<SEC-DOCUMENT>0001206774-19-003801.txt : 20191205
<SEC-HEADER>0001206774-19-003801.hdr.sgml : 20191205
<ACCEPTANCE-DATETIME>20191205090053
ACCESSION NUMBER:		0001206774-19-003801
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		62
CONFORMED PERIOD OF REPORT:	20191031
FILED AS OF DATE:		20191205
DATE AS OF CHANGE:		20191205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAYS J W INC
		CENTRAL INDEX KEY:			0000054187
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATORS OF NONRESIDENTIAL BUILDINGS [6512]
		IRS NUMBER:				111059070
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03647
		FILM NUMBER:		191269552

	BUSINESS ADDRESS:	
		STREET 1:		9 BOND ST
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201-5805
		BUSINESS PHONE:		7186247400

	MAIL ADDRESS:	
		STREET 1:		9 BOND STREET
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201-5805
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>jwmays3522918-10q.htm
<DESCRIPTION>QUARTERLY REPORT
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<P style="TEXT-ALIGN: center"><B><FONT size=4 face="Times New Roman">UNITED STATES<BR></FONT></B><B><FONT size=4 face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=4 face="Times New Roman">FORM 10-Q</FONT></B></P>
<TABLE style="LINE-HEIGHT: NORMAL; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

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   <TD WIDTH="1%" NOWRAP STYLE="text-align: center; vertical-align: top"><B><FONT size=2 face="Times New Roman">(Mark One)</FONT></B></TD>
   <TD STYLE="width: 98%; text-align: left"></TD></TR>
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   <TD WIDTH="1%" NOWRAP STYLE="text-align: center; vertical-align: top"><FONT size=2 face="Times New Roman">&#9746;</FONT></TD>
   <TD STYLE="width: 98%; text-align: left; vertical-align: top"><B><FONT size=2 face="Times New Roman">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></TD></TR>
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   <TD WIDTH="1%" NOWRAP STYLE="text-align: center; vertical-align: top"></TD>
   <TD STYLE="width: 98%; text-align: left"><FONT size=2 face="Times New Roman">For the quarterly period ended</FONT> <B><U><FONT size=2 face="Times New Roman">October 31, 2019</FONT></U></B></TD></TR>
<TR vAlign=bottom>
   <TD width="99%" colSpan=2 noWrap align=center><FONT size=1 face="Times New Roman">or</FONT></TD></TR>
<TR vAlign=bottom>
   <TD WIDTH="1%" NOWRAP STYLE="text-align: center; vertical-align: top"><FONT size=2 face="Times New Roman">&#9744;</FONT></TD>
   <TD STYLE="width: 98%; text-align: left; vertical-align: top"><B><FONT size=2 face="Times New Roman">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></TD></TR>
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   <TD WIDTH="1%" NOWRAP STYLE="text-align: center; vertical-align: top"></TD>
   <TD STYLE="width: 98%; text-align: left"><FONT size=2 face="Times New Roman">For the transition period from __________&nbsp;to __________</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">Commission File Number </FONT><B><FONT size=2 face="Times New Roman"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-3647&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">J. W. Mays, Inc.<BR></FONT></B><FONT size=2 face="Times New Roman">(Exact Name of Registrant as Specified in its Charter)</FONT></P>
<TABLE style="LINE-HEIGHT: NORMAL; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

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   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="49%" noWrap align=center><B><FONT size=2 face="Times New Roman">New York</FONT></B></TD>
   <TD width="2%" noWrap align=center><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="49%" noWrap align=center><B><FONT size=2 face="Times New Roman">11-1059070</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=center><FONT size=2 face="Times New Roman">State or Other Jurisdiction of</FONT></TD>
   <TD width="2%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=center><FONT size=2 face="Times New Roman">I.R.S. Employer Identification No.</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=center><FONT size=2 face="Times New Roman">Incorporation or Organization</FONT></TD>
   <TD width="2%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left></TD></TR>
<TR>
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
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   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="49%" noWrap align=center><B><FONT size=2 face="Times New Roman">9 Bond Street, Brooklyn, New York</FONT></B></TD>
   <TD width="2%" noWrap align=center><B><FONT size=2 face="Times New Roman"></FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="49%" noWrap align=center><B><FONT size=2 face="Times New Roman">11201</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=center><FONT size=2 face="Times New Roman">Address of Principal Executive Offices</FONT></TD>
   <TD width="2%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=center><FONT size=2 face="Times New Roman">Zip Code</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(718) 624-7400&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR></FONT></B><FONT size=2 face="Times New Roman">Registrant&#8217;s Telephone Number, Including Area Code</FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR></FONT></B><FONT size=2 face="Times New Roman">Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes &#9746;&nbsp;&nbsp;&nbsp;No &#9744;</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (&#167; 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes &#9746;&nbsp;&nbsp;&nbsp;No &#9744;</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</FONT></P>
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<TABLE style="WIDTH: 95%; LINE-HEIGHT: NORMAL; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 border=0>

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   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">Large accelerated filer &#9744;</FONT></TD>
   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">Accelerated filer &#9744;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">Non-accelerated filer &#9744;</FONT></TD>
   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">Smaller reporting company &#9746;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="50%" noWrap align=left></TD>
   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">Emerging growth company &#9744;</FONT></TD></TR></TABLE></DIV>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes &#9744;&nbsp;&nbsp;&nbsp;No &#9746;</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. Yes &#9744;&nbsp;&nbsp;&nbsp;No &#9744;</FONT></P>
<P style="MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">Securities registered pursuant to Section 12(b) of the Act:</FONT></P>
<TABLE style="LINE-HEIGHT: 12pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

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   <TD STYLE="width: 35%; white-space: nowrap; text-align: center; border: Black 1pt solid; padding-right: 4pt; padding-left: 4pt"><FONT size=2 face="Times New Roman">Title of each class</FONT></TD>
   <TD STYLE="width: 30%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid; border-right: Black 1pt solid; border-top: Black 1pt solid; padding-right: 4pt; padding-left: 4pt"><FONT size=2 face="Times New Roman">Trading Symbol(s)</FONT></TD>
   <TD STYLE="width: 35%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid; border-right: Black 1pt solid; border-top: Black 1pt solid; padding-right: 4pt; padding-left: 4pt"><FONT size=2 face="Times New Roman">Name of each exchange on which registered</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 35%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-right: 4pt; padding-left: 4pt"><B><FONT size=2 face="Times New Roman">Common Stock, $1 par value</FONT></B></TD>
   <TD STYLE="width: 30%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 4pt; padding-left: 4pt"><B><FONT size=2 face="Times New Roman">MAYS</FONT></B></TD>
   <TD STYLE="width: 35%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 4pt; padding-left: 4pt"><B><FONT size=2 face="Times New Roman">NASDAQ</FONT></B></TD></TR></TABLE>

<P STYLE="text-align: center; margin-top: 8pt"><FONT size=2 face="Times New Roman">APPLICABLE ONLY TO CORPORATE ISSUERS:</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Indicate the number of shares outstanding of each of the issuer&#8217;s classes of common stock, as of the latest practicable date.</FONT></P>
<TABLE style="LINE-HEIGHT: 12pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="5%" noWrap align=center><FONT size=2 face="Times New Roman">Class</FONT></TD>
   <TD width="90%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="5%" noWrap align=center><FONT size=2 face="Times New Roman">Outstanding at December 5, 2019</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="5%" noWrap align=center><FONT size=2 face="Times New Roman">Common Stock, $1 par value</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="5%" noWrap align=center><FONT size=2 face="Times New Roman">2,015,780 shares</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: right"><FONT size=2 face="Times New Roman">This report contains 26 pages.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">J. W. MAYS, INC.</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">INDEX</FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="98%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><B><FONT size=2 face="Times New Roman">Page No.</FONT></B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">Part I - Financial Information:</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="LEFT" STYLE="text-align: left"></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 1. Financial Statements</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="LEFT" STYLE="text-align: left"></TD></TR>
<TR>
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 45pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Condensed Consolidated Balance Sheets &#8211; October 31, 2019 (unaudited) and July 31, 2019</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">3</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; text-align: left; padding-left: 45pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Condensed Consolidated Statements of Operations and Retained Earnings &#8211; Three months ended October 31, 2019 and 2018 (unaudited)</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 45pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Condensed Consolidated Statements of Changes in Shareholders&#8217; Equity &#8211; Three months ended October 31, 2019 and 2018 (unaudited)</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">5</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; text-align: left; padding-left: 45pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Condensed Consolidated Statements of Cash Flows &#8211; Three months ended October 31, 2019 and 2018 (unaudited)</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 45pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Notes to Condensed Consolidated Financial Statements</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">7 - 18</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
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   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">19 - 21</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 3. Quantitative and Qualitative Disclosures About Market Risk</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">21</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 4. Controls and Procedures</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">21</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="98%" align=left><FONT size=2 face="Times New Roman">Part II - Other Information:</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 1. Legal Proceedings</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">22</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 1A. Risk Factors</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">22</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 2. Unregistered Sales of Equity Securities and Use of Proceeds</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">22</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 3. Defaults Upon Senior Securities</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">22</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 4. Mine Safety Disclosures</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">22</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 5. Other Information</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">22</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Item 6. Exhibits and Reports on Form 8-K</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">22</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Signatures</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">23</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Exhibit 31 Certifications Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 45pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">31.1 - Chief Executive Officer</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">24</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 98%; text-align: left; padding-left: 45pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">31.2 - Chief Financial Officer</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">25</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=3>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 98%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Exhibit 32 Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 18 U.S.C. Section 1350</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD WIDTH="1%" NOWRAP ALIGN="RIGHT" STYLE="text-align: left"><FONT size=2 face="Times New Roman">26</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-2-</FONT></P>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Part I - Financial Information</FONT></B></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 1 - Financial Statements</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">J. W. MAYS, INC.</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">CONDENSED CONSOLIDATED BALANCE SHEETS</FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="94%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">October 31</FONT></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">July 31</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="94%" noWrap align=center><B><U><FONT size=2 face="Times New Roman">ASSETS</FONT></U></B></TD>
   <TD width="1%" noWrap align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">2019</FONT></TD>
   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">2019</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="94%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">(Unaudited)</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: center"></TD>
   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">(Audited)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="94%" noWrap align=left><FONT size=2 face="Times New Roman">Property and Equipment - Net (Notes 5 and 6)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">43,997,228</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">53,129,303</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD width="94%" noWrap align=left><FONT size=2 face="Times New Roman">Current Assets:</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Cash and cash equivalents (Notes 4 and 10)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4,993,422</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4,117,647</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Receivables (Note 4)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">405,883</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">402,154</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Income taxes refundable</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">10,067</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">9,683</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Restricted cash</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">130,794</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">181,193</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Prepaid expenses</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,181,232</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2,159,701</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">Total current assets</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">6,721,398</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">6,870,378</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="94%" noWrap align=left><FONT size=2 face="Times New Roman">Other Assets:</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Deferred charges</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,729,818</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,729,818</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Less: accumulated amortization</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,221,996</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,153,996</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">Net</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2,507,822</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2,575,822</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Operating lease right-of-use assets (Notes 1, 5, 7 and 10)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">26,525,843</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Restricted cash</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">779,493</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">964,884</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Unbilled receivables (Notes 4 and 8)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,625,989</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,668,461</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Marketable securities (Notes 3 and 4)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,603,985</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,580,227</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">Total other assets</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">35,043,132</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">8,789,394</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 45pt"><FONT size=2 face="Times New Roman">TOTAL ASSETS</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 2pt double" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 2pt double" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">85,761,758</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 2pt double" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 2pt double" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">68,789,075</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="94%" noWrap align=center><B><U><FONT size=2 face="Times New Roman">LIABILITIES AND SHAREHOLDERS' EQUITY</FONT></U></B></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD width="94%" noWrap align=left><FONT size=2 face="Times New Roman">Long-Term Liabilities:</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Mortgage payable (Note 6)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4,471,454</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Security deposits payable</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">681,796</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">690,422</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Payroll and other accrued liabilities</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">350,818</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">448,939</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Operating lease liabilities (Notes 1, 7 and 10)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">16,317,732</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Deferred income taxes (Note 1)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,170,000</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,096,000</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">Total long-term liabilities</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">26,991,800</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">6,235,361</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="94%" noWrap align=left><FONT size=2 face="Times New Roman">Current Liabilities:</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Accounts payable</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">48,635</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">30,964</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Payroll and other accrued liabilities</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,776,831</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2,426,535</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Other taxes payable</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,542</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">8,847</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Operating lease liabilities (Notes 1, 7 and 10)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,243,444</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Current portion of mortgage payable (Note 6)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">777,736</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,287,162</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Current portion of security deposits payable</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">181,213</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">192,193</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">Total current liabilities</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">4,033,401</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">7,945,701</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: center; text-align: left; padding-left: 45pt"><FONT size=2 face="Times New Roman">TOTAL LIABILITIES</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">31,025,201</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">14,181,062</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD width="94%" noWrap align=left><FONT size=2 face="Times New Roman">Shareholders' Equity:</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2,178,297</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2,178,297</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Additional paid in capital</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,346,245</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,346,245</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Retained earnings</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">50,499,867</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">50,371,323</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="94%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">56,024,409</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">55,895,865</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 94%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Less common stock held in treasury, at cost - 162,517 shares at October 31, 2019 and at July 31, 2019 (Note 11)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,287,852</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,287,852</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">Total shareholders' equity</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">54,736,557</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">54,608,013</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="94%" noWrap align=left><FONT size=2 face="Times New Roman">Contingencies (Note 12)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">85,761,758</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">68,789,075</FONT></TD></TR></TABLE>
<P STYLE="text-align: left"><FONT size=2 face="Times New Roman">See Notes to Condensed Consolidated Financial Statements.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-3-</FONT></P>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">J. W. MAYS, INC.</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS</FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="92%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="7%" colSpan=7 noWrap align=center><FONT size=2 face="Times New Roman">Three Months Ended</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" colSpan=3 noWrap align=center><FONT size=2 face="Times New Roman">October 31</FONT></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="3%" colSpan=3 noWrap align=center><FONT size=2 face="Times New Roman">October 31</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" colSpan=3 noWrap align=center><FONT size=2 face="Times New Roman">2019</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: center"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" colSpan=3 noWrap align=center><FONT size=2 face="Times New Roman">2018</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD width="3%" colSpan=3 noWrap align=center><FONT size=2 face="Times New Roman">(Unaudited)</FONT></TD>
   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD width="3%" colSpan=3 noWrap align=center><FONT size=2 face="Times New Roman">(Unaudited)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="92%" noWrap align=left><B><FONT size=2 face="Times New Roman">Revenues</FONT></B></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Rental income (Notes 1, 4 and 8)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,035,915</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,161,172</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 30pt"><FONT size=2 face="Times New Roman">Total revenues</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,035,915</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,161,172</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left><B><FONT size=2 face="Times New Roman">Expenses</FONT></B></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Real estate operating expenses</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,248,594</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2,976,644</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Administrative and general expenses</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,215,635</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,742,936</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Depreciation (Note 5)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">387,410</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">466,297</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 30pt"><FONT size=2 face="Times New Roman">Total expenses</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4,851,639</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,185,877</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR>
   <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 92%; text-align: left; padding-left: 15pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Income (loss) from operations before investment income, interest expense and income taxes</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">184,276</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(24,705</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Investment income and interest expense:</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Investment income (Note 3)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">65,003</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">22,435</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Change in fair value of marketable securities (Notes 1 and 3)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(19,286</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(34,059</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Interest expense (Notes 6 and 10)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(27,449</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">)</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(39,865</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">18,268</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(51,489</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>
<TR>
   <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Income (loss) from operations before income taxes</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">202,544</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(76,194</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Income taxes provided</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">74,000</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Net income (loss)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">128,544</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(79,194</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Retained earnings, beginning of period</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">50,371,323</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">48,369,386</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 92%; text-align: left; padding-left: 15pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Reclassification of unrealized gain on investments to retained earnings (Note 1)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">487,136</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Retained earnings, end of period</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">50,499,867</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">48,777,328</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR>
   <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Income (loss) per common share (Note 2)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">.06</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">(.04</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; padding-bottom: 1pt"><FONT size=2 face="Times New Roman">)</FONT></TD></TR>
<TR STYLE="background-color: Silver">
   <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Dividends per share</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR>
   <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD width="92%" noWrap align=left><FONT size=2 face="Times New Roman">Average common shares outstanding</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,015,780</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,015,780</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR></TABLE>
<P STYLE="text-align: left"><FONT size=2 face="Times New Roman">See Notes to Condensed Consolidated Financial Statements.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-4-</FONT></P>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: center; TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">J.W. MAYS, INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS&#8217; EQUITY</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">(Unaudited)</FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD STYLE="width: 79%; text-align: left"></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="2%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Additional</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="3%" colSpan=3 noWrap align=center><B><FONT size=2 face="Times New Roman">Unrealized Gain</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="2%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Common Stock</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 79%; text-align: left"></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="2%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Common</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="2%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Paid In</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="3%" colSpan=3 noWrap align=center><B><FONT size=2 face="Times New Roman">on Marketable</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="3%" colSpan=3 noWrap align=center><B><FONT size=2 face="Times New Roman">Retained</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="2%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Held in</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="1%" noWrap align=center></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 79%; text-align: left"></TD>
   <TD width="1%" noWrap align=right>&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" width="2%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Stock</FONT></B></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: center">&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" width="2%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Capital</FONT></B></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: center">&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" width="3%" colSpan=3 noWrap align=center><B><FONT size=2 face="Times New Roman">Securities</FONT></B></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: center">&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" width="3%" colSpan=3 noWrap align=center><B><FONT size=2 face="Times New Roman">Earnings</FONT></B></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: center">&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" width="2%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Treasury</FONT></B></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: center">&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" width="3%" colSpan=3 noWrap align=center><B><FONT size=2 face="Times New Roman">Total</FONT></B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="width: 79%; text-align: left"><FONT size=2 face="Times New Roman">Balance at July 31, 2018</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2,178,297</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3,346,245</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">487,136</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">48,369,386</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,287,852</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">53,093,212</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="width: 79%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Reclassification of unrealized gains on marketable securities to retained earnings (Note 1)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">(487,136</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">487,136</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD width="1%" noWrap align=left></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="width: 79%; text-align: left; padding-left: 30pt; text-indent: -15pt; background-color: Silver"><FONT size=2 face="Times New Roman">Net loss, three months ended October 31, 2018</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">(79,194</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">)</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">(79,194</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="width: 79%; text-align: left"><FONT size=2 face="Times New Roman">Balance at October 31, 2018</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,178,297</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,346,245</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">48,777,328</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,287,852</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">53,014,018</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="width: 79%; text-align: left">&nbsp;</TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="width: 79%; text-align: left; padding-left: 30pt; text-indent: -15pt; background-color: Silver"><FONT size=2 face="Times New Roman">Net income, nine months ended July 31, 2019</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">1,593,995</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">1,593,995</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="width: 79%; text-align: left"><FONT size=2 face="Times New Roman">Balance at July 31, 2019</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,178,297</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,346,245</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">50,371,323</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,287,852</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">54,608,013</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD></TR>
<TR>
   <TD COLSPAN="22" STYLE="width: 100%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="width: 79%; text-align: left; padding-left: 30pt; text-indent: -15pt; background-color: Silver"><FONT size=2 face="Times New Roman">Net income, three months ended October 31, 2019</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">128,544</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"></TD>
   <TD STYLE="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">128,544</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="width: 79%; text-align: left"><FONT size=2 face="Times New Roman">Balance at October 31, 2019</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,178,297</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,346,245</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">50,499,867</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,287,852</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD STYLE="border-bottom: #000000 2pt double; border-bottom-color: #000000; border-bottom-style: double; border-bottom-width: 2pt; width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">54,736,557</FONT></TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD></TR></TABLE>
<P STYLE="text-align: left"><FONT size=2 face="Times New Roman">See Notes to Condensed Consolidated Financial Statements.</FONT></P>
<P style="TEXT-ALIGN: center; TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">&#8211;5&#8211;</FONT></P>
<HR align=center width="100%" noShade size="2">
<!-- PART 2 -->
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">J. W. MAYS, INC.<BR></FONT></B><B><FONT size=2 face="Times New Roman">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</FONT></B></P>

<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD width="88%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="11%" colSpan=7 noWrap align=center><FONT size=2 face="Times New Roman">Three Months Ended</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="88%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD COLSPAN="7" STYLE="width: 11%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">October 31</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="88%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="3" STYLE="width: 5%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">2019</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>

   <TD COLSPAN="3" STYLE="width: 5%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">2018</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="88%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="5%" colSpan=3 noWrap align=center><FONT size=2 face="Times New Roman">(Unaudited)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="5%" colSpan=3 noWrap align=center><FONT size=2 face="Times New Roman">(Unaudited)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Cash Flows From Operating Activities:</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Net income (loss)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">128,544</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(79,194</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR>

   <TD width="100%" colSpan=9>&nbsp;</TD></TR>



<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Adjustments to reconcile net income (loss) to net cash provided by operating activities:</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Depreciation</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">387,410</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">466,297</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Amortization of deferred charges</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">68,000</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">81,282</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Operating lease expense in excess of cash payments</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">276,762</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">&#150;</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Deferred finance costs included in interest expense</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">4,718</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">5,719</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Net realized and unrealized (gain) loss on sale of marketable securities</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(23,223</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">34,059</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Other assets - unbilled receivables</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">42,472</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(6,861</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 60pt"><FONT size=2 face="Times New Roman">- deferred charges</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">&#150;</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(304,252</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Deferred income taxes</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">74,000</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">3,000</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Changes in:</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Receivables</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(3,729</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">51,710</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Income taxes refundable</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(384</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(13,048</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Prepaid expenses</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">978,469</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">836,915</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Accounts payable</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">17,671</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(16,205</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Payroll and other accrued liabilities (Notes 1 and 10)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">201,080</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">714,224</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Other taxes payable</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(3,305</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(2,940</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 45pt"><FONT size=2 face="Times New Roman">Cash provided by operating activities</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">2,148,485</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">1,770,706</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="background-color: Silver">

   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Cash Flows From Investing Activities:</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Acquisition of property and equipment</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(1,445,669</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(822,175</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Marketable securities:</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 30pt"><FONT size=2 face="Times New Roman">Receipts from sales</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">442,764</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">&#150;</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 30pt"><FONT size=2 face="Times New Roman">Payments for purchases</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(443,299</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(16,088</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 45pt"><FONT size=2 face="Times New Roman">Cash (used) by investing activities</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(1,446,204</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(838,263</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="background-color: Silver">

   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Cash Flows From Financing Activities:</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Increase (decrease) - security deposits payable</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">(19,606</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">9,153</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Mortgage and other debt payments</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(42,690</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(41,161</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 88%; white-space: nowrap; text-align: left; padding-left: 45pt"><FONT size=2 face="Times New Roman">Cash (used) by financing activities</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(62,296</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(32,008</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="background-color: Silver">

   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Increase in cash, cash equivalents and restricted cash</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">639,985</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="3%" noWrap align=right><FONT size=2 face="Times New Roman">900,435</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR>

   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Cash, cash equivalents and restricted cash at beginning of period</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">5,263,724</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">6,879,623</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR>

<TR STYLE="background-color: Silver">

   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Cash, cash equivalents and restricted cash at end of period (Note 10)</FONT></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">5,903,709</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">7,780,058</FONT></TD>

   <TD width="1%" noWrap align=left></TD></TR></TABLE>


<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">See Notes to Condensed Consolidated Financial Statements.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-6-</FONT></P>

<HR align=center width="100%" noShade size="2">



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<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">J. W. MAYS, INC.<BR></FONT></B><B><FONT size=2 face="Times New Roman">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</FONT></B></P>

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   <TD vAlign=top width="1%" align=left><B><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>

   <TD vAlign=top width="98%" align=left><P><FONT size=2 face="Times New Roman"><STRONG>Accounting Records and Use of Estimates: </STRONG></FONT></P>



   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;). The preparation of the Company&#8217;s financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. The estimates that we make include allowance for doubtful accounts, depreciation, income tax assets and liabilities, fair value of marketable securities and revenue recognition. Estimates are based on historical experience where applicable or other assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results may differ from those estimates under different assumptions or conditions.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The interim financial statements are prepared pursuant to the requirements for reporting on Form 10-Q. The July 31, 2019 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. The interim financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company's latest Form 10-K Annual Report for the fiscal year ended July 31, 2019. In the opinion of management, the interim financial statements reflect all adjustments of a normal recurring nature necessary for a fair statement of the results for interim periods. The results of operations for the current period are not necessarily indicative of the results for the entire fiscal year ending July 31, 2020.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Property and Equipment</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Property and equipment are stated at cost. Depreciation is calculated using the straight-line method and the declining-balance method. Amortization of improvements to leased property is calculated over the life of the lease. Lives used to determine depreciation and amortization are generally as follows:</FONT></P>
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   <TD STYLE="width: 96%; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Buildings and improvements</FONT></TD>

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   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">18-40 years</FONT></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Improvements to leased property</FONT></TD>

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   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3-10 years</FONT></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Fixtures and equipment</FONT></TD>

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   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">7-12 years</FONT></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Other</FONT></TD>

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   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3-5 years</FONT></TD></TR>
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   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Maintenance, repairs, renewals and improvements of a non-permanent nature are charged to expense when incurred. Expenditures for additions and major renewals or improvements are capitalized along with the associated interest cost during construction. The cost of assets sold or retired, and the accumulated depreciation or amortization thereon are eliminated from the respective accounts in the year of disposal, and the resulting gain or loss is credited or charged to income. Capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset&#8217;s estimated useful life.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company reviews long-lived assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recovered. At July 31, 2019 and 2018, there were no impairments of its property and equipment.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Deferred Charges</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Deferred charges consist principally of costs incurred in connection with the leasing of property to tenants. Such costs are amortized over the related lease periods, ranging from 1 to 21 years, using the straight-line method. If a lease is terminated early, such costs are expensed.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Leases - Lessor Revenue</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Property held for leasing in the Company&#8217;s real estate
rental operations is disclosed in Note 5. Rent is recognized from tenants under executed leases no later than on an
established date or on an earlier date if the tenant should commence conducting business. Unbilled receivables represent the
excess of scheduled rental income recognized on a straight-line basis over rental income as it becomes receivable according
to the provisions of the lease. Contingent rental income is recorded when earned and is not based on tenant revenue. The
effect of lease modifications that result in rent relief or other credits to tenants, including any retroactive effects
relating to prior periods, is recognized in the period when the lease modification is signed. At the time of the lease
modification, we assess the realizability of any accrued but unpaid rent and amounts that had been recognized as revenue in
prior periods. lf the amounts are not determined to be realizable, the accrued but unpaid rent is
written off. Accounts receivable are recognized in accordance with lease agreements at its net realizable value. Rental
payments received in advance are deferred until earned.</FONT></P>
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   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Based upon its periodic assessment of the quality of the receivables, management uses its historical knowledge of the tenants and industry experience to determine whether a reserve or write-off is required. Management has determined that no allowance for uncollected receivables is considered necessary. The Company uses specific identification to write-off receivables to bad debt expense in the period when issues of collectability become known. Collectability issues include circumstances when a tenant indicates their intention to vacate the property without paying, or when tenant litigation or bankruptcy proceedings are not expected to result in full payment. Due to the surrender of a portion of a tenant&#8217;s space, the Company reported a bad debt expense of $118,238 for the year ended July 31, 2019. Bad debt expense was $40,292 for the three months ended October 31, 2019 as a result of an early lease termination.</FONT></P>

   <P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Leases - Lessee</FONT></B></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company determines if an arrangement is a lease at inception. With the adoption of ASC 842, operating leases are included in operating lease right-of-use assets, current portion of operating lease liabilities, and long-term operating lease liabilities on the Company&#8217;s balance sheet.</FONT></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Operating lease right-of-use assets represent the Company&#8217;s right to use an underlying asset for the lease term and lease liabilities represent the Company&#8217;s obligation to make payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As the Company&#8217;s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company&#8217;s lease terms may include options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.</FONT></P>



   <P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Taxes</FONT></B></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.</FONT></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company has a federal net operating loss carryforward approximating $4,002,346 as of July 31, 2019 available to offset future taxable income. As of July 31, 2019, the Company had unused state and city net operating loss carryforwards of approximately $10,170,071 for state and $8,274,000 for city, available to offset future state and city taxable income. The net operating loss carryforwards will begin to expire, if not used, in 2035.</FONT></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">New York State and New York City taxes are calculated using the higher of taxes based on income or the respective capital-based franchise taxes. Beginning with the Company&#8217;s tax year ended July 31, 2016, changes in the law required the state capital-based tax will be phased out over a 7-year period. New York City taxes will be based on capital for the foreseeable future. Capital-based franchise taxes are recorded to administrative and general expense. State tax amounts in excess of the capital-based franchise taxes are recorded to income tax expense. Due to both the application of the capital-based tax and due to the possible absence of city taxable income, the Company does not record city deferred taxes.</FONT></P>

   <P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Reclassification:</FONT></B></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The condensed consolidated financial statements for prior years reflect certain reclassifications to conform with classifications adopted in the three months ended October 31, 2019. These reclassifications have no effect on net income or loss as previously reported.</FONT></P>

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   <P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Recently adopted accounting standards:</FONT></B></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In January 2016, the FASB issued ASU No. 2016-01 "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments, including the requirement to measure certain equity investments at fair value with changes in fair value recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017. We adopted this standard effective August 1, 2018 and recorded a cumulative effect adjustment to increase opening retained earnings at August 1, 2018 by $487,136 as required for equity investments recorded at fair value, formerly available-for-sale securities.</FONT></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In November 2016, the FASB issued ASU 2016-18, &#8220;Restricted Cash&#8221;. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning of period and end of period balances on the statement of cash flows upon adoption of this standard. ASU 2016-18 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. We adopted this standard effective August 1, 2018 with retrospective application to our consolidated financial statements.</FONT></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases.&#8221; ASU 2016-02 is intended to increase transparency and comparability among organizations in accounting for leasing arrangements. This guidance establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases.</FONT></P>

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   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In July 2018, the FASB issued ASU No. 2018-10, &#8220;Codification Improvements to Topic 842&#8221;, which provides amendments and clarification to ASU 2016-12 based on the FASB&#8217;s interaction with stakeholders. In July 2018, the FASB issued ASU No. 2018-11 &#8220;Leases (Topic 842): Targeted Improvements&#8221;, which amends Leases (Topic 842) to (i) add an optional transition method that would permit entities to apply the new requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the year of adoption, and (ii) provide a practical expedient for lessors regarding the separation of the lease and non-lease components of a contract. In December 2018, the FASB issued ASU No. 2018-20, &#8220;Leases (Topic 842) Narrow-Scope Improvement for Lessors,&#8221; which clarifies how to apply the leases standard when accounting for sales taxes and other similar taxes collected from lessees, certain lessor costs, and recognition of variable payments for contracts with lease and non-lease components. In March 2019, the FASB issued ASU 2019-01, &#8220;Leases (Topic 842) Codification Improvements&#8221;, which provides amendments for issues brought to the Board&#8217;s attention through its interactions with stakeholders. The issues identified are as follows. 1. Determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, 2. Presentation on the statement of cash flows-sales-type and direct financing leases, 3. Transition disclosures related to Topic 250, Accounting Changes and Error Corrections. These standards are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.</FONT></P>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The new standards were adopted by the Company for the fiscal year beginning August 1, 2019. Upon adoption of Topic 842, the Company elected the following practical expedients:</FONT></P></TD></TR></TABLE><BR>

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   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">1</FONT>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>

   <TD WIDTH="97%" STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">The Company applied the optional transition method of recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the initial period of adoption. Upon adoption on August 1, 2019, the Company did not have an adjustment to opening retained earnings. In transitioning to ASC 842, the Company elected to use the practical expedient package and did not elect to use hindsight.</FONT></TD></TR>

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   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">2.</FONT></TD>

   <TD WIDTH="97%" STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">As lessee and lessor, the Company has elected not to reassess lease classifications and all leases will continue to be classified as operating leases under the new standard.</FONT></TD></TR></TABLE><BR>

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   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">As a result of the adoption of the new lease accounting guidance, the Company recognized on August 1, 2019:</FONT></P>

   <DIV style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 15pt; TEXT-INDENT: -14.5pt"><FONT style="FONT-SIZE: 9.5pt; PADDING-RIGHT: 8pt">&#9679;</FONT><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">Operating lease right-of-use assets of $27.1 million.</FONT></FONT><BR>&nbsp;</DIV>

   <DIV style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 15pt; TEXT-INDENT: -14.5pt"><FONT style="FONT-SIZE: 9.5pt; PADDING-RIGHT: 8pt">&#9679;</FONT><FONT size=2 face="Times New Roman">Operating leases liabilities of approximately $17.9 million, based on the net present value of remaining minimum rental payments, discounted using the Company&#8217;s incremental borrowing rate of 3.88%.</FONT><BR>&nbsp;</DIV>

   <DIV STYLE="font-size: 10pt; text-align: left; padding-left: 15pt; text-indent: -14.5pt"><FONT style="FONT-SIZE: 9.5pt; PADDING-RIGHT: 8pt">&#9679;</FONT><FONT size=2 face="Times New Roman">The initial recording of operating lease right-of-use assets of $27.1 million includes adjustments of approximately $10.2 million primarily relating to building and improvements, net of accumulated depreciation, required pursuant to a ground lease with an affiliate, principally owned by a director of the Company (&#8220;landlord&#8221;). Upon lease termination in 2029, the building and all improvements are turned over to the landlord as property owner.</FONT><BR>&nbsp;</DIV>

   <DIV style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 15pt; TEXT-INDENT: -14.5pt"><FONT style="FONT-SIZE: 9.5pt; PADDING-RIGHT: 8pt">&#9679;</FONT><FONT size=2 face="Times New Roman">The initial operating lease liability of $17.9 million includes an adjustment of remaining accrued rent of approximately $.95 million.</FONT><BR>&nbsp;</DIV>

   <DIV style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company&#8217;s lessor accounting remains similar under Topic 842 but updated to align with certain changes to the lessee model and the new revenue recognition standard (ASU 2014-09). Upon adoption of the lease standards on August 1, 2019, changes in accounting for the Company&#8217;s lease revenue as lessor were not significant.</FONT></DIV></TD></TR></TABLE><BR>

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   <TD vAlign=top width="98%" align=left><FONT size=2 face="Times New Roman"><STRONG>Income Per Share of Common Stock:</STRONG></FONT>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Income per share has been computed by dividing the net income for the periods by the weighted average number of shares of common stock outstanding during the periods, adjusted for the purchase of treasury stock. Shares used in computing income per share were 2,015,780 for the three months ended October 31, 2019 and October 31, 2018.</FONT></P></TD></TR>

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   <TD vAlign=top width="98%" align=left><FONT size=2 face="Times New Roman"><STRONG>&nbsp;</STRONG></FONT></TD></TR>

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   <TD vAlign=top width="1%" align=left><B><FONT size=2 face="Times New Roman">3.</FONT></B></TD>

   <TD vAlign=top width="1%" align=left><B><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>

   <TD vAlign=top width="98%" align=left><FONT size=2 face="Times New Roman"><STRONG>Marketable Securities:</STRONG></FONT>

   <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company&#8217;s marketable securities consist of investments in equity securities. Dividends and interest income are accrued as earned. Realized gains and losses are determined on a specific identification basis. The Company reviews marketable securities for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recovered. The changes in the fair value of these securities are recognized in current period earnings in accordance with ASC 825.</FONT></P>

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   <TD STYLE="vertical-align: top; text-align: left">      <P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company follows GAAP which establishes a fair value hierarchy that prioritizes the valuation techniques and creates the following three broad levels, with Level 1 valuation being the highest priority: </FONT></P></TD></TR>
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   <FONT size=2 face="Times New Roman">Level 1 valuation inputs are quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date (e.g., equity securities traded on the New York Stock Exchange).</FONT></TD></TR>

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   <TD STYLE="vertical-align: top; width: 100%; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Level 2 valuation inputs are from other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly (e.g., quoted market prices of similar assets or liabilities in active markets, or quoted market prices for identical or similar assets or liabilities in markets that are not active).</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD STYLE="vertical-align: top; width: 100%; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Level 3 valuation inputs are unobservable (e.g., an entity&#8217;s own data) and should be used to measure fair value to the extent that observable inputs are not available.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis. There have been no changes in the methodologies used at October 31, 2019 and July 31, 2019.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">Equity securities are valued at the closing price reported on the active market on which the individual securities are traded that the Company has access to.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (&#8220;NAV&#8221;) and to transact at that price. The mutual funds held by the Company are deemed to be actively traded.</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                <TR STYLE="vertical-align: bottom">
   <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">In accordance with the provisions of Fair Value Measurements, the following are the Company's financial assets measured on a recurring basis presented at fair value.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD></TR>
</TABLE>



<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="width: 1%; text-align: left"></TD>

   <TD STYLE="width: 76%; white-space: nowrap; text-align: right"></TD>

   <TD COLSPAN="23" STYLE="width: 23%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><B><FONT size=2 face="Times New Roman">Fair value measurements at reporting date</FONT></B></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Total</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Total</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">October 31,</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">July 31,</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B><FONT size=2 face="Times New Roman">Description</FONT></B></TD>

   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">2019</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Level 1</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Level 2</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Level 3</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">2019</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Level 1</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT><FONT size=2 face="Times New Roman">Level 2</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT><FONT size=2 face="Times New Roman">Level 3</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><B><FONT size=2 face="Times New Roman">Assets:</FONT></B></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"><FONT size=2 face="Times New Roman">Marketable securities</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,603,985</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,603,985</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,580,227</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,580,227</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR></TABLE>


<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-11-</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman"></FONT></P>

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">As of October 31, 2019 and July 31, 2019, the Company's marketable securities were classified as follows:</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="line-height: 14pt; border-collapse: collapse; width: 100%">



<TR vAlign=bottom>

    <TD STYLE="background-color: White">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD COLSPAN="11" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">October 31, 2019</FONT> <FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="11" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">July 31, 2019</FONT></TD></TR>

<TR vAlign=bottom>

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Gross</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Gross</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Gross</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Gross</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD></TR>

<TR vAlign=bottom>

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Unrealized</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Unrealized</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Fair</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Unrealized</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Unrealized</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Fair</FONT></TD></TR>

<TR vAlign=bottom>

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"></TD>

   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">Cost</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">Gains</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">Losses</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">Value</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">Cost</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">Gains</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">Losses</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">Value</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="width: 1%; background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; width: 86%; white-space: nowrap"><FONT size=1 face="Times New Roman">Noncurrent:</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; white-space: nowrap"><FONT size=1 face="Times New Roman">Mutual funds</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">846,775</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">272,803</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">1,119,578</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">845,306</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">264,425</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">1,109,731</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; white-space: nowrap"><FONT size=1 face="Times New Roman">Equity securities</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">1,697,731</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">789,097</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">2,421</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">2,484,407</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">1,656,156</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">814,340</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">2,470,496</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">2,544,506</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">1,061,900</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">2,421</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">3,603,985</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">2,501,462</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">1,078,765</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">3,580,227</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap">&nbsp;</TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD></TR>







<TR STYLE="vertical-align: bottom; line-height: normal">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD COLSPAN="25" STYLE="text-align: left"><FONT size=2 face="Times New Roman">Investment income consists of the following:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap">&nbsp;</TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="5" STYLE="white-space: nowrap; text-align: center"><FONT size=1 face="Times New Roman">Three Months Ended</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="5" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">October 31</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">2019</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">2018</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"><FONT size=1 face="Times New Roman">Gain on sale of marketable securities</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">46,981</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"><FONT size=1 face="Times New Roman">Interest income</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">10,278</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=1 face="Times New Roman">13,561</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; white-space: nowrap"><FONT size=1 face="Times New Roman">Dividend income</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">7,744</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">8,874</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: White"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; white-space: nowrap"><FONT size=1 face="Times New Roman">Total</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">65,003</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=1 face="Times New Roman">22,435</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD></TR></TABLE>



<BR>

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">4.</FONT></B></TD>

   <TD vAlign=top width="100%" align=left><B><FONT size=2 face="Times New Roman">Financial Instruments and Credit Risk Concentrations:</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">Financial instruments that are potentially subject to concentrations of credit risk consist principally of marketable securities, cash and cash equivalents and receivables. Marketable securities and cash and cash equivalents are placed with multiple financial institutions and multiple instruments to minimize risk. No assurance can be made that such financial institutions and instruments will minimize all such risk.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">The Company derives rental income from approximately fifty tenants, of which one tenant accounted for 15.98%, another tenant accounted for 15.77% and a third tenant accounted for 12.25% of rental income during the three months ended October 31, 2019. The three months ended October 31, 2018 had one tenant account for 16.16%, another tenant account for 13.81% and a third tenant account for 11.95% of rental income. No other tenant accounted for more than 10% of rental income during the same periods.</FONT></TD></TR></TABLE>


<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-12-</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>

