Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.8.0.1
Fair Value Measurements (Tables)
9 Months Ended
Apr. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets on Recurring Basis

A summary of the Company’s financial assets that are measured or disclosed at fair value on a recurring basis as of April 30, 2018 are presented below:

 

Description   April 30, 2018     Level 1     Level 2     Level 3  
Cash equivalents                                
Money market fund   $ 539,796     $ 538,257     $ 1,539     $ -  
U.S. treasury securities     4,244,236       4,244,236       -       -  
Held-to-maturity investments                                
U.S. treasury securities     18,872,916       18,872,916       -       -  
Total   $ 23,656,948     $ 23,655,409     $ 1,539     $ -