Stockholders' Equity (Tables)

9 Months Ended

Apr. 30, 2015

Stockholders' Equity [Abstract]

Schedule of Assumptions Used in the Valuation

Market value of stock on measurement date	$	3.75 to 6.10
Risk-free interest rate		1.48 to 1.73	%
Dividend yield		0	%
Volatility factor		195% to 407	%
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
Granted		185,000			11.41
Forfeited/expired/cancelled		(85,000	)		11.21
Outstanding at April 30, 2015		3,147,500			9.42		7.84	$	285,000
Exercisable at April 30, 2015		1,654,583			10.40		7.90	$	285,000

	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	$	-
Issued		83,800		9.07		-		-
Exercised		-				-		-
Outstanding at April 30, 2015		1,338,552		19.53		3.80	$	-
Exercisable at April 30, 2015		613,552		24.88		5.14	$	-

Schedule of Non-vested Option Activity

Non-vested options	Number of Options			Weighted Average Grant Date Fair Value
				$
Non-vested at July 31, 2014		17,500			3.11
Granted		185,000			5.06
Vested		(160,833	)		5.17
Non-vested at April 30, 2015		41,667			3.85