Generex Biotechnology (GNBTQ) 10-Q 11 Jun 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2018	Jun. 05, 2018
Document And Entity Information
Entity Registrant Name	GENEREX BIOTECHNOLOGY CORP
Entity Central Index Key	1,059,784
Document Type	10-Q
Document Period End Date	Apr. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,068,100
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018

Unaudited Condensed Interim Con

Unaudited Condensed Interim Consolidated Balance Sheets - USD ($)		Apr. 30, 2018	Jul. 31, 2017
Current Assets:
Cash and cash equivalents		$ 1,567,433	$ 2,879,165
Inventory, net		12,046	10,035
Other current assets		161,739	21,891
Total Current Assets		1,741,218	2,911,091
Property and equipment		37,730	573
Call option (Note 8)		2,757,815	4,237,829
Intangible asset (Note 8 and 9)		3,187,757	2,911,377
Patents, net		23,926	25,851
Other assets, net		7,824	7,824
TOTAL ASSETS		7,756,270	10,094,545
Current Liabilities:
Accounts payable and accrued expenses		10,846,465	10,172,610
Notes Payable		320,000
Loans from related parties (Note 3)		13,883,943	13,738,140
Total Current Liabilities		25,050,408	23,910,750
Warrants to be issued (Note 8)		41,229,890	66,060,026
Total Liabilities		66,280,298	89,970,776
Stockholders' Deficiency (Note 6):
Convertible Preferred Stock
Common stock, $.001 par value; authorized 750,000,000 and 2,450,000 shares at April 30, 2018 and July 31, 2017, respectively; 1,068,101 and 1,068,101 issued and outstanding at April 30, 2018 and July 31, 2017, respectively		1,068	1,068
Common stock payable		2,168,951	2,168,951
Additional paid-in capital		368,409,627	368,409,627
Accumulated deficit		(424,278,284)	(445,720,566)
Accumulated other comprehensive income		792,929	783,150
Non-controlling interest		(5,618,323)	(5,518,465)
Total Stockholders' Deficiency		(58,524,028)	(79,876,231)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY		7,756,270	10,094,545
Series F Convertible Preferred Stock
Stockholders' Deficiency (Note 6):
Convertible Preferred Stock	[1]
Series G Convertible Preferred Stock
Stockholders' Deficiency (Note 6):
Convertible Preferred Stock	[2]
Series H Convertible Preferred Stock
Stockholders' Deficiency (Note 6):
Convertible Preferred Stock	[3]	3	3
Series I Convertible Preferred Stock
Stockholders' Deficiency (Note 6):
Convertible Preferred Stock	[4]	$ 1	$ 1
[1]	Series F 9% Convertible Preferred Stock, $1,000 par value; authorized 4,150 shares, -0- and -0- issued shares at April 30, 2018 and July 31, 2017, respectively
[2]	Series G 9% Convertible Preferred Stock, $1,000 par value; authorized 1,000 shares, -0- and -0- issued shares at April 30, 2018 and July 31, 2017, respectively
[3]	Series H Convertible Preferred Stock, $.001 par value; authorized 109,000 shares, 3,000 and 3,000 issued shares at April 30, 2018 and July 31, 2017, respectively
[4]	Series I Convertible Preferred Stock, $.001 par value; authorized 6,000 shares, 790 and 790 issued shares at April 30, 2018 and July 31, 2017, respectively

Unaudited Condensed Interim Co3

Unaudited Condensed Interim Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Apr. 30, 2018	Jul. 31, 2017
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	750,000,000	2,450,000
Common stock, shares issued	1,068,101	1,068,101
Common stock, shares outstanding	1,068,101	1,068,101
Series F Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	4,150	4,150
Convertible preferred stock, shares issued	0	0
Convertible preferred stock, shares outstanding	0	0
Series G Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	1,000	1,000
Convertible preferred stock, shares issued	0	0
Convertible preferred stock, shares outstanding	0	0
Series H Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ .001	$ 0.001
Convertible preferred stock, shares authorized	109,000	109,000
Convertible preferred stock, shares issued	3,000	3,000
Convertible preferred stock, shares outstanding	3,000	3,000
Series I Convertible Preferred Stock
Convertible preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	6,000	6,000
Convertible preferred stock, shares issued	790	790
Convertible preferred stock, shares outstanding	790	790

Unaudited Condensed Interim Co4

Unaudited Condensed Interim Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Revenue:
Sales			$ 2,218
Licensing income			700,000
Total Revenue			702,218
Operating expenses
Research and development	307,420	187,786	696,099	263,426
General and administrative	684,390	346,222	1,800,440	589,127
Total Operating Expenses	991,810	534,008	2,496,539	852,553
Operating Loss	(991,810)	(534,008)	(1,794,321)	(852,553)
Other Income/(Expense):
Interest expense	(149,590)	(186,463)	(426,780)	(429,971)
Changes in fair value of contingent purchase consideration (Note 8)	4,573,493	(49,537,836)	23,350,122	(49,537,836)
Impairment of goodwill				(14,335,822)
Change in fair value of derivative liabilities		1,034,991		709,917
Net Income (loss)	3,432,093	(49,223,316)	21,129,021	(64,446,265)
Net (loss) attributable to noncontrolling interests	(103,794)	(7,132,015)	(313,261)	(7,159,298)
Net (Loss) Available to Common Stockholders	$ 3,535,887	$ (42,091,301)	$ 21,442,282	$ (57,286,967)
Basic	$ 3.31	$ (45.83)	$ 20.08	$ (59.67)
Diluted	$ 3.31	$ (45.83)	$ 8.26	$ (59.67)
Basic	1,068,101	918,416	1,068,101	960,054
Diluted	2,592,716	918,416	2,592,716	960,054
Comprehensive Income :
Net Income	$ 3,535,887	$ (42,091,301)	$ 21,442,282	$ (57,286,967)
Change in foreign currency translation adjustments	13,677	5,560	9,779	14,073
Comprehensive Income Available to Common Stockholders	$ 3,549,564	$ (42,085,741)	$ 21,452,061	$ (57,272,894)

Unaudited Condensed Interim Co5

Unaudited Condensed Interim Consolidated Statements of Changes in Stockholders Equity (Deficiency) - USD ($)	Preferred Stock	Common Stock	Common Stock Payable	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Sub Total	Noncontrolling Interest	Total
Balance at Jul. 31, 2016		$ 909		$ 363,687,741	$ (375,704,372)	$ 798,872	$ (11,216,850)		$ (11,216,850)
Balance (in shares) at Jul. 31, 2016	620	908,541
Issuance of common stock upon conversion of preferred stock		$ 41		$ (41)
Issuance of common stock upon conversion of preferred stock (in shares)	(620)	41,333
Issuance of common stock for preferred stock make whole payments		20		167,380			167,400		167,400
Issuance of common stock for preferred stock make whole payments (in shares)		19,529
Exercise of stock options/warrants for cash		$ 3		$ 49,997			$ 50,000		$ 50,000
Exercise of stock options/warrants for cash (in shares)		3,333
Cashless exercise of warrants		$ 31	1,071,851	460,455			1,532,337		1,532,337
Cashless exercise of warrants (in shares)		31,195
Issuance of common stock for acquisition		$ 53	1,097,100	253,763			1,350,916		1,350,916
Issuance of common stock for acquisition (shares)		53,211
Issuance of series H preferred stock for cash	$ 3			2,999,997			3,000,000		3,000,000
Issuance of series H preferred stock for cash (in shares)	3,000
Issuance of series I preferred stock for conversion of debt	$ 1			790,346			790,347		790,347
Issuance of series I preferred stock for conversion of debt (in shares)	790
True-up rounding shares for reverse stock split		$ 11		(11)
True-up rounding shares for reverse stock split (in shares)		10,958
Noncontrolling interest								1,297,940	1,297,940
Net Income (loss)					(70,016,194)		(70,016,194)	(6,816,405)	(76,832,599)
Currency translation adjustment						(15,722)	(15,722)		(15,722)
Balance at Jul. 31, 2017	$ 4	$ 1,068	2,168,951	368,409,627	(445,720,566)	783,150	(74,357,766)	(5,518,465)	(79,876,231)
Balance (in shares) at Jul. 31, 2017	3,790	1,068,100
Cashless exercise of warrants
Net Income (loss)					21,442,282		21,442,282	(313,261)	21,129,021
Investment in subsidiary by noncontrolling interest								213,403	213,403
Currency translation adjustment						9,779	9,779		9,779
Balance at Apr. 30, 2018	$ 4	$ 1,068	$ 2,168,951	$ 368,409,627	$ (424,278,284)	$ 792,929	$ (52,905,705)	$ (5,618,323)	$ (58,524,028)
Balance (in shares) at Apr. 30, 2018	3,790	1,068,100

