Property and Equipment (Tables)

3 Months Ended

Oct. 31, 2019

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

All buildings owned by the Company are held for leasing except for a small portion used for Company Offices.

	October 31		July 31
	2019		2019
Land	$	6,067,805	$	6,067,805
Buildings held for leasing:
Buildings and improvements		66,112,845		86,461,353
Improvements to leased property		–		1,478,012
Construction in progress		3,252,057		2,325,940
		69,364,902		90,265,305
Less accumulated depreciation		31,564,537		43,310,270
Buildings - net		37,800,365		46,955,035
Fixtures and equipment and other:
Fixtures and equipment		144,545		144,545
Other fixed assets		162,010		164,066
		306,555		308,611
Less accumulated depreciation		177,497		202,148
Fixtures and equipment and other - net		129,058		106,463
Property and equipment - net	$	43,997,228	$	53,129,303

Schedule of property and equipment construction in progress

Construction in progress includes:
	October 31		July 31
	2019		2019
Building improvements at 9 Bond Street in Brooklyn, NY	$	223,680	$	29,132
Building improvements at 25 Elm Place in Brooklyn, NY		581,783		426,533
Improvements to leased property		131,119		303,975
Building improvements at Fishkill, NY building		2,315,475		1,566,300
	$	3,252,057	$	2,325,940

Schedule of Leased Property real estate Rental Operations Consists

Leased property included in the Company's real estate rental operations consists of the following:

	Estimated Useful Life	October 31, 2019
Operating lease right-of-use-assets	Lease Terms – 7 to 54 years	$	27,104,937
Less: Accumulated Amortization			(579,094	)
Operating lease right-of-use-assets		$	26,525,843