LOSS PER SHARE (Tables)

12 Months Ended

Jul. 31, 2014

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Year Ended July 31,
Numerator		2014			2013			2012
Net Loss for the Year	$	(25,975,107	)	$	(21,863,091	)	$	(25,083,720	)
Denominator
Basic Weighted Average Number of Shares		89,136,505			85,380,412			78,325,648
Dilutive Stock Options and Warrants		-			-			-
Diluted Weighted Average Number of Shares		89,136,505			85,380,412			78,325,648
Net Loss per Share, Basic and Diluted	$	(0.29	)	$	(0.26	)	$	(0.32	)