Unaudited Condensed Interim Co6

Unaudited Condensed Interim Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 21,129,021	$ (64,446,265)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	17,514
Common stock issued for services rendered		2,327
Loss on goodwill impairment		14,335,822
Changes in fair value of contingent purchase consideration	(23,350,122)	49,537,836
Gain on disposal of property and equipment		1,276
Amortization of debt discount		148,469
Common stock issued for make-whole payments on preferred stock
Forgiveness of debt from related party		(83,554)
Change in fair value of derivative liabilities		(709,917)
Changes in operating assets and liabilities
Accounts receivable		980
Inventory	(2,011)	(1,564)
Accounts payable and accrued expenses	673,856	592,625
Other current assets	(139,848)	88,416
Other assets		5,354
Net Cash Used in Operating Activities	(1,671,590)	(528,195)
CASH FLOWS FROM INVESTING ACTIVITIES:
Deposit on investment		(4,000,000)
Purchase of fixed assets	(8,553)
Cash received in acquisition of a business		12,363
Net cash provided in investing activities	(8,553)	(3,987,637)
CASH FLOWS FROM FINANCING ACTIVITIES
Loan proceeds from related party	145,803	982,122
Repayment of loan to related party		(14,096)
Proceeds from convertible note payable		503,879
Proceeds from issuance of preferred stock		3,000,000
Investment in subsidiary by noncontrolling interest	213,403
Proceeds from exercise of warrants		50,000
Net Cash Provided by Financing Activities	359,206	4,521,905
Net (decrease) increase in Cash and Cash Equivalents	(1,321,511)	6,073
Effects of currency translation on cash and cash equivalents	9,779	14,095
Cash and Cash Equivalents, Beginning of Period	2,879,165	16,899
Cash and Cash Equivalents, End of Period	1,567,433	37,067
Supplemental Disclosure of Cash Flow Information
Payment of note by issuance of convertible note payable		50,000
Notes payable issued for acquisition of a business	320,000
Issuance of stock options to satisfy compensation liabilities
Cashless exercise of warrants		1,532,337
Conversion of debt from related party		790,347
Common stock issued for make whole payments		167,400
Issuance of round up shares		$ 11
Shares issued for acquisition of a business		253,816
Series F Convertible Preferred Stock
Supplemental Disclosure of Cash Flow Information
Conversion of convertible preferred stock to common stock		$ 8
Series G Convertible Preferred Stock
Supplemental Disclosure of Cash Flow Information
Conversion of convertible preferred stock to common stock		$ 33

Organization of Business and Go

Organization of Business and Going Concern	9 Months Ended
	Apr. 30, 2018
Accounting Policies [Abstract]
Organization of Business and Going Concern	Note 1 – Organization of Business and Going Concern: Generex Biotechnology Corporation (“Generex” or the “Company”), was formed in the State of Delaware on September 4, 1997 and its year-end is July 31. It is engaged primarily in the research and development of drug delivery systems and the use of the Company’s proprietary technology for the administration of formulations of large molecule drugs to the oral (buccal) cavity using a hand-held aerosol applicator; and through the Company’s wholly-owned subsidiary, Antigen Express, Inc. (“Antigen”), has undertaken work on immunomedicines incorporating proprietary vaccine formulations. On January 18, 2017, the Company closed an Acquisition Agreement pursuant to which the Company acquired a 51% interest in Hema Diagnostic Systems, LLC (“HDS”), a Florida limited liability company established in December 2000 to market and distribute rapid test devices including infectious diseases. Since 2002, HDS has been developing an expanding line of rapid diagnostic tests (RDTs) including such diseases as Human Immunodeficiency Virus (HIV) – 1/2, tuberculosis, malaria, hepatitis, syphilis, typhoid and dengue as well as other infectious diseases. On December 28, 2017, the Company completed the acquisition of the assets and 100% of the membership interests of two pre-operational pharmacies, Empire State Pharmacy Holdings, LLC and Grainland Pharmacy Holdings, LLC. The accompanying unaudited condensed interim consolidated financial statements (“interim statements”) have been prepared pursuant to the rules and regulations for reporting on Form 10-Q. Accordingly, certain information and disclosures required by generally accepted accounting principles for complete consolidated financial statements are not included herein. The interim statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s latest Annual Report on Form 10-K. The Company’s accounting policies did not include Revenue Recognition in the latest Annual Report on Form 10-K. On November 29, 2017, the Company’s wholly owned subsidiary, Antigen Express, Inc. (“Antigen”), entered into a License and Research Agreement (the “License Agreement”) with Shenzhen BioScien Pharmaceuticals Co., Ltd., (“Shenzhen”). Under the License Agreement, Antigen granted Shenzhen an exclusive license (the “License”) to use Antigen’s patents, know-how, data and other intellectual property relating to Antigen’s AE37 peptide to develop and sell products for the prevention and treatment of prostate cancer in China (including Taiwan, Hong Kong and Macau). In exchange for the License, Shenzhen has agreed, inter alia • a $700,000 non-refundable initial payment; • milestone payments of $1,000,000 each upon completion of Phase II and Phase III studies; • a milestone payment of $2,000,000 upon regulatory approval of a product covered by the License; and • a 10% royalty on net sales, provided the patents are in force and there are no approved generic equivalents. Shenzhen, generally, will be responsible for conducting clinical trials, securing Chinese regulatory approvals, and marketing in China for all products developed under the Agreement. In the three and nine-month period ended April 30, 2018 the Company recognized revenue for an amount equal to $700,000 representing the non-refundable initial payment, in accordance with FASB ASC 605, Revenue Recognition. ASC 605 requires that four basic criteria are met (1) persuasive evidence of an arrangement exists, (2) delivery of products and services has occurred, (3) the fee is fixed or determinable and (4) collectability is reasonably assured. The results for the three and six-month period ended April 30, 2018 may not be indicative of the results for the entire year. The unaudited consolidated Interim Financial Statements are subject to possible adjustments in connection with the annual audit of the Company’s accounts for fiscal year 2018. In the Company’s opinion, all adjustments necessary for a fair presentation of these interim statements have been included and are of a normal and recurring nature. On March 14, 2017, the Company effected a one-for-one thousand (1:1,000) reverse stock split whereby the Company (i) decreased the number of authorized shares of Common Stock by a ratio equal to one-for-one thousand (1:1,000) (the “Reverse Split Ratio”), and (ii) correspondingly and proportionately decreased, by a ratio equal to the Reverse Split Ratio, the number of issued and outstanding shares of Common Stock (the “Reverse Stock Split”). Proportional adjustments for the reverse stock split were made to the Company's outstanding stock options, warrants and equity incentive plans for all periods presented. On August 24, 2017, the Company and Core Tech Solutions, Inc. (“Core Tech”) entered into a letter of intent (“LOI”) contemplating Company’s acquisition of a controlling interest of the outstanding capital stock of Core Tech. This LOI was terminated on December 18, 2017. Certain prior period amounts have been reclassified in the Consolidated Statement of Cash Flows for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations. Going Concern The accompanying unaudited condensed interim consolidated financial statements have been prepared in conformity with US GAAP, which contemplate continuation of the Company as a going concern. The Company has experienced negative cash flows from operations since inception and has an accumulated deficit of approximately $424 million and a working capital deficiency of approximately $23 million at April 30, 2018. The Company has funded its activities to date almost exclusively from debt and equity financings. The Company will continue to require substantial funds to pursue its extant business initiatives and to implement its new investment acquisition plans. Management’s plans in order to meet its operating cash flow requirements include financing activities such as private placements of its common stock, preferred stock offerings, and issuances of debt and convertible debt instruments. Management is also actively pursuing financial and strategic alternatives, including strategic investments and divestitures, industry collaboration activities and strategic partners. It is management’s opinion that these conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the balance sheet date. There are no assurances that such additional funding will be achieved and that the Company will succeed in its future operations. The unaudited condensed interim consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s inability to obtain required funding in the near future or its inability to obtain funding on favorable terms will have a material adverse effect on its operations and strategic development plan for future growth. If the Company cannot successfully raise additional capital and implement its strategic development plan, its liquidity, financial condition and business prospects will be materially and adversely affected, and the Company may have to cease operations.

