Intangible Assets, Net and Goodwill (Tables)

12 Months Ended

Jul. 31, 2023

Intangible Assets, Net and Goodwill [Abstract]

Schedule of Intangible Assets

The following table presents the detail of intangible assets, net as of July 31, 2023 and 2022 (in thousands):

	July 31, 2023						July 31, 2022
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Emojipedia.org and other internet domains acquired		6,711		894		5,817		6,711		446		6,265
Acquired developed technology		3,950		1,028		2,922		3,950		238		3,712
Customer relationships		7,800		1,013		6,787		7,800		233		7,567
Trade names		3,570		387		3,183		3,570		89		3,481
Total intangible assets	$	22,031	$	3,322	$	18,709	$	22,031	$	1,006	$	21,025

Schedule of Estimated Future Amortization Expense

Estimated future amortization expense as of July 31, 2023 is as follows (in thousands):

Fiscal 2024		2,315
Fiscal 2025		2,315
Fiscal 2026		2,315
Fiscal 2027		2,315
Fiscal 2028		2,315
Thereafter		7,134
Total	$	18,709

Schedule of Carrying Amount of Goodwill

The Company’s goodwill related to acquisitions is carried on the balance sheet of Zedge Europe AS and GuruShots Ltd. The table below reconciles the change in the carrying amount of goodwill for the period from July 31, 2021 to July 31, 2023:

(in thousands)	Carrying Amounts
Balance as of July 31, 2021	$	2,262
Goodwill acquired during the period		8,907
Measurement period adjustment		(180	)
Impact of currency translation		(201	)
Balance as of July 31, 2022		10,788
Goodwill impairment charge		(8,727	)
Impact of currency translation		(100	)
Balance as of July 31, 2023	$	1,961