<BR>


<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">5.</FONT></B></TD>

   <TD vAlign=top width="100%" align=left><B><FONT size=2 face="Times New Roman">Property and Equipment:</FONT></B></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">All buildings owned by the Company are held for leasing except for a small portion used for Company Offices.</FONT></TD></TR></TABLE>
<BR>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="width: 100%; line-height: 14pt; border-collapse: collapse">



<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">October 31</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">July 31</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">2019</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">2019</FONT></TD></TR>
   <TR STYLE="vertical-align: bottom">

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 93%; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Land</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">6,067,805</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">6,067,805</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Buildings held for leasing:</FONT></TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Buildings and improvements</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman"></FONT></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">66,112,845</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">86,461,353</FONT></TD></TR>

<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; background-color: Silver"><FONT size=2 face="Times New Roman">Improvements to leased property</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; vertical-align: middle; background-color: Silver"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">1,478,012</FONT></TD></TR>


<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Construction in progress</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,252,057</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,325,940</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">69,364,902</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">90,265,305</FONT></TD></TR>

<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Less accumulated depreciation</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">31,564,537</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">43,310,270</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 30pt; background-color: Silver"><FONT size=2 face="Times New Roman">Buildings - net</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">37,800,365</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">46,955,035</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD>

   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD></TR>

<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Fixtures and equipment and other:</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; background-color: Silver"><FONT size=2 face="Times New Roman">Fixtures and equipment</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">144,545</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">144,545</FONT></TD></TR>

<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Other fixed assets</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">162,010</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">164,066</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">306,555</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">308,611</FONT></TD></TR>

<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Less accumulated depreciation</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">177,497</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">202,148</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; background-color: Silver"><FONT size=2 face="Times New Roman">Fixtures and equipment and other - net</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">129,058</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">106,463</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD>

   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 45pt"><FONT size=2 face="Times New Roman">Property and equipment - net</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">43,997,228</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">53,129,303</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Construction in progress includes:</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">October 31</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">July 31</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">2019</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">2019</FONT></TD></TR>



<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Building improvements at 9 Bond Street in Brooklyn, NY</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">223,680</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">29,132</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Building improvements at 25 Elm Place in Brooklyn, NY</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">581,783</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">426,533</FONT></TD></TR>

<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Improvements to leased property</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">131,119</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">303,975</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Building improvements at Fishkill, NY building</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,315,475</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,566,300</FONT></TD></TR>

<TR STYLE="vertical-align: bottom;">

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">3,252,057</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">2,325,940</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>

   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD colspan=7 STYLE="text-align: left"><FONT size=2 face="Times New Roman">Leased property included in the Company's real estate rental operations consists of the following:</FONT></TD> </TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>

   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD></TR></TABLE>


<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

    <TD STYLE="background-color: White">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="width: 94%; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">Estimated Useful Life</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="3" STYLE="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">October 31, 2019</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Operating lease right-of-use-assets</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Lease Terms &#8211; 7 to 54 years</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">27,104,937</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Less: Accumulated Amortization</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(</FONT><FONT size=2 face="Times New Roman">579,094</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Operating lease right-of-use-assets</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">26,525,843</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>                                              <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="width: 100%">



<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="vertical-align: top; width: 100%; text-align: left"><FONT size=2 face="Times New Roman">The initial recording of operating lease right-of-use assets on August 1, 2019 includes adjustments of $10,190,334, net of accumulated amortization, primarily relating to building and improvements included in a ground lease with an affiliate, principally owned by a director of the Company (&#8220;landlord&#8221;). The ground lease required the Company to construct a building during the lease period. Upon lease termination in 2029, the building and all improvements are turned over to the landlord as property owner.</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">Until this lease agreement with the landlord terminates in 2029, the Company remains solely responsible for the building, improvements and maintenance of the property included in this lease, and is solely entitled to tax depreciation and other tax deductions.</FONT></TD></TR>
</TABLE>




<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-13-</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>

<BR>


<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">6.</FONT></B></TD>

   <TD vAlign=top width="100%" align=left><B><FONT size=2 face="Times New Roman">Long-Term Debt &#8211; Mortgage:</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR></TABLE>


<TABLE style="WIDTH: 100%; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 border=0>



<TR vAlign=bottom>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD width="100%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

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   <TD width="1%" noWrap align=left></TD>

   <TD COLSPAN="5" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">October 31, 2019</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="5" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">July 31, 2019</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD width="100%" noWrap align=left></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Current</FONT></TD>

   <TD width="1%" noWrap align=center></TD>

   <TD width="1%" noWrap align=center></TD>

   <TD width="1%" noWrap align=center></TD>

   <TD width="1%" noWrap align=center></TD>

   <TD width="1%" noWrap align=center></TD>

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   <TD width="1%" noWrap align=center></TD>

   <TD width="1%" noWrap align=center></TD>

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<TR vAlign=bottom>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD width="100%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Annual</FONT></TD>

   <TD width="1%" noWrap align=center></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman">Final</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Due</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Due</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Due</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Due</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD width="100%" noWrap align=left></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Interest</FONT></TD>

   <TD width="1%" noWrap align=center></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman">Payment</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Within</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">After</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">Within</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">After</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White"></TD>

   <TD width="100%" noWrap align=left></TD>

   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">Rate</FONT></TD>

   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">Date</FONT></TD>

   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">One Year</FONT></TD>

   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">One Year</FONT></TD>

   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">One Year</FONT></TD>

   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">One Year</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Bond St. building, Brooklyn, NY</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4.375</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">%</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman">12/1/2024</FONT></TD>

   <TD width="1%" noWrap align=center><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">777,736</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4,478,184</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,298,610</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Less: Deferred financing costs</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">6,730</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">11,448</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Total</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">777,736</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">4,471,454</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">5,287,162</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; background-color: White"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left>&nbsp;</TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD></TR></TABLE>


<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">&nbsp;</FONT></B></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">On January 9, 2015, the Company refinanced its
   loan with a bank for $6,000,000, which included the outstanding balance as of January 2015 in the amount of $5,347,726 and an
   additional borrowing of $652,274. The loan is for a period of five years with a payment based on a twenty-five year
   amortization period. The interest rate for this period is fixed at 3.54% per annum. The mortgage loan is secured by the Nine
   Bond Street building in Brooklyn, New York. In November 2019, the Company refinanced this loan for $5,255,920 plus an
   additional $144,080 for a total of $5,400,000. The interest rate will be 4.375% per annum for a period of five years. The
   loan will be self-liquidating over a period of five years.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>
<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><B><FONT size=2 face="Times New Roman">7.</FONT></B></TD>

   <TD STYLE="vertical-align: top; width: 100%; text-align: left"><B><FONT size=2 face="Times New Roman">Operating Leases</FONT></B></TD></TR></TABLE>

   <P STYLE="text-align: left; text-indent: 30pt"><B><FONT size=2 face="Times New Roman">Lessor</FONT></B></P>

<P STYLE="text-align: left; margin-left: 30pt"><FONT size=2 face="Times New Roman">The Company leases office and retail space to tenants under operating leases in commercial buildings. The rental terms range from approximately 5 to 49 years. The leases provide for the payment of fixed base rent payable monthly in advance as well as reimbursements of real estate taxes and common area costs. The Company has elected to account for lease revenues and the reimbursements of common area costs as a single component included as rental income in our condensed consolidated statements of operations and retained earnings.</FONT></P>

<P STYLE="text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">The following table disaggregates the Company's revenues by lease and non-lease components:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="line-height: 14pt; border-collapse: collapse; width: 100%">



<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD COLSPAN="5" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">Three Months Ended</FONT> <FONT size=2 face="Times New Roman">October</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">2019</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>



   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">2018</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="width: 1%; background-color: White">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; width: 93%"><FONT size=2 face="Times New Roman">Base rent - fixed</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; width: 1%"><FONT size=2 face="Times New Roman">4,536,099</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; width: 1%"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; width: 1%"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; width: 1%"><FONT size=2 face="Times New Roman">4,698,885</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Reimbursements of common area costs</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">149,660</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">164,588</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Non-lease components (real estate taxes)</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">350,156</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">297,699</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Rental income</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">5,035,915</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;</TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">5,161,172</FONT></TD></TR></TABLE>

<P STYLE="text-align: left; text-indent: 30pt"><FONT size=2 face="Times New Roman">Future minimum non-cancelable rental income for leases with initial or remaining terms of one year or more </FONT><FONT size=2 face="Times New Roman">is as follows:</FONT></P>

<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="width: 91%; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="8" STYLE="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">Under ASC 842</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">As of October 31, 2019</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Company</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Leased</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Fiscal Year</FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Owned Property</FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Property</FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Total</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">For the remainder of 2020</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">7,529,034</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">4,590,212</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">12,119,246</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">2021</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">9,521,380</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">5,009,044</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">14,530,424</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">2022</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">7,878,165</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">4,039,069</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">11,917,234</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">2023</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">7,399,288</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,270,666</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">10,669,954</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">2024</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">6,483,940</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">2,987,050</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">9,470,990</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">2025</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">7,727,830</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,409,346</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">10,137,176</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">After 2025</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">44,904,996</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">12,433,194</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">57,338,190</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Total</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">91,444,633</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">34,738,581</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">126,183,214</FONT></TD></TR></TABLE>

<BR>

<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="width: 91%; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="8" STYLE="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">Under ASC 840</FONT> <FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">As of July 31, 2019</FONT> <FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Company</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Leased</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Fiscal Year</FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Owned Property</FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Property</FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Total</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">2020</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">10,038,712</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">6,120,283</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">16,158,995</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">2021</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">9,521,380</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">5,009,044</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">14,530,424</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">2022</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">7,878,165</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">4,039,069</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">11,917,234</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">2023</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">7,399,288</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">3,270,666</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">10,669,954</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">2024</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">6,483,940</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">2,987,050</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">9,470,990</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">After 2024</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">52,632,826</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">14,842,540</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">67,475,366</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: justify; padding-left: 15pt; background-color: Silver"><FONT size=2 face="Times New Roman">Total</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">93,954,311</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">36,268,652</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: justify; background-color: Silver"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">130,222,963</FONT></TD></TR></TABLE>

<BR>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-14-</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>
<BR>


<TABLE style="LINE-HEIGHT: normal; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0><TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=top width="100%" align=left>

   <p align="left"><FONT size=2 face="Times New Roman"><B>Lessee</b></font></p>
   <FONT size=2 face="Times New Roman">The Company&#8217;s real estate operations include leased properties under long-term, non-cancelable operating lease agreements. The leases expire at various dates through 2073, including options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. Certain leases provide for increases in future minimum annual rental payments as defined in the lease agreements.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">Operating lease costs for leased real property was exceeded by sublease rental income from the Company&#8217;s real estate operations as follows:</FONT></TD></TR>

</table><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="width: 100%; text-align: left"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>

   <TD COLSPAN="2" STYLE="width: 1%; white-space: nowrap; text-align: center; vertical-align: middle"><FONT size=2 face="Times New Roman">Three Months Ended</FONT></TD></TR>

<TR vAlign=bottom>

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">October 31, 2019</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Operating lease cost</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">749,866</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Sublease income</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,755,252</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Excess of sublease income over lease cost</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,005,386</FONT></TD></TR></TABLE>


<P style="TEXT-ALIGN: left; padding-left: 30pt"><FONT size=2 face="Times New Roman">The following is a maturity analysis of the annual undiscounted cash flows of the operating lease liabilities as of October 31, 2019:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="line-height: 14pt; border-collapse: collapse; width: 100%">



<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="width: 1%; background-color: White">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="width: 95%; text-align: left"><FONT size=2 face="Times New Roman">October 31, 2020</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,896,768</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">October 31, 2021</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,976,288</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">October 31, 2022</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,058,457</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">October 31, 2023</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,072,707</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">October 31, 2024</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,087,467</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Thereafter</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">11,800,909</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Total undiscounted cash flows</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">21,892,596</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Less: present value discount</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">(4,331,420</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; padding-bottom: 1pt"><FONT size=2 face="Times New Roman">)</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Total Lease Liabilities</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">17,561,176</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>



<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
   <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD></TR>
<TR vAlign=bottom>

    <TD STYLE="width: 1%; background-color: White">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="width: 95%; text-align: left"><FONT size=2 face="Times New Roman">Other information:</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: right"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>
   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Operating cash flows from operating leases</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">473,105</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD STYLE="background-color: White">&nbsp;</TD>
   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Weighted-average remaining lease term &#8211; operating leases</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">11.48 years</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD></TR>

<TR STYLE="vertical-align: bottom">

    <TD>&nbsp;</TD>
   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Weighted-average discount rate &#8211; operating leases</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">3.88%</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

</TABLE>


<P STYLE="text-align: left; margin-left: 30pt"><FONT size=2 face="Times New Roman">The following tables represents future minimum lease payments under noncancelable operating leases at July 31, 2019 as presented in the Company&#8217;s Annual Report on Form 10K:</FONT></P>

<TABLE style="LINE-HEIGHT: 14pt" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="width: 1%; white-space: nowrap; text-align: left"></TD>

   <TD STYLE="width: 97%; white-space: nowrap; text-align: left"></TD>

   <TD COLSPAN="2" STYLE="width: 2%; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Operating</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">Fiscal Year</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">Leases</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">2020</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">1,897,318</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">2021</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">1,941,494</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">2022</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">2,057,814</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">2023</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"></TD>

   <TD STYLE="white-space: nowrap; text-align: right"><FONT size=2 face="Times New Roman">2,072,000</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">2024</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver"><FONT size=2 face="Times New Roman">2,086,697</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">After 2024</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></TD>

   <TD STYLE="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><FONT size=2 face="Times New Roman">11,701,293</FONT></TD></TR>

<TR vAlign=bottom>

    <TD>&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Total required*</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: justify; background-color: Silver; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver; border-bottom: Black 2pt double"><FONT size=2 face="Times New Roman">21,756,616</FONT></TD></TR></table><BR>
   <TABLE style="LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>

    <TD STYLE="vertical-align: top; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 8pt; vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">*</font></TD>
   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Minimum payments have not been reduced by minimum sublease rentals of $36,268,652 under operating leases due in the future under non-cancelable leases.</FONT></TD>

  </TR></TABLE>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Rent payments related to an affiliate principally owned by a director of the Company totaled $246,812 for the three months ended October 31, 2019 and 2018. The rental payments are for two leases which expire May 31, 2029 and April 30, 2031, respectively.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-15-</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<BR>


<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">8.</FONT></B></TD>

   <TD vAlign=top width="100%" align=left>



   <P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Unbilled Receivables and Rental Income:</FONT></B></P></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">Unbilled receivables represent the excess of scheduled rental income recognized on a straight-line basis over rental income as it becomes receivable according to the provisions of each lease.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">9.</FONT></B></TD>

   <TD vAlign=top width="100%" align=left><B><FONT size=2 face="Times New Roman">Employees' Retirement Plan:</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">The Company sponsors a noncontributory Money Purchase Plan covering substantially all of its non-union employees. Operations were charged $101,402 and $106,460 as contributions to the Plan for the three months ended October 31, 2019 and 2018, respectively.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><B><FONT size=2 face="Times New Roman">Multi-employer plan:</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">The Company contributes to a union sponsored multi-employer pension plan covering its union employees. The Company contributions to the pension plan were $17,013 and $13,946 for the three months ended October 31, 2019 and 2018, respectively. Contributions and costs are determined in accordance with the provisions of negotiated labor contracts or terms of the plans. The Company also contributes to union sponsored health benefit plans.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><B><FONT size=2 face="Times New Roman">Contingent Liability for Pension Plan:</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">Information as to the Company&#8217;s portion of accumulated plan benefits and plan assets is not reported separately by the pension plan. Under the Employee Retirement Income Security Act, upon withdrawal from a multi-employer benefit plan, an employer is required to continue to pay its proportionate share of the plan&#8217;s unfunded vested benefits, if any. Any liability under this provision cannot be determined: however, the Company has not made a decision to withdraw from the plan.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left></TD>

   <TD vAlign=top width="100%" align=left><FONT size=2 face="Times New Roman">Information for contributing employer&#8217;s participation in the multi-employer plan:</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" noWrap align=left>&nbsp;</TD>

   <TD vAlign=top width="100%" align=left></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="border-collapse: collapse; width: 100%">



<TR vAlign=bottom>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="width: 30%; text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Legal name of Plan:</FONT></TD>

   <TD STYLE="width: 1%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="width: 68%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">United Food and Commercial</FONT></TD></TR>



<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">
Workers Local 888 Pension Fund</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Employer identification number:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">13-6367793</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Plan number:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">001</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Date of most recent Form 5500:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">December 31, 2018</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Certified zone status:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Critical and declining status</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Status determination date:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">January 1, 2018</FONT></TD></TR>


<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Plan used extended amortization provisions in status</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">calculation:</FONT></TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Yes</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Minimum required contribution:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Yes</FONT></TD></TR>


<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Employer contributing greater than 5% of Plan</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">contributions for year ended December 31, 2017:</FONT></TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Yes</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Rehabilitation plan implemented:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Yes</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Employer subject to surcharge:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Yes</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><FONT size=2 face="Times New Roman">Contract expiration date:</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">November 30, 2022</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT>&nbsp;</TD>

   <TD STYLE="text-align: left; padding-left: 15pt; white-space: nowrap"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD COLSPAN="3" STYLE="text-align: left"><FONT size=2 face="Times New Roman">For the plan years 2017-2019, under the pension fund&#8217;s rehabilitation plan, the Company agreed to pay a minimum contribution rate equal to 9.1% of the prior year total contribution rate. The Company has 29 employees and has a contract, expiring November 30, 2022, with a union covering rates of pay, hours of employment and other conditions of employment for approximately 21% of its employees. The Company considers that its labor relations with its employees and union are good.</FONT></TD>
</TR>
</TABLE>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-16-</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>


<!-- PART 4 -->
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>
<BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">10.</FONT></B></TD>
   <TD vAlign=top width="99%" noWrap align=left><B><FONT size=2 face="Times New Roman">Cash Flow Information:</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD vAlign=top width="99%" noWrap align=left><B><FONT size=2 face="Times New Roman"></FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left></TD>
   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">For purposes of reporting cash flows, the Company considers cash equivalents to consist of short-term highly liquid investments with maturities of three (3) months or less, which are readily convertible into cash. The following is a reconciliation of the Company&#8217;s cash and cash equivalents and restricted cash to the total presented on the consolidated statement of cash flows:</FONT></TD></TR></TABLE>
<BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD width="93%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="5%" colSpan=5 noWrap align=center><FONT size=2 face="Times New Roman">October 31</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="93%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">2019</FONT></TD>
   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">2018</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="93%" noWrap align=left><FONT size=2 face="Times New Roman">Cash and cash equivalents</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4,993,422</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">6,147,991</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="93%" noWrap align=left><FONT size=2 face="Times New Roman">Restricted cash, tenant security deposits</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">810,844</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">1,340,188</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="93%" noWrap align=left><FONT size=2 face="Times New Roman">Restricted cash, escrow</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">71,603</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">258,399</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="93%" noWrap align=left><FONT size=2 face="Times New Roman">Restricted cash, other</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">27,840</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">33,480</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="93%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 2pt double; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 2pt double; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5,903,709</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 2pt double; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 2pt double; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">7,780,058</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD STYLE="vertical-align: top; width: 99%; text-align: left"><FONT size=2 face="Times New Roman">Amounts in restricted cash primarily consist of cash held in bank accounts for tenant security deposits, amounts set aside in accordance with certain loan agreements, and security deposits with landlords and utility companies.</FONT></TD></TR></TABLE><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left></TD>
   <TD style="WIDTH: 93%" noWrap align=left><FONT size=2 face="Times New Roman">Supplemental disclosure:</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 5%" colSpan=5 noWrap align=center><FONT size=2 face="Times New Roman">Three Months Ended</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left></TD>
   <TD style="WIDTH: 93%" noWrap align=left></TD>
   <TD style="WIDTH: 1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="5%" colSpan=5 noWrap align=center><FONT size=2 face="Times New Roman">October 31</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left></TD>
   <TD style="WIDTH: 93%" noWrap align=left></TD>
   <TD style="WIDTH: 1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">2019</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">2018</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="93%" noWrap align=left><FONT size=2 face="Times New Roman">Cash Flow Information</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD STYLE="width: 93%; text-align: left; padding-left: 30pt; text-indent: -15pt"><FONT size=2 face="Times New Roman">Interest paid, net of capitalized interest of $26,456 (2019) and $15,067 (2018)</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=right><FONT size=2 face="Times New Roman">22,861</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=right><FONT size=2 face="Times New Roman">34,272</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD STYLE="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Income taxes paid</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">&#8211;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="93%" noWrap align=left>&nbsp;</TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 93%" noWrap align=left><FONT size=2 face="Times New Roman">Non-cash information</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left></TD>
   <TD style="WIDTH: 1%" noWrap align=right></TD>
   <TD style="WIDTH: 1%" noWrap align=left></TD>
   <TD style="WIDTH: 1%" noWrap align=left></TD>
   <TD style="WIDTH: 1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD STYLE="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Initial recognition of operating lease right-of-use assets</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face="Times New Roman">$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">27,104,937</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD STYLE="width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">Initial recognition of operating lease liabilities</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left><FONT size=2 face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=right><FONT size=2 face="Times New Roman">17,863,507</FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%" noWrap align=left></TD>
   <TD style="WIDTH: 1%" noWrap align=left></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">11.</FONT></B></TD>
   <TD vAlign=top width="99%" noWrap align=left><B><FONT size=2 face="Times New Roman">Common Stock:</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD vAlign=top width="99%" noWrap align=left><B><FONT size=2 face="Times New Roman"></FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left></TD>
   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">The Company has one class of common stock with identical voting rights and rights to liquidation.</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-17-</FONT></P>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<BR>

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left><B><FONT size=2 face="Times New Roman">12.</FONT></B></TD>
   <TD vAlign=top width="99%" noWrap align=left><B><FONT size=2 face="Times New Roman">Contingencies:</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD vAlign=top width="99%" noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left></TD>
   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">On November 2, 2018 the Company settled the lawsuit relating to defective workmanship and breach of contract to replace a roof and various other work on its Fishkill, New York building. The Company agreed to pay $635,000 to the Plaintiffs, D. Owens Electric, Inc., Mid-Hudson Structural Concrete, Inc. d/b/a Recycle Depot, and BSB Construction, Inc., in settlement of the claims made against the Company. This settlement resolves the actions and disputes referred to in the Decision and Order dated October 30, 2018 of the Supreme Court of the State of New York, County of Dutchess. The $635,000 was paid in full on November 6, 2018.</FONT></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left></TD>
   <TD vAlign=top width="99%" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left></TD>
   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">There are various other lawsuits and claims pending against the Company. It is the opinion of management that the resolution of these matters will not have a material adverse effect on the Company&#8217;s Consolidated Financial Statements.</FONT></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left></TD>
   <TD vAlign=top width="99%" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left></TD>
   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">If the Company sells, transfers, disposes of or demolishes 25 Elm Place, Brooklyn, New York, then the Company may be liable to create a condominium unit for the loading dock. The necessity of creating the condominium unit and the cost of such condominium unit cannot be determined at this time.</FONT></TD></TR></TABLE><BR>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-18-</FONT></P>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 2.</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">J. W. MAYS, INC.<BR></FONT></B><B><FONT size=2 face="Times New Roman">MANAGEMENT'S DISCUSSION AND ANALYSIS OF<BR>FINANCIAL CONDITION AND RESULTS OF OPERATIONS</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our financial statements and related notes thereto contained in this report. In this discussion, the words &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;our&#8221; and &#8220;us&#8221; refer to J.W. Mays, Inc. and subsidiaries.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Forward Looking Statements:</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The following can be interpreted as including forward looking statements under the Private Securities Litigation Reform Act of 1995. The words &#8220;outlook&#8221;, &#8220;intend&#8221;, &#8220;plans&#8221;, &#8220;efforts&#8221;, &#8220;anticipates&#8221;, &#8220;believes&#8221;, &#8220;expects&#8221; or words of similar import typically identify such statements. Various important factors that could cause actual results to differ materially from those expressed in the forward-looking statements are identified under the heading &#8220;Cautionary Statement Regarding Forward-Looking Statements&#8221; below. Our actual results may vary significantly from the results contemplated by these forward-looking statements based on a number of factors including, but not limited to, availability of labor, marketing success, competitive conditions and the change in economic conditions of the various markets we serve.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Critical Accounting Policies and Estimates:</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingent assets and liabilities. We believe the critical accounting policies in Note 1 to the Condensed Consolidated Financial Statements disclose our more significant judgments and estimates used in the preparation of our financial statements. Actual results may differ from these estimates under different assumptions and conditions. (See Note 1 on pages 7 through 10 to the Condensed Consolidated Financial Statements herein and Note 1 on pages 9 through 13 to the Consolidated Financial Statements in the Annual Report to Shareholders for the fiscal year ended July 31, 2019).</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Results of Operations:</FONT></B></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Three months ended October 31, 2019 compared to the three months ended October 31, 2018:</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In the three months ended October 31, 2019, the Company reported net income of $128,544, or $.06 per share. In the comparable three months ended October 31, 2018, the Company reported net loss of $(79,194), or $(.04) per share. The loss in the 2018 three months was primarily due to settlement of litigation costs in the amount of $635,000 (see Note 12). In addition, revenues in the current three months decreased and real estate operating expenses increased as explained below.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Revenues in the current three months decreased to $5,035,915 from $5,161,172 in the comparable 2018 three months primarily due to loss of rental income from two tenants, partially offset by rental from one new tenant.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Real estate operating expenses in the current three months increased to $3,248,594 from $2,976,644 in the comparable 2018 three months primarily due to increases in real estate taxes and rent expense, partially offset by decreases in maintenance costs and leasing commissions.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Administrative and general expenses in the current three months decreased to $1,215,635 from $1,742,936 in the comparable 2018 three months primarily due to the settlement of litigation costs in the amount of $635,000 in the 2018 three months (see Note 13), partially offset by increases in legal and professional costs and a bad debt expense from a tenant.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Depreciation expense in the current three months decreased to $387,410 from $466,297 in the comparable 2018 three months primarily due to a decrease in depreciation on the Jamaica building due to the recording of the building to right-of-use asset (see Notes 1, 5 and 7), partially offset by additional depreciation from prior year improvements in the Brooklyn buildings.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Investment income exceeded interest expense in the current three months by $18,268 and interest expense exceeded investment income by $51,489 in the comparable 2018 three months. The increase in investment income was primarily due to the gain on sale of marketable securities.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-19-</FONT></P>
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<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Liquidity and Capital Resources:</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Management considers current working capital and borrowing capabilities adequate to cover the Company&#8217;s planned operating and capital requirements. The Company&#8217;s cash and cash equivalents amounted to $4,993,422 at October 31, 2019.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In March 2017, the Company leased 7,700 square feet to a medical facility at its Nine Bond Street Brooklyn, New York building, for a term of ten years with two five-year option periods. To accommodate this tenant, an existing tenant surrendered 400 square feet of retail space. The cost of renovations for this tenant was $329,154 and brokerage commissions were $216,052. The tenant took occupancy and commenced payment of rent in October 2019.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The tenant who leased 20,000 square feet of space at the Company&#8217;s Massapequa, New York property to open a restaurant had their lease terminated in April 2019 for non-payment of rent. The tenant&#8217;s lease commenced in September 2018 and rent was supposed to begin in January 2019. The Company re-leased these premises in August 2019 to a fast food restaurant expiring in April 2030. Rent is expected to commence in September 2020.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In July 2019, the Company leased 47,000 square feet to a community college at its Fishkill, New York building for a term of fifteen years with two five-year option periods. The cost of renovations for this tenant will be approximately $3,200,000 and brokerage commissions will be $448,939. The tenant is expected to take occupancy and commence payment of rent in June 2020. The Company is in the process of discussing with a bank the financing of these costs.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In July 2019, the retail tenant at the Company&#8217;s Fishkill, New York building who occupies 90,000 square feet gave notice to terminate their lease effective October 30, 2019. The loss in annual rent will be approximately $250,000. The Company and the tenant then agreed to extend the lease until December 2019.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In August 2019, a tenant who occupies 23,603 square feet of office space at the Company&#8217;s Jowein building in Brooklyn, New York vacated the premises. The loss in annual rent will be approximately $814,000.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In September 2019, a retail tenant who occupies 128,196 square feet surrendered approximately 22,000 square feet at the Company&#8217;s Nine Bond Street building in Brooklyn, New York. The loss in annual rent will be approximately $965,000.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In November 2019, the Company refinanced a loan with a bank for the balance due at October 31, 2019 in the amount of $5,255,920 plus an additional $144,080 for a total of $5,400,000. The interest rate will be 4.375% per annum. The loan will be self-liquidating over a five-year period.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In November 2019, the Company extended a lease with one of the Company&#8217;s landlords, which expires in April 2026 for an additional eight years and eight months to expire in December 2034 at its Nine Bond Street  building in Brooklyn, New York.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Cash Flows From Operating Activities:</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Payroll and Other Accrued Liabilities: The Company had a balance due at October 31, 2019 for brokerage commissions of $583,428.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Cash Flows From Investing Activities:</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company had expenditures of $194,547 for the three months ended October 31, 2019 for elevator upgrade work at the Company&#8217;s Nine Bond Street building in Brooklyn, New York.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company had expenditures for elevator upgrade work in the amount of $106,734 for the three months ended October 31, 2019, at the Company&#8217;s Jamaica, New York building. The Company had expenditures of $208,368 for renovation work for an existing tenant.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company had expenditures for renovations for a new tenant
in the amount of $33,230 for the three months ended October 31, 2019, at its Fishkill, New York building. The total cost is
estimated to be $3,200,000 and is anticipated to be completed in May 2020. The Company also had expenditures of $272,678 for
four new elevators for the three months ended October 31, 2019. The total cost will be approximately $1,800,000 and is
anticipated to be completed in early 2020. The Company also had expenditures of $443,267 for a new lobby for the three months
ended October 31, 2019. The total cost will be approximately $1,500,000 and is anticipated to be completed in December
2019.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company had expenditures in the amount of $155,250 for elevator upgrade work at its Jowein building in Brooklyn, New York.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-20-</FONT></P>
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<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Cautionary Statement Regarding Forward-Looking Statements:</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">This section, Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations, other sections of this Report on Form 10-Q and other reports and verbal statements made by our representatives from time to time may contain forward-looking statements that are based on our assumptions, expectations and projections about us and the real estate industry. These include statements regarding our expectations about revenues, our liquidity, our expenses and our continued growth, among others. Such forward-looking statements by their nature involve a degree of risk and uncertainty. We caution that a variety of factors, including but not limited to the factors listed below, could cause business conditions and our results to differ materially from what is contained in forward-looking statements:</FONT></P> <TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse; TEXT-ALIGN: left" cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">changes in the rate of economic growth in the United States;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">the ability to obtain credit from financial institutions and the related costs;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">changes in the financial condition of our customers;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">changes in regulatory environment;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">lease cancellations;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">changes in our estimates of costs;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">war and/or terrorist attacks on facilities where services are or may be provided;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">outcomes of pending and future litigation;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">increasing competition by other companies;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">compliance with our loan covenants;</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">recoverability of claims against our customers and others by us and claims by third parties against us; and</TD></TR>
<TR> <TD style="PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD> <TD vAlign=top width="99%">changes in estimates used in our critical accounting policies.</TD></TR></TABLE>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Other factors and assumptions not identified above were also involved in the formation of these forward-looking statements and the failure of such other assumptions to be realized, as well as other factors, may also cause actual results to differ materially from those projected. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described above in connection with any forward-looking statements that may be made by us.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to review any additional disclosures we make in proxy statements, quarterly reports on Form 10-Q, annual reports on Form 10-K and any Form 8-K reports filed with the United States Securities and Exchange Commission.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 3. Quantitative and Qualitative Disclosures About Market Risk:</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Company uses fixed-rate debt to finance its capital requirements. These transactions do not expose the Company to market risk related to changes in interest rates. The Company does not use derivative financial instruments. At October 31, 2019, the Company had fixed-rate debt of $5,255,920.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 4. Controls and Procedures:</FONT></B></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Evaluation of Disclosure Controls and Procedures</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;)) as of the end of the period covered by this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded, as of the end of the period covered by this quarterly report, our disclosure controls and procedures were effective and provide reasonable assurance that the information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported accurately and within the time periods specified in the SEC&#8217;s rules and forms, and is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosures.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Changes in Internal Control Over Financial Reporting</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">There have been no changes in our internal control over financial reporting during the period covered by this report that have materially affected, or are likely to materially affect, our internal control over financial reporting.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-21-</FONT></P>
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<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Part II - Other Information</FONT></B></P>
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   <TD width="1%" align=left><B><FONT size=2 face="Times New Roman">Item&nbsp;</FONT></B></TD>

   <TD width="98%" align=left><B><FONT size=2 face="Times New Roman">1. Legal Proceedings</FONT></B></TD></TR>

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   <TD width="98%" align=left><FONT size=2 face="Times New Roman">From time to time we are involved in legal actions arising in the ordinary course of business. In our opinion, the outcome of such matters in the aggregate will not have a material adverse effect on our financial condition, results of operations or cash flows. See also Note 12 to the Company&#8217;s Condensed Consolidated Financial Statements.</FONT></TD></TR>

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   <TD width="1%" align=left><B><FONT size=2 face="Times New Roman">Item</FONT></B></TD>

   <TD width="98%" align=left><B><FONT size=2 face="Times New Roman">1A. Risk Factors</FONT></B></TD></TR>

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   <TD width="98%" align=left><FONT size=2 face="Times New Roman">There have been no changes to our risk factors from those disclosed in our Annual Report on Form 10-K for our fiscal year ended July 31, 2019.</FONT></TD></TR>

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   <TD width="98%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

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   <TD width="1%" align=left><B><FONT size=2 face="Times New Roman">Item</FONT></B></TD>

   <TD width="98%" align=left><B><FONT size=2 face="Times New Roman">2. Unregistered Sales of Equity Securities and Use of Proceeds</FONT></B></TD></TR>

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   <TD width="98%" align=left><FONT size=2 face="Times New Roman">None</FONT></TD></TR>

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   <TD width="98%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

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   <TD width="1%" align=left><B><FONT size=2 face="Times New Roman">Item</FONT></B></TD>

   <TD width="98%" align=left><B><FONT size=2 face="Times New Roman">3. Defaults Upon Senior Securities</FONT></B></TD></TR>

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   <TD width="98%" align=left><FONT size=2 face="Times New Roman">None</FONT></TD></TR>

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   <TD width="98%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

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   <TD width="1%" align=left><B><FONT size=2 face="Times New Roman">Item</FONT></B></TD>

   <TD width="98%" align=left><B><FONT size=2 face="Times New Roman">4. Mine Safety Disclosures</FONT></B></TD></TR>

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   <TD width="98%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

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   <TD width="98%" align=left><B><FONT size=2 face="Times New Roman">5. Other Information</FONT></B></TD></TR>

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   <TD width="1%" align=left><B><FONT size=2 face="Times New Roman">Item</FONT></B></TD>

   <TD width="98%" align=left><B><FONT size=2 face="Times New Roman">6. Exhibits and Reports on Form 8-K</FONT></B></TD></TR>

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   <TD STYLE="width: 1%; white-space: nowrap; text-align: right; padding-left: 10pt"><FONT size=2 face="Times New Roman">(a)&nbsp;</FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">List of Exhibits:</FONT></TD></TR>                                                                                                           <TR STYLE="vertical-align: bottom">
   <TD STYLE="border-style: none; border-width: medium; white-space: nowrap; text-align: center">&nbsp;</TD>
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   <TD STYLE="width: 1%; white-space: nowrap; text-align: center"></TD>

   <TD STYLE="width: 3%; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Sequentially</FONT></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Exhibit</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"><B><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>

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   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Numbered</FONT></TD></TR>

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   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Number</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"></TD>

   <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Exhibit</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman"><B><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></FONT></TD>

   <TD STYLE="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">Page</FONT></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver; padding-right: 20pt"><A HREF="http://www.sec.gov/Archives/edgar/data/54187/000120677417002894/jwmays3192169-ex3i.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">(3)</FONT></A></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><A HREF="http://www.sec.gov/Archives/edgar/data/54187/000120677417002894/jwmays3192169-ex3i.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Articles of Incorporation and Bylaws.</FONT></A></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver"><A HREF="http://www.sec.gov/Archives/edgar/data/54187/000120677417002894/jwmays3192169-ex3i.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">N/A</FONT></A></TD></TR>


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   <TD STYLE="white-space: nowrap; text-align: right; padding-right: 20pt"><A HREF="http://www.sec.gov/Archives/edgar/data/54187/000120677417001790/jwmays3192164-ex10.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">(10)</FONT></A></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><A HREF="http://www.sec.gov/Archives/edgar/data/54187/000120677417001790/jwmays3192164-ex10.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Material contracts.</FONT></A></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/54187/000120677417001790/jwmays3192164-ex10.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">N/A</FONT></A></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Statement re computation of per share earnings</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver"><FONT size=2 face="Times New Roman">N/A</FONT></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Statement re computation of ratios</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">N/A</FONT></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver; padding-right: 20pt"><FONT size=2 face="Times New Roman">(14)</FONT></TD>

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   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Code of ethics</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver"><FONT size=2 face="Times New Roman">N/A</FONT></TD></TR>

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   <TD STYLE="white-space: nowrap; text-align: right; padding-right: 20pt"><FONT size=2 face="Times New Roman">(15)</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Letter re unaudited interim financial information.</FONT></TD>

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   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">N/A</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver; padding-right: 20pt"><FONT size=2 face="Times New Roman">(18)</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Letter re change in accounting principles.</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver"><FONT size=2 face="Times New Roman">N/A</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: right; padding-right: 20pt"><FONT size=2 face="Times New Roman">(19)</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">Report furnished to security holders.</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><FONT size=2 face="Times New Roman">N/A</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver; padding-right: 20pt"><FONT size=2 face="Times New Roman">(31)</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Additional exhibits - Certifications Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver"></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: left; padding-right: 20pt"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><A HREF="jwmays3522918-ex311.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">(31.1) Chief Executive Officer</FONT></A></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><A HREF="jwmays3522918-ex311.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">24</FONT></A></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver; padding-right: 20pt"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><A HREF="jwmays3522918-ex312.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">(31.2) Chief Financial Officer</FONT></A></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver"><A HREF="jwmays3522918-ex312.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">25</FONT></A></TD></TR>

<TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver; padding-right: 20pt">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver">&nbsp;</TD></TR>
<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: right; padding-right: 20pt"><A HREF="jwmays3522918-ex32.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">(32)</FONT></A></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: left"><A HREF="jwmays3522918-ex32.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Certification
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.</FONT></A></TD>

   <TD STYLE="white-space: nowrap; text-align: left"></TD>

   <TD STYLE="white-space: nowrap; text-align: center"><A HREF="jwmays3522918-ex32.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">26</FONT></A></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: right; background-color: Silver; padding-right: 20pt"><FONT size=2 face="Times New Roman">(95)</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">Mine safety disclosure.</FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="white-space: nowrap; text-align: center; background-color: Silver"><FONT size=2 face="Times New Roman">N/A</FONT></TD></TR>                                                                                                                                         <TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: right; padding-right: 20pt">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD></TR>
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<TR vAlign=bottom>


   <TD STYLE="width: 3%; white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">EX-101.INS</FONT></TD>

   <TD STYLE="width: 1%; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman"><B><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></FONT></TD>

   <TD STYLE="width: 96%; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">XBRL Instance Document</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">EX-101.SCH</FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">XBRL Taxonomy Extension Schema</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">EX-101.PRE</FONT></TD>

   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">XBRL Taxonomy Extension Presentation Linkbase</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">EX-101.LAB</FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">XBRL Taxonomy Extension Label Linkbase</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">EX-101.CAL</FONT></TD>

   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; background-color: Silver"><FONT size=2 face="Times New Roman">XBRL Taxonomy Extension Calculation Linkbase</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="white-space: nowrap; text-align: left"><FONT size=2 face="Times New Roman">EX-101.DEF</FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">XBRL Taxonomy Extension Definition Linkbase</FONT></TD></TR>                                                                                                                              <TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD>
   <TD STYLE="text-align: left">&nbsp;</TD>
   <TD STYLE="text-align: left">&nbsp;</TD></TR>
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<TR vAlign=bottom>


   <TD STYLE="width: 3%; text-align: right; padding-left: 30pt"><FONT size=2 face="Times New Roman">(b)&nbsp;</FONT></TD>

   <TD STYLE="width: 97%; text-align: left"><FONT size=2 face="Times New Roman">Reports on Form 8-K &#8211; Two reports on Form 8-K were filed by the registrant for the period ended October 31, 2019.
</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="text-align: left; padding-left: 30pt"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="text-align: left; padding-left: 30pt"></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">Item reported:</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="text-align: left; padding-left: 30pt"></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="text-align: left; padding-left: 30pt"></TD>

   <TD STYLE="text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">The Company reported entry into a material definitive agreement.<BR>
Date of report filed &ndash; September 19, 2019.
</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="text-align: left; padding-left: 30pt"></TD>

