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Retirement Plan
12 Months Ended
Jul. 31, 2017
Retirement Plan [Abstract]  
Retirement Plan

Note 13—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 approximately $75,000 and $53,000 in Fiscal 2017 and Fiscal 2016, respectively.