v3.26.3
DEFERRED CHARGES
12 Months Ended
Jul. 31, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
DEFERRED CHARGES

8. DEFERRED CHARGES:

 

Deferred charges for the fiscal years ended July 31, 2026 and 2025 consist of the following:

 

                    
   July 31, 2026    July 31, 2025  
   Gross
Carrying
Amount
   Accumulated
Amortization
   Gross
Carrying
Amount
   Accumulated
 Amortization
 
Leasing brokerage commissions  $6,670,927   $3,039,757   $6,463,376   $3,000,205 
Deferred Selling and Other Costs   127,548    35,000    35,000    — 
Professional fees for leasing   63,451    46,975    81,826    62,180 
Total  $6,861,926   $3,121,732   $6,580,202   $3,062,385 

 

The aggregate amortization expense for the years ended July 31, 2026 and July 31, 2025 were $731,515, and $506,044, respectively.

 

The weighted average life of current year additions to deferred charges was approximately twelve years.

 

The estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows:

 

     
Year Ended July 31  Amortization  
2027  $550,886 
2028  $473,201 
2029  $434,090 
2030  $348,923 
2031  $345,059