XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2024
Jul. 31, 2023
Property and Equipment-at cost:    
Land $ 6,067,805 $ 6,067,805
Buildings held for leasing:    
Buildings, improvements, and fixtures 78,826,842 77,703,358
Construction in progress 2,649,184 1,767,444
Property, Plant and Equipment, Gross 81,476,026 79,470,802
Accumulated depreciation (39,364,820) (38,123,199)
Buildings held for leasing - net 42,111,206 41,347,603
Property and equipment-net 48,179,011 47,415,408
Cash and cash equivalents 1,171,121 1,215,921
Restricted cash 1,040,761 1,001,814
Receivables, net 3,293,416 3,044,190
Marketable securities 2,149,996 2,300,441
Prepaids and other assets 1,595,361 2,773,004
Deferred charges, net 3,617,588 3,250,700
Operating lease right-of-use assets 29,383,660 30,913,904
TOTAL ASSETS 90,430,914 91,915,382
Liabilities:    
Mortgages payable 4,197,196 5,144,205
Accounts payable and accrued expenses 2,498,676 1,718,435
Security deposits payable 1,120,060 1,005,925
Operating lease liabilities 25,617,760 26,512,112
Deferred income taxes 4,068,000 4,230,000
Total Liabilities 37,501,692 38,610,677
Shareholders’ Equity:    
Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued) 2,178,297 2,178,297
Additional paid in capital 3,346,245 3,346,245
Retained earnings 48,692,532 49,068,015
Stockholders' Equity before Treasury Stock 54,217,074 54,592,557
Common stock held in treasury, at cost - 162,517 shares at April 30, 2024 and July 31, 2023 (1,287,852) (1,287,852)
Total shareholders’ equity 52,929,222 53,304,705
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 90,430,914 $ 91,915,382