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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Operating activities    
Net (loss) income $ (6,102) $ 9,714
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 60 48
Amortization of intangible assets 2,316 1,008
Amortization of capitalized software and technology development costs 893 910
Amortization of deferred financing costs 3
Change in fair value of contingent consideration (1,943) (3,961)
Loss on goodwill impairment 8,727
Stock-based compensation 2,519 1,936
Deferred income taxes (981) (384)
Change in assets and liabilities:    
Trade accounts receivable (472) 371
Prepaid expenses and other current assets (173) (161)
Other assets 14 (6)
Trade accounts payable and accrued expenses (711) 436
Deferred revenue (988) 1,581
Net cash provided by operating activities 3,162 11,492
Investing activities    
Payments for business combination, net of cash acquired (17,422)
Payments for asset acquisitions (962) (917)
Capitalized software and technology development costs (1,406) (566)
Purchase of property and equipment (54) (45)
Net cash used in investing activities (2,422) (18,950)
Financing activities    
Proceeds from term loan payable 2,000
Payment of deferred financing costs (18)
Proceeds from exercise of stock options 1 9
Purchase of treasury stock in connection with share buyback program and stock awards vesting (1,596) (232)
Net cash provided by (used in) financing activities 387 (223)
Effect of exchange rate changes on cash and cash equivalents (87) (142)
Net increase (decrease) in cash and cash equivalents 1,040 (7,823)
Cash and cash equivalents at beginning of period 17,085 24,908
Cash and cash equivalents at end of period 18,125 17,085
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments made for income taxes 795 2,362
Cash payments made for interest expenses 118
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Contingent consideration fair value on acquisition date 5,904
Right-of-use assets acquired under operating leases 86
Acquisition of Emojipedia through release of escrow funds of $4,776, plus additional amounts due to seller of $1,923 and legal fees of $12 6,711
Accounts receivable from certain Emojipedia websites collected by Seller $ 45