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CASH FLOW INFORMATION | 12 Months Ended
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Jul. 31, 2021
Supplemental Cash Flow Elements [Abstract] |
CASH FLOW INFORMATION | 8. CASH FLOW INFORMATION: For purposes of reporting cash flows, the Company considers cash equivalents to consist of short-term highly liquid investments with maturities of three months or less, which are readily convertible into cash. The following is a reconciliation of the Company’s cash and cash equivalents and restricted cash to the total presented on the consolidated statement of cash flows:
|  | July 31
|  | 2021 |  | 2020
Cash and cash equivalents |  | $ | 1,552,389 |  | $ | 3,260,135
Restricted cash, tenant security deposits |  |  | 783,470 |  |  | 794,151
Restricted cash, escrow |  |  | 71,720 |  |  | 321,675
Restricted cash, other |  |  | 27,140 |  |  | 27,840
|  | $ | 2,434,719 |  | $ | 4,403,801
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. Supplemental disclosure:
|  | July 31, |
|  | 2021 |  |  | 2020 |
Cash Flow Information |  |  |  |  |  |  |  |
Interest paid, net of capitalized interest of $115,415 (2021), and $112,074 (2020) |  | $ | 272,070 |  |  | $ | 153,107 |
Income tax (refunded) |  |  | (23,040 | ) |  |  | (23,041 | )
Non-cash information |  |  |  |  |  |  |  |
Recognition of operating lease right-of-use assets |  | $ | — |  |  | $ | 39,464,411 |
Recognition of operating lease liabilities |  |  | — |  |  |  | 30,222,981 |
Mortgage refinance |  |  | — |  |  |  | 5,255,920

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
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- References No definition available. + Details
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