Stockholders' Equity (Tables)

12 Months Ended

Jul. 31, 2015

Stockholders' Equity [Abstract]

Schedule of Assumptions Used in the Valuation

Market value of stock on measurement date	$	3.75 to 7.30		$	2.40 to 5.40
Risk-free interest rate		1.00 to 1.73	%		2.19-2.99	%
Dividend yield		0	%		0	%
Volatility factor		147 to 407	%		418-459	%
Term		3 to 5 years			7-10 years

Schedule of Nonvested Share Activity

Non-vested options	Number of Options			Weighted Average Grant Date Fair Value
Non-vested at July 31, 2014		17,500		$	3.11
Granted		195,000			5.09
Vested		(175,000	)		5.06
Non-vested at July 31, 2015		37,500		$	3.85

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		195,000			11.33
Forfeited/expired/cancelled		(85,000	)		11.21
Outstanding at July 31, 2015		3,157,500			9.42		7.58	$	1,569,000
Exercisable at July 31,2015		2,743,750			8.88		8.11	$	1,569,000

	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 July 31, 2015		1,338,552	$	19.53		3.55	$	-
Exercisable at July 31, 2015		613,552	$	24.88		4.89	$	-