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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2023
Jan. 31, 2022
Revenues        
Rental income $ 5,837,819 $ 5,328,349 $ 11,607,553 $ 10,407,896
Total revenues 5,837,819 5,328,349 11,607,553 10,407,896
Expenses        
Real estate operating expenses 3,958,144 3,670,065 7,743,565 7,300,187
Administrative and general expenses 1,406,855 1,417,412 2,657,086 2,821,524
Depreciation 422,815 452,412 841,311 903,682
Total expenses 5,787,814 5,539,889 11,241,962 11,025,393
Income (loss) from operations 50,005 (211,540) 365,591 (617,497)
Other income and interest expense:        
Investment income 75,010 198,535 83,807 205,302
Change in fair value of marketable securities 5,762 (183,611) (181,441) (236,738)
Interest expense (71,039) (78,214) (133,702) (158,647)
Total investment income and interest expense 9,733 (63,290) (231,336) (190,083)
Income (loss) from operations before income taxes 59,738 (274,830) 134,255 (807,580)
Income taxes provided (benefit) 15,000 (79,000) 30,000 (221,000)
Net income (loss) $ 44,738 $ (195,830) $ 104,255 $ (586,580)
Income (loss) per common share, basic (in Dollars per share) $ 0.02 $ (0.10) $ 0.05 $ (0.29)
Dividends per share (in Dollars per share)
Average common shares outstanding, basic (in Shares) 2,015,780 2,015,780 2,015,780 2,015,780