Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jan. 31, 2017

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,
	2017						2016
			Weighted						Weighted
			Average						Average
			Common						Common
	Income		Shares		Per Share		Income		Shares		Per Share
	$		Outstanding		$		$		Outstanding		$
Basic:
Income attributable to common stock		10,649,790		2,006,181		5.31		3,970,040		1,880,279		2.11
Effective of Dilutive Securities:
Stock options and warrants		–		163,785		–		–		724,991		–
Diluted:
Income attributable to common stock, including assumed conversions		10,649,790		2,169,966		4.91		3,970,040		2,605,270		1.52

	For the Six Months Ended January 31,
	2017						2016
			Weighted						Weighted
			Average						Average
	Income		Common				Income		Common
	(Loss)		Shares		Per Share		(Loss)		Shares		Per Share
	$		Outstanding		$		$		Outstanding		$
Basic:
Income (loss) attributable to common stock		10,049,162		1,999,307		5.03		(7,139,977)		1,865,230		(3.83)
Effective of Dilutive Securities:
Stock options and warrants		–		211,683		–		–		–		–
Diluted:
Income (loss) attributable to common stock, including assumed conversions		10,049,162		2,210,990		4.55		(7,139,977)		1,865,230		(3.83)