Cash Flow Information

9 Months Ended

Apr. 30, 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:

	April 30
	2024		2023
Cash and cash equivalents	$	1,171,121	$	2,359,860
Restricted cash, tenant security deposits		937,738		886,692
Restricted cash, escrow		71,763		71,742
Restricted cash, other		31,260		31,260
	$	2,211,882	$	3,349,554

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:	Nine Months Ended April 30
	2024		2023
Cash Flow Information
Interest paid, net of capitalized interest of $66,831 (2024) and $35,345 (2023)	$	109,663	$	182,140
Income taxes paid (refunded)		–		–
Non-cash information
Recognition of operating lease right-of-use assets	$	–	$	1,201,952
Recognition of operating lease liabilities		–		1,201,952