Property and Equipment - at cost

6 Months Ended

Jan. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property and Equipment – at cost:

	January 31		July 31
	2013		2012
Property:
Buildings and improvements	$	67,993,772	$	68,160,718
Improvements to leased property		1,478,012		1,478,012
Land		6,067,805		6,067,805
Construction in progress		288,667		72,467
		75,828,256		75,779,002
Less accumulated depreciation		32,278,902		31,620,831
Property - net		43,549,354		44,158,171

Fixtures and equipment and other:
Fixtures and equipment		167,687		167,687
Other fixed assets		240,400		219,385
		408,087		387,072
Less accumulated depreciation		289,389		285,864
Fixtures and equipment and other - net		118,698		101,208

Property and equipment - net	$	43,668,052	$	44,259,379

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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