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
 6 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Cash flows from operating activities:    
Net loss $ (1,541) $ (2,527)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization of property, plant and equipment 1,051 1,023
Amortization of intangible assets 484 819
Provision for uncollectible accounts receivable 1,593 1,348
Share-based compensation charges 413 392
Accrual for share-based 401(k) employer match expense 358 354
Foreign exchange (gain) loss (595) 420
Changes in operating assets and liabilities:    
Accounts receivable (1,387) (2,170)
Inventories (430) (238)
Prepaid expenses 27 67
Accounts payable – trade (809) 238
Accrued liabilities, other current liabilities and other liabilities 2,220 (2,558)
Other assets (549)  
Total adjustments 2,376 (305)
Net cash provided by (used in) operating activities 835 (2,832)
Cash flows from investing activities:    
Capital expenditures (1,066) (689)
Security deposits and other (10) 2
Net cash used in investing activities (1,076) (687)
Cash flows from financing activities:    
Proceeds from borrowings under Credit Agreement   40,694
Repayments under Credit Agreement   (42,251)
Installment loan and capital lease obligation payments (190) (323)
Proceeds from exercise of stock options 710 71
Net cash provided by (used in) financing activities 520 (1,809)
Effect of exchange rate changes on cash and cash equivalents 22 (22)
Increase (decrease) in cash and cash equivalents 301 (5,350)
Cash and cash equivalents - beginning of period 64,167 67,777
Cash and cash equivalents - end of period $ 64,468 $ 67,427