Stockholders’ Equity (Tables)

12 Months Ended

Jul. 31, 2023

Stockholders’ Equity [Abstract]

Schedule of Stock Option Activity

A summary of the option activity pursuant to the Company’s stock option plan for the years ended July 31, 2023 and 2022:

	2023					2022
	Options			Weighted - Average Exercise Price		Options			Weighted - Average Exercise Price
Outstanding at beginning of year		3,941,783		$	3.00		2,504,563		$	3.74
New Grants		640,000		$	2.01		1,858,250		$	2.88
Exercised		(6,667	)	$	2.14		(11,300	)	$	2.49
Expired or forfeited		(745,616	)	$	4.15		(409,730	)	$	7.00
Outstanding at end of year		3,829,500		$	2.61		3,941,783		$	3.00
Exercisable at end of year		2,195,867		$	2.65		1,794,399		$	3.14
Weighted average fair value of options granted during year				$	1.03				$	1.52

Schedule of Assumptions used to Determine the Fair Value of Options Granted

Listed below are the assumptions used to determine the fair value of options granted during fiscal years 2023 and 2022:

Grant Year	Options Granted	Exercise Price Range	Term (years)	Vesting Period (years)	FMV of options Granted/Per Share	Expected Life (years)	Expected Volatility %	Interest Rate %
2023	640,000	$ 1.97 – $2.42	5	3	$ 1.07 – $1.28	3.5	73.44 – 73.77	3.03 – 4.10
2022	1,858,250	$ 2.21 – $3.64	5	3	$ 1.17 – $1.78	3.5	73.25 – 74.52	1.73 – 3.03

Schedule of Stock Options Outstanding

The following table summarizes information for stock options outstanding at July 31, 2023:

Range of Exercise prices	Shares		Weighted- Average Remaining Contractual Life in Years		Weighted- Average Exercise Price
$1.97 - $2.42		1,757,333		3.5	$	2.14
$2.63 – $2.80		1,131,917		1.4	$	2.72
$2.93 - $3.39		940,250		3.3	$	3.34
		3,829,500

Range of Exercise prices	Shares		Weighted- Average Remaining Contractual Life in Years		Weighted- Average Exercise Price
$1.97 - $2.42		728,833		2.6	$	2.20
$2.63 – $2.80		1,113,450		1.3	$	2.72
$2.93 - $3.39		353,583		3.3	$	3.34
		2,195,867

Schedule of Summarizes Restricted Stock Unit (“RSU”) Activity

The following table summarizes RSU activity for the fiscal year ended July 31, 2023:

	Number of  RSUs  outstanding			Weighted Average Fair Value per Unit at Date of Grant or Vesting		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value (000s)
Outstanding at beginning of fiscal year		502,187		$	2.95		0.8 years		1,190
Granted		325,564		$	1.53				497
Vested		(270,261	)	$	1.64
Cancelled		—		$
Outstanding at end of period		557,490		$	2.21		1.1 years	$	825
Expected to vest at end of period		557,490		$	2.21		1.1 years	$	825

	Number of  RSUs  outstanding		Weighted Average Fair Value per Unit at Date of Grant or Vesting		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value (000s)
Granted		502,187	$
Vested		—		—
Cancelled		—	$	—
Outstanding at end of period		502,187	$	2.95		1.8 years	$	1,190
Expected to vest at end of period		502,187	$	2.95		1.8 years	$	1,190

Schedule of PSU’s Granted and Outstanding

The following table summarizes PSU’s granted and outstanding through July 31, 2023:

Grant Date	Total Grant		Forfeitures			Outstanding		Fair Market Value At Grant Date (000s)
10/19/2020		98,600		(53,600	)		45,000	$	95