   <TD STYLE="text-align: left"><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>


   <TD STYLE="text-align: left; padding-left: 30pt">&nbsp;</TD>

   <TD STYLE="text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">The Company reported its financial results for the three months and year ended July 31, 2019.<BR>
Date of report filed &ndash; October 3, 2019.
</FONT></TD></TR>
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<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-22-</FONT></P>

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<P style="TEXT-ALIGN: center"><B><U><FONT size=2 face="Times New Roman">SIGNATURES</FONT></U></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused </FONT><FONT size=2 face="Times New Roman">this report to be signed on its behalf by the undersigned thereunto duly authorized.</FONT></P>

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<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="30%" noWrap align=center><FONT size=2 face="Times New Roman">J.W. MAYS, Inc.</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="TEXT-ALIGN: center" width="30%" noWrap><FONT size=2 face="Times New Roman">(Registrant)</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR>

   <TD width="91%" colSpan=6>&nbsp;</TD>

   <TD width="1%"></TD>

   <TD width="8%"></TD></TR>

<TR>

   <TD width="91%" colSpan=6>&nbsp;</TD>

   <TD width="1%"></TD>

   <TD width="8%"></TD></TR>

<TR>

   <TD width="91%" colSpan=6>&nbsp;</TD>

   <TD width="1%"></TD>

   <TD width="8%"></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">Date: </FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="29%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; December 5, 2019 </FONT></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="30%" noWrap align=left><FONT size=2 face="Times New Roman">Lloyd J. Shulman</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left>&nbsp;</TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left>&nbsp;</TD>

   <TD width="30%" noWrap align=left><FONT size=2 face="Times New Roman">Lloyd J. Shulman</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left>&nbsp;</TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left>&nbsp;</TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="30%" noWrap align=left><FONT size=2 face="Times New Roman">President</FONT></TD>

   <TD width="1%" noWrap align=left>&nbsp;</TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left>&nbsp;</TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="30%" noWrap align=left><FONT size=2 face="Times New Roman">Chief Executive Officer</FONT></TD>

   <TD width="1%" noWrap align=left>&nbsp;</TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR>

   <TD width="91%" colSpan=6>&nbsp;</TD>

   <TD width="1%"></TD>

   <TD width="8%"></TD></TR>

<TR>

   <TD width="91%" colSpan=6>&nbsp;</TD>

   <TD width="1%"></TD>

   <TD width="8%"></TD></TR>

<TR>

   <TD width="91%" colSpan=6>&nbsp;</TD>

   <TD width="1%"></TD>

   <TD width="8%"></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">Date:</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="29%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; December 5, 2019 </FONT></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="30%" noWrap align=left><FONT size=2 face="Times New Roman">Mark S. Greenblatt</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="30%" noWrap align=left><FONT size=2 face="Times New Roman">Mark S. Greenblatt</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="30%" noWrap align=left><FONT size=2 face="Times New Roman">Vice President</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="8%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="29%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="30%" noWrap align=left><FONT size=2 face="Times New Roman">Chief Financial Officer</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="8%" noWrap align=left></TD></TR></TABLE>


<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-23-</FONT></P>

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<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>jwmays3522918-ex311.htm
<DESCRIPTION>CHIEF EXECUTIVE OFFICER
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<P style="TEXT-ALIGN: right"><B><FONT size=2 face="Times New Roman">EXHIBIT 31.1</FONT></B></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">CERTIFICATION</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">I, Lloyd J. Shulman, certify that:</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">1. I have reviewed this Quarterly Report on Form 10-Q of J.W. Mays, Inc.;</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</FONT></P>

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<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(a)&nbsp;</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(b)</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(c)</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(d)</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;</FONT></TD></TR></TABLE>


<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</FONT></P>

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<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(a)&nbsp;</FONT></TD>

   <TD width="99%" align=left><FONT size=2 face="Times New Roman">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD width="99%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(b)</FONT></TD>

   <TD width="99%" align=left><FONT size=2 face="Times New Roman">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></TD></TR></TABLE><BR>

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<TR vAlign=bottom>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">Date:&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>

   <TD width="55%" noWrap align=left><FONT size=2 face="Times New Roman">December 5, 2019 </FONT></TD>

   <TD width="20%" noWrap align=left></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR>

   <TD width="76%" colSpan=3>&nbsp;</TD>

   <TD width="24%"></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD style="WIDTH: 20%; BORDER-BOTTOM: black 1pt dashed; TEXT-ALIGN: left" noWrap><FONT size=2 face="Times New Roman">/s/ Lloyd J. Shulman</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left>&nbsp;</TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Lloyd J. Shulman</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">President</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Chief Executive Officer</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-24-</FONT></P>

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<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>jwmays3522918-ex312.htm
<DESCRIPTION>CHIEF FINANCIAL OFFICER
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<P style="TEXT-ALIGN: right"><B><FONT size=2 face="Times New Roman">EXHIBIT 31.2</FONT></B></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">CERTIFICATION</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">I, Mark S. Greenblatt, certify that:</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">1. I have reviewed this Quarterly Report on Form 10-Q of J.W. Mays, Inc.;</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</FONT></P>

<TABLE style="LINE-HEIGHT: normal; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(a)&nbsp;</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(b)</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(c)</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(d)</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;</FONT></TD></TR></TABLE>


<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</FONT></P>

<TABLE style="LINE-HEIGHT: NORMAL; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(a)&nbsp;</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="1%" align=left><FONT size=2 face="Times New Roman">(b)&nbsp;</FONT></TD>

   <TD vAlign=top width="99%" align=left><FONT size=2 face="Times New Roman">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></TD></TR></TABLE>


<BR>

<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">Date:&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>

   <TD width="55%" noWrap align=left><FONT size=2 face="Times New Roman">December 5, 2019 </FONT></TD>

   <TD width="20%" noWrap align=left></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR>

   <TD width="76%" colSpan=3>&nbsp;</TD>

   <TD width="24%"></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD style="WIDTH: 20%; BORDER-BOTTOM: black 1pt dashed; TEXT-ALIGN: left" noWrap><FONT size=2 face="Times New Roman">/s/ Mark S. Greenblatt</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left>&nbsp;</TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Mark S. Greenblatt</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Vice President</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Chief Financial Officer</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-25-</FONT></P>

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<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>4
<FILENAME>jwmays3522918-ex32.htm
<DESCRIPTION>CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
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<P style="TEXT-ALIGN: right"><B><FONT size=2 face="Times New Roman">EXHIBIT 32 </FONT></B></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">CERTIFICATION PURSUANT TO<BR></FONT></B><B><FONT size=2 face="Times New Roman">18 U.S.C. SECTION 1350,<BR>AS ADOPTED PURSUANT TO<BR></FONT></B><B><FONT size=2 face="Times New Roman">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">In connection with the Quarterly Report of J.W. Mays, Inc. (the "Company") on Form 10-Q for the period ended October 31, 2019 as filed with the United States Securities and Exchange Commission (the "Report"), we, Lloyd J. Shulman and Mark S. Greenblatt, Chief Executive Officer and Chief Financial Officer, respectively, of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:
</FONT></P>

<TABLE style="BORDER-COLLAPSE: collapse; LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD vAlign=top noWrap><FONT size=2 face="Times New Roman">(1)&nbsp;&nbsp; </FONT></TD>

   <TD width="100%"><FONT size=2 face="Times New Roman">The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</FONT></TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR>

   <TD vAlign=top noWrap><FONT size=2 face="Times New Roman">(2)</FONT></TD>

   <TD width="100%"><FONT size=2 face="Times New Roman">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</FONT></TD></TR></TABLE><BR>

<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date:&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>

   <TD width="55%" noWrap align=left><FONT size=2 face="Times New Roman">December 5, 2019 </FONT></TD>

   <TD width="20%" noWrap align=left></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR>

   <TD width="76%" colSpan=3>&nbsp;</TD>

   <TD width="24%"></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD style="WIDTH: 20%; BORDER-BOTTOM: black 1pt dashed; TEXT-ALIGN: left" noWrap><FONT size=2 face="Times New Roman">/s/ Lloyd J. Shulman</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left>&nbsp;</TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Lloyd J. Shulman</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Chief Executive Officer</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD width="20%" noWrap align=left>&nbsp;&nbsp; </TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD style="WIDTH: 20%; BORDER-BOTTOM: black 1pt dashed; TEXT-ALIGN: left" noWrap><FONT size=2 face="Times New Roman">/s/ Mark S. Greenblatt</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Mark S. Greenblatt</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR>

   <TD width="1%" noWrap align=left></TD>

   <TD width="55%" noWrap align=left></TD>

   <TD width="20%" noWrap align=left><FONT size=2 face="Times New Roman">Chief Financial Officer</FONT></TD>

   <TD width="24%" noWrap align=left></TD></TR></TABLE>


<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">A signed original of this written statement required by Section 906 has been provided to J.W. Mays, Inc. and will be retained by J.W. Mays, Inc. and furnished to the United States Securities and Exchange Commission or its staff upon request.</FONT></P>


