Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2017	Jul. 31, 2016
Current assets:
Cash and cash equivalents	$ 14,555	$ 11,361
Trade accounts receivable, net of allowance for doubtful accounts of $7 and $0, respectively	68	40
Inventory	1,669
Assets held for sale - Intellectual Property Business	33
Prepaid expenses and other current assets	183	1,627
Total current assets	16,508	13,028
Prepaid expenses - related to the sale of Spectrum Business to Verizon	2,856
Prepaid expenses - related to the sale of IP Business to IDT	1,054
Intangible assets	365	365
Other assets	164	104
Total Assets	20,947	13,497
Current liabilities:
Trade accounts payable	5,238	684
Accrued expenses	916	1,042
Liabilities held for sale - Intellectual Property Business	329
Loans payable, net of debt discount of $2,119 and $0, respectively	10,256
FCC consent decree payable	7,000
Deferred revenue	132	73
Income taxes payable		225
Total current liabilities	23,871	2,024
Settlement payable - stockholders	7,200
Deferred revenue - long-term portion	75	92
Total liabilities	31,146	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	36,235	21,589
Accumulated deficit	(43,774)	(8,225)
Treasury stock, 40 shares at cost	(428)	(428)
Total Straight Path Communications Inc. stockholders' equity (deficiency)	(7,840)	13,058
Noncontrolling interests	(2,359)	(1,677)
Total equity (deficiency)	(10,199)	11,381
Total liabilities and equity (deficiency)	20,947	13,497
Class A Common Stock
Straight Path Communications Inc. stockholders' equity:
Common stock, value	8	8
Class B Common Stock
Straight Path Communications Inc. stockholders' equity:
Common stock, value	$ 119	$ 114