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DISCONTINUED OPERATIONS (Components of discontinued operations) (Details) (USD $)
12 Months Ended
Jul. 31, 2013
Jul. 31, 2012
Jul. 31, 2011
Revenues      
Rental income         
Fair value adjustment - nonmonetary exchange         
Total         
Expenses      
Real estate operating expenses         
Lease termination expenses       327,779
Depreciation and amortization         
Total       327,779
(Loss) from discontinued operations       (327,779)
Income tax (benefit)       (100,000)
Net (loss) from discontinued operations - net of taxes       $ (227,779)