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CONSOLIDATED BALANCE SHEETS (USD $)
Jul. 31, 2014
Jul. 31, 2013
Assets    
Buildings and improvements $ 74,547,177 $ 70,513,716
Improvements to leased property 1,478,012 1,478,012
Fixtures and equipment 144,545 194,893
Land 6,067,805 6,067,805
Other 238,906 238,906
Construction in progress    487,934
Property, Plant and Equipment, Gross 82,476,445 78,981,266
Less accumulated depreciation and amortization 35,017,447 33,346,801
Property and equipment-net 47,458,998 45,634,465
Current Assets:    
Cash and cash equivalents (Notes 9 and 10) 1,892,760 664,718
Marketable securities (Notes 1, 2 and 10)    50,326
Receivables (Notes 1, 6 and 10) 311,006 309,517
Receivable to temporarily vacate lease (Note 15) 1,250,000   
Income taxes refundable 196,006 325,072
Deferred income taxes (Notes 1 and 4) 1,564,000 676,000
Security deposits    257,975
Prepaid expenses 1,383,994 1,321,270
Total current assets 6,597,766 3,604,878
Other Assets:    
Deferred charges (Notes 1 and 11) 3,835,016 3,806,743
Less accumulated amortization (Notes 1 and 11) 2,126,926 1,920,661
Net 1,708,090 1,886,082
Receivables (Notes 1, 6 and 10) 60,000 90,000
Security deposits 1,440,755 896,970
Unbilled receivables (Notes 1, 6 and 10) 2,556,743 2,172,269
Marketable securities (Notes 1, 2 and 10) 1,354,213 2,409,273
Total other assets 7,119,801 7,454,594
TOTAL ASSETS 61,176,565 56,693,937
Liabilities and Shareholders' Equity    
Mortgages and term loan payable (Notes 3 and 10) 5,181,335 5,421,335
Note payable - related party (Notes 10 and 13) 1,000,000 1,000,000
Security deposits payable (Note 10) 736,103 579,709
Payroll and other accrued liabilities (Notes 1, 5 and 7)    59,683
Deferred revenue (Note 15) 2,187,500   
Total long-term debt 9,104,938 7,060,727
Deferred Income Taxes (Notes 1 and 4) 4,220,000 3,684,000
Current Liabilities:    
Accounts payable 144,250 57,668
Payroll and other accrued liabilities (Notes 1, 5 and 7) 2,174,487 2,033,923
Deferred revenue (Note 15) 1,166,667   
Other taxes payable 6,357 5,118
Current portion of long-term debt (Notes 3 and 10) 240,000 170,262
Current portion of security deposits payable (Note 10) 10,500 257,975
Total current liabilities 3,742,261 2,524,946
Total liabilities 17,067,199 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 $107,000 at July 31, 2014 and $150,000 at July 31, 2013. (Notes 1, 4 and 10) 129,412 183,633
Retained earnings 39,743,264 39,003,941
Stockholders' Equity before Treasury Stock 45,397,218 44,712,116
Less common stock held in treasury, at cost - 162,517 shares at July 31, 2014 and July 31, 2013 (Note 12) 1,287,852 1,287,852
Total shareholders' equity 44,109,366 43,424,264
Commitments (Notes 5 and 6) and Contingencies (Notes 8 and 16)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 61,176,565 $ 56,693,937