Annual report pursuant to Section 13 and 15(d)

Investment Securities

Investment Securities
12 Months Ended
Jul. 31, 2020
Schedule of Investments [Abstract]  
Investment Securities

Note 4—Investment Securities


The Company did not have any investment securities on its consolidated balance sheets as of July 31, 2020 and 2019.


During the year ended July 31, 2019, the Company sold investments, categorized as held to maturity, with a net carrying amount of $5,989,928 for gross proceeds of $5,977,794 and realized a loss of $12,134. The sale of the securities was suggested by the Company’s investment advisors and the event is isolated. The Company did not sell any investments during the year ended July 31, 2020.