Property and Equipment - at cost

9 Months Ended

Apr. 30, 2016

Property and Equipment - at cost: [Abstract]

Property and Equipment - at cost:

6. Property and Equipment – at cost:

	April 30 2016		July 31 2015
Property:
Buildings and improvements	$	77,487,792	$	76,289,486
Improvements to leased property		1,478,012		1,478,012
Land		6,067,805		6,067,805
Construction in progress		1,648,748		639,042
		86,682,357		84,474,345
Less accumulated depreciation		37,608,211		36,413,975
Property - net		49,074,146		48,060,370
Fixtures and equipment and other:
Fixtures and equipment		144,544		144,544
Other fixed assets		236,809		235,623
		381,353		380,167
Less accumulated depreciation		232,609		249,145
Fixtures and equipment and other - net		148,744		131,022
Property and equipment - net	$	49,222,890	$	48,191,392

                Construction in progress includes:

	April 30 2016		July 31 2015
Building improvements at 9 Bond Street in Brooklyn, NY	$	-	$	144,041
Building improvements at 25 Elm Place in Brooklyn, NY		1,648,748		495,001
	$	1,648,748	$	639,042