Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

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Leases (Tables)
 9 Months Ended
Apr. 30, 2024
Leases [Abstract]  
Schedule of lease Certain of the Company’s lease agreements include rental payments adjusted periodically for inflation or a market rate which are included in the lease liabilities.
Leases   Balance Sheet Classification   April 30,
2024		     July 31,
2023		  
Assets                    
Operating   Right-of-use assets   $ 2,959     $ 3,626  
Total lease assets       $ 2,959     $ 3,626  
                     
Liabilities                    
Current:                    
Operating   Current portion of operating lease liabilities   $ 799     $ 980  
                     
Non-current:                    
Operating   Operating lease liabilities, non-current     2,595       3,160  
Total lease liabilities       $ 3,394     $ 4,140  

 

Components of lease cost were as follows:
    Three months ended
April 30,		     Nine months ended
April 30,		  
    2024     2023     2024     2023  
Operating lease cost – net (a)   $ 141     $ 108     $ 422     $ 472  
(a) Net of $126 and $378 of sublease income for the three and nine months ended April 30, 2024, respectively, and $126 and $252 for the three and nine months ended April 30, 2023, respectively.
Lease term and discount rate for the nine months ended April 30 were as follows:
Lease term and discount rate   2024     2023  
Weighted-average remaining lease term (years) - operating leases     4.1 years       5.1 years  
                 
Weighted-average discount rate – operating leases     5.1 %     5.1 %
Schedule of Maturities of the Company’s Lease Liabilities The maturities of the Company’s lease liabilities as of April 30, 2024 are as follows:
Maturity of lease liabilities, years ending July 31,   Operating
leases		  
2024   $ 278  
2025     896  
2026     886  
2027     881  
2028     808  
Total lease payments     3,749  
Less: Interest (a)     (355 )
Present value of lease liabilities   $ 3,394  
(a) Primarily calculated using the Company’s incremental borrowing rate.