<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-26-</FONT></P>


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<TYPE>EX-101.INS
<SEQUENCE>5
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text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Bond St. building, Brooklyn, NY&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;4.375&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;%&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;12/1/2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;777,736&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,478,184&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,298,610&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less: Deferred financing costs&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,730&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,448&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;777,736&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,471,454&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,287,162&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;On January 9, 2015, the Company refinanced its&#13;   loan with a bank for $6,000,000, which included the outstanding balance as of January 2015 in the amount of $5,347,726 and an&#13;   additional borrowing of $652,274. The loan is for a period of five years with a payment based on a twenty-five year&#13;   amortization period. The interest rate for this period is fixed at 3.54% per annum. The mortgage loan is secured by the Nine&#13;   Bond Street building in Brooklyn, New York. In November 2019, the Company refinanced this loan for $5,255,920 plus an&#13;   additional $144,080 for a total of $5,400,000. The interest rate will be 4.375% per annum for a period of five years. The&#13;   loan will be self-liquidating over a period of five years.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:MortgageNotesPayableDisclosureTextBlock>
    <mays:UnbilledReceivablesAndRentalIncomeTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;p&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;8.&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&#13;&#13;   &#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Unbilled Receivables and Rental Income:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Unbilled receivables represent the excess of scheduled rental income recognized on a straight-line basis over rental income as it becomes receivable according to the provisions of each lease.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mays:UnbilledReceivablesAndRentalIncomeTextBlock>
    <us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;9.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Employees' Retirement Plan:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company sponsors a noncontributory Money Purchase Plan covering substantially all of its non-union employees. Operations were charged $101,402 and $106,460 as contributions to the Plan for the three months ended October 31, 2019 and 2018, respectively.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Multi-employer plan:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company contributes to a union sponsored multi-employer pension plan covering its union employees. The Company contributions to the pension plan were $17,013 and $13,946 for the three months ended October 31, 2019 and 2018, respectively. Contributions and costs are determined in accordance with the provisions of negotiated labor contracts or terms of the plans. The Company also contributes to union sponsored health benefit plans.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Contingent Liability for Pension Plan:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Information as to the Company&amp;#8217;s portion of accumulated plan benefits and plan assets is not reported separately by the pension plan. Under the Employee Retirement Income Security Act, upon withdrawal from a multi-employer benefit plan, an employer is required to continue to pay its proportionate share of the plan&amp;#8217;s unfunded vested benefits, if any. Any liability under this provision cannot be determined: however, the Company has not made a decision to withdraw from the plan.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Information for contributing employer&amp;#8217;s participation in the multi-employer plan:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 30%; text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Legal name of Plan:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 68%; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;United Food and Commercial&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&#13;Workers Local 888 Pension Fund&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Employer identification number:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;13-6367793&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Plan number:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;001&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Date of most recent Form 5500:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;December 31, 2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Certified zone status:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;Critical and declining status&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Status determination date:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;January 1, 2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Plan used extended amortization provisions in status&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;calculation:&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;Yes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Minimum required contribution:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;Yes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Employer contributing greater than 5% of Plan&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;contributions for year ended December 31, 2017:&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;Yes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Rehabilitation plan implemented:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;Yes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Employer subject to surcharge:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;Yes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Contract expiration date:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;November 30, 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td colspan="3" style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;For the plan years 2017-2019, under the pension fund&amp;#8217;s rehabilitation plan, the Company agreed to pay a minimum contribution rate equal to 9.1% of the prior year total contribution rate. The Company has 29 employees and has a contract, expiring November 30, 2022, with a union covering rates of pay, hours of employment and other conditions of employment for approximately 21% of its employees. The Company considers that its labor relations with its employees and union are good.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock>
    <us-gaap:CashFlowSupplementalDisclosuresTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;10.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Cash Flow Information:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;For purposes of reporting cash flows, the Company considers cash equivalents to consist of short-term highly liquid investments with maturities of three (3) months or less, which are readily convertible into cash. The following is a reconciliation of the Company&amp;#8217;s cash and cash equivalents and restricted cash to the total presented on the consolidated statement of cash flows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &#13;&lt;br /&gt; &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt; &#13; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td colspan="5" style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,993,422&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,147,991&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Restricted cash, tenant security deposits&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;810,844&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,340,188&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Restricted cash, escrow&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;71,603&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;258,399&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Restricted cash, other&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;27,840&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;33,480&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,903,709&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,780,058&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt; &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt; &#13; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Amounts in restricted cash primarily consist of cash held in bank accounts for tenant security deposits, amounts set aside in accordance with certain loan agreements, and security deposits with landlords and utility companies.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt; &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt; &#13; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Supplemental disclosure:&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td colspan="5" style="width: 5%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Three Months Ended&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td colspan="5" style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Cash Flow Information&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; text-align: left; padding-left: 30pt; text-indent: -15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Interest paid, net of capitalized interest of $26,456 (2019) and $15,067 (2018)&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;22,861&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;34,272&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Income taxes paid&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Non-cash information&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Initial recognition of operating lease right-of-use assets&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;27,104,937&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Initial recognition of operating lease liabilities&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;17,863,507&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:CashFlowSupplementalDisclosuresTextBlock>
    <us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;11.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Common Stock:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company has one class of common stock with identical voting rights and rights to liquidation.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;12.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Contingencies:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;On November 2, 2018 the Company settled the lawsuit relating to defective workmanship and breach of contract to replace a roof and various other work on its Fishkill, New York building. The Company agreed to pay $635,000 to the Plaintiffs, D. Owens Electric, Inc., Mid-Hudson Structural Concrete, Inc. d/b/a Recycle Depot, and BSB Construction, Inc., in settlement of the claims made against the Company. This settlement resolves the actions and disputes referred to in the Decision and Order dated October 30, 2018 of the Supreme Court of the State of New York, County of Dutchess. The $635,000 was paid in full on November 6, 2018.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;There are various other lawsuits and claims pending against the Company. It is the opinion of management that the resolution of these matters will not have a material adverse effect on the Company&amp;#8217;s Consolidated Financial Statements.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;If the Company sells, transfers, disposes of or demolishes 25 Elm Place, Brooklyn, New York, then the Company may be liable to create a condominium unit for the loading dock. The necessity of creating the condominium unit and the cost of such condominium unit cannot be determined at this time.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <us-gaap:OperatingLeasesOfLesseeDisclosureTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; border-collapse: collapse; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease costs for leased real property was exceeded by sublease rental income from the Company&amp;#8217;s real estate operations as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;/table&gt;&lt;br /&gt;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 100%; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 1%; white-space: nowrap; text-align: center; vertical-align: middle"&gt;&lt;font style="font: x-small Times New Roman"&gt;Three Months Ended&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease cost&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;749,866&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Sublease income&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,755,252&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Excess of sublease income over lease cost&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,005,386&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OperatingLeasesOfLesseeDisclosureTextBlock>
    <us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;p style="text-align: left; padding-left: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;The following is a maturity analysis of the annual undiscounted cash flows of the operating lease liabilities as of October 31, 2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="width: 1%; background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 95%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2020&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,896,768&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2021&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,976,288&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2022&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,058,457&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2023&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,072,707&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,087,467&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Thereafter&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,800,909&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total undiscounted cash flows&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;21,892,596&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less: present value discount&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;(4,331,420&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total Lease Liabilities&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;17,561,176&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock>
    <us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;p&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;strong&gt;Accounting Records and Use of Estimates: &lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;&#13;   &#13;   &#13;   &#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (&amp;#8220;GAAP&amp;#8221;). The preparation of the Company&amp;#8217;s financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. The estimates that we make include allowance for doubtful accounts, depreciation, income tax assets and liabilities, fair value of marketable securities and revenue recognition. Estimates are based on historical experience where applicable or other assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results may differ from those estimates under different assumptions or conditions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The interim financial statements are prepared pursuant to the requirements for reporting on Form 10-Q. The July 31, 2019 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. The interim financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company's latest Form 10-K Annual Report for the fiscal year ended July 31, 2019. In the opinion of management, the interim financial statements reflect all adjustments of a normal recurring nature necessary for a fair statement of the results for interim periods. The results of operations for the current period are not necessarily indicative of the results for the entire fiscal year ending July 31, 2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
    <us-gaap:Reclassifications contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Reclassification:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The condensed consolidated financial statements for prior years reflect certain reclassifications to conform with classifications adopted in the three months ended October 31, 2019. These reclassifications have no effect on net income or loss as previously reported.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:Reclassifications>
    <mays:OperatingLeaseRightOfUseAssetGross contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">27104937</mays:OperatingLeaseRightOfUseAssetGross>
    <mays:AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">-579094</mays:AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets>
    <us-gaap:LesseeOperatingLeaseTermOfContract contextRef="AsOf2019-10-31_srt_MinimumMember">P7Y</us-gaap:LesseeOperatingLeaseTermOfContract>
    <us-gaap:LesseeOperatingLeaseTermOfContract contextRef="AsOf2019-10-31_srt_MaximumMember">P54Y</us-gaap:LesseeOperatingLeaseTermOfContract>
    <us-gaap:DebtInstrumentFaceAmount contextRef="AsOf2015-01-09_custom_BondSt.BuildingBrooklynNYTwoMember" unitRef="USD" decimals="0">6000000</us-gaap:DebtInstrumentFaceAmount>
    <us-gaap:DebtInstrumentFaceAmount contextRef="AsOf2019-11-30_custom_BondSt.BuildingBrooklynNYTwoMember" unitRef="USD" decimals="0">5255920</us-gaap:DebtInstrumentFaceAmount>
    <mays:AdditionalMortgageLoansForCapitalImprovements contextRef="From2015-01-08to2015-01-09_custom_BondSt.BuildingBrooklynNYTwoMember" unitRef="USD" decimals="0">652274</mays:AdditionalMortgageLoansForCapitalImprovements>
    <mays:AdditionalMortgageLoansForCapitalImprovements contextRef="From2019-11-02to2019-11-30_custom_BondSt.BuildingBrooklynNYTwoMember" unitRef="USD" decimals="0">144080</mays:AdditionalMortgageLoansForCapitalImprovements>
    <us-gaap:DebtInstrumentCarryingAmount contextRef="AsOf2015-01-09_custom_BondSt.BuildingBrooklynNYTwoMember" unitRef="USD" decimals="0">5347726</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount contextRef="AsOf2019-11-30_custom_BondSt.BuildingBrooklynNYTwoMember" unitRef="USD" decimals="0">5400000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentTerm contextRef="From2015-01-08to2015-01-09_custom_BondSt.BuildingBrooklynNYTwoMember">P5Y</us-gaap:DebtInstrumentTerm>
    <us-gaap:DebtInstrumentTerm contextRef="From2019-11-02to2019-11-30_custom_BondSt.BuildingBrooklynNYTwoMember">P5Y</us-gaap:DebtInstrumentTerm>
    <us-gaap:DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1 contextRef="From2015-01-08to2015-01-09_custom_BondSt.BuildingBrooklynNYTwoMember">P25Y</us-gaap:DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1>
    <us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">4331420</us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount>
    <us-gaap:IncreaseDecreaseInOperatingLiabilities contextRef="From2019-08-01to2019-10-31" unitRef="USD" decimals="0">473105</us-gaap:IncreaseDecreaseInOperatingLiabilities>
    <us-gaap:InterestPaidNet contextRef="From2019-08-01to2019-10-31" unitRef="USD" decimals="0">22861</us-gaap:InterestPaidNet>
    <us-gaap:InterestPaidNet contextRef="From2018-08-01to2018-10-31" unitRef="USD" decimals="0">34272</us-gaap:InterestPaidNet>
    <us-gaap:IncomeTaxesPaidNet contextRef="From2019-08-01to2019-10-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:IncomeTaxesPaidNet contextRef="From2018-08-01to2018-10-31" unitRef="USD" xsi:nil="true" />
    <mays:OperatingLeaseLiabilityGross contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">17863507</mays:OperatingLeaseLiabilityGross>
    <us-gaap:LesseeLeasesPolicyTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Leases - Lessee&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;   &#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company determines if an arrangement is a lease at inception. With the adoption of ASC 842, operating leases are included in operating lease right-of-use assets, current portion of operating lease liabilities, and long-term operating lease liabilities on the Company&amp;#8217;s balance sheet.&lt;/font&gt;&lt;/p&gt;&#13;   &#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease right-of-use assets represent the Company&amp;#8217;s right to use an underlying asset for the lease term and lease liabilities represent the Company&amp;#8217;s obligation to make payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As the Company&amp;#8217;s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company&amp;#8217;s lease terms may include options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:LesseeLeasesPolicyTextBlock>
    <us-gaap:FairValueAssetsMeasuredOnRecurringBasisTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In accordance with the provisions of Fair Value Measurements, the following are the Company's financial assets measured on a recurring basis presented at fair value.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 1%; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 76%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="23" style="width: 23%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;b&gt;&lt;font style="font: x-small Times New Roman"&gt;Fair value measurements at reporting date&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31,&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;July 31,&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="border-bottom: Black 1pt solid; text-align: center"&gt;&lt;b&gt;&lt;font style="font: x-small Times New Roman"&gt;Description&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 1&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 2&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 3&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 1&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 2&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;b&gt;&lt;font style="font: x-small Times New Roman"&gt;Assets:&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Marketable securities&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,603,985&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,603,985&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,580,227&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,580,227&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsMeasuredOnRecurringBasisTextBlock>
    <us-gaap:MarketableSecuritiesTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;As of October 31, 2019 and July 31, 2019, the Company's marketable securities were classified as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;October 31, 2019&lt;/font&gt; &lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;July 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gross&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gross&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gross&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gross&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Fair&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Cost&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gains&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Losses&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Value&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Cost&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gains&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Losses&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="width: 1%; background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; width: 86%; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Noncurrent:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Mutual funds&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;846,775&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;272,803&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;1,119,578&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;845,306&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;264,425&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;1,109,731&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Equity securities&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;1,697,731&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;789,097&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2,421&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2,484,407&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;1,656,156&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;814,340&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2,470,496&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2,544,506&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;1,061,900&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2,421&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;3,603,985&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2,501,462&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;1,078,765&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;3,580,227&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:MarketableSecuritiesTextBlock>
    <us-gaap:InvestmentIncomeTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&lt;tr style="vertical-align: bottom; line-height: normal"&gt;&lt;td style="background-color: White"&gt;&lt;/td&gt;&#13;   &lt;td colspan="25" style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Investment income consists of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="5" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Three Months Ended&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="5" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2018&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gain on sale of marketable securities&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;46,981&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Interest income&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;10,278&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;13,561&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Dividend income&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;7,744&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;8,874&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;65,003&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;22,435&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InvestmentIncomeTextBlock>
    <us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;All buildings owned by the Company are held for leasing except for a small portion used for Company Offices.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;July 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;   &lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 93%; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Land&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,067,805&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,067,805&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings held for leasing:&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings and improvements&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;66,112,845&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;86,461,353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Improvements to leased property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; vertical-align: middle; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,478,012&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Construction in progress&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,252,057&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,325,940&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;69,364,902&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;90,265,305&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less accumulated depreciation&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;31,564,537&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;43,310,270&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 30pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings - net&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;37,800,365&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;46,955,035&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment and other:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;144,545&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;144,545&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Other fixed assets&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;162,010&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;164,066&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;306,555&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;308,611&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less accumulated depreciation&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;177,497&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;202,148&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment and other - net&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;129,058&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;106,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 45pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property and equipment - net&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;43,997,228&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;53,129,303&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentTextBlock>
    <mays:ScheduleOfLeasedPropertyConsistsTableTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td colspan="7" style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Leased property included in the Company's real estate rental operations consists of the following:&lt;/font&gt;&lt;/td&gt; &lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 94%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;Estimated Useful Life&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="3" style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease right-of-use-assets&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Lease Terms &amp;#8211; 7 to 54 years&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;27,104,937&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less: Accumulated Amortization&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;(&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;579,094&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease right-of-use-assets&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;26,525,843&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mays:ScheduleOfLeasedPropertyConsistsTableTextBlock>
    <us-gaap:ScheduleOfDebtInstrumentsTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="5" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="5" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;July 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Annual&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Final&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Due&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Due&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Due&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Due&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Interest&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Payment&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Within&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;After&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Within&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;After&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Rate&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Date&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;One Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;One Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;One Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;One Year&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Bond St. building, Brooklyn, NY&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;4.375&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;%&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;12/1/2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;777,736&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,478,184&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,298,610&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less: Deferred financing costs&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,730&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,448&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 100%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;777,736&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,471,454&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,287,162&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
    <us-gaap:ScheduleOfRestrictedCashAndCashEquivalentsTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 99%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The following is a reconciliation of the Company&amp;#8217;s cash and cash equivalents and restricted cash to the total presented on the consolidated statement of cash flows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &#13;&lt;br /&gt; &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt; &#13; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td colspan="5" style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,993,422&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,147,991&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Restricted cash, tenant security deposits&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;810,844&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,340,188&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Restricted cash, escrow&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;71,603&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;258,399&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Restricted cash, other&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;27,840&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;33,480&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,903,709&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,780,058&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfRestrictedCashAndCashEquivalentsTextBlock>
    <mays:OperatingLeaseExpenseInExcessOfCashPayments contextRef="From2019-08-01to2019-10-31" unitRef="USD" decimals="0">276762</mays:OperatingLeaseExpenseInExcessOfCashPayments>
    <mays:OperatingLeaseExpenseInExcessOfCashPayments contextRef="From2018-08-01to2018-10-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:IncomeTaxPolicyTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Taxes&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company has a federal net operating loss carryforward approximating $4,002,346 as of July 31, 2019 available to offset future taxable income. As of July 31, 2019, the Company had unused state and city net operating loss carryforwards of approximately $10,170,071 for state and $8,274,000 for city, available to offset future state and city taxable income. The net operating loss carryforwards will begin to expire, if not used, in 2035.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;New York State and New York City taxes are calculated using the higher of taxes based on income or the respective capital-based franchise taxes. Beginning with the Company&amp;#8217;s tax year ended July 31, 2016, changes in the law required the state capital-based tax will be phased out over a 7-year period. New York City taxes will be based on capital for the foreseeable future. Capital-based franchise taxes are recorded to administrative and general expense. State tax amounts in excess of the capital-based franchise taxes are recorded to income tax expense. Due to both the application of the capital-based tax and due to the possible absence of city taxable income, the Company does not record city deferred taxes.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:IncomeTaxPolicyTextBlock>
    <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Recently adopted accounting standards:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In January 2016, the FASB issued ASU No. 2016-01 "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments, including the requirement to measure certain equity investments at fair value with changes in fair value recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017. We adopted this standard effective August 1, 2018 and recorded a cumulative effect adjustment to increase opening retained earnings at August 1, 2018 by $487,136 as required for equity investments recorded at fair value, formerly available-for-sale securities.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In November 2016, the FASB issued ASU 2016-18, &amp;#8220;Restricted Cash&amp;#8221;. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning of period and end of period balances on the statement of cash flows upon adoption of this standard. ASU 2016-18 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. We adopted this standard effective August 1, 2018 with retrospective application to our consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In February 2016, the FASB issued ASU 2016-02, &amp;#8220;Leases.&amp;#8221; ASU 2016-02 is intended to increase transparency and comparability among organizations in accounting for leasing arrangements. This guidance establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In July 2018, the FASB issued ASU No. 2018-10, &amp;#8220;Codification Improvements to Topic 842&amp;#8221;, which provides amendments and clarification to ASU 2016-12 based on the FASB&amp;#8217;s interaction with stakeholders. In July 2018, the FASB issued ASU No. 2018-11 &amp;#8220;Leases (Topic 842): Targeted Improvements&amp;#8221;, which amends Leases (Topic 842) to (i) add an optional transition method that would permit entities to apply the new requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the year of adoption, and (ii) provide a practical expedient for lessors regarding the separation of the lease and non-lease components of a contract. In December 2018, the FASB issued ASU No. 2018-20, &amp;#8220;Leases (Topic 842) Narrow-Scope Improvement for Lessors,&amp;#8221; which clarifies how to apply the leases standard when accounting for sales taxes and other similar taxes collected from lessees, certain lessor costs, and recognition of variable payments for contracts with lease and non-lease components. In March 2019, the FASB issued ASU 2019-01, &amp;#8220;Leases (Topic 842) Codification Improvements&amp;#8221;, which provides amendments for issues brought to the Board&amp;#8217;s attention through its interactions with stakeholders. The issues identified are as follows. 1. Determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, 2. Presentation on the statement of cash flows-sales-type and direct financing leases, 3. Transition disclosures related to Topic 250, Accounting Changes and Error Corrections. These standards are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The new standards were adopted by the Company for the fiscal year beginning August 1, 2019. Upon adoption of Topic 842, the Company elected the following practical expedients:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 2%; white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;1&lt;/font&gt;.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 98%; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company applied the optional transition method of recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the initial period of adoption. Upon adoption on August 1, 2019, the Company did not have an adjustment to opening retained earnings. In transitioning to ASC 842, the Company elected to use the practical expedient package and did not elect to use hindsight.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 97%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;2.&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 97%; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;As lessee and lessor, the Company has elected not to reassess lease classifications and all leases will continue to be classified as operating leases under the new standard.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;As a result of the adoption of the new lease accounting guidance, the Company recognized on August 1, 2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"&gt;&lt;font style="font-size: 9.5pt; padding-right: 8pt"&gt;&amp;#9679;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease right-of-use assets of $27.1 million.&lt;/font&gt;&lt;/font&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&#13;&#13;   &lt;div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"&gt;&lt;font style="font-size: 9.5pt; padding-right: 8pt"&gt;&amp;#9679;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating leases liabilities of approximately $17.9 million, based on the net present value of remaining minimum rental payments, discounted using the Company&amp;#8217;s incremental borrowing rate of 3.88%.&lt;/font&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&#13;&#13;   &lt;div style="font-size: 10pt; text-align: left; padding-left: 15pt; text-indent: -14.5pt"&gt;&lt;font style="font-size: 9.5pt; padding-right: 8pt"&gt;&amp;#9679;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;The initial recording of operating lease right-of-use assets of $27.1 million includes adjustments of approximately $10.2 million primarily relating to building and improvements, net of accumulated depreciation, required pursuant to a ground lease with an affiliate, principally owned by a director of the Company (&amp;#8220;landlord&amp;#8221;). Upon lease termination in 2029, the building and all improvements are turned over to the landlord as property owner.&lt;/font&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&#13;&#13;   &lt;div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"&gt;&lt;font style="font-size: 9.5pt; padding-right: 8pt"&gt;&amp;#9679;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;The initial operating lease liability of $17.9 million includes an adjustment of remaining accrued rent of approximately $.95 million.&lt;/font&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&#13;&#13;   &lt;div style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company&amp;#8217;s lessor accounting remains similar under Topic 842 but updated to align with certain changes to the lessee model and the new revenue recognition standard (ASU 2014-09). Upon adoption of the lease standards on August 1, 2019, changes in accounting for the Company&amp;#8217;s lease revenue as lessor were not significant.&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
    <us-gaap:OtherAssetsDisclosureTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;5.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Property and Equipment:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;All buildings owned by the Company are held for leasing except for a small portion used for Company Offices.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;July 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;   &lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 93%; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Land&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,067,805&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,067,805&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings held for leasing:&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings and improvements&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;66,112,845&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;86,461,353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Improvements to leased property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; vertical-align: middle; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,478,012&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Construction in progress&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,252,057&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,325,940&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;69,364,902&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;90,265,305&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less accumulated depreciation&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;31,564,537&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;43,310,270&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 30pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings - net&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;37,800,365&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;46,955,035&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment and other:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;144,545&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;144,545&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Other fixed assets&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;162,010&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;164,066&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;306,555&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;308,611&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less accumulated depreciation&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;177,497&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;202,148&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment and other - net&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;129,058&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;106,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 45pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property and equipment - net&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;43,997,228&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;53,129,303&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Construction in progress includes:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;July 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Building improvements at 9 Bond Street in Brooklyn, NY&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;223,680&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;29,132&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Building improvements at 25 Elm Place in Brooklyn, NY&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;581,783&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;426,533&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Improvements to leased property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;131,119&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;303,975&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Building improvements at Fishkill, NY building&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,315,475&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,566,300&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,252,057&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,325,940&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="7" style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Leased property included in the Company's real estate rental operations consists of the following:&lt;/font&gt;&lt;/td&gt; &lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 94%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;Estimated Useful Life&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="3" style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease right-of-use-assets&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Lease Terms &amp;#8211; 7 to 54 years&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;27,104,937&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less: Accumulated Amortization&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;(&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;579,094&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease right-of-use-assets&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;26,525,843&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;                                              &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The initial recording of operating lease right-of-use assets on August 1, 2019 includes adjustments of $10,190,334, net of accumulated amortization, primarily relating to building and improvements included in a ground lease with an affiliate, principally owned by a director of the Company (&amp;#8220;landlord&amp;#8221;). The ground lease required the Company to construct a building during the lease period. Upon lease termination in 2029, the building and all improvements are turned over to the landlord as property owner.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Until this lease agreement with the landlord terminates in 2029, the Company remains solely responsible for the building, improvements and maintenance of the property included in this lease, and is solely entitled to tax depreciation and other tax deductions.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OtherAssetsDisclosureTextBlock>
    <us-gaap:LeasesOfLesseeDisclosureTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;7.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Operating Leases&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;   &#13;   &lt;p style="text-align: left; text-indent: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Lessor&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;   &#13;&lt;p style="text-align: left; margin-left: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company leases office and retail space to tenants under operating leases in commercial buildings. The rental terms range from approximately 5 to 49 years. The leases provide for the payment of fixed base rent payable monthly in advance as well as reimbursements of real estate taxes and common area costs. The Company has elected to account for lease revenues and the reimbursements of common area costs as a single component included as rental income in our condensed consolidated statements of operations and retained earnings.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left; text-indent: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;The following table disaggregates the Company's revenues by lease and non-lease components:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="5" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Three Months Ended&lt;/font&gt; &lt;font style="font: x-small Times New Roman"&gt;October&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="width: 1%; background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 93%"&gt;&lt;font style="font: x-small Times New Roman"&gt;Base rent - fixed&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,536,099&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,698,885&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Reimbursements of common area costs&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;149,660&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;164,588&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Non-lease components (real estate taxes)&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;350,156&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;297,699&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Rental income&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,035,915&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,161,172&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;p style="text-align: left; text-indent: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Future minimum non-cancelable rental income for leases with initial or remaining terms of one year or more &lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;is as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 91%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Under ASC 842&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="8" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;As of October 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Company&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Leased&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fiscal Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Owned Property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;For the remainder of 2020&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,529,034&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,590,212&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;12,119,246&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;9,521,380&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,009,044&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;14,530,424&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2022&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,878,165&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,039,069&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,917,234&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2023&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,399,288&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,270,666&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;10,669,954&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,483,940&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,987,050&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;9,470,990&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2025&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,727,830&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,409,346&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;10,137,176&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;After 2025&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;44,904,996&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;12,433,194&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;57,338,190&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;91,444,633&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;34,738,581&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;126,183,214&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 91%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Under ASC 840&lt;/font&gt; &lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="8" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;As of July 31, 2019&lt;/font&gt; &lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Company&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Leased&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fiscal Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Owned Property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2020&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;10,038,712&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,120,283&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;16,158,995&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;9,521,380&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,009,044&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;14,530,424&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2022&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,878,165&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,039,069&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,917,234&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2023&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,399,288&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,270,666&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;10,669,954&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,483,940&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,987,050&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;9,470,990&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;After 2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;52,632,826&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;14,842,540&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;67,475,366&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: justify; padding-left: 15pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;93,954,311&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;36,268,652&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: justify; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;130,222,963&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;br /&gt;&#13;&#13;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; border-collapse: collapse; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Lessee&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;   &lt;font style="font: x-small Times New Roman"&gt;The Company&amp;#8217;s real estate operations include leased properties under long-term, non-cancelable operating lease agreements. The leases expire at various dates through 2073, including options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. Certain leases provide for increases in future minimum annual rental payments as defined in the lease agreements.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease costs for leased real property was exceeded by sublease rental income from the Company&amp;#8217;s real estate operations as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;/table&gt;&lt;br /&gt;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 100%; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 1%; white-space: nowrap; text-align: center; vertical-align: middle"&gt;&lt;font style="font: x-small Times New Roman"&gt;Three Months Ended&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease cost&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;749,866&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Sublease income&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,755,252&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Excess of sublease income over lease cost&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,005,386&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&#13;&lt;p style="text-align: left; padding-left: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;The following is a maturity analysis of the annual undiscounted cash flows of the operating lease liabilities as of October 31, 2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="width: 1%; background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 95%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2020&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,896,768&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2021&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,976,288&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2022&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,058,457&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2023&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,072,707&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31, 2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,087,467&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Thereafter&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,800,909&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total undiscounted cash flows&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;21,892,596&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Less: present value discount&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;(4,331,420&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total Lease Liabilities&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;17,561,176&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="width: 1%; background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 95%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Other information:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating cash flows from operating leases&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;473,105&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Weighted-average remaining lease term &amp;#8211; operating leases&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;11.48 years&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Weighted-average discount rate &amp;#8211; operating leases&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;3.88%&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;/table&gt;&#13;&#13;&#13;&lt;p style="text-align: left; margin-left: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;The following tables represents future minimum lease payments under noncancelable operating leases at July 31, 2019 as presented in the Company&amp;#8217;s Annual Report on Form 10K:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 97%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fiscal Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Leases&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2020&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,897,318&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,941,494&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2022&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,057,814&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2023&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,072,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,086,697&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;After 2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,701,293&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total required*&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: justify; background-color: Silver; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center; background-color: Silver; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;21,756,616&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;&#13;   &lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-right: 8pt; vertical-align: top; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;*&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;Minimum payments have not been reduced by minimum sublease rentals of $36,268,652 under operating leases due in the future under non-cancelable leases.&lt;/font&gt;&lt;/td&gt;&#13;&#13;  &lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Rent payments related to an affiliate principally owned by a director of the Company totaled $246,812 for the three months ended October 31, 2019 and 2018. The rental payments are for two leases which expire May 31, 2029 and April 30, 2031, respectively.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:LeasesOfLesseeDisclosureTextBlock>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2019-08-01to2019-10-31_us-gaap_BuildingImprovementsMember_srt_MinimumMember">P18Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2019-08-01to2019-10-31_us-gaap_BuildingImprovementsMember_srt_MaximumMember">P40Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2019-08-01to2019-10-31_us-gaap_LeaseholdImprovementsMember_srt_MinimumMember">P3Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2019-08-01to2019-10-31_us-gaap_LeaseholdImprovementsMember_srt_MaximumMember">P10Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2019-08-01to2019-10-31_us-gaap_FurnitureAndFixturesMember_srt_MinimumMember">P7Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2019-08-01to2019-10-31_us-gaap_FurnitureAndFixturesMember_srt_MaximumMember">P12Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2019-08-01to2019-10-31_us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember_srt_MinimumMember">P3Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2019-08-01to2019-10-31_us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember_srt_MaximumMember">P5Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Amortization of improvements to leased property is calculated over the life of the lease. Lives used to determine depreciation and amortization are generally as follows:&lt;/font&gt;&lt;/p&gt;&#13;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;   &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="width: 96%; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings and improvements&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;18-40 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Improvements to leased property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3-10 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7-12 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3-5 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock>
    <mays:DeferredChargesAmortizationPeriod contextRef="From2019-08-01to2019-10-31_srt_MinimumMember">P1Y</mays:DeferredChargesAmortizationPeriod>
    <mays:DeferredChargesAmortizationPeriod contextRef="From2019-08-01to2019-10-31_srt_MaximumMember">P21Y</mays:DeferredChargesAmortizationPeriod>
    <us-gaap:ProvisionForLoanAndLeaseLosses contextRef="From2019-08-01to2019-10-31" unitRef="USD" decimals="0">40292</us-gaap:ProvisionForLoanAndLeaseLosses>
    <us-gaap:ProvisionForLoanAndLeaseLosses contextRef="From2018-08-01to2019-07-31" unitRef="USD" decimals="0">118238</us-gaap:ProvisionForLoanAndLeaseLosses>
    <us-gaap:LesseeOperatingLeaseRenewalTerm contextRef="AsOf2019-10-31_srt_MinimumMember">P5Y</us-gaap:LesseeOperatingLeaseRenewalTerm>
    <us-gaap:LesseeOperatingLeaseRenewalTerm contextRef="AsOf2019-10-31_srt_MaximumMember">P49Y</us-gaap:LesseeOperatingLeaseRenewalTerm>
    <us-gaap:OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">36268652</us-gaap:OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals>
    <us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;p style="text-align: left; margin-left: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;The following tables represents future minimum lease payments under noncancelable operating leases at July 31, 2019 as presented in the Company&amp;#8217;s Annual Report on Form 10K:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 97%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fiscal Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Leases&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2020&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,897,318&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;1,941,494&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2022&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,057,814&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2023&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,072,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,086,697&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;After 2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,701,293&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total required*&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: justify; background-color: Silver; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center; background-color: Silver; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;21,756,616&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;&#13;   &lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-right: 8pt; vertical-align: top; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;*&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;Minimum payments have not been reduced by minimum sublease rentals of $36,268,652 under operating leases due in the future under non-cancelable leases.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
    <us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;p&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;1.&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;p&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;strong&gt;Accounting Records and Use of Estimates: &lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;&#13;   &#13;   &#13;   &#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (&amp;#8220;GAAP&amp;#8221;). The preparation of the Company&amp;#8217;s financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. The estimates that we make include allowance for doubtful accounts, depreciation, income tax assets and liabilities, fair value of marketable securities and revenue recognition. Estimates are based on historical experience where applicable or other assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results may differ from those estimates under different assumptions or conditions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The interim financial statements are prepared pursuant to the requirements for reporting on Form 10-Q. The July 31, 2019 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. The interim financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company's latest Form 10-K Annual Report for the fiscal year ended July 31, 2019. In the opinion of management, the interim financial statements reflect all adjustments of a normal recurring nature necessary for a fair statement of the results for interim periods. The results of operations for the current period are not necessarily indicative of the results for the entire fiscal year ending July 31, 2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Property and Equipment&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property and equipment are stated at cost. Depreciation is calculated using the straight-line method and the declining-balance method. Amortization of improvements to leased property is calculated over the life of the lease. Lives used to determine depreciation and amortization are generally as follows:&lt;/font&gt;&lt;/p&gt;&#13;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;   &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="width: 96%; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings and improvements&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;18-40 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Improvements to leased property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3-10 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7-12 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3-5 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;                                                                                                                    &#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;   &#13;   &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Maintenance, repairs, renewals and improvements of a non-permanent nature are charged to expense when incurred. Expenditures for additions and major renewals or improvements are capitalized along with the associated interest cost during construction. The cost of assets sold or retired, and the accumulated depreciation or amortization thereon are eliminated from the respective accounts in the year of disposal, and the resulting gain or loss is credited or charged to income. Capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset&amp;#8217;s estimated useful life.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company reviews long-lived assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recovered. At July 31, 2019 and 2018, there were no impairments of its property and equipment.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Deferred Charges&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Deferred charges consist principally of costs incurred in connection with the leasing of property to tenants. Such costs are amortized over the related lease periods, ranging from 1 to 21 years, using the straight-line method. If a lease is terminated early, such costs are expensed.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Leases - Lessor Revenue&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property held for leasing in the Company&amp;#8217;s real estate&#13;rental operations is disclosed in Note 5. Rent is recognized from tenants under executed leases no later than on an&#13;established date or on an earlier date if the tenant should commence conducting business. Unbilled receivables represent the&#13;excess of scheduled rental income recognized on a straight-line basis over rental income as it becomes receivable according&#13;to the provisions of the lease. Contingent rental income is recorded when earned and is not based on tenant revenue. The&#13;effect of lease modifications that result in rent relief or other credits to tenants, including any retroactive effects&#13;relating to prior periods, is recognized in the period when the lease modification is signed. At the time of the lease&#13;modification, we assess the realizability of any accrued but unpaid rent and amounts that had been recognized as revenue in&#13;prior periods. lf the amounts are not determined to be realizable, the accrued but unpaid rent is&#13;written off. Accounts receivable are recognized in accordance with lease agreements at its net realizable value. Rental&#13;payments received in advance are deferred until earned.&lt;/font&gt;&lt;/p&gt;&#13;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Based upon its periodic assessment of the quality of the receivables, management uses its historical knowledge of the tenants and industry experience to determine whether a reserve or write-off is required. Management has determined that no allowance for uncollected receivables is considered necessary. The Company uses specific identification to write-off receivables to bad debt expense in the period when issues of collectability become known. Collectability issues include circumstances when a tenant indicates their intention to vacate the property without paying, or when tenant litigation or bankruptcy proceedings are not expected to result in full payment. Due to the surrender of a portion of a tenant&amp;#8217;s space, the Company reported a bad debt expense of $118,238 for the year ended July 31, 2019. Bad debt expense was $40,292 for the three months ended October 31, 2019 as a result of an early lease termination.&lt;/font&gt;&lt;/p&gt;&#13;   &#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Leases - Lessee&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;   &#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company determines if an arrangement is a lease at inception. With the adoption of ASC 842, operating leases are included in operating lease right-of-use assets, current portion of operating lease liabilities, and long-term operating lease liabilities on the Company&amp;#8217;s balance sheet.&lt;/font&gt;&lt;/p&gt;&#13;   &#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease right-of-use assets represent the Company&amp;#8217;s right to use an underlying asset for the lease term and lease liabilities represent the Company&amp;#8217;s obligation to make payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As the Company&amp;#8217;s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company&amp;#8217;s lease terms may include options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Taxes&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company has a federal net operating loss carryforward approximating $4,002,346 as of July 31, 2019 available to offset future taxable income. As of July 31, 2019, the Company had unused state and city net operating loss carryforwards of approximately $10,170,071 for state and $8,274,000 for city, available to offset future state and city taxable income. The net operating loss carryforwards will begin to expire, if not used, in 2035.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;New York State and New York City taxes are calculated using the higher of taxes based on income or the respective capital-based franchise taxes. Beginning with the Company&amp;#8217;s tax year ended July 31, 2016, changes in the law required the state capital-based tax will be phased out over a 7-year period. New York City taxes will be based on capital for the foreseeable future. Capital-based franchise taxes are recorded to administrative and general expense. State tax amounts in excess of the capital-based franchise taxes are recorded to income tax expense. Due to both the application of the capital-based tax and due to the possible absence of city taxable income, the Company does not record city deferred taxes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Reclassification:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The condensed consolidated financial statements for prior years reflect certain reclassifications to conform with classifications adopted in the three months ended October 31, 2019. These reclassifications have no effect on net income or loss as previously reported.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&#13;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Recently adopted accounting standards:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In January 2016, the FASB issued ASU No. 2016-01 "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments, including the requirement to measure certain equity investments at fair value with changes in fair value recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017. We adopted this standard effective August 1, 2018 and recorded a cumulative effect adjustment to increase opening retained earnings at August 1, 2018 by $487,136 as required for equity investments recorded at fair value, formerly available-for-sale securities.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In November 2016, the FASB issued ASU 2016-18, &amp;#8220;Restricted Cash&amp;#8221;. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning of period and end of period balances on the statement of cash flows upon adoption of this standard. ASU 2016-18 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. We adopted this standard effective August 1, 2018 with retrospective application to our consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In February 2016, the FASB issued ASU 2016-02, &amp;#8220;Leases.&amp;#8221; ASU 2016-02 is intended to increase transparency and comparability among organizations in accounting for leasing arrangements. This guidance establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&#13;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In July 2018, the FASB issued ASU No. 2018-10, &amp;#8220;Codification Improvements to Topic 842&amp;#8221;, which provides amendments and clarification to ASU 2016-12 based on the FASB&amp;#8217;s interaction with stakeholders. In July 2018, the FASB issued ASU No. 2018-11 &amp;#8220;Leases (Topic 842): Targeted Improvements&amp;#8221;, which amends Leases (Topic 842) to (i) add an optional transition method that would permit entities to apply the new requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the year of adoption, and (ii) provide a practical expedient for lessors regarding the separation of the lease and non-lease components of a contract. In December 2018, the FASB issued ASU No. 2018-20, &amp;#8220;Leases (Topic 842) Narrow-Scope Improvement for Lessors,&amp;#8221; which clarifies how to apply the leases standard when accounting for sales taxes and other similar taxes collected from lessees, certain lessor costs, and recognition of variable payments for contracts with lease and non-lease components. In March 2019, the FASB issued ASU 2019-01, &amp;#8220;Leases (Topic 842) Codification Improvements&amp;#8221;, which provides amendments for issues brought to the Board&amp;#8217;s attention through its interactions with stakeholders. The issues identified are as follows. 1. Determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, 2. Presentation on the statement of cash flows-sales-type and direct financing leases, 3. Transition disclosures related to Topic 250, Accounting Changes and Error Corrections. These standards are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The new standards were adopted by the Company for the fiscal year beginning August 1, 2019. Upon adoption of Topic 842, the Company elected the following practical expedients:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 2%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;1&lt;/font&gt;.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 97%; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company applied the optional transition method of recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the initial period of adoption. Upon adoption on August 1, 2019, the Company did not have an adjustment to opening retained earnings. In transitioning to ASC 842, the Company elected to use the practical expedient package and did not elect to use hindsight.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 2%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 97%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 2%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;2.&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 97%; text-align: left; vertical-align: top"&gt;&lt;font style="font: x-small Times New Roman"&gt;As lessee and lessor, the Company has elected not to reassess lease classifications and all leases will continue to be classified as operating leases under the new standard.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;As a result of the adoption of the new lease accounting guidance, the Company recognized on August 1, 2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;   &lt;div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"&gt;&lt;font style="font-size: 9.5pt; padding-right: 8pt"&gt;&amp;#9679;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating lease right-of-use assets of $27.1 million.&lt;/font&gt;&lt;/font&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&#13;&#13;   &lt;div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"&gt;&lt;font style="font-size: 9.5pt; padding-right: 8pt"&gt;&amp;#9679;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;Operating leases liabilities of approximately $17.9 million, based on the net present value of remaining minimum rental payments, discounted using the Company&amp;#8217;s incremental borrowing rate of 3.88%.&lt;/font&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&#13;&#13;   &lt;div style="font-size: 10pt; text-align: left; padding-left: 15pt; text-indent: -14.5pt"&gt;&lt;font style="font-size: 9.5pt; padding-right: 8pt"&gt;&amp;#9679;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;The initial recording of operating lease right-of-use assets of $27.1 million includes adjustments of approximately $10.2 million primarily relating to building and improvements, net of accumulated depreciation, required pursuant to a ground lease with an affiliate, principally owned by a director of the Company (&amp;#8220;landlord&amp;#8221;). Upon lease termination in 2029, the building and all improvements are turned over to the landlord as property owner.&lt;/font&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&#13;&#13;   &lt;div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"&gt;&lt;font style="font-size: 9.5pt; padding-right: 8pt"&gt;&amp;#9679;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;The initial operating lease liability of $17.9 million includes an adjustment of remaining accrued rent of approximately $.95 million.&lt;/font&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&#13;&#13;   &lt;div style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company&amp;#8217;s lessor accounting remains similar under Topic 842 but updated to align with certain changes to the lessee model and the new revenue recognition standard (ASU 2014-09). Upon adoption of the lease standards on August 1, 2019, changes in accounting for the Company&amp;#8217;s lease revenue as lessor were not significant.&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
    <us-gaap:EarningsPerShareTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;2.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;b&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;strong&gt;Income Per Share of Common Stock:&lt;/strong&gt;&lt;/font&gt; &#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Income per share has been computed by dividing the net income for the periods by the weighted average number of shares of common stock outstanding during the periods, adjusted for the purchase of treasury stock. Shares used in computing income per share were 2,015,780 for the three months ended October 31, 2019 and October 31, 2018.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
    <us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;3.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;strong&gt;Marketable Securities:&lt;/strong&gt;&lt;/font&gt; &#13;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company&amp;#8217;s marketable securities consist of investments in equity securities. Dividends and interest income are accrued as earned. Realized gains and losses are determined on a specific identification basis. The Company reviews marketable securities for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recovered. The changes in the fair value of these securities are recognized in current period earnings in accordance with ASC 825.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;br /&gt;&#13;&#13;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;      &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company follows GAAP which establishes a fair value hierarchy that prioritizes the valuation techniques and creates the following three broad levels, with Level 1 valuation being the highest priority: &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left; padding-left: 15pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left; padding-left: 15pt"&gt;&#13;&#13;   &lt;font style="font: x-small Times New Roman"&gt;Level 1 valuation inputs are quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date (e.g., equity securities traded on the New York Stock Exchange).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 2 valuation inputs are from other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly (e.g., quoted market prices of similar assets or liabilities in active markets, or quoted market prices for identical or similar assets or liabilities in markets that are not active).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 3 valuation inputs are unobservable (e.g., an entity&amp;#8217;s own data) and should be used to measure fair value to the extent that observable inputs are not available.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis. There have been no changes in the methodologies used at October 31, 2019 and July 31, 2019.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Equity securities are valued at the closing price reported on the active market on which the individual securities are traded that the Company has access to.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (&amp;#8220;NAV&amp;#8221;) and to transact at that price. The mutual funds held by the Company are deemed to be actively traded.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                &lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;In accordance with the provisions of Fair Value Measurements, the following are the Company's financial assets measured on a recurring basis presented at fair value.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 1%; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 76%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="23" style="width: 23%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Fair value measurements at reporting date&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31,&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;July 31,&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 1&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 2&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 3&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 1&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 2&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Assets:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: x-small Times New Roman"&gt;Marketable securities&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,603,985&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,603,985&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,580,227&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,580,227&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&#13;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;As of October 31, 2019 and July 31, 2019, the Company's marketable securities were classified as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;October 31, 2019&lt;/font&gt; &lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;July 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gross&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gross&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gross&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gross&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Fair&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Cost&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; 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  &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;3,580,227&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&#13;&#13;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom; line-height: normal"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td colspan="25" style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Investment income consists of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="5" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Three Months Ended&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="5" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;2018&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Gain on sale of marketable securities&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;46,981&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Interest income&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;10,278&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: xx-small Times New Roman"&gt;13,561&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Dividend income&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;7,744&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: xx-small Times New Roman"&gt;8,874&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: White"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: White"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt; white-space: nowrap"&gt;&lt;font style="font: xx-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;65,003&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: xx-small Times New Roman"&gt;22,435&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock>
    <us-gaap:FairValueDisclosuresTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;4.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Financial Instruments and Credit Risk Concentrations:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Financial instruments that are potentially subject to concentrations of credit risk consist principally of marketable securities, cash and cash equivalents and receivables. Marketable securities and cash and cash equivalents are placed with multiple financial institutions and multiple instruments to minimize risk. No assurance can be made that such financial institutions and instruments will minimize all such risk.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="vertical-align: top; width: 100%; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company derives rental income from approximately fifty tenants, of which one tenant accounted for 15.98%, another tenant accounted for 15.77% and a third tenant accounted for 12.25% of rental income during the three months ended October 31, 2019. The three months ended October 31, 2018 had one tenant account for 16.16%, another tenant account for 13.81% and a third tenant account for 11.95% of rental income. No other tenant accounted for more than 10% of rental income during the same periods.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
    <us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; width: 98%; text-align: left"&gt;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Property and Equipment&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property and equipment are stated at cost. Depreciation is calculated using the straight-line method and the declining-balance method. Amortization of improvements to leased property is calculated over the life of the lease. Lives used to determine depreciation and amortization are generally as follows:&lt;/font&gt;&lt;/p&gt;&#13;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;   &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="width: 98%; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Buildings and improvements&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;18-40 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Improvements to leased property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3-10 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fixtures and equipment&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7-12 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3-5 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;                                                                                                                    &#13;&lt;tr style="vertical-align: bottom"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;   &#13;   &#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="vertical-align: top; text-align: left"&gt;&#13;   &lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Maintenance, repairs, renewals and improvements of a non-permanent nature are charged to expense when incurred. Expenditures for additions and major renewals or improvements are capitalized along with the associated interest cost during construction. The cost of assets sold or retired, and the accumulated depreciation or amortization thereon are eliminated from the respective accounts in the year of disposal, and the resulting gain or loss is credited or charged to income. Capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset&amp;#8217;s estimated useful life.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;The Company reviews long-lived assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recovered. At July 31, 2019 and 2018, there were no impairments of its property and equipment.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
    <us-gaap:DeferredChargesPolicyTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; text-align: left"&gt;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Deferred Charges&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Deferred charges consist principally of costs incurred in connection with the leasing of property to tenants. Such costs are amortized over the related lease periods, ranging from 1 to 21 years, using the straight-line method. If a lease is terminated early, such costs are expensed.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DeferredChargesPolicyTextBlock>
    <us-gaap:PaymentsForRent contextRef="From2019-08-01to2019-10-31" unitRef="USD" decimals="0">246812</us-gaap:PaymentsForRent>
    <us-gaap:PaymentsForRent contextRef="From2018-08-01to2018-10-31" unitRef="USD" decimals="0">246812</us-gaap:PaymentsForRent>
    <us-gaap:LessorLeasesPolicyTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="vertical-align: top; text-align: left"&gt;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;b&gt;Leases - Lessor Revenue&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property held for leasing in the Company&amp;#8217;s real estate&#13;rental operations is disclosed in Note 5. Rent is recognized from tenants under executed leases no later than on an&#13;established date or on an earlier date if the tenant should commence conducting business. Unbilled receivables represent the&#13;excess of scheduled rental income recognized on a straight-line basis over rental income as it becomes receivable according&#13;to the provisions of the lease. Contingent rental income is recorded when earned and is not based on tenant revenue. The&#13;effect of lease modifications that result in rent relief or other credits to tenants, including any retroactive effects&#13;relating to prior periods, is recognized in the period when the lease modification is signed. At the time of the lease&#13;modification, we assess the realizability of any accrued but unpaid rent and amounts that had been recognized as revenue in&#13;prior periods. lf the amounts are not determined to be realizable, the accrued but unpaid rent is&#13;written off. Accounts receivable are recognized in accordance with lease agreements at its net realizable value. Rental&#13;payments received in advance are deferred until earned.&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Based upon its periodic assessment of the quality of the receivables, management uses its historical knowledge of the tenants and industry experience to determine whether a reserve or write-off is required. Management has determined that no allowance for uncollected receivables is considered necessary. The Company uses specific identification to write-off receivables to bad debt expense in the period when issues of collectability become known. Collectability issues include circumstances when a tenant indicates their intention to vacate the property without paying, or when tenant litigation or bankruptcy proceedings are not expected to result in full payment. Due to the surrender of a portion of a tenant&amp;#8217;s space, the Company reported a bad debt expense of $118,238 for the year ended July 31, 2019. Bad debt expense was $40,292 for the three months ended October 31, 2019 as a result of an early lease termination.&lt;/font&gt;&lt;/p&gt;&#13;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&lt;/div&gt;</us-gaap:LessorLeasesPolicyTextBlock>
    <mays:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodToRetainedEarningsNetOfTax contextRef="From2017-08-01to2018-07-31" unitRef="USD" decimals="0">-487136</mays:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodToRetainedEarningsNetOfTax>
    <us-gaap:OperatingLeaseLeaseIncomeTableTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;p style="text-align: left; text-indent: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;The following table disaggregates the Company's revenues by lease and non-lease components:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="5" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Three Months Ended&lt;/font&gt; &lt;font style="font: x-small Times New Roman"&gt;October&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="width: 1%; background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 93%"&gt;&lt;font style="font: x-small Times New Roman"&gt;Base rent - fixed&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,536,099&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; width: 1%"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,698,885&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Reimbursements of common area costs&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;149,660&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;164,588&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: Silver"&gt;&#13;&#13;    &lt;td style="background-color: White"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Non-lease components (real estate taxes)&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;350,156&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;297,699&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Rental income&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,035,915&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,161,172&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OperatingLeaseLeaseIncomeTableTextBlock>
