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Non-Standardized Profit Sharing Plan
3 Months Ended
Oct. 31, 2017
Non-Standardized Profit Sharing Plan [Abstract]  
Non-Standardized Profit Sharing Plan

NOTE 4 – NON-STANDARDIZED PROFIT SHARING PLAN

 

We currently provide a Non-Standardized Profit Sharing Plan ("Plan"), adopted September 15, 2006. Under the plan our employees qualify to participate in the plan after one year of employment. Contributions under the plan are based on 25% of the annual base salary of each eligible employee up to $54,000 per year. Contributions under the plan are fully vested upon funding. During the period ended October 31, 2017 and October 31, 2016, the Company did not make any contributions under the plan.