LOSS PER SHARE (Tables)

3 Months Ended

Oct. 31, 2014

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

		Three Months Ended October 31,
		2014			2013
Numerator
Net Loss for the Period	$	(6,726,227	)	$	(5,879,934	)
Denominator
Basic Weighted Average Number of Shares		91,280,843			86,429,172
Dilutive Stock Options and Warrants		-			-
Diluted Weighted Average Number of Shares		91,280,843			86,429,172
Net Loss per Share, Basic and Diluted	$	(0.07	)	$	(0.07	)