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, 2011
Oct. 31, 2010
Cash flows from operating activities:    
Net loss $ (4,494) $ (1,122)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 801 710
Amortization of intangible assets 421 378
Provision for uncollectible accounts receivable 1,286 1,075
Income tax benefit (34) (32)
Share based compensation charges 213 327
Share based 401(k) employer match expense 130 161
Deferred revenue recognized   (38)
Foreign currency transaction gain (57) (72)
Changes in operating assets and liabilities:    
Accounts receivable (724) (2,892)
Inventories 17 (397)
Prepaid expenses 402 222
Accounts payable – trade (1,341) 559
Accrued liabilities 1,099 (605)
Other current liabilities (33) (20)
Other liabilities 12 (35)
Net cash used in operating activities (2,302) (1,781)
Cash flows from investing activities:    
Purchases of short term investments (10,000) (41,612)
Maturities of short term investments 10,000 43,612
Capital expenditures (252) (242)
Security deposits and other (106) (52)
Net cash (used in) provided by investing activities (358) 1,706
Cash flows from financing activities:    
Installment loan payments (33)  
Net cash used in financing activities (33)  
Effect of exchange rate changes on cash and cash equivalents (91) 68
Decrease in cash and cash equivalents (2,784) (7)
Cash and cash equivalents - beginning of period 14,161 8,759
Cash and cash equivalents - end of period $ 11,377 $ 8,752