v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2020
Jul. 31, 2019
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 45,522,450 $ 53,129,303
Current Assets:    
Cash and cash equivalents (Notes 4 and 10) 3,146,214 4,117,647
Receivables (Note 4) 363,562 402,154
Income taxes refundable    9,683
Restricted cash 145,642 181,193
Prepaid expenses 2,063,854 2,159,701
Total current assets 5,719,272 6,870,378
Other Assets:    
Deferred charges 3,776,403 3,729,818
Accumulated amortization (1,293,596) (1,153,996)
Net 2,482,807 2,575,822
Operating lease right-of-use assets (Notes 1, 5, 7 and 10) 28,220,710   
Restricted cash 762,464 964,884
Unbilled receivables (Notes 4 and 8) 1,625,758 1,668,461
Marketable securities (Notes 3 and 4) 3,770,270 3,580,227
Total other assets 36,862,009 8,789,394
TOTAL ASSETS 88,103,731 68,789,075
Long-Term Liabilities:    
Mortgage payable (Note 6) 4,215,436   
Security deposits payable 667,521 690,422
Payroll and other accrued liabilities 149,647 448,939
Operating lease liabilities (Notes 1, 7 and 10) 18,317,271   
Deferred income taxes (Note 1) 5,123,000 5,096,000
Total long-term liabilities 28,472,875 6,235,361
Current Liabilities:    
Accounts payable 106,200 30,964
Income taxes payable 8,912   
Payroll and other accrued liabilities 2,464,204 2,426,535
Other taxes payable 4,600 8,847
Operating lease liabilities (Notes 1, 7 and 10) 1,221,258   
Current portion of mortgage payable (Note 6) 989,764 5,287,162
Current portion of security deposits payable 156,642 192,193
Total current liabilities 4,951,580 7,945,701
TOTAL LIABILITIES 33,424,455 14,181,062
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
Retained earnings 50,442,586 50,371,323
Stockholders' Equity before Treasury Stock 55,967,128 55,895,865
Common stock held in treasury, at cost - 162,517 shares at January 31, 2020 and at July 31, 2019 (Notes 2 and 11) (1,287,852) (1,287,852)
Total shareholders' equity 54,679,276 54,608,013
Contingencies (Note 12)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 88,103,731 $ 68,789,075