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CASH FLOW INFORMATION | 12 Months Ended
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Jul. 31, 2024
Supplemental Cash Flow Elements [Abstract] |
CASH FLOW INFORMATION | 7. 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 statements of cash flows:
Schedule of cash and cash equivalents and restricted cash |  |  |  |  |  |  |  |
|  | July 31 |
|  | 2024 |  |  | 2023 |
Cash and cash equivalents |  | $ | 1,243,977 |  |  | $ | 1,215,921 |
Restricted cash, tenant security deposits |  |  | 938,580 |  |  |  | 898,791 |
Restricted cash, escrow |  |  | 71,784 |  |  |  | 71,763 |
Restricted cash, other |  |  | 31,260 |  |  |  | 31,260 |
|  | $ | 2,285,601 |  |  | $ | 2,217,735 |
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:
Schedule of supplemental disclosure |  |  |  |  |  |  |  |
|  | July 31, |
|  | 2024 |  |  | 2023 |
Cash Flow Information |  |  |  |  |  |  |  |
Interest paid, net of capitalized interest of $85,610 (2024), and $47,472 (2023) |  | $ | 141,975 |  |  | $ | 234,596 |
Income tax (refunded) |  |  | — |  |  |  | — |
Non-cash information |  |  |  |  |  |  |  |
Recognition of operating lease right-of-use assets |  |  | — |  |  | $ | 1,201,952 |
Recognition of operating lease liabilities |  |  | — |  |  |  | 1,201,952 |

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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 -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/230/tableOfContent + Details
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- References No definition available. + Details
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