FINANCIAL INSTRUMENTS AND CREDIT RISK CONCENTRATIONS (Tables)

12 Months Ended

Jul. 31, 2012

Financial Instruments and Credit Risk Concentrations Disclosure [Abstract]

Schedule Of Financial Instruments [Table Text Block]

	July 31, 2012
	Carrying		Fair
	Value		Value
Cash and cash equivalents	$	1,340,203	$	1,340,203
Marketable securities	$	2,441,606	$	2,443,631
Security deposits payable	$	960,916	$	960,916
Mortgages, note and term loan payable	$	6,750,259	$	8,164,075