Income Taxes (Details 3) - USD ($) |
12 Months Ended | ||
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Jul. 31, 2015 |
Jul. 31, 2014 |
Jul. 31, 2013 |
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Significant components of the deferred tax assets | |||
Net operating loss carryforwards | $ 15,460,000 | $ 8,211,000 | |
Credits | 1,082,000 | 397,000 | |
Start-up costs | 56,000 | 61,000 | |
Accumulated Depreciation | 591,000 | 663,000 | |
Other | 1,691,000 | 877,000 | |
Net deferred tax assets | 18,880,000 | 10,209,000 | |
Valuation allowance for deferred tax assets | $ (18,880,000) | $ (10,209,000) | |
Reconciliation of incomes taxes using statutory income tax rate, compared to effective rate | |||
Federal tax benefit at the expected statutory rate (as a percent) | 34.00% | 34.00% | 34.00% |
State income tax, net of federal tax benefit (as a percent) | (0.01%) | (0.01%) | (0.01%) |
Non-deductible expenses (as a percent) | (1.34%) | (0.45%) | (0.08%) |
Change in valuation allowance (as a percent) | (34.55%) | (33.90%) | (33.93%) |
Other (as a percent) | 1.89% | ||
Income tax benefit - effective rate (as a percent) | (0.01%) | (0.36%) | (0.02%) |
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- Definition Represents the amount before allocation of valuation allowances of deferred tax asset attributable to temporary differences from start-up costs. No definition available.
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from property, plant, and equipment. No definition available.
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- Definition The tax effect as of the balance sheet date of the amount of future tax deductions arising from all unused tax credit carryforwards which have been reduced by a valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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