Property and Equipment

6 Months Ended

Jan. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 8 – Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the following estimated useful lives of the assets: furniture and fixtures –seven years; machinery and equipment –five years; software – five years; leasehold improvements –the life of the current facility lease. Major additions and betterments are capitalized and repairs and maintenance are charged to operations in the period incurred. Depreciation expense for the three months and the six months ended January 31, 2016 and 2015 was $7,810 and $11,395, $19,128 and $17,816 respectively. The assets under capital leases as of January 31, 2016 and July 31, 2015 were $97,649 and $97,649, respectively. Accumulated depreciation related to assets under capital leases as of these dates was $25,215 and $12,730, respectively.

	January 31, 2016		July 31, 2015
Furniture and fixture	$	27,634	$	27,634
Machinery and equipment		125,189		125,189
Software		359,417		359,417
Leasehold Improvements		5,985		5,985
Vehicle		-		105,278
		518,225		623,503
Accumulated depreciation		(440,258)		(468,505)
Property and equipment, net	$	77,967	$	154,998