Cash Flow Information (Tables)

3 Months Ended

Oct. 31, 2021

Supplemental Cash Flow Elements [Abstract]

Schedule of cash and cash equivalents and restricted cash

For purposes of reporting cash flows, the Company considers cash equivalents to consist of short-term highly liquid investments with maturities of three months or less, which are readily convertible into cash. The following is a reconciliation of the Company’s cash and cash equivalents and restricted cash to the total presented on the consolidated statement of cash flows:

	October 31
	2021		2020
Cash and cash equivalents	$	2,095,670	$	3,821,276
Restricted cash, tenant security deposits		791,462		794,151
Restricted cash, escrow		71,720		134,175
Restricted cash, other		27,140		27,840
	$	2,985,992	$	4,777,442

Schedule of supplemental disclosure

Amounts in restricted cash primarily consist of cash held in bank accounts for tenant security deposits, amounts set aside in accordance with certain loan agreements, and security deposits with landlords and utility companies.

Supplemental disclosure:	Three Months Ended
	October 31
	2021		2020
Cash Flow Information
Interest paid, net of capitalized interest of $7,762 (2021) and $17,132 (2020)	$	81,527	$	67,839
Income taxes paid (refunded)		–		–