v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2018
Jul. 31, 2017
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 49,874,957 $ 49,485,089
Current Assets:    
Cash and cash equivalents (Note 4) 5,160,798 5,381,195
Receivables (Note 4) 231,162 164,716
Income taxes refundable 55,192 6,891
Restricted cash 97,719 15,905
Prepaid expenses 1,741,986 1,675,019
Total current assets 7,286,857 7,243,726
Other Assets:    
Deferred charges 3,465,062 3,465,062
Less: accumulated amortization 1,532,542 1,384,142
Net 1,932,520 2,080,920
Restricted cash 1,457,843 1,279,829
Unbilled receivables (Notes 4 and 7) 1,805,624 1,943,648
Marketable securities (Notes 3 and 4) 3,131,829 2,815,727
Total other assets 8,327,816 8,120,124
TOTAL ASSETS 65,489,630 64,848,939
Long-Term Liabilities:    
Mortgage payable (Note 5) 5,338,647 5,409,908
Security deposits payable 1,223,630 1,020,292
Deferred Income Taxes (Note 1) 3,566,000 5,637,000
Total long-term liabilities 10,128,277 12,067,200
Current Liabilities:    
Accounts payable 69,800 79,103
Payroll and other accrued liabilities 1,985,965 2,515,616
Other taxes payable 14,747 8,135
Current portion of mortgage payable (Note 5) 165,532 162,569
Current portion of security deposits Payable 98,219 15,905
Total current liabilities 2,334,263 2,781,328
TOTAL LIABILITIES 12,462,540 14,848,528
Shareholders' Equity:    
Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued) 2,178,297 2,178,297
Additional paid in capital 3,346,245 3,346,245
Unrealized gain on available-for-sale securities - net of deferred taxes of $261,000 at January 31, 2018 and $190,000 at July 31, 2017 545,831 368,476
Retained earnings 48,244,569 45,395,245
Stockholders' Equity before Treasury Stock 54,314,942 51,288,263
Less common stock held in treasury, at cost - 162,517 shares at January 31, 2018 and at July 31, 2017 (Note 10) 1,287,852 1,287,852
Total shareholders' equity 53,027,090 50,000,411
Contingencies (Notes 13)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 65,489,630 $ 64,848,939