Effects of Recent Accounting Pr

Effects of Recent Accounting Pronouncements	9 Months Ended
	Apr. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Effects of Recent Accounting Pronouncements	Note 2 - Effects of Recent Accounting Pronouncements: We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effective dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the Company’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. The FASB issued several updates on Topic 606 “Revenue from Contracts with Customers”, including: • ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” • ASU 2016-08 “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net).” • ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” • ASU 2016-11, “Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF (Emerging Issue Task Force) Meeting.” • ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients.” • ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” • ASU 2017-13, “Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840) and Leases (Topic 842). Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments.” The standards provide companies with a single model for use in accounting for revenue arising from contracts with customers that supersedes current revenue recognition guidance, including industry-specific revenue guidance. The core principle of the model is to recognize revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards transfer to the customer under the existing revenue guidance. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted, to be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The Company plans to adopt this guidance effective August 1, 2018, as required. The Company does not expect this guidance to have a significant impact on how it recognizes revenue and related expenses. The Company is evaluating the impact of this update on its consolidated financial statement disclosures. The Company expects to complete its assessments prior to adoption of the guidance. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall: Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, Leases In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing diversity in practice regarding how certain cash receipts and cash payments are presented in the statement of cash flows. The standard provides guidance on the classification of the following items: (1) debt prepayment or debt extinguishment costs, (2) settlement of zero-coupon debt instruments, (3) contingent consideration payments made after a business combination, (4) proceeds from the settlement of insurance claims, (5) proceeds from the settlement of corporate-owned life insurance policies, (6) distributions received from equity method investments, (7) beneficial interests in securitization transactions, and (8) separately identifiable cash flows. The Company is required to adopt ASU 2016-15 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017 on a retrospective basis. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adoption of ASU 2016-15 and does not expect any material impact on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” These amendments clarify the definition of a business. The amendments affect all companies and other reporting organizations that must determine whether they have acquired or sold a business. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The amendments are intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted under certain circumstances. The amendments should be applied prospectively as of the beginning of the period of adoption. The Company is currently considering early adoption and assessing the impact that this standard will have on its consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, “Compensation-Stock Compensation” (Topic 718): Scope of Modification Accounting. The amendments provide guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718 Compensation-Stock Compensation. An entity should account for the effects of a modification unless all the following are met: 1. The fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the modified award is the same as the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification. 2. The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified. 3. The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The ASU is effective for all entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period. The Company is currently assessing the impact that this standard will have on its condensed consolidated financial statements. In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features; II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-controlling Interests with a Scope Exception. Topic 480, Distinguishing Liabilities from Equity In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income

Loans from Related Parties

Loans from Related Parties	9 Months Ended
	Apr. 30, 2018
Summary of Investments, Other than Investments in Related Parties [Abstract]
Loan from Related Party	Note 3 - Loans from Related Parties On January 16, 2017, Joseph Moscato, Chief Executive Officer and director (“Moscato”), and Lawrence Salvo, then Senior Vice President and director (“Salvo”), each made unsecured $250,000, non-interest bearing, advances to the Company, $500,000 in the aggregate, which the Company paid to Emmaus Life Sciences, Inc. pursuant to the Emmaus Letter of Intent (“Emmaus LOI”). Both Moscato and Salvo made other advances ($75,820 and $82,803, respectively) to permit the Company to pay certain third-party expenses in connection with the implementation of the Company’s repurposed business plan, including legal, accounting, transfer agent, Edgarization, and press release fees. On April 27, 2017, the Company converted 100% of such advances, $658,622 in the aggregate (the “Moscato – Salvo Advances”) into 790 shares of Series I preferred stock (see Note 6). HDS received substantially all of its funding from a shareholder, who owned 98.9% of HDS prior to the acquisition of HDS by the Company. The loan is unsecured, matures on December 31, 2019 and accrued interest at 0.75% per annum through January 19, 2017, and bearing no interest thereafter. Upon acquisition of HDS by the Company (see Note 8), the outstanding principal balance was $13,239,837 and total accrued interest of $191,869. This loan is subject to a call option (Note 8) which, if exercised, the principal and accrued interest through January 18, 2017 would be eliminated. From January 19, 2017 through April 30, 2018, the loan principal increased by $644,106. As of April 30, 2018, the outstanding principal balance was $13,883,943.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Apr. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 4 - Commitments and Contingencies: Pending Litigation The Company is a defendant in one legal proceeding relating to alleged breach of contract and claims against certain of the Company’s original buccal delivery patents. The Company is also a defendant in two legal proceedings brought by a former executive officer and her affiliate. These legal proceedings have been reported in the Company’s prior periodic reports. No activity has occurred in these cases in several years, and the Company now considers them immaterial. In December 2011, a vendor of the Company commenced an action against the Company and its subsidiary, Generex Pharmaceuticals, Inc., in the Ontario Superior Court of Justice claiming damages for unpaid invoices including interest in the amount of $429,000, in addition to costs and further interest. The Company responded to this statement of claim and also asserted a counterclaim in the proceeding for $200,000 arising from the vendor’s breach of contract and detinue, together with interest and costs. On November 16, 2012, the parties agreed to settle this action and the Company has agreed to pay the plaintiff $125,000, following the spinout of its subsidiary Antigen, from the proceeds of any public or private financing related to Antigen subsequent to such spinout. Each party agreed to execute mutual releases to the claim and counterclaim to be held in trust by each party’s counsel until payment of the settlement amount. Following payment to the plaintiff, the parties agree that a Consent Dismissal Order without costs will be filed with the court. If the Company fails to make the payment following completion of any post-spinout financing related to Antigen or any other subsidiaries, the Plaintiffs may take out a judgment in the amount of the claim plus interest of 3% per annum and costs fixed at $25,000. On August 22, 2017, Generex received a letter from counsel for Three Brothers Trading LLC, d/b/a Alternative Execution Group (“AEXG”), claiming breach of a Memorandum of Understanding (“MOU”) between Generex and AEXG. The MOU related to AEXG referring potential financing candidate to Generex. The letter from AEXG counsel claimed that Generex’s acceptance of $3,000,000 in financing from Pharma Trials, LLC, in March 2017, violated the provisions of the MOU prohibiting Generex from seeking other financing, with certain exceptions, for a period of 60 days after execution of the MOU. AEXG has demanded at least $210,000 in cash and 84,000 warrants for Generex stock convertible at $2.50 per share, for attorney’s fees and costs. On November 27, 2017, AEXG filed a demand for arbitration with the American Arbitration Association’s International Centre for Dispute Resolution. The Company has filed a response, and the parties are engaged in discovery. A hearing with the arbitrator is scheduled for June 28, 2018. Generex management believes the Pharma Trials, LLC Financing was not subject to the prohibitions because the representative of Pharma Trials, LLC was a director of Generex, and for other reasons. No provisions have been made for these claims. With respect to all litigation, as additional information concerning the estimates used by the Company becomes known, the Company reassesses its position both with respect to accrued liabilities and other potential exposures.

