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
 3 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Cash flows from operating activities:    
Net loss $ (2,787) $ (3,691)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 557 652
Amortization of intangible assets 468 497
Provision for uncollectible accounts receivable 872 1,594
Income tax benefit (32) (197)
Share-based compensation charges 103 142
Share-based 401(k) employer match expense 160 147
Foreign currency transaction (gain) (302) (282)
Changes in operating assets and liabilities:    
Accounts receivable (2,277) (1,410)
Inventories (252) 190
Prepaid expenses and other 323 259
Accounts payable – trade 253 (1,125)
Accrued liabilities, other current liabilities and other liabilities (394) 1,747
Total adjustments (521) 2,214
Net cash used in operating activities (3,308) (1,477)
Cash flows from investing activities:    
Capital expenditures (334) (291)
Security deposits and other 20 (44)
Net cash used in investing activities (314) (335)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 1,684  
Proceeds from borrowings under Credit Agreement 15,176  
Repayments under Credit Agreement (14,795)  
Installment loan and capital lease obligation payments (96) (28)
Net cash provided by (used in) financing activities 1,969 (28)
Effect of exchange rate changes on cash and cash equivalents 72 165
Decrease in cash and cash equivalents (1,581) (1,675)
Cash and cash equivalents - beginning of period 9,007 15,076
Cash and cash equivalents - end of period $ 7,426 $ 13,401