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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Cash Flows From Operating Activities:    
Net income $ 1,514,801 $ 2,974,141
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (benefit) for deferred income taxes 590,000 (1,254,000)
Net Realized and unrealized (gain) loss on sale of marketable securities (325,044) 805
Depreciation 1,960,994 1,775,690
Amortization of deferred charges 295,926 296,298
Deferred finance costs included in interest expense 22,877 22,877
Other assets - deferred charges (1,013,031) (74,095)
- unbilled receivables 8,632 266,555
Changes in:    
Receivables (149,850) (87,588)
Prepaid expenses (208,569) (276,113)
Income taxes refundable (891) (1,901)
Accounts payable (43,241) (4,898)
Payroll and other accrued liabilities 771,115 (411,257)
Other taxes payable 607 105
Net cash provided by operating activities 3,424,326 3,226,619
Cash Flows From Investing Activities:    
Acquisition of property and equipment (4,297,313) (3,083,585)
Marketable securities:    
Receipts from sales 219,744 268,857
Payments for purchases (333,099) (354,103)
Net cash (used) by investing activities (4,410,668) (3,168,831)
Cash Flows From Financing Activities:    
Increase (decrease) - security deposits payable (461,056) 307,474
Payments - mortgage and other debt payments (168,501) (162,568)
Net cash provided (used) by financing activities (629,557) 144,906
Net increase (decrease) in cash, cash equivalents and restricted cash (1,615,899) 202,694
Cash, cash equivalents and restricted cash at beginning of year 6,879,623 6,676,929
Cash, cash equivalents and restricted cash at end of year (Note 9) $ 5,263,724 $ 6,879,623