Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2016
Jul. 31, 2015
Current assets:    
Cash and cash equivalents $ 32,360 $ 18,109
Accounts receivable, net of allowances 14,000 12,109
Other receivables   6,650
Inventories 6,978 7,396
Prepaid expenses and other 1,819 2,222
Total current assets 55,157 46,486
Property, plant and equipment, net 8,638 7,948
Goodwill 7,452 7,452
Intangible assets, net 4,884 6,155
Other assets 357 353
Total assets 76,488 68,394
Current liabilities:    
Loan payable 2,000 3,013
Accounts payable – trade 9,152 8,762
Accrued liabilities 8,056 11,297
Other current liabilities 2,464 886
Total current liabilities 21,672 23,958
Deferred taxes 28 37
Other liabilities 1,820 1,793
Total liabilities $ 23,520 $ 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: 46,254,870 at April 30, 2016 and 46,062,065 at July 31, 2015 $ 463 $ 461
Additional paid-in capital 326,109 324,966
Accumulated deficit (275,531) (284,682)
Accumulated other comprehensive income 1,927 1,861
Total stockholders’ equity 52,968 42,606
Total liabilities and stockholders’ equity $ 76,488 $ 68,394