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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2017
Jul. 31, 2016
Current assets:    
Cash and cash equivalents $ 7,837 $ 11,361
Restricted cash
Trade accounts receivable, net of allowance for doubtful accounts of $7 and $0, respectively 40 40
Inventory 643
Prepaid expenses and other current assets 919 1,627
Total current assets 9,439 13,028
Intangible assets 365 365
Other assets 111 104
Total assets 9,915 13,497
Current liabilities:    
Trade accounts payable (related party of $43 and $0) 1,016 684
Accrued expenses 368 1,042
Loan payable, net of debt discount
FCC consent decree payable 15,000
Deferred revenue 197 73
Income taxes payable 221 225
Total current liabilities 16,802 2,024
Settlement payable - stockholders 7,200
Deferred revenue - long-term portion 80 92
Total liabilities 24,082 2,116
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 26,073 21,589
Accumulated deficit (37,781) (8,225)
Treasury stock, value (428) (428)
Total Straight Path Communications Inc. stockholders' equity (deficiency) (12,011) 13,058
Noncontrolling interests (2,156) (1,677)
Total equity (deficiency) (14,167) 11,381
Total liabilities and equity (deficiency) 9,915 13,497
Pro forma    
Current assets:    
Cash and cash equivalents 10,337  
Restricted cash 15,000  
Trade accounts receivable, net of allowance for doubtful accounts of $7 and $0, respectively 40  
Inventory 643  
Prepaid expenses and other current assets 919  
Total current assets 26,939  
Intangible assets 365  
Other assets 111  
Total assets 27,415  
Current liabilities:    
Trade accounts payable (related party of $43 and $0) 1,016  
Accrued expenses 368  
Loan payable, net of debt discount 13,460  
FCC consent decree payable 15,000  
Deferred revenue 197  
Income taxes payable 221  
Total current liabilities 30,262  
Settlement payable - stockholders 7,200  
Deferred revenue - long-term portion 80  
Total liabilities 37,542  
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 30,113  
Accumulated deficit (37,781)  
Treasury stock, value (428)  
Total Straight Path Communications Inc. stockholders' equity (deficiency) (7,971)  
Noncontrolling interests (2,156)  
Total equity (deficiency) (10,127)  
Total liabilities and equity (deficiency) 27,415  
Class A common stock    
Straight Path Communications Inc. stockholders' equity:    
Class A common stock, $0.01 par value; 2,000 shares authorized;787 shares issued and outstanding 8 8
Class A common stock | Pro forma    
Straight Path Communications Inc. stockholders' equity:    
Class A common stock, $0.01 par value; 2,000 shares authorized;787 shares issued and outstanding 8  
Class B common stock    
Straight Path Communications Inc. stockholders' equity:    
Class A common stock, $0.01 par value; 2,000 shares authorized;787 shares issued and outstanding 117 $ 114
Class B common stock | Pro forma    
Straight Path Communications Inc. stockholders' equity:    
Class A common stock, $0.01 par value; 2,000 shares authorized;787 shares issued and outstanding $ 117