Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2023
Jul. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,632,000 $ 21,603,000
Accounts receivable, net 9,636,000 11,516,000
Inventories, net 15,289,000 15,411,000
Prepaid expenses and other current assets 4,442,000 5,824,000
Total current assets 31,999,000 54,354,000
Property, plant, and equipment, net 17,506,000 17,259,000
Right-of-use assets, net 13,457,000 15,174,000
Goodwill 7,452,000 7,452,000
Other, including restricted cash of $1,000 at April 30, 2023 and July 31, 2022 1,647,000 1,618,000
Total assets 72,061,000 95,857,000
Current liabilities:    
Accounts payable – trade 13,645,000 8,508,000
Accrued liabilities 17,494,000 12,300,000
Current portion of operating lease liabilities 3,706,000 3,432,000
Mortgage debt, net 3,821,000
Loans payable, net 3,354,000  
Other current debt and finance leases 132,000 310,000
Total current liabilities 42,152,000 24,550,000
Other liabilities and finance leases long term 39,000
Operating lease liabilities, non-current, net 10,734,000 12,729,000
Long term debt - net 247,000 4,077,000
Total liabilities 53,133,000 41,395,000
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: 49,669,488 at April 30, 2023 and 48,720,454 at July 31, 2022 496,000 487,000
Additional paid-in capital 342,055,000 339,462,000
Accumulated deficit (325,780,000) (288,638,000)
Accumulated other comprehensive income 2,157,000 3,151,000
Total stockholders’ equity 18,928,000 54,462,000
Total liabilities and stockholders’ equity $ 72,061,000 $ 95,857,000