Summary of Significant Accounting Policies (Tables)

3 Months Ended

Oct. 31, 2015

Accounting Policies [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

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

	July 31, 2015		Additions		October31, 2015		July 31, 2015		Expense		October 31, 2015		July 31, 2015		October 31, 2015		Useful Life (Years)
Developed technology	$	4,767,286	$	-	$	4,767,286	$	(797,897)	$	(171,408)	$	(969,305)	$	3,969,389	$	3,797,981		7
Trade names		816,800				816,800		(141,283)		(29,171)		(170,454)		675,517		646,346		7
Total intangible assets, net	$	5,584,086	$	-	$	5,584,086	$	(939,180)	$	(200,580)	$	(1,139,759)	$	4,644,906	$	4,444,327

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

As of October 31, 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
2016	$	509,633		87,515		597,148
2017		681,041		116,686		797,727
2018		681,041		116,686		797,727
2019		681,041		116,686		797,727
Thereafter		1,245,225		208,773		1,453,998
Total intangible assets subject to amortization	$	3,797,981	$	646,346	$	4,444,327

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [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:

	Derivative Liability
Balance at August 1, 2015	$	881,993
Issuance		211,000
Reduction upon conversion to common stock		(329,103)
Change in fair value recorded in other income (expense), net		(149,960)
Balance at October 31, 2015	$	613,930