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Operating Leases (Tables)

6 Months Ended

Jan. 31, 2025

Operating Leases

Schedule of revenues by lease and non-lease components

Schedule of revenues by lease and non-lease components
		Three Months Ended January 31								Six Months Ended January 31
		2025				2024				2025				2024
Base rent - fixed		$	5,184,270			$	4,954,633			$	10,271,546			$	9,876,520
Reimbursements of common area costs			150,861				199,694				301,593				346,554
Non-lease components (real estate taxes)			308,313				260,516				609,434				515,570
Rental income		$	5,643,444			$	5,414,843			$	11,182,573			$	10,738,644

Schedule of future minimum non-cancelable rental income

Schedule of future minimum non-cancelable rental income
		As of January 31, 2025
Fiscal Year		Company Owned Property				Leased Property				Total
For the remainder of 2025		$	6,050,032			$	3,193,456			$	9,243,488
2026			8,879,417				4,703,313				13,582,730
2027			7,912,304				4,357,126				12,269,430
2028			7,074,733				4,311,252				11,385,985
2029			6,342,330				3,486,228				9,828,558
2030			4,786,510				2,077,236				6,863,746
After 2030			15,750,291				5,052,775				20,803,066
Total		$	56,795,617			$	27,181,386			$	83,977,003

Schedule of sublease rental income

Schedule of sublease rental income
		Three Months Ended January 31								Six Months Ended January 31
		2025				2024				2025				2024
Sublease income included in base rent-fixed		$	1,843,926			$	1,846,320			$	3,665,580			$	3,671,199
Operating lease cost			(749,180	)			(748,984	)			(1,498,305	)			(1,497,695	)
Excess of sublease income over lease cost		$	1,094,746			$	1,097,336			$	2,167,275			$	2,173,504

Schedule of other information related to operating leases

Schedule of other information related to operating leases
		Three Months Ended January 31								Six Months Ended January 31
Other information:		2025				2024				2025				2024
Operating cash flows from operating leases		$	540,343			$	536,439			$	1,080,643			$	1,071,949

Schedule of annual undiscounted cash flows of the operating lease liabilities

Schedule of annual undiscounted cash flows of the operating lease liabilities
Period Ended January 31,		Operating Leases
2026		$	2,181,170
2027			2,303,496
2028			2,338,782
2029			2,359,461
2030			2,380,828
Thereafter			20,470,896
Total undiscounted cash flows			32,034,633
Less: present value discount			(7,352,301	)
Total Lease Liabilities		$	24,682,332

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Tabular disclosure of other information related to operating leases.

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A

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