Income Taxes (Tables)

12 Months Ended

Jul. 31, 2017

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 (in thousands):

	July 31, 2017			July 31, 2016
Income tax benefit at the federal statutory rate	$	(166	)	$	(252	)
State and local income taxes, net of effect of federal taxes		10			(27	)
Stock-based compensation		272			–
(Decrease) Increase in valuation allowance		(116	)		279
Provision for income tax	$	–		$	–

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, 2017			July 31, 2016
Federal and State net operating loss	$	5,988		$	5,847
Foreign net operating loss		18			18
Stock-based compensation and other		173			430
		6,179			6,295
Less: Valuation allowance		(6,179	)		(6,295	)
Net deferred tax asset	$	–		$	–