    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;p style="text-align: left; text-indent: 30pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Future minimum non-cancelable rental income for leases with initial or remaining terms of one year or more &lt;/font&gt;&lt;font style="font: x-small Times New Roman"&gt;is as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 91%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Under ASC 842&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="8" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;As of October 31, 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Company&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Leased&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fiscal Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Owned Property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Property&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;For the remainder of 2020&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,529,034&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,590,212&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;12,119,246&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;9,521,380&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,009,044&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;14,530,424&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2022&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,878,165&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,039,069&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,917,234&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2023&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,399,288&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,270,666&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;10,669,954&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,483,940&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,987,050&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;9,470,990&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2025&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,727,830&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;2,409,346&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;10,137,176&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;After 2025&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;44,904,996&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;12,433,194&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;57,338,190&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;91,444,633&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;34,738,581&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;126,183,214&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&#13;&#13;&lt;br /&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt;&#13;&#13;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="width: 91%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"&gt;&lt;font style="font: x-small Times New Roman"&gt;Under ASC 840&lt;/font&gt; &lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="8" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;As of July 31, 2019&lt;/font&gt; &lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Company&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Leased&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: center"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Fiscal Year&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt;&#13;&#13; 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  &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;6,120,283&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;16,158,995&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;9,521,380&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;5,009,044&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;14,530,424&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2022&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,878,165&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;4,039,069&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;11,917,234&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;2023&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;7,399,288&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;3,270,666&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;10,669,954&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13; 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background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;9,470,990&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;After 2024&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;52,632,826&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;14,842,540&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;67,475,366&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: justify; padding-left: 15pt; background-color: Silver"&gt;&lt;font style="font: x-small Times New Roman"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left; background-color: Silver"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="border-bottom: Black 2pt double; 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    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedTwoYears contextRef="AsOf2019-07-31" unitRef="USD" decimals="0">14530424</us-gaap:LessorOperatingLeasePaymentsToBeReceivedTwoYears>
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    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedTwoYears contextRef="AsOf2019-10-31_custom_LeasedPropertyMember" unitRef="USD" decimals="0">5009044</us-gaap:LessorOperatingLeasePaymentsToBeReceivedTwoYears>
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    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">12119246</us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths>
    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths contextRef="AsOf2019-07-31" unitRef="USD" decimals="0">16158995</us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths>
    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths contextRef="AsOf2019-10-31_custom_CompanyOwnedPropertyMember" unitRef="USD" decimals="0">7529034</us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths>
    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths contextRef="AsOf2019-07-31_custom_CompanyOwnedPropertyMember" unitRef="USD" decimals="0">10038712</us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths>
    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths contextRef="AsOf2019-10-31_custom_LeasedPropertyMember" unitRef="USD" decimals="0">4590212</us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths>
    <us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths contextRef="AsOf2019-07-31_custom_LeasedPropertyMember" unitRef="USD" decimals="0">6120283</us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths>
    <dei:EntityIncorporationStateCountryCode contextRef="From2019-08-01to2019-10-31">NY</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="From2019-08-01to2019-10-31">11-1059070</dei:EntityFileNumber>
    <dei:EntityInteractiveDataCurrent contextRef="From2019-08-01to2019-10-31">Yes</dei:EntityInteractiveDataCurrent>
    <mays:OperatingLeaseReimbursementsOfCommonAreaCosts contextRef="From2019-08-01to2019-10-31" unitRef="USD" decimals="0">149660</mays:OperatingLeaseReimbursementsOfCommonAreaCosts>
    <mays:OperatingLeaseReimbursementsOfCommonAreaCosts contextRef="From2018-08-01to2018-10-31" unitRef="USD" decimals="0">164588</mays:OperatingLeaseReimbursementsOfCommonAreaCosts>
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    <us-gaap:OperatingLeaseVariableLeaseIncome contextRef="From2018-08-01to2018-10-31" unitRef="USD" decimals="0">297699</us-gaap:OperatingLeaseVariableLeaseIncome>
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    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">1976288</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">2058457</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree>
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    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">2087467</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive contextRef="AsOf2019-10-31" unitRef="USD" decimals="0">11800909</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive>
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    <us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"&gt; &#13; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Supplemental disclosure:&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td colspan="5" style="width: 5%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;Three Months Ended&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td colspan="5" style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2019&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: center"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Cash Flow Information&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; text-align: left; padding-left: 30pt; text-indent: -15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Interest paid, net of capitalized interest of $26,456 (2019) and $15,067 (2018)&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;22,861&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;34,272&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Income taxes paid&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;Non-cash information&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Initial recognition of operating lease right-of-use assets&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;27,104,937&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt; &#13;&lt;tr style="vertical-align: bottom"&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Initial recognition of operating lease liabilities&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;$&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;17,863,507&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: right"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt; &#13;   &lt;td style="width: 1%; white-space: nowrap; text-align: left"&gt;&lt;/td&gt; &#13;   &lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock>
    <mays:ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock contextRef="From2019-08-01to2019-10-31">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&lt;font style="font: x-small Times New Roman"&gt;Construction in progress includes:&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;font style="font: x-small Times New Roman"&gt;&lt;/font&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="text-align: left; padding-left: 15pt"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td style="white-space: nowrap; text-align: left"&gt;&lt;/td&gt;&#13;&#13;   &lt;td colspan="2" style="white-space: nowrap; text-align: center"&gt;&lt;font style="font: x-small Times New Roman"&gt;October 31&lt;/font&gt;&lt;/td&gt;&#13;&#13; 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      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-01" xml:lang="en-US">Minimum payments have not been reduced by minimum sublease rentals of $36,268,652 under operating leases due in the future under non-cancelable leases.</link:footnote>
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
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<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xml:lang="en-US">Concentration Risk Benchmark [Axis]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNetMember" xlink:to="us-gaap_SalesRevenueNetMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SalesRevenueNetMember_lbl" xml:lang="en-US">Sales Revenue, Net [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MajorCustomersAxis" xlink:to="srt_MajorCustomersAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MajorCustomersAxis_lbl" xml:lang="en-US">Customer [Axis]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CustomerOneMember" xlink:to="mays_CustomerOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_CustomerOneMember_lbl" xml:lang="en-US">Customer One [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CustomerTwoMember" xlink:to="mays_CustomerTwoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_CustomerTwoMember_lbl" xml:lang="en-US">Customer Two [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_CustomerThreeMember" xlink:label="mays_CustomerThreeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CustomerThreeMember" xlink:to="mays_CustomerThreeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mays_CustomerThreeMember_lbl" xml:lang="en-US">Customer Two [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xml:lang="en-US">Property, Plant and Equipment, Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LandAndBuildingMember" xlink:label="us-gaap_LandAndBuildingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandAndBuildingMember" xlink:to="us-gaap_LandAndBuildingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LandAndBuildingMember_lbl" xml:lang="en-US">Property [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BuildingAndBuildingImprovementsMember" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingAndBuildingImprovementsMember" xlink:to="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xml:lang="en-US">Buildings and Improvemebts [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseholdImprovementsMember" xlink:label="us-gaap_LeaseholdImprovementsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseholdImprovementsMember" xlink:to="us-gaap_LeaseholdImprovementsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseholdImprovementsMember_lbl" xml:lang="en-US">Improvements to Leased Property [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LandMember" xlink:label="us-gaap_LandMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandMember" xlink:to="us-gaap_LandMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LandMember_lbl" xml:lang="en-US">Land [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConstructionInProgressMember" xlink:label="us-gaap_ConstructionInProgressMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionInProgressMember" xlink:to="us-gaap_ConstructionInProgressMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConstructionInProgressMember_lbl" xml:lang="en-US">Construction in Progress [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherTypesMember" xlink:label="us-gaap_PropertyPlantAndEquipmentOtherTypesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentOtherTypesMember" xlink:to="us-gaap_PropertyPlantAndEquipmentOtherTypesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentOtherTypesMember_lbl" xml:lang="en-US">Fixtures and equipment and other [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FurnitureAndFixturesMember" xlink:label="us-gaap_FurnitureAndFixturesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FurnitureAndFixturesMember" xlink:to="us-gaap_FurnitureAndFixturesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FurnitureAndFixturesMember_lbl" xml:lang="en-US">Fixtures and Equipment [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherMachineryAndEquipmentMember" xlink:label="us-gaap_OtherMachineryAndEquipmentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherMachineryAndEquipmentMember" xlink:to="us-gaap_OtherMachineryAndEquipmentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherMachineryAndEquipmentMember_lbl" xml:lang="en-US">Other Fixed Assets [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember" xlink:label="mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember" xlink:to="mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember_lbl" xml:lang="en-US">Building Improvements at 9 Bond Street in Brooklyn, NY [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember" xlink:label="mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember" xlink:to="mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember_lbl" xml:lang="en-US">Building improvements at 25 Elm Place in Brooklyn, NY [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BuildingImprovementsAtJamaicaBuildingMember" xlink:label="mays_BuildingImprovementsAtJamaicaBuildingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtJamaicaBuildingMember" xlink:to="mays_BuildingImprovementsAtJamaicaBuildingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_BuildingImprovementsAtJamaicaBuildingMember_lbl" xml:lang="en-US">Improvements to leased property [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BuildingImprovementsAtFishkillBuildingMember" xlink:label="mays_BuildingImprovementsAtFishkillBuildingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtFishkillBuildingMember" xlink:to="mays_BuildingImprovementsAtFishkillBuildingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_BuildingImprovementsAtFishkillBuildingMember_lbl" xml:lang="en-US">Building improvements at Fishkill, NY building [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="us-gaap_EquitySecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesMember" xlink:to="us-gaap_EquitySecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xml:lang="en-US">Equity Securities [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LitigationStatusAxis" xlink:label="us-gaap_LitigationStatusAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationStatusAxis" xlink:to="us-gaap_LitigationStatusAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LitigationStatusAxis_lbl" xml:lang="en-US">Litigation Status [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SettledLitigationMember" xlink:label="us-gaap_SettledLitigationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SettledLitigationMember" xlink:to="us-gaap_SettledLitigationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SettledLitigationMember_lbl" xml:lang="en-US">Settled Litigation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xml:lang="en-US">Equity Components [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US">Additional Paid In Capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US">Retained Earnings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="us-gaap_TreasuryStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockMember" xlink:to="us-gaap_TreasuryStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockMember_lbl" xml:lang="en-US">Common Stock Held in Treasury</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_UnrealizedGainOnMarketableSecuritiesMember" xlink:label="mays_UnrealizedGainOnMarketableSecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_UnrealizedGainOnMarketableSecuritiesMember" xlink:to="mays_UnrealizedGainOnMarketableSecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_UnrealizedGainOnMarketableSecuritiesMember_lbl" xml:lang="en-US">Unrealized Gain on Marketable securities [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxAuthorityAxis" xlink:label="us-gaap_IncomeTaxAuthorityAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityAxis" xlink:to="us-gaap_IncomeTaxAuthorityAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxAuthorityAxis_lbl" xml:lang="en-US">Income Tax Authority [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DomesticCountryMember" xlink:label="us-gaap_DomesticCountryMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DomesticCountryMember" xlink:to="us-gaap_DomesticCountryMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DomesticCountryMember_lbl" xml:lang="en-US">Domestic Tax Authority [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StateAndLocalJurisdictionMember" xlink:label="us-gaap_StateAndLocalJurisdictionMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StateAndLocalJurisdictionMember" xlink:to="us-gaap_StateAndLocalJurisdictionMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StateAndLocalJurisdictionMember_lbl" xml:lang="en-US">State and Local Jurisdiction [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_CityJurisdictionMember" xlink:label="mays_CityJurisdictionMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CityJurisdictionMember" xlink:to="mays_CityJurisdictionMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mays_CityJurisdictionMember_lbl" xml:lang="en-US">State and Local Jurisdiction [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="srt_RangeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RangeAxis_lbl" xml:lang="en-US">Range [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:label="srt_MinimumMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MinimumMember_lbl" xml:lang="en-US">Minimum [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="srt_MaximumMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MaximumMember" xlink:to="srt_MaximumMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MaximumMember_lbl" xml:lang="en-US">Maximum [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BuildingImprovementsMember" xlink:label="us-gaap_BuildingImprovementsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingImprovementsMember" xlink:to="us-gaap_BuildingImprovementsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BuildingImprovementsMember_lbl" xml:lang="en-US">Buildings and improvements [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LeaseholdImprovementsMember_2_lbl" xml:lang="en-US">Improvements to leased property [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FurnitureAndFixturesMember_2_lbl" xml:lang="en-US">Fixtures and equipment [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember" xlink:to="us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember_lbl" xml:lang="en-US">Other [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_CompanyOwnedPropertyMember" xlink:label="mays_CompanyOwnedPropertyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CompanyOwnedPropertyMember" xlink:to="mays_CompanyOwnedPropertyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_CompanyOwnedPropertyMember_lbl" xml:lang="en-US">Company Owned Property [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_LeasedPropertyMember" xlink:label="mays_LeasedPropertyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_LeasedPropertyMember" xlink:to="mays_LeasedPropertyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_LeasedPropertyMember_lbl" xml:lang="en-US">Leased Property [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_DocumentAndEntityInformationAbstract" xlink:label="mays_DocumentAndEntityInformationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DocumentAndEntityInformationAbstract" xlink:to="mays_DocumentAndEntityInformationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US">Document And Entity Information [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation State Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US">ASSETS</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property and Equipment - Net (Notes 5 and 6)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="us-gaap_AssetsCurrentAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="us-gaap_AssetsCurrentAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrentAbstract_lbl" xml:lang="en-US">Current Assets:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and cash equivalents (Notes 4 and 10)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReceivablesNetCurrent" xlink:label="us-gaap_ReceivablesNetCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesNetCurrent" xlink:to="us-gaap_ReceivablesNetCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesNetCurrent_lbl" xml:lang="en-US">Receivables (Note 4)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesReceivable" xlink:label="us-gaap_IncomeTaxesReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesReceivable" xlink:to="us-gaap_IncomeTaxesReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxesReceivable_lbl" xml:lang="en-US">Income taxes refundable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCashCurrent" xlink:label="us-gaap_RestrictedCashCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashCurrent" xlink:to="us-gaap_RestrictedCashCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RestrictedCashCurrent_lbl" xml:lang="en-US">Restricted cash</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="us-gaap_PrepaidExpenseCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseCurrent" xlink:to="us-gaap_PrepaidExpenseCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpenseCurrent_lbl" xml:lang="en-US">Prepaid expenses</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US">Total current assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsAbstract" xlink:label="us-gaap_OtherAssetsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_OtherAssetsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsAbstract_lbl" xml:lang="en-US">Other Assets:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsLeasingGross" xlink:label="us-gaap_DeferredCostsLeasingGross" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsLeasingAccumulatedAmortization" xlink:to="us-gaap_DeferredCostsLeasingAccumulatedAmortization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredCostsLeasingAccumulatedAmortization_lbl" xml:lang="en-US">Less: accumulated amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCosts" xlink:label="us-gaap_DeferredCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCosts" xlink:to="us-gaap_DeferredCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredCosts_lbl" xml:lang="en-US">Net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xml:lang="en-US">Operating lease right-of-use assets (Notes 1, 5, 7 and 10)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCash" xlink:label="us-gaap_RestrictedCash" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCash" xlink:to="us-gaap_RestrictedCash_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RestrictedCash_lbl" xml:lang="en-US">Restricted cash</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear" xlink:label="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear" xlink:to="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear_lbl" xml:lang="en-US">Unbilled receivables (Notes 4 and 8)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MarketableSecuritiesNoncurrent" xlink:label="us-gaap_MarketableSecuritiesNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesNoncurrent" xlink:to="us-gaap_MarketableSecuritiesNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesNoncurrent_lbl" xml:lang="en-US">Marketable securities (Notes 3 and 4)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment" xlink:label="us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment" xlink:to="us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment_lbl" xml:lang="en-US">Total other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">TOTAL ASSETS</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">LIABILITIES AND SHAREHOLDERS' EQUITY</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesNoncurrentAbstract" xlink:label="us-gaap_LiabilitiesNoncurrentAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrentAbstract" xlink:to="us-gaap_LiabilitiesNoncurrentAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilitiesNoncurrentAbstract_lbl" xml:lang="en-US">Long-Term Liabilities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermNotesAndLoans" xlink:label="us-gaap_LongTermNotesAndLoans" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesAndLoans" xlink:to="us-gaap_LongTermNotesAndLoans_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermNotesAndLoans_lbl" xml:lang="en-US">Mortgage payable (Note 6)</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_SecurityDepositsPayableNonCurrent" xlink:label="mays_SecurityDepositsPayableNonCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_SecurityDepositsPayableNonCurrent" xlink:to="mays_SecurityDepositsPayableNonCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mays_SecurityDepositsPayableNonCurrent_lbl" xml:lang="en-US">Security deposits payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent_lbl" xml:lang="en-US">Payroll and other accrued liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:to="us-gaap_OperatingLeaseLiabilityNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent_lbl" xml:lang="en-US">Operating lease liabilities (Notes 1, 7 and 10)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:to="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US">Deferred income taxes (Note 1)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="us-gaap_LiabilitiesNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrent" xlink:to="us-gaap_LiabilitiesNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesNoncurrent_lbl" xml:lang="en-US">Total long-term liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="us-gaap_LiabilitiesCurrentAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrentAbstract_lbl" xml:lang="en-US">Current Liabilities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US">Accounts payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="us-gaap_AccruedLiabilitiesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrent" xlink:to="us-gaap_AccruedLiabilitiesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Payroll and other accrued liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:to="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent_lbl" xml:lang="en-US">Other taxes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiabilityCurrent" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilityCurrent" xlink:to="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xml:lang="en-US">Operating lease liabilities (Notes 1, 7 and 10)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Current portion of mortgage payable (Note 6)</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_SecurityDepositsPayableCurrent" xlink:label="mays_SecurityDepositsPayableCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_SecurityDepositsPayableCurrent" xlink:to="mays_SecurityDepositsPayableCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_SecurityDepositsPayableCurrent_lbl" xml:lang="en-US">Current portion of security deposits payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US">Total current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US">TOTAL LIABILITIES</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US">Shareholders' Equity:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xml:lang="en-US">Additional paid in capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained earnings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityBeforeTreasuryStock" xlink:label="us-gaap_StockholdersEquityBeforeTreasuryStock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityBeforeTreasuryStock" xlink:to="us-gaap_StockholdersEquityBeforeTreasuryStock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquityBeforeTreasuryStock_lbl" xml:lang="en-US">Stockholders' Equity before Treasury Stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="us-gaap_TreasuryStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValue" xlink:to="us-gaap_TreasuryStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockValue_lbl" xml:lang="en-US">Less common stock held in treasury, at cost - 162,517 shares at October 31, 2019 and at July 31, 2019 (Note 11)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Total shareholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US">Contingencies (Note 12)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US">TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Common stock, par value</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US">Common stock, shares authorized</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common stock, shares issued</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AociTaxAttributableToParent" xlink:label="us-gaap_AociTaxAttributableToParent" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AociTaxAttributableToParent_lbl" xml:lang="en-US">Unrealized gain (loss) on available-for-sale securities, deferred taxes (benefit)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="us-gaap_TreasuryStockShares" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockShares_lbl" xml:lang="en-US">Treasury stock, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US">Income Statement [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US">Revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_OperatingLeasesIncomeStatementLeaseRevenues" xlink:label="mays_OperatingLeasesIncomeStatementLeaseRevenues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeasesIncomeStatementLeaseRevenues" xlink:to="mays_OperatingLeasesIncomeStatementLeaseRevenues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_OperatingLeasesIncomeStatementLeaseRevenues_lbl" xml:lang="en-US">Rental income (Notes 1, 4 and 8)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Revenues" xlink:label="us-gaap_Revenues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Revenues_lbl" xml:lang="en-US">Total revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="us-gaap_OperatingExpensesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xml:lang="en-US">Expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostOfGoodsAndServicesSold" xlink:label="us-gaap_CostOfGoodsAndServicesSold" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfGoodsAndServicesSold" xlink:to="us-gaap_CostOfGoodsAndServicesSold_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostOfGoodsAndServicesSold_lbl" xml:lang="en-US">Real estate operating expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Administrative and general expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US">Depreciation (Note 5)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US">Total expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US">Income (loss) from operations before investment income, interest expense and income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract" xlink:to="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US">Investment income and interest expense:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentIncomeNet" xlink:label="us-gaap_InvestmentIncomeNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeNet" xlink:to="us-gaap_InvestmentIncomeNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xml:lang="en-US">Investment income (Note 3)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MarketableSecuritiesUnrealizedGainLoss" xlink:label="us-gaap_MarketableSecuritiesUnrealizedGainLoss" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesUnrealizedGainLoss_lbl" xml:lang="en-US">Change in fair value of marketable securities (Notes 1 and 3)</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US">Interest expense (Notes 6 and 10)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US">Total investment income and interest expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xml:lang="en-US">Income (loss) from operations before income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Income taxes provided</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net income (loss)</link:label>
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      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings" xlink:label="mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings_lbl" xml:lang="en-US">Reclassification of unrealized gain on investments to retained earnings (Note 1)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_3_lbl" xml:lang="en-US">Retained earnings, end of period</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US">Income (loss) per common share (Note 2)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid_lbl" xml:lang="en-US">Dividends per share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US">Average common shares outstanding</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_2_lbl" xml:lang="en-US">Balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Balance, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnrealizedGainOnSecurities" xlink:label="us-gaap_UnrealizedGainOnSecurities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrealizedGainOnSecurities" xlink:to="us-gaap_UnrealizedGainOnSecurities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrealizedGainOnSecurities_lbl" xml:lang="en-US">Increase in unrealized gains on marketable securities</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings" xlink:label="mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings" xlink:to="mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings_lbl" xml:lang="en-US">Reclassification of unrealized gains on marketable securities to retained earnings (Note 1)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_2_lbl" xml:lang="en-US">Net income (loss)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_3_lbl" xml:lang="en-US">Balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_2_lbl" xml:lang="en-US">Balance, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash Flows From Operating Activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to reconcile net income (loss) to net cash provided by operating activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherDepreciationAndAmortization" xlink:label="us-gaap_OtherDepreciationAndAmortization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherDepreciationAndAmortization" xlink:to="us-gaap_OtherDepreciationAndAmortization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherDepreciationAndAmortization_lbl" xml:lang="en-US">Depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfDeferredCharges" xlink:label="us-gaap_AmortizationOfDeferredCharges" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDeferredCharges" xlink:to="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfDeferredCharges_lbl" xml:lang="en-US">Amortization of deferred charges</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_OperatingLeaseExpenseInExcessOfCashPayments" xlink:label="mays_OperatingLeaseExpenseInExcessOfCashPayments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseExpenseInExcessOfCashPayments" xlink:to="mays_OperatingLeaseExpenseInExcessOfCashPayments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_OperatingLeaseExpenseInExcessOfCashPayments_lbl" xml:lang="en-US">Operating lease expense in excess of cash payments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xml:lang="en-US">Deferred finance costs included in interest expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnInvestments" xlink:label="us-gaap_GainLossOnInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnInvestments" xlink:to="us-gaap_GainLossOnInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainLossOnInvestments_lbl" xml:lang="en-US">Net realized and unrealized (gain) loss on sale of marketable securities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInUnbilledReceivables" xlink:label="us-gaap_IncreaseDecreaseInUnbilledReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInUnbilledReceivables" xlink:to="us-gaap_IncreaseDecreaseInUnbilledReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInUnbilledReceivables_lbl" xml:lang="en-US">Other assets - unbilled receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_OtherAssetsDeferredCharges" xlink:label="mays_OtherAssetsDeferredCharges" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OtherAssetsDeferredCharges" xlink:to="mays_OtherAssetsDeferredCharges_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mays_OtherAssetsDeferredCharges_lbl" xml:lang="en-US">Other assets - deferred charges</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl" xml:lang="en-US">Deferred income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US">Changes in:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInReceivables" xlink:label="us-gaap_IncreaseDecreaseInReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInReceivables" xlink:to="us-gaap_IncreaseDecreaseInReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInReceivables_lbl" xml:lang="en-US">Receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:label="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:to="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_lbl" xml:lang="en-US">Income taxes refundable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:to="us-gaap_IncreaseDecreaseInPrepaidExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense_lbl" xml:lang="en-US">Prepaid expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayable" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xml:lang="en-US">Accounts payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xml:lang="en-US">Payroll and other accrued liabilities (Notes 1 and 10)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable" xlink:label="us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable" xlink:to="us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable_lbl" xml:lang="en-US">Other taxes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Cash provided by operating activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash Flows From Investing Activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US">Acquisition of property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:label="us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:to="us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_lbl" xml:lang="en-US">Marketable securities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:to="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_lbl" xml:lang="en-US">Receipts from sales</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireMarketableSecurities" xlink:to="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xml:lang="en-US">Payments for purchases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US">Cash (used) by investing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash Flows From Financing Activities:</link:label>
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="us-gaap_FairValueDisclosuresTextBlock" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsDisclosureTextBlock" xlink:to="us-gaap_OtherAssetsDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssetsDisclosureTextBlock_lbl" xml:lang="en-US">Property and Equipment</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageNotesPayableDisclosureTextBlock" xlink:label="us-gaap_MortgageNotesPayableDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageNotesPayableDisclosureTextBlock" xlink:to="us-gaap_MortgageNotesPayableDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageNotesPayableDisclosureTextBlock_lbl" xml:lang="en-US">Long-Term Debt - Mortgage</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeasesAbstract_lbl" xml:lang="en-US">Leases [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeasesOfLesseeDisclosureTextBlock" xlink:label="us-gaap_LeasesOfLesseeDisclosureTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_UnbilledReceivablesAndRentalIncomeAbstract_lbl" xml:lang="en-US">Unbilled Receivables And Rental Income</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xml:lang="en-US">Accounting Records and Use of Estimates</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xml:lang="en-US">Property and Equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredChargesPolicyTextBlock" xlink:label="us-gaap_DeferredChargesPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredChargesPolicyTextBlock" xlink:to="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredChargesPolicyTextBlock_lbl" xml:lang="en-US">Deferred Charges</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorLeasesPolicyTextBlock" xlink:label="us-gaap_LessorLeasesPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorLeasesPolicyTextBlock" xlink:to="us-gaap_LessorLeasesPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorLeasesPolicyTextBlock_lbl" xml:lang="en-US">Leases - Lessor Revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeLeasesPolicyTextBlock" xlink:label="us-gaap_LesseeLeasesPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeLeasesPolicyTextBlock" xlink:to="us-gaap_LesseeLeasesPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeLeasesPolicyTextBlock_lbl" xml:lang="en-US">Leases - Lessee</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US">Taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Reclassifications" xlink:label="us-gaap_Reclassifications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Reclassifications" xlink:to="us-gaap_Reclassifications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Reclassifications_lbl" xml:lang="en-US">Reclassification</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xml:lang="en-US">Recently adopted accounting standards</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_lbl" xml:lang="en-US">Schedule of property and equipment depreciation and amortization period</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock_lbl" xml:lang="en-US">Schedule of financial assets measured at fair value on recurring basis</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MarketableSecuritiesTextBlock" xlink:label="us-gaap_MarketableSecuritiesTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesTextBlock" xlink:to="us-gaap_MarketableSecuritiesTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesTextBlock_lbl" xml:lang="en-US">Schedule of classified marketable securities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock" xlink:label="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock" xlink:to="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock_lbl" xml:lang="en-US">Schedule of debt and equity securities in a continuous unrealized loss position</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentIncomeTextBlock" xlink:label="us-gaap_InvestmentIncomeTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeTextBlock" xlink:to="us-gaap_InvestmentIncomeTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeTextBlock_lbl" xml:lang="en-US">Schedule of investment income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xml:lang="en-US">Schedule of property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock" xlink:label="mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock" xlink:to="mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock_lbl" xml:lang="en-US">Schedule of property and equipment construction in progress</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ScheduleOfLeasedPropertyConsistsTableTextBlock" xlink:label="mays_ScheduleOfLeasedPropertyConsistsTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ScheduleOfLeasedPropertyConsistsTableTextBlock" xlink:to="mays_ScheduleOfLeasedPropertyConsistsTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_ScheduleOfLeasedPropertyConsistsTableTextBlock_lbl" xml:lang="en-US">Schedule of Leased Property real estate Rental Operations Consists</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:to="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xml:lang="en-US">Schedule of long-term debt</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLeaseIncomeTableTextBlock" xlink:label="us-gaap_OperatingLeaseLeaseIncomeTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLeaseIncomeTableTextBlock" xlink:to="us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_lbl" xml:lang="en-US">Schedule of Revenues by Lease and non-lease components</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock" xlink:to="us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_lbl" xml:lang="en-US">Schedule of Future Minimum Non-Cancelable Rental Income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:label="us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:to="us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock_lbl" xml:lang="en-US">Schedule of rental expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_lbl" xml:lang="en-US">Schedule of annual undiscounted cash flows of the operating lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" xlink:label="mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" xlink:to="mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock_lbl" xml:lang="en-US">Schedule of Additional Information Related to Leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:to="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xml:lang="en-US">Schedule of future minimum non-cancelable rental commitments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:label="us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:to="us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock_lbl" xml:lang="en-US">Schedule of cash and cash equivalents and restricted cash</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:label="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:to="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_lbl" xml:lang="en-US">Schedule of supplemental disclosure</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:to="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US">Schedule of Accumulated Other Comprehensive Income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLossCarryforwardsTable" xlink:label="us-gaap_OperatingLossCarryforwardsTable" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwardsTable_lbl" xml:lang="en-US">Operating Loss Carryforwards [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLossCarryforwardsLineItems" xlink:label="us-gaap_OperatingLossCarryforwardsLineItems" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwardsLineItems_lbl" xml:lang="en-US">Operating Loss Carryforwards [Line Items]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="srt_RangeAxis_2_lbl" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_CityJurisdictionMember_2_lbl" xml:lang="en-US">City Jurisdiction [Member]</link:label>
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      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BuildingAndImprovementsNetOfAccumulatedDepreciation" xlink:label="mays_BuildingAndImprovementsNetOfAccumulatedDepreciation" />
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      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_DeferredChargesAmortizationPeriod" xlink:label="mays_DeferredChargesAmortizationPeriod" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xml:lang="en-US">Useful life</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecurities_lbl" xml:lang="en-US">Marketable securities</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AvailableForSaleSecurities_2_lbl" xml:lang="en-US">Fair Value</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:to="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_lbl" xml:lang="en-US">Investment securities, continuous unrealized loss position, Less Than 12 Months</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MarketableSecuritiesGainLoss" xlink:label="us-gaap_MarketableSecuritiesGainLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesGainLoss" xlink:to="us-gaap_MarketableSecuritiesGainLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesGainLoss_lbl" xml:lang="en-US">Gain on sale of marketable securities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="us-gaap_InvestmentIncomeInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xml:lang="en-US">Interest income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentIncomeDividend" xlink:label="us-gaap_InvestmentIncomeDividend" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeDividend" xlink:to="us-gaap_InvestmentIncomeDividend_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeDividend_lbl" xml:lang="en-US">Dividend income</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeNet" xlink:to="us-gaap_InvestmentIncomeNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InvestmentIncomeNet_2_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskTable" xlink:label="us-gaap_ConcentrationRiskTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_ConcentrationRiskTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskTable_lbl" xml:lang="en-US">Concentration Risk [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskLineItems" xlink:label="us-gaap_ConcentrationRiskLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="us-gaap_ConcentrationRiskLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskLineItems_lbl" xml:lang="en-US">Concentration Risk [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CustomerThreeMember" xlink:to="mays_CustomerThreeMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_CustomerThreeMember_2_lbl" xml:lang="en-US">Customer Three [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNetMember" xlink:to="us-gaap_SalesRevenueNetMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SalesRevenueNetMember_2_lbl" xml:lang="en-US">Rental Income [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="us-gaap_ConcentrationRiskPercentage1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskPercentage1" xlink:to="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xml:lang="en-US">Concentration risk</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForLoanAndLeaseLosses" xlink:to="us-gaap_ProvisionForLoanAndLeaseLosses_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses_2_lbl" xml:lang="en-US">Write-offs of unbilled receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" xlink:label="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" xlink:to="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure_lbl" xml:lang="en-US">Irrevocable letter of credit</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ConcentrationRiskNumberOfTenants" xlink:label="mays_ConcentrationRiskNumberOfTenants" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ConcentrationRiskNumberOfTenants" xlink:to="mays_ConcentrationRiskNumberOfTenants_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mays_ConcentrationRiskNumberOfTenants_lbl" xml:lang="en-US">Number of tenants</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingAndBuildingImprovementsMember" xlink:to="us-gaap_BuildingAndBuildingImprovementsMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_2_lbl" xml:lang="en-US">Buildings and Improvements [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="us-gaap_PropertyPlantAndEquipmentGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentGross" xlink:to="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xml:lang="en-US">Property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xml:lang="en-US">Less accumulated depreciation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xml:lang="en-US">Property and equipment - net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="us-gaap_ConstructionInProgressGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionInProgressGross" xlink:to="us-gaap_ConstructionInProgressGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConstructionInProgressGross_lbl" xml:lang="en-US">Construction in progress</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseRightOfUseAssetGross" xlink:to="mays_OperatingLeaseRightOfUseAssetGross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mays_OperatingLeaseRightOfUseAssetGross_2_lbl" xml:lang="en-US">Operating lease right-of-use-assets</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets" xlink:label="mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets" xlink:to="mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets_lbl" xml:lang="en-US">Less: Accumulated Amortization</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="us-gaap_OperatingLeaseRightOfUseAsset_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_2_lbl" xml:lang="en-US">Operating lease right-of-use-assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseTermOfContract" xlink:label="us-gaap_LesseeOperatingLeaseTermOfContract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseTermOfContract" xlink:to="us-gaap_LesseeOperatingLeaseTermOfContract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseTermOfContract_lbl" xml:lang="en-US">Estimated useful life lease terms</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="us-gaap_DebtInstrumentsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentsAbstract" xlink:to="us-gaap_DebtInstrumentsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentsAbstract_lbl" xml:lang="en-US">Mortgage:</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_DebtInstrumentCarryingAmountCurrentPortion" xlink:label="mays_DebtInstrumentCarryingAmountCurrentPortion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DebtInstrumentCarryingAmountCurrentPortion" xlink:to="mays_DebtInstrumentCarryingAmountCurrentPortion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mays_DebtInstrumentCarryingAmountCurrentPortion_lbl" xml:lang="en-US">Due Within One Year</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_DebtInstrumentCarryingAmountNoncurrentPortion" xlink:label="mays_DebtInstrumentCarryingAmountNoncurrentPortion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DebtInstrumentCarryingAmountNoncurrentPortion" xlink:to="mays_DebtInstrumentCarryingAmountNoncurrentPortion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mays_DebtInstrumentCarryingAmountNoncurrentPortion_lbl" xml:lang="en-US">Due After One Year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsNetAbstract" xlink:label="us-gaap_DeferredFinanceCostsNetAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNetAbstract" xlink:to="us-gaap_DeferredFinanceCostsNetAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredFinanceCostsNetAbstract_lbl" xml:lang="en-US">Less: Deferred financing costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsCurrentNet" xlink:label="us-gaap_DeferredFinanceCostsCurrentNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsCurrentNet" xlink:to="us-gaap_DeferredFinanceCostsCurrentNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredFinanceCostsCurrentNet_lbl" xml:lang="en-US">Due Within One Year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:to="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xml:lang="en-US">Due After One Year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesAndLoansPayableCurrent" xlink:label="us-gaap_NotesAndLoansPayableCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesAndLoansPayableCurrent" xlink:to="us-gaap_NotesAndLoansPayableCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NotesAndLoansPayableCurrent_lbl" xml:lang="en-US">Due Within One Year, Total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesAndLoans" xlink:to="us-gaap_LongTermNotesAndLoans_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermNotesAndLoans_2_lbl" xml:lang="en-US">Due After One Year, Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:to="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xml:lang="en-US">Current Annual Interest Rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="us-gaap_DebtInstrumentMaturityDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDate" xlink:to="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xml:lang="en-US">Final Payment Date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="us-gaap_LongtermDebtTypeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xml:lang="en-US">Long-term Debt, Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US">Closed bank liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuredDebt" xlink:label="us-gaap_SecuredDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebt" xlink:to="us-gaap_SecuredDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuredDebt_lbl" xml:lang="en-US">Secured debt</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_AdditionalMortgageLoansForCapitalImprovements" xlink:label="mays_AdditionalMortgageLoansForCapitalImprovements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_AdditionalMortgageLoansForCapitalImprovements" xlink:to="mays_AdditionalMortgageLoansForCapitalImprovements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_AdditionalMortgageLoansForCapitalImprovements_lbl" xml:lang="en-US">Additional loans</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="us-gaap_DebtInstrumentCarryingAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCarryingAmount" xlink:to="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xml:lang="en-US">Amount outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="us-gaap_DebtInstrumentTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTerm" xlink:to="us-gaap_DebtInstrumentTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xml:lang="en-US">Term of loan</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1" xlink:label="us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1" xlink:to="us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_lbl" xml:lang="en-US">Amortization period of loan</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:to="us-gaap_DebtInstrumentInterestRateEffectivePercentage_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_2_lbl" xml:lang="en-US">Interest rate, percent</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorLeaseDescriptionTable" xlink:label="us-gaap_LessorLeaseDescriptionTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorLeaseDescriptionTable" xlink:to="us-gaap_LessorLeaseDescriptionTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorLeaseDescriptionTable_lbl" xml:lang="en-US">Lessor, Lease, Description [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorLeaseDescriptionLineItems" xlink:label="us-gaap_LessorLeaseDescriptionLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorLeaseDescriptionLineItems" xlink:to="us-gaap_LessorLeaseDescriptionLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorLeaseDescriptionLineItems_lbl" xml:lang="en-US">Lessor, Lease, Description [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseRenewalTerm" xlink:label="us-gaap_LesseeOperatingLeaseRenewalTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseRenewalTerm" xlink:to="us-gaap_LesseeOperatingLeaseRenewalTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseRenewalTerm_lbl" xml:lang="en-US">Operating leases extended period</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals_lbl" xml:lang="en-US">Minimum sublease rentals</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForRent" xlink:label="us-gaap_PaymentsForRent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRent" xlink:to="us-gaap_PaymentsForRent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForRent_lbl" xml:lang="en-US">Rent payments related to an affiliate principally owned by director</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_OperatingLeaseBaseLeaseRentFixed" xlink:label="mays_OperatingLeaseBaseLeaseRentFixed" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseBaseLeaseRentFixed" xlink:to="mays_OperatingLeaseBaseLeaseRentFixed_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_OperatingLeaseBaseLeaseRentFixed_lbl" xml:lang="en-US">Base rent - fixed</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_OperatingLeaseReimbursementsOfCommonAreaCosts" xlink:label="mays_OperatingLeaseReimbursementsOfCommonAreaCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseReimbursementsOfCommonAreaCosts" xlink:to="mays_OperatingLeaseReimbursementsOfCommonAreaCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_OperatingLeaseReimbursementsOfCommonAreaCosts_lbl" xml:lang="en-US">Reimbursements of Common Area Costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseVariableLeaseIncome" xlink:label="us-gaap_OperatingLeaseVariableLeaseIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseVariableLeaseIncome" xlink:to="us-gaap_OperatingLeaseVariableLeaseIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseVariableLeaseIncome_lbl" xml:lang="en-US">Non-lease components (real estate taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLeaseIncome" xlink:label="us-gaap_OperatingLeaseLeaseIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLeaseIncome" xlink:to="us-gaap_OperatingLeaseLeaseIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeaseLeaseIncome_lbl" xml:lang="en-US">Rental income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths" xlink:to="us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_lbl" xml:lang="en-US">2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears" xlink:to="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_lbl" xml:lang="en-US">2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears" xlink:to="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_lbl" xml:lang="en-US">2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears" xlink:to="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_lbl" xml:lang="en-US">2023</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears" xlink:to="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears_lbl" xml:lang="en-US">2024</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_LessorOperatingLeasePaymentsToBeReceivedSixYears" xlink:label="mays_LessorOperatingLeasePaymentsToBeReceivedSixYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_LessorOperatingLeasePaymentsToBeReceivedSixYears" xlink:to="mays_LessorOperatingLeasePaymentsToBeReceivedSixYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_LessorOperatingLeasePaymentsToBeReceivedSixYears_lbl" xml:lang="en-US">2025</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter" xlink:to="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter_lbl" xml:lang="en-US">After 2024 and 2025</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceived" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceived" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeasePaymentsToBeReceived" xlink:to="us-gaap_LessorOperatingLeasePaymentsToBeReceived_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceived_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseCost" xlink:label="us-gaap_OperatingLeaseCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseCost" xlink:to="us-gaap_OperatingLeaseCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseCost_lbl" xml:lang="en-US">Operating lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesRentExpenseSubleaseRentals1" xlink:label="us-gaap_OperatingLeasesRentExpenseSubleaseRentals1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseSubleaseRentals1" xlink:to="us-gaap_OperatingLeasesRentExpenseSubleaseRentals1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesRentExpenseSubleaseRentals1_lbl" xml:lang="en-US">Sublease income</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ExcessOfSubleaseIncomeOverRentalExpense" xlink:label="mays_ExcessOfSubleaseIncomeOverRentalExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ExcessOfSubleaseIncomeOverRentalExpense" xlink:to="mays_ExcessOfSubleaseIncomeOverRentalExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mays_ExcessOfSubleaseIncomeOverRentalExpense_lbl" xml:lang="en-US">Excess of sublease income over lease cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xml:lang="en-US">October 31, 2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xml:lang="en-US">October 31, 2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xml:lang="en-US">October 31, 2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xml:lang="en-US">October 31, 2023</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl" xml:lang="en-US">October 31, 2024</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl" xml:lang="en-US">Thereafter</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xml:lang="en-US">Total undiscounted cash flows</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US">Less: present value discount</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiability" xlink:label="us-gaap_OperatingLeaseLiability" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xml:lang="en-US">Total Lease Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeDisclosureAbstract" xlink:label="us-gaap_LesseeDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeDisclosureAbstract" xlink:to="us-gaap_LesseeDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeDisclosureAbstract_lbl" xml:lang="en-US">Lessee Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseCostAbstract" xlink:label="us-gaap_LeaseCostAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCostAbstract" xlink:to="us-gaap_LeaseCostAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseCostAbstract_lbl" xml:lang="en-US">Other information:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInOperatingLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilities_lbl" xml:lang="en-US">Operating cash flows from operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xml:lang="en-US">Weighted-average remaining lease term - operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xml:lang="en-US">Weighted-average discount rate - operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xml:lang="en-US">2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xml:lang="en-US">2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xml:lang="en-US">2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xml:lang="en-US">2023</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xml:lang="en-US">2024</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xml:lang="en-US">After 2024</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xml:lang="en-US">Total required</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedContributionPlanCostRecognized" xlink:label="us-gaap_DefinedContributionPlanCostRecognized" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanCostRecognized" xlink:to="us-gaap_DefinedContributionPlanCostRecognized_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedContributionPlanCostRecognized_lbl" xml:lang="en-US">Pension contributions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MultiemployerPlanContributionsByEmployer" xlink:label="us-gaap_MultiemployerPlanContributionsByEmployer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MultiemployerPlanContributionsByEmployer" xlink:to="us-gaap_MultiemployerPlanContributionsByEmployer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MultiemployerPlanContributionsByEmployer_lbl" xml:lang="en-US">Employer contributions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MultiemployerPlanContributionRateIncreaseDecrease" xlink:label="us-gaap_MultiemployerPlanContributionRateIncreaseDecrease" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MultiemployerPlanContributionRateIncreaseDecrease" xlink:to="us-gaap_MultiemployerPlanContributionRateIncreaseDecrease_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MultiemployerPlanContributionRateIncreaseDecrease_lbl" xml:lang="en-US">Minimum contribution rate</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_2_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_RestrictedCashTenantSecurityDeposits" xlink:label="mays_RestrictedCashTenantSecurityDeposits" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_RestrictedCashTenantSecurityDeposits" xlink:to="mays_RestrictedCashTenantSecurityDeposits_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_RestrictedCashTenantSecurityDeposits_lbl" xml:lang="en-US">Restricted cash, tenant security deposits</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EscrowDeposit" xlink:label="us-gaap_EscrowDeposit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EscrowDeposit" xlink:to="us-gaap_EscrowDeposit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EscrowDeposit_lbl" xml:lang="en-US">Restricted cash, escrow</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_RestrictedCashOther" xlink:label="mays_RestrictedCashOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_RestrictedCashOther" xlink:to="mays_RestrictedCashOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_RestrictedCashOther_lbl" xml:lang="en-US">Restricted cash, other</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_3_lbl" xml:lang="en-US">Cash flow information</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US">Cash Flow Information</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestPaidNet_lbl" xml:lang="en-US">Interest paid, net of capitalized interest of $26,456 (2019) and $15,067 (2018)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaidNet" xlink:to="us-gaap_IncomeTaxesPaidNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US">Income taxes paid</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_SupplementalNonCashFlowInformationAbstract" xlink:label="mays_SupplementalNonCashFlowInformationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_SupplementalNonCashFlowInformationAbstract" xlink:to="mays_SupplementalNonCashFlowInformationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_SupplementalNonCashFlowInformationAbstract_lbl" xml:lang="en-US">Non-cash information</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseRightOfUseAssetGross" xlink:to="mays_OperatingLeaseRightOfUseAssetGross_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mays_OperatingLeaseRightOfUseAssetGross_3_lbl" xml:lang="en-US">Initial recognition of operating lease right-of-use assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseLiabilityGross" xlink:to="mays_OperatingLeaseLiabilityGross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mays_OperatingLeaseLiabilityGross_2_lbl" xml:lang="en-US">Initial recognition of operating lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="us-gaap_LossContingenciesTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_LossContingenciesTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingenciesTable_lbl" xml:lang="en-US">Loss Contingencies [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="us-gaap_LossContingenciesLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="us-gaap_LossContingenciesLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingenciesLineItems_lbl" xml:lang="en-US">Loss Contingencies [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyAccrualPayments" xlink:label="us-gaap_LossContingencyAccrualPayments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyAccrualPayments" xlink:to="us-gaap_LossContingencyAccrualPayments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyAccrualPayments_lbl" xml:lang="en-US">Payment of litigation settlement</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_AccumulatedOtherComprehensiveIncomeAbstract" xlink:to="mays_AccumulatedOtherComprehensiveIncomeAbstract_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_AccumulatedOtherComprehensiveIncomeAbstract_doc" xml:lang="en-US">Accumulated Other Comprehensive Income [Abstract]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_AdditionalMortgageLoansForCapitalImprovements" xlink:to="mays_AdditionalMortgageLoansForCapitalImprovements_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_AdditionalMortgageLoansForCapitalImprovements_doc" xml:lang="en-US">The value for additional mortgage loan for capital improvements.</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BondSt.BuildingBrooklynNYMember" xlink:label="mays_BondSt.BuildingBrooklynNYMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BondSt.BuildingBrooklynNYMember" xlink:to="mays_BondSt.BuildingBrooklynNYMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BondSt.BuildingBrooklynNYMember_doc" xml:lang="en-US">Bond St. building, Brooklyn, NY [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BondSt.BuildingBrooklynNYTwoMember" xlink:to="mays_BondSt.BuildingBrooklynNYTwoMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BondSt.BuildingBrooklynNYTwoMember_doc" xml:lang="en-US">Represents information pertaining to Bond St. building, Brooklyn, NY two.</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BookDepreciationExceedingTaxDepreciationMember" xlink:label="mays_BookDepreciationExceedingTaxDepreciationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BookDepreciationExceedingTaxDepreciationMember" xlink:to="mays_BookDepreciationExceedingTaxDepreciationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BookDepreciationExceedingTaxDepreciationMember_doc" xml:lang="en-US">Book Depreciation Exceeding Tax Depreciation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BrooklynNewYorkJoweinBuildingFultonStreetAndElmPlaceMember" xlink:label="mays_BrooklynNewYorkJoweinBuildingFultonStreetAndElmPlaceMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BrooklynNewYorkJoweinBuildingFultonStreetAndElmPlaceMember" xlink:to="mays_BrooklynNewYorkJoweinBuildingFultonStreetAndElmPlaceMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BrooklynNewYorkJoweinBuildingFultonStreetAndElmPlaceMember_doc" xml:lang="en-US">Brooklyn, New York, Jowein Building, Fulton Street and Elm Place [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtFishkillBuildingMember" xlink:to="mays_BuildingImprovementsAtFishkillBuildingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BuildingImprovementsAtFishkillBuildingMember_doc" xml:lang="en-US">Building improvements at Fishkill, NY building [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtJamaicaBuildingMember" xlink:to="mays_BuildingImprovementsAtJamaicaBuildingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BuildingImprovementsAtJamaicaBuildingMember_doc" xml:lang="en-US">Building improvements at Jamaica, NY building [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember" xlink:to="mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember_doc" xml:lang="en-US">Building improvements at 9 Bond Street in Brooklyn, NY [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_BuildingImprovementsAtTwentyFiveBondStreetBrooklynNewYorkMember" xlink:label="mays_BuildingImprovementsAtTwentyFiveBondStreetBrooklynNewYorkMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtTwentyFiveBondStreetBrooklynNewYorkMember" xlink:to="mays_BuildingImprovementsAtTwentyFiveBondStreetBrooklynNewYorkMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BuildingImprovementsAtTwentyFiveBondStreetBrooklynNewYorkMember_doc" xml:lang="en-US">Building Improvements at 25 Bond Street in Brooklyn, NY [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember" xlink:to="mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember_doc" xml:lang="en-US">Building improvements at 25 Elm Place in Brooklyn, NY [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_CirclevilleOhioTarltonRoadMember" xlink:label="mays_CirclevilleOhioTarltonRoadMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CirclevilleOhioTarltonRoadMember" xlink:to="mays_CirclevilleOhioTarltonRoadMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_CirclevilleOhioTarltonRoadMember_doc" xml:lang="en-US">Circleville, Ohio, Tarlton Road [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CityJurisdictionMember" xlink:to="mays_CityJurisdictionMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_CityJurisdictionMember_doc" xml:lang="en-US">City Jurisdiction [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CompanyOwnedPropertyMember" xlink:to="mays_CompanyOwnedPropertyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_CompanyOwnedPropertyMember_doc" xml:lang="en-US">Company Owned Property [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ConcentrationRiskNumberOfTenants" xlink:to="mays_ConcentrationRiskNumberOfTenants_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ConcentrationRiskNumberOfTenants_doc" xml:lang="en-US">Represents the number of tenants from whom rental income is derived.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CustomerOneMember" xlink:to="mays_CustomerOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_CustomerOneMember_doc" xml:lang="en-US">Customer One [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CustomerThreeMember" xlink:to="mays_CustomerThreeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_CustomerThreeMember_doc" xml:lang="en-US">Customer Three [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_CustomerTwoMember" xlink:to="mays_CustomerTwoMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_CustomerTwoMember_doc" xml:lang="en-US">Customer Two [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DebtInstrumentCarryingAmountCurrentPortion" xlink:to="mays_DebtInstrumentCarryingAmountCurrentPortion_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_DebtInstrumentCarryingAmountCurrentPortion_doc" xml:lang="en-US">Debt Instrument Carrying Amount, Current Portion.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DebtInstrumentCarryingAmountNoncurrentPortion" xlink:to="mays_DebtInstrumentCarryingAmountNoncurrentPortion_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_DebtInstrumentCarryingAmountNoncurrentPortion_doc" xml:lang="en-US">Debt Instrument Carrying Amount, Noncurrent Portion.</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_DeferredChargesAxis" xlink:label="mays_DeferredChargesAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DeferredChargesAxis" xlink:to="mays_DeferredChargesAxis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_DeferredChargesAxis_doc" xml:lang="en-US">Deferred Charges [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_DeferredIncomeTaxExpenseBenefitAxis" xlink:label="mays_DeferredIncomeTaxExpenseBenefitAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DeferredIncomeTaxExpenseBenefitAxis" xlink:to="mays_DeferredIncomeTaxExpenseBenefitAxis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_DeferredIncomeTaxExpenseBenefitAxis_doc" xml:lang="en-US">Deferred Income Tax Expense (Benefit) [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_DeferredRevenueMember" xlink:label="mays_DeferredRevenueMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DeferredRevenueMember" xlink:to="mays_DeferredRevenueMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_DeferredRevenueMember_doc" xml:lang="en-US">Deferred Revenue [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DeferredTaxesOnUnrealizedGainLossOnAvailableForSaleSecurities" xlink:to="mays_DeferredTaxesOnUnrealizedGainLossOnAvailableForSaleSecurities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_DeferredTaxesOnUnrealizedGainLossOnAvailableForSaleSecurities_doc" xml:lang="en-US">Deferred taxes unrealized gain (loss) on available-for-sale securities.</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_FinancingCostsMember" xlink:label="mays_FinancingCostsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_FinancingCostsMember" xlink:to="mays_FinancingCostsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_FinancingCostsMember_doc" xml:lang="en-US">Financing Costs [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_FishkillNewYorkPropertyMember" xlink:label="mays_FishkillNewYorkPropertyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_FishkillNewYorkPropertyMember" xlink:to="mays_FishkillNewYorkPropertyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_FishkillNewYorkPropertyMember_doc" xml:lang="en-US">Fishkill, New York property [Member].</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_IncreaseDecreaseInUnbilledReceivablesMember" xlink:label="mays_IncreaseDecreaseInUnbilledReceivablesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_IncreaseDecreaseInUnbilledReceivablesMember" xlink:to="mays_IncreaseDecreaseInUnbilledReceivablesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_IncreaseDecreaseInUnbilledReceivablesMember_doc" xml:lang="en-US">Increase (Decrease) In Unbilled Receivables [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_InvestmentFourMember" xlink:label="mays_InvestmentFourMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_InvestmentFourMember" xlink:to="mays_InvestmentFourMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_InvestmentFourMember_doc" xml:lang="en-US">Investment Four [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_InvestmentOneMember" xlink:label="mays_InvestmentOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_InvestmentOneMember" xlink:to="mays_InvestmentOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_InvestmentOneMember_doc" xml:lang="en-US">Investment One [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_InvestmentThreeMember" xlink:label="mays_InvestmentThreeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_InvestmentThreeMember" xlink:to="mays_InvestmentThreeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_InvestmentThreeMember_doc" xml:lang="en-US">Investment Three [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_InvestmentTwoMember" xlink:label="mays_InvestmentTwoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_InvestmentTwoMember" xlink:to="mays_InvestmentTwoMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_InvestmentTwoMember_doc" xml:lang="en-US">Investment Two [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_JamaicaNewYorkBuildingMember" xlink:label="mays_JamaicaNewYorkBuildingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_JamaicaNewYorkBuildingMember" xlink:to="mays_JamaicaNewYorkBuildingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_JamaicaNewYorkBuildingMember_doc" xml:lang="en-US">Jamaica, New York, Jamaica Avenue at 169th Street [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_LeasedPropertyMember" xlink:to="mays_LeasedPropertyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_LeasedPropertyMember_doc" xml:lang="en-US">Leased Property [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_LeasingBrokerageCommissionsMember" xlink:label="mays_LeasingBrokerageCommissionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_LeasingBrokerageCommissionsMember" xlink:to="mays_LeasingBrokerageCommissionsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_LeasingBrokerageCommissionsMember_doc" xml:lang="en-US">Leasing Brokerage Commissions [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_LevittownNewYorkHempsteadTurnpikeMember" xlink:label="mays_LevittownNewYorkHempsteadTurnpikeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_LevittownNewYorkHempsteadTurnpikeMember" xlink:to="mays_LevittownNewYorkHempsteadTurnpikeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_LevittownNewYorkHempsteadTurnpikeMember_doc" xml:lang="en-US">Levittown, New York, Hempstead, Turnpike [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_LitigationDepositDueFromContractorMember" xlink:label="mays_LitigationDepositDueFromContractorMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_LitigationDepositDueFromContractorMember" xlink:to="mays_LitigationDepositDueFromContractorMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_LitigationDepositDueFromContractorMember_doc" xml:lang="en-US">Litigation Deposit Due From Contractor [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_MultipleSuccessivelySubordinateLoansMember" xlink:label="mays_MultipleSuccessivelySubordinateLoansMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_MultipleSuccessivelySubordinateLoansMember" xlink:to="mays_MultipleSuccessivelySubordinateLoansMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_MultipleSuccessivelySubordinateLoansMember_doc" xml:lang="en-US">Multiple Successively Subordinate Loans [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_NetOperatingLossCarryforwardMember" xlink:label="mays_NetOperatingLossCarryforwardMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_NetOperatingLossCarryforwardMember" xlink:to="mays_NetOperatingLossCarryforwardMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_NetOperatingLossCarryforwardMember_doc" xml:lang="en-US">Represents information pertaining to net operating loss carryforward.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_NoncurrentMember" xlink:to="mays_NoncurrentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_NoncurrentMember_doc" xml:lang="en-US">Noncurrent [Member].</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_OfficeFurnitureAndEquipmentAndTransportationEquipmentMember" xlink:label="mays_OfficeFurnitureAndEquipmentAndTransportationEquipmentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OfficeFurnitureAndEquipmentAndTransportationEquipmentMember" xlink:to="mays_OfficeFurnitureAndEquipmentAndTransportationEquipmentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OfficeFurnitureAndEquipmentAndTransportationEquipmentMember_doc" xml:lang="en-US">Office Furniture and Equipment and Transportation Equipment [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeasesIncomeStatementLeaseRevenues" xlink:to="mays_OperatingLeasesIncomeStatementLeaseRevenues_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OperatingLeasesIncomeStatementLeaseRevenues_doc" xml:lang="en-US">The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OtherAssetsDeferredCharges" xlink:to="mays_OtherAssetsDeferredCharges_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OtherAssetsDeferredCharges_doc" xml:lang="en-US">Amount of other assets deferred charges during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodToRetainedEarningsNetOfTax" xlink:to="mays_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodToRetainedEarningsNetOfTax_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodToRetainedEarningsNetOfTax_doc" xml:lang="en-US">Unrealized gain on marketable securities reclassified to retained earnings.</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_OtherDeferredIncomeTaxExpenseMember" xlink:label="mays_OtherDeferredIncomeTaxExpenseMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OtherDeferredIncomeTaxExpenseMember" xlink:to="mays_OtherDeferredIncomeTaxExpenseMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OtherDeferredIncomeTaxExpenseMember_doc" xml:lang="en-US">Other Deferred Income Tax Expense [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_PeriodOverWhichStateCapitalBasedTaxWillBePhasedOut" xlink:to="mays_PeriodOverWhichStateCapitalBasedTaxWillBePhasedOut_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_PeriodOverWhichStateCapitalBasedTaxWillBePhasedOut_doc" xml:lang="en-US">The period over which state capital-based tax will be phased out.</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_PermanentSubordinateMortgageMember" xlink:label="mays_PermanentSubordinateMortgageMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_PermanentSubordinateMortgageMember" xlink:to="mays_PermanentSubordinateMortgageMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_PermanentSubordinateMortgageMember_doc" xml:lang="en-US">Permanent Subordinate Mortgage [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ProfessionalFeesForLeasingMember" xlink:label="mays_ProfessionalFeesForLeasingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ProfessionalFeesForLeasingMember" xlink:to="mays_ProfessionalFeesForLeasingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ProfessionalFeesForLeasingMember_doc" xml:lang="en-US">Professional Fees For Leasing [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings" xlink:to="mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings_doc" xml:lang="en-US">Reclassification of unrealized gain on investments to retained earnings .</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ReductionIncreaseOfRentalIncomeReceivedInAdvanceMember" xlink:label="mays_ReductionIncreaseOfRentalIncomeReceivedInAdvanceMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ReductionIncreaseOfRentalIncomeReceivedInAdvanceMember" xlink:to="mays_ReductionIncreaseOfRentalIncomeReceivedInAdvanceMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ReductionIncreaseOfRentalIncomeReceivedInAdvanceMember_doc" xml:lang="en-US">Reduction (Increase) Of Rental Income Received In Advance [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_RelatedPartyNotePayableMember" xlink:label="mays_RelatedPartyNotePayableMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_RelatedPartyNotePayableMember" xlink:to="mays_RelatedPartyNotePayableMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_RelatedPartyNotePayableMember_doc" xml:lang="en-US">Related Party Note Payable [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_RestrictedCashOther" xlink:to="mays_RestrictedCashOther_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_RestrictedCashOther_doc" xml:lang="en-US">Restricted cash, other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_RestrictedCashTenantSecurityDeposits" xlink:to="mays_RestrictedCashTenantSecurityDeposits_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_RestrictedCashTenantSecurityDeposits_doc" xml:lang="en-US">Restricted cash relating to tenant security deposits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock" xlink:to="mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock_doc" xml:lang="en-US">Schedule of property and equipment construction in progress.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_SecurityDepositsPayableCurrent" xlink:to="mays_SecurityDepositsPayableCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_SecurityDepositsPayableCurrent_doc" xml:lang="en-US">The current portion of security deposits payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_SecurityDepositsPayableNonCurrent" xlink:to="mays_SecurityDepositsPayableNonCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_SecurityDepositsPayableNonCurrent_doc" xml:lang="en-US">The noncurrent portion of security deposits payable.</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_ThirtyThreeBondStreetLlcMember" xlink:label="mays_ThirtyThreeBondStreetLlcMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ThirtyThreeBondStreetLlcMember" xlink:to="mays_ThirtyThreeBondStreetLlcMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ThirtyThreeBondStreetLlcMember_doc" xml:lang="en-US">33 Bond St. LLC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_UnbilledReceivablesAndRentalIncomeTextBlock" xlink:to="mays_UnbilledReceivablesAndRentalIncomeTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_UnbilledReceivablesAndRentalIncomeTextBlock_doc" xml:lang="en-US">The entire disclosure for unbilled receivables and rental income.</link:label>
      <link:loc xlink:type="locator" xlink:href="mays-20191031.xsd#mays_UnbilledReceivablesMember" xlink:label="mays_UnbilledReceivablesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_UnbilledReceivablesMember" xlink:to="mays_UnbilledReceivablesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_UnbilledReceivablesMember_doc" xml:lang="en-US">Unbilled Receivables [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_UnrealizedGainOnMarketableSecuritiesMember" xlink:to="mays_UnrealizedGainOnMarketableSecuritiesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_UnrealizedGainOnMarketableSecuritiesMember_doc" xml:lang="en-US">Unrealized Gain on Marketable securities [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings" xlink:to="mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings_doc" xml:lang="en-US">Reclassification of unrealized gains on marketable securities to retained earnings.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ReclassificationAdjustmentFromAdoptionOfAsuTopic" xlink:to="mays_ReclassificationAdjustmentFromAdoptionOfAsuTopic_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ReclassificationAdjustmentFromAdoptionOfAsuTopic_doc" xml:lang="en-US">Reclassification of income taxes stranded in accumulated other comprehensive income (loss) to retained earnings, per adoption of ASU No. 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income",</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_BuildingAndImprovementsNetOfAccumulatedDepreciation" xlink:to="mays_BuildingAndImprovementsNetOfAccumulatedDepreciation_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_BuildingAndImprovementsNetOfAccumulatedDepreciation_doc" xml:lang="en-US">Building and improvements net of accumulated depreciation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ExcessOfSubleaseIncomeOverRentalExpense" xlink:to="mays_ExcessOfSubleaseIncomeOverRentalExpense_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ExcessOfSubleaseIncomeOverRentalExpense_doc" xml:lang="en-US">Excess of sublease income over expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseRightOfUseAssetGross" xlink:to="mays_OperatingLeaseRightOfUseAssetGross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OperatingLeaseRightOfUseAssetGross_doc" xml:lang="en-US">Initial recognition of operating lease right-of-use assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets" xlink:to="mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets_doc" xml:lang="en-US">Less: Accumulated Amortization.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseLiabilityGross" xlink:to="mays_OperatingLeaseLiabilityGross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OperatingLeaseLiabilityGross_doc" xml:lang="en-US">Initial recognition of operating lease liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock" xlink:to="mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of additional information related to leases.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_ScheduleOfLeasedPropertyConsistsTableTextBlock" xlink:to="mays_ScheduleOfLeasedPropertyConsistsTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_ScheduleOfLeasedPropertyConsistsTableTextBlock_doc" xml:lang="en-US">Schedule of leased property consists.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_SupplementalNonCashFlowInformationAbstract" xlink:to="mays_SupplementalNonCashFlowInformationAbstract_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_SupplementalNonCashFlowInformationAbstract_doc" xml:lang="en-US">Non-cash information.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseExpenseInExcessOfCashPayments" xlink:to="mays_OperatingLeaseExpenseInExcessOfCashPayments_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OperatingLeaseExpenseInExcessOfCashPayments_doc" xml:lang="en-US">Operating lease expense in excess of cash payments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_DeferredChargesAmortizationPeriod" xlink:to="mays_DeferredChargesAmortizationPeriod_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_DeferredChargesAmortizationPeriod_doc" xml:lang="en-US">Amortization period of deferred charges during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseBaseLeaseRentFixed" xlink:to="mays_OperatingLeaseBaseLeaseRentFixed_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OperatingLeaseBaseLeaseRentFixed_doc" xml:lang="en-US">Base rent - fixed.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_OperatingLeaseReimbursementsOfCommonAreaCosts" xlink:to="mays_OperatingLeaseReimbursementsOfCommonAreaCosts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_OperatingLeaseReimbursementsOfCommonAreaCosts_doc" xml:lang="en-US">Reimbursements of Common Area Costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_LessorOperatingLeasePaymentsToBeReceivedSixYears" xlink:to="mays_LessorOperatingLeasePaymentsToBeReceivedSixYears_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mays_LessorOperatingLeasePaymentsToBeReceivedSixYears_doc" xml:lang="en-US">Amount of lease payments to be received by lessor in sixth fiscal year following latest fiscal year for operating lease. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest statement of financial position date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrent_2_lbl" xml:lang="en-US">Assets, Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsLeasingGross" xlink:to="us-gaap_DeferredCostsLeasingGross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredCostsLeasingGross_2_lbl" xml:lang="en-US">Deferred Costs, Leasing, Gross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsLeasingAccumulatedAmortization" xlink:to="us-gaap_DeferredCostsLeasingAccumulatedAmortization_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredCostsLeasingAccumulatedAmortization_2_lbl" xml:lang="en-US">Deferred Costs, Leasing, Accumulated Amortization</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCosts" xlink:to="us-gaap_DeferredCosts_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredCosts_2_lbl" xml:lang="en-US">Deferred Costs, Noncurrent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCash" xlink:to="us-gaap_RestrictedCash_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RestrictedCash_2_lbl" xml:lang="en-US">Restricted Cash</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment" xlink:to="us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment_2_lbl" xml:lang="en-US">Assets, Noncurrent, Other than Noncurrent Investments and Property, Plant and Equipment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_2_lbl" xml:lang="en-US">Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mays_SecurityDepositsPayableNonCurrent" xlink:to="mays_SecurityDepositsPayableNonCurrent_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mays_SecurityDepositsPayableNonCurrent_3_lbl" xml:lang="en-US">Security Deposits Payable Non Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrent" xlink:to="us-gaap_LiabilitiesNoncurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesNoncurrent_2_lbl" xml:lang="en-US">Liabilities, Noncurrent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrent" xlink:to="us-gaap_AccruedLiabilitiesCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccruedLiabilitiesCurrent_2_lbl" xml:lang="en-US">Accrued Liabilities, Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilityCurrent" xlink:to="us-gaap_OperatingLeaseLiabilityCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_2_lbl" xml:lang="en-US">Operating Lease, Liability, Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrent_2_lbl" xml:lang="en-US">Liabilities, Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_2_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityBeforeTreasuryStock" xlink:to="us-gaap_StockholdersEquityBeforeTreasuryStock_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityBeforeTreasuryStock_2_lbl" xml:lang="en-US">Stockholders' Equity before Treasury Stock</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_4_lbl" xml:lang="en-US">Stockholders' Equity Attributable to Parent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xml:lang="en-US">Liabilities and Equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Revenues_2_lbl" xml:lang="en-US">Revenues [Default Label]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsDisclosureTextBlock_2_lbl" xml:lang="en-US">Other Assets Disclosure [Text Block]</link:label>
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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>9
<FILENAME>mays-20191031_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6620148304">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Contingencies<br></strong></div></th>
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<td class="text">&#160;<span></span>
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   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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   <td style="vertical-align: top; width: 99%; text-align: left"><font style="font: x-small Times New Roman">On November 2, 2018 the Company settled the lawsuit relating to defective workmanship and breach of contract to replace a roof and various other work on its Fishkill, New York building. The Company agreed to pay $635,000 to the Plaintiffs, D. Owens Electric, Inc., Mid-Hudson Structural Concrete, Inc. d/b/a Recycle Depot, and BSB Construction, Inc., in settlement of the claims made against the Company. This settlement resolves the actions and disputes referred to in the Decision and Order dated October 30, 2018 of the Supreme Court of the State of New York, County of Dutchess. The $635,000 was paid in full on November 6, 2018.</font></td></tr>
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   <td style="vertical-align: top; width: 99%; text-align: left"><font style="font: x-small Times New Roman">There are various other lawsuits and claims pending against the Company. It is the opinion of management that the resolution of these matters will not have a material adverse effect on the Company&#8217;s Consolidated Financial Statements.</font></td></tr>
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   <td style="vertical-align: top; width: 99%; text-align: left"><font style="font: x-small Times New Roman">If the Company sells, transfers, disposes of or demolishes 25 Elm Place, Brooklyn, New York, then the Company may be liable to create a condominium unit for the loading dock. The necessity of creating the condominium unit and the cost of such condominium unit cannot be determined at this time.</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -URI http://asc.fasb.org/topic&amp;trid=2127136<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -URI http://asc.fasb.org/topic&amp;trid=2144648<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6632699616">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Unbilled Receivables and Rental Income<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<td class="text">&#160;<span></span>
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   <p style="text-align: left"><font style="font: x-small Times New Roman"><b>Unbilled Receivables and Rental Income:</b></font></p></td></tr>

