v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2017
Jul. 31, 2017
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 50,078,177 $ 49,485,089
Current Assets:    
Cash and cash equivalents (Note 4) 5,707,685 5,381,195
Receivables (Note 4) 182,128 164,716
Income taxes refundable 31,081 6,891
Restricted cash 15,126 15,905
Prepaid expenses 1,006,410 1,675,019
Total current assets 6,942,430 7,243,726
Other Assets:    
Deferred charges 3,465,062 3,465,062
Less: accumulated amortization 1,458,342 1,384,142
Net 2,006,720 2,080,920
Restricted cash 1,283,496 1,279,829
Unbilled receivables (Notes 4 and 7) 1,871,214 1,943,648
Marketable securities (Notes 3 and 4) 2,935,306 2,815,727
Total other assets 8,096,736 8,120,124
TOTAL ASSETS 65,117,343 64,848,939
Long-Term Liabilities:    
Mortgage payable (Note 5) 5,374,466 5,409,908
Security deposits payable 1,061,924 1,020,292
Deferred Income Taxes (Note 1) 5,877,000 5,637,000
Total long-term liabilities 12,313,390 12,067,200
Current Liabilities:    
Accounts payable 52,634 79,103
Payroll and other accrued liabilities 2,102,635 2,515,616
Other taxes payable 5,100 8,135
Current portion of mortgage payable (Note 5) 164,044 162,569
Current portion of security deposits Payable 15,126 15,905
Total current liabilities 2,339,539 2,781,328
TOTAL LIABILITIES 14,652,929 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 $225,000 at October 31, 2017 and $190,000 at July 31, 2017 437,084 368,476
Retained earnings 45,790,640 45,395,245
Stockholders' Equity before Treasury Stock 51,752,266 51,288,263
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2017 and at July 31, 2017 (Note 10) 1,287,852 1,287,852
Total shareholders' equity 50,464,414 50,000,411
Contingencies (Notes 13)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 65,117,343 $ 64,848,939