INCOME TAX (Tables)

12 Months Ended

Jul. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of income tax expense

	2024			2023
Current:
Federal	$	—		$	—
Deferred taxes (benefit):
Federal		(90,000	)		(33,000	)
State		(47,000	)		(29,000	)
Income tax provision (benefit)	$	(137,000	)	$	(62,000	)

Schedule of federal statutory tax rate to pre-tax income

	2024			2023
Loss before income taxes	$	(543,568	)	$	(144,964	)
Other-net		(15,521	)		(26,852	)
Adjusted pre-tax loss	$	(559,089	)	$	(171,816	)
Statutory rate		21.00	%		21.00	%
Income tax provision (benefit) at statutory rate	$	(117,409	)	$	(36,081	)
State deferred income taxes (benefit)		(47,000	)		(29,000	)
Other-net		27,409			3,081
Income tax provision (benefit)	$	(137,000	)	$	(62,000	)

Schedule of deferred tax assets and liabilities

	2024				2023
	Deferred Tax Assets		Deferred Tax Liabilities		Deferred Tax Assets		Deferred Tax Liabilities
Rental income received in advance	$	180,818	$	—	$	150,864	$	—
Operating lease liabilities		7,005,732		—		7,338,553		—
Federal net operating loss carryforward		2,136,250		—		1,929,890		—
State net operating loss carryforward		954,564		—		829,669		—
Unbilled receivables		—		839,286		—		729,375
Property and equipment		—		5,569,384		—		5,065,135
Unrealized loss on marketable securities		—		—		—		221,521
Operating lease right-of-use assets		—		7,990,330		—		8,556,969
Other		28,636		—		94,024		—
	$	10,306,000	$	14,399,000	$	10,343,000	$	14,573,000
Net deferred tax liability			$	4,093,000			$	4,230,000

Schedule of components of the deferred tax provision (benefit)

	2024			2023
Book depreciation exceeding tax depreciation	$	504,386		$	14,000
Reserve for bad debts		61,355			35,255
Lease expense per book in excess of cash paid		(233,818	)		(301,218	)
Federal net operating loss carryforward		(206,360	)		189,665
State net operating loss carryforward		(124,894	)		(18,725	)
Rental income received in advance		(29,954	)		14,120
Unbilled receivables		109,911			106,158
Other		(217,626	)		(101,255	)
	$	(137,000	)	$	(62,000	)