Income Taxes (Tables)

12 Months Ended

Jul. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate to the net loss before provision for income taxes for the following reasons:

	July 31, 2016		July 31, 2015
Net loss before taxes at statutory rate	$	(3,242,916)	$	(2,744,770)
Permanent items		1,764		6,508
Temporary items		4,770,850		667,840
Income tax expense at statutory rate		1,529,698		(2,070,422)
Valuation allowance		(1,529,698)		2,070,422
Income tax expense per books	$	-	$	-

Schedule of Deferred Tax Assets and Liabilities

Net deferred tax assets consist of the following components as of:

	July 31, 2016		July 31, 2015
Net operating loss carryover at statutory rate	$	(10,063,523)	$	(11,593,221)
Stock-based compensation expense		(9,217,868)		(4,447,018)
		(19,281,391)		(16,040,239)
Valuation allowance		19,281,391		16,040,239
Net deferred tax asset	$	-	$	-