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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Revenues        
Rental income $ 5,484,082 $ 5,161,888 $ 15,891,978 $ 15,043,749
Total revenues 5,484,082 5,161,888 15,891,978 15,043,749
Expenses        
Real estate operating expenses 3,763,723 3,714,427 11,063,910 10,882,590
Administrative and general expenses 1,281,229 1,243,872 4,102,753 3,757,064
Depreciation 421,858 445,825 1,325,540 1,335,268
Total expenses 5,466,810 5,404,124 16,492,203 15,974,922
Income (loss) from operations 17,272 (242,236) (600,225) (931,173)
Other income and interest expense:        
Investment income 3,467 7,960 208,769 174,121
Change in fair value of marketable securities (61,161) 252,736 (297,899) 276,751
Interest expense (33,615) (86,381) (192,262) (254,151)
Total investment income and interest expense (91,309) 174,315 (281,392) 196,721
Loss from operations before income taxes (74,037) (67,921) (881,617) (734,452)
Income taxes provided (benefit) (17,000) (26,000) (238,000) (223,000)
Net loss $ (57,037) $ (41,921) $ (643,617) $ (511,452)
Loss per common share, basic and diluted (in Dollars per share) $ (0.03) $ (0.02) $ (0.32) $ (0.25)
Dividends per share (in Dollars per share)
Average common shares outstanding, basic and diluted (in Shares) 2,015,780 2,015,780 2,015,780 2,015,780