Annual report pursuant to Section 13 and 15(d)

Income taxes (Tables)

v3.20.2
Income taxes (Tables)
12 Months Ended
Jul. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of benefit for income taxes
    2020     2019     2018  
                   
Federal   $     $     $ 1,097  
State and local                  
Foreign                  
Deferred benefit                  
Benefit for income taxes   $     $     $ 1,097  
Schedule of deferred tax assets and liabilities
    2020     2019  
Deferred tax assets:            
Federal tax carryforward losses   $ 18,173     $ 12,558  
Provision for uncollectible accounts receivable     1,079       1,116  
State and local tax carry forward losses     1,187       144  
Accrued royalties     101       101  
Stock compensation     898       769  
Depreciation     799       682  
Research and development and other tax credit carryforwards     1,477       1,350  
Lease liabilities     5,520        
Foreign tax carryforward losses     3,357       3,783  
Intangibles and goodwill     1,162       1,479  
Inventory     1,156       1,086  
Accrued expenses     1,176       1,127  
Other, net     37       82  
Deferred tax assets     36,122       24,277  
                 
Right of use assets     (5,288 )      
Prepaid expenses     (705 )     (626 )
Other, net     (52 )     (124 )
Deferred tax liabilities     (6,045 )     (750 )
                 
Net deferred tax assets before valuation allowance     30,077       23,527  
Less: valuation allowance     (30,077 )     (23,527 )
Net deferred tax liabilities   $     $  
Schedule of benefit for income taxes
    2020     2019     2018  
United States operations   $ (27,690 )   $ 4,618     $ (9,540 )
International operations     (830 )     (2,129 )     (1,878 )
(Loss) income before taxes   $ (28,520 )   $ 2,489     $ (11,418 )
Schedule of benefit for income taxes
    2020     2019     2018  
Federal statutory rate     21.0 %     (21.0 )%     26.4 %
Compensation and other expenses not deductible for income tax return purposes     (1.1 )     (15.3 )     (1.0 )
Change in valuation allowance     (19.9 )     33.6       73.9  
State tax law change                  
Impact of Tax Act on valuation allowance                 (100.1 )
AMT refund under Tax Act                 9.6  
Other             2.7       0.8  
      %     %     9.6 %