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

6 Months Ended

Jan. 31, 2021

Accounting Policies [Abstract]

Schedule of Allowance for Uncollectible Receivables

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

	Allowance for
	Uncollectible
	Accounts Receivable						Bad Debt Expense
	Period Ended						Three Months Ended				Six Months Ended
	January 31			July 31			January 31				January 31
	2021			2020			2021		2020		2021			2020
Beginning balance	$	82,000		$	–		$	–	$	–	$	–		$	–
Charge-offs		92,000			423,232			92,000		40,292		92,000			40,292
Recoveries		(18,000	)		(91,840	)		–		–		(18,000	)		–
Rent Abatements reclassified to reduce rental income		–			(249,392	)		–		–		–			–
Ending Balance	$	156,000		$	82,000		$	92,000	$	40,292	$	74,000		$	40,292

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