Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2023
Jul. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,054 $ 21,603
Accounts receivable, net 10,866 11,516
Inventories, net 15,723 15,411
Prepaid expenses and other current assets 4,738 5,824
Total current assets 36,381 54,354
Property, plant, and equipment, net 17,425 17,259
Right-of-use assets, net 13,569 15,174
Goodwill 7,452 7,452
Other, including restricted cash of $1,000 at January 31, 2023 and July 21, 2022 1,625 1,618
Total assets 76,452 95,857
Current liabilities:    
Accounts payable – trade 13,189 8,508
Accrued liabilities 11,590 12,300
Current portion of operating lease liabilities 3,425 3,432
Mortgage debt 3,684
Other current liabilities and finance leases short term 313 310
Total current liabilities 32,201 24,550
Other liabilities and finance leases long term 39
Operating lease liabilities, non-current, net 11,132 12,729
Long term debt, net 289 4,077
Total liabilities 43,622 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: 48,733,054 at January 31, 2023 and 48,720,454 at July 31, 2022 487 487
Additional paid-in capital 340,407 339,462
Accumulated deficit (310,593) (288,638)
Accumulated other comprehensive income 2,529 3,151
Total stockholders’ equity 32,830 54,462
Total liabilities and stockholders’ equity $ 76,452 $ 95,857