Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 31, 2016
Jul. 31, 2015
Current assets:    
Cash and cash equivalents $ 67,777 $ 18,109
Accounts receivable, net of allowance for doubtful accounts of $3,517 in 2016 and $1,786 in 2015 14,592 12,109
Other receivables   6,650
Inventories 6,971 7,396
Prepaid expenses 2,057 2,222
Total current assets 91,397 46,486
Property, plant, and equipment, net 8,214 7,948
Goodwill 7,452 7,452
Intangible assets, net 4,422 6,155
Other 336 353
Total assets 111,821 68,394
Current liabilities:    
Loan payable 1,557 3,013
Accounts payable - trade 9,857 8,762
Accrued liabilities 8,211 11,297
Other current liabilities 943 886
Total current liabilities 20,568 23,958
Deferred taxes   37
Other liabilities 1,699 1,793
Total liabilities 22,267 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: 46,267,619 at July 31, 2016 and 46,062,065 at July 31, 2015 463 461
Additional paid-in capital 326,288 324,966
Accumulated deficit (239,396) (284,682)
Accumulated other comprehensive income 2,199 1,861
Total stockholders’ equity 89,554 42,606
Total liabilities and stockholders’ equity $ 111,821 $ 68,394