ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Jul. 31, 2019

ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

A summary of the changes in accumulated other comprehensive income for the fiscal years ended July 31, 2019, and 2018 are as follows:

	Years Ended July 31,
	2019			2018
Beginning balance, net of tax effect	$	487,136		$	368,476
Other comprehensive income, net of tax effect:
Unrealized gains on available-for-sale securities		—			265,080
Tax effect		—			(130,963	)
Unrealized gains on available-for-sale securities, net of tax effect		—			134,117
Amounts reclassified from accumulated other comprehensive income, net of tax effect:
Unrealized gain on marketable securities reclassified to retained earnings		(800,136	)		(23,420	)
Tax effect		313,000			7,963
Amount reclassified, net of tax effect		(487,136	)		(15,457	)
Ending balance, net of tax effect	$	—		$	487,136