Net (Loss) _ Income Per Share (

Net (Loss) / Income Per Share (“EPS”)	9 Months Ended
	Apr. 30, 2018
Accounting Policies [Abstract]
Net Income (Loss) Per Share (EPS)	Note 5 - Net Income / Income Per Share (“EPS”): Basic income per share is calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted income per share is calculated by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period and, when dilutive, potential shares from stock options and warrants to purchase common stock, using the treasury stock method. Common stock equivalents are included in the diluted income per share calculation only when option exercise prices are lower than the average market price of the common shares for the period presented. The weighted average number of common stock equivalents not included in diluted income per share, because the effects are anti-dilutive, was 850 for the three months ended April 30, 2018. The weighted average number of common stock equivalents not included in diluted income per share, because the effects are anti-dilutive, was 850 for the nine months ended April 30, 2018. For the three and nine-month periods ended April 30, 2017 all outstanding stock options, non-vested restricted stock, warrants and common stock underlying convertible preferred stock, representing 1,603,125 incremental shares at April 30, 2017, have been excluded from the computation of diluted EPS as they are anti-dilutive. Three Months Ended April 30, Nine Months Ended April 30, 2018 2017 2018 2017 Weighted average number of common shares outstanding - Basic $ 1,068,100 1,056,343 $ 1,068,100 960,054 Potentially dilutive common stock equivalents 1,524,616 1,603,125 1,524,616 1,603,125 Weighted average number of common and equivalent shares outstanding-Diluted $ 2,592,716 2,659,468 $ 2,592,716 2,563,179

Stockholders' Deficiency

Stockholders' Deficiency	9 Months Ended
	Apr. 30, 2018
Equity [Abstract]
Stockholders' Deficiency	Note 6 - Stockholders’ Deficiency: Common Stock On January 18, 2017, the Company issued 53,211 shares of common stock for the acquisition of 51% of HDS and is obligated to issue 230,000 shares of common stock upon the conclusion of the Company’s reverse stock split. As of April 30, 2018, the shares have yet to be issued. During January 2017, the Company issued 8,000 shares of common stock for the conversion of 120 shares of Series F convertible preferred stock, plus 4,235 shares for the related make-whole payments issued to convert the accumulated dividend payable. During January 2017, the Company issued 10,000 shares of common stock for the conversion of 150 shares of Series G convertible preferred stock, plus 4,688 shares for the related make-whole payments issued to convert the accumulated dividend payable. During February 2017, the Company issued 23,333 shares of common stock for the conversion of 350 shares of Series G convertible preferred stock, plus 10,606 shares for the related make-whole payments issued to convert the accumulated dividend payable. On February 9, 2017, the Company offered all current warrant holders an option to exercise immediately all outstanding common stock purchase warrants on a cashless basis at a reduced exercise price of $7.40 per share from $15.00 per share. The Company agreed to issue a total of 103,809 shares of common stock in connection with the exercise of 314,649 warrants in connection with the following outstanding warrants: Warrants Exercised Shares Agreed to be Issued Series C 9% Convertible Preferred Stock 10,000 3,299 Series D 9% Convertible Preferred Stock 16,649 5,492 Series E 9% Convertible Preferred Stock 119,667 39,481 Series F 9% Convertible Preferred Stock 138,333 45,639 Series G 9% Convertible Preferred Stock 30,000 9,898 314,649 103,809 As of the date of this filing, 31,195 shares have been issued and 72,614 shares remain to be issued resulting in additional common stock payable $1,071,851 as of April 30, 2018. Warrants As of April 30, 2018 and July 31, 2017, there are no warrants issued or outstanding. Series A, B, C, D, E, F, and G 9% Convertible Preferred Stock All of the Company’s Series A, B, C, D and E 9% Convertible Preferred Stocks were converted prior to the beginning of the Company’s 2017 fiscal year. All of the Company’s Series F and G 9% Convertible Preferred Stocks were converted prior to the beginning of the Company’s 2018 fiscal year. Series H and Series I Convertible Preferred Stock The Company has authorized 109,000 shares of designated non-voting Series H Convertible Preferred Stock with a stated value of $1,000 per share and authorized 6,000 shares of designated non-voting Series I Convertible Preferred Stock with a stated value of $1,000 per share pursuant to the Purchase Agreement dated March 27, 2017. The Series H Preferred Stock was scheduled to be sold in four tranches to the Purchaser. Under the Securities Purchase Agreement, in the event the Purchaser failed to purchase 100% of the shares of Preferred Stock at any given Closing, the Company can decline to sell any further securities to the Purchaser (the “Purchase Agreement”). The Series H and Series I Convertible Preferred Stock are convertible at the option of the holder at any time into shares of the Company’s common stock at an effective conversion price of $2.50 per share. An aggregate of 46,000,000 shares of the Company’s common stock would be issuable upon conversion of both the Series H and Series I Preferred Stock if all shares of such preferred stock contemplated by the securities purchase agreement are issued. Neither Series H nor Series I Convertible Preferred Stock have special dividend rights. If the Company pays dividends on its common stock, the holders of the preferred stock will receive dividends in the amount they would have received had they converted the preferred stock to common stock. At closing of the first tranche on March 28, 2017, the Company issued 3,000 shares of Series H Preferred Stock for a purchase price of $3,000,000. The proceeds of this sale were paid directly on the Company’s behalf to Emmaus as an additional deposit under the Company’s Emmaus LOI. The full amount of such proceeds were repaid to the Company in July 2017 upon termination of the Emmaus LOI. As of April 30, 2018, an aggregate of 1,200,000 shares of the Company’s common stock are issuable upon conversion of the Series H Preferred Stock sold. On April 17, 2017, the Purchaser failed to close the sale of Series I Preferred Stock despite the Company being ready, willing and able to proceed and the Company terminated the Purchaser’s rights on April 23, 2017. Under the Securities Purchase Agreement, in the event the Purchaser fails to purchase 100% of the shares of Preferred Stock, the Company can decline to sell any further securities to the Purchaser. On April 23, 2017, the Company notified the Purchaser in writing that its rights to purchase additional shares were forfeit. Conversion of Debt to Officers into Series I Preferred Stock On April 27, 2017, the Company converted the “Moscato – Salvo Advances” (Note 3) after applying a 20% original issue discount, the same as the original issue discount negotiated at arm’s length with Alpha on March 6, 2017. Moscato converted $390,984 (including $65,164 original issue discount) into 391 shares of Series I Convertible Preferred Stock. Salvo converted $399,363 (including $66,560 original issue discount) into 399 shares of Series I Convertible Preferred Stock. Noncontrolling Interest During the nine months ended in April 30, 2018, there was a net loss attributable to the non-controlling interest (49%) in HDS of $313,261 and contributions made of $213,404. The net change in the non-controlling interest as of April 30, 2018 was $99,858. For the periods ending April 30, 2018 and July 31, 2017, the non-controlling interest in HDS was $5,618,323 and $5,518,465, respectively.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Apr. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Note 7 - Stock-Based Compensation Stock Option Plans As of April 30, 2018, the Company had two stockholder-approved stock incentive plans under which shares and options exercisable for shares of common stock have been or may be granted to employees, directors, consultants and advisors. A total of 12,000 shares of common stock are reserved for issuance under the 2001 Stock Option Plan (the 2001 Plan) and 135,000 shares of common stock are reserved for issuance under the 2006 Stock Plan as amended (the 2006 Plan). At April 30, 2018, there were 4,139 and 64,485 shares of common stock reserved for future awards under the 2001 Plan and 2006 Plan, respectively. The Company issues new shares of common stock from the shares reserved under the respective Plans upon conversion or exercise of options and issuance of restricted shares. The 2001 and 2006 Plans (the Plans) are administered by the Board of Directors (the Board). The Board is authorized to select from among eligible employees, directors, advisors and consultants those individuals to whom options are to be granted and to determine the number of shares to be subject to, and the terms and conditions of the options. The Board is also authorized to prescribe, amend and rescind terms relating to options granted under the Plans. Generally, the interpretation and construction of any provision of the Plans or any options granted hereunder is within the discretion of the Board. The Plans provide that options may or may not be Incentive Stock Options (ISOs) within the meaning of Section 422 of the Internal Revenue Code. Only employees of the Company are eligible to receive ISOs, while employees and non-employee directors, advisors and consultants are eligible to receive options which are not ISOs, i.e. “Non-Qualified Options.” The options granted by the Board in connection with its adoption of the Plans were Non-Qualified Options. In addition, the 2006 Plan also provides for restricted stock grants. The fair value of each option granted is estimated on the grant date using the Black-Scholes option pricing model or the value of the services provided, whichever is more readily determinable. The Black-Scholes option pricing model takes into account, as of the grant date, the exercise price and expected life of the option, the current price of the underlying stock and its expected volatility, expected dividends on the stock and the risk-free interest rate for the term of the option. The Black-Scholes option pricing model was not used to estimate the fair value of any option grants in the nine months ended April 30, 2018 and 2017. The following is a summary of the common stock options granted, forfeited or expired and exercised under the Plan: Options Weighted Average Exercise Price per Share Outstanding - July 31, 2017 18,095 $ 31.02 Granted — — Forfeited or expired (4,730 ) 1.00 Exercised — — Outstanding - April 30, 2018 13,365 $ 41.64 The 13,365 outstanding options at April 30, 2018 had a weighted average remaining contractual term of 0.4 years. There were no non-vested common stock options granted, vested or forfeited under the Plan for the period ended April 30, 2018. As of April 30, 2018, the Company did not have any unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Plan. The Company did not grant any options during the nine months ended April 30, 2018, or for the year ended July 31, 2017. The following table summarizes information on stock options outstanding at April 30, 2018: Options Outstanding and Options Exercisable Range of Exercise Price Number Outstanding at April 30, 2018 Weighted Average Exercise Price Weighted Average Remaining Life (Years) Aggregate Intrinsic Value $ 1.00 12,515 $ 1.00 0.43 24,404 $ 640.00 850 $ 640.00 1.86 — 13,365 $ 41.64 0.52 $ 24,404