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   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Unbilled receivables represent the excess of scheduled rental income recognized on a straight-line basis over rental income as it becomes receivable according to the provisions of each lease.</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for unbilled receivables and rental income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6606432304">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financial Instruments and Credit Risk Concentrations<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">Financial Instruments and Credit Risk Concentrations</a></td>
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   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

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   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Financial instruments that are potentially subject to concentrations of credit risk consist principally of marketable securities, cash and cash equivalents and receivables. Marketable securities and cash and cash equivalents are placed with multiple financial institutions and multiple instruments to minimize risk. No assurance can be made that such financial institutions and instruments will minimize all such risk.</font></td></tr>

<tr style="vertical-align: bottom">

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   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">The Company derives rental income from approximately fifty tenants, of which one tenant accounted for 15.98%, another tenant accounted for 15.77% and a third tenant accounted for 12.25% of rental income during the three months ended October 31, 2019. The three months ended October 31, 2018 had one tenant account for 16.16%, another tenant account for 13.81% and a third tenant account for 11.95% of rental income. No other tenant accounted for more than 10% of rental income during the same periods.</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresTextBlock</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td>na</td>
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<td>duration</td>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6774059376">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Property and Equipment (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property and equipment - net</a></td>
<td class="nump">$ 43,997,228<span></span>
</td>
<td class="nump">$ 53,129,303<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction in progress</a></td>
<td class="nump">3,252,057<span></span>
</td>
<td class="nump">2,325,940<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_BuildingAndImprovementsNetOfAccumulatedDepreciation', window );">Building and improvements net of accumulated depreciation</a></td>
<td class="nump">$ 10,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseExpirationDate1', window );">Lease termination term</a></td>
<td class="text">Jul. 31,  2029<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember', window );">Building Improvements at 9 Bond Street in Brooklyn, NY [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction in progress</a></td>
<td class="nump">$ 223,680<span></span>
</td>
<td class="nump">29,132<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember', window );">Building improvements at 25 Elm Place in Brooklyn, NY [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction in progress</a></td>
<td class="nump">581,783<span></span>
</td>
<td class="nump">426,533<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtJamaicaBuildingMember', window );">Improvements to leased property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction in progress</a></td>
<td class="nump">131,119<span></span>
</td>
<td class="nump">303,975<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtFishkillBuildingMember', window );">Building improvements at Fishkill, NY building [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction in progress</a></td>
<td class="nump">2,315,475<span></span>
</td>
<td class="nump">1,566,300<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandMember', window );">Land [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment</a></td>
<td class="nump">6,067,805<span></span>
</td>
<td class="nump">6,067,805<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember', window );">Buildings and Improvements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment</a></td>
<td class="nump">66,112,845<span></span>
</td>
<td class="nump">86,461,353<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember', window );">Improvements to Leased Property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">1,478,012<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ConstructionInProgressMember', window );">Construction in Progress [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment</a></td>
<td class="nump">3,252,057<span></span>
</td>
<td class="nump">2,325,940<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandAndBuildingMember', window );">Property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment</a></td>
<td class="nump">69,364,902<span></span>
</td>
<td class="nump">90,265,305<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Less accumulated depreciation</a></td>
<td class="nump">31,564,537<span></span>
</td>
<td class="nump">43,310,270<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property and equipment - net</a></td>
<td class="nump">37,800,365<span></span>
</td>
<td class="nump">46,955,035<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember', window );">Fixtures and Equipment [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment</a></td>
<td class="nump">144,545<span></span>
</td>
<td class="nump">144,545<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_OtherMachineryAndEquipmentMember', window );">Other Fixed Assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment</a></td>
<td class="nump">162,010<span></span>
</td>
<td class="nump">164,066<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_PropertyPlantAndEquipmentOtherTypesMember', window );">Fixtures and equipment and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment</a></td>
<td class="nump">306,555<span></span>
</td>
<td class="nump">308,611<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Less accumulated depreciation</a></td>
<td class="nump">177,497<span></span>
</td>
<td class="nump">202,148<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property and equipment - net</a></td>
<td class="nump">$ 129,058<span></span>
</td>
<td class="nump">$ 106,463<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_BuildingAndImprovementsNetOfAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Building and improvements net of accumulated depreciation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_BuildingAndImprovementsNetOfAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.14)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConstructionInProgressGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConstructionInProgressGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseExpirationDate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Date which lease or group of leases is set to expire, in CCYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseExpirationDate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtNineBondStreetBrooklynNewYorkMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtTwentyFiveElmPlaceBrooklynNewYorkMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtJamaicaBuildingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtJamaicaBuildingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtFishkillBuildingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BuildingImprovementsAtFishkillBuildingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ConstructionInProgressMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ConstructionInProgressMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandAndBuildingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandAndBuildingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_OtherMachineryAndEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_OtherMachineryAndEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_PropertyPlantAndEquipmentOtherTypesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_PropertyPlantAndEquipmentOtherTypesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>R37.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6765980912">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Operating Leases (Narraive) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorLeaseDescriptionLineItems', window );"><strong>Lessor, Lease, Description [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals', window );">Minimum sublease rentals</a></td>
<td class="nump">$ 36,268,652<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRent', window );">Rent payments related to an affiliate principally owned by director</a></td>
<td class="nump">$ 246,812<span></span>
</td>
<td class="nump">$ 246,812<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorLeaseDescriptionLineItems', window );"><strong>Lessor, Lease, Description [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseRenewalTerm', window );">Operating leases extended period</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorLeaseDescriptionLineItems', window );"><strong>Lessor, Lease, Description [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseRenewalTerm', window );">Operating leases extended period</a></td>
<td class="text">49 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseRenewalTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Term of lessee's operating lease renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918673-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseRenewalTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorLeaseDescriptionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorLeaseDescriptionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractually required future rental payments receivable on noncancelable subleasing arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash payments to lessor's for use of assets under operating leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6712286448">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Operating Leases (Schedule of future minimum non-cancelable rental commitments) (Details)<br></strong></div></th>
<th class="th" colspan="2">
<div>Jul. 31, 2019 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent', window );">2020</a></td>
<td class="nump">$ 1,897,318<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears', window );">2021</a></td>
<td class="nump">1,941,494<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears', window );">2022</a></td>
<td class="nump">2,057,814<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears', window );">2023</a></td>
<td class="nump">2,072,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears', window );">2024</a></td>
<td class="nump">2,086,697<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter', window );">After 2024</a></td>
<td class="nump">11,701,293<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue', window );">Total required</a></td>
<td class="nump">$ 21,756,616<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Minimum payments have not been reduced by minimum sublease rentals of $36,268,652 under operating leases due in the future under non-cancelable leases.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</td>
</tr>
<tr>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td>instant</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6639656976">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Contingencies (Details)<br></strong></div></th>
<th class="th">
<div>Nov. 06, 2018 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationStatusAxis=us-gaap_SettledLitigationMember', window );">Settled Litigation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualPayments', window );">Payment of litigation settlement</a></td>
<td class="nump">$ 635,000<span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow reducing loss contingency liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118942415&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6773904256">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OperatingLeasesIncomeStatementLeaseRevenues', window );">Rental income (Notes 1, 4 and 8)</a></td>
<td class="nump">$ 5,035,915<span></span>
</td>
<td class="nump">$ 5,161,172<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenues</a></td>
<td class="nump">5,035,915<span></span>
</td>
<td class="nump">5,161,172<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsAndServicesSold', window );">Real estate operating expenses</a></td>
<td class="nump">3,248,594<span></span>
</td>
<td class="nump">2,976,644<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">Administrative and general expenses</a></td>
<td class="nump">1,215,635<span></span>
</td>
<td class="nump">1,742,936<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation (Note 5)</a></td>
<td class="nump">387,410<span></span>
</td>
<td class="nump">466,297<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total expenses</a></td>
<td class="nump">4,851,639<span></span>
</td>
<td class="nump">5,185,877<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Income (loss) from operations before investment income, interest expense and income taxes</a></td>
<td class="nump">184,276<span></span>
</td>
<td class="num">(24,705)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpenseAbstract', window );"><strong>Investment income and interest expense:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeNet', window );">Investment income (Note 3)</a></td>
<td class="nump">65,003<span></span>
</td>
<td class="nump">22,435<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesUnrealizedGainLoss', window );">Change in fair value of marketable securities (Notes 1 and 3)</a></td>
<td class="num">(19,286)<span></span>
</td>
<td class="num">(34,059)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense (Notes 6 and 10)</a></td>
<td class="num">(27,449)<span></span>
</td>
<td class="num">(39,865)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpense', window );">Total investment income and interest expense</a></td>
<td class="nump">18,268<span></span>
</td>
<td class="num">(51,489)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) from operations before income taxes</a></td>
<td class="nump">202,544<span></span>
</td>
<td class="num">(76,194)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income taxes provided</a></td>
<td class="nump">74,000<span></span>
</td>
<td class="nump">3,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="nump">128,544<span></span>
</td>
<td class="num">(79,194)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings, beginning of period</a></td>
<td class="nump">50,371,323<span></span>
</td>
<td class="nump">48,369,386<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings', window );">Reclassification of unrealized gain on investments to retained earnings (Note 1)</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">487,136<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings, end of period</a></td>
<td class="nump">$ 50,499,867<span></span>
</td>
<td class="nump">$ 48,777,328<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Income (loss) per common share (Note 2)</a></td>
<td class="nump">$ 0.06<span></span>
</td>
<td class="num">$ (0.04)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareCashPaid', window );">Dividends per share</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Average common shares outstanding</a></td>
<td class="nump">2,015,780<span></span>
</td>
<td class="nump">2,015,780<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_OperatingLeasesIncomeStatementLeaseRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_OperatingLeasesIncomeStatementLeaseRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reclassification of unrealized gain on investments to retained earnings .</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareCashPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends paid during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockDividendsPerShareCashPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfGoodsAndServicesSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(a),(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfGoodsAndServicesSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1337-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=117327953&amp;loc=d3e4984-109258<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1252-109256<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=SL5780133-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109238882&amp;loc=d3e38679-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(a),(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecuritiesUnrealizedGainLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) on investment in marketable security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(7)(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketableSecuritiesUnrealizedGainLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NonoperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NonoperatingIncomeExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1448-109256<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Per Share of Common Stock<br></strong></div></th>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">Income Per Share of Common Stock</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>2.</b></font></td>

   <td style="vertical-align: top; width: 1%; text-align: left"><b><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></b></td>

   <td style="vertical-align: top; width: 98%; text-align: left"><font style="font: x-small Times New Roman"><strong>Income Per Share of Common Stock:</strong></font>

   <p style="text-align: left"><font style="font: x-small Times New Roman">Income per share has been computed by dividing the net income for the periods by the weighted average number of shares of common stock outstanding during the periods, adjusted for the purchase of treasury stock. Shares used in computing income per share were 2,015,780 for the three months ended October 31, 2019 and October 31, 2018.</font></p></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -URI http://asc.fasb.org/topic&amp;trid=2144383<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6778886288">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accounting Records and Use of Estimates (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
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<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_PeriodOverWhichStateCapitalBasedTaxWillBePhasedOut', window );">Period over which state capital-based tax will be phased out</a></td>
<td class="text">7 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodToRetainedEarningsNetOfTax', window );">Unrealized gain on marketable securities reclassified to retained earnings, net of tax effect</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 487,136<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OperatingLeaseRightOfUseAssetGross', window );">Operating lease right-of-use assets</a></td>
<td class="nump">$ 27,104,937<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OperatingLeaseLiabilityGross', window );">Operating lease liabilities</a></td>
<td class="nump">$ 17,863,507<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseDiscountRate', window );">Incremental borrowing rate</a></td>
<td class="nump">3.88%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_BuildingAndImprovementsNetOfAccumulatedDepreciation', window );">Building and improvements net of accumulated depreciation</a></td>
<td class="nump">$ 10,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedRentNoncurrent', window );">Accrued rent</a></td>
<td class="nump">$ 950,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseExpirationDate1', window );">Lease termination term</a></td>
<td class="text">Jul. 31,  2029<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvisionForLoanAndLeaseLosses', window );">Bad debt expense</a></td>
<td class="nump">$ 40,292<span></span>
</td>
<td class="nump">$ 118,238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityAxis=us-gaap_DomesticCountryMember', window );">Domestic Tax Authority [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Operating loss carryforwards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,002,346<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityAxis=us-gaap_StateAndLocalJurisdictionMember', window );">State and Local Jurisdiction [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Operating loss carryforwards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,170,071<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityAxis=mays_CityJurisdictionMember', window );">City Jurisdiction [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Operating loss carryforwards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8,274,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseExpirationDate1', window );">Lease termination term</a></td>
<td class="text">May 31,  2029<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_DeferredChargesAmortizationPeriod', window );">Deferred charges amortization period</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseExpirationDate1', window );">Lease termination term</a></td>
<td class="text">Apr. 30,  2031<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_DeferredChargesAmortizationPeriod', window );">Deferred charges amortization period</a></td>
<td class="text">21 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_BuildingAndImprovementsNetOfAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Building and improvements net of accumulated depreciation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_BuildingAndImprovementsNetOfAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_DeferredChargesAmortizationPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortization period of deferred charges during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_DeferredChargesAmortizationPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_OperatingLeaseLiabilityGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial recognition of operating lease liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_OperatingLeaseLiabilityGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_OperatingLeaseRightOfUseAssetGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial recognition of operating lease right-of-use assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_OperatingLeaseRightOfUseAssetGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodToRetainedEarningsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unrealized gain on marketable securities reclassified to retained earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodToRetainedEarningsNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_PeriodOverWhichStateCapitalBasedTaxWillBePhasedOut">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The period over which state capital-based tax will be phased out.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_PeriodOverWhichStateCapitalBasedTaxWillBePhasedOut</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedRentNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred through that date and due after one year (or beyond the operating cycle if longer) for contractual rent under lease arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.24)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedRentNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseExpirationDate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Date which lease or group of leases is set to expire, in CCYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseExpirationDate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseDiscountRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Discount rate used by lessee to determine present value of operating lease payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918673-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseDiscountRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32559-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwardsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwardsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvisionForLoanAndLeaseLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense related to estimated loss from loan and lease transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.11)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11B<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=118936363&amp;loc=SL6953423-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvisionForLoanAndLeaseLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxAuthorityAxis=us-gaap_DomesticCountryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxAuthorityAxis=us-gaap_DomesticCountryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxAuthorityAxis=us-gaap_StateAndLocalJurisdictionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxAuthorityAxis=us-gaap_StateAndLocalJurisdictionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxAuthorityAxis=mays_CityJurisdictionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxAuthorityAxis=mays_CityJurisdictionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
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<tr>
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<td>na</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6778342576">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Property and Equipment (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentAbstract', window );"><strong>Property, Plant and Equipment [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentTextBlock', window );">Schedule of property and equipment</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">All buildings owned by the Company are held for leasing except for a small portion used for Company Offices.</font></td></tr></table>
<br />

<table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse">



<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">July 31</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td></tr>
   <tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 93%; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Land</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">6,067,805</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">6,067,805</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: right">&#160;</td>
   <td style="white-space: nowrap; text-align: right">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Buildings held for leasing:</font></td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: right; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: right; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: right; background-color: Silver">&#160;</td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Buildings and improvements</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"></font></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">66,112,845</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">86,461,353</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; background-color: Silver"><font style="font: x-small Times New Roman">Improvements to leased property</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; vertical-align: middle; background-color: Silver"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: center; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">1,478,012</font></td></tr>


<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Construction in progress</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,252,057</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,325,940</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">69,364,902</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">90,265,305</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Less accumulated depreciation</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,564,537</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">43,310,270</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 30pt; background-color: Silver"><font style="font: x-small Times New Roman">Buildings - net</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">37,800,365</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">46,955,035</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>

   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left"><font style="font: x-small Times New Roman">Fixtures and equipment and other:</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; background-color: Silver"><font style="font: x-small Times New Roman">Fixtures and equipment</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">144,545</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">144,545</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Other fixed assets</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">162,010</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">164,066</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">306,555</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">308,611</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Less accumulated depreciation</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">177,497</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">202,148</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; background-color: Silver"><font style="font: x-small Times New Roman">Fixtures and equipment and other - net</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">129,058</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">106,463</font></td></tr>

<tr style="vertical-align: bottom; background-color: White">

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;</font></td>

   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 45pt"><font style="font: x-small Times New Roman">Property and equipment - net</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">43,997,228</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">53,129,303</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_ScheduleOfPropertyPlantAndEquipmentConstructionInProgressTableTextBlock', window );">Schedule of property and equipment construction in progress</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"><tr style="vertical-align: bottom"><td style="text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: White">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Construction in progress includes:</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: White">
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="text-align: left; padding-left: 15pt">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

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   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">July 31</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td></tr>



<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Building improvements at 9 Bond Street in Brooklyn, NY</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">223,680</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">29,132</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left"><font style="font: x-small Times New Roman">Building improvements at 25 Elm Place in Brooklyn, NY</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">581,783</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">426,533</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Improvements to leased property</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">131,119</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

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<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left"><font style="font: x-small Times New Roman">Building improvements at Fishkill, NY building</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,315,475</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,566,300</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">3,252,057</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,325,940</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
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<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"><tr style="vertical-align: bottom"><td colspan="7" style="text-align: left"><font style="font: x-small Times New Roman">Leased property included in the Company's real estate rental operations consists of the following:</font></td> </tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left">&#160;</td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td></tr></table>


<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 94%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">Estimated Useful Life</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="3" style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">October 31, 2019</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Operating lease right-of-use-assets</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Lease Terms &#8211; 7 to 54 years</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">27,104,937</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Less: Accumulated Amortization</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(</font><font style="font: x-small Times New Roman">579,094</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Operating lease right-of-use-assets</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">26,525,843</font></td></tr></table></div><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of leased property consists.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of property and equipment construction in progress.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6765132560">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Operating Leases (Schedule of Additional Information Related to Leases) (Details)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Oct. 31, 2019 </div>
<div>USD ($)</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of liabilities that result from activities that generate operating income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average discount rate for operating lease calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br></p></div>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6773923680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cash Flow Information (Schedule of supplemental disclosure) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Cash Flow Information</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="nump">$ 22,861<span></span>
</td>
<td class="nump">$ 34,272<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Income taxes paid</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_SupplementalNonCashFlowInformationAbstract', window );"><strong>Non-cash information</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
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<td class="nump">27,104,937<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OperatingLeaseLiabilityGross', window );">Initial recognition of operating lease liabilities</a></td>
<td class="nump">$ 17,863,507<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial recognition of operating lease liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial recognition of operating lease right-of-use assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Non-cash information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3367-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766628464">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Marketable Securities<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock', window );">Marketable Securities</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>3.</b></font></td>

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>

   <td style="vertical-align: top; width: 98%; text-align: left"><font style="font: x-small Times New Roman"><strong>Marketable Securities:</strong></font>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The Company&#8217;s marketable securities consist of investments in equity securities. Dividends and interest income are accrued as earned. Realized gains and losses are determined on a specific identification basis. The Company reviews marketable securities for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recovered. The changes in the fair value of these securities are recognized in current period earnings in accordance with ASC 825.</font></p>

</td></tr></table>

<br />



<table cellspacing="0" cellpadding="0" border="0" style="width: 100%">



<tr style="vertical-align: bottom">
   <td style="vertical-align: top; white-space: nowrap; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left">      <p style="text-align: left"><font style="font: x-small Times New Roman">The Company follows GAAP which establishes a fair value hierarchy that prioritizes the valuation techniques and creates the following three broad levels, with Level 1 valuation being the highest priority: </font></p></td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; white-space: nowrap; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left; padding-left: 15pt">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>

   <td style="vertical-align: top; width: 100%; text-align: left; padding-left: 15pt">

   <font style="font: x-small Times New Roman">Level 1 valuation inputs are quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date (e.g., equity securities traded on the New York Stock Exchange).</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Level 2 valuation inputs are from other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly (e.g., quoted market prices of similar assets or liabilities in active markets, or quoted market prices for identical or similar assets or liabilities in markets that are not active).</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Level 3 valuation inputs are unobservable (e.g., an entity&#8217;s own data) and should be used to measure fair value to the extent that observable inputs are not available.</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis. There have been no changes in the methodologies used at October 31, 2019 and July 31, 2019.</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Equity securities are valued at the closing price reported on the active market on which the individual securities are traded that the Company has access to.</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (&#8220;NAV&#8221;) and to transact at that price. The mutual funds held by the Company are deemed to be actively traded.</font></td></tr>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                <tr style="vertical-align: bottom">
   <td style="vertical-align: top; white-space: nowrap; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; white-space: nowrap; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left"><font style="font: x-small Times New Roman">In accordance with the provisions of Fair Value Measurements, the following are the Company's financial assets measured on a recurring basis presented at fair value.</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; white-space: nowrap; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td></tr>
</table>



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<tr style="vertical-align: bottom">

    <td>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 1%; text-align: left"></td>

   <td style="width: 76%; white-space: nowrap; text-align: right"></td>

   <td colspan="23" style="width: 23%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"><b>Fair value measurements at reporting date</b></font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

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   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

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<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31,</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

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   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">July 31,</font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

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   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="border-bottom: Black 1pt solid; text-align: center"><font style="font: x-small Times New Roman"><b>Description</b></font></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Level 1</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Level 2</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Level 3</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Level 1</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

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   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

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<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman"><b>Assets:</b></font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

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   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: x-small Times New Roman">Marketable securities</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,603,985</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,603,985</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,580,227</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,580,227</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

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<p style="text-align: left"><font style="font: x-small Times New Roman"></font></p>

<table cellspacing="0" cellpadding="0" border="0" style="width: 100%">



<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">As of October 31, 2019 and July 31, 2019, the Company's marketable securities were classified as follows:</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr></table>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">October 31, 2019</font> <font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">July 31, 2019</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Gross</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Gross</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Gross</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Gross</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unrealized</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unrealized</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Fair</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unrealized</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unrealized</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Fair</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Cost</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Gains</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Losses</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Value</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Cost</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Gains</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Losses</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Value</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="width: 1%; background-color: White">&#160;</td>
   <td style="text-align: left; width: 86%; white-space: nowrap"><font style="font: xx-small Times New Roman">Noncurrent:</font></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; white-space: nowrap"><font style="font: xx-small Times New Roman">Mutual funds</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">846,775</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">272,803</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,119,578</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">845,306</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">264,425</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,109,731</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; white-space: nowrap"><font style="font: xx-small Times New Roman">Equity securities</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">1,697,731</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">789,097</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2,421</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2,484,407</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">1,656,156</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">814,340</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2,470,496</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,544,506</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">1,061,900</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,421</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">3,603,985</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,501,462</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">1,078,765</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">3,580,227</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap">&#160;</td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>







<tr style="vertical-align: bottom; line-height: normal">

    <td style="background-color: White">&#160;</td>
   <td colspan="25" style="text-align: left"><font style="font: x-small Times New Roman">Investment income consists of the following:</font></td></tr>
<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap">&#160;</td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="5" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Three Months Ended</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="5" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">October 31</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2018</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: xx-small Times New Roman">Gain on sale of marketable securities</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">46,981</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: xx-small Times New Roman">Interest income</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">10,278</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">13,561</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: xx-small Times New Roman">Dividend income</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">7,744</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">8,874</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; white-space: nowrap"><font style="font: xx-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">65,003</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">22,435</font></td></tr></table></div><span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for  investments in certain debt and equity securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -URI http://asc.fasb.org/subtopic&amp;trid=2209399<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 320<br> -URI http://asc.fasb.org/subtopic&amp;trid=2324412<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -URI http://asc.fasb.org/topic&amp;trid=2196928<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 320<br> -URI http://asc.fasb.org/subtopic&amp;trid=2176304<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock</td>
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6774314960">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)<br></strong></div></th>
<th class="th"><div>Common Stock</div></th>
<th class="th"><div>Additional Paid In Capital</div></th>
<th class="th"><div>Unrealized Gain on Marketable securities [Member]</div></th>
<th class="th"><div>Retained Earnings</div></th>
<th class="th"><div>Common Stock Held in Treasury</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Jul. 31, 2018</a></td>
<td class="nump">$ 2,178,297<span></span>
</td>
<td class="nump">$ 3,346,245<span></span>
</td>
<td class="nump">$ 487,136<span></span>
</td>
<td class="nump">$ 48,369,386<span></span>
</td>
<td class="nump">$ 1,287,852<span></span>
</td>
<td class="nump">$ 53,093,212<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings', window );">Reclassification of unrealized gains on marketable securities to retained earnings (Note 1)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(487,136)<span></span>
</td>
<td class="nump">487,136<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(79,194)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(79,194)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Oct. 31, 2018</a></td>
<td class="nump">2,178,297<span></span>
</td>
<td class="nump">3,346,245<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">48,290,192<span></span>
</td>
<td class="nump">1,287,852<span></span>
</td>
<td class="nump">53,014,018<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,593,995<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,593,995<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Jul. 31, 2019</a></td>
<td class="nump">2,178,297<span></span>
</td>
<td class="nump">3,346,245<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">50,371,323<span></span>
</td>
<td class="nump">1,287,852<span></span>
</td>
<td class="nump">54,608,013<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">128,544<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">128,544<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Oct. 31, 2019</a></td>
<td class="nump">$ 2,178,297<span></span>
</td>
<td class="nump">$ 3,346,245<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 50,499,867<span></span>
</td>
<td class="nump">$ 1,287,852<span></span>
</td>
<td class="nump">$ 54,736,557<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reclassification of unrealized gains on marketable securities to retained earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">mays_ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6774243584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DOCUMENT AND ENTITY INFORMATION - shares<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Dec. 05, 2019</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_DocumentAndEntityInformationAbstract', window );"><strong>Document And Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">MAYS J W INC<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000054187<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">10-Q<span></span>
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<td class="text">&#160;<span></span>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Oct. 31,  2019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">Q1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--07-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Non-accelerated Filer<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntitySmallBusiness', window );">Entity Small Business</a></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,015,780<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityInteractiveDataCurrent', window );">Entity Interactive Data Current</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation State Country Code</a></td>
<td class="text">NY<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">11-1059070<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInteractiveDataCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-T<br> -Number 232<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInteractiveDataCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityShellCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityShellCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntitySmallBusiness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicates that the company is a Smaller Reporting Company (SRC).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntitySmallBusiness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_DocumentAndEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_DocumentAndEntityInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>29
<FILENAME>R27.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6778812592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accounting Records and Use of Estimates (Schedule of property and equipment depreciation and amortization period) (Details)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingImprovementsMember', window );">Buildings and improvements [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">18 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingImprovementsMember', window );">Buildings and improvements [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">40 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember', window );">Improvements to leased property [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember', window );">Improvements to leased property [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember', window );">Fixtures and equipment [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">7 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember', window );">Fixtures and equipment [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">12 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember', window );">Other [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember', window );">Other [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">5 years<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766625712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt - Mortgage (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Annual</font></td>

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   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Due</font></td>

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   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Interest</font></td>

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   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Within</font></td>

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   <td style="width: 100%; white-space: nowrap; text-align: left"></td>

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   <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Date</font></td>

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   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">One Year</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;<font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">One Year</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">One Year</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">One Year</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Bond St. building, Brooklyn, NY</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4.375</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td>

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   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">12/1/2024</font></td>

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   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">777,736</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,478,184</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,298,610</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Less: Deferred financing costs</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">6,730</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">11,448</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">&#8211;</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">777,736</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,471,454</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">5,287,162</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">&#8211;</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28541-108399<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21506-112644<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(e),(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28551-108399<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21521-112644<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21538-112644<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 470<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=75038535&amp;loc=d3e64711-112823<br><br>Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=114775985&amp;loc=d3e28878-108400<br><br>Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21475-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766643872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employees' Retirement Plan<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>Retirement Benefits [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock', window );">Employees' Retirement Plan</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>9.</b></font></td>
   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman"><b>Employees' Retirement Plan:</b></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">The Company sponsors a noncontributory Money Purchase Plan covering substantially all of its non-union employees. Operations were charged $101,402 and $106,460 as contributions to the Plan for the three months ended October 31, 2019 and 2018, respectively.</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman"><b>Multi-employer plan:</b></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">The Company contributes to a union sponsored multi-employer pension plan covering its union employees. The Company contributions to the pension plan were $17,013 and $13,946 for the three months ended October 31, 2019 and 2018, respectively. Contributions and costs are determined in accordance with the provisions of negotiated labor contracts or terms of the plans. The Company also contributes to union sponsored health benefit plans.</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman"><b>Contingent Liability for Pension Plan:</b></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Information as to the Company&#8217;s portion of accumulated plan benefits and plan assets is not reported separately by the pension plan. Under the Employee Retirement Income Security Act, upon withdrawal from a multi-employer benefit plan, an employer is required to continue to pay its proportionate share of the plan&#8217;s unfunded vested benefits, if any. Any liability under this provision cannot be determined: however, the Company has not made a decision to withdraw from the plan.</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Information for contributing employer&#8217;s participation in the multi-employer plan:</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 5%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr></table>

<table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 30%; text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Legal name of Plan:</font></td>

   <td style="width: 1%; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 68%; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">United Food and Commercial</font></td></tr>



<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">
Workers Local 888 Pension Fund</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Employer identification number:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">13-6367793</font></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Plan number:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">001</font></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Date of most recent Form 5500:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">December 31, 2018</font></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Certified zone status:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">Critical and declining status</font></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Status determination date:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">January 1, 2018</font></td></tr>


<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Plan used extended amortization provisions in status</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">calculation:</font></td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">Yes</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Minimum required contribution:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">Yes</font></td></tr>


<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Employer contributing greater than 5% of Plan</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">contributions for year ended December 31, 2017:</font></td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">Yes</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Rehabilitation plan implemented:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">Yes</font></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Employer subject to surcharge:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">Yes</font></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td>
   <td style="text-align: left; vertical-align: top">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; vertical-align: top; white-space: nowrap"><font style="font: x-small Times New Roman">Contract expiration date:</font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">November 30, 2022</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font>&#160;</td>

   <td style="text-align: left; padding-left: 15pt; white-space: nowrap"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td colspan="3" style="text-align: left"><font style="font: x-small Times New Roman">For the plan years 2017-2019, under the pension fund&#8217;s rehabilitation plan, the Company agreed to pay a minimum contribution rate equal to 9.1% of the prior year total contribution rate. The Company has 29 employees and has a contract, expiring November 30, 2022, with a union covering rates of pay, hours of employment and other conditions of employment for approximately 21% of its employees. The Company considers that its labor relations with its employees and union are good.</font></td></tr></table></div><span></span>
</td>
</tr>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766501408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Property and Equipment<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsDisclosureTextBlock', window );">Property and Equipment</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>5.</b></font></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman"><b>Property and Equipment:</b></font></td></tr>

<tr style="vertical-align: bottom">
   <td style="vertical-align: top; white-space: nowrap; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">All buildings owned by the Company are held for leasing except for a small portion used for Company Offices.</font></td></tr></table>
<br />

<table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse">



<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">July 31</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td></tr>
   <tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 93%; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Land</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">6,067,805</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">6,067,805</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: right">&#160;</td>
   <td style="white-space: nowrap; text-align: right">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Buildings held for leasing:</font></td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: right; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: right; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: right; background-color: Silver">&#160;</td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Buildings and improvements</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"></font></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">66,112,845</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">86,461,353</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; background-color: Silver"><font style="font: x-small Times New Roman">Improvements to leased property</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; vertical-align: middle; background-color: Silver"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: center; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">1,478,012</font></td></tr>


<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Construction in progress</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,252,057</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,325,940</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">69,364,902</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">90,265,305</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Less accumulated depreciation</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,564,537</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">43,310,270</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 30pt; background-color: Silver"><font style="font: x-small Times New Roman">Buildings - net</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">37,800,365</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">46,955,035</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>

   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left"><font style="font: x-small Times New Roman">Fixtures and equipment and other:</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; background-color: Silver"><font style="font: x-small Times New Roman">Fixtures and equipment</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">144,545</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">144,545</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Other fixed assets</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">162,010</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">164,066</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">306,555</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">308,611</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Less accumulated depreciation</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">177,497</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">202,148</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 15pt; background-color: Silver"><font style="font: x-small Times New Roman">Fixtures and equipment and other - net</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">129,058</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">106,463</font></td></tr>

<tr style="vertical-align: bottom; background-color: White">

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;</font></td>

   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; padding-left: 45pt"><font style="font: x-small Times New Roman">Property and equipment - net</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">43,997,228</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">53,129,303</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>

   <td style="text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: White">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

