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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2017
Apr. 30, 2016
Revenue        
Royalty and licensing revenue $ 0 $ 2,605,097 $ 14,656,142 $ 4,785,097
Treatment investment revenue 18,116 0 18,116 4,800,000
Total revenue 18,116 2,605,097 14,674,258 9,585,097
Operating expenses        
General and administrative 1,995,892 1,040,608 4,567,898 13,155,931
Research and development 1,103,319 1,059,627 1,889,989 2,814,520
Selling expenses 84,375 93,000 1,322,974 302,251
Total operating expenses 3,183,586 2,193,235 7,780,861 16,272,702
Income (loss) from operations (3,165,470) 411,862 6,893,397 (6,687,605)
Other income (expense)        
Interest income (expense), net 10,673 0 9,306 (11,319)
Income (loss) on foreign exchange 25,189 4,266 16,851 (24,925)
Total other income (expense) 35,862 4,266 26,157 (36,244)
Income (loss) before provision for income taxes (3,129,608) 416,128 6,919,554 (6,723,849)
Provision for income taxes 0 0 0 0
Net income (loss) $ (3,129,608) $ 416,128 $ 6,919,554 $ (6,723,849)
Basic income (loss) per common share $ (1.55) $ 0.22 $ 3.45 $ (3.57)
Diluted income (loss) per common share $ (1.55) $ 0.15 $ 3.07 $ (3.57)
Basic weighted average common shares outstanding 2,014,141 1,916,554 2,004,143 1,882,088
Diluted weighted average common shares outstanding 2,014,141 2,734,760 2,251,127 1,882,088