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Note 12 - Lease Liabilities | 9 Months Ended
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Apr. 30, 2022
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | NOTE 12: LEASE LIABILITIES The Company primarily has operating leases for corporate offices and processing facilities with a remaining term of 0.3 to 22.2 years. The leases for the processing facilities have an evergreen option that can continue for so long as they are in operation. During the three and nine months ended April 30, 2022 and 2021, total lease expenses include the following components:
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Operating Leases |  | $ | 76,895 |  |  | $ | 56,195 |  |  | $ | 198,098 |  |  | $ | 163,028 |
Short-term Leases |  |  | 353,271 |  |  |  | 365,027 |  |  |  | 880,896 |  |  |  | 407,982 |
Total Lease Expenses |  | $ | 430,166 |  |  | $ | 421,222 |  |  | $ | 1,078,994 |  |  | $ | 571,010 |
As at April 30, 2022, the weighted average remaining lease term was 17.4 years and the weighted average discount rate was 4.54%. During the nine months ended April 30, 2022, cash paid for amounts included in the measurement of operating lease liabilities totaled $184,946. Minimum future lease payments under operating leases with terms longer than one year are as follows:
Fiscal 2022 |  | $ | 285,535 |
Fiscal 2023 |  |  | 170,049 |
Fiscal 2024 |  |  | 112,900 |
Fiscal 2025 |  |  | 103,884 |
Fiscal 2026 |  |  | 104,124 |
Thereafter |  |  | 1,043,814 |
Total lease payments |  |  | 1,820,306 |
Less: imputed interest |  |  | (482,322 | )
Present value of lease liabilities |  | $ | 1,337,984 |
Current portion of lease liabilities |  | $ | 350,431 |
Non-current portion of lease liabilities |  | $ | 987,553 |
Current lease liabilities are included in Other Current Liabilities, and non-current lease liabilities are included in Other Non-Current Liabilities in our condensed consolidated balance sheets.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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