FINANCIAL INSTRUMENTS AND CREDIT RISK CONCENTRATIONS (Tables)

12 Months Ended

Jul. 31, 2014

FINANCIAL INSTRUMENTS AND CREDIT RISK CONCENTRATIONS [Abstract]

Schedule of fair value of financial instruments

	July 31, 2014
	Carrying		Fair
	Value		Value
Cash and cash equivalents	$	1,892,760	$	1,892,760
Marketable securities	$	1,354,213	$	1,354,213
Security deposits payable	$	746,603	$	746,603
Mortgages, note and term loan payable	$	6,421,335	$	7,592,416