Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jul. 31, 2017

Accounting Policies [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table illustrates the dilutive effect of the assumed exercise of the Company’s outstanding stock options and warrants, using the treasury stock method, as of July 31, 2017 and 2016, respectively:

	For the Year Ended July 31, 2017						For the Year Ended July 31, 2016
	Net Income		Weighted Average Common Shares Outstanding		Per Share $		Net Loss		Weighted Average Common Shares Outstanding		Per Share $
Basic:
Net income (loss) attributable to common stock	$	6,580,613		2,014,540	$	3.27	$	(7,814,256)		1,910,489	$	(4.09)
Effective of Dilutive Securities:
Stock options and warrants		-		221,311		-		-		-		-
Diluted:
Net income (loss) attributable to common stock, including assumed conversions	$	6,580,613		2,235,851	$	2.94	$	(7,814,256)		1,910,489	$	(4.09)