LOSS PER SHARE (Tables)

9 Months Ended

Apr. 30, 2016

Earnings Per Share [Abstract]

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

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)