Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
 3 Months Ended
Oct. 31, 2023
Leases [Abstract]  
Schedule of Lease Agreements Include Rental Payments Certain of the Company’s lease agreements include rental payments adjusted periodically for inflation or a market rate which are included in the lease liabilities.
Leases   Balance Sheet Classification   October 31,
2023		     July 31,
2023		  
Assets                    
Operating   Right-of-use assets   $ 3,405     $ 3,626  
Total lease assets       $ 3,405     $ 3,626  
                     
Liabilities                    
Current:                    
Operating   Current portion of operating lease liabilities   $ 920     $ 980  
                     
Non-current:                    
Operating   Operating lease liabilities, non-current     2,972       3,160  
Total lease liabilities       $ 3,892     $ 4,140  
Schedule of Components of Lease Cost For the three months ended October 31, components of lease cost were as follows:
Lease Cost   2023     2022  
Operating lease cost – net (a)   $ 141     $ 262  
(a) Net of $126 sublease income for the three months ended October 31, 2023.
Schedule of Lease Liabilities The maturity of the Company’s lease liabilities as of October 31, 2023 is as follows:
Maturity of lease liabilities, years ending July 31,     Operating
leases		  
2024     $ 863  
2025       896  
2026       886  
2027       881  
2028       808  
Total lease payments       4,334  
Less: Interest (a)       (442 )
Present value of lease liabilities     $ 3,892  
  (a) Primarily calculated using the Company’s incremental borrowing rate.
Schedule of Lease Term and Discount Rate Lease term and discount rate for the for the three months ended October 31 were as follows:
Lease term and discount rate   2023     2022  
Weighted-average remaining lease term (years):            
Operating leases     4.5 years       5.5 years  
                 
Weighted-average discount rate:                
Operating leases     5.1 %     5.1 %