Notes Payable
 12 Months Ended
Jul. 31, 2015
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]
Note 10. Notes Payable
 
The notes payable consisted of the following as of July 31, 2015 and July 31, 2014:
  
 
 
July 31, 2015
 
July 31, 2014
 
Note payable (Auto)
 
$
61,397
 
$
74,713
 
Note payable (Primary note)
 
 
50,000
 
 
-
 
 
 
 
111,397
 
 
74,713
 
Less current portion
 
 
(65,688)
 
 
(15,735)
 
Long-term note payable
 
$
45,709
 
$
58,978
 
 
The automobile note payable is secured by the Company’s automobile and bears interest at 3.99% per annum with a maturity date of October 9, 2019. The Company’s monthly payment under the automobile note is $1,336 until maturity.
 
The primary note payable to an employee, which was entered into on May 12, 2015, bears interest at 5% interest per 30 days. The entire principal balance together with accrued interest are due on the maturity date of January 7, 2016.
 
The future minimum payments under notes payable as July 31, 2015 are as follows:
  
Year Ending July 31:
 
 
 
 
2016
 
$
65,688
 
2017
 
 
16,032
 
2018
 
 
16,032
 
2019
 
 
13,646
 
Total
 
 
111,397