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Property and Equipment
 6 Months Ended
Jan. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 9 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

   January 31,
2022		   July 31,
2021		 
   (unaudited,
in thousands)		   (in thousands) 
Building and Improvements  $47,902   $47,841 
Land   10,412    10,412 
Furniture and Fixtures   1,145    1,145 
Other   273    271 
    59,732    59,669 
Less Accumulated Depreciation   (17,195)   (16,431)
Total  $42,537   $43,238 

 

Other property and equipment consist of other equipment and miscellaneous computer hardware. 

 

Depreciation expense pertaining to property and equipment was approximately $0.4 million and $0.4 million for the three months ended January 31, 2022 and 2021, respectively, and $0.8 million and $0.9 million for the six months ended January 31, 2022 and 2021, respectively.

 

The Company’s headquarters are located at 520 Broad Street in Newark, New Jersey, where it occupies office space in a building owned by its subsidiary.