Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Cash flows from operating activities:    
Net loss $ (6,353) $ (9,365)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 1,099 1,339
Amortization of intangible assets 928 997
Provision for uncollectible accounts receivable 1,784 2,929
Income tax benefit (50) (243)
Share based compensation charges 212 301
Accrual for share based 401(k) employer match 319 293
Foreign currency transaction (gain) (319) (352)
Changes in operating assets and liabilities:    
Accounts receivable (1,333) (1,299)
Inventories (381) (411)
Prepaid expenses and other 512 148
Accounts payable – trade 345 (17)
Accrued liabilities, other current liabilities and other liabilities (1,467) 1,107
Total adjustments 1,649 4,792
Net cash used in operating activities (4,704) (4,573)
Cash flows from investing activities:    
Capital expenditures (444) (590)
Security deposits and other (28) (24)
Net cash used in investing activities (472) (614)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 4,244  
Proceeds from borrowings under Credit Agreement 36,614  
Repayments under Credit Agreement (36,965)  
Installment loan and capital lease obligation payments (181) (83)
Net cash provided by (used in) financing activities 3,712 (83)
Effect of exchange rate changes on cash and cash equivalents 78 217
Decrease in cash and cash equivalents (1,386) (5,053)
Cash and cash equivalents - beginning of period 9,007 15,076
Cash and cash equivalents - end of period $ 7,621 $ 10,023