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Income Taxes
6 Months Ended
Jan. 31, 2015
Income Taxes [Abstract]  
Income Taxes

Note 7—Income Taxes

 

The provision for income taxes for the six months ended January 31, 2015 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 six months ended January 31, 2014 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 January 31, 2015 and 2014.