SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 31, 2022

Accounting Policies [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

The allowance for doubtful accounts consisted of the following:

	July 31, 2022		July 31, 2021
	(In thousands)
Balance at beginning of year	$	49	$	134
Provisions charged to expense	—		—
Accounts written off	—		(6)
Recovered	(5)		(79)
Balance at end of year	$	44	$	49

Cash and Cash Equivalents

Cash and cash equivalents consisted of the following:

	July 31, 2022		July 31, 2021
	(In thousands)
Cash and bank deposits	$	21,386	$	20,915
Money market funds	31,756		37,202
	$	53,142	$	58,117

The amount of cash, cash equivalents and restricted cash as of July 31, 2022 and 2021 in the consolidated statements of cash flows is reconciled to the Company's consolidated balance sheets as follows:

	July 31,
	2022		2021
	(In thousands)
Cash and cash equivalents	$	53,142	$	58,117
Funds held for clients	4,903		8,212
Cash, cash equivalents and restricted cash	$	58,045	$	66,329

Estimated Useful Lives of Property and Equipment

The estimated useful lives are as follows:

Category	Useful Lives
Machinery and equipment	5 years
Leasehold improvements	Shorter of the lease term or the estimated useful life of the asset
Software	5 years
Computer hardware	3 years
Other	5 years