Property and Equipment

6 Months Ended

Jan. 31, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 7 — PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	January 31, 2020			July 31, 2019
	(unaudited, in thousands)
Building and Improvements	$	54,676		$	54,241
Land		10,412			10,412
Furniture and Fixtures		1,145			1,145
Other		276			255
		66,509			66,053
Less: Accumulated Depreciation and Amortization		(18,259	)		(17,320	)
Total	$	48,250		$	48,733

Other property and equipment consists of furniture and fixtures, office and other equipment and miscellaneous computer hardware.

Depreciation and amortization expense pertaining to property and equipment was approximately $473,000 and $431,000 for the three months ended January 31, 2020 and 2019, respectively, and $939,000 and $860,000 for the six months ended January 31, 2020 and 2019, respectively.

The Company's headquarters are located at 520 Broad Street in Newark where it occupies office space in the building owned by its subsidiary.