Long-Lived Assets

12 Months Ended

Jul. 31, 2016

Property, Plant and Equipment [Abstract]

Long-Lived Assets

10. LONG-LIVED ASSETS

The Company’s long-lived assets include furniture and equipment, computers, tooling, websites and software, leasehold improvements, patents and trademarks. Tooling and equipment, net of accumulated depreciation, consisted of the following at July 31, 2016 and 2015 (in thousands):

	Estimated Useful Life	July 31, 2016			July 31, 2015
Furniture and fixtures, leasehold improvements, office equipment and computers	3 – 5 years	$	85		$	85
Website and software	3 years		26			26
			111			111
Less accumulated depreciation			(111	)		(110	)
Tooling and equipment, net		$	0		$	1

Depreciation expense was $1,000 and $0 for the years ended July 31, 2016 and 2015, respectively. Nine Exer-Rest AT3800 and AT4700 demonstration units are included in demo equipment at an aggregate cost of $25,000. These units were placed in service in fiscal 2009 and 2010, and were fully depreciated based upon five-year estimated useful lives.