Cash Flow Information

3 Months Ended

Oct. 31, 2019

Supplemental Cash Flow Elements [Abstract]

10.	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:

	October 31
	2019		2018
Cash and cash equivalents	$	4,993,422	$	6,147,991
Restricted cash, tenant security deposits		810,844		1,340,188
Restricted cash, escrow		71,603		258,399
Restricted cash, other		27,840		33,480
	$	5,903,709	$	7,780,058

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:	Three Months Ended
	October 31
	2019		2018
Cash Flow Information
Interest paid, net of capitalized interest of $26,456 (2019) and $15,067 (2018)	$	22,861	$	34,272
Income taxes paid	$	–	$	–

Non-cash information
Initial recognition of operating lease right-of-use assets	$	27,104,937
Initial recognition of operating lease liabilities	$	17,863,507