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CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2020
Jul. 31, 2019
Property and Equipment-at cost:    
Land $ 6,067,805 $ 6,067,805
Buildings held for leasing:    
Buildings, improvements and fixtures 73,271,398 88,247,976
Construction in progress 1,266,723 2,325,940
Property, Plant and Equipment, Gross 74,538,121 90,573,916
Accumulated depreciation (33,007,989) (43,512,418)
Buildings - net 41,530,132 47,061,498
Property and equipment-net 47,597,937 53,129,303
Cash and cash equivalents 3,260,135 4,117,647
Restricted cash 1,143,666 1,146,077
Receivables, net 2,219,946 2,070,615
Marketable securities 3,744,905 3,580,227
Prepaids and other assets 2,389,582 2,169,384
Deferred charges, net 2,986,648 2,575,822
Operating lease right-of-use assets 37,077,038
TOTAL ASSETS 100,419,857 68,789,075
Liabilities:    
Mortgage payable 8,627,965 5,287,162
Note payable 722,726
Accounts payable and accrued expenses 2,771,540 2,915,285
Security deposits payable 809,652 882,615
Operating lease liabilities 29,044,966
Deferred income taxes 4,741,000 5,096,000
Total liabilities 46,717,849 14,181,062
Shareholders Equity:    
Common stock, par value $1 each share (shares-5,000,000 authorized; 2,178,297 issued) 2,178,297 2,178,297
Additional paid in capital 3,346,245 3,346,245
Retained earnings 49,465,318 50,371,323
Stockholders' Equity before Treasury Stock 54,989,860 55,895,865
Common stock held in treasury, at cost - 162,517 shares at July 31, 2020 and July 31, 2019 (1,287,852) (1,287,852)
Total shareholders' equity 53,702,008 54,608,013
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 100,419,857 $ 68,789,075