Net Income/Loss Per Share (“EPS”)	3 Months Ended
Oct. 31, 2013
Accounting Policies [Abstract]
Net Income/Loss Per Share (“EPS”)	Note 8 – Net Income/Loss Per Share (“EPS”): Basic earnings per share (“EPS”) for the three-month period ended October 31, 2013 has been computed by dividing the net income available to common stockholders for the period by the weighted average shares outstanding during that period. Diluted EPS for the three-month period ended October 31, 2013 has been computed by dividing the net income available to common stockholders payments for the period ($530,094), as adjusted downwards by the remaining “make-whole payments on the outstanding convertible preferred stock ($99,900) (see Note 5), by the diluted weighted average shares outstanding during that period. Per the treasury method of calculating Diluted EPS, 32,308,428 shares representing outstanding stock options and 18,410,183 shares representing outstanding warrants which have an exercise price lower than the average market price for the quarter ended October 31, 2013, are included in the calculation of EPS. In addition, 15,663,334 shares underlying the remaining Series E convertible preferred stock (including 3,330,000 shares for “make-whole payments”) have been added to the number of shares used in the Diluted EPS calculation. All remaining outstanding stock options and warrants which have out-of-the-money exercise prices, representing 22,797,402 incremental shares in aggregate, have been excluded from the October 31, 2013 computation of Diluted EPS, as they are anti-dilutive. Basic EPS and Diluted EPS for the three-month period ended October 31, 2012 have been computed by dividing the net loss available to common stockholders for the period by the weighted average shares outstanding during that period. All outstanding stock options, non-vested restricted stock, warrants and common stock underlying convertible preferred stock, representing 162,146,167 incremental shares at October 31, 2012, have been excluded from the computation of Diluted EPS as they are anti-dilutive, due to the loss generated during that period.

Net Income/Loss Per Share (“EPS”)

3 Months Ended

Oct. 31, 2013

Note 8 – Net Income/Loss Per Share (“EPS”):

Basic earnings per share (“EPS”) for the three-month period ended October 31, 2013 has been computed by dividing the net income available to common stockholders for the period by the weighted average shares outstanding during that period.

Diluted EPS for the three-month period ended October 31, 2013 has been computed by dividing the net income available to common stockholders payments for the period ($530,094), as adjusted downwards by the remaining “make-whole payments on the outstanding convertible preferred stock ($99,900) (see Note 5), by the diluted weighted average shares outstanding during that period. Per the treasury method of calculating Diluted EPS, 32,308,428 shares representing outstanding stock options and 18,410,183 shares representing outstanding warrants which have an exercise price lower than the average market price for the quarter ended October 31, 2013, are included in the calculation of EPS. In addition, 15,663,334 shares underlying the remaining Series E convertible preferred stock (including 3,330,000 shares for “make-whole payments”) have been added to the number of shares used in the Diluted EPS calculation. All remaining outstanding stock options and warrants which have out-of-the-money exercise prices, representing 22,797,402 incremental shares in aggregate, have been excluded from the October 31, 2013 computation of Diluted EPS, as they are anti-dilutive.

Basic EPS and Diluted EPS for the three-month period ended October 31, 2012 have been computed by dividing the net loss available to common stockholders for the period by the weighted average shares outstanding during that period. All outstanding stock options, non-vested restricted stock, warrants and common stock underlying convertible preferred stock, representing 162,146,167 incremental shares at October 31, 2012, have been excluded from the computation of Diluted EPS as they are anti-dilutive, due to the loss generated during that period.

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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