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   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: White">
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="text-align: left; padding-left: 15pt">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">July 31</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td></tr>



<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Building improvements at 9 Bond Street in Brooklyn, NY</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">223,680</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">29,132</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left"><font style="font: x-small Times New Roman">Building improvements at 25 Elm Place in Brooklyn, NY</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">581,783</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">426,533</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Improvements to leased property</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">131,119</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">303,975</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="text-align: left"><font style="font: x-small Times New Roman">Building improvements at Fishkill, NY building</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,315,475</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,566,300</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">3,252,057</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,325,940</font></td></tr>

<tr style="vertical-align: bottom; background-color: White">

   <td style="white-space: nowrap; text-align: left">&#160;</td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

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   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="7" style="text-align: left"><font style="font: x-small Times New Roman">Leased property included in the Company's real estate rental operations consists of the following:</font></td> </tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left">&#160;</td>

   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td></tr></table>


<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 94%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">Estimated Useful Life</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="3" style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">October 31, 2019</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Operating lease right-of-use-assets</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Lease Terms &#8211; 7 to 54 years</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">27,104,937</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Less: Accumulated Amortization</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(</font><font style="font: x-small Times New Roman">579,094</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Operating lease right-of-use-assets</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">26,525,843</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>                                              <tr style="vertical-align: bottom">
    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td>
   <td style="white-space: nowrap; text-align: right">&#160;</td>
   <td style="white-space: nowrap; text-align: left">&#160;</td></tr>
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<table cellspacing="0" cellpadding="0" border="0" style="width: 100%">



<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">The initial recording of operating lease right-of-use assets on August 1, 2019 includes adjustments of $10,190,334, net of accumulated amortization, primarily relating to building and improvements included in a ground lease with an affiliate, principally owned by a director of the Company (&#8220;landlord&#8221;). The ground lease required the Company to construct a building during the lease period. Upon lease termination in 2029, the building and all improvements are turned over to the landlord as property owner.</font></td></tr>

<tr style="vertical-align: bottom">
   <td style="vertical-align: top; white-space: nowrap; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; white-space: nowrap; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left"><font style="font: x-small Times New Roman">Until this lease agreement with the landlord terminates in 2029, the Company remains solely responsible for the building, improvements and maintenance of the property included in this lease, and is solely entitled to tax depreciation and other tax deductions.</font></td></tr></table></div><span></span>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6762799680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accounting Records and Use of Estimates (Policies)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock', window );">Accounting Records and Use of Estimates</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 98%; text-align: left"><p><font style="font: x-small Times New Roman"><strong>Accounting Records and Use of Estimates: </strong></font></p>



   <p style="text-align: left"><font style="font: x-small Times New Roman">The accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;). The preparation of the Company&#8217;s financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. The estimates that we make include allowance for doubtful accounts, depreciation, income tax assets and liabilities, fair value of marketable securities and revenue recognition. Estimates are based on historical experience where applicable or other assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results may differ from those estimates under different assumptions or conditions.</font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">The interim financial statements are prepared pursuant to the requirements for reporting on Form 10-Q. The July 31, 2019 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. The interim financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company's latest Form 10-K Annual Report for the fiscal year ended July 31, 2019. In the opinion of management, the interim financial statements reflect all adjustments of a normal recurring nature necessary for a fair statement of the results for interim periods. The results of operations for the current period are not necessarily indicative of the results for the entire fiscal year ending July 31, 2020.</font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.</font></p></td></tr></table></div><span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock', window );">Property and Equipment</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 98%; text-align: left"><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Property and Equipment</b></font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">Property and equipment are stated at cost. Depreciation is calculated using the straight-line method and the declining-balance method. Amortization of improvements to leased property is calculated over the life of the lease. Lives used to determine depreciation and amortization are generally as follows:</font></p>
</td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; text-align: left">&#160;&#160;&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td></tr></table>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%">



<tr style="vertical-align: bottom">

   <td style="width: 98%; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Buildings and improvements</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">18-40 years</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Improvements to leased property</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3-10 years</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Fixtures and equipment</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7-12 years</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Other</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3-5 years</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>
   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;</font></td></tr>
</table>


<table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%">
<tr style="vertical-align: bottom">

   <td style="vertical-align: top; text-align: left">
   <p style="text-align: left"><font style="font: x-small Times New Roman">Maintenance, repairs, renewals and improvements of a non-permanent nature are charged to expense when incurred. Expenditures for additions and major renewals or improvements are capitalized along with the associated interest cost during construction. The cost of assets sold or retired, and the accumulated depreciation or amortization thereon are eliminated from the respective accounts in the year of disposal, and the resulting gain or loss is credited or charged to income. Capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset&#8217;s estimated useful life.</font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">The Company reviews long-lived assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recovered. At July 31, 2019 and 2018, there were no impairments of its property and equipment.</font></p></td></tr></table></div><span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredChargesPolicyTextBlock', window );">Deferred Charges</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; text-align: left"><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Deferred Charges</b></font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">Deferred charges consist principally of costs incurred in connection with the leasing of property to tenants. Such costs are amortized over the related lease periods, ranging from 1 to 21 years, using the straight-line method. If a lease is terminated early, such costs are expensed.</font></p></td></tr></table></div><span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorLeasesPolicyTextBlock', window );">Leases - Lessor Revenue</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; text-align: left"><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Leases - Lessor Revenue</b></font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">Property held for leasing in the Company&#8217;s real estate
rental operations is disclosed in Note 5. Rent is recognized from tenants under executed leases no later than on an
established date or on an earlier date if the tenant should commence conducting business. Unbilled receivables represent the
excess of scheduled rental income recognized on a straight-line basis over rental income as it becomes receivable according
to the provisions of the lease. Contingent rental income is recorded when earned and is not based on tenant revenue. The
effect of lease modifications that result in rent relief or other credits to tenants, including any retroactive effects
relating to prior periods, is recognized in the period when the lease modification is signed. At the time of the lease
modification, we assess the realizability of any accrued but unpaid rent and amounts that had been recognized as revenue in
prior periods. lf the amounts are not determined to be realizable, the accrued but unpaid rent is
written off. Accounts receivable are recognized in accordance with lease agreements at its net realizable value. Rental
payments received in advance are deferred until earned.</font></p>
<p style="text-align: left"><font style="font: x-small Times New Roman">Based upon its periodic assessment of the quality of the receivables, management uses its historical knowledge of the tenants and industry experience to determine whether a reserve or write-off is required. Management has determined that no allowance for uncollected receivables is considered necessary. The Company uses specific identification to write-off receivables to bad debt expense in the period when issues of collectability become known. Collectability issues include circumstances when a tenant indicates their intention to vacate the property without paying, or when tenant litigation or bankruptcy proceedings are not expected to result in full payment. Due to the surrender of a portion of a tenant&#8217;s space, the Company reported a bad debt expense of $118,238 for the year ended July 31, 2019. Bad debt expense was $40,292 for the three months ended October 31, 2019 as a result of an early lease termination.</font></p>
</td></tr>
</table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeLeasesPolicyTextBlock', window );">Leases - Lessee</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 98%; text-align: left"><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Leases - Lessee</b></font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The Company determines if an arrangement is a lease at inception. With the adoption of ASC 842, operating leases are included in operating lease right-of-use assets, current portion of operating lease liabilities, and long-term operating lease liabilities on the Company&#8217;s balance sheet.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">Operating lease right-of-use assets represent the Company&#8217;s right to use an underlying asset for the lease term and lease liabilities represent the Company&#8217;s obligation to make payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As the Company&#8217;s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company&#8217;s lease terms may include options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.</font></p></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxPolicyTextBlock', window );">Taxes</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 98%; text-align: left"><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Taxes</b></font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The Company has a federal net operating loss carryforward approximating $4,002,346 as of July 31, 2019 available to offset future taxable income. As of July 31, 2019, the Company had unused state and city net operating loss carryforwards of approximately $10,170,071 for state and $8,274,000 for city, available to offset future state and city taxable income. The net operating loss carryforwards will begin to expire, if not used, in 2035.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">New York State and New York City taxes are calculated using the higher of taxes based on income or the respective capital-based franchise taxes. Beginning with the Company&#8217;s tax year ended July 31, 2016, changes in the law required the state capital-based tax will be phased out over a 7-year period. New York City taxes will be based on capital for the foreseeable future. Capital-based franchise taxes are recorded to administrative and general expense. State tax amounts in excess of the capital-based franchise taxes are recorded to income tax expense. Due to both the application of the capital-based tax and due to the possible absence of city taxable income, the Company does not record city deferred taxes.</font></p></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Reclassifications', window );">Reclassification</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 98%; text-align: left"><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Reclassification:</b></font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The condensed consolidated financial statements for prior years reflect certain reclassifications to conform with classifications adopted in the three months ended October 31, 2019. These reclassifications have no effect on net income or loss as previously reported.</font></p></td></tr></table></div><span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">Recently adopted accounting standards</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 98%; text-align: left"><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Recently adopted accounting standards:</b></font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">In January 2016, the FASB issued ASU No. 2016-01 "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments, including the requirement to measure certain equity investments at fair value with changes in fair value recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017. We adopted this standard effective August 1, 2018 and recorded a cumulative effect adjustment to increase opening retained earnings at August 1, 2018 by $487,136 as required for equity investments recorded at fair value, formerly available-for-sale securities.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">In November 2016, the FASB issued ASU 2016-18, &#8220;Restricted Cash&#8221;. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning of period and end of period balances on the statement of cash flows upon adoption of this standard. ASU 2016-18 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. We adopted this standard effective August 1, 2018 with retrospective application to our consolidated financial statements.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases.&#8221; ASU 2016-02 is intended to increase transparency and comparability among organizations in accounting for leasing arrangements. This guidance establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases.</font></p></td>
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   <td style="vertical-align: top; width: 98%; text-align: left">

   <p style="text-align: left"><font style="font: x-small Times New Roman">In July 2018, the FASB issued ASU No. 2018-10, &#8220;Codification Improvements to Topic 842&#8221;, which provides amendments and clarification to ASU 2016-12 based on the FASB&#8217;s interaction with stakeholders. In July 2018, the FASB issued ASU No. 2018-11 &#8220;Leases (Topic 842): Targeted Improvements&#8221;, which amends Leases (Topic 842) to (i) add an optional transition method that would permit entities to apply the new requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the year of adoption, and (ii) provide a practical expedient for lessors regarding the separation of the lease and non-lease components of a contract. In December 2018, the FASB issued ASU No. 2018-20, &#8220;Leases (Topic 842) Narrow-Scope Improvement for Lessors,&#8221; which clarifies how to apply the leases standard when accounting for sales taxes and other similar taxes collected from lessees, certain lessor costs, and recognition of variable payments for contracts with lease and non-lease components. In March 2019, the FASB issued ASU 2019-01, &#8220;Leases (Topic 842) Codification Improvements&#8221;, which provides amendments for issues brought to the Board&#8217;s attention through its interactions with stakeholders. The issues identified are as follows. 1. Determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, 2. Presentation on the statement of cash flows-sales-type and direct financing leases, 3. Transition disclosures related to Topic 250, Accounting Changes and Error Corrections. These standards are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The new standards were adopted by the Company for the fiscal year beginning August 1, 2019. Upon adoption of Topic 842, the Company elected the following practical expedients:</font></p></td></tr></table><br />

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   <td style="width: 2%; white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">1</font>.&#160;&#160;&#160;&#160;&#160; </font></td>

   <td style="width: 98%; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">The Company applied the optional transition method of recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the initial period of adoption. Upon adoption on August 1, 2019, the Company did not have an adjustment to opening retained earnings. In transitioning to ASC 842, the Company elected to use the practical expedient package and did not elect to use hindsight.</font></td></tr>

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   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"></font></font></td>

   <td style="width: 97%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td></tr>

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   <td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">2.</font></td>

   <td style="width: 97%; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">As lessee and lessor, the Company has elected not to reassess lease classifications and all leases will continue to be classified as operating leases under the new standard.</font></td></tr></table><br />

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   <td style="vertical-align: top; width: 100%; text-align: left">

   <p style="text-align: left"><font style="font: x-small Times New Roman">As a result of the adoption of the new lease accounting guidance, the Company recognized on August 1, 2019:</font></p>

   <div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"><font style="font-size: 9.5pt; padding-right: 8pt">&#9679;</font><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">Operating lease right-of-use assets of $27.1 million.</font></font><br />&#160;</div>

   <div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"><font style="font-size: 9.5pt; padding-right: 8pt">&#9679;</font><font style="font: x-small Times New Roman">Operating leases liabilities of approximately $17.9 million, based on the net present value of remaining minimum rental payments, discounted using the Company&#8217;s incremental borrowing rate of 3.88%.</font><br />&#160;</div>

   <div style="font-size: 10pt; text-align: left; padding-left: 15pt; text-indent: -14.5pt"><font style="font-size: 9.5pt; padding-right: 8pt">&#9679;</font><font style="font: x-small Times New Roman">The initial recording of operating lease right-of-use assets of $27.1 million includes adjustments of approximately $10.2 million primarily relating to building and improvements, net of accumulated depreciation, required pursuant to a ground lease with an affiliate, principally owned by a director of the Company (&#8220;landlord&#8221;). Upon lease termination in 2029, the building and all improvements are turned over to the landlord as property owner.</font><br />&#160;</div>

   <div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"><font style="font-size: 9.5pt; padding-right: 8pt">&#9679;</font><font style="font: x-small Times New Roman">The initial operating lease liability of $17.9 million includes an adjustment of remaining accrued rent of approximately $.95 million.</font><br />&#160;</div>

   <div style="text-align: left"><font style="font: x-small Times New Roman">The Company&#8217;s lessor accounting remains similar under Topic 842 but updated to align with certain changes to the lessee model and the new revenue recognition standard (ASU 2014-09). Upon adoption of the lease standards on August 1, 2019, changes in accounting for the Company&#8217;s lease revenue as lessor were not significant.</font></div></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for deferral and amortization of significant deferred charges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for leasing arrangement entered into by lessee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918666-209980<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for leasing arrangements entered into by lessor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 3A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL117410129-209981<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Subparagraph 14<br> -URI http://asc.fasb.org/section&amp;trid=77888298<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919352-209981<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 3A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL117410129-209981<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financial Instruments and Credit Risk Concentrations (Details)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
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<div>Oct. 31, 2019 </div>
<div>USD ($) </div>
<div>tenants</div>
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<div>Jul. 31, 2019 </div>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
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<td class="nump">15.77%<span></span>
</td>
<td class="nump">13.81%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConcentrationRiskLineItems', window );"><strong>Concentration Risk [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConcentrationRiskPercentage1', window );">Concentration risk</a></td>
<td class="nump">12.25%<span></span>
</td>
<td class="nump">11.95%<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of tenants from whom rental income is derived.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr>
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<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConcentrationRiskLineItems</td>
</tr>
<tr>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 18<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e6351-108592<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=118260190&amp;loc=d3e13531-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 21<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118260190&amp;loc=d3e13537-108611<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e6404-108592<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConcentrationRiskPercentage1</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense related to estimated loss from loan and lease transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.11)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11B<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=118936363&amp;loc=SL6953423-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvisionForLoanAndLeaseLosses</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesRevenueNetMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MajorCustomersAxis=mays_CustomerTwoMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<tr>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6760420288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt - Mortgage (Narrative) (Details) - Bond St. Building Brooklyn NY Two [Member] - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jan. 09, 2015</div></th>
<th class="th"><div>Nov. 30, 2019</div></th>
<th class="th"><div>Oct. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="nump">$ 6,000,000<span></span>
</td>
<td class="nump">$ 5,255,920<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_AdditionalMortgageLoansForCapitalImprovements', window );">Additional loans</a></td>
<td class="nump">652,274<span></span>
</td>
<td class="nump">144,080<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="nump">$ 5,347,726<span></span>
</td>
<td class="nump">$ 5,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
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<td class="text">5 years<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1', window );">Amortization period of loan</a></td>
<td class="text">25 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="nump">3.54%<span></span>
</td>
<td class="nump">4.375%<span></span>
</td>
<td class="nump">4.375%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_AdditionalMortgageLoansForCapitalImprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The value for additional mortgage loan for capital improvements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_AdditionalMortgageLoansForCapitalImprovements</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td>duration</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Remaining amortization period for discount on the liability component of convertible debt which may be settled in cash upon conversion, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109500613&amp;loc=SL6031898-161870<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28551-108399<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=114775985&amp;loc=d3e28878-108400<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109500613&amp;loc=SL6036836-161870<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28551-108399<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateEffectivePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BondSt.BuildingBrooklynNYTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BondSt.BuildingBrooklynNYTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>38
<FILENAME>R40.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6635506736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Operating Leases (Schedule of rental expense) (Details)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Oct. 31, 2019 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseCost', window );">Operating lease cost</a></td>
<td class="nump">$ 749,866<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesRentExpenseSubleaseRentals1', window );">Sublease income</a></td>
<td class="nump">1,755,252<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_ExcessOfSubleaseIncomeOverRentalExpense', window );">Excess of sublease income over lease cost</a></td>
<td class="nump">$ 1,005,386<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_ExcessOfSubleaseIncomeOverRentalExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Excess of sublease income over expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_ExcessOfSubleaseIncomeOverRentalExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesRentExpenseSubleaseRentals1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of sublease rental income recognized during the period that reduces the entity's rent expense incurred under operating leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesRentExpenseSubleaseRentals1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>39
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766534288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employees' Retirement Plan (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>Retirement Benefits [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedContributionPlanCostRecognized', window );">Pension contributions</a></td>
<td class="nump">$ 101,402<span></span>
</td>
<td class="nump">$ 106,460<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MultiemployerPlanContributionsByEmployer', window );">Employer contributions</a></td>
<td class="nump">$ 17,013<span></span>
</td>
<td class="nump">$ 13,946<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MultiemployerPlanContributionRateIncreaseDecrease', window );">Minimum contribution rate</a></td>
<td class="nump">9.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CompensationAndRetirementDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CompensationAndRetirementDisclosureAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedContributionPlanCostRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cost for defined contribution plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 70<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=49170846&amp;loc=d3e28014-114942<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedContributionPlanCostRecognized</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MultiemployerPlanContributionRateIncreaseDecrease">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) in employer's contractual contribution rate to multiemployer plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 80<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65877416&amp;loc=SL14450673-114947<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 80<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65877416&amp;loc=SL14450702-114947<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MultiemployerPlanContributionRateIncreaseDecrease</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of contributions made to multiemployer plan by employer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 80<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=65877416&amp;loc=SL14450691-114947<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 80<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=65877416&amp;loc=SL14450702-114947<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 80<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (e)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=65877416&amp;loc=SL14450657-114947<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MultiemployerPlanContributionsByEmployer</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<head>
<title></title>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6774328624">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Marketable Securities (Schedule of financial assets measured at fair value on recurring basis) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Marketable securities</a></td>
<td class="nump">$ 3,603,985<span></span>
</td>
<td class="nump">$ 3,580,227<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value, Inputs, Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Marketable securities</a></td>
<td class="nump">3,603,985<span></span>
</td>
<td class="nump">3,580,227<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value, Inputs, Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Marketable securities</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value, Inputs, Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Marketable securities</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecurities</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
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<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6645634848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cash Flow Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowElementsAbstract', window );"><strong>Supplemental Cash Flow Elements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock', window );">Schedule of cash and cash equivalents and restricted cash</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 99%; text-align: left"><font style="font: x-small Times New Roman">The following is a reconciliation of the Company&#8217;s cash and cash equivalents and restricted cash to the total presented on the consolidated statement of cash flows:</font></td></tr></table>
<br />
<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">

<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td colspan="5" style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>
   <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>
   <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Cash and cash equivalents</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,993,422</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,147,991</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Restricted cash, tenant security deposits</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">810,844</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,340,188</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Restricted cash, escrow</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">71,603</font></td>
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   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">258,399</font></td></tr>
<tr style="vertical-align: bottom">
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   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td>
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   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">33,480</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock', window );">Schedule of supplemental disclosure</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">

<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Supplemental disclosure:</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
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<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>
   <td colspan="5" style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
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   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>
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<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Cash Flow Information</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
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   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">22,861</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">34,272</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
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   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left">&#160;</td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Non-cash information</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Initial recognition of operating lease right-of-use assets</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">27,104,937</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Initial recognition of operating lease liabilities</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17,863,507</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of supplemental cash flow information for the periods presented.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=SL98516268-108586<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6646517344">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Marketable Securities (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr style="vertical-align: bottom">

    <td>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 1%; text-align: left"></td>

   <td style="width: 76%; white-space: nowrap; text-align: right"></td>

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<tr style="vertical-align: bottom">

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   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31,</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">July 31,</font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="border-bottom: Black 1pt solid; text-align: center"><b><font style="font: x-small Times New Roman">Description</font></b></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Level 1</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Level 2</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Level 3</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Level 1</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">Level 2</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">Level 3</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><b><font style="font: x-small Times New Roman">Assets:</font></b></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: x-small Times New Roman">Marketable securities</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,603,985</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,603,985</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,580,227</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,580,227</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesTextBlock', window );">Schedule of classified marketable securities</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">As of October 31, 2019 and July 31, 2019, the Company's marketable securities were classified as follows:</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr></table>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">October 31, 2019</font> <font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">July 31, 2019</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Gross</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Gross</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Gross</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Gross</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unrealized</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unrealized</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Fair</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unrealized</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unrealized</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Fair</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Cost</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Gains</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Losses</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Value</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Cost</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Gains</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Losses</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Value</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="width: 1%; background-color: White">&#160;</td>
   <td style="text-align: left; width: 86%; white-space: nowrap"><font style="font: xx-small Times New Roman">Noncurrent:</font></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; white-space: nowrap"><font style="font: xx-small Times New Roman">Mutual funds</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">846,775</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">272,803</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,119,578</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">845,306</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">264,425</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,109,731</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; white-space: nowrap"><font style="font: xx-small Times New Roman">Equity securities</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">1,697,731</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">789,097</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2,421</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2,484,407</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">1,656,156</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">814,340</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2,470,496</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,544,506</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">1,061,900</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,421</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">3,603,985</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,501,462</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">1,078,765</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">3,580,227</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeTextBlock', window );">Schedule of investment income</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"><tr style="vertical-align: bottom; line-height: normal"><td style="background-color: White"></td>
   <td colspan="25" style="text-align: left"><font style="font: x-small Times New Roman">Investment income consists of the following:</font></td></tr>
<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: xx-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap">&#160;</td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="5" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Three Months Ended</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="5" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">October 31</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">2018</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: xx-small Times New Roman">Gain on sale of marketable securities</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">46,981</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">&#8211;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: xx-small Times New Roman">Interest income</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">10,278</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">13,561</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; white-space: nowrap"><font style="font: xx-small Times New Roman">Dividend income</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">7,744</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">8,874</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td>

   <td style="white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="white-space: nowrap; text-align: right; background-color: White"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left; padding-left: 15pt; white-space: nowrap"><font style="font: xx-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">65,003</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">22,435</font></td></tr></table></div><span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766630672">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accounting Records and Use of Estimates<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock', window );">Accounting Records and Use of Estimates</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; text-align: left"><p><font style="font: x-small Times New Roman"><b>1.</b></font></p></td>

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>

   <td style="vertical-align: top; width: 98%; text-align: left"><p><font style="font: x-small Times New Roman"><strong>Accounting Records and Use of Estimates: </strong></font></p>



   <p style="text-align: left"><font style="font: x-small Times New Roman">The accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;). The preparation of the Company&#8217;s financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. The estimates that we make include allowance for doubtful accounts, depreciation, income tax assets and liabilities, fair value of marketable securities and revenue recognition. Estimates are based on historical experience where applicable or other assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results may differ from those estimates under different assumptions or conditions.</font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">The interim financial statements are prepared pursuant to the requirements for reporting on Form 10-Q. The July 31, 2019 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. The interim financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company's latest Form 10-K Annual Report for the fiscal year ended July 31, 2019. In the opinion of management, the interim financial statements reflect all adjustments of a normal recurring nature necessary for a fair statement of the results for interim periods. The results of operations for the current period are not necessarily indicative of the results for the entire fiscal year ending July 31, 2020.</font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.</font></p>
<p style="text-align: left"><font style="font: x-small Times New Roman"><b>Property and Equipment</b></font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">Property and equipment are stated at cost. Depreciation is calculated using the straight-line method and the declining-balance method. Amortization of improvements to leased property is calculated over the life of the lease. Lives used to determine depreciation and amortization are generally as follows:</font></p>
</td></tr>
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   <td style="vertical-align: top; text-align: left">&#160;&#160;&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td></tr></table>

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   <td style="vertical-align: top; width: 1%; text-align: left">&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>
   <td style="width: 96%; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Buildings and improvements</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">18-40 years</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Improvements to leased property</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3-10 years</font></td></tr>

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    <td>&#160;</td>
    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Fixtures and equipment</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7-12 years</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Other</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3-5 years</font></td></tr>
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    <td><font style="font: x-small Times New Roman">&#160;</font></td>
    <td><font style="font: x-small Times New Roman">&#160;</font></td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>
   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;</font></td></tr>
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   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>
   <td style="vertical-align: top; text-align: left">
   <p style="text-align: left"><font style="font: x-small Times New Roman">Maintenance, repairs, renewals and improvements of a non-permanent nature are charged to expense when incurred. Expenditures for additions and major renewals or improvements are capitalized along with the associated interest cost during construction. The cost of assets sold or retired, and the accumulated depreciation or amortization thereon are eliminated from the respective accounts in the year of disposal, and the resulting gain or loss is credited or charged to income. Capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset&#8217;s estimated useful life.</font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">The Company reviews long-lived assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recovered. At July 31, 2019 and 2018, there were no impairments of its property and equipment.</font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman"><b>Deferred Charges</b></font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">Deferred charges consist principally of costs incurred in connection with the leasing of property to tenants. Such costs are amortized over the related lease periods, ranging from 1 to 21 years, using the straight-line method. If a lease is terminated early, such costs are expensed.</font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman"><b>Leases - Lessor Revenue</b></font></p>

<p style="text-align: left"><font style="font: x-small Times New Roman">Property held for leasing in the Company&#8217;s real estate
rental operations is disclosed in Note 5. Rent is recognized from tenants under executed leases no later than on an
established date or on an earlier date if the tenant should commence conducting business. Unbilled receivables represent the
excess of scheduled rental income recognized on a straight-line basis over rental income as it becomes receivable according
to the provisions of the lease. Contingent rental income is recorded when earned and is not based on tenant revenue. The
effect of lease modifications that result in rent relief or other credits to tenants, including any retroactive effects
relating to prior periods, is recognized in the period when the lease modification is signed. At the time of the lease
modification, we assess the realizability of any accrued but unpaid rent and amounts that had been recognized as revenue in
prior periods. lf the amounts are not determined to be realizable, the accrued but unpaid rent is
written off. Accounts receivable are recognized in accordance with lease agreements at its net realizable value. Rental
payments received in advance are deferred until earned.</font></p>
</td></tr>
<tr><td>&#160;</td><td>&#160;</td><td>&#160;</td></tr>
<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;</b></font></td>

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>

   <td style="vertical-align: top; width: 98%; text-align: left">
   <p style="text-align: left"><font style="font: x-small Times New Roman">Based upon its periodic assessment of the quality of the receivables, management uses its historical knowledge of the tenants and industry experience to determine whether a reserve or write-off is required. Management has determined that no allowance for uncollected receivables is considered necessary. The Company uses specific identification to write-off receivables to bad debt expense in the period when issues of collectability become known. Collectability issues include circumstances when a tenant indicates their intention to vacate the property without paying, or when tenant litigation or bankruptcy proceedings are not expected to result in full payment. Due to the surrender of a portion of a tenant&#8217;s space, the Company reported a bad debt expense of $118,238 for the year ended July 31, 2019. Bad debt expense was $40,292 for the three months ended October 31, 2019 as a result of an early lease termination.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman"><b>Leases - Lessee</b></font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The Company determines if an arrangement is a lease at inception. With the adoption of ASC 842, operating leases are included in operating lease right-of-use assets, current portion of operating lease liabilities, and long-term operating lease liabilities on the Company&#8217;s balance sheet.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">Operating lease right-of-use assets represent the Company&#8217;s right to use an underlying asset for the lease term and lease liabilities represent the Company&#8217;s obligation to make payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As the Company&#8217;s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company&#8217;s lease terms may include options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.</font></p>



   <p style="text-align: left"><font style="font: x-small Times New Roman"><b>Taxes</b></font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year and future periods, projections of the proportion of income (or loss), and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. To the extent the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The Company has a federal net operating loss carryforward approximating $4,002,346 as of July 31, 2019 available to offset future taxable income. As of July 31, 2019, the Company had unused state and city net operating loss carryforwards of approximately $10,170,071 for state and $8,274,000 for city, available to offset future state and city taxable income. The net operating loss carryforwards will begin to expire, if not used, in 2035.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">New York State and New York City taxes are calculated using the higher of taxes based on income or the respective capital-based franchise taxes. Beginning with the Company&#8217;s tax year ended July 31, 2016, changes in the law required the state capital-based tax will be phased out over a 7-year period. New York City taxes will be based on capital for the foreseeable future. Capital-based franchise taxes are recorded to administrative and general expense. State tax amounts in excess of the capital-based franchise taxes are recorded to income tax expense. Due to both the application of the capital-based tax and due to the possible absence of city taxable income, the Company does not record city deferred taxes.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman"><b>Reclassification:</b></font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The condensed consolidated financial statements for prior years reflect certain reclassifications to conform with classifications adopted in the three months ended October 31, 2019. These reclassifications have no effect on net income or loss as previously reported.</font></p>

</td></tr></table>


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<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;</b></font></td>

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>

   <td style="vertical-align: top; width: 98%; text-align: left">

   <p style="text-align: left"><font style="font: x-small Times New Roman"><b>Recently adopted accounting standards:</b></font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">In January 2016, the FASB issued ASU No. 2016-01 "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments, including the requirement to measure certain equity investments at fair value with changes in fair value recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017. We adopted this standard effective August 1, 2018 and recorded a cumulative effect adjustment to increase opening retained earnings at August 1, 2018 by $487,136 as required for equity investments recorded at fair value, formerly available-for-sale securities.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">In November 2016, the FASB issued ASU 2016-18, &#8220;Restricted Cash&#8221;. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning of period and end of period balances on the statement of cash flows upon adoption of this standard. ASU 2016-18 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. We adopted this standard effective August 1, 2018 with retrospective application to our consolidated financial statements.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases.&#8221; ASU 2016-02 is intended to increase transparency and comparability among organizations in accounting for leasing arrangements. This guidance establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases.</font></p>

   </td></tr></table>


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   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;</b></font></td>

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>

   <td style="vertical-align: top; width: 98%; text-align: left">

   <p style="text-align: left"><font style="font: x-small Times New Roman">In July 2018, the FASB issued ASU No. 2018-10, &#8220;Codification Improvements to Topic 842&#8221;, which provides amendments and clarification to ASU 2016-12 based on the FASB&#8217;s interaction with stakeholders. In July 2018, the FASB issued ASU No. 2018-11 &#8220;Leases (Topic 842): Targeted Improvements&#8221;, which amends Leases (Topic 842) to (i) add an optional transition method that would permit entities to apply the new requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the year of adoption, and (ii) provide a practical expedient for lessors regarding the separation of the lease and non-lease components of a contract. In December 2018, the FASB issued ASU No. 2018-20, &#8220;Leases (Topic 842) Narrow-Scope Improvement for Lessors,&#8221; which clarifies how to apply the leases standard when accounting for sales taxes and other similar taxes collected from lessees, certain lessor costs, and recognition of variable payments for contracts with lease and non-lease components. In March 2019, the FASB issued ASU 2019-01, &#8220;Leases (Topic 842) Codification Improvements&#8221;, which provides amendments for issues brought to the Board&#8217;s attention through its interactions with stakeholders. The issues identified are as follows. 1. Determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, 2. Presentation on the statement of cash flows-sales-type and direct financing leases, 3. Transition disclosures related to Topic 250, Accounting Changes and Error Corrections. These standards are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.</font></p>

   <p style="text-align: left"><font style="font: x-small Times New Roman">The new standards were adopted by the Company for the fiscal year beginning August 1, 2019. Upon adoption of Topic 842, the Company elected the following practical expedients:</font></p></td></tr></table><br />

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<tr style="vertical-align: bottom">

   <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">1</font>.&#160;&#160;&#160;&#160;&#160; </font></td>

   <td style="width: 97%; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">The Company applied the optional transition method of recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the initial period of adoption. Upon adoption on August 1, 2019, the Company did not have an adjustment to opening retained earnings. In transitioning to ASC 842, the Company elected to use the practical expedient package and did not elect to use hindsight.</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><b></b></font></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"></font></font></td>

   <td style="width: 97%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">2.</font></td>

   <td style="width: 97%; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">As lessee and lessor, the Company has elected not to reassess lease classifications and all leases will continue to be classified as operating leases under the new standard.</font></td></tr></table><br />

<table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%">



<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;</b></font></td>

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>

   <td style="vertical-align: top; width: 98%; text-align: left">

   <p style="text-align: left"><font style="font: x-small Times New Roman">As a result of the adoption of the new lease accounting guidance, the Company recognized on August 1, 2019:</font></p>

   <div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"><font style="font-size: 9.5pt; padding-right: 8pt">&#9679;</font><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">Operating lease right-of-use assets of $27.1 million.</font></font><br />&#160;</div>

   <div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"><font style="font-size: 9.5pt; padding-right: 8pt">&#9679;</font><font style="font: x-small Times New Roman">Operating leases liabilities of approximately $17.9 million, based on the net present value of remaining minimum rental payments, discounted using the Company&#8217;s incremental borrowing rate of 3.88%.</font><br />&#160;</div>

   <div style="font-size: 10pt; text-align: left; padding-left: 15pt; text-indent: -14.5pt"><font style="font-size: 9.5pt; padding-right: 8pt">&#9679;</font><font style="font: x-small Times New Roman">The initial recording of operating lease right-of-use assets of $27.1 million includes adjustments of approximately $10.2 million primarily relating to building and improvements, net of accumulated depreciation, required pursuant to a ground lease with an affiliate, principally owned by a director of the Company (&#8220;landlord&#8221;). Upon lease termination in 2029, the building and all improvements are turned over to the landlord as property owner.</font><br />&#160;</div>

   <div style="font-size: 10pt; text-align: justify; padding-left: 15pt; text-indent: -14.5pt"><font style="font-size: 9.5pt; padding-right: 8pt">&#9679;</font><font style="font: x-small Times New Roman">The initial operating lease liability of $17.9 million includes an adjustment of remaining accrued rent of approximately $.95 million.</font><br />&#160;</div>

   <div style="text-align: left"><font style="font: x-small Times New Roman">The Company&#8217;s lessor accounting remains similar under Topic 842 but updated to align with certain changes to the lessee model and the new revenue recognition standard (ASU 2014-09). Upon adoption of the lease standards on August 1, 2019, changes in accounting for the Company&#8217;s lease revenue as lessor were not significant.</font></div></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -URI http://asc.fasb.org/topic&amp;trid=2122149<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -URI http://asc.fasb.org/topic&amp;trid=2197479<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6762706128">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
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<td class="nump">5,000,000<span></span>
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<td class="nump">5,000,000<span></span>
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<td class="nump">2,178,297<span></span>
</td>
<td class="nump">2,178,297<span></span>
</td>
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<tr class="ro">
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<td class="nump">162,517<span></span>
</td>
<td class="nump">162,517<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29,30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6757028432">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Marketable Securities (Schedule of classified marketable securities) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesLineItems', window );"><strong>Marketable Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">$ 3,603,985<span></span>
</td>
<td class="nump">$ 3,580,227<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mays_NoncurrentMember', window );">Noncurrent [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesLineItems', window );"><strong>Marketable Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">3,603,985<span></span>
</td>
<td class="nump">3,580,227<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross Unrealized Gains</a></td>
<td class="nump">1,061,900<span></span>
</td>
<td class="nump">1,078,765<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross Unrealized Losses</a></td>
<td class="nump">2,421<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Cost</a></td>
<td class="nump">2,544,506<span></span>
</td>
<td class="nump">2,501,462<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mays_NoncurrentMember', window );">Noncurrent [Member] | Mutual Funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesLineItems', window );"><strong>Marketable Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">1,119,578<span></span>
</td>
<td class="nump">1,109,731<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross Unrealized Gains</a></td>
<td class="nump">272,803<span></span>
</td>
<td class="nump">264,425<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross Unrealized Losses</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Cost</a></td>
<td class="nump">846,775<span></span>
</td>
<td class="nump">845,306<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mays_NoncurrentMember', window );">Noncurrent [Member] | Corporate Equity Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesLineItems', window );"><strong>Marketable Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">2,484,407<span></span>
</td>
<td class="nump">2,470,496<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross Unrealized Gains</a></td>
<td class="nump">789,097<span></span>
</td>
<td class="nump">814,340<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross Unrealized Losses</a></td>
<td class="nump">2,421<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Cost</a></td>
<td class="nump">$ 1,697,731<span></span>
</td>
<td class="nump">$ 1,656,156<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecuritiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketableSecuritiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=mays_NoncurrentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=mays_NoncurrentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_MutualFundMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_MutualFundMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>46
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6609548896">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Property and Equipment (Schedule of Leased Property real estate Rental Operations Consists) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OperatingLeaseRightOfUseAssetGross', window );">Operating lease right-of-use-assets</a></td>
<td class="nump">$ 27,104,937<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets', window );">Less: Accumulated Amortization</a></td>
<td class="num">(579,094)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Operating lease right-of-use-assets</a></td>
<td class="nump">$ 26,525,843<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseTermOfContract', window );">Estimated useful life lease terms</a></td>
<td class="text">7 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseTermOfContract', window );">Estimated useful life lease terms</a></td>
<td class="text">54 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Less: Accumulated Amortization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_AccumulatedDepreciationDepletionAndAmortizationOperatingLeaseRightOfUseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_OperatingLeaseRightOfUseAssetGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial recognition of operating lease right-of-use assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_OperatingLeaseRightOfUseAssetGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseTermOfContract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918673-209980<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6620049776">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Operating Leases (Schedule of Revenues by Lease and Non-Lease Components) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OperatingLeaseBaseLeaseRentFixed', window );">Base rent - fixed</a></td>
<td class="nump">$ 4,536,099<span></span>
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<td class="nump">$ 4,698,885<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OperatingLeaseReimbursementsOfCommonAreaCosts', window );">Reimbursements of Common Area Costs</a></td>
<td class="nump">149,660<span></span>
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<td class="nump">164,588<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseVariableLeaseIncome', window );">Non-lease components (real estate taxes)</a></td>
<td class="nump">350,156<span></span>
</td>
<td class="nump">297,699<span></span>
</td>
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<tr class="reu">
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<td class="nump">$ 5,035,915<span></span>
</td>
<td class="nump">$ 5,161,172<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Base rent - fixed.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reimbursements of Common Area Costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919372-209981<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=77888421&amp;loc=SL77919311-209978<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 270<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6A<br> -URI http://asc.fasb.org/extlink&amp;oid=118952077&amp;loc=SL77927221-108306<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLeaseIncome</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating lease income from variable lease payments paid and payable to lessor, excluding amount included in measurement of lease receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 270<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6A<br> -URI http://asc.fasb.org/extlink&amp;oid=118952077&amp;loc=SL77927221-108306<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919372-209981<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6639804080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Common Stock<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteAbstract', window );"><strong>Stockholders' Equity Note [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock', window );">Common Stock</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>11.</b></font></td>
   <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>Common Stock:</b></font></td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b></b></font></td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="vertical-align: top; width: 99%; text-align: left"><font style="font: x-small Times New Roman">The Company has one class of common stock with identical voting rights and rights to liquidation.</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -URI http://asc.fasb.org/topic&amp;trid=2208762<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766644848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Operating Leases<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesOfLesseeDisclosureTextBlock', window );">Operating Leases</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>7.</b></font></td>
   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman"><b>Operating Leases</b></font></td></tr></table>

   <p style="text-align: left; text-indent: 30pt"><font style="font: x-small Times New Roman"><b>Lessor</b></font></p>

<p style="text-align: left; margin-left: 30pt"><font style="font: x-small Times New Roman">The Company leases office and retail space to tenants under operating leases in commercial buildings. The rental terms range from approximately 5 to 49 years. The leases provide for the payment of fixed base rent payable monthly in advance as well as reimbursements of real estate taxes and common area costs. The Company has elected to account for lease revenues and the reimbursements of common area costs as a single component included as rental income in our condensed consolidated statements of operations and retained earnings.</font></p>

<p style="text-align: left; text-indent: 30pt"><font style="font: x-small Times New Roman">The following table disaggregates the Company's revenues by lease and non-lease components:</font></p>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="5" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Three Months Ended</font> <font style="font: x-small Times New Roman">October</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>



