SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 31, 2020

Accounting Policies [Abstract]

Schedule of Investments Measured At Fair Value

In accordance with the provisions of Fair Value Measurements, the following are the Company’s financial assets measured on a recurring basis presented at fair value.

Fair value measurements at reporting date using

Description

July 31, 2020

Level 1

Level 2

Level 3

July 31, 2019

Level 1

Level 2

Level 3

Assets:

Marketable securities - available-for-sale

$3,744,905

$3,744,905

$–

$–

$3,580,227

$3,580,227

$–

$–

Schedule of Allowance for Uncollectible Receivables

Activity in the allowance for uncollectible receivables for each period follows:

	Allowance for
	Uncollectible					Bad Debt Expense as a
	Accounts Receivable					Reduction to Rent Revenue
	Year Ended July 31					Year Ended July 31
	2020			2019		2020			2019
Beginning balance	$	–			$–	$	–		$	–
Charge-offs prior to recording allowance April 30, 2020		–			–		40,292			118,238
Initial recording of allowance, April 30, 2020		556,000			–		556,000			–
Charge-offs		(132,768	)		–					–
Recoveries		(91,840	)		–		(91,840	)		–
COVID 19 rent abatements reclassed to reduce rental income		(249,392	)				(249,392	)
Ending Balance	$	82,000			$–	$	255,060		$	118,238

Schedule of Property and Equipment Depreciation and Amortization Period

Property and equipment are stated at cost. Depreciation is calculated using the straight-line method and the declining-balance method. Amortization of improvements to leased property is calculated over the life of the lease. Lives used to determine depreciation and amortization are generally as follows:

Buildings and improvements	18-40 years
Improvements to leased property	3-10 years
Fixtures and equipment	7-12 years
Other	3-5 years