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Retirement Plan
12 Months Ended
Jul. 31, 2016
Retirement Plan [Abstract]  
Retirement Plan

Note 11—Retirement Plan

 

The Company implemented a 401(k) profit sharing plan in August 2015 whereby eligible employees may elect to make contributions pursuant to a salary deduction agreement upon meeting age and length-of-service requirements. Employer contributions are discretionary. The retirement plan expense amounted to $52,520 in Fiscal 2016.