v3.25.3
Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 31, 2025
Jul. 31, 2025
Property and Equipment-at cost:    
Land $ 6,067,805 $ 6,067,805
Buildings held for leasing:    
Buildings, improvements, and fixtures 82,321,574 81,018,716
Construction in progress 2,121,407 3,270,919
Property, plant and equipment, gross 84,442,981 84,289,635
Accumulated depreciation (41,985,351) (41,603,389)
Buildings - net 42,457,630 42,686,246
Property and equipment-net 48,525,435 48,754,051
Cash and cash equivalents 2,188,982 748,597
Restricted cash 1,040,148 1,010,148
Receivables, net 3,812,249 3,959,730
Prepaids and other assets 1,801,836 3,294,901
Deferred charges, net 3,474,507 3,517,817
Operating lease right-of-use assets 27,869,079 26,764,182
TOTAL ASSETS 88,712,236 88,049,426
Liabilities:    
Mortgage payable 3,195,029 3,235,561
Accounts payable and accrued expenses 2,773,773 2,891,074
Security deposits payable 1,126,725 1,092,225
Operating lease liabilities 25,299,839 24,034,669
Deferred income taxes 3,889,000 4,034,000
Total Liabilities 36,284,366 35,287,529
Shareholders’ Equity:    
Common stock, par value $1 each share (shares-5,000,000 authorized; 2,178,297 issued and 2,015,780 outstanding) 2,178,297 2,178,297
Additional paid in capital 3,346,245 3,346,245
Retained earnings 48,191,180 48,525,207
Stockholders' equity before treasury stock 53,715,722 54,049,749
Common stock held in treasury, at cost - 162,517 shares at October 31, 2025 and July 31, 2025 (1,287,852) (1,287,852)
Total shareholders’ equity 52,427,870 52,761,897
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 88,712,236 $ 88,049,426