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INCOME TAX (Tables) | 12 Months Ended
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Jul. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of income tax expense |
Schedule of income tax expense |  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
Deferred taxes (benefit): |  |  |  |  |  |  |  |
Federal |  |  | (90,000 | ) |  |  | (33,000 | )
State |  |  | (47,000 | ) |  |  | (29,000 | )
Income tax provision (benefit) |  | $ | (137,000 | ) |  | $ | (62,000 | )
Schedule of federal statutory tax rate to pre-tax income |
Schedule of federal statutory tax rate to pre-tax income |  | 2024 |  |  | 2023 |
Loss before income taxes |  | $ | (543,568 | ) |  | $ | (144,964 | )
Other-net |  |  | (15,521 | ) |  |  | (26,852 | )
Adjusted pre-tax loss |  | $ | (559,089 | ) |  | $ | (171,816 | )
Statutory rate |  |  | 21.00 | % |  |  | 21.00 | %
Income tax provision (benefit) at statutory rate |  | $ | (117,409 | ) |  | $ | (36,081 | )
State deferred income taxes (benefit) |  |  | (47,000 | ) |  |  | (29,000 | )
Other-net |  |  | 27,409 |  |  |  | 3,081 |
Income tax provision (benefit) |  | $ | (137,000 | ) |  | $ | (62,000 | )
Schedule of deferred tax assets and liabilities |
Schedule of deferred tax assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2024 |  |  | 2023 |
|  | Deferred Tax Assets |  |  | Deferred Tax Liabilities |  |  | Deferred Tax Assets |  |  | Deferred Tax Liabilities |
Rental income received in advance |  | $ | 180,818 |  |  | $ | — |  |  | $ | 150,864 |  |  | $ | — |
Operating lease liabilities |  |  | 7,005,732 |  |  |  | — |  |  |  | 7,338,553 |  |  |  | — |
Federal net operating loss carryforward |  |  | 2,136,250 |  |  |  | — |  |  |  | 1,929,890 |  |  |  | — |
State net operating loss carryforward |  |  | 954,564 |  |  |  | — |  |  |  | 829,669 |  |  |  | — |
Unbilled receivables |  |  | — |  |  |  | 839,286 |  |  |  | — |  |  |  | 729,375 |
Property and equipment |  |  | — |  |  |  | 5,569,384 |  |  |  | — |  |  |  | 5,065,135 |
Unrealized loss on marketable securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 221,521 |
Operating lease right-of-use assets |  |  | — |  |  |  | 7,990,330 |  |  |  | — |  |  |  | 8,556,969 |
Other |  |  | 28,636 |  |  |  | — |  |  |  | 94,024 |  |  |  | — |
|  | $ | 10,306,000 |  |  | $ | 14,399,000 |  |  | $ | 10,343,000 |  |  | $ | 14,573,000 |
Net deferred tax liability |  |  |  |  |  | $ | 4,093,000 |  |  |  |  |  |  | $ | 4,230,000 |
Schedule of components of the deferred tax provision (benefit) |
Schedule of components of the deferred tax provision (benefit) |  | 2024 |  |  | 2023 |
Book depreciation exceeding tax depreciation |  | $ | 504,386 |  |  | $ | 14,000 |
Reserve for bad debts |  |  | 61,355 |  |  |  | 35,255 |
Lease expense per book in excess of cash paid |  |  | (233,818 | ) |  |  | (301,218 | )
Federal net operating loss carryforward |  |  | (206,360 | ) |  |  | 189,665 |
State net operating loss carryforward |  |  | (124,894 | ) |  |  | (18,725 | )
Rental income received in advance |  |  | (29,954 | ) |  |  | 14,120 |
Unbilled receivables |  |  | 109,911 |  |  |  | 106,158 |
Other |  |  | (217,626 | ) |  |  | (101,255 | )
|  | $ | (137,000 | ) |  | $ | (62,000 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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