Basic and Diluted Loss per Share (Tables)

9 Months Ended

Apr. 30, 2016

Earnings Per Share [Abstract]

Schedule of Common Shares Not Included in Calcutation of Diluted EPS

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

	April 30, 2016		April 30, 2015
Stock options		200,000		378,750
Series C Preferred Stock		1,551,200		1,551,200
Series D Preferred Stock		13,910,000		13,910,000
Total		15,661,200		15,839,950