Subordinated Credit Facility (Tables)

3 Months Ended

Oct. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Line of Credit Facilities

The amount outstanding under our Credit Facility was as follows:

	October 31, 2024		July 31, 2024
Term Loan	$	166,995,000	$	161,663,000
Less unamortized deferred financing costs related to Term Loan	6,181,000		6,425,000
Less unamortized discount related to Term Loan	15,926,000		13,202,000
Term Loan, net	144,888,000		142,036,000
Revolving Loan	32,500,000		32,500,000
Embedded derivative related to Credit Facility	4,992,000		3,041,000
Amount outstanding under Credit Facility, net	$	182,380,000	177,577,000
Less current portion of credit facility, net	182,380,000		4,050,000
Non-current portion of credit facility, net	$	—	$	173,527,000

The following table presents a reconciliation of the amount understanding under the Subordinated Credit Facility to its net carrying value:

	October 31, 2024
Subordinated Credit Facility	$	25,000,000
Less: Unamortized deferred financing costs	1,740,000
Less: Unamortized discount	3,284,000
Accretion of Make-Whole Amount	193,000
Subordinated Credit Facility, net - subtotal	20,169,000
Plus: Embedded derivative related to redemption features	3,566,000
Amount outstanding under the Subordinated Credit Facility	23,735,000
Less: Current portion of Subordinated Credit Facility, net	(23,735,000)
Non-current portion of Subordinated Credit Facility, net	$	—