Income Taxes (Tables)

12 Months Ended

Jul. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Federal Income Tax Rate and Income Taxes

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, 2016			July 31, 2015
Income tax benefit at the federal statutory rate		34.0	%		34.0	%
State and local income taxes, net of effect of federal taxes		3.6			3.6
Increase in valuation allowance		(37.6	)		(37.6	)
Provision for income tax		0.0	%		0.0	%

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, 2016			July 31, 2015
Federal and State net operating loss	$	5,847		$	5,684
Foreign net operating loss		18			18
Stock-based compensation and other		430			315
		6,295			6,017
Less: Valuation allowance		(6,295	)		(6,017	)
Net deferred tax asset	$	–		$	–