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Fair Value Measurements
12 Months Ended
Jul. 31, 2017
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 4—Fair Value Measurements

 

At July 31, 2017 and 2016, the Company did not have any assets or liabilities measured at fair value on a recurring basis.

 

At July 31, 2017 and 2016, the carrying amounts of the financial instruments included in cash and cash equivalents, trade accounts receivable, prepaid expenses and other current assets, trade accounts payable, and accrued expenses approximated fair value due to their short-term nature. The carrying value of the loans payable approximated its fair value as of July 31, 2017 as the interest rate approximated market.