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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2014
Jul. 31, 2013
Assets    
Property and Equipment - Net (Notes 5 and 6) $ 46,342,396 $ 45,634,465
Current Assets:    
Cash and cash equivalents (Note 4) 1,652,863 664,718
Marketable securities (Notes 3 and 4)    50,326
Receivables (Note 4) 410,327 309,517
Income taxes refundable 146,263 325,072
Deferred income taxes 849,000 676,000
Prepaid expenses 1,196,513 1,321,270
Security deposits 80,910 257,975
Total current assets 4,335,876 3,604,878
Other Assets:    
Deferred charges 4,069,739 3,806,743
Less: accumulated amortization 2,090,349 1,920,661
Net 1,979,390 1,886,082
Receivables (Note 4) 111,525 90,000
Security deposits 1,322,812 896,970
Unbilled receivables (Notes 4 and 8) 2,307,621 2,172,269
Marketable securities (Notes 3 and 4) 1,270,114 2,409,273
Total other assets 6,991,462 7,454,594
TOTAL ASSETS 57,669,734 56,693,937
Long-Term Debt:    
Mortgages payable (Note 5) 5,333,152 5,421,335
Note payable - related party (Note 7) 1,000,000 1,000,000
Security deposits payable 629,084 579,709
Payroll and other accrued liabilities 60,134 59,683
Total long-term debt 7,022,370 7,060,727
Deferred Income Taxes 4,056,000 3,684,000
Current Liabilities:    
Accounts payable 171,488 57,668
Payroll and other accrued liabilities 2,439,362 2,033,923
Other taxes payable 11,145 5,118
Current portion of long-term debt (Note 5) 176,427 170,262
Current portion of security deposits payable 80,910 257,975
Total current liabilities 2,879,332 2,524,946
TOTAL LIABILITIES 13,957,702 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 $75,000 at January 31, 2014 and $150,000 at July 31, 2013 92,427 183,633
Retained earnings 39,382,915 39,003,941
Stockholders' Equity before Treasury Stock 44,999,884 44,712,116
Less common stock held in treasury, at cost - 162,517 shares at January 31, 2014 and July 31, 2013 (Note 11) 1,287,852 1,287,852
Total shareholders' equity 43,712,032 43,424,264
Contingencies (Note 13)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 57,669,734 $ 56,693,937