v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2026
Jul. 31, 2025
Property and Equipment-at cost:    
Land $ 6,067,805 $ 6,067,805
Buildings held for leasing:    
Buildings, improvements, and fixtures 84,271,245 81,018,716
Construction in progress 6,239,707 3,270,919
Property, Plant and Equipment, Gross 90,510,952 84,289,635
Accumulated depreciation (43,386,501) (41,603,389)
Buildings – net 47,124,451 42,686,246
Property and equipment-net 53,192,256 48,754,051
Cash and cash equivalents 2,074,964 748,597
Restricted cash 1,031,031 1,010,148
Receivables, net 4,239,207 3,959,730
Prepaids and other assets 3,491,731 3,294,901
Deferred charges, net 3,740,194 3,517,817
Operating lease right-of-use assets 26,436,022 26,764,182
TOTAL ASSETS 94,205,405 88,049,426
Liabilities:    
Mortgages payable 9,485,431 3,235,561
Accounts payable and accrued expenses 4,469,638 2,891,074
Security deposits payable 1,142,073 1,092,225
Operating lease liabilities 24,286,902 24,034,669
Deferred income taxes 3,459,000 4,034,000
Total liabilities 42,843,044 35,287,529
Shareholders’ Equity:    
Common stock, par value $1 each share (shares-5,000,000 authorized; 2,178,297 issued 2,015,780 outstanding) 2,178,297 2,178,297
Additional paid in capital 3,346,245 3,346,245
Retained earnings 47,125,671 48,525,207
Stockholders' Equity before Treasury Stock 52,650,213 54,049,749
Common stock held in treasury, at cost - 162,517 shares at July 31, 2026 and July 31, 2025 (1,287,852) (1,287,852)
Total Shareholders’ Equity 51,362,361 52,761,897
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 94,205,405 $ 88,049,426