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LOSS PER SHARE (Tables)
9 Months Ended
Apr. 30, 2017
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,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss for the Period
 
$
(3,798,864)
 
 
$
(3,679,055)
 
 
$
(12,383,927)
 
 
$
(13,552,594)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Weighted Average Number of Shares
 
 
137,452,998
 
 
 
109,710,985
 
 
 
124,676,016
 
 
 
102,588,834
 
Dilutive Stock Options and Warrants
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Diluted Weighted Average Number of Shares
 
 
137,452,998
 
 
 
109,710,985
 
 
 
124,676,016
 
 
 
102,588,834
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss per Share, Basic and Diluted
 
$
(0.03)
 
 
$
(0.03)
 
 
$
(0.10)
 
 
$
(0.13)