Operating Leases (Tables)

9 Months Ended

Apr. 30, 2025

Operating Leases

Schedule of revenues by lease and non-lease components

	Three Months Ended April 30				Nine Months Ended April 30
	2025		2024		2025		2024
Base rent - fixed	$	5,108,916	$	4,897,366	$	15,380,462	$	14,773,886
Reimbursements of common area costs		190,017		201,494		491,610		548,048
Non-lease components (real estate taxes)		333,218		265,464		942,652		781,034
Rental income	$	5,632,151	$	5,364,324	$	16,814,724	$	16,102,968

Schedule of future minimum non-cancelable rental income

	As of April 30, 2025
Fiscal Year	Company Owned Property		Leased Property		Total
For the remainder of 2025	$	3,219,428	$	1,658,327	$	4,877,755
2026		9,388,302		5,030,361		14,418,663
2027		8,134,370		4,569,238		12,703,608
2028		7,296,798		4,523,987		11,820,785
2029		6,564,395		3,699,601		10,263,996
2030		5,008,575		2,277,687		7,286,262
After 2030		16,897,629		6,801,309		23,698,938
Total	$	56,509,497	$	28,560,510	$	85,070,007

Schedule of sublease rental income

	Three Months Ended April 30						Nine Months Ended April 30
	2025			2024			2025			2024
Sublease income included in base rent-fixed	$	1,863,814		$	1,813,879		$	5,529,394		$	5,485,078
Operating lease cost		(749,726	)		(749,180	)		(2,248,031	)		(2,246,875	)
Excess of sublease income over lease cost	$	1,114,088		$	1,064,699		$	3,281,363		$	3,238,203

Schedule of other information related to operating leases

	Three Months Ended April 30				Nine Months Ended April 30
Other information:	2025		2024		2025		2024
Operating cash flows from operating leases	$	542,501	$	538,294	$	1,623,144	$	1,610,243

Schedule of annual undiscounted cash flows of the operating lease liabilities

Period Ended April 30,	Operating Leases
2026	$	2,201,559
2027		2,323,725
2028		2,343,903
2029		2,364,753
2030		2,386,296
Thereafter		19,871,896
Total undiscounted cash flows		31,492,132
Less: present value discount		(7,131,001	)
Total Lease Liabilities	$	24,361,131