Long-Term Debt (Tables)

12 Months Ended

Jul. 31, 2013

Debt Disclosure [Abstract]

Long-term debt

Long-term debt consists of the following:

	July 31,
	2013		2012
Mortgage payable - interest at 10.0 percent per annum, monthly interest payments of $9,807, principal due January 2013, secured by secondary rights to real property located at 11 Carlaw Avenue and 33 Harbour Square Toronto, Canada	$	-0-	$	1,181,461
Mortgage payable - interest at 6.75 percent per annum, monthly payments of principal and interest of $6,014, due May 2015, secured by a first mortgage over real property located at 33 Harbour Square, Toronto, Canada		-0-		482,700
Mortgage payable - interest at 9.75 percent per annum, monthly interest payments of $6,771, principal due November 2013, secured by secondary rights to real property located at 11 Carlaw Avenue, Toronto, Canada		617,665		-0-
Total Debt		617,665		1,664,161
Less Current Maturities of Long-Term Debt		617,665		1,222,746
Total Long-Term Debt	$	-0-	$	441,415