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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Revenue $ 2,605,097 $ 120,000 $ 9,585,097 $ 680,000
Operating expenses        
General and administrative 1,130,730 1,863,512 14,407,688 4,710,134
Research and development 1,062,505 96,906 1,865,014 1,340,754
Total operating expenses 2,193,235 1,960,418 16,272,702 6,050,888
Income (loss) from operations 411,862 (1,840,418) (6,687,605) (5,370,888)
Other income (expense)        
Interest income (expense) 0 4,102 (11,319) (23,480)
Income (loss) on foreign exchange 4,266 (14,379) (24,925) (7,278)
Total other income (expense) 4,266 (10,277) (36,244) (30,758)
Income (loss) before provision for income taxes 416,128 (1,850,695) (6,723,849) (5,401,646)
Provision for income taxes 0 0 0 0
Net income (loss) $ 416,128 $ (1,850,695) $ (6,723,849) $ (5,401,646)
Basic income (loss) per common share $ 0.22 $ (1.01) $ (3.57) $ (2.99)
Diluted income (loss) per common share $ 0.15 $ (1.01) $ (3.57) $ (2.99)
Basic weighted average common shares outstanding 1,916,554 1,830,134 1,882,088 1,803,634
Diluted weighted average common shares outstanding 2,734,760 1,830,134 1,882,088 1,803,634