Settlement of Claims with IDT and Sale of Straight Path IP Group	9 Months Ended
Apr. 30, 2017
Settlement of Claims with IDT and Sale of Straight Path IP Group [Abstract]
Settlement of Claims with IDT and Sale of Straight Path IP Group	Note 3 — Settlement of Claims with IDT and Sale of Straight Path IP Group On April 9, 2017, the Company and IDT entered into a binding term sheet (the “Term Sheet”), providing for the settlement and mutual release of potential indemnification claims asserted by each of the Company and IDT in connection with liabilities that may exist or arise relating to the subject matter of the investigation by (including but not limited to fines, fees or penalties imposed by) the FCC (the “Mutual Release”). Pursuant to the Term Sheet, in exchange for the Mutual Release, IDT will pay the Company $16 million, the Company will transfer to IDT its ownership interest in Straight Path IP Group, and stockholders of the Company will receive 22 percent of the net proceeds, if any, received by Straight Path IP Group from any license, and certain transfers or assignments of any of the patent rights held, or any settlement, award or judgment involving any of the patent rights (including any net proceeds received after the closing of the merger of the Company with Verizon). As of the date of the filing of this report, the provisions under the Term Sheet have not been consummated. As such, the assets and liabilities of Straight Path IP Group have been classified as assets held for sale and liabilities held for sale on the consolidated balance sheet. The Company incurred costs totaling approximately $1,054,000 related to the negotiation and execution of the Term Sheet. These costs will be included in the gain/loss recognized if the transaction is consummated. If the transaction is not consummated, the costs will be charged to operations in the period when such determination is made. For a further discussion of the transaction, see the Form 8-K filed by the Company with the SEC on April 10, 2017.

Settlement of Claims with IDT and Sale of Straight Path IP Group

9 Months Ended

Apr. 30, 2017

Settlement of Claims with IDT and Sale of Straight Path IP Group [Abstract]

Settlement of Claims with IDT and Sale of Straight Path IP Group

Note 3 — Settlement of Claims with IDT and Sale of Straight Path IP Group

On April 9, 2017, the Company and IDT entered into a binding term sheet (the “Term Sheet”), providing for the settlement and mutual release of potential indemnification claims asserted by each of the Company and IDT in connection with liabilities that may exist or arise relating to the subject matter of the investigation by (including but not limited to fines, fees or penalties imposed by) the FCC (the “Mutual Release”). Pursuant to the Term Sheet, in exchange for the Mutual Release, IDT will pay the Company $16 million, the Company will transfer to IDT its ownership interest in Straight Path IP Group, and stockholders of the Company will receive 22 percent of the net proceeds, if any, received by Straight Path IP Group from any license, and certain transfers or assignments of any of the patent rights held, or any settlement, award or judgment involving any of the patent rights (including any net proceeds received after the closing of the merger of the Company with Verizon). As of the date of the filing of this report, the provisions under the Term Sheet have not been consummated. As such, the assets and liabilities of Straight Path IP Group have been classified as assets held for sale and liabilities held for sale on the consolidated balance sheet.

The Company incurred costs totaling approximately $1,054,000 related to the negotiation and execution of the Term Sheet. These costs will be included in the gain/loss recognized if the transaction is consummated. If the transaction is not consummated, the costs will be charged to operations in the period when such determination is made.

For a further discussion of the transaction, see the Form 8-K filed by the Company with the SEC on April 10, 2017.