v3.22.2.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 31, 2022
Jul. 31, 2022
Property and Equipment-at cost:    
Land $ 6,067,805 $ 6,067,805
Buildings held for leasing:    
Buildings, improvements and fixtures 77,292,499 75,794,089
Construction in progress 1,802,916 2,653,212
Property, Plant and Equipment, Gross 79,095,415 78,447,301
Accumulated depreciation (36,875,943) (36,457,448)
Buildings - net 42,219,472 41,989,853
Property and equipment-net 48,287,277 48,057,658
Cash and cash equivalents 2,608,256 1,020,585
Restricted cash 1,049,312 1,049,312
Receivables, net 2,465,268 2,771,121
Marketable securities 2,573,866 2,761,069
Prepaids and other assets 1,426,957 2,628,570
Deferred charges, net 3,502,640 3,614,640
Operating lease right-of-use assets 31,463,533 32,108,363
TOTAL ASSETS 93,377,109 94,011,318
Liabilities:    
Mortgages payable, net 6,060,115 6,358,289
Accounts payable and accrued expenses 2,256,195 2,321,764
Security deposits payable 1,042,164 1,051,428
Operating lease liabilities 26,264,449 26,600,168
Deferred income taxes 4,307,000 4,292,000
Total Liabilities 39,929,923 40,623,649
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 49,210,496 49,150,979
Stockholders' Equity before Treasury Stock 54,735,038 54,675,521
Common stock held in treasury, at cost - 162,517 shares at October 31, 2022 and July 31, 2022 (1,287,852) (1,287,852)
Total shareholders’ equity 53,447,186 53,387,669
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 93,377,109 $ 94,011,318