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DEFERRED CHARGES
 12 Months Ended
Jul. 31, 2025
Revenue Recognition and Deferred Revenue [Abstract]  
DEFERRED CHARGES

9. DEFERRED CHARGES:

 

Deferred charges for the fiscal years ended July 31, 2025 and 2024 consist of the following:

 

                               
   July 31, 2025   July 31, 2024 
   Gross
Carrying
Amount		   Accumulated
Amortization		   Gross
Carrying
Amount		   Accumulated
Amortization		 
Leasing brokerage commissions  $6,463,376   $3,000,205   $6,350,308   $2,794,954 
Deferred Mortgage Placement Cost   35,000    —    —    — 
Professional fees for leasing   81,826    62,180    81,826    56,595 
Total  $6,580,202   $3,062,385   $6,432,134   $2,851,549 

 

The aggregate amortization expense for the periods ended July 31, 2025 and July 31, 2024 were $506,044, and $502,829, respectively.

 

The weighted average life of current year additions to deferred charges was approximately ten years.

 

The estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows:

 

       
Year Ended July 31  Amortization 
2026  $506,404 
2027  $457,859 
2028  $449,443 
2029  $410,331 
2030  $314,668