XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Revenues    
Rental income $ 21,396,035 $ 20,212,879
Total revenues 21,396,035 20,212,879
Expenses    
Real estate operating expenses 14,662,851 14,306,967
Administrative and general expenses 5,647,733 4,958,227
Depreciation 1,742,458 1,785,468
Total expenses 22,053,042 21,050,662
Loss from operations (657,007) (837,783)
Other income and interest expense    
Investment income 300,377 173,548
Change in fair value of marketable securities (393,763) 446,126
Interest expense (251,978) (265,585)
Extinguishment of debt 722,726
Total investment income and interest expense (345,364) 1,076,815
Income (loss) before income tax (1,002,371) 239,032
Income tax provision (benefit) (290,000) (159,000)
Net loss $ (712,371) $ 398,032
Income (loss) per common share, basic and diluted (in Dollars per share) $ (0.35) $ 0.20
Dividends per share (in Dollars per share)
Average common shares outstanding, basic and diluted (in Shares) 2,015,780 2,015,780