Income Taxes (Tables)

12 Months Ended

Jul. 31, 2013

Income Taxes [Abstract]

Summary of deferred income tax assets

July 31 (in thousands)	2013			2012
Deferred income tax assets:
Accrued expenses	$	177		$	118
Net operating loss		50,620			49,864
Total deferred income tax assets		50,797			49,982
Valuation allowance		(50,797	)		(49,982	)
DEFERRED INCOME TAX ASSETS, NET	$	—		$	—

Summary of provision for (benefit from) income taxes

Year ended July 31 (in thousands)	2013			2012
Current:
Federal	$	(560	)	$	(172	)
State and local		(113	)		(42	)
		(673	)		(214	)
Deferred:
Federal		560			192
State and local		121			47
		681			239
PROVISION FOR INCOME TAXES	$	8		$	25

Schedule of differece between income taxes expected at the U.S. federal statutory income tax rate and income taxes provided

Year ended July 31 (in thousands)	2013			2012
U.S. federal income tax at statutory rate	$	1,445		$	1,912
Valuation allowance		(1,445	)		(1,889	)
State and local income tax, net of federal benefit		8			2
PROVISION FOR INCOME TAXES	$	8		$	25

Schedule of change in the valuation allowance for deferred income taxes

Year ended July 31 (in thousands)	Balance at beginning of year		Additions charged to costs and expenses		Deductions			Balance at end of year
2013
Reserves deducted from deferred income taxes, net:
Valuation allowance	$	49,982	$	815	$	—		$	50,797
2012
Reserves deducted from deferred income taxes, net:
Valuation allowance	$	52,107	$	—	$	(2,125	)	$	49,982