Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 31, 2015
Jul. 31, 2014
Current assets:    
Cash and cash equivalents $ 18,109 $ 17,455
Accounts receivable, net of allowance for doubtful accounts of $1,786 in 2015 and $2,142 in 2014 12,109 12,470
Other receivables 6,650  
Inventories 7,396 8,690
Prepaid expenses 2,222 2,121
Total current assets 46,486 40,736
Property, plant, and equipment, net 7,948 7,730
Goodwill 7,452 7,452
Intangible assets, net 6,155 8,108
Other 353 385
Total assets 68,394 64,411
Current liabilities:    
Loan payable 3,013 3,013
Accounts payable - trade 8,762 8,245
Accrued liabilities 11,297 12,917
Other current liabilities 886 790
Total current liabilities 23,958 24,965
Deferred taxes 37 183
Other liabilities 1,793 2,313
Total liabilities $ 25,788 $ 27,461
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: 46,062,065 at July 31, 2015 and 44,239,183 at July 31, 2014 $ 461 $ 443
Additional paid-in capital 324,966 317,160
Accumulated deficit (284,682) (282,397)
Accumulated other comprehensive income 1,861 1,744
Total stockholders’ equity 42,606 36,950
Total liabilities and stockholders’ equity $ 68,394 $ 64,411