   <td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="width: 1%; background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left; width: 93%"><font style="font: x-small Times New Roman">Base rent - fixed</font></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"><font style="font: x-small Times New Roman">4,536,099</font></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"><font style="font: x-small Times New Roman">4,698,885</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Reimbursements of common area costs</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">149,660</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">164,588</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Non-lease components (real estate taxes)</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">350,156</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">297,699</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Rental income</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">5,035,915</font></td>

   <td style="white-space: nowrap; text-align: right">&#160;</td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">5,161,172</font></td></tr></table>

<p style="text-align: left; text-indent: 30pt"><font style="font: x-small Times New Roman">Future minimum non-cancelable rental income for leases with initial or remaining terms of one year or more </font><font style="font: x-small Times New Roman">is as follows:</font></p>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 91%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Under ASC 842</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="8" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">As of October 31, 2019</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Company</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Leased</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fiscal Year</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Owned Property</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Property</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">For the remainder of 2020</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7,529,034</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">4,590,212</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">12,119,246</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2021</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,521,380</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,009,044</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14,530,424</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2022</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7,878,165</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">4,039,069</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">11,917,234</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2023</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,399,288</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,270,666</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,669,954</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2024</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">6,483,940</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,987,050</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">9,470,990</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2025</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,727,830</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,409,346</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,137,176</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">After 2025</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">44,904,996</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">12,433,194</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">57,338,190</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">91,444,633</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">34,738,581</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">126,183,214</font></td></tr></table>

<br />

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="width: 91%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Under ASC 840</font> <font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="8" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">As of July 31, 2019</font> <font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Company</font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Leased</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fiscal Year</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Owned Property</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Property</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2020</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">10,038,712</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">6,120,283</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">16,158,995</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2021</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,521,380</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,009,044</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14,530,424</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2022</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7,878,165</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">4,039,069</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">11,917,234</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2023</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,399,288</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,270,666</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,669,954</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2024</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">6,483,940</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,987,050</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">9,470,990</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">After 2024</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">52,632,826</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14,842,540</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">67,475,366</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: justify; padding-left: 15pt; background-color: Silver"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">93,954,311</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">36,268,652</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: justify; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">130,222,963</font></td></tr></table>

<br />



<table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; border-collapse: collapse; width: 100%"><tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left">

   <p style="text-align: left"><font style="font: x-small Times New Roman"><b>Lessee</b></font></p>
   <font style="font: x-small Times New Roman">The Company&#8217;s real estate operations include leased properties under long-term, non-cancelable operating lease agreements. The leases expire at various dates through 2073, including options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. Certain leases provide for increases in future minimum annual rental payments as defined in the lease agreements.</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Operating lease costs for leased real property was exceeded by sublease rental income from the Company&#8217;s real estate operations as follows:</font></td></tr>

</table><br />
<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="width: 100%; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"></td>

   <td colspan="2" style="width: 1%; white-space: nowrap; text-align: center; vertical-align: middle"><font style="font: x-small Times New Roman">Three Months Ended</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">October 31, 2019</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Operating lease cost</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">749,866</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Sublease income</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,755,252</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Excess of sublease income over lease cost</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,005,386</font></td></tr></table>


<p style="text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">The following is a maturity analysis of the annual undiscounted cash flows of the operating lease liabilities as of October 31, 2019:</font></p>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom; background-color: Silver">

    <td style="width: 1%; background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 95%; text-align: left"><font style="font: x-small Times New Roman">October 31, 2020</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,896,768</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">October 31, 2021</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,976,288</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">October 31, 2022</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,058,457</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">October 31, 2023</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,072,707</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">October 31, 2024</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,087,467</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Thereafter</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">11,800,909</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Total undiscounted cash flows</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">21,892,596</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Less: present value discount</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(4,331,420</font></td>

   <td style="white-space: nowrap; text-align: left; padding-bottom: 1pt"><font style="font: x-small Times New Roman">)</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Total Lease Liabilities</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">17,561,176</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>



<tr style="vertical-align: bottom">
    <td>&#160;</td>
   <td style="text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: right; background-color: Silver">&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver">&#160;</td></tr>
<tr style="vertical-align: bottom">

    <td style="width: 1%; background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 95%; text-align: left"><font style="font: x-small Times New Roman">Other information:</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: right"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Operating cash flows from operating leases</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">473,105</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Weighted-average remaining lease term &#8211; operating leases</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11.48 years</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Weighted-average discount rate &#8211; operating leases</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">3.88%</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td></tr>

</table>


<p style="text-align: left; margin-left: 30pt"><font style="font: x-small Times New Roman">The following tables represents future minimum lease payments under noncancelable operating leases at July 31, 2019 as presented in the Company&#8217;s Annual Report on Form 10K:</font></p>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%">



<tr style="vertical-align: bottom">

    <td>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 97%; white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Operating</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Fiscal Year</font></td>

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Leases</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2020</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">1,897,318</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2021</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,941,494</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2022</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,057,814</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2023</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,072,000</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2024</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,086,697</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">After 2024</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">11,701,293</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Total required*</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: justify; background-color: Silver; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: center; background-color: Silver; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">21,756,616</font></td></tr></table><br />
   <table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%">

<tr style="vertical-align: bottom">

    <td style="vertical-align: top; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
    <td style="padding-right: 8pt; vertical-align: top; text-align: left"><font style="font: x-small Times New Roman">*</font></td>
   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">Minimum payments have not been reduced by minimum sublease rentals of $36,268,652 under operating leases due in the future under non-cancelable leases.</font></td>

  </tr></table>

<p style="text-align: left"><font style="font: x-small Times New Roman">Rent payments related to an affiliate principally owned by a director of the Company totaled $246,812 for the three months ended October 31, 2019 and 2018. The rental payments are for two leases which expire May 31, 2029 and April 30, 2031, respectively.</font></p></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesOfLesseeDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -URI http://asc.fasb.org/topic&amp;trid=2208923<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesOfLesseeDisclosureTextBlock</td>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6765413712">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Operating Leases (Schedule of Future Minimum Non-Cancelable Rental Income) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorLeaseDescriptionLineItems', window );"><strong>Lessor, Lease, Description [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths', window );">2020</a></td>
<td class="nump">$ 12,119,246<span></span>
</td>
<td class="nump">$ 16,158,995<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears', window );">2021</a></td>
<td class="nump">14,530,424<span></span>
</td>
<td class="nump">14,530,424<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears', window );">2022</a></td>
<td class="nump">11,917,234<span></span>
</td>
<td class="nump">11,917,234<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears', window );">2023</a></td>
<td class="nump">10,669,954<span></span>
</td>
<td class="nump">10,669,954<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears', window );">2024</a></td>
<td class="nump">9,470,990<span></span>
</td>
<td class="nump">9,470,990<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_LessorOperatingLeasePaymentsToBeReceivedSixYears', window );">2025</a></td>
<td class="nump">10,137,176<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter', window );">After 2024 and 2025</a></td>
<td class="nump">57,338,190<span></span>
</td>
<td class="nump">67,475,366<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceived', window );">Total</a></td>
<td class="nump">126,183,214<span></span>
</td>
<td class="nump">130,222,963<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=mays_CompanyOwnedPropertyMember', window );">Company Owned Property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorLeaseDescriptionLineItems', window );"><strong>Lessor, Lease, Description [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths', window );">2020</a></td>
<td class="nump">7,529,034<span></span>
</td>
<td class="nump">10,038,712<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears', window );">2021</a></td>
<td class="nump">9,521,380<span></span>
</td>
<td class="nump">9,521,380<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears', window );">2022</a></td>
<td class="nump">7,878,165<span></span>
</td>
<td class="nump">7,878,165<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears', window );">2023</a></td>
<td class="nump">7,399,288<span></span>
</td>
<td class="nump">7,399,288<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears', window );">2024</a></td>
<td class="nump">6,483,940<span></span>
</td>
<td class="nump">6,483,940<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_LessorOperatingLeasePaymentsToBeReceivedSixYears', window );">2025</a></td>
<td class="nump">7,727,830<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter', window );">After 2024 and 2025</a></td>
<td class="nump">44,904,996<span></span>
</td>
<td class="nump">52,632,826<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceived', window );">Total</a></td>
<td class="nump">91,444,633<span></span>
</td>
<td class="nump">93,954,311<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=mays_LeasedPropertyMember', window );">Leased Property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorLeaseDescriptionLineItems', window );"><strong>Lessor, Lease, Description [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths', window );">2020</a></td>
<td class="nump">4,590,212<span></span>
</td>
<td class="nump">6,120,283<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears', window );">2021</a></td>
<td class="nump">5,009,044<span></span>
</td>
<td class="nump">5,009,044<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears', window );">2022</a></td>
<td class="nump">4,039,069<span></span>
</td>
<td class="nump">4,039,069<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears', window );">2023</a></td>
<td class="nump">3,270,666<span></span>
</td>
<td class="nump">3,270,666<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears', window );">2024</a></td>
<td class="nump">2,987,050<span></span>
</td>
<td class="nump">2,987,050<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_LessorOperatingLeasePaymentsToBeReceivedSixYears', window );">2025</a></td>
<td class="nump">2,409,346<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter', window );">After 2024 and 2025</a></td>
<td class="nump">12,433,194<span></span>
</td>
<td class="nump">14,842,540<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceived', window );">Total</a></td>
<td class="nump">$ 34,738,581<span></span>
</td>
<td class="nump">$ 36,268,652<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_LessorOperatingLeasePaymentsToBeReceivedSixYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease payments to be received by lessor in sixth fiscal year following latest fiscal year for operating lease. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_LessorOperatingLeasePaymentsToBeReceivedSixYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorLeaseDescriptionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorLeaseDescriptionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorOperatingLeasePaymentsToBeReceived">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease payments to be received by lessor for operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919396-209981<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorOperatingLeasePaymentsToBeReceived</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease payments to be received by lessor in fifth fiscal year following latest fiscal year for operating lease. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919396-209981<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease payments to be received by lessor in fourth year following latest fiscal year for operating lease. Excludes interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919396-209981<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease payments to be received by lessor in next fiscal year following latest fiscal year for operating lease. Excludes interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919396-209981<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease payments to be received by lessor after fifth fiscal year following latest statement of financial position date for operating lease. Excludes interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919396-209981<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease payments to be received by lessor in third fiscal year following latest fiscal year for operating lease. Excludes interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919396-209981<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lease payments to be received by lessor in second fiscal year following latest fiscal year for operating lease. Excludes interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919396-209981<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=mays_CompanyOwnedPropertyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=mays_CompanyOwnedPropertyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=mays_LeasedPropertyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=mays_LeasedPropertyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<head>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6634135152">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Marketable Securities (Schedule of investment income) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract', window );"><strong>Investments, Debt and Equity Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesGainLoss', window );">Gain on sale of marketable securities</a></td>
<td class="nump">$ 46,981<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">10,278<span></span>
</td>
<td class="nump">13,561<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeDividend', window );">Dividend income</a></td>
<td class="nump">7,744<span></span>
</td>
<td class="nump">8,874<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeNet', window );">Total</a></td>
<td class="nump">$ 65,003<span></span>
</td>
<td class="nump">$ 22,435<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeDividend">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of dividend income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeDividend</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(a),(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeNet</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized and realized gain (loss) on investment in marketable security, including other-than-temporary impairment (OTTI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6774176912">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt - Mortgage (Schedule of long-term debt) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Nov. 30, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
<th class="th"><div>Jan. 09, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFinanceCostsNetAbstract', window );"><strong>Less: Deferred financing costs</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesAndLoans', window );">Due After One Year, Total</a></td>
<td class="nump">$ 4,471,454<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mays_BondSt.BuildingBrooklynNYTwoMember', window );">Bond St. Building Brooklyn NY Two [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentsAbstract', window );"><strong>Mortgage:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_DebtInstrumentCarryingAmountCurrentPortion', window );">Due Within One Year</a></td>
<td class="nump">777,736<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,298,610<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_DebtInstrumentCarryingAmountNoncurrentPortion', window );">Due After One Year</a></td>
<td class="nump">4,478,184<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFinanceCostsNetAbstract', window );"><strong>Less: Deferred financing costs</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFinanceCostsCurrentNet', window );">Due Within One Year</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11,448<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFinanceCostsNoncurrentNet', window );">Due After One Year</a></td>
<td class="nump">6,730<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesAndLoansPayableCurrent', window );">Due Within One Year, Total</a></td>
<td class="nump">777,736<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,287,162<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesAndLoans', window );">Due After One Year, Total</a></td>
<td class="nump">$ 4,471,454<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage', window );">Current Annual Interest Rate</a></td>
<td class="nump">4.375%<span></span>
</td>
<td class="nump">4.375%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.54%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentMaturityDate', window );">Final Payment Date</a></td>
<td class="text">Dec.  01,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument Carrying Amount, Current Portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_DebtInstrumentCarryingAmountCurrentPortion</td>
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<td>instant</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument Carrying Amount, Noncurrent Portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109500613&amp;loc=SL6036836-161870<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28551-108399<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateEffectivePercentage</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentMaturityDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentMaturityDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentsAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredFinanceCostsCurrentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of debt issuance costs classified as current. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28555-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFinanceCostsCurrentNet</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFinanceCostsNetAbstract</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of debt issuance costs classified as noncurrent. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28555-108399<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFinanceCostsNoncurrentNet</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermNotesAndLoans</td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of the portions of all long-term notes and loans payable due within one year or the operating cycle if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766630672">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cash Flow Information<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
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<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>10.</b></font></td>
   <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>Cash Flow Information:</b></font></td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b></b></font></td></tr>
<tr style="vertical-align: bottom">
   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="vertical-align: top; width: 99%; text-align: left"><font style="font: x-small Times New Roman">For purposes of reporting cash flows, the Company considers cash equivalents to consist of short-term highly liquid investments with maturities of three (3) months or less, which are readily convertible into cash. The following is a reconciliation of the Company&#8217;s cash and cash equivalents and restricted cash to the total presented on the consolidated statement of cash flows:</font></td></tr></table>
<br />
<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">

<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td colspan="5" style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>
   <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>
   <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Cash and cash equivalents</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,993,422</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,147,991</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Restricted cash, tenant security deposits</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">810,844</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,340,188</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Restricted cash, escrow</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">71,603</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">258,399</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Restricted cash, other</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">27,840</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">33,480</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>
   <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,903,709</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>
   <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,780,058</font></td></tr></table><br />
<table cellspacing="0" cellpadding="0" border="0" style="width: 100%">

<tr style="vertical-align: bottom">
   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="vertical-align: top; width: 99%; text-align: left"><font style="font: x-small Times New Roman">Amounts in restricted cash primarily consist of cash held in bank accounts for tenant security deposits, amounts set aside in accordance with certain loan agreements, and security deposits with landlords and utility companies.</font></td></tr></table><br />
<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">

<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Supplemental disclosure:</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td colspan="5" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months Ended</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>
   <td colspan="5" style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">October 31</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2019</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>
   <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Cash Flow Information</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 93%; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Interest paid, net of capitalized interest of $26,456 (2019) and $15,067 (2018)</font></td>
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   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">22,861</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">34,272</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
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   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left">&#160;</td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Non-cash information</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="background-color: #c0c0c0; width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Initial recognition of operating lease right-of-use assets</font></td>
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   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">27,104,937</font></td>
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   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td>
   <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr>
<tr style="vertical-align: bottom">
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 93%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Initial recognition of operating lease liabilities</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>
   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>
   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17,863,507</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -URI http://asc.fasb.org/topic&amp;trid=2134446<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6608256688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt - Mortgage<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
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<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>6.</b></font></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman"><b>Long-Term Debt &#8211; Mortgage:</b></font></td></tr>

<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 100%; text-align: left"></td></tr></table>


<table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse">



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   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 100%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

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   <td colspan="5" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">October 31, 2019</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="5" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">July 31, 2019</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Current</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

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   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

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   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"></td>

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   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Annual</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Final</font></td>

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   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Due</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Due</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Due</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Due</font></td></tr>

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   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"></td>

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   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Interest</font></td>

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   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Within</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">After</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Within</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">After</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Rate</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Date</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">One Year</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;<font style="font: x-small Times New Roman"></font></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">One Year</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">One Year</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">One Year</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Bond St. building, Brooklyn, NY</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4.375</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">12/1/2024</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">777,736</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,478,184</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,298,610</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#8211;</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Less: Deferred financing costs</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">&#8211;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">6,730</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">11,448</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">&#8211;</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">777,736</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,471,454</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">5,287,162</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">&#8211;</font></td></tr>

<tr style="vertical-align: bottom">

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: White"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 100%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td></tr></table>


<table cellspacing="0" cellpadding="0" border="0" style="width: 100%">



<tr style="vertical-align: bottom">

   <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;</b></font></td>

   <td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">On January 9, 2015, the Company refinanced its
   loan with a bank for $6,000,000, which included the outstanding balance as of January 2015 in the amount of $5,347,726 and an
   additional borrowing of $652,274. The loan is for a period of five years with a payment based on a twenty-five year
   amortization period. The interest rate for this period is fixed at 3.54% per annum. The mortgage loan is secured by the Nine
   Bond Street building in Brooklyn, New York. In November 2019, the Company refinanced this loan for $5,255,920 plus an
   additional $144,080 for a total of $5,400,000. The interest rate will be 4.375% per annum for a period of five years. The
   loan will be self-liquidating over a period of five years.</font></td></tr></table></div><span></span>
</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
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<td>xbrli:stringItemType</td>
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<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageNotesPayableDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for mortgage notes payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageNotesPayableDisclosureTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>nonnum:textBlockItemType</td>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6766566640">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Operating Leases (Schedule of Undiscounted Cash Flows Operating Lease Liabilities) (Details)<br></strong></div></th>
<th class="th">
<div>Oct. 31, 2019 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths', window );">October 31, 2020</a></td>
<td class="nump">$ 1,896,768<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo', window );">October 31, 2021</a></td>
<td class="nump">1,976,288<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree', window );">October 31, 2022</a></td>
<td class="nump">2,058,457<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour', window );">October 31, 2023</a></td>
<td class="nump">2,072,707<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive', window );">October 31, 2024</a></td>
<td class="nump">2,087,467<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive', window );">Thereafter</a></td>
<td class="nump">11,800,909<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue', window );">Total undiscounted cash flows</a></td>
<td class="nump">21,892,596<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount', window );">Less: present value discount</a></td>
<td class="num">(4,331,420)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Total Lease Liabilities</a></td>
<td class="nump">$ 17,561,176<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due after fifth fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in next fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fifth fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fourth fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<head>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6765841616">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cash Flow Information (Schedule of cash and cash equivalents and restricted cash) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
<th class="th"><div>Jul. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowElementsAbstract', window );"><strong>Supplemental Cash Flow Elements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 4,993,422<span></span>
</td>
<td class="nump">$ 4,117,647<span></span>
</td>
<td class="nump">$ 6,147,991<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_RestrictedCashTenantSecurityDeposits', window );">Restricted cash, tenant security deposits</a></td>
<td class="nump">810,844<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,340,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EscrowDeposit', window );">Restricted cash, escrow</a></td>
<td class="nump">71,603<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">258,399<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_RestrictedCashOther', window );">Restricted cash, other</a></td>
<td class="nump">27,840<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">33,480<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Cash flow information</a></td>
<td class="nump">$ 5,903,709<span></span>
</td>
<td class="nump">$ 5,263,724<span></span>
</td>
<td class="nump">$ 7,780,058<span></span>
</td>
<td class="nump">$ 6,879,623<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_RestrictedCashOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Restricted cash, other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_RestrictedCashOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_RestrictedCashTenantSecurityDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Restricted cash relating to tenant security deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_RestrictedCashTenantSecurityDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=SL98516268-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EscrowDeposit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EscrowDeposit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SupplementalCashFlowElementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6606432304">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Operating Leases (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLeaseIncomeTableTextBlock', window );">Schedule of Revenues by Lease and non-lease components</a></td>
<td class="text"><div><p style="text-align: left; text-indent: 30pt"><font style="font: x-small Times New Roman">The following table disaggregates the Company's revenues by lease and non-lease components:</font></p>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td colspan="5" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Three Months Ended</font> <font style="font: x-small Times New Roman">October</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2019</font></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>



   <td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="width: 1%; background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left; width: 93%"><font style="font: x-small Times New Roman">Base rent - fixed</font></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"><font style="font: x-small Times New Roman">4,536,099</font></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; width: 1%"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; width: 1%"><font style="font: x-small Times New Roman">4,698,885</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Reimbursements of common area costs</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">149,660</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">164,588</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Non-lease components (real estate taxes)</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">350,156</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">297,699</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Rental income</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">5,035,915</font></td>

   <td style="white-space: nowrap; text-align: right">&#160;</td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">5,161,172</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock', window );">Schedule of Future Minimum Non-Cancelable Rental Income</a></td>
<td class="text"><div><p style="text-align: left; text-indent: 30pt"><font style="font: x-small Times New Roman">Future minimum non-cancelable rental income for leases with initial or remaining terms of one year or more </font><font style="font: x-small Times New Roman">is as follows:</font></p>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 91%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Under ASC 842</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="8" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">As of October 31, 2019</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Company</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Leased</font></td>

   <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fiscal Year</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Owned Property</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Property</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">For the remainder of 2020</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7,529,034</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">4,590,212</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">12,119,246</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2021</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,521,380</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,009,044</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14,530,424</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2022</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7,878,165</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">4,039,069</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">11,917,234</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2023</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,399,288</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,270,666</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,669,954</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2024</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">6,483,940</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,987,050</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">9,470,990</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2025</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,727,830</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,409,346</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,137,176</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">After 2025</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">44,904,996</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">12,433,194</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">57,338,190</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">91,444,633</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">34,738,581</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">126,183,214</font></td></tr></table>

<br />

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="width: 91%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Under ASC 840</font> <font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="8" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">As of July 31, 2019</font> <font style="font: x-small Times New Roman"></font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Company</font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Leased</font></td>

   <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: center"></td>

   <td style="white-space: nowrap; text-align: center"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fiscal Year</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Owned Property</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Property</font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2020</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">10,038,712</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">6,120,283</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">16,158,995</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2021</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,521,380</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,009,044</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14,530,424</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2022</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7,878,165</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">4,039,069</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">11,917,234</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2023</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,399,288</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,270,666</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,669,954</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2024</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">6,483,940</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,987,050</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">9,470,990</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">After 2024</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">52,632,826</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14,842,540</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">67,475,366</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: justify; padding-left: 15pt; background-color: Silver"><font style="font: x-small Times New Roman">Total</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">93,954,311</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">36,268,652</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: justify; background-color: Silver"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">130,222,963</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock', window );">Schedule of rental expense</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; border-collapse: collapse; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 100%; text-align: left"><font style="font: x-small Times New Roman">Operating lease costs for leased real property was exceeded by sublease rental income from the Company&#8217;s real estate operations as follows:</font></td></tr>

</table><br />
<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="width: 100%; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"></td>

   <td colspan="2" style="width: 1%; white-space: nowrap; text-align: center; vertical-align: middle"><font style="font: x-small Times New Roman">Three Months Ended</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"></td>

   <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; vertical-align: middle; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">October 31, 2019</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Operating lease cost</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">749,866</font></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Sublease income</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td>

   <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,755,252</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Excess of sublease income over lease cost</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td>

   <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,005,386</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock', window );">Schedule of annual undiscounted cash flows of the operating lease liabilities</a></td>
<td class="text"><div><p style="text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">The following is a maturity analysis of the annual undiscounted cash flows of the operating lease liabilities as of October 31, 2019:</font></p>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%">



<tr style="vertical-align: bottom; background-color: Silver">

    <td style="width: 1%; background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 95%; text-align: left"><font style="font: x-small Times New Roman">October 31, 2020</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,896,768</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">October 31, 2021</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,976,288</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">October 31, 2022</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,058,457</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">October 31, 2023</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,072,707</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">October 31, 2024</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,087,467</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Thereafter</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">11,800,909</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Total undiscounted cash flows</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">21,892,596</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Less: present value discount</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(4,331,420</font></td>

   <td style="white-space: nowrap; text-align: left; padding-bottom: 1pt"><font style="font: x-small Times New Roman">)</font></td></tr>

<tr style="vertical-align: bottom; background-color: Silver">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Total Lease Liabilities</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">17,561,176</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock', window );">Schedule of Additional Information Related to Leases</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"><tr style="vertical-align: bottom"><td style="width: 1%; background-color: White">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 95%; text-align: left"><font style="font: x-small Times New Roman">Other information:</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: right"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Operating cash flows from operating leases</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">473,105</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td></tr>

<tr style="vertical-align: bottom">

    <td style="background-color: White">&#160;</td>
   <td style="text-align: left"><font style="font: x-small Times New Roman">Weighted-average remaining lease term &#8211; operating leases</font></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11.48 years</font></td>

   <td style="white-space: nowrap; text-align: left"></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Weighted-average discount rate &#8211; operating leases</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">3.88%</font></td>

   </tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock', window );">Schedule of future minimum non-cancelable rental commitments</a></td>
<td class="text"><div><p style="text-align: left; margin-left: 30pt"><font style="font: x-small Times New Roman">The following tables represents future minimum lease payments under noncancelable operating leases at July 31, 2019 as presented in the Company&#8217;s Annual Report on Form 10K:</font></p>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%">



<tr style="vertical-align: bottom">

    <td>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
   <td style="width: 1%; white-space: nowrap; text-align: left"></td>

   <td style="width: 97%; white-space: nowrap; text-align: left"></td>

   <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Operating</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Fiscal Year</font></td>

   <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td>

   <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Leases</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2020</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">1,897,318</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2021</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,941,494</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2022</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,057,814</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">2023</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right"></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,072,000</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">2024</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">2,086,697</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">After 2024</font></td>

   <td style="white-space: nowrap; text-align: left"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td>

   <td style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">11,701,293</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Total required*</font></td>

   <td style="white-space: nowrap; text-align: left; background-color: Silver"></td>

   <td style="white-space: nowrap; text-align: justify; background-color: Silver; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td>

   <td style="white-space: nowrap; text-align: center; background-color: Silver; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">21,756,616</font></td></tr></table><br />
   <table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%">

<tr style="vertical-align: bottom">

    <td style="vertical-align: top; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
    <td style="padding-right: 8pt; vertical-align: top; text-align: left"><font style="font: x-small Times New Roman">*</font></td>
   <td style="text-align: left; vertical-align: top"><font style="font: x-small Times New Roman">Minimum payments have not been reduced by minimum sublease rentals of $36,268,652 under operating leases due in the future under non-cancelable leases.</font></td></tr></table></div><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of additional information related to leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919396-209981<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of components of income from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 30<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=119202524&amp;loc=SL77919372-209981<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 270<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6A<br> -URI http://asc.fasb.org/extlink&amp;oid=118952077&amp;loc=SL77927221-108306<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 1,3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41499-112717<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 460<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118943654&amp;loc=d3e12069-110248<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84164451&amp;loc=d3e36991-112694<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6634004704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accounting Records and Use of Estimates (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Oct. 31, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock', window );">Schedule of property and equipment depreciation and amortization period</a></td>
<td class="text"><div><table cellspacing="0" cellpadding="0" border="0" style="line-height: normal; width: 100%"><tr style="vertical-align: bottom"><td style="vertical-align: top; width: 98%; text-align: left"><p style="text-align: left"><font style="font: x-small Times New Roman">Amortization of improvements to leased property is calculated over the life of the lease. Lives used to determine depreciation and amortization are generally as follows:</font></p>
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<tr style="vertical-align: bottom">
   <td style="vertical-align: top; text-align: left">&#160;&#160;&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td>
   <td style="vertical-align: top; text-align: left">&#160;</td></tr></table>

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   <td style="vertical-align: top; width: 1%; text-align: left">&#160;&#160;&#160;</td>

   <td style="vertical-align: top; width: 1%; text-align: left"><font style="font: x-small Times New Roman"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font></td>
   <td style="width: 96%; white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman">Buildings and improvements</font></td>

   <td style="width: 1%; white-space: nowrap; text-align: left; background-color: Silver">&#160;&#160;&#160;&#160;&#160;</td>

   <td style="width: 1%; white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">18-40 years</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
    <td>&#160;</td>
   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Improvements to leased property</font></td>

   <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3-10 years</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
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   <td style="white-space: nowrap; text-align: left; background-color: Silver"><font style="font: x-small Times New Roman"></font></td>

   <td style="white-space: nowrap; text-align: right; background-color: Silver"><font style="font: x-small Times New Roman">7-12 years</font></td></tr>

<tr style="vertical-align: bottom">

    <td>&#160;</td>
    <td>&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19279-110258<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2C<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=SL7498348-110258<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6598576608">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Per Share of Common Stock (Details) - shares<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
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<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
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<td class="nump">2,015,780<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1448-109256<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
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' 'S0      $!

end
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>62
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6757046208">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Oct. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash Flows From Operating Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="nump">$ 128,544<span></span>
</td>
<td class="num">$ (79,194)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income (loss) to net cash provided by operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherDepreciationAndAmortization', window );">Depreciation</a></td>
<td class="nump">387,410<span></span>
</td>
<td class="nump">466,297<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfDeferredCharges', window );">Amortization of deferred charges</a></td>
<td class="nump">68,000<span></span>
</td>
<td class="nump">81,282<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OperatingLeaseExpenseInExcessOfCashPayments', window );">Operating lease expense in excess of cash payments</a></td>
<td class="nump">276,762<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Deferred finance costs included in interest expense</a></td>
<td class="nump">4,718<span></span>
</td>
<td class="nump">5,719<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Net realized and unrealized (gain) loss on sale of marketable securities</a></td>
<td class="num">(23,223)<span></span>
</td>
<td class="nump">34,059<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInUnbilledReceivables', window );">Other assets - unbilled receivables</a></td>
<td class="nump">42,472<span></span>
</td>
<td class="num">(6,861)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_OtherAssetsDeferredCharges', window );">Other assets - deferred charges</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(304,252)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes', window );">Deferred income taxes</a></td>
<td class="nump">74,000<span></span>
</td>
<td class="nump">3,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInReceivables', window );">Receivables</a></td>
<td class="num">(3,729)<span></span>
</td>
<td class="nump">51,710<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable', window );">Income taxes refundable</a></td>
<td class="num">(384)<span></span>
</td>
<td class="num">(13,048)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidExpense', window );">Prepaid expenses</a></td>
<td class="nump">978,469<span></span>
</td>
<td class="nump">836,915<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts payable</a></td>
<td class="nump">17,671<span></span>
</td>
<td class="num">(16,205)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedLiabilities', window );">Payroll and other accrued liabilities (Notes 1 and 10)</a></td>
<td class="nump">201,080<span></span>
</td>
<td class="nump">714,224<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable', window );">Other taxes payable</a></td>
<td class="num">(3,305)<span></span>
</td>
<td class="num">(2,940)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Cash provided by operating activities</a></td>
<td class="nump">2,148,485<span></span>
</td>
<td class="nump">1,770,706<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash Flows From Investing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Acquisition of property and equipment</a></td>
<td class="num">(1,445,669)<span></span>
</td>
<td class="num">(822,175)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract', window );"><strong>Marketable securities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities', window );">Receipts from sales</a></td>
<td class="nump">442,764<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireMarketableSecurities', window );">Payments for purchases</a></td>
<td class="num">(443,299)<span></span>
</td>
<td class="num">(16,088)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Cash (used) by investing activities</a></td>
<td class="num">(1,446,204)<span></span>
</td>
<td class="num">(838,263)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash Flows From Financing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInSecurityDeposits', window );">Increase (decrease) - security deposits payable</a></td>
<td class="num">(19,606)<span></span>
</td>
<td class="nump">9,153<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermDebt', window );">Mortgage and other debt payments</a></td>
<td class="num">(42,690)<span></span>
</td>
<td class="num">(41,161)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Cash (used) by financing activities</a></td>
<td class="num">(62,296)<span></span>
</td>
<td class="num">(32,008)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect', window );">Increase in cash, cash equivalents and restricted cash</a></td>
<td class="nump">639,985<span></span>
</td>
<td class="nump">900,435<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Cash, cash equivalents and restricted cash at beginning of period</a></td>
<td class="nump">5,263,724<span></span>
</td>
<td class="nump">6,879,623<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Cash, cash equivalents and restricted cash at end of period (Note 10)</a></td>
<td class="nump">$ 5,903,709<span></span>
</td>
<td class="nump">$ 7,780,058<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_OperatingLeaseExpenseInExcessOfCashPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Operating lease expense in excess of cash payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_OperatingLeaseExpenseInExcessOfCashPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_OtherAssetsDeferredCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other assets deferred charges during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_OtherAssetsDeferredCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfDeferredCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of amortization of deferred charges applied against earnings during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfDeferredCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfFinancingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense attributable to debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28555-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfFinancingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=SL98516268-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513438&amp;loc=d3e33268-110906<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27405-111563<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(c),9(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDeferredIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInIncomeTaxesReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the period in the amount of cash payments due to taxing authorities for non-income-related taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInSecurityDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in security deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInSecurityDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInUnbilledReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period of the amount of revenue for work performed for which billing has not occurred, net of uncollectible accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInUnbilledReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherDepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherDepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireMarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow for purchase of marketable security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=d3e26853-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireMarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities  (held-to-maturity or available-for-sale) during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.3</span><table class="report" border="0" cellspacing="2" id="idp6776377200">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)<br></strong></div></th>
<th class="th"><div>Oct. 31, 2019</div></th>
<th class="th"><div>Jul. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property and Equipment - Net (Notes 5 and 6)</a></td>
<td class="nump">$ 43,997,228<span></span>
</td>
<td class="nump">$ 53,129,303<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents (Notes 4 and 10)</a></td>
<td class="nump">4,993,422<span></span>
</td>
<td class="nump">4,117,647<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesNetCurrent', window );">Receivables (Note 4)</a></td>
<td class="nump">405,883<span></span>
</td>
<td class="nump">402,154<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesReceivable', window );">Income taxes refundable</a></td>
<td class="nump">10,067<span></span>
</td>
<td class="nump">9,683<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashCurrent', window );">Restricted cash</a></td>
<td class="nump">130,794<span></span>
</td>
<td class="nump">181,193<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseCurrent', window );">Prepaid expenses</a></td>
<td class="nump">1,181,232<span></span>
</td>
<td class="nump">2,159,701<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">6,721,398<span></span>
</td>
<td class="nump">6,870,378<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsAbstract', window );"><strong>Other Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCostsLeasingGross', window );">Deferred charges</a></td>
<td class="nump">3,729,818<span></span>
</td>
<td class="nump">3,729,818<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCostsLeasingAccumulatedAmortization', window );">Less: accumulated amortization</a></td>
<td class="nump">1,221,996<span></span>
</td>
<td class="nump">1,153,996<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCosts', window );">Net</a></td>
<td class="nump">2,507,822<span></span>
</td>
<td class="nump">2,575,822<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Operating lease right-of-use assets (Notes 1, 5, 7 and 10)</a></td>
<td class="nump">26,525,843<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCash', window );">Restricted cash</a></td>
<td class="nump">779,493<span></span>
</td>
<td class="nump">964,884<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear', window );">Unbilled receivables (Notes 4 and 8)</a></td>
<td class="nump">1,625,989<span></span>
</td>
<td class="nump">1,668,461<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesNoncurrent', window );">Marketable securities (Notes 3 and 4)</a></td>
<td class="nump">3,603,985<span></span>
</td>
<td class="nump">3,580,227<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment', window );">Total other assets</a></td>
<td class="nump">35,043,132<span></span>
</td>
<td class="nump">8,789,394<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">TOTAL ASSETS</a></td>
<td class="nump">85,761,758<span></span>
</td>
<td class="nump">68,789,075<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrentAbstract', window );"><strong>Long-Term Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesAndLoans', window );">Mortgage payable (Note 6)</a></td>
<td class="nump">4,471,454<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_SecurityDepositsPayableNonCurrent', window );">Security deposits payable</a></td>
<td class="nump">681,796<span></span>
</td>
<td class="nump">690,422<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent', window );">Payroll and other accrued liabilities</a></td>
<td class="nump">350,818<span></span>
</td>
<td class="nump">448,939<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiabilityNoncurrent', window );">Operating lease liabilities (Notes 1, 7 and 10)</a></td>
<td class="nump">16,317,732<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Deferred income taxes (Note 1)</a></td>
<td class="nump">5,170,000<span></span>
</td>
<td class="nump">5,096,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrent', window );">Total long-term liabilities</a></td>
<td class="nump">26,991,800<span></span>
</td>
<td class="nump">6,235,361<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
<td class="nump">48,635<span></span>
</td>
<td class="nump">30,964<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrent', window );">Payroll and other accrued liabilities</a></td>
<td class="nump">1,776,831<span></span>
</td>
<td class="nump">2,426,535<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent', window );">Other taxes payable</a></td>
<td class="nump">5,542<span></span>
</td>
<td class="nump">8,847<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiabilityCurrent', window );">Operating lease liabilities (Notes 1, 7 and 10)</a></td>
<td class="nump">1,243,444<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Current portion of mortgage payable (Note 6)</a></td>
<td class="nump">777,736<span></span>
</td>
<td class="nump">5,287,162<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mays_SecurityDepositsPayableCurrent', window );">Current portion of security deposits payable</a></td>
<td class="nump">181,213<span></span>
</td>
<td class="nump">192,193<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">4,033,401<span></span>
</td>
<td class="nump">7,945,701<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">TOTAL LIABILITIES</a></td>
<td class="nump">31,025,201<span></span>
</td>
<td class="nump">14,181,062<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Shareholders' Equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued)</a></td>
<td class="nump">2,178,297<span></span>
</td>
<td class="nump">2,178,297<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid in capital</a></td>
<td class="nump">3,346,245<span></span>
</td>
<td class="nump">3,346,245<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">50,499,867<span></span>
</td>
<td class="nump">50,371,323<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityBeforeTreasuryStock', window );">Stockholders' Equity before Treasury Stock</a></td>
<td class="nump">56,024,409<span></span>
</td>
<td class="nump">55,895,865<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Less common stock held in treasury, at cost - 162,517 shares at October 31, 2019 and at July 31, 2019 (Note 11)</a></td>
<td class="nump">1,287,852<span></span>
</td>
<td class="nump">1,287,852<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total shareholders' equity</a></td>
<td class="nump">54,736,557<span></span>
</td>
<td class="nump">54,608,013<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Contingencies (Note 12)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</a></td>
<td class="nump">$ 85,761,758<span></span>
</td>
<td class="nump">$ 68,789,075<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_SecurityDepositsPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of security deposits payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_SecurityDepositsPayableCurrent</td>
</tr>
<tr>
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<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mays_SecurityDepositsPayableNonCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The noncurrent portion of security deposits payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mays_SecurityDepositsPayableNonCurrent</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mays_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due after one year (or beyond the operating cycle if longer), including liabilities for compensation costs, fringe benefits other than pension and postretirement obligations, rent, contractual rights and obligations, and statutory obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.24)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable for real and property taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 720<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6419918&amp;loc=d3e35281-107843<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6935-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6801-107765<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets, excluding property, plant, and equipment and other property and investments, that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Alternate captions include Total Deferred Charges and Other Assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),19)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118942415&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred cost, excluding capitalized cost related to contract with customer; classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCostsLeasingAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, the accumulated amortization, as of the reporting date, which represents the periodic charge to earnings of initial direct costs which have been deferred and are being allocated over the lease term in proportion to the recognition of rental income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 35<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=77913719&amp;loc=d3e40879-112712<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 25<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=77902619&amp;loc=d3e40588-112709<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCostsLeasingAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCostsLeasingGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, this element represents costs incurred by the lessor that are (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction. This amount is before considering accumulated amortization representing the periodic charge to earnings to recognize the deferred costs over the term of the related lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 25<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=77902619&amp;loc=d3e40588-112709<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 25<br> -Paragraph 17<br> -URI http://asc.fasb.org/extlink&amp;oid=77902619&amp;loc=d3e40246-112709<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCostsLeasingGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=116821951&amp;loc=d3e31917-109318<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=116821951&amp;loc=d3e31931-109318<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=116821951&amp;loc=d3e31958-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.5(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.3(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of obligation due after one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 201.5-02(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 201.5-02(26))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 201.5-02(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesNoncurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermNotesAndLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermNotesAndLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecuritiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in marketable security, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketableSecuritiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiabilityCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiabilityCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiabilityNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiabilityNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6787-107765<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 340<br> -SubTopic 10<br> -Section 05<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=68074540&amp;loc=d3e5879-108316<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrepaidExpenseCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-06(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6488278&amp;loc=d3e604059-122996<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=SL98516268-108586<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=SL98516268-108586<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityBeforeTreasuryStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total amount of stockholders' equity (deficit) items including stock value, paid in capital, retained earnings and including equity attributable to noncontrolling interests and before deducting the carrying value of treasury stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityBeforeTreasuryStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23315-112656<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29,30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of receivables under long-term contracts that have not been billed and were not billable that are expected to be collected after the next fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
