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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Cash flows used in operating activities    
Net income (loss) $ 10,049,162 $ (7,139,977)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 2,570 686
Issuance of common stock for services 92,623 456,483
Stock based compensation from issuance of options 517,529 10,166,391
Changes in assets and liabilities:    
Decrease in prepaid expenses 10,387 6,060
Increase in accounts receivable 312,498 0
Decrease in deferred revenue 0 (4,300,000)
Increase (decrease) in accounts payable 615,628 (280,245)
Increase in accrued salaries and wages 9,039 734,441
Net cash provided by (used in) operating activities 11,609,436 (356,161)
Cash flows provided by financing activities    
Proceeds from related parties notes payable 0 151,191
Payments of related parties notes payable 0 (281,191)
Repayment of notes payable (165,000) 0
Investment received in exchange for royalty agreement 0 1,333,500
Net cash provided by (used in) financing activities (165,000) 1,203,500
Net increase in cash and cash equivalents 11,444,436 847,339
Cash and cash equivalents, beginning of period 1,481,393 434,217
Cash and cash equivalents, end of period 12,925,829 1,281,556
Supplemental disclosure    
Interest paid during the period 4,828 78,865
Taxes paid during the period $ 0 $ 0