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LOSS PER SHARE
 9 Months Ended
Apr. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 11:
LOSS PER SHARE
 
The following table reconciles the weighted average number of shares used in the calculation of the basic and diluted loss per share:
 
 
 
Three Months Ended April 30,
 
Nine Months Ended April 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss for the Period
 
$
(3,679,055)
 
$
(5,347,729)
 
$
(13,552,594)
 
$
(17,949,496)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Weighted Average Number of Shares
 
 
109,710,985
 
 
92,034,908
 
 
102,588,834
 
 
91,683,568
 
Dilutive Stock Options and Warrants
 
 
-
 
 
-
 
 
-
 
 
-
 
Diluted Weighted Average Number of Shares
 
 
109,710,985
 
 
92,034,908
 
 
102,588,834
 
 
91,683,568
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss per Share, Basic and Diluted
 
$
(0.03)
 
$
(0.06)
 
$
(0.13)
 
$
(0.20)
 
 
For the three and nine months ended April 30, 2016 and 2015, all outstanding stock options and share purchase warrants were excluded from the calculation of the diluted loss per share since the Company reported net losses for those periods and their effects would be anti-dilutive.