Business Segment Information

6 Months Ended

Jan. 31, 2014

Business Segment Information [Abstract]

Business Segment Information

Note 7—Business Segment Information

The Company has two reportable business segments, Straight Path Spectrum, which holds, leases and markets fixed wireless spectrum, and Straight Path IP, which holds intellectual property primarily related to communications over the Internet and the licensing and other businesses related to this intellectual property.

The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker.

The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. There are no significant asymmetrical allocations to segments.

Operating results for the business segments of the Company were as follows:

	Straight Path Spectrum			Straight Path  IP			Total
	(in thousands)
Three Months Ended January 31, 2014
Revenues	$	109		$	344		$	453
Loss from operations		(175	)		(697	)		(872	)
Three Months Ended January 31, 2013
Revenues	$	136		$	93		$	229
Income (loss) from operations		116			(524	)		(408	)
Gain on sale of rights in wireless spectrum		150			—			150
Six Months Ended January 31, 2014
Revenues	$	216		$	364		$	580
Loss from operations		(235	)		(1,107	)		(1,342	)
Six Months Ended January 31, 2013
Revenues	$	277		$	420		$	697
Income (loss) from operations		80			(1,962	)		(1,882	)
Gain on sale of rights in wireless spectrum		150			—			150

Total assets for the business segments of the Company were as follows:

	Straight Path Spectrum		Straight Path IP		Total
			(in thousands)
Total assets:
January 31, 2014	$	6,037	$	14,370	$	20,407
July 31, 2013		3,642		12,097		15,739