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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Oct. 31, 2021
Jul. 31, 2021
Property and Equipment-at cost:    
Land $ 6,067,805 $ 6,067,805
Buildings held for leasing:    
Buildings, improvements and fixtures 74,889,411 74,547,096
Construction in progress 2,365,315 2,244,959
Property, Plant and Equipment, Gross 77,254,726 76,792,055
Accumulated depreciation (35,244,727) (34,793,458)
Buildings - net 42,009,999 41,998,597
Property and equipment-net 48,077,804 48,066,402
Cash and cash equivalents 2,095,670 1,552,389
Restricted cash 890,322 882,330
Receivables, net 2,312,818 2,416,769
Marketable securities 3,848,599 3,901,093
Prepaids and other assets 1,329,275 2,384,727
Deferred charges, net 3,552,433 3,739,243
Operating lease right-of-use assets 33,932,109 34,566,169
TOTAL ASSETS 96,039,030 97,509,122
Liabilities:    
Mortgages payable 7,233,880 7,518,777
Accounts payable and accrued expenses 2,301,029 2,632,905
Security deposits payable 842,463 834,470
Operating lease liabilities 27,512,368 27,840,930
Deferred income taxes 4,440,000 4,582,000
Total Liabilities 42,329,740 43,409,082
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 49,472,600 49,863,350
Stockholders' Equity before Treasury Stock 54,997,142 55,387,892
Common stock held in treasury, at cost - 162,517 shares at October 31, 2021 and July 31, 2021 (1,287,852) (1,287,852)
Total shareholders' equity 53,709,290 54,100,040
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 96,039,030 $ 97,509,122