v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Apr. 30, 2017
Jul. 31, 2016
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 49,447,142 $ 49,064,737
Current Assets:    
Cash and cash equivalents (Note 4) 5,369,079 5,228,826
Receivables (Note 4) 139,672 293,317
Income taxes refundable 22,612 17,004
Security deposit 14,185   
Prepaid expenses 865,774 1,553,217
Total current assets 6,411,322 7,092,364
Other Assets:    
Deferred charges 3,715,026 3,348,031
Less accumulated amortization 1,605,167 1,404,267
Net 2,109,859 1,943,764
Security deposits 1,279,999 1,159,338
Unbilled receivables (Notes 4 and 8) 2,062,185 2,222,846
Marketable securities (Notes 3 and 4) 2,721,419 2,062,205
Total other assets 8,173,462 7,388,153
TOTAL ASSETS 64,031,926 63,545,254
Long-Term Debt:    
Mortgage payable (Note 5) 5,445,516 5,549,600
Security deposits payable 1,018,626 897,965
Payroll and other accrued liabilities 30,459 90,917
Deferred Income Taxes (Note 1) 5,349,000 4,617,000
Total long-term debt 11,843,601 11,155,482
Current Liabilities:    
Accounts payable 96,100 80,343
Payroll and other accrued liabilities 2,350,983 2,153,850
Security deposit payable 14,185   
Deferred revenue (Note 13) 145,832 1,020,833
Other taxes payable 5,400 6,963
Current portion of note payable - related party (Note 7)    1,000,000
Current portion of long-term debt (Note 5) 161,123 156,846
Total current liabilities 2,773,623 4,418,835
TOTAL LIABILITIES 14,617,224 15,574,317
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 $162,000 at April 30, 2017 and $136,000 at July 31, 2016 316,485 264,541
Retained earnings 44,861,527 43,469,706
Stockholders' Equity before Treasury Stock 50,702,554 49,258,789
Less common stock held in treasury, at cost - 162,517 shares at April 30, 2017 and at July 31, 2016 (Note 11) 1,287,852 1,287,852
Total shareholders' equity 49,414,702 47,970,937
Contingencies (Notes 9 and 14)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 64,031,926 $ 63,545,254