Summary of Significant Accounting Policies (Tables)

9 Months Ended

Apr. 30, 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 April 30,
	2017						2016
			Weighted						Weighted
			Average						Average
			Common						Common
	Loss		Shares		Per Share		Income		Shares		Per Share
	$		Outstanding		$		$		Outstanding		$
Basic:
Income (loss) attributable to common stock		(3,129,608)		2,014,141		(1.55)		416,128		1,916,554		0.22
Effective of Dilutive Securities:
Stock options and warrants		–		–		–		–		818,206		–
Diluted:
Income (loss) attributable to common stock, including assumed conversions		(3,129,608)		2,014,141		(1.55)		416,128		2,734,760		0.15

	For the Nine Months Ended April 30,
	2017						2016
			Weighted						Weighted
			Average						Average
			Common						Common
	Income		Shares		Per Share		Loss		Shares		Per Share
	$		Outstanding		$		$		Outstanding		$
Basic:
Income (loss) attributable to common stock		6,919,554		2,004,143		3.45		(6,723,849)		1,882,088		(3.57)
Effective of Dilutive Securities:
Stock options and warrants		–		246,984		–		–		–		–
Diluted:
Income (loss) attributable to common stock, including assumed conversions		6,919,554		2,251,127		3.07		(6,723,849)		1,882,088		(3.57)