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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 31, 2022
Jul. 31, 2022
Current Assets    
Cash and cash equivalents $ 59,948 $ 53,142
Accounts receivable, trade, net of allowance for doubtful accounts of $1,004 and $44 at October 31, 2022 and July 31, 2022, respectively 35,680 40,083
Inventories, net 8,991 8,151
Funds held for clients 4,856 4,903
Prepaid expenses and other current assets 3,692 3,551
Total current assets 113,167 109,830
Property and equipment, net 3,504 3,534
Operating lease right-of-use assets 17,491 19,655
Other assets 3,772 4,730
Total assets 137,934 137,749
Current Liabilities    
Accounts payable 31,633 30,553
Accrued expenses 27,285 28,396
Funds held for clients 4,856 4,903
Current lease obligations 5,581 6,466
Other current liabilities 13,643 13,482
Total current liabilities 82,998 83,800
Convertible note payable 11,557 11,047
Long-term lease obligations 11,754 12,945
Other long-term liabilities 4,969 3,983
Total long-term liabilities 28,280 27,975
Total liabilities 111,278 111,775
Contingently redeemable preferred stock, $0.01 par value per share. 35,000 shares authorized, issued and outstanding at October 31, 2022 and July 31, 2022 35,180 35,180
Stockholders' deficit:    
Preferred stock, $0.01 par value per share. 4,965,000 shares authorized at October 31, 2022 and July 31, 2022; zero shares issued and outstanding at October 31, 2022 and July 31, 2022 0 0
Common stock, $0.01 par value per share. Authorized 1,400,000,000 shares; 60,657,539 issued and outstanding shares at October 31, 2022; 60,529,558 issued and outstanding shares at July 31, 2022 606 605
Additional paid-in capital 7,479,542 7,479,366
Accumulated deficit (7,488,897) (7,493,317)
Accumulated other comprehensive income 225 4,140
Total stockholders' deficit (8,524) (9,206)
Total liabilities, contingently redeemable preferred stock and stockholders' deficit $ 137,934 $ 137,749