Summary of Significant Accounting Policies (Tables)

9 Months Ended

Apr. 30, 2015

Accounting Policies [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The carrying amounts of the intangible assets as of April 30, 2015 and July 31, 2014 are as follows:

	Intangible Assets, Gross						Accumulated Amortization						Intangible Assets, Net				Weighted
							July 31,						July 31,				Useful Life
	July 31, 2014		Additions		April 30, 2015		2014		Expense		April 30, 2015		2014		April 30, 2015		(Years)
Developed technology	$	4,423,375	$	-	$	4,423,375	$	(133,203)	$	(473,933)	$	(607,136)	$	4,290,172	$	3,816,239		7
Trade names		816,800				816,800		(24,597)		(87,514)		(112,111)		792,203		704,689		7
Total intangible assets, net	$	5,240,175	$	-	$	5,240,175	$	(157,800)	$	(561,447)	$	(719,247)	$	5,082,375	$	4,520,928

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

As of April 30, 2015, 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	$	157,978	$	29,172	$	187,150
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		3,816,239	$	704,689	$	4,520,928

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments as follows:

	Debt Conversion Feature
Balance at August 1, 2014	$	-
Issuance		439,202
Change in fair value recorded in other income (expense), net		139,819
Balance at April 30, 2015	$	579,021