Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Apr. 30, 2017

Accumulated Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income

A summary of the changes in accumulated other comprehensive income for the three and nine months ended April 30, 2017 and 2016 is as follows:

	Three Months Ended						Nine Months Ended
	April 30						April 30
	2017			2016			2017			2016
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Beginning balance, net of tax effect	$	277,770		$	142,579		$	264,541		$	196,033
Other comprehensive income, net of tax effect:
Unrealized gain (loss) on available-for-sale securities		99,910			66,213			118,785			(15,241	)
Tax effect		(33,500	)		(23,000	)		(40,000	)		5,000
Unrealized gain (loss) on available-for-sale
securities, net of tax effect		66,410			43,213			78,785			(10,241	)
Amounts reclassified from accumulated other
comprehensive income, net of tax effect:
Unrealized gain on available-for-sale securities reclassified		(42,195	)		-			(40,841	)		-
Tax effect		14,500			-			14,000			-
Amount reclassified, net of tax effect		(27,695	)		-			(26,841	)		-
Ending balance, net of tax effect	$	316,485		$	185,792		$	316,485		$	185,792