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
 3 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Cash flows from operating activities:    
Net loss $ (3,729) $ (2,787)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 507 557
Amortization of intangible assets 431 468
Provision for uncollectible accounts receivable 541 872
Deferred income tax benefit (24) (32)
Share-based compensation charges 98 103
Accrual for share-based 401(k) employer match expense 145 160
Foreign exchange loss (gain) 422 (302)
Changes in operating assets and liabilities:    
Accounts receivable (482) (2,277)
Inventories 107 (252)
Prepaid expenses and other 182 323
Accounts payable – trade (1,157) 253
Accrued liabilities, other current liabilities and other liabilities 204 (394)
Total adjustments 974 (521)
Net cash used in operating activities (2,755) (3,308)
Cash flows from investing activities:    
Capital expenditures (264) (334)
Security deposits and other 5 20
Net cash used in investing activities (259) (314)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 2,322 1,684
Proceeds from borrowings under Credit Agreement 22,360 15,176
Repayments under Credit Agreement (22,360) (14,795)
Installment loan and capital lease obligation payments (115) (96)
Net cash provided by financing activities 2,207 1,969
Effect of exchange rate changes on cash and cash equivalents (57) 72
Decrease in cash and cash equivalents (864) (1,581)
Cash and cash equivalents - beginning of period 17,455 9,007
Cash and cash equivalents - end of period $ 16,591 $ 7,426