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Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Jan. 31, 2016
Jan. 31, 2015
Revenue $ 6,860,000 $ 560,000 $ 6,980,000 $ 560,000
Operating expenses        
General and administrative 2,485,578 2,138,609 13,276,958 2,846,622
Research and development 373,059 1,191,747 802,509 1,243,848
Total operating expenses 2,858,637 3,330,356 14,079,467 4,090,470
Income (loss) from operations 4,001,363 (2,770,356) (7,099,467) (3,530,470)
Other income (expense)        
Interest expense (5,491) (19,370) (11,319) (27,582)
Income (loss) on foreign exchange (25,832) 14,112 (29,191) 7,101
Total other income (expense) (31,323) (5,258) (40,510) (20,481)
Income (loss) before provision for income taxes 3,970,040 (2,775,614) (7,139,977) (3,550,951)
Provision for income taxes 0 0 0 0
Net income (loss) $ 3,970,040 $ (2,775,614) $ (7,139,977) $ (3,550,951)
Basic income (loss) per common share $ 2.11 $ (1.54) $ (3.83) $ (1.98)
Diluted income (loss) per common share $ 1.52 $ (1.54) $ (3.83) $ (1.98)
Basic weighted average common shares outstanding 1,880,279 1,806,303 1,865,230 1,797,032
Diluted weighted average common shares outstanding 2,605,270 1,806,303 1,865,230 1,797,032