Accumulated Other Comprehensive Income:

6 Months Ended

Jan. 31, 2014

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

12.	Accumulated Other Comprehensive Income:
	The only component of accumulated other comprehensive income is unrealized gains (losses) on available-for-sale securities.
	A summary of the changes in accumulated other comprehensive income for the three and six months ended January 31, 2014 and 2013 is as follows:

	Three Months Ended						Six Months Ended
	January 31						January 31
	2014			2013			2014			2013
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Beginning balance, net of tax effect	$	108,715		$	146,873		$	183,633		$	133,477
Other comprehensive income, net of tax effect:
Unrealized gains (losses) on available-for-sale               securities		(31,288	)		45,633			(11,019	)		68,029
Tax effect		15,000			(21,000	)		6,000			(30,000	)
Unrealized gains (losses) on available-for-sale               securities, net of tax effect		(16,288	)		24,633			(5,019	)		38,029
Amounts reclassified from accumulated other        comprehensive income, net of tax effect:
Unrealized gains on available-for-sale securities               reclassified		-			-			(155,187	)		-
Tax effect		-			-			69,000			-
Amount reclassified, net of tax effect		-			-			(86,187	)		-
Ending balance, net of tax effect	$	92,427		$	171,506		$	92,427		$	171,506

A summary of the line items in the Condensed Consolidated Statement of Operations and Retained Earnings affected by the amounts reclassified from accumulated other comprehensive income is as follows:

Details about accumulated other comprehensive income components	Affected line item in the statement where net income is presented
Other comprehensive income reclassified	Investment income
Tax effect	Income taxes provided