Short-Term Investments

9 Months Ended

Apr. 30, 2012

Short-Term Investments [Abstract]

Short-Term Investments

Note B – Short-Term Investments

     Classification of the Company's investments as current or non-current is dependent upon management's intended holding period, the investment's maturity date and liquidity considerations based on market conditions. If management intends to hold the investments for longer than one year as of the balance sheet date, they are classified as non-current.

     All short-term investments are certificates of deposit and have original maturities in excess of three months but not more than twelve months. There were no short-term investments as of July 31, 2011.