Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
12 Months Ended
Jul. 31, 2014
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] A summary of the activity pursuant to the Company’s stock option plans for the years ended July 31, 2014, 2013, and 2012 is as follows:

    2014     2013     2012  
    Options     Weighted -
Average
Exercise
Price
    Options     Weighted -
Average
Exercise
Price
    Options     Weighted -
Average
Exercise
Price
 
Outstanding at beginning of year     726,645     $ 10.39       736,490     $ 14.50       785,124     $ 14.53  
New Grants     665,117     $ 2.77       336,817     $ 2.88           $  
Expired     (236,852 )   $ 15.80       (346,662 )   $ 11.82       (48,634 )   $ 15.05  
Outstanding at end of year     1,155,910     $ 5.03       726,645     $ 10.39       736,490     $ 14.50  
Exercisable at end of year     399,262     $ 7.66       389,828     $ 16.88       736,490     $ 14.50  
Weighted average fair value of options granted during year           $ 0.90             $ 1.22                
Schedule of Share based Compensation Stock Options Activity Range of Exercise Prices [Table Text Block] The following table summarizes information for stock options outstanding at July 31, 2014:

    Options outstanding and exercisable  
Range of Exercise prices   Shares    

Weighted- Average

Remaining

Contractual Life in

years

   

Weighted-

Average Exercise

Price

 
$ 2.53 – 3.00     217,362       3.81     $ 2.84  
$12.99-17.66     181,900       0.41     $ 16.82  
      399,262                  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] The following table summarizes the activity pursuant to restricted stock awards for the years ended July 31,

    2014     2013     2012  
    Awards     Weighted -
Average
Award Price
    Awards     Weighted -
Average
Award Price
    Awards     Weighted -
Average
Award Price
 
Outstanding at beginning of year     125,133     $ 3.45       257,583     $ 3.58       311,952     $ 4.84  
Awarded     11,500     $ 4.77       39,000     $ 1.77       144,143     $ 2.51  
Vested     (82,971 )   $ (2.70 )     (157,783 )   $ (3.23 )     (174,638 )   $ (4.85 )
Forfeited     (11,160 )   $ (1.70 )     (13,667 )   $ (3.59 )     (23,874 )   $ (4.30 )
Outstanding (non-vested) at end of year     42,502     $ 5.74       125,133     $ 3.45       257,583     $ 3.58  
Weighted average market value of awards granted during year           $ 4.77             $ 1.77             $ 2.51