v3.26.1
Mortgages Payable (Details) - Schedule of mortgages payable - USD ($)
9 Months Ended
Apr. 30, 2026
Jul. 31, 2025
Extinguishment of Debt [Line Items]    
Deferred financing costs $ (68,336)
Mortgages payable $ 6,131,664 3,235,561
Long-Term Debt [Member] | Fishkill, NY building [Member]    
Extinguishment of Debt [Line Items]    
Current Annual Interest Rate [1] 3.98%  
Final Payment Date [1] Apr. 01, 2040  
Mortgages payable [1] 3,235,561
Long-Term Debt [Member] | Circleville, OH building [Member]    
Extinguishment of Debt [Line Items]    
Current Annual Interest Rate [2] 7.00%  
Final Payment Date [2] Apr. 01, 2046  
Mortgages payable [2] $ 6,200,000
[1] In March 2020, the Company obtained a loan with a bank in the amount of $4,000,000 with a fixed rate of 3.98%, secured by the Fishkill, New York land and building. This remaining loan balance of $3,126,576 was paid off effective March 27, 2026 from proceeds of the $6,200,000 loan from the same bank described in (2) below.
[2] In March 2026, the Company obtained a loan with a bank in the amount of $6,200,000 with monthly payments of $48,069 starting from May 1, 2026, amortized over a 20-year period with an interest rate of 7.00%. Effective any time after April 1, 2031 through April 1, 2046, the bank may demand a balloon payment for the full amount outstanding. The Company is permitted to prepay any outstanding indebtedness; however, any prepayments of indebtedness are subject to a penalty fee equal to (i) 3.0% of the outstanding principal amount in the first year of the loan, (ii) 2.0% of the outstanding principal amount in the second year of the loan and (iii) 1.0% of the outstanding principal amount of the third year of the loan. The loan is secured by the Company’s Circleville, Ohio property. The Company used $3,126,576 of the net proceeds from the loan to repay an existing secured loan with the same bank. The Company intends to use the remaining net proceeds for maintenance, repairs and onboarding of new tenants on various properties.