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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash Flows From Operating Activities:    
Net income (loss) $ (712,371) $ 398,032
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Bad debt expense 352,920 236,000
Provision (Benefit) for deferred income tax (290,000) (159,000)
Net realized (gain) on sale of marketable securities (131,786) (73,783)
Net unrealized (gain) loss on marketable securities 393,763 (446,126)
Depreciation 1,742,458 1,785,468
Amortization of deferred charges 507,564 385,967
Operating lease expense in excess of cash payments 1,217,044 1,306,833
Deferred finance costs included in interest expense 38,112 38,112
Extinguishment of debt (722,726)
Deferred charges (382,961) (1,138,562)
Receivables (707,272) (432,823)
Prepaids and other assets (243,843) 4,855
Accounts payable and accrued expenses (311,141) (138,635)
Security deposits payable 216,958 24,818
Net cash provided by operating activities 1,689,445 1,068,430
Cash Flows From Investing Activities:    
Acquisition of property and equipment (1,733,714) (2,253,933)
Marketable securities:    
Receipts from sales 1,001,854 960,597
Payments for purchases (123,807) (596,876)
Net cash (used) in investing activities (855,667) (1,890,212)
Cash Flows From Financing Activities:    
Payments - mortgages (1,198,600) (1,147,300)
Net cash (used) by financing activities (1,198,600) (1,147,300)
Net decrease in cash, cash equivalents and restricted cash (364,822) (1,969,082)
Cash, cash equivalents and restricted cash at beginning of year 2,434,719 4,403,801
Cash, cash equivalents and restricted cash at end of year $ 2,069,897 $ 2,434,719