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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Cash Flows From Operating Activities    
Net income $ 462,025 $ 401,375
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 412,627 406,750
Amortization of deferred charges 64,600 80,879
Amortization of deferred finance costs 5,718 5,700
Realized loss on sale of marketable securities 7,421
Other assets - unbilled receivables 95,032 94,936
Deferred income taxes 231,000 239,000
Deferred revenue (291,667) (291,667)
Changes in:    
Receivables (288,093) 131,187
Income taxes refundable 3,107 (174,654)
Prepaid expenses 627,144 578,417
Accounts payable 4,588 29,509
Payroll and other accrued liabilities 24,094 (207,296)
Other taxes payable (2,760) (2,709)
Cash provided by operating activities 1,354,836 1,291,427
Cash Flows From Investing Activities    
Capital expenditures (516,320) (821,347)
Security deposits (2,147) (3,679)
Marketable securities:    
Receipts from sales or maturities 115,173
Payments for purchases (130,197) (9,541)
Cash (used) by investing activities (533,491) (834,567)
Cash Flows From Financing Activities    
Increase - security deposits 4,152 1,579
Mortgage and other debt payments (38,262) (36,895)
Cash (used) by financing activities (34,110) (35,316)
Increase in cash and cash equivalents 787,235 421,544
Cash and cash equivalents at beginning of period 5,228,826 4,085,704
Cash and cash equivalents at end of period $ 6,016,061 $ 4,507,248