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Fair Value Measures
3 Months Ended
Oct. 31, 2017
Fair Value Measures [Abstract]  
Fair Value Measures

Note 5—Fair Value Measures

 

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

 

At October 31, 2017 and July 31, 2017, 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 October 31, 2017 and July 31, 2017 as the interest rate approximated market.