MAYS J W INC
For the period ended Jul 31, 2025. Filed Oct 23, 2025.
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FY2025 · Filed Oct 23, 2025
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EX-13 · 9. DEFERRED CHARGES:
9. DEFERRED CHARGES:
Deferred charges for the fiscal years ended July 31, 2025 and 2024 consist of the following:
| July 31, 2025 | July 31, 2024 | |||
|---|---|---|---|---|
| Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |
| Leasing brokerage commissions | $6,463,376 | $3,000,205 | $6,350,308 | $2,794,954 |
| Deferred Mortgage Placement Cost | 35,000 | — | — | — |
| Professional fees for leasing | 81,826 | 62,180 | 81,826 | 56,595 |
| Total | $6,580,202 | $3,062,385 | $6,432,134 | $2,851,549 |
The aggregate amortization expense for the periods ended July 31, 2025 and July 31, 2024 were $506,044, and $502,829, respectively.
The weighted average life of current year additions to deferred charges was approximatelyten years.
The estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows:
| Year Ended July 31 | Amortization |
|---|---|
| 2026 | $506,404 |
| 2027 | $457,859 |
| 2028 | $449,443 |
| 2029 | $410,331 |
| 2030 | $314,668 |
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