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, 2020
Jan. 31, 2019
Cash flows from operating activities:    
Net loss $ (15,335) $ (14,389)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization of property, plant and equipment 1,142 1,040
Amortization of intangible assets 292 494
Share-based compensation charges 521 526
Accrual for share-based 401(k) employer match expense 413 393
Foreign exchange (gain) loss (319) 159
Changes in operating assets and liabilities:    
Accounts receivable 1,848 1,471
Inventories 368 (254)
Prepaid expenses and other assets 98 (138)
Accounts payable – trade 877 (1,746)
Accrued liabilities, other current liabilities and other liabilities 2,104 (2,331)
Total adjustments 7,344 (386)
Net cash used in operating activities (7,991) (14,775)
Cash flows from investing activities:    
Capital expenditures (434) (6,988)
Net cash used in investing activities (434) (6,988)
Cash flows from financing activities:    
Proceeds from borrowing under mortgage agreement   4,500
Repayments under mortgage agreement and finance leases (229) (140)
Cost to obtain loan   (70)
Proceeds from exercise of stock options   166
Net cash (used in) provided by financing activities (229) 4,456
Effect of exchange rate changes on cash and cash equivalents 10 (6)
Decrease in cash and cash equivalents and restricted cash (8,644) (17,313)
Cash and cash equivalents and restricted cash - beginning of period 60,896 60,041
Total cash and cash equivalents and restricted cash - end of period 52,252 42,728
The composition of total cash and cash equivalents and restricted cash is as follows:    
Cash and cash equivalents 51,502 41,978
Restricted cash included in other assets 750 750
Total cash and cash equivalents and restricted cash $ 52,252 $ 42,728