Business Segment Information

9 Months Ended

Apr. 30, 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 April 30, 2014
Revenues	$	109		$	804		$	913
Loss from operations		(117	)		(60	)		(177	)
Three Months Ended April 30, 2013
Revenues	$	120		$	165		$	285
Loss from operations		(750	)		(138	)		(888	)
Nine Months Ended April 30, 2014
Revenues	$	325		$	1,168		$	1,493
Loss from operations		(352	)		(1,167	)		(1,519	)
Nine Months Ended April 30, 2013
Revenues	$	397		$	585		$	982
Loss from operations		(670	)		(2,099	)		(2,769	)
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:
April 30, 2014	$	5,059	$	21,356	$	26,415
July 31, 2013		3,642		12,097		15,739