Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jan. 31, 2016

Accounting Policies [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the components of basic and diluted net income (loss) per common share is presented in the tables below:

	For the Three Months Ended January 31,
	2016			2015
	Income (Loss)	Weighted Average Common	Per Share	Income (Loss)	Weighted Average Common	Per Share
	$	Shares Outstanding	$	$	Shares Outstanding	$
Basic:
Income (loss) attributable to common stock	3,970,040	1,880,279	2.11	(2,775,614)	1,806,303	(1.54)
Effective of Dilutive Securities:
Stock options and warrants	–	724,991	–	–	–	–
Diluted:
Income (loss) attributable to common stock, including assumed conversions	3,970,040	2,605,270	1.52	(2,775,614)	1,806,303	(1.54)

	For the Six Months Ended January 31,
	2016						2015
	Income (Loss)		Weighted Average Common		Per Share		Income (Loss)		Weighted Average Common		Per Share
	$		Shares Outstanding		$		$		Shares Outstanding		$
Basic:
Income (loss) attributable to common stock		(7,139,977)		1,865,230		(3.83)		(3,550,951)		1,797,032		(1.98)
Effective of Dilutive Securities:
Stock options and warrants		–		–		–		–		–		–
Diluted:
Income (loss) attributable to common stock, including assumed conversions		(7,139,977)		1,865,230		(3.83)		(3,550,951)		1,797,032		(1.98)