Property and Equipment - at cost (Tables)

3 Months Ended

Oct. 31, 2015

Property and Equipment - at cost: [Abstract]

Schedule of property and equipment

	October 31 2015		July 31 2015
Property:
Buildings and improvements	$	76,548,587	$	76,289,486
Improvements to leased property		1,478,012		1,478,012
Land		6,067,805		6,067,805
Construction in progress		1,201,288		639,042
		85,295,692		84,474,345
Less accumulated depreciation		36,811,125		36,413,975
Property - net		48,484,567		48,060,370
Fixtures and equipment and other:
Fixtures and equipment		144,544		144,544
Other fixed assets		235,623		235,623
		380,167		380,167
Less accumulated depreciation		258,745		249,145
Fixtures and equipment and other - net		121,422		131,022
Property and equipment - net	$	48,605,989	$	48,191,392

Schedule of property and equipment construction in progress

	October 31 2015		July 31 2015
Building improvements at 9 Bond Street in Brooklyn, NY	$	144,041	$	144,041
Building improvements at Fishkill, NY		129,665		–
Building improvements at 25 Elm Place in Brooklyn, NY		890,145		495,001
Building improvements at Jamaica, NY		37,437		–
	$	1,201,288	$	639,042