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Leases (Tables)
9 Months Ended
Apr. 30, 2025
Leases [Abstract]  
Schedule of Right of Use Assets and Associated Liabilities of its Continuing Operations

The following table summarizes the Company’s right of use assets and associated liabilities of its continuing operations as of the dates indicated:

 

Leases  Balance Sheet Classification  April 30,
2025
   July 31,
2024
 
Assets           
Operating  Right-of-use assets  $2,472   $2,836 
Total lease assets     $2,472   $2,836 
              
Liabilities             
Current:             
Operating  Current portion of operating lease liabilities  $881   $841 
              
Non-current:             
Operating  Operating lease liabilities, non-current   1,920    2,403 
Total lease liabilities     $2,801   $3,244 

 

Components of lease cost were as follows:

 

   Three months ended
April 30,
   Nine months ended
April 30,
 
   2025   2024   2025   2024 
Operating lease cost – net (a)  $95   $141   $282   $472 

 

(a)Net of $126 and $378 of sublease income for the three and nine months ended April 30, 2025 and 2024, respectively.

Lease term and discount rate for the nine months ended April 30 were as follows:

 

Lease term and discount rate  2025   2024 
Weighted-average remaining lease term (years):        
Operating leases   3.2 years    4.1 years 
           
Weighted-average discount rate:          
Operating leases   5.4%   5.1%
Schedule of Maturities of the Company’s Lease Liabilities

The maturities of the Company’s lease liabilities as of April 30, 2025 are as follows:

 

Maturity of lease liabilities, years ending July 31,  Operating
leases
 
2025  $247 
2026   989 
2027   907 
2028   833 
2029   43 
Total lease payments   3,019 
Less: Interest (a)   (218)
Present value of lease liabilities  $2,801 

 

(a)Primarily calculated using the Company’s incremental borrowing rate.