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MARKETABLE SECURITIES (Tables)

12 Months Ended

Jul. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Classified Marketable Securities

As of July 31, 2021 and 2020, the Company’s marketable securities were classified as follows:

	July 31, 2021														July 31, 2020
				Gross			Gross											Gross			Gross
				Unrealized			Unrealized					Fair						Unrealized			Unrealized					Fair
	Cost			Gains			Losses					Value			Cost			Gains			Losses					Value
Available-for-sale:
Mutual funds	$	984,869		$	619,972			$	—			$	1,604,841		$	1,077,493		$	297,064			$	—			$	1,374,557
Corporate equity
securities		1,355,961			940,291				—				2,296,252			1,553,275			823,010				5,937				2,370,348
	$	2,340,830		$	1,560,263			$	—			$	3,901,093		$	2,630,768		$	1,120,074			$	5,937			$	3,744,905

Schedule of Investment Income

Investment income for the years ended July 31, 2021 and 2020 consists of the following:

	2021			2020
Interest income	$	850		$	20,446
Dividend income		98,915			96,569
Gain on sale of marketable securities		73,783			28,546
Total	$	173,548		$	145,561

X

- Definition

Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments.

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-Name Accounting Standards Codification
-Topic 220
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-Section S99
-Paragraph 2
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Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

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