Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2014
Jul. 31, 2014
ASSETS    
Cash and cash equivalents $ 16,591 $ 17,455
Accounts receivable, net of allowances 12,379 12,470
Inventories 8,523 8,690
Prepaid expenses and other 2,255 2,121
Total current assets 39,748 40,736
Property, plant and equipment, net 7,480 7,730
Goodwill 7,452 7,452
Intangible assets, net 7,557 8,108
Other assets 382 385
Total assets 62,619 64,411
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Loan payable 3,013 3,013
Accounts payable – trade 7,098 8,245
Accrued liabilities 13,620 12,917
Other current liabilities 778 790
Total current liabilities 24,509 24,965
Deferred taxes 150 183
Other liabilities 1,847 2,313
Total liabilities 26,506 27,461
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 and outstanding: 44,751,599 at October 31, 2014 and 44,239,183 at July 31, 2014 448 443
Additional paid-in capital 319,939 317,160
Accumulated deficit (286,126) (282,397)
Accumulated other comprehensive income 1,852 1,744
Total stockholders’ equity 36,113 36,950
Total liabilities and stockholders’ equity $ 62,619 $ 64,411