Assets Purchase

12 Months Ended

Jul. 31, 2015

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Note 4. Assets Purchase

Veloxum

On May 15, 2014, the Company acquired certain assets of Veloxum, Inc., (“Veloxum”), a privately-held company, relating to its enterprise software in exchange for 13,100,437 shares of common stock which was accounted as an asset purchase. At the time of the acquisition, the Company determined that the fair value of the common stock issued was approximately $5.2 million based on the trading price of the common stock at issuance.

The following table summarizes the fair value of assets acquired of $5.2 million:

Developed technology	$	4,423,375
Tradenames and other intangible asset	$	816,800
Total	$	5,240,175