CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
9 Months Ended |
Apr. 30, 2018 |
Apr. 30, 2017 |
| Cash Flows From Operating Activities: |
|
|
| Net income |
$ 3,167,496
|
$ 1,391,821
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation |
1,311,386
|
1,253,091
|
| Amortization of deferred charges |
222,600
|
200,900
|
| Deferred finance costs included in interest expense |
17,154
|
17,154
|
| Realized (gain) loss on sale of marketable securities |
805
|
(23,734)
|
| Other assets - unbilled receivables |
204,016
|
160,661
|
| Other assets - deferred charges |
(20,488)
|
(366,995)
|
| Provision (benefit) for deferred income taxes |
(2,063,000)
|
706,000
|
| Deferred revenue |
|
(875,001)
|
| Changes in: |
|
|
| Receivables |
101,563
|
153,645
|
| Income taxes refundable |
(40,369)
|
(5,608)
|
| Prepaid expenses |
721,673
|
687,443
|
| Accounts payable |
(60,703)
|
15,757
|
| Payroll and other accrued liabilities |
(660,481)
|
136,675
|
| Other taxes payable |
(1,835)
|
(1,563)
|
| Cash provided by operating activities |
2,899,817
|
3,450,246
|
| Cash Flows From Investing Activities: |
|
|
| Acquisition of property and equipment |
(1,831,066)
|
(1,635,496)
|
| Restricted cash |
(318,828)
|
(134,846)
|
| Marketable securities: |
|
|
| Receipts from sales |
268,857
|
282,434
|
| Payments for purchases |
(98,340)
|
(839,970)
|
| Cash (used) by investing activities |
(1,979,377)
|
(2,327,878)
|
| Cash Flows From Financing Activities: |
|
|
| Increase - security deposits payable |
297,653
|
134,846
|
| Mortgage and other debt payments |
(121,238)
|
(1,116,961)
|
| Cash provided (used) by financing activities |
176,415
|
(982,115)
|
| Increase in cash and cash equivalents |
1,096,855
|
140,253
|
| Cash and cash equivalents at beginning of period |
5,381,195
|
5,228,826
|
| Cash and cash equivalents at end of period |
$ 6,478,050
|
$ 5,369,079
|