COMMITMENTS

3 Months Ended

Oct. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments Disclosure [Text Block]

NOTE 5 – COMMITMENTS

The Company leases office space under operating leases. Lease commitments include leases for the Company’s corporate headquarters in Bellevue, Washington, and branch offices in Chicago, Illinois and Milwaukie Oregon. These leases expire between November 30, 2011 and April 30, 2015.

Future minimum payments at October 31, 2011 under operating leases, for office space were as follows (in thousands):

	Executive office		Corp owned office		Corp owned office		Total
Location:	Bellevue, WA		Chicago, IL		Milwaukie, OR
Expiration date:	April 30, 2015		November 30, 2011		October 31, 2012
Lease commitments for the year ending July 31,
2012(1)		119		-		3		122
2013		163		-		1		164
2014		166		-		-		166
2015		127		-		-		127
Total	$	575	$	-	$	4	$	579

(1) The expected payments for 2011 reflect future minimum payments for the nine-month period from November 1, 2011 to July 31, 2012.

Rent expense, including utilities and common area charges, was $71 and $76, respectively for the three-months ended October 31, 2011 and 2010.

In addition to the foregoing lease commitments, the Company is a party to several non-cancelable and non-refundable purchase commitments. Those purchase obligations consist primarily of arrangements for telecommunications and co-location services for the Company’s network operations.

Future minimum payments at October 31, 2011 under the non-cancelable commitments were as follows (in thousands):

Year ending July 31,	U.S. dollars
2012 (1)		29
2013		12
Total	$	41

(1) The expected payments for 2011 reflect future minimum payments for the nine-month period from November 1, 2011 to July 31, 2012.