BASIC AND DILUTED LOSS PER SHARE (Tables)

6 Months Ended

Jan. 31, 2014

Basic and Diluted Loss Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Potential common shares not included in calculating diluted net loss per share are as follows:

	January 31, 2014	January 31, 2013
Stock options	538,750	758,750
Series C Preferred Stock	1,551,200	1,551,200
Series D Preferred Stock	13,975,000	13,975,000
Total	16,064,950	16,284,950