Income Taxes (Tables)

12 Months Ended

Jul. 31, 2020

Income Tax Disclosure [Abstract]

Deferred income taxes

Deferred income taxes consist of the following: 

	July 31,
	2020			2019
Net operating loss carryforwards	$	67,782,365		$	64,308,679
Accrued Expenses		2,398,682			1,090,537
Other temporary differences		1,054,768			721,653
Intangible assets		1,793,382			2,173,419
Total Deferred Tax Assets		73,029,197			68,294,288
Valuation Allowance		(73,029,197	)		(68,294,288
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, 2020 and 2019 is as follows:  

	July 31,
	2020			2019
Federal statutory rate		(21.0	)%		(21.0	)%
Increase (decrease) in income taxes resulting from:
Change in fair value of purchase consideration		3.2			(40.2	)
Expiration of net operating loss carryforward					9.9
Impairment of long-lived assets		3.3			—
Other		0.7			2.4
Change in valuation allowance		13.8			48.9
Effective tax rate		—	%		—	%