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CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2013
Jul. 31, 2013
Assets    
Property and Equipment - Net (Notes 5 and 6) $ 46,650,947 $ 45,634,465
Current Assets:    
Cash and cash equivalents (Note 4) 1,886,810 664,718
Marketable securities (Notes 3 and 4)    50,326
Receivables (Note 4) 313,319 309,517
Income taxes refundable    325,072
Deferred income taxes 571,000 676,000
Prepaid expenses 823,805 1,321,270
Security deposits 16,611 257,975
Total current assets 3,611,545 3,604,878
Other Assets:    
Deferred charges 3,845,816 3,806,743
Less: accumulated amortization 2,004,465 1,920,661
Net 1,841,351 1,886,082
Receivables (Note 4) 142,439 90,000
Security deposits 996,452 896,970
Unbilled receivables (Notes 4 and 8) 2,217,195 2,172,269
Marketable securities (Notes 3 and 4) 1,269,441 2,409,273
Total other assets 6,466,878 7,454,594
TOTAL ASSETS 56,729,370 56,693,937
Long-Term Debt:    
Mortgages payable (Note 5) 5,377,640 5,421,335
Note payable - related party (Note 7) 1,000,000 1,000,000
Security deposits payable 679,191 579,709
Payroll and other accrued liabilities    59,683
Total long-term debt 7,056,831 7,060,727
Deferred Income Taxes 3,650,000 3,684,000
Current Liabilities:    
Accounts payable 84,490 57,668
Payroll and other accrued liabilities 1,820,036 2,033,923
Income taxes payable 140,565   
Other taxes payable 2,150 5,118
Current portion of long-term debt (Note 5) 173,317 170,262
Current portion of security deposits payable 16,611 257,975
Total current liabilities 2,237,169 2,524,946
Total liabilities 12,944,000 13,269,673
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 $90,000 at October 31, 2013 and $150,000 at July 31, 2013 108,715 183,633
Retained earnings 39,439,965 39,003,941
Stockholders' Equity before Treasury Stock 45,073,222 44,712,116
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2013 and July 31, 2013 (Note 11) 1,287,852 1,287,852
Total shareholders' equity 43,785,370 43,424,264
Contingencies (Note 13)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 56,729,370 $ 56,693,937