v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2019
Jul. 31, 2018
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 51,553,622 $ 50,792,984
Current Assets:    
Cash and cash equivalents (Notes 4 and 9) 4,469,048 5,255,073
Receivables (Note 4) 378,984 252,304
Real estate taxes refundable 45,025   
Income taxes refundable 5,764 8,792
Restricted cash 82,643 100,789
Prepaid expenses 1,822,067 1,951,132
Total current assets 6,803,531 7,568,090
Other Assets:    
Deferred charges 3,781,299 3,228,162
Less: accumulated amortization 1,532,725 1,369,445
Net 2,248,574 1,858,717
Restricted cash 1,551,060 1,523,761
Unbilled receivables (Notes 4 and 7) 1,746,184 1,677,093
Marketable securities (Notes 3 and 4) 3,122,944 3,141,828
Total other assets 8,668,762 8,201,399
TOTAL ASSETS 67,025,915 66,562,473
Long-Term Liabilities:    
Mortgage payable (Note 5) 5,189,953 5,264,285
Security deposits payable 1,269,981 1,242,382
Deferred income taxes (Note 1) 4,618,000 4,506,000
Total long-term liabilities 11,077,934 11,012,667
Current Liabilities:    
Accounts payable 46,100 74,205
Payroll and other accrued liabilities 2,335,467 2,104,359
Other taxes payable 3,720 8,240
Current portion of mortgage payable (Note 5) 171,573 168,501
Current portion of security deposits payable 83,143 101,289
Total current liabilities 2,640,003 2,456,594
TOTAL LIABILITIES 13,717,937 13,469,261
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 marketable securities - net of deferred taxes of $313,000 at July 31, 2018    487,136
Retained earnings 49,071,288 48,369,386
Stockholders' Equity before Treasury Stock 54,595,830 54,381,064
Less common stock held in treasury, at cost - 162,517 shares at January 31, 2019 and at July 31, 2018 (Note 10) 1,287,852 1,287,852
Total shareholders' equity 53,307,978 53,093,212
Contingencies (Note 12)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 67,025,915 $ 66,562,473