CASH FLOW INFORMATION

12 Months Ended

Jul. 31, 2024

Supplemental Cash Flow Elements [Abstract]

CASH FLOW INFORMATION

7. 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 statements of cash flows:

	July 31
	2024		2023
Cash and cash equivalents	$	1,243,977	$	1,215,921
Restricted cash, tenant security deposits		938,580		898,791
Restricted cash, escrow		71,784		71,763
Restricted cash, other		31,260		31,260
	$	2,285,601	$	2,217,735

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:

	July 31,
	2024		2023
Cash Flow Information
Interest paid, net of capitalized interest of $85,610 (2024), and $47,472 (2023)	$	141,975	$	234,596
Income tax (refunded)		—		—
Non-cash information
Recognition of operating lease right-of-use assets		—	$	1,201,952
Recognition of operating lease liabilities		—		1,201,952