Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2013
Jul. 31, 2013
ASSETS    
Cash and cash equivalents $ 7,426 $ 9,007
Accounts receivable, net of allowances 13,717 12,288
Inventories 9,107 8,805
Prepaid expenses and other 2,140 2,456
Total current assets 32,390 32,556
Property, plant and equipment, net 8,510 8,617
Goodwill 7,452 7,452
Intangible assets, net 9,564 9,943
Other 370 390
Total assets 58,286 58,958
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Loan payable 3,645 3,264
Accounts payable – trade 8,721 8,481
Accrued liabilities 11,526 11,776
Other current liabilities 349 331
Total current liabilities 24,241 23,852
Deferred taxes 176 200
Other liabilities 775 774
Total liabilities 25,192 24,826
Commitments and contingencies      
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: 41,280,340 at October 31, 2013 and 40,569,393 at July 31, 2013 413 406
Additional paid-in capital 306,074 304,288
Accumulated deficit (275,207) (272,420)
Accumulated other comprehensive income 1,814 1,858
Total stockholders’ equity 33,094 34,132
Total liabilities and stockholders’ equity $ 58,286 $ 58,958