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LOSS PER SHARE
 12 Months Ended
Jul. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 12:
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 2017, Fiscal 2016, and Fiscal 2015:
 
 
 
Year Ended July 31,
 
 
 
2017
 
2016
 
2015
 
Numerator
 
 
 
 
 
 
 
Net Loss for the Year
 
$
(17,971,056)
 
$
(17,329,872)
 
$
(23,361,928)
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
Basic Weighted Average Number of Shares
 
 
128,244,751
 
 
106,086,782
 
 
92,397,547
 
Dilutive Stock Options and Warrants
 
 
-
 
 
-
 
 
-
 
Diluted Weighted Average Number of Shares
 
 
128,244,751
 
 
106,086,782
 
 
92,397,547
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss per Share, Basic and Diluted
 
$
(0.14)
 
$
(0.16)
 
$
(0.25)
 
 
For Fiscal 2017, Fiscal 2016 and Fiscal 2015, 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.