FINANCIAL INSTRUMENTS AND CREDIT RISK CONCENTRATIONS (Tables)

12 Months Ended

Jul. 31, 2013

FINANCIAL INSTRUMENTS AND CREDIT RISK CONCENTRATIONS [Abstract]

Schedule of fair value of financial instruments

	July 31, 2013
	Carrying		Fair
	Value		Value
Cash and cash equivalents	$	664,718	$	664,718
Marketable securities	$	2,459,599	$	2,459,599
Security deposits payable	$	837,684	$	837,684
Mortgages, note and term loan payable	$	6,591,597	$	7,883,952