XML 41 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
3 Months Ended
Oct. 31, 2014
Income Taxes [Abstract]  
Income Taxes

Note 7—Income Taxes

 

The provision for income taxes for the three months ended October 31, 2014 represents the estimated accrual for Straight Path IP. There is no provision for Straight Path Spectrum as it incurred a taxable loss. There was no provision for the three months ended October 31, 2013 as both Straight Path IP and Straight Path Spectrum incurred taxable losses. In addition, there is a 100% valuation allowance against the net operating losses generated by Straight Path Spectrum at both October 31, 2014 and 2013.