XML 16 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Cash Flows From Operating Activities:    
Net (loss) $ (15,195,666) $ (1,778,655)
Adjustments to reconcile net (loss) / income to net cash used in operating activities:    
Depreciation and amortization 123,106
Stock compensation expense 27,344
Common stock issued for services rendered 4,500
Loss on goodwill impairment 14,335,822
Loss on disposal of property and equipment 1,276
Common stock issued as make-whole payments on preferred stock 72,900 113,400
Change in fair value of derivative liabilities 325,074 103,634
Changes in operating assets and liabilities    
Accounts payable and accrued expenses 256,046 662,839
Other current assets (24,535) 45,412
Net Cash Used in Operating Activities (229,083) (698,420)
Cash Flows From Investing Activities:    
Deposit on investment (500,000)
Net loss attributable to noncontrolling interests (27,283)
Investment in non-controlling interest 99,593
Net cash (used) in investing activities (427,690)
Cash Flows From Financing Activities:    
Loan proceeds from related party 656,153
Proceeds from exercise of warrants 50,000 2,952
Net Cash Provided by Financing Activities 706,153 2,952
Net Increase (Decrease) in Cash and Cash Equivalents 49,380 (695,468)
Cash and Cash Equivalents, Beginning of Period 16,899 749,965
Effects of currency translation on cash and cash equivalents 8,760 (22,729)
Cash and Cash Equivalents, End of Period $ 75,039 $ 31,768