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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Cash Flows From Operating Activities:    
Net income $ 1,391,821 $ 1,075,492
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,253,091 1,223,036
Amortization of deferred charges 200,900 238,804
Deferred finance costs included in interest expense 17,154 17,100
Realized (gain) loss on sale of marketable securities (23,734) 36,999
Gain on disposition of property and equipment (500)
Other assets - unbilled receivables 160,661 288,034
Other assets - deferred charges (366,995) (63,105)
Deferred income taxes 706,000 497,000
Deferred revenue (875,001) (875,001)
Changes in:    
Receivables 153,645 457,070
Income taxes refundable (5,608) 162,399
Prepaid expenses 687,443 603,501
Accounts payable 15,757 56,361
Payroll and other accrued liabilities 136,675 (588,570)
Other taxes payable (1,563) (1,536)
Cash provided by operating activities 3,450,246 3,127,084
Cash Flows From Investing Activities:    
Capital expenditures (1,635,496) (2,254,034)
Security deposits (134,846) (34,560)
Marketable securities:    
Receipts from sales or maturities 282,434 314,008
Payments for purchases (839,970) (338,436)
Cash (used) by investing activities (2,327,878) (2,313,022)
Cash Flows From Financing Activities:    
Increase - security deposits 134,846 32,261
Mortgage and other debt payments (1,116,961) (112,274)
Cash (used) by financing activities (982,115) (80,013)
Increase in cash and cash equivalents 140,253 734,049
Cash and cash equivalents at beginning of period 5,228,826 4,085,704
Cash and cash equivalents at end of period $ 5,369,079 $ 4,819,753