Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Cash flows from operating activities:    
Net loss $ (640) $ (1,474)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization of property, plant and equipment 521 515
Amortization of intangible assets 228 412
Provision for uncollectible accounts receivable 814 669
Share-based compensation charges 205 151
Accrual for share-based 401(k) employer match expense 177 177
Foreign exchange loss 198 349
Changes in operating assets and liabilities:    
Accounts receivable (101) (150)
Inventories (198) (298)
Prepaid expenses and other 207 137
Accounts payable – trade (819) (522)
Accrued liabilities, other current liabilities and other liabilities 2,003 (299)
Total adjustments 3,235 1,141
Net cash provided by (used in) operating activities 2,595 (333)
Cash flows from investing activities:    
Capital expenditures (461) (514)
Net cash used in investing activities (461) (514)
Cash flows from financing activities:    
Proceeds from borrowings under Credit Agreement   24,297
Repayments under Credit Agreement   (23,854)
Installment loan and capital lease obligation payments (101) (146)
Proceeds from the exercise of stock options 658 6
Net cash provided by financing activities 557 303
Effect of exchange rate changes on cash and cash equivalents (9) (19)
Increase (decrease) in cash and cash equivalents 2,682 (563)
Cash and cash equivalents - beginning of period 64,167 67,777
Cash and cash equivalents - end of period $ 66,849 $ 67,214