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Income Taxes (Tables)
12 Months Ended
Jul. 31, 2018
Income Tax Disclosure [Abstract]  
Deferred income taxes

    July 31,
    2018   2017
Net operating loss carryforwards   $ 59,296,530     $ 88,428,273  
Other temporary differences     (102,273 )     4,132,264  
Intangible assets     2,518,572       —    
Total Deferred Tax Assets     61,712,829 )     92,560,537  
Valuation Allowance     (61,712,829 )     (92,560,537 )
Deferred Tax Liabilities                
Intangible assets     (—)       (—)  
Other temporary differences     —         —    
Total Deferred Tax Liabilities     —         —    
Net Deferred Income Taxes   $ —       $ —    

 

Reconciliation of effective tax rate

 

   July 31,
   2018  2017
Federal statutory rate   (26.5)%   (34.0)%
Increase (decrease) in income taxes resulting from:          
Imputed interest income on intercompany receivables from foreign subsidiaries   —      —   
Non-deductible or non-taxable items   28.5    27 
Other temporary differences   .9   (1)
Tax rate change   (88.7)   —   
Change in valuation allowance   85.8    8 
Effective tax rate   —  %   —  %