LOSS PER SHARE (Tables)

12 Months Ended

Jul. 31, 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 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)