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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2013
Jul. 31, 2012
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 43,668,052 $ 44,259,379
Current Assets:    
Cash and cash equivalents (Note 4) 2,500,033 1,340,203
Marketable securities (Notes 3 and 4) 125,806 226,397
Receivables (Note 4) 470,455 276,585
Deferred income taxes 647,000 599,000
Prepaid expenses 1,155,517 1,220,333
Security deposits 408,993 217,022
Total current assets 5,307,804 3,879,540
Other Assets:    
Deferred charges 3,865,178 3,594,846
Less accumulated amortization 2,107,486 1,888,642
Net 1,757,692 1,706,204
Receivables (Note 4) 90,000 120,000
Security deposits 714,575 989,873
Unbilled receivables (Note 8) 2,106,735 2,214,540
Marketable securities (Notes 3 and 4) 2,575,747 2,215,209
Total other assets 7,244,749 7,245,826
TOTAL ASSETS 56,220,605 55,384,745
LIABILITIES AND SHAREHOLDERS' EQUITY    
Mortgages payable (Note 5) 5,509,579 5,591,597
Note payable - related party (Note 7) 0 1,000,000
Security deposits payable 527,996 743,894
Payroll and other accrued liabilities 0 28,457
Total long-term debt 6,037,575 7,363,948
Deferred Income Taxes 3,242,000 3,282,000
Current Liabilities:    
Accounts payable 80,877 85,083
Payroll and other accrued liabilities 2,004,403 1,483,944
Income taxes payable 35,306 79,362
Other taxes payable 8,772 4,287
Current portion of long-term debt (Note 5) 164,407 158,662
Note payable - related party (Note 7) 1,000,000 0
Current portion of security deposits payable 408,993 217,022
Total current liabilities 3,702,758 2,028,360
TOTAL LIABILITIES 12,982,333 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 $140,000 at January 31, 2013 and $110,000 at July 31, 2012 171,506 133,477
Retained earnings 38,830,076 38,340,270
Stockholders' Equity before Treasury Stock 44,526,124 43,998,289
Less common stock held in treasury, at cost - 162,517 shares at January 31, 2013 and at July 31, 2012 (Note 11) 1,287,852 1,287,852
Total shareholders' equity 43,238,272 42,710,437
Contingencies (Note 12)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 56,220,605 $ 55,384,745