v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2018
Jul. 31, 2018
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 51,148,862 $ 50,792,984
Current Assets:    
Cash and cash equivalents (Notes 4 and 9) 6,147,991 5,255,073
Receivables (Note 4) 200,594 252,304
Income taxes refundable 21,840 8,792
Restricted cash 100,789 100,789
Prepaid expenses 1,114,217 1,951,132
Total current assets 7,585,431 7,568,090
Other Assets:    
Deferred charges 3,532,414 3,228,162
Less: accumulated amortization 1,450,727 1,369,445
Net 2,081,687 1,858,717
Restricted cash 1,531,278 1,523,761
Unbilled receivables (Notes 4 and 7) 1,683,954 1,677,093
Marketable securities (Notes 3 and 4) 3,123,857 3,141,828
Total other assets 8,420,776 8,201,399
TOTAL ASSETS 67,155,069 66,562,473
Long-Term Liabilities:    
Mortgage payable (Note 5) 5,227,314 5,264,285
Security deposits payable 1,251,535 1,242,382
Deferred Income Taxes (Note 1) 4,509,000 4,506,000
Total long-term liabilities 10,987,849 11,012,667
Current Liabilities:    
Accounts payable 58,000 74,205
Payroll and other accrued liabilities 2,818,583 2,104,359
Other taxes payable 5,300 8,240
Current portion of mortgage payable (Note 5) 170,030 168,501
Current portion of security deposits payable 101,289 101,289
Total current liabilities 3,153,202 2,456,594
TOTAL LIABILITIES 14,141,051 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 48,777,328 48,369,386
Stockholders' Equity before Treasury Stock 54,301,870 54,381,064
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2018 and at July 31, 2018 (Note 10) 1,287,852 1,287,852
Total shareholders' equity 53,014,018 53,093,212
Contingencies (Note 12)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 67,155,069 $ 66,562,473