Summary of Significant Accounting Policies (Tables)

3 Months Ended

Oct. 31, 2014

Accounting Policies [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The carrying amounts of the intangible assets as of October 31, 2014 and July 31, 2014 are as follows:

	Intangible Assets, Gross						Accumulated Amortization						Intangible Assets, Net				Weighted
																	Average Useful
																	Life
	July 31, 2014		Additions		October 31, 2014		July 31, 2014		Expense		October 31, 2014		July 31, 2014		October 31, 2014		(Years)
Developed technology	$	4,423,375	$	-	$	4,423,375	$	(133,203)	$	(157,978)	$	(291,181)	$	4,290,172	$	4,132,194		7
Trade names		816,800				816,800		(24,597)		(29,171)		(53,768)		792,203		763,032		7
Total intangible assets, net	$	5,240,175	$	-	$	5,240,175	$	(157,800)	$	(187,149)	$	(344,949)	$	5,082,375	$	4,895,226

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

As of October 31, 2014, the amortization expense related to identifiable intangible assets in future periods is expected to be as follows:

					Total
	Developed		Trade		intangible
Year ending July 31,	technology		names		assets
2015	$	473,933	$	87,515	$	561,448
2016		631,911		116,686		748,597
2017		631,911		116,686		748,597
2018		631,911		116,686		748,597
2019		631,911		116,686		748,597
Thereafter		1,130,617		208,773		1,339,390
Total intangible assets subject to amortization		4,132,194	$	763,032	$	4,895,226