Marketable Securities (Tables)

6 Months Ended

Jan. 31, 2015

Marketable Securities: [Abstract]

Schedule of financial assets measured at fair value on recurring basis

The following are the Company's financial assets measured on a recurring basis presented at fair value.

Fair value measurements at reporting date using
	January 31,								July 31,
Description	2015		Level 1		Level 2		Level 3		2014		Level 1		Level 2		Level 3
Assets:
Marketable securities -
available-for-sale	$	1,438,210	$	1,438,210	$	–	$	–	$	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 January 31, 2015 and July 31, 2014, respectively.

			Unfunded	Redemption Frequency	Redemption
January 31, 2015	Fair Value		Commitments	(if currently eligible)	Notice Period
First Eagle Global CL I	$	269,877	n/a	Daily	None
Parnasus Core Equity Investor CL	$	291,594	n/a	Daily	None
Columbia Flexible Income CL A	$	266,279	n/a	Daily	None
			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

Schedule of classified marketable securities

As of January 31, 2015 and July 31, 2014, the Company's marketable securities were classified as follows:

	January 31, 2015								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	$	713,153	$	117,417	$	2,820	$	827,750	$	691,047	$	129,173	$	–	$	820,220
Equity securities		436,307		174,153		–		610,460		426,754		107,239		–		533,993
	$	1,149,460	$	291,570	$	2,820	$	1,438,210	$	1,117,801	$	236,412	$	–	$	1,354,213

Schedule of investment securities have been in a continuous unrealized loss position

The Company's debt and equity securities, gross unrealized losses and fair value, aggregated by investment category and length of time that the investment securities have been in a continuous unrealized loss position, at January 31, 2015, are as follows:

			Less Than		More Than
	Fair Value		12 Months		12 Months
Mutual funds	$	266,279	$	2,820	$	–

Schedule of investment income

Investment income consists of the following:

	Three Months Ended				Six Months Ended
	January 31				January 31
	2015		2014		2015		2014
Gain on sale of marketable securities	$	–	$	5	$	386	$	182,846
Interest income		662		343		1,287		1,296
Dividend income		25,691		30,617		30,871		36,247
Total	$	26,353	$	30,965	$	32,544	$	220,389