Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2022
Jul. 31, 2022
Current assets:    
Cash and cash equivalents $ 12,135 $ 21,603
Accounts receivable, net 11,515 11,516
Inventories, net 15,787 15,411
Prepaid expenses and other current assets 5,142 5,824
Total current assets 44,579 54,354
Property, plant, and equipment, net 17,140 17,259
Right-of-use assets 14,419 15,174
Goodwill 7,452 7,452
Other, including restricted cash of $1,000 at October 31, 2022 and July 21, 2022 1,609 1,618
Total assets 85,199 95,857
Current liabilities:    
Accounts payable – trade 8,109 8,508
Accrued liabilities 12,377 12,300
Current portion of operating lease liabilities 3,455 3,432
Other current liabilities and finance leases short term 312 310
Total current liabilities 24,253 24,550
Other liabilities and finance leases long term 18 39
Operating lease liabilities, non-current, net 11,952 12,729
Long term debt, net 3,986 4,077
Total liabilities 40,209 41,395
Contingencies – see Note 12
Stockholders’ equity:    
Preferred Stock, $.01 par value; authorized 25,000,000 shares; no shares issued or outstanding
Common Stock, $.01 par value; authorized 75,000,000 shares; shares issued and outstanding: 48,720,454 at October 31, 2022 and at July 31, 2022 487 487
Additional paid-in capital 339,892 339,462
Accumulated deficit (299,273) (288,638)
Accumulated other comprehensive income 3,884 3,151
Total stockholders’ equity 44,990 54,462
Total liabilities and stockholders’ equity $ 85,199 $ 95,857