INCOME TAXES (Tables)

12 Months Ended

Jul. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The difference between income taxes at the statutory federal income tax rate and income taxes reported in the consolidated comprehensive statements of operations are attributable to the following:

	July 31, 2015			July 31, 2014
Income tax benefit at the federal statutory rate		34.00	%		34.00	%
State and local income taxes, net of effect of federal taxes		3.63			3.63
Expiration of net operating losses		0			0
Other, net		0			0
Increase in valuation allowance		(37.63)			(37.63)
Provision for income tax		0.00	%		0.00	%

Schedule Of Deferred Tax Assets

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets consist of the following (in thousands):

	July 31, 2015		July 31, 2014
Federal and State net operating loss	$	5,684	$	5,533
Foreign net operating loss		18		18
Stock-based compensation and other		315		308
		6,017		5,859
Less: Valuation allowance		(6,017)		(5,859)
Net deferred tax asset	$	–	$	–