Income Taxes (Tables)

12 Months Ended

Jul. 31, 2015

Income Tax Disclosure [Abstract]

Deferred income taxes

Deferred income taxes consist of the following:

	July 31,
	2015		2014
Net operating loss carryforwards	$	86,370,251	$	90,515,261
Other temporary differences		338,000		299,010
Intangible assets		108,022		291,002
Total Deferred Tax Assets		86,816,273		91,105,273
Valuation Allowance		(86,816,273)		(91,105,273	)
Deferred Tax Liabilities
Intangible assets		—		—
Other temporary differences		—		—
Total Deferred Tax Liabilities		—		—
Net Deferred Income Taxes	$	—	$	—

Reconciliation of effective tax rate

	2015			2014
Federal statutory rate		(34.0	)%		(34.0	)%
Increase (decrease) in income taxes resulting from:
Imputed interest income on intercompany receivables from foreign subsidiaries		4			4,037
Non-deductible or non-taxable items		(24	)		(111,569	)
Other temporary differences		170			(84,061	)
Change in valuation allowance		(116	)		191,627
Effective tax rate		—	%		—	%