Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2016	Jul. 31, 2015
Current assets:
Cash and cash equivalents	$ 13,172	$ 18,620
Trade accounts receivable, net of allowance for doubtful accounts of $0 and $0, respectively	39	$ 82
Due from settlement	$ 65
Prepaid expenses - related to IP settlements and licensing		$ 783
Other current assets	$ 229	273
Total current assets	13,505	$ 19,758
Prepaid expenses - development agreement	300
Property and equipment, net of accumulated depreciation	1,345
Intangible assets	365	$ 365
Other assets	106	115
Total assets	15,621	20,238
Current liabilities:
Trade accounts payable	170	238
Accrued expenses	436	828
Deferred revenue	76	1,646
Income taxes payable	225	225
Total current liabilities	907	2,937
Deferred revenue - long-term portion	98	105
Total liabilities	$ 1,005	$ 3,042
Commitments and contingencies
Straight Path Communications Inc. stockholders' equity:
Preferred stock, $0.01 par value; 3,000 shares authorized; no shares issued and outstanding
Additional paid-in capital	$ 21,002	$ 17,316
(Accumulated deficit) retained earnings	(4,431)	72
Treasury stock, 42 shares at cost	(480)	(480)
Total Straight Path Communications Inc. stockholders' equity	16,213	18,524
Noncontrolling interests	(1,597)	(1,328)
Total equity	14,616	17,196
Total liabilities and equity	15,621	20,238
Class A
Straight Path Communications Inc. stockholders' equity:
Common stock to be issued, 0 and 60,000 shares	8	8
Class B
Straight Path Communications Inc. stockholders' equity:
Common stock to be issued, 0 and 60,000 shares	$ 114	113
Common stock to be issued
Straight Path Communications Inc. stockholders' equity:
Common stock to be issued, 0 and 60,000 shares		$ 1,495