STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Apr. 30, 2015

Stock-Based Compensation [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s stock option activity for the nine months ended April 30, 2015 is as follows:

	Shares	Weighted Average Exercise Price		Weighted average remaining contractual term (years)	Aggregate intrinsic Value
Options outstanding, July 31, 2014	378,750	$	0.380
Options granted	-		n/a
Options exercised	-		n/a
Options forfeited or expired	-		n/a
Options outstanding, April 30, 2015	378,750	$	0.380	1.38	$	0.00
Options expected to vest, April 30, 2015	378,750	$	0.380	1.38	$	0.00
Options exercisable, April 30, 2015	378,750	$	0.380	1.38	$	0.00