CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Jul. 31, 2015 |
Jul. 31, 2014 |
Jul. 31, 2013 |
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| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | |||
| Net income | $ 2,208,682 | $ 739,323 | $ 663,671 |
| Unrealized gain on available-for-sale securities: | |||
| Unrealized holding gains arising during the period net of taxes (benefit) of ($6,000), $26,000 and $40,000 for the fiscal years 2015, 2014 and 2013, respectively (Note 14) | $ 66,621 | 31,966 | $ 50,156 |
| Reclassification adjustment for net (losses) included in net income, net of taxes of ($69,000) for the year ended July 31, 2014 (Note 14) | (86,187) | ||
| Unrealized gain (loss) on available-for-sale securities, net of taxes | $ 66,621 | (54,221) | $ 50,156 |
| Comprehensive income | $ 2,275,303 | $ 685,102 | $ 713,827 |
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- References No definition available.
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- Definition The change in unrealized holding gain (loss), net of tax, on available-for-sale securities included in a separate component of shareholders' equity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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