Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Cash flows from operating activities:    
Net loss $ (15,135) $ (12,126)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 2,003 2,155
Amortization of intangible assets 1,494 1,131
Provision for uncollectible accounts receivable 3,857 3,648
Income tax benefit (280) (89)
Share based compensation charges 437 595
Share based 401(k) employer match expense 496 453
Foreign currency transaction loss (gain) (73) 148
Changes in operating assets and liabilities:    
Accounts receivable (2,884) (2,398)
Inventories (442) (260)
Prepaid expenses and other 264 379
Accounts payable – trade 178 (713)
Accrued liabilities, other current liabilities and other liabilities 1,569 681
Total adjustments 6,619 5,730
Net cash used in operating activities (8,516) (6,396)
Cash flows from investing activities:    
Purchases of short term investments   (30,000)
Maturities of short term investments   30,000
Capital expenditures (772) (979)
Security deposits and other (72) (52)
Earn-out payment   (1,150)
Net cash used in investing activities (844) (2,181)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 3  
Installment loan and capital lease obligation payments (187) (105)
Net cash used in financing activities (184) (105)
Effect of exchange rate changes on cash and cash equivalents 112 (232)
Decrease in cash and cash equivalents (9,432) (8,914)
Cash and cash equivalents - beginning of period 15,076 14,161
Cash and cash equivalents - end of period $ 5,644 $ 5,247