Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.23.3
Income Taxes (Tables)
 12 Months Ended
Jul. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities Deferred tax assets and liabilities arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The components of deferred tax assets (liabilities) as of July 31 are as follows:
    2023     2022  
Deferred tax assets:            
Federal tax carryforward losses   $ 11,345       20,303  
Provision for uncollectible accounts receivable     878       635  
State and local tax carry forward losses     97       2,758  
Stock compensation     2,349       1,766  
Depreciation     563       875  
Research and development and other tax credit carryforwards     1,652       1,551  
Lease liabilities     3,232       4,594  
Foreign tax carryforward losses     3,708       3,213  
Intangibles and goodwill     83       481  
Inventory     1,623       1,769  
Accrued expenses     4,463       2,199  
Other, net     13       12  
Deferred tax assets     30,006       40,156  
                 
Right of use assets     (2,757 )     (4,313 )
Prepaid expenses     (507 )     (1,175 )
Other, net     (57 )     (58 )
Deferred tax liabilities     (3,321 )     (5,546 )
                 
Net deferred tax assets before valuation allowance     26,685       34,610  
Less: valuation allowance     (26,685 )     (34,610 )
Net deferred tax assets   $
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     $
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Schedule of Income (loss) Before Income Taxes The geographic components of loss before income taxes consisted of the following for the years ended July 31:
    2023     2022  
United States operations   $ (23,714 )   $ (16,345 )
International operations     (1,308 )     (3,994 )
(Loss) income before taxes   $ (25,022 )   $ (20,339 )
Schedule of Benefit or (Provision) for Income Taxes The benefit for income taxes was at rates different from U.S. federal statutory rates for the following reasons for the years ended July 31:
    2023     2022  
Federal statutory rate     21.0 %     21.0 %
Compensation and other expenses not deductible for income tax return purposes     (1.4 )     (2.9 )
Change in valuation allowance, net     (19.6 )     (18.1 )
     
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