XML 33 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Cash Flows From Operating Activities    
Net income $ 597,289 $ 562,843
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,270,828 1,208,221
Amortization of deferred charges 263,172 314,810
Realized (gain) loss on sale of marketable securities (182,846) 3,322
Loss on disposition of property and equipment 4,291 316,021
Other assets - unbilled receivables (338,056) (196,119)
Other assets - unbilled receivable - bad debts    240,258
Other assets - deferred charges (289,155) (636,401)
Deferred income taxes 454,000 148,000
Changes in:    
Receivables (278,694) 95,062
Income taxes refundable 14,066 (281,073)
Prepaid expenses 539,455 609,520
Accounts payable 76,804 (30,197)
Payroll and other accrued liabilities 186,516 737,292
Income taxes payable    (79,362)
Other taxes payable 6,317 6,483
Net cash provided by operating activities 2,323,987 3,018,680
Cash Flows From Investing Activities    
Capital expenditures (2,263,171) (1,941,955)
Security deposits (301,257) 67,150
Marketable securities:    
Receipts from sales or maturities 1,247,403 548,818
Payments for purchases (49,889) (545,615)
Cash (used) by investing activities (1,366,914) (1,871,602)
Cash Flows From Financing Activities    
Decrease - security deposits (75,210) (138,150)
Mortgage and other debt payments (126,283) (117,653)
Cash (used) by financing activities (201,493) (255,803)
Increase in cash and cash equivalents 755,580 891,275
Cash and cash equivalents at beginning of period 664,718 1,340,203
Cash and cash equivalents at end of period $ 1,420,298 $ 2,231,478