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Property and Equipment – at cost (Tables)
 3 Months Ended
Oct. 31, 2016
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment
October 31 July 31
2016       2016
Property:
                    Buildings and improvements $      78,063,803 $      77,693,718
       Improvements to leased property 1,478,012 1,478,012
       Land 6,067,805 6,067,805
       Construction in progress 1,843,527 1,697,292
87,453,147 86,936,827
       Less accumulated depreciation 38,410,937 38,008,810
              Property - net 49,042,210 48,928,017
 
Fixtures and equipment and other:
       Fixtures and equipment 144,545 144,545
       Other fixed assets 195,478 195,478
  340,023 340,023
       Less accumulated depreciation 213,803 203,303
       Fixtures and equipment and other - net 126,220 136,720
 
                     Property and equipment - net $ 49,168,430 $ 49,064,737
 
Schedule of property and equipment construction in progress
       Construction in progress includes:
 
October 31 July 31
2016 2016
Building improvements at 9 Bond Street in Brooklyn, NY $ 114,695 $ –
Building improvements at 25 Elm Place in Brooklyn, NY 1,728,832 1,697,292