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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash Flows From Operating Activities:    
Net loss $ (406,568) $ (82,964)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Bad debt expense (recovery) (22,861) (85,410)
Provision (benefit) for deferred income tax (137,000) (62,000)
Net realized (gain) on sale of marketable securities (124,907) (130,009)
Net unrealized loss on marketable securities 366,206
Depreciation 1,725,291 1,688,557
Loss on asset disposal 12,478
Amortization of deferred charges 502,829 452,781
Operating lease expense in excess of cash payments 844,717 1,106,403
Deferred finance costs included in interest expense 38,112 38,112
Deferred charges (832,714) (88,841)
Changes in Operating Assets and Liabilities:    
Receivables (515,174) (187,659)
Prepaids and other assets (275,040) (144,434)
Accounts payable and accrued expenses 553,528 (603,329)
Security deposits payable 72,039 (45,503)
Net cash provided by operating activities 1,434,730 2,221,910
Cash Flows From Investing Activities:    
Acquisition of property and equipment (2,484,141) (1,046,307)
Marketable securities:    
Receipts from sales 2,544,927 287,291
Payments for purchases (119,579) (62,860)
Net cash (used) in investing activities (58,793) (821,876)
Cash Flows From Financing Activities:    
Payments – mortgages (1,308,071) (1,252,196)
Net cash (used) by financing activities (1,308,071) (1,252,196)
Net increase in cash, cash equivalents and restricted cash 67,866 147,838
Cash, cash equivalents and restricted cash at beginning of year 2,217,735 2,069,897
Cash, cash equivalents and restricted cash at end of year $ 2,285,601 $ 2,217,735