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Accumulated Other Comprehensive Income
 3 Months Ended
Oct. 31, 2016
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
12. Accumulated Other Comprehensive Income:
 
The only component of accumulated other comprehensive income is unrealized (loss) on available-for-sale securities.
 
A summary of the changes in accumulated other comprehensive income for the three months ended October 31, 2016 and 2015 is as follows:

               Three Months Ended
October 31
  2016 2015
(Unaudited)       (Unaudited)
Beginning balance, net of tax effect $      264,541   $      196,033
 
Other comprehensive income, net of tax effect:
              Unrealized (loss) on available-for-sale securities (65,636 ) (30,404 )
              Tax effect 22,500 11,000
              Unrealized (loss) on available-for-sale
                    securities, net of tax effect (43,136 ) (19,404 )
 
Amounts reclassified from accumulated other
       comprehensive income, net of tax effect:
              Unrealized (loss) on available-for-sale securities reclassified (1,354 ) -
              Tax effect 500 -
                    Amount reclassified, net of tax effect (854 ) -
               
Ending balance, net of tax effect $ 220,551 $ 176,629

              A summary of the line items in the Consolidated Statements of Income and Retained Earnings affected by the amounts reclassified from accumulated other comprehensive income is as follows:

                      Details about accumulated other        Affected line item in the statement
comprehensive income components where net income is presented
---------------------------------------------------------- ---------------------------------------------------
Other comprehensive income reclassified Investment income
tax effect Income taxes provided