v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2026
Jul. 31, 2025
Property and Equipment-at cost:    
Land $ 6,067,805 $ 6,067,805
Buildings held for leasing:    
Buildings, improvements, and fixtures 83,236,067 81,018,716
Construction in progress 4,915,132 3,270,919
Property, plant and equipment, gross 88,151,199 84,289,635
Accumulated depreciation (42,901,908) (41,603,389)
Buildings - net 45,249,291 42,686,246
Property and equipment-net 51,317,096 48,754,051
Cash and cash equivalents 2,110,713 748,597
Restricted cash 1,030,852 1,010,148
Receivables, net 3,947,460 3,959,730
Prepaids and other assets 1,718,405 3,294,901
Deferred charges, net 3,179,342 3,517,817
Operating lease right-of-use assets 26,917,308 26,764,182
TOTAL ASSETS 90,221,176 88,049,426
Liabilities:    
Mortgages payable 6,131,664 3,235,561
Accounts payable and accrued expenses 3,004,924 2,891,074
Security deposits payable 1,148,929 1,092,225
Operating lease liabilities 24,643,612 24,034,669
Deferred income taxes 3,590,000 4,034,000
Total Liabilities 38,519,129 35,287,529
Shareholders’ Equity:    
Common stock, par value $1 each share (shares-5,000,000 authorized; 2,178,297 issued and 2,015,780 outstanding) 2,178,297 2,178,297
Additional paid in capital 3,346,245 3,346,245
Retained earnings 47,465,357 48,525,207
Stockholders' equity before treasury stock 52,989,899 54,049,749
Common stock held in treasury, at cost - 162,517 shares at April 30, 2026 and July 31, 2025 (1,287,852) (1,287,852)
Total shareholders’ equity 51,702,047 52,761,897
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 90,221,176 $ 88,049,426