318,871
Net Loss per Share, Basic and Diluted	$	(0.07	)	$	(0.05	)	$	(0.22	)	$	(0.20	)