SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of property and equipment depreciation and amortization period

Lives used to determine depreciation and amortization are generally as follows:

Buildings and improvements	18-40 years
Improvements to leased property	3-40 years
Fixtures and equipment	7-12 years
Other	3-5 years

Schedule of financial assets measured at fair value on recurring basis

In accordance with the provisions of Fair Value Measurements, the following are the Company's financial assets measured on a recurring basis presented at fair value.

	Fair value measurements at reporting date using
				Quoted											Quoted
				prices											prices
				in active											in active
				markets for		Significant									markets for		Significant
				identical		other			Significant						identical		other			Significant
				assets/		observable			unobservable						assets/		observable			unobservable
				liabilities		inputs			inputs						liabilities		inputs			inputs
Description	July 31, 2013			(Level 1)		(Level 2)			(Level 3)			July 31, 2012			(Level 1)		(Level 2)			(Level 3)
Assets:
Marketable securities -
available-for-sale		$	2,409,273	$	2,409,273		$	-		$	-		$	2,215,209	$	2,215,209		$	-		$	-
Held-to-maturity			-		-			-			-			178,176		178,176			-			-
		$	2,409,273	$	2,409,273		$	-		$	-		$	2,393,385	$	2,393,385		$	-		$	-