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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Cash Flows From Operating Activities:    
Net income $ 3,167,496 $ 1,391,821
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,311,386 1,253,091
Amortization of deferred charges 222,600 200,900
Deferred finance costs included in interest expense 17,154 17,154
Realized (gain) loss on sale of marketable securities 805 (23,734)
Other assets - unbilled receivables 204,016 160,661
Other assets - deferred charges (20,488) (366,995)
Provision (benefit) for deferred income taxes (2,063,000) 706,000
Deferred revenue (875,001)
Changes in:    
Receivables 101,563 153,645
Income taxes refundable (40,369) (5,608)
Prepaid expenses 721,673 687,443
Accounts payable (60,703) 15,757
Payroll and other accrued liabilities (660,481) 136,675
Other taxes payable (1,835) (1,563)
Cash provided by operating activities 2,899,817 3,450,246
Cash Flows From Investing Activities:    
Acquisition of property and equipment (1,831,066) (1,635,496)
Restricted cash (318,828) (134,846)
Marketable securities:    
Receipts from sales 268,857 282,434
Payments for purchases (98,340) (839,970)
Cash (used) by investing activities (1,979,377) (2,327,878)
Cash Flows From Financing Activities:    
Increase - security deposits payable 297,653 134,846
Mortgage and other debt payments (121,238) (1,116,961)
Cash provided (used) by financing activities 176,415 (982,115)
Increase in cash and cash equivalents 1,096,855 140,253
Cash and cash equivalents at beginning of period 5,381,195 5,228,826
Cash and cash equivalents at end of period $ 6,478,050 $ 5,369,079