Property and Equipment - at cost (Tables)

6 Months Ended

Jan. 31, 2014

Property and Equipment - at cost [Abstract]

Schedule of property and equipment

Property and Equipment - at cost:

	January 31 2014		July 31 2013
Property:
Buildings and improvements	$	72,551,633	$	70,513,716
Improvements to leased property		1,478,012		1,478,012
Land		6,067,805		6,067,805
Construction in progress		-		487,934
		80,097,450		78,547,467
Less accumulated depreciation		33,919,512		33,097,163
Property - net		46,177,938		45,450,304
Fixtures and equipment and other:
Fixtures and equipment		144,544		194,893
Other fixed assets		238,906		238,906
		383,450		433,799
Less accumulated depreciation		218,992		249,638
Fixtures and equipment and other - net		164,458		184,161
Property and equipment - net	$	46,342,396	$	45,634,465