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LOSS PER SHARE (Tables)
 6 Months Ended
Jan. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table reconciles the weighted average number of shares used in the calculation of the basic and diluted loss per share:
 
 
 
Three Months Ended January 31,
 
Six Months Ended Janaury 31,
 
 
 
2016
 
2015
 
2016
 
2015
 
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss for the Period
 
$
(4,801,505)
 
$
(5,875,540)
 
$
(9,873,539)
 
$
(12,601,767)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Weighted Average Number of Shares
 
 
99,644,030
 
 
91,746,410
 
 
99,105,173
 
 
91,513,626
 
Dilutive Stock Options and Warrants
 
 
-
 
 
-
 
 
-
 
 
-
 
Diluted Weighted Average Number of Shares
 
 
99,644,030
 
 
91,746,410
 
 
99,105,173
 
 
91,513,626
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss per Share, Basic and Diluted
 
$
(0.05)
 
$
(0.06)
 
$
(0.10)
 
$
(0.14)