Marketable Securities (Tables)

3 Months Ended

Oct. 31, 2014

Marketable Securities: [Abstract]

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

	October 31,								July 31,
Description	2014		Level 1		Level 2		Level 3		2014		Level 1		Level 2		Level 3
Assets:
Marketable securities -
available-for-sale	$	1,432,094	$	1,432,094	$	–	$	–	$	1,354,213	$	1,354,213	$	–	$	–

Schedule of investments measured at fair value

The following table summarizes investments measured at fair value based on NAV per share as of October 31, 2014 and July 31, 2014, respectively.

			Unfunded	Redemption Frequency	Redemption
July 31, 2014	Fair Value		Commitments	(if currently eligible)	Notice Period
First Eagle Global CL I	$	273,000	n/a	Daily	None
Parnasus Core Equity Investor CL	$	277,571	n/a	Daily	None
Transamerica Tactical Income CL A	$	269,649	n/a	Daily	None

			Unfunded	Redemption Frequency	Redemption
October 31, 2014	Fair Value		Commitments	(if currently eligible)	Notice Period
First Eagle Global CL I	$	267,669	n/a	Daily	None
Parnasus Core Equity Investor CL	$	293,604	n/a	Daily	None
Columbia Flexible Income CL A	$	269,818	n/a	Daily	None

Schedule of classified marketable securities

As of October 31, 2014 and July 31, 2014, the Company's marketable securities were classified as follows:

	October 31, 2014								July 31, 2014
			Gross		Gross						Gross		Gross
			Unrealized		Unrealized		Fair				Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
Noncurrent:
Available-for-sale:
Mutual funds	$	689,014	$	142,077	$	–	$	831,091	$	691,047	$	129,173	$	–	$	820,220
Equity securities		431,506		169,497		–		601,003		426,754		107,239		–		533,993
	$	1,120,520	$	311,574	$	–	$	1,432,094	$	1,117,801	$	236,412	$	–	$	1,354,213

Schedule of investment income

Investment income consists of the following:

	Three Months Ended
	October 31
	2014		2013
Gain on sale of marketable securities	$	386	$	182,841
Interest income		625		953
Dividend income		5,180		5,630
Total	$	6,191	$	189,424