XML 20 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2014
Operating activities:      
Net (loss) income $ (8,646) $ (2,076) $ 2,069
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Common stock issued or to be issued for compensation 2,737 3,347 746
Stock-based compensation 32   12
Issuance of treasury shares for 401K match 52
Gain from sale of patent (35)
Deferred income taxes 2,809 (2,809)
Changes in assets and liabilities:      
Trade accounts receivable, net 42 (21) (1)
Prepaid expenses and other current assets (1,354) (181) (2)
Prepaid expenses - related to settlements and licensing 783 4,977 (5,760)
Other assets 11 20 104
Trade accounts payable 446 238 (1)
Accrued expenses 214 (538) (139)
Due to IDT Corporation (6) 6
Deferred revenue (1,586) (10,179) 11,535
Income taxes payable (245) 455
Net cash (used in) provided by operating activities (7,269) (1,890) 6,215
Investing activities:      
Purchase of intangibles (15)
Proceeds from sale of patent 35
Net cash provided by investing activities 20
Financing activities:      
Common stock issued upon exercise of stock options 10 68 17
Sale of treasury stock 65
Dividends paid to stockholders of noncontrolling interests (875)
Net cash provided by (used in) financing activities 10 (742) 17
Net (decrease) increase in cash and cash equivalents (7,259) (2,612) 6,232
Cash and cash equivalents at beginning of year 18,620 21,232 15,000
Cash and cash equivalents at end of year 11,361 18,620 21,232
Supplemental schedule of noncash activities      
Common stock repurchased for withholding tax purposes   545  
Reversal of prior period related party payables 513
Supplemental cash flow information      
Cash paid during the year for income taxes $ 15 $ 119