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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Revenues        
Rental income $ 5,046,867 $ 5,039,060 $ 9,881,861 $ 10,074,975
Total revenues 5,046,867 5,039,060 9,881,861 10,074,975
Expenses        
Real estate operating expenses 3,585,546 3,568,752 7,168,163 6,817,346
Administrative and general expenses 1,343,669 1,311,011 2,513,192 2,526,646
Depreciation 445,504 394,977 889,443 782,387
Total expenses 5,374,719 5,274,740 10,570,798 10,126,379
Loss from operations (327,852) (235,680) (688,937) (51,404)
Investment income and interest expense:        
Investment income 76,935 75,915 166,161 140,918
Change in fair value of marketable securities 238,969 82,536 24,015 63,250
Interest expense (82,159) (27,052) (167,770) (54,501)
Total investment income and interest expense 233,745 131,399 22,406 149,667
Income (loss) before income taxes (94,107) (104,281) (666,531) 98,263
Income taxes (benefit) (40,000) (47,000) (197,000) 27,000
Net income (loss) $ (54,107) $ (57,281) $ (469,531) $ 71,263
Income (loss) per common share, basic and diluted $ (.02) $ (.02) $ (0.23) $ 0.04
Average common shares outstanding, basic and diluted 2,015,780 2,015,780 2,015,780 2,015,780