Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2017	Jul. 31, 2016
Current assets:
Cash and cash equivalents	$ 8,535	$ 11,361
Trade accounts receivable, net of allowance for doubtful accounts of $19 and $0, respectively	51	40
Inventory	1,588
Assets held for sale - Intellectual Property Business	3
Prepaid expenses and other current assets	118	1,627
Total current assets	10,295	13,028
Prepaid expenses - related to the sale of IP Business to IDT	1,029
Intangible assets	365	365
Other assets	161	104
Total assets	11,850	13,497
Current liabilities:
Trade accounts payable (related party of $29 and $25)	3,210	684
Accrued expenses (related party of $900 and $65)	3,502	1,042
Liabilities held for sale - Intellectual Property Business	357
Fcc Consent Decree Payable	3,500
Loans payable, net of debt discount of $1,101 and $0, respectively	11,274
Deferred revenue	217	73
Income taxes payable		225
Total current liabilities	22,060	2,024
Settlement of litigation	7,200
Deferred revenue - long-term portion	75	92
Total liabilities	29,335	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	38,377	21,589
Accumulated deficit	(52,872)	(8,225)
Treasury stock, 40 shares at cost at July 31, 2017 and 2016	(428)	(428)
Total Straight Path Communications Inc. stockholders' equity (deficiency)	(14,795)	13,058
Noncontrolling interests	(2,690)	(1,677)
Total equity (deficiency)	(17,485)	11,381
Total liabilities and equity (deficiency)	11,850	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	$ 120	$ 114