Cash Flow Information

6 Months Ended

Jan. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Cash Flow Information

8. Cash Flow Information:

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:

	January 31
	2024		2023
Cash and cash equivalents	$	691,515	$	1,352,944
Restricted cash, tenant security deposits		952,902		886,692
Restricted cash, escrow		71,763		71,742
Restricted cash, other		31,260		27,140
	$	1,747,440	$	2,338,518

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:	Six Months Ended January 31
	2024		2023
Cash Flow Information
Interest paid, net of capitalized interest of $48,364 (2024) and $13,852 (2023)	$	73,178	$	136,000
Income taxes paid (refunded)		–		–