Acquisition of Hema Diagnostics

Acquisition of Hema Diagnostics Systems, LLC	9 Months Ended
	Apr. 30, 2018
Business Combinations [Abstract]
Acquisition of Hema Diagnostics Systems, LLC	Note 8 - Acquisition of Hema Diagnostics Systems, LLC: On January 18, 2017, the Company acquired a 51% interest in HDS, pursuant to the Acquisition Agreement. At closing, the Company acquired 4,950 of HDS’s 10,000 previously outstanding limited liability company units in exchange for 53,191 shares of Generex common stock valued at $253,721, plus 20 shares of Generex common stock issued to HDS in exchange for 300 new limited liability company units. The Acquisition Agreement also provides the Company with a call option to acquire the remaining 49% of HDS and a retirement of HDS shareholder loans in the amount of $13,431,706 (including interest) (the “Call Option”) for the aggregate purchase price of $1. Following the closing and the completion of Company’s reverse stock split, the Company is required to issue a further 230,000 shares of common stock and issue a warrant to a former shareholder of HDS to acquire 15,000,000 additional shares of Generex common stock for $2.50 per share. The issue of this warrant is contingent upon the Company obtaining approval from its shareholders for an increase in its authorized share capital. The total consideration was valued at $1,350,916 on the date of the acquisition. Fair Value of the HDS Assets The intangibles assets acquired include In–Process Research & Development (“IPR&D”). The Fair Value of the IPR&D intangible asset using an Asset Cost Accumulation methodology as of January 18, 2017 (the “Valuation Date”) was determined to be $2,911,377. The net purchase price of HDS was determined to be as follows: Stock Price at Closing Shares Fair Value Purchase price: Common Stock at closing $ 4.77 53,191 $ 253,721 Common Stock after closing $ 4.77 20 95 Common Stock post reverse stock split $ 4.77 230,000 1,097,100 Total purchase price $ 1,350,916 As of January 18, 2017, the issue of the warrant to acquire 15,000,000 additional common shares of Generex was contingent upon shareholder approval of an increase in the Company’s authorized capital stock. No warrant has been issued by the Company until such time that an increase in authorized capital has been approved. At the time of closing, Management determined that is was remote that the warrant would be issued and the Call Option would be exercised, accordingly no values have been attributed to the warrant and Call Option at closing. During the fiscal year 2017, after the issuance of Series I Preferred Stock, management made a redetermination and concluded that it was probable that the shareholder approval to increase authorized share capital would be obtained and the Call Option will be exercised. Accordingly, management recorded the fair value of the warrant of $66,060,026 as a liability and the Call Option of $4,237,829 as an asset as of July 31, 2017. During the fiscal year 2018, there was an increase in authorized shares, but the warrants still have not been issued. As of April 30, 2018, the fair value of the warrant and Call Option was $41,229,890 and $2,757,815, respectively. For the three months ended April 30, 2018, the change in the fair value of the contingent purchase consideration of $4,573,493 was recorded as a loss in the condensed interim consolidated statements of operations and comprehensive income (loss). For the nine months ended April 30, 2018, the change in the fair value of the contingent purchase consideration of $23,350,122 was recorded as a gain in the condensed interim consolidated statements of operations and comprehensive income (loss). Fair Value Assumptions Used in Accounting for Warrants The Company used the Black-Scholes option-pricing model to calculate the fair value of the warrants as of April 30, 2018. The Black-Scholes option-pricing model requires six basic data inputs: the exercise or strike price, time to expiration, the risk-free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. The key inputs used in the fair value calculations were as follows: April 30, 2018 July 31, 2017 Exercise price $ 2.50 2.50 Time to expiration 3.72 years 4.47 years Risk-free interest rate 2.62 % 1.84 % Estimated volatility 182.67 % 122.7 % Dividend — — Stock price at valuation date $ 2.95 5.05 Fair Value Assumptions Used in Accounting for Call Option The Company used the Monte Carlo model to calculate the fair value of the call option as of April 30, 2018. The valuations are based on assumptions as of the valuation date with regard to the value of the asset acquired net of impairment, the risk-free interest rate, the estimated volatility of the stock price in the future, the time to expiration and the stock price at the date of valuation. The following assumptions were used in estimating the value of the Call Option: April 30, 2018 July 31, 2017 Risk-free interest rate 2.10 % 1.34 % Estimated volatility 133.4 % 143.9 % Remaining Term 1.71 2.47 Stock price at valuation date $ 2.95 5.05 Goodwill and Intangible Assets The change in the carrying amount of goodwill and other intangible assets for the period ended April 30, 2018, is as follows: Other Intangibles, net Goodwill Total Balance as of July 31, 2017 $ 2,911,377 $ — $ 2,911,377 Current period amortization — — — Additions from pharmacy acquisition 276,380 276,380 Balance as of April 30, 2018 $ 3,187,757 $ — $ 3,187,757 Intangible assets are generally amortized on a straight-line basis over the useful lives of the assets. The Company is currently not amortizing the in-process research and development until it becomes commercially viable and placed in service. At the time when the intangible assets are placed in service the Company will determine a useful life. Goodwill for HDS was valued at $14.3 million as of the date of acquisition. It was later determined that the value of goodwill was $13.4 million due to the change in estimates of in-process research and development. Goodwill represents the excess of the purchase price over the fair market value of net assets acquired. Goodwill for HDS was $14.3 million as of the date of the acquisition. When the acquisition transaction closed in January 2017, HDS was a development-stage entity and its liabilities exceeded the aggregate value of its assets. Utilizing discounted cash flow (DCF) valuation methodology, Generex determined that HDS has forecasted losses throughout the reasonably foreseeable future with a nominal terminal value. In addition, there was a high degree of uncertainty as to the future cash flows of HDS. Therefore, the Company concluded that the implied goodwill arising out of the acquisition was zero and should be properly characterized as fully impaired as of July 31, 2017.

