v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2019
Jul. 31, 2019
ASSETS    
Property and Equipment - Net (Notes 5 and 6) $ 43,997,228 $ 53,129,303
Current Assets:    
Cash and cash equivalents (Notes 4 and 10) 4,993,422 4,117,647
Receivables (Note 4) 405,883 402,154
Income taxes refundable 10,067 9,683
Restricted cash 130,794 181,193
Prepaid expenses 1,181,232 2,159,701
Total current assets 6,721,398 6,870,378
Other Assets:    
Deferred charges 3,729,818 3,729,818
Less: accumulated amortization 1,221,996 1,153,996
Net 2,507,822 2,575,822
Operating lease right-of-use assets (Notes 1, 5, 7 and 10) 26,525,843   
Restricted cash 779,493 964,884
Unbilled receivables (Notes 4 and 8) 1,625,989 1,668,461
Marketable securities (Notes 3 and 4) 3,603,985 3,580,227
Total other assets 35,043,132 8,789,394
TOTAL ASSETS 85,761,758 68,789,075
Long-Term Liabilities:    
Mortgage payable (Note 6) 4,471,454   
Security deposits payable 681,796 690,422
Payroll and other accrued liabilities 350,818 448,939
Operating lease liabilities (Notes 1, 7 and 10) 16,317,732   
Deferred income taxes (Note 1) 5,170,000 5,096,000
Total long-term liabilities 26,991,800 6,235,361
Current Liabilities:    
Accounts payable 48,635 30,964
Payroll and other accrued liabilities 1,776,831 2,426,535
Other taxes payable 5,542 8,847
Operating lease liabilities (Notes 1, 7 and 10) 1,243,444   
Current portion of mortgage payable (Note 6) 777,736 5,287,162
Current portion of security deposits payable 181,213 192,193
Total current liabilities 4,033,401 7,945,701
TOTAL LIABILITIES 31,025,201 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 50,499,867 50,371,323
Stockholders' Equity before Treasury Stock 56,024,409 55,895,865
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2019 and at July 31, 2019 (Note 11) 1,287,852 1,287,852
Total shareholders' equity 54,736,557 54,608,013
Contingencies (Note 12)      
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 85,761,758 $ 68,789,075