Stockholders' Equity (Tables)

6 Months Ended

Jan. 31, 2015

Stockholders' Equity [Abstract]

Schedule of Assumptions Used in the Valuation

Market value of stock on measurement date	$	3.75 to 5.80
Risk-free interest rate		1.28 to 1.73	%
Dividend yield		0	%
Volatility factor		204% to 413	%
Term		5.0 years

Schedule of Options and Warrants Outstanding

	Number of Shares		Weighted- average Exercise Price		Weighted- average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at July 31, 2014		3,047,500		9.00		8.56	$	12,000
Granted		105,000		10.00		5.00
Forfeited/expired/cancelled		(85,000)		11.21		-
Outstanding at January 31, 2015		3, 067,500		9.00		8.27	$	-
Exercisable at January 31, 2015		1,570,416		10.00		8.19	$	-

	Number of Shares		Weighted- average Exercise Price		Weighted- average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at July 31, 2014		1,254,752		20.00		4.33	$	-
Granted		38,800		8.00		-
Exercised		-		-		-
Outstanding at January 31, 2015		1,293,552		20.00		4.33	$	-
Exercisable at January 31, 2015		568,552		20.00		4.08	$	-