DESCRIPTION OF OUR COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jan. 31, 2016
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table presents a reconciliation of the denominators used in the computation of net income per common share basic and net income per common share – diluted for the three and six-month periods ended January 31, 2016 and 2015 (in thousands, except per share data) (unaudited):
 
 
 
Three-months Ended 
January 31,
 
Six-months Ended 
January 31,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income available for common shareholders
 
$
197
 
$
108
 
$
352
 
$
263
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted avg. outstanding shares of common stock
 
 
1,912
 
 
2,630
 
 
1,928
 
 
2,619
 
Dilutive effect of restricted shares
 
 
-
 
 
2
 
 
-
 
 
3
 
Common stock and equivalents
 
 
1,912
 
 
2,632
 
 
1,928
 
 
2,622
 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.10
 
$
0.04
 
$
0.18
 
$
0.10
 
Diluted
 
$
0.10
 
$
0.04
 
$
0.18
 
$
0.10