Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2016
Jul. 31, 2015
Current assets:    
Cash and cash equivalents $ 37,016 $ 18,109
Accounts receivable, net of allowances 12,877 12,109
Other receivables   6,650
Inventories 7,395 7,396
Prepaid expenses and other 1,866 2,222
Total current assets 59,154 46,486
Property, plant and equipment, net 8,730 7,948
Goodwill 7,452 7,452
Intangible assets, net 5,221 6,155
Other assets 349 353
Total assets 80,906 68,394
Current liabilities:    
Loan payable 3,013 3,013
Accounts payable – trade 9,459 8,762
Accrued liabilities 9,556 11,297
Other current liabilities 2,476 886
Total current liabilities 24,504 23,958
Deferred taxes 30 37
Other liabilities 1,925 1,793
Total liabilities $ 26,459 $ 25,788
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: 46,092,518 at January 31, 2016 and 46,062,065 at July 31, 2015 $ 461 $ 461
Additional paid-in capital 325,253 324,966
Accumulated deficit (273,416) (284,682)
Accumulated other comprehensive income 2,149 1,861
Total stockholders’ equity 54,447 42,606
Total liabilities and stockholders’ equity $ 80,906 $ 68,394