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, 2015
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, 2015 and 2014. 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 2015 and 2014 is summarized as follows:


    Quarter Ended  
Fiscal 2015   October 31,
2014		     January 31,
2015		     April 30,
2015		     July 31,
2015		  
Total revenues   $ 24,824     $ 23,092     $ 23,986     $ 25,697  
Gross profit     10,999       10,028       10,483       11,317  
(Loss) income before income taxes     (3,606 )     (4,206 )     (3,003 )     8,523  
Net (loss) income     (3,729 )     (4,091 )     (2,907 )     8,442  
Basic and diluted (loss) income per common share   $ (0.08 )   $ (0.09 )   $ (0.06 )   $ 0.18  

    Quarter Ended  
Fiscal 2014   October 31,
2013		     January 31,
2014		     April 30,
2014		     July 31,
2014		  
Total revenues   $ 24,134     $ 22,928     $ 23,978     $ 24,907  
Gross profit     10,579       9,771       10,394       10,935  
Loss before income taxes     (2,725 )     (3,570 )     (448 )     (3,162 )
Net loss     (2,787 )     (3,566 )     (455 )     (3,169 )
Basic and diluted loss per common share   $ (0.07 )   $ (0.09 )   $ (0.01 )   $ (0.07 )