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LOSS PER SHARE
 12 Months Ended
Jul. 31, 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 computation of basic and diluted loss per share for Fiscal 2016, 2015, and 2014:
 
 
 
Year Ended July 31,
 
 
 
2016
 
2015
 
2014
 
Numerator
 
 
 
 
 
 
 
 
 
 
Net Loss for the Year
 
$
(17,329,872)
 
$
(23,361,928)
 
$
(25,975,107)
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
Basic Weighted Average Number of Shares
 
 
106,086,782
 
 
92,397,547
 
 
89,136,505
 
Dilutive Stock Options and Warrants
 
 
-
 
 
-
 
 
-
 
Diluted Weighted Average Number of Shares
 
 
106,086,782
 
 
92,397,547
 
 
89,136,505
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss per Share, Basic and Diluted
 
$
(0.16)
 
$
(0.25)
 
$
(0.29)
 
 
For Fiscal 2016, 2015 and 2014, all outstanding stock options and share purchase warrants were excluded from the computation of diluted loss per share since the Company reported net losses for those periods and their effects would be anti-dilutive.