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]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Jul. 31, 2012 $ 395 $ (3,074) $ 304,358 $ (254,183) $ 1,605 $ 49,101
Balance (in Shares) at Jul. 31, 2012 39,495,475 216,556        
Net (loss) for the year ended       (18,237)   (18,237)
Vesting of restricted stock $ 2         2
Vesting of restricted stock (in Shares) 157,784          
Share-based compensation charges     545     545
Net proceeds from Issuance of common stock $ 9   1,816     1,825
Net proceeds from Issuance of common stock (in Shares) 906,715          
Issuance of treasury stock for employee 401(k) plan match   $ 3,074 (2,458)     616
Issuance of treasury stock for employee 401(k) plan match (in Shares)   (216,556)        
Issuance of common stock for employee 401(k) plan match     27     27
Issuance of common stock for employee 401(k) plan match (in Shares) 9,419          
Foreign currency translation adjustments         253 253
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 (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 (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