Subordinated Credit Facility (Tables)

6 Months Ended

Jan. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Line of Credit Facilities

The amount of debt outstanding under our Credit Facility was as follows:

	January 31, 2025		July 31, 2024
Term Loan	$	170,440,000	$	161,663,000
Less unamortized deferred financing costs related to Term Loan	5,886,000		6,425,000
Less unamortized discount related to Term Loan	15,165,000		13,202,000
Term Loan, net	149,389,000		142,036,000
Revolving Loan	32,500,000		32,500,000
Embedded derivative related to Credit Facility	4,545,000		3,041,000
Amount outstanding under Credit Facility, net	$	186,434,000	177,577,000
Less current portion of credit facility, net	186,434,000		4,050,000
Non-current portion of credit facility, net	$	—	$	173,527,000

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

	January 31, 2025
Subordinated Credit Facility	$	25,000,000
Less: Unamortized deferred financing costs	1,675,000
Less: Unamortized discount	3,156,000
Plus: Accretion of Make-Whole Amount	1,315,000
Subordinated Credit Facility, net - subtotal	21,484,000
Plus: Embedded derivative related to redemption features	7,245,000
Amount outstanding under the Subordinated Credit Facility	28,729,000
Less: Current portion of Subordinated Credit Facility, net	(28,729,000)
Non-current portion of Subordinated Credit Facility, net	$	—