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Related Party Transactions
 3 Months Ended
Oct. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions

10. Related Party Transactions:

The Company has two operating leases with Weinstein Enterprises, Inc. (“Landlord”), an affiliated company, principally owned by the Chairman of the Board of Directors of both the Company and Landlord. One lease is for building, improvements, and land located at Jamaica Avenue at 169th Street, Jamaica, New York (“Jamaica, New York”). Another lease is for premises located at 504-506 Fulton Street, Brooklyn, New York.

In April 2023, the Company exercised one of four five-year option periods with Landlord to extend the Jamaica, New York lease beyond May 31, 2030 for a total of five years through May 31, 2035. As of October 31, 2024, it is not reasonably certain the remaining three options to extend the lease from May 31, 2035 to May 31, 2050 will be exercised by the Company.

Rent payments and expense relating to these two operating leases with Landlord follow:

                                 
   Rent Payments
Three Months Ended
October 31		   Rent Expense
Three Months Ended
October 31		 
Property  2024   2023   2024   2023 
Jamaica Avenue at 169th Street  $156,249   $156,249   $287,671   $287,671 
504-506 Fulton Street   90,564    90,564    95,299    95,299 
Total  $246,813   $246,813   $382,970   $382,970 

The following summarizes assets and liabilities related to these two leases:

 Schedule of assets and liabilities                                    
   Operating Lease    
   Right-Of-Use
Assets		   Liabilities    
Property  October 31
2024		   July 31
2024		   October 31
2024		   July 31
2024		   Expiration Date
Jamaica Avenue at 169th Street  $10,389,567   $10,600,247   $4,826,099   $4,905,360   May 31, 2035
504-506 Fulton Street   2,099,892    2,167,727    2,248,440    2,311,539   April 30, 2031
Total  $12,489,459   $12,767,974   $7,074,539   $7,216,899    

Upon termination of the Jamaica, New York lease, currently in 2035, all premises included in operating lease right-of-use assets plus leasehold improvements will be turned over to the Landlord.