Acquisition of Pharmacies

Acquisition of Pharmacies	9 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Acquisition of Pharmacies	Note 9 - Acquisition of Pharmacies On December 28, 2017, the Company completed the acquisition of the assets and 100% of the membership interests of two pre-operational pharmacies, Empire State Pharmacy Holdings, LLC and Grainland Pharmacy Holdings, LLC, pursuant to the bills of sale for a consideration of $320,000 Promissory Note due and payable in full on June 28, 2018 bearing an annual interest rate of 3%. The purchase price has been allocated as of the acquisition date based on management’s preliminary estimates as follows: Intangible assets $ 276,380 Property and Equipment 19,879 Leasehold Improvements 17,761 Computer Software 5,980 Total Assets Acquired $ 320,000 The intangible assets represent the licenses obtained to operate a pharmacy in the respective state of each of the acquired pharmacies. Intangible assets are generally amortized on a straight-line basis over the useful lives of the assets. The Company is currently not amortizing the pharmacy license until the pharmacies becomes commercially viable and operations begin in the acquired pharmacies. At the time, when the intangible assets are placed in service, the Company will determine a useful life. The Company has determined that the acquisition of the two pharmacies was a non-material business combination. As such, pro forma disclosures are not required and are not presented within this filing.

Subsequent Events

Subsequent Events	9 Months Ended
	Apr. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 10 - Subsequent Events: The Company has evaluated subsequent events occurring after the balance sheet date through the date the unaudited condensed interim consolidated financial statements were issued.

Net (Loss) _ Income Per Share17

Net (Loss) / Income Per Share (“EPS”) (Tables)	9 Months Ended
	Apr. 30, 2018
Accounting Policies [Abstract]
Computation of diluted EPS	Three Months Ended April 30, Nine Months Ended April 30, 2018 2017 2018 2017 Weighted average number of common shares outstanding - Basic $ 1,068,100 1,056,343 $ 1,068,100 960,054 Potentially dilutive common stock equivalents 1,524,616 1,603,125 1,524,616 1,603,125 Weighted average number of common and equivalent shares outstanding-Diluted $ 2,592,716 2,659,468 $ 2,592,716 2,563,179

Stockholders' Deficiency (Table

Stockholders' Deficiency (Tables)	9 Months Ended
	Apr. 30, 2018
Equity [Abstract]
Schedule of warrants exercised	Warrants Exercised Shares Agreed to be Issued Series C 9% Convertible Preferred Stock 10,000 3,299 Series D 9% Convertible Preferred Stock 16,649 5,492 Series E 9% Convertible Preferred Stock 119,667 39,481 Series F 9% Convertible Preferred Stock 138,333 45,639 Series G 9% Convertible Preferred Stock 30,000 9,898 314,649 103,809

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Apr. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Common stock options granted, forfeited or expired and exercised	The following is a summary of the common stock options granted, forfeited or expired and exercised under the Plan: Options Weighted Average Exercise Price per Share Outstanding - July 31, 2017 18,095 $ 31.02 Granted — — Forfeited or expired (4,730 ) 1.00 Exercised — — Outstanding - April 30, 2018 13,365 $ 41.64
Information on stock options outstanding	The following table summarizes information on stock options outstanding at April 30, 2018: Options Outstanding and Options Exercisable Range of Exercise Price Number Outstanding at April 30, 2018 Weighted Average Exercise Price Weighted Average Remaining Life (Years) Aggregate Intrinsic Value $ 1.00 12,515 $ 1.00 0.43 24,404 $ 640.00 850 $ 640.00 1.86 — 13,365 $ 41.64 0.52 $ 24,404

Acquisition of Hema Diagnosti20

Acquisition of Hema Diagnostics Systems, LLC (Tables)	9 Months Ended
	Apr. 30, 2018
Business Combinations [Abstract]
Net purchase price of HDS	The net purchase price of HDS was determined to be as follows: Stock Price at Closing Shares Fair Value Purchase price: Common Stock at closing $ 4.77 53,191 $ 253,721 Common Stock after closing $ 4.77 20 95 Common Stock post reverse stock split $ 4.77 230,000 1,097,100 Total purchase price $ 1,350,916
Fair Value Assumptions Used in Accounting for Warrants	The key inputs used in the fair value calculations were as follows: April 30, 2018 July 31, 2017 Exercise price $ 2.50 2.50 Time to expiration 3.72 years 4.47 years Risk-free interest rate 2.62 % 1.84 % Estimated volatility 182.67 % 122.7 % Dividend — — Stock price at valuation date $ 2.95 5.05
Fair Value Assumptions Used in Accounting for Call Options	The following assumptions were used in estimating the value of the Call Option: April 30, 2018 July 31, 2017 Risk-free interest rate 2.10 % 1.34 % Estimated volatility 133.4 % 143.9 % Remaining Term 1.71 2.47 Stock price at valuation date $ 2.95 5.05
Carrying amount of goodwill and other intangible assets	The change in the carrying amount of goodwill and other intangible assets for the period ended April 30, 2018, is as follows: Other Intangibles, net Goodwill Total Balance as of July 31, 2017 $ 2,911,377 $ — $ 2,911,377 Current period amortization — — — Additions from pharmacy acquisition 276,380 276,380 Balance as of April 30, 2018 $ 3,187,757 $ — $ 3,187,757

Acquisition of Pharmacies (Tabl

Acquisition of Pharmacies (Tables)	9 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Purchase price allocated as of acquisition date	The purchase price has been allocated as of the acquisition date based on management’s preliminary estimates as follows: Intangible assets $ 276,380 Property and Equipment 19,879 Leasehold Improvements 17,761 Computer Software 5,980 Total Assets Acquired $ 320,000

Organization of Business and 22

Organization of Business and Going Concern (Details Narrative)	Mar. 14, 2017	Apr. 30, 2018USD ($)	Jan. 18, 2017
Reverse stock split ratio	0.001
Accumulated deficit		$ 424,000,000
Working capital deficiency		23,000,000
Non-refundable initial payment		$ 700,000
License and Research Agreement terms		In exchange for the License, Shenzhen has agreed, inter alia • a $700,000 non-refundable initial payment; • milestone payments of $1,000,000 each upon completion of Phase II and Phase III studies; • a milestone payment of $2,000,000 upon regulatory approval of a product covered by the License; and • a 10% royalty on net sales, provided the patents are in force and there are no approved generic equivalents.
Hema Diagnostic Systems, LLC
Majority interest			51.00%

