CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (USD $)	3 Months Ended
	Oct. 31, 2011	Oct. 31, 2010
Revenues and other income:
Biodiesel	$ 36,025,399	$ 15,830,327
Biodiesel Government Incentives	391,500	0
Oil and gas	75,157	91,778
Total operating income	36,492,056	15,922,105
Costs and expenses:
Biofuels Direct Costs	33,504,175	13,578,168
Production costs and taxes	320,622	113,965
General and administrative	2,908,099	1,305,846
Depreciation, depletion and amortization	218,765	213,173
Total costs and expenses	36,951,661	15,211,152
Net Income (Loss) from operations	(459,605)	710,953
Other income and (expense):
Interest expense	(756,686)	(331,580)
Interest income	2,826	0
Other income (expense)	25,862	310,000
Gain (loss) on valuation of derivative liability	89,572	0
Total other income and (expense)	(638,426)	(21,580)
Net income (loss) before income tax	(1,098,031)	689,372
Provision for income taxes	0	0
Net Income (Loss)	$ (1,098,031)	$ 689,372
NET INCOME/(LOSS) PER SHARE (basic)	$ (0.030)	$ 0.030
WEIGHTED AVERAGE SHARES OUTSTANDING (basic)	37,071,623	22,500,369
NET INCOME/(LOSS) PER SHARE (diluted)		$ 0.029
WEIGHTED AVERAGE SHARES OUTSTANDING (diluted)		23,965,823