Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Jul. 31, 2013 $ 406 $ 304,288 $ (272,420) $ 1,858 $ 34,132
Balance (in Shares) at Jul. 31, 2013 40,569,393        
Net income (loss) for the year ended     (9,977)   (9,977)
Vesting of restricted stock $ 1       1
Vesting of restricted stock (in Shares) 82,968        
Share-based compensation charges   594     594
Net proceeds from Issuance of common stock $ 34 11,508     11,542
Net proceeds from Issuance of common stock (in Shares) 3,421,176        
Issuance of options in lieu of payment of cash bonuses   136     136
Issuance of common stock for employee 401(k) plan match $ 2 634     $ 636
Issuance of common stock for employee 401(k) plan match (in Shares) 165,646       165,646
Foreign currency translation adjustments       (114) $ (114)
Balance at Jul. 31, 2014 $ 443 317,160 (282,397) 1,744 36,950
Balance (in Shares) at Jul. 31, 2014 44,239,183        
Net income (loss) for the year ended     (2,285)   (2,285)
Vesting of restricted stock (in Shares) 19,418        
Share-based compensation charges   429     429
Net proceeds from Issuance of common stock $ 16 6,672     6,688
Net proceeds from Issuance of common stock (in Shares) 1,588,480        
Issuance of options in lieu of payment of cash bonuses   45     45
Issuance of common stock for employee 401(k) plan match $ 2 660     $ 662
Issuance of common stock for employee 401(k) plan match (in Shares) 214,984       214,984
Foreign currency translation adjustments       117 $ (117)
Balance at Jul. 31, 2015 $ 461 324,966 (284,682) 1,861 42,606
Balance (in Shares) at Jul. 31, 2015 46,062,065        
Net income (loss) for the year ended     45,286   45,286
Vesting of restricted stock (in Shares) 11,500        
Share-based compensation charges   525     525
Issuance of options in lieu of payment of cash bonuses         0
Issuance of common stock for employee 401(k) plan match $ 2 707     709
Issuance of common stock for employee 401(k) plan match (in Shares) 160,352        
Exercise of stock options   90     $ 90
Exercise of stock options (in Shares) 33,702       33,702
Foreign currency translation adjustments       338 $ 338
Balance at Jul. 31, 2016 $ 463 $ 326,288 $ (239,396) $ 2,199 $ 89,554
Balance (in Shares) at Jul. 31, 2016 46,267,619