Loan from Related Parties (Deta

Loan from Related Parties (Details Narrative) - USD ($)	Apr. 27, 2017	Apr. 30, 2018	Apr. 30, 2018	Apr. 30, 2017	Jan. 16, 2017
Paid to Emmaus Life Sciences, Inc					$ 500,000
Conversion of debt into preferred stock	$ 658,622
Outstanding balance		$ 13,883,943	$ 13,883,943
Increase in loan payable		$ 145,803		$ 982,122
Hema Diagnostic Systems, LLC
Interest rate		0.75%	0.75%
Outstanding balance		$ 13,239,837	$ 13,239,837
Accrued interest		191,869	191,869
Increase in loan payable			644,106
Salvo
Unsecured advance		82,803	82,803		250,000
Moscato
Unsecured advance		$ 75,820	$ 75,820		$ 250,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 22, 2017	Nov. 16, 2012	Jul. 31, 2012	Jul. 31, 2011
Commitments and Contingencies, Description	The letter from AEXG counsel claimed that Generex’s acceptance of $3,000,000 in financing from Pharma Trials, LLC, in March 2017, violated the provisions of the MOU prohibiting Generex from seeking other financing, with certain exceptions, for a period of 60 days after execution of the MOU. AEXG has demanded at least $210,000 in cash and 84,000 warrants for Generex stock convertible at $2.50 per share, for attorney’s fees and costs.
Damages for Unpaid Invoices
Value of damages sought			$ 429,000
Lawsuit filing date			31-Dec-11
Name of Plaintiff			Vendor
Settlement of litigation		$ 125,000
Interest per annum, failure to pay settlement			3.00%
Fixed cost per annum, failure to pay settlement			$ 25,000
Punitive Damages
Value of damages sought				$ 50,000
Breach of contract and detinue
Counterclaim proceeding				$ 200,000

Net (Loss) _ Income Per Share25

Net (Loss) / Income Per Share (“EPS”) - Computation of diluted EPS (Details) - shares	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Accounting Policies [Abstract]
Weighted average number of common shares outstanding - Basic	1,068,100	1,056,343	1,068,100	960,054
Potentially dilutive common stock equivalents	1,524,616	1,603,125	1,524,616	1,603,125
Weighted average number of common and equivalent shares outstanding-Diluted	2,592,716	2,659,468	2,592,716	2,563,179

Net (Loss)_ Income Per Share (_

Net (Loss)/ Income Per Share (“EPS”) (Details Narrative) - shares	3 Months Ended	9 Months Ended
	Apr. 30, 2018	Apr. 30, 2018	Apr. 30, 2017
Accounting Policies [Abstract]
Weighted average number of common stock equivalents not included in diluted income per share	850	850
Incremental shares			1,603,125

Stockholders' Deficiency - Sche

Stockholders' Deficiency - Schedule of Warrants Exercised (Details)	9 Months Ended
	Apr. 30, 2018shares
Warrants exercised	314,649
Shares Agreed to be Issued	103,809
Series C Convertible Preferred Stock
Warrants exercised	10,000
Shares Agreed to be Issued	3,299
Series D Convertible Preferred Stock
Warrants exercised	16,649
Shares Agreed to be Issued	5,492
Series E Convertible Preferred Stock
Warrants exercised	119,667
Shares Agreed to be Issued	39,481
Series F Convertible Preferred Stock
Warrants exercised	138,333
Shares Agreed to be Issued	45,639
Series G Convertible Preferred Stock
Warrants exercised	30,000
Shares Agreed to be Issued	9,898

Stockholders' Deficiency (Detai

Stockholders' Deficiency (Details Narrative) - USD ($)		Apr. 27, 2017	Apr. 30, 2018		Apr. 30, 2017	Apr. 30, 2018		Apr. 30, 2017	Apr. 27, 2017	Jul. 31, 2017		Mar. 27, 2017	Feb. 28, 2017	Feb. 09, 2017	Jan. 18, 2017
Common stock issued			1,068,101			1,068,101				1,068,101				103,809	53,211
Acquisition in HDS															51.00%
Shares of common stock, obligated to issue															230,000
Common stock purchase warrants, exercise price														$ 7.40
Common stock payable			$ 1,071,851			$ 1,071,851
Warrants exercised														314,649
Warrants, exercise price						$ 15
Convertible preferred stock shares issued value
Conversion of stock, amount converted		$ 658,622
Net (loss) attributable to noncontrolling interests			(103,794)		$ (7,132,015)	(313,261)		$ (7,159,298)
Investment in subsidiary by noncontrolling interest						213,403
Net change in non-controlling interest						99,858
Non-controlling interest			$ (5,618,323)			$ (5,618,323)				$ (5,518,465)
Series I Convertible Preferred Stock
Convertible preferred stock, shares authorized			6,000			6,000				6,000
Convertible preferred stock, cumulative percentage of interest			9.00%			9.00%
Convertible preferred stock, par value (in dollars per share)			$ 0.001			$ 0.001				$ 0.001
Convertible preferred stock, shares issued			790			790				790
Convertible preferred stock shares issued value	[1]		$ 1			$ 1				$ 1
Convertible preferred stock, conversion terms						The Series H and Series I Convertible Preferred Stock are convertible at the option of the holder at any time into shares of the Company’s common stock at an effective conversion price of $2.50 per share. An aggregate of 46,000,000 shares of the Company’s common stock would be issuable upon conversion of both the Series H and Series I Preferred Stock if all shares of such preferred stock contemplated by the securities purchase agreement are issued. The Series I Preferred Stock have a special one-time voting rights that provide at the first meeting of the Corporation’s stockholders following the initial issuance of the Preferred Stock, and all adjournments of such meeting, the Preferred Stock shall be entitled to vote on (i) the election of individuals to serve as members of the Board of Directors, and (ii) any proposal to increase the authorized number of shares of Common Stock. The Preferred Stock, as a class, shall be entitled to cast a number of votes on such proposal equal to fifty percent (50%) of the total number of votes entitled to be cast at such meeting (determined as of the record date for such meeting) by all other outstanding shares of the Corporation’s capital stock. Each share of Preferred Stock shall be entitled to cast a number of votes equal to the aggregate number determined pursuant to the last sentence divided by one thousand (1,000).
Series H Convertible Preferred Stock
Convertible preferred stock, shares authorized			109,000			109,000				109,000
Convertible preferred stock, cumulative percentage of interest			9.00%			9.00%
Convertible preferred stock, par value (in dollars per share)			$ .001			$ .001				$ 0.001		$ 1,000
Convertible preferred stock, shares issued			3,000			3,000				3,000		3,000
Convertible preferred stock shares issued value			$ 3	[2]		$ 3	[2]			$ 3	[2]	$ 3,000,000
Convertible preferred stock, conversion terms						The Series H and Series I Convertible Preferred Stock are convertible at the option of the holder at any time into shares of the Company’s common stock at an effective conversion price of $2.50 per share. An aggregate of 46,000,000 shares of the Company’s common stock would be issuable upon conversion of both the Series H and Series I Preferred Stock if all shares of such preferred stock contemplated by the securities purchase agreement are issued.
Common shares attributable to conversion of preferred stock						1,200,000
Series G Convertible Preferred Stock
Convertible preferred stock, shares authorized			1,000			1,000				1,000
Convertible preferred stock, par value (in dollars per share)			$ 1,000			$ 1,000				$ 1,000
Convertible preferred stock, shares issued			0			0				0
Convertible preferred stock shares issued value	[3]
Series F Convertible Preferred Stock
Convertible preferred stock, shares authorized			4,150			4,150				4,150
Convertible preferred stock, par value (in dollars per share)			$ 1,000			$ 1,000				$ 1,000
Convertible preferred stock, shares issued			0			0				0
Convertible preferred stock shares issued value	[4]
Salvo
Issue discount		66,560							$ 66,560
Salvo | Series I Convertible Preferred Stock
Conversion of stock, amount converted									399
Idebtedness retired									399,363
Moscato
Issue discount		$ 65,164							65,164
Moscato | Series I Convertible Preferred Stock
Conversion of stock, amount converted									391
Idebtedness retired									$ 390,984
Shares Issued
Common stock issued			31,195			31,195
Remain To Be Issued
Common stock issued			72,614			72,614
Series G Convertible Preferred Stock
Common stock issued upon conversion of preferred stock					10,000			10,000					23,333
Converted stock amount, payment to holder					$ 150			$ 150					$ 350
Common stock issued as "make-whole payments" on conversions of preferred stock					4,688			4,688					10,606
Series F Convertible Preferred Stock
Common stock issued upon conversion of preferred stock					8,000			8,000
Converted stock amount, payment to holder					$ 120			$ 120
Common stock issued as "make-whole payments" on conversions of preferred stock					4,235			4,235
Warrant
Common stock issued			103,809			103,809
Warrants Outstanding			0			0
Warrants exercised			3,333			3,333
Warrants issued on cashless basis			314,649			314,649
[1]	Series I Convertible Preferred Stock, $.001 par value; authorized 6,000 shares, 790 and 790 issued shares at April 30, 2018 and July 31, 2017, respectively
[2]	Series H Convertible Preferred Stock, $.001 par value; authorized 109,000 shares, 3,000 and 3,000 issued shares at April 30, 2018 and July 31, 2017, respectively
[3]	Series G 9% Convertible Preferred Stock, $1,000 par value; authorized 1,000 shares, -0- and -0- issued shares at April 30, 2018 and July 31, 2017, respectively
[4]	Series F 9% Convertible Preferred Stock, $1,000 par value; authorized 4,150 shares, -0- and -0- issued shares at April 30, 2018 and July 31, 2017, respectively

