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LOSS PER SHARE (Tables)
 12 Months Ended
Jul. 31, 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 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)