Cash Flow Information

9 Months Ended

Apr. 30, 2019

Supplemental Cash Flow Elements [Abstract]

Cash Flow Information

9.	Cash Flow Information:
	For purposes of reporting cash flows, the Company considers cash equivalents to consist of short-term highly liquid investments with maturities of three (3) months or less, which are readily convertible into cash. The following is a reconciliation of the Company’s cash and cash equivalents and restricted cash to the total presented on the consolidated statement of cash flows:

	April 30
	2019		2018
Cash and cash equivalents	$	5,330,262	$	6,478,050
Restricted cash, tenant security deposits		1,342,124		1,322,850
Restricted cash, escrow		258,399		258,232
Restricted cash, other		33,480		33,480
	$	6,964,265	$	8,092,612

Amounts in restricted cash primarily consist of cash held in bank accounts for tenant security deposits, amounts set aside in accordance with certain loan agreements, and security deposits with landlords and utility companies.

Supplemental disclosure:	Nine Months Ended
	April 30
	2019		2018
Interest paid, net of capitalized interest of $41,024 (2019) and $23,609 (2018)	$	104,802	$	175,718
Income taxes paid	$	–	$	31,994