Summary of Significant Accounting Policies

9 Months Ended

Apr. 30, 2016

Summary of Significant Accounting Policies [Text Block]

2.	Summary of Significant Accounting Policies
	The unaudited interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions for Securities and Exchange Commission (“SEC”) Form 10-Q and they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these financial statements should be read in conjunction with the Company’s audited annual financial statements and notes thereto for the year ended July 31, 2015, included in the Company’s Annual Report on Form 10-K filed on October 28, 2015, with the SEC.
	In the opinion of management, all adjustments (consisting of normal and recurring accruals) considered necessary for fair presentation of the Company’s financial position, results of operations and cash flows have been included. Operating results for the nine months ended April 30, 2016, are not necessarily indicative of the results that may be expected for the year ending July 31, 2016.