XML 40 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Cash Flows from Operating Activities    
Net income $ 1,652 $ 1,120
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 864 856
Amortization 553 504
Provision for doubtful accounts receivable 66 91
Stock-based compensation 807 713
Deferred income taxes 1,643 (215)
Gain on sale (9)  
(Increase) decrease in:    
Accounts receivable (861) (420)
Inventories (822) 672
Prepaid expenses (581) (302)
Income taxes refundable (282) (862)
(Decrease) increase in:    
Accounts payable (60) 312
Accrued expenses (497) (154)
Deferred revenue (966) (966)
Income taxes payable (70) (191)
Net cash provided by operating activities 1,437 1,158
Cash Flows from Investing Activities    
Proceeds from sale 18 0
Purchase of property and equipment (800) (397)
Acquisition of patents and other intangibles (229) (298)
Net cash used in investing activities (1,011) (695)
Cash flows from financing activities    
Proceeds from the issuance of common stock 36 65
Tax benefit associated with the exercise of non-qualified stock options 25 72
Net cash provided by financing activities 61 137
Foreign exchange rate effect on cash and cash equivalents (204) (181)
Net increase in cash and cash equivalents 283 419
Cash and cash equivalents    
Beginning 12,470 12,680
Ending $ 12,753 $ 13,099