Stock-Based Compensation - Comm

Stock-Based Compensation - Common stock options granted, forfeited or expired and exercised (Details)	9 Months Ended
	Apr. 30, 2018$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options Outstanding, Beginning | shares	18,095
Options Granted | shares
Options Forfeited or expired | shares	(4,730)
Options Exercised | shares
Options Outstanding, End | shares	13,365
Weighted Average Exercise Price per Share, Beginning | $ / shares	$ 31.02
Weighted Average Exercise Price per Share, Granted | $ / shares
Weighted Average Exercise Price per Share, Forfeited or expired | $ / shares	1
Weighted Average Exercise Price per Share, Exercised | $ / shares
Weighted Average Exercise Price per Share, End | $ / shares	$ 41.64

Stock-Based Compensation - Info

Stock-Based Compensation - Information on stock options outstanding (Details) - USD ($)	9 Months Ended
	Apr. 30, 2018	Jul. 31, 2017
Options Outstanding	13,365	18,095
Weighted Average Exercise Price per Share	$ 41.64	$ 31.02
Options Weighted Average Remaining Life (Years)	6 months 7 days
Options Aggregate Intrinsic Value	$ 24,404
Exercise Price 1
Options Range of Exercise Price	$ 1
Options Range of Exercise Price	$ 1
Options Outstanding	12,515
Weighted Average Exercise Price per Share	$ 1
Options Weighted Average Remaining Life (Years)	5 months 5 days
Options Aggregate Intrinsic Value	$ 24,404
Exercise Price 640
Options Range of Exercise Price	$ 640
Options Range of Exercise Price	$ 640
Options Outstanding	850
Weighted Average Exercise Price per Share	$ 640
Options Weighted Average Remaining Life (Years)	1 year 10 months 10 days
Options Aggregate Intrinsic Value

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - shares	9 Months Ended
	Apr. 30, 2018	Jul. 31, 2017
Outstanding options	13,365	18,095
Stock Options
Outstanding options	13,365
Outstanding options, weighted average remaining contractual term	4 months 24 days
Stock Option Plan 2001
Common stock reserved for future issuance	12,000
Common stock reserved for future awards	4,139
Stock Option Plan 2006
Common stock reserved for future issuance	135,000
Common stock reserved for future awards	64,485

Acquisition of Hema Diagnosti32

Acquisition of Hema Diagnostics Systems, LLC - Net purchase price of HDS (Details) - USD ($)	6 Months Ended
	Jan. 18, 2017	Apr. 30, 2018	Jul. 31, 2017	Feb. 09, 2017
Purchase price:
Shares	53,211	1,068,101	1,068,101	103,809
At Closing
Purchase price:
Stock Price at Closing	$ 4.77
Shares	53,191
Fair Value	$ 253,721
After Closing
Purchase price:
Stock Price at Closing	$ 4.77
Shares	20
Fair Value	$ 95
Post Reverse Stock Split
Purchase price:
Stock Price at Closing	$ 4.77
Shares	230,000
Fair Value	$ 1,097,100
Net Purchase Price
Purchase price:
Fair Value	$ 1,350,916

Fair Value Assumptions Used in

Fair Value Assumptions Used in Accounting for Warrants (Details) - Warrant - $ / shares	9 Months Ended	12 Months Ended
	Apr. 30, 2018	Jul. 31, 2017
Exercise price	$ 2.50	$ 2.50
Time to expiration	3 years 8 months 19 days	4 years 5 months 20 days
Risk-free interest rate	2.62%	1.84%
Estimated volatility	182.67%	122.70%
Dividend
Stock price at period end date	$ 2.95	$ 5.05

Fair Value Assumptions Used i34

Fair Value Assumptions Used in Accounting for Call Options (Details) - Call Option - $ / shares	9 Months Ended	12 Months Ended
	Apr. 30, 2018	Jul. 31, 2017
Risk-free interest rate	2.10%	1.34%
Estimated volatility	133.40%	143.90%
Remaining Term	1 year 8 months 16 days	2 years 5 months 20 days
Stock price at valuation date	$ 2.95	$ 5.05

Acquisition of Hema Diagnosti35

Acquisition of Hema Diagnostics Systems, LLC - Carrying amount of goodwill and other intangible assets (Details)	9 Months Ended
	Apr. 30, 2018USD ($)
Other Intangibles, net
Beginning balance	$ 2,911,377
Current year amortization
Additions from pharmacy acquisition	276,380
Ending balance	3,187,757
Goodwill
Beginning balance
Current year amortization
Additions from pharmacy acquisition
Ending balance
Total
Beginning balance	2,911,377
Current year amortization
Additions from pharmacy acquisition	276,380
Ending balance	$ 3,187,757

Acquisition of Hema Diagnosti36

Acquisition of Hema Diagnostics Systems, LLC (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Jan. 18, 2017	Apr. 30, 2018	Apr. 30, 2017	Jul. 31, 2017	Feb. 09, 2017
Business Combinations [Abstract]
Acquisition of interest			51.00%
Acquisition of outstanding limited liability company units			4,950
Shares exchanged for outstanding limited liability units			53,191
Value of shares exchanged for outstanding limited liability units			$ 253,721
Common stock issued	1,068,101		53,211	1,068,101		1,068,101	103,809
Limited liability company units receied			300
Warrants to be issued	$ 41,229,890			$ 41,229,890		$ 66,060,026
Call Option			$ 13,431,706
Call option recorded as an asset	2,757,815			2,757,815		4,237,829
Fair value of warrant						$ 66,060,026
Changes in fair value of contingent purchase consideration	$ 4,573,493	$ (49,537,836)		$ 23,350,122	$ (49,537,836)
Common stock to be issued			230,000
Warrant issued to acquire stock			15,000,000
Common stock, price per year			$ 2.50
Total consideration			$ 1,350,916
Intangible assets acquired			2,911,377
Goodwill acquired			14,300,000
Aggregate purchase price			$ 1

Acquisition of Pharmacies - Pur

Acquisition of Pharmacies - Purchase price allocated as of acquisition date (Details) - USD ($)	Apr. 30, 2018	Dec. 28, 2017	Jul. 31, 2017
Notes to Financial Statements
Intangible assets	$ 3,187,757	$ 276,380	$ 2,911,377
Property and Equipment		19,879
Leasehold Improvements		17,761
Computer Software		5,980
Total Assets Acquired		$ 320,000

Acquisition of Pharmacies (Deta

Acquisition of Pharmacies (Details Narrative) - USD ($)	6 Months Ended
	Jun. 28, 2018	Dec. 28, 2017
Notes to Financial Statements
Promissory Note		$ 320,000
Promissory Note, Due Date	Jun. 28, 2018
Promissory Note, interest rate		3.00%