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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2012
Jul. 31, 2012
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 44,086,275 $ 44,259,379
Current Assets:    
Cash and cash equivalents (Note 4) 2,348,266 1,340,203
Marketable securities (Notes 3 and 4) 126,088 226,397
Receivables (Note 4) 353,280 276,585
Deferred income taxes 589,000 599,000
Prepaid expenses 627,725 1,220,333
Security deposits 218,036 217,022
Total current assets 4,262,395 3,879,540
Other Assets:    
Deferred charges 3,594,846 3,594,846
Less accumulated amortization 1,975,075 1,888,642
Net 1,619,771 1,706,204
Receivables (Note 4) 90,000 120,000
Security deposits 993,964 989,873
Unbilled receivables (Note 8) 2,280,766 2,214,540
Marketable securities (Notes 3 and 4) 2,490,903 2,215,209
Total other assets 7,475,404 7,245,826
TOTAL ASSETS 55,824,074 55,384,745
LIABILITIES AND SHAREHOLDERS' EQUITY    
Mortgages payable (Note 5) 5,563,339 5,591,597
Note payable - related party (Note 7) 1,000,000 1,000,000
Security deposits payable 747,984 743,894
Payroll and other accrued liabilities 0 28,457
Total long-term debt 7,311,323 7,363,948
Deferred Income Taxes 3,284,000 3,282,000
Current Liabilities:    
Accounts payable 70,290 85,083
Payroll and other accrued liabilities 1,321,692 1,483,944
Income taxes payable 238,060 79,362
Other taxes payable 6,939 4,287
Current portion of long-term debt (Note 5) 149,127 158,662
Current portion of security deposits payable 218,036 217,022
Total current liabilities 2,004,144 2,028,360
TOTAL LIABILITIES 12,599,467 12,674,308
Shareholders' Equity:    
Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued) 2,178,297 2,178,297
Additional paid in capital 3,346,245 3,346,245
Unrealized gain on available-for-sale securities - net of deferred taxes of $119,000 at October 31, 2012 and $110,000 at July 31, 2012 146,873 133,477
Retained earnings 38,841,044 38,340,270
Stockholders' Equity before Treasury Stock 44,512,459 43,998,289
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2012 and at July 31, 2012 (Note 11) 1,287,852 1,287,852
Total shareholders' equity 43,224,607 42,710,437
Contingencies (Note 12)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 55,824,074 $ 55,384,745