Income Taxes (Tables)

12 Months Ended

Jul. 31, 2019

Income Tax Disclosure [Abstract]

Deferred income taxes

Deferred income taxes consist of the following: 

	July 31,
	2019			2018
Net operating loss carryforwards	$	64,308,679		$	59,296,530
Other temporary differences		1,812,190			(102,273	)
Intangible assets		2,173,419			2,518,572
Total Deferred Tax Assets		68,294,288			61,712,829
Valuation Allowance		(68,294,288	)		(61,712,829	)
Deferred Tax Liabilities
Intangible assets		(—)			(—)
Other temporary differences		—			—
Total Deferred Tax Liabilities		—			—
Net Deferred Income Taxes	$	—		$	—

Reconciliation of effective tax rate

A reconciliation of the United States Federal Statutory rate to the Company’s effective tax rate for the years ended July 31, 2019 and 2018 is as follows:  

	July 31,
	2019			2018
Federal statutory rate		(21.0	)%		(26.5	)%
Increase (decrease) in income taxes resulting from:
Change in fair value of purchase consideration		(40.2	)		28.5
Expiration of net operating loss carryforward		9.9			—
Other		2.4			0.9
Tax rate change		—			(88.7	)
Change in valuation allowance		48.9			85.8
Effective tax rate		—	%		—	%