Income Taxes (Tables)

12 Months Ended

Jul. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate to the net loss before provision for income taxes for the following reasons:

	July 31, 2017		July 31, 2016
Net income (loss) before taxes at statutory rate	$	2,992,311	$	(3,242,916)
Permanent items		5,828		1,764
Temporary items		385,910		4,770,850
Income tax expense at statutory rate		3,384,049		1,529,698)
Valuation allowance		(2,833,575)		(1,529,698
Income tax expense per books	$	550,474	$	-

Schedule of Deferred Tax Assets and Liabilities

	July 31, 2017		July 31, 2016
Net operating loss carryover at statutory rate	$	4,936,604	$	10,063,523
Stock-based compensation expense		9,922,093		9,217,868
Fixed asset depreciation		(1,143)		-
Intangible asset amortization		(1,327)		-
		14,856,227		19,281,391
Valuation allowance		(14,856,227)		(19,281,391)
Net deferred tax asset	$	-	$	-