XML 32 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Cash Flows From Operating Activities:    
Net income $ 71,263 $ 214,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 782,387 939,284
Loss on disposition of property and equipment 54,121
Amortization of deferred charges 139,600 163,280
Operating lease expense in excess of cash payments 559,248
Deferred finance costs included in interest expense 15,401 11,438
Net realized and unrealized (gain) loss on sale of marketable securities (110,231) 95,802
Other assets - unbilled receivables 42,703 (69,091)
Other assets - deferred charges (46,585) (553,137)
Deferred income taxes 27,000 112,000
Changes in:    
Receivables 38,592 (126,680)
Real estate taxes refundable (45,025)
Income taxes refundable 9,683 3,028
Prepaid expenses 95,847 129,065
Accounts payable 75,236 (28,105)
Payroll and other accrued liabilities (Notes 1 and 10) 687,282 231,108
Income taxes payable 8,912
Other taxes payable (4,247) (4,520)
Cash provided by operating activities 2,446,212 1,073,213
Cash Flows From Investing Activities:    
Acquisition of property and equipment (3,419,989) (1,699,924)
Marketable securities:    
Receipts from sales 447,236 219,744
Payments for purchases (527,048) (296,660)
Cash (used) by investing activities (3,499,801) (1,776,840)
Cash Flows From Financing Activities:    
Borrowing - Mortgage debt 144,080
Increase (decrease) - security deposits payable (58,452) 9,453
Mortgage and other debt payments (122,872) (82,698)
Mortgage financing costs paid (118,571)
Cash (used) by financing activities (155,815) (73,245)
Decrease in cash, cash equivalents and restricted cash (1,209,404) (776,872)
Cash, cash equivalents and restricted cash at beginning of period 5,263,724 6,879,623
Cash, cash equivalents and restricted cash at end of period (Note 10) $ 4,054,320 $ 6,102,751