RENTAL INCOME (Tables)

12 Months Ended

Jul. 31, 2014

RENTAL INCOME [Abstract]

Schedule of rental income

  Rental income for each of the fiscal years 2014, 2013 and 2012 is as follows:

	July 31,
	2014		2013		2012
Minimum rentals
Company owned property	$	10,412,191	$	9,308,907	$	9,920,860
Leased property		5,709,743		5,845,114		5,900,541
		16,121,934		15,154,021		15,821,401
Contingent rentals
Company owned property		538,212		421,743		386,815
Leased property		275,451		316,059		321,847
		813,663		737,802		708,662
Total	$	16,935,597	$	15,891,823	$	16,530,063

Schedule of future minimum non-cancelable rental income

Future minimum non-cancelable rental income for leases with initial or remaining terms of one year or more is as follows:

	Company
	Owned		Leased
Fiscal Year	Property		Property		Total
2015	$	9,920,781	$	5,323,022	$	15,243,803
2016		8,946,599		4,863,036		13,809,635
2017		6,402,631		4,318,427		10,721,058
2018		6,143,524		2,732,264		8,875,788
2019		5,290,419		2,706,053		7,996,472
After 2019		12,741,765		12,968,522		25,710,287
Total	$	49,445,719	$	32,911,324	$	82,357,043