Property and Equipment - at cost

9 Months Ended

Apr. 30, 2014

Property and Equipment - at cost [Abstract]

Property and Equipment - at cost

6. Property and Equipment - at cost:

	April 30		July 31
	2014		2013
Property:
Buildings and improvements	$	72,714,673	$	70,513,716
Improvements to leased property		1,478,012		1,478,012
Land		6,067,805		6,067,805
Construction in progress		545,000		487,934
		80,805,490		78,547,467
Less accumulated depreciation		34,337,231		33,097,163
Property - net		46,468,259		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		229,192		249,638
Fixtures and equipment and other - net		154,258		184,161
Property and equipment - net	$	46,622,517	$	45,634,465
Construction in progress includes:
	April 30		July 31
	2014		2013
New tenant improvements at 9 Bond Street in Brooklyn, NY	$	-	$	487,934
Building improvements at Fishkill, NY		465,000		-
Improvements at 9 Bond Street in Brooklyn, NY		40,000		-
Improvements at 25 Elm Place in Brooklyn, NY		40,000		-
	$	545,000	$	487,934