Summary of Significant Accounting Policies (Tables)

9 Months Ended

Apr. 30, 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 April 30,
	2016						2015
	Income  (Loss) $		Weighted Average Common Shares Outstanding		Per Share  $		Income (Loss) $		Weighted Average Common Shares Outstanding		Per Share $
Basic:
Income (loss) attributable to common stock		416,128		1,916,554		0.22		(1,850,695)		1,830,134		(1.01)
Effective of Dilutive Securities:
Stock options and warrants		–		818,206		–		–		–		–
Diluted:
Income (loss) attributable to common stock, including assumed conversions		416,128		2,734,760		0.15		(1,850,695)		1,830,134		(1.01)

	For the Nine Months Ended April 30,
	2016						2015
	Income (Loss) $		Weighted Average Common Shares Outstanding		Per Share $		Income  (Loss) $		Weighted Average Common Shares Outstanding		Per Share $
Basic:
Income (loss) attributable to common stock		(6,723,849)		1,882,088		(3.57)		(5,401,646)		1,803,634		(2.99)
Effective of Dilutive Securities:
Stock options and warrants		–		–		–		–		–		–
Diluted:
Income (loss) attributable to common stock, including assumed conversions		(6,723,849)		1,882,088		(3.57)		(5,401,646)		1,803,634		(2.99)