Operating Leases (Tables)

3 Months Ended

Oct. 31, 2021

Leases [Abstract]

Schedule of Revenues by Lease and non-lease components

The following table disaggregates the Company's revenues by lease and non-lease components:

	Three Months Ended
	October 31,
	2021		2020
Base rent - fixed	$	4,675,832	$	4,432,578
Reimbursements of common area costs		160,317		154,531
Non-lease components (real estate taxes)		243,398		247,885
Rental income	$	5,079,547	$	4,834,994

Schedule of Future Minimum Non-Cancelable Rental Income

Future minimum non-cancelable rental income for leases with initial or remaining terms of one year or more is as follows:

	As of October 31, 2021
	Company
	Owned		Leased
Fiscal Year	Property		Property		Total
For the remainder of 2022	$	8,338,730	$	3,671,674	$	12,010,404
2023		9,790,555		3,217,737		13,008,292
2024		7,779,932		2,934,120		10,714,052
2025		7,411,636		2,548,718		9,960,354
2026		6,562,590		2,414,235		8,976,825
2027		4,525,445		1,437,264		5,962,709
After 2027		28,927,760		5,751,930		34,679,690
Total	$	73,336,648	$	21,975,678	$	95,312,326

Schedule of rental expense

Operating lease costs for leased real property was exceeded by sublease rental income from the Company’s real estate operations as follows:

	Three Months Ended October 31,
	2021			2020
Sublease income	$	1,786,176		$	1,728,033
Operating lease cost		(832,711	)		(832,713	)
Excess of sublease income over lease cost	$	953,465		$	895,320

Schedule of annual undiscounted cash flows of the operating lease liabilities

The following is a maturity analysis of the annual undiscounted cash flows of the operating lease liabilities as of October 31, 2021:

	Operating
Period Ended	Leases
October 31, 2022	$	2,120,437
October 31, 2023		2,137,167
October 31, 2024		2,154,504
October 31, 2025		2,171,538
October 31, 2026		2,245,786
Thereafter		24,761,376
Total undiscounted cash flows		35,590,808
Less: present value discount		(8,078,440	)
Total Lease Liabilities	$	27,512,368

Schedule of Additional Information Related to Leases

	Three Months Ended October 31,
Other information:	2021		2020
Operating cash flows from operating leases	$	527,214	$	492,332