Annual report pursuant to Section 13 and 15(d)

Summary of Selected Quarterly Financial Data (unaudited)

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Summary of Selected Quarterly Financial Data (unaudited)
 12 Months Ended
Jul. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

Note 16 – Summary of Selected Quarterly Financial Data (unaudited)


The following table contains statement of operations information for each quarter of the years ended July 31, 2013 and 2012. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.


Unaudited quarterly financial data for fiscal 2013 and 2012 is summarized as follows:


    Quarter Ended  
Fiscal 2013   October 31,
2012 		    January 31,
2013 		    April 30,
2013 		    July 31,
2013 		 
Total revenues   $ 25,630     $ 22,210     $ 22,598     $ 23,269  
Gross profit     11,736       8,642       9,048       9,446  
Loss before income taxes     (3,755 )     (5,854 )     (5,808 )     (3,532 )
Net loss     (3,691 )     (5,674 )     (5,770 )     (3,102 )
Basic and diluted loss per common share   $ (0.09 )   $ (0.14 )   $ (0.15 )   $ (0.08 )

    Quarter Ended  
Fiscal 2012   October 31,
2011 		    January 31,
2012 		    April 30,
2012 		    July 31,
2012 		 
Total revenues   $ 25,753     $ 24,973     $ 25,949     $ 26,408  
Gross profit     11,802       11,579       12,056       11,673  
Loss before income taxes     (4,326 )     (4,076 )     (3,445 )     (29,074 )
Net loss     (4,494 )     (4,221 )     (3,411 )     (27,143 )
Basic and diluted loss per common share   $ (0.12 )   $ (0.11 )   $ (0.09 )   $ (0.69 )