Quarterly Information (Tables)

12 Months Ended

Jul. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly information (unaudited)

		Q1			Q2			Q3			Q4
Fiscal Year July 31, 2014:
Revenues, net	$	-0-		$	-0-		$	-0-		$	-0-
Operating Loss	$	(1,443,051	)	$	(1,010,861	)	$	(1,242,849	)	$	(702,918	)
Net Income/(Loss)	$	530,094		$	(3,186,290	)	$	270,923		$	2,383,856
Net Loss available to common stockholders	$	530,094		$	(3,594,569	)	$	(1,149,127	)	$	2,153,856
Net Loss per share	$	0.001		$	(0.010	)	$	(0.002	)	$	0.003
Fiscal Year July 31, 2013:
Revenues, net	$	-0-		$	-0-		$	-0-		$	-0-
Operating Loss	$	(1,940,031	)	$	(1,290,780	)	$	(1,433,640	)	$	(1,464,908	)
Net Income/(Loss)	$	(656,199	)	$	(5,640,985	)	$	1,297,448		$	(3,554,586	)
Net Loss available to common stockholders	$	(758,496	)	$	(5,640,985	)	$	1,297,448		$	(5,174,763	)
Net Loss per share	$	0.002		$	(0.015	)	$	0.003		$	(0.007	)