The Impact of COVID-19 on our Results and Operations (Tables)

3 Months Ended

Oct. 31, 2020

Accounting Policies [Abstract]

Schedule of Allowance for Uncollectible Receivables

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

	Three Months Ended			Year Ended
	October 31, 2020			July 31, 2020
Beginning balance allowance for doubtful accounts	$	82,000		$	–
Initial recording of allowance, April 30, 2020					556,000
Chargeoffs					(132,768	)
Recoveries		(18,000	)	$	(91,840	)
Rent abatements reclassified to reduce rental income				$	(249,392	)
Ending balance allowance for doubtful accounts	$	64,000		$	82,000

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