Cash Flow Information

6 Months Ended

Jan. 31, 2020

Supplemental Cash Flow Elements [Abstract]

Cash Flow Information

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:

	January 31
	2020		2019
Cash and cash equivalents	$	3,146,214	$	4,469,048
Restricted cash, tenant security deposits		808,663		1,341,824
Restricted cash, escrow		71,603		258,399
Restricted cash, other		27,840		33,480
	$	4,054,320	$	6,102,751

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:	Six Months Ended
	January 31
	2020			2019
Cash Flow Information
Interest paid, net of capitalized interest of $64,759 (2020) and $20,155 (2019)	$	35,210		$	78,146
Income taxes paid (refunded)		(23,041	)		–
Non-cash information
Recognition of operating lease right-of-use assets	$	29,384,531
Recognition of operating lease liabilities		20,143,101
Mortgage refinance		5,255,920