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
Apr. 30, 2014
Jul. 31, 2013
ASSETS    
Cash and cash equivalents $ 14,804 $ 9,007
Accounts receivable, net of allowances 12,315 12,288
Inventories 8,976 8,805
Prepaid expenses and other 2,104 2,456
Total current assets 38,199 32,556
Property, plant and equipment, net 7,807 8,617
Goodwill 7,452 7,452
Intangible assets, net 8,714 9,943
Other assets 344 390
Total assets 62,516 58,958
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Loan payable 3,013 3,264
Accounts payable – trade 7,411 8,481
Accrued liabilities 10,960 11,776
Other current liabilities 761 331
Total current liabilities 22,145 23,852
Deferred taxes 138 200
Other liabilities 2,310 774
Total liabilities 24,593 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: 43,818,211 at April 30, 2014 and 40,569,393 at July 31, 2013 439 406
Additional paid-in capital 314,966 304,288
Accumulated deficit (279,228) (272,420)
Accumulated other comprehensive income 1,746 1,858
Total stockholders’ equity 37,923 34,132
Total liabilities and stockholders’ equity $ 62,516 $ 58,958