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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 7,460,000 $ (12,271,000)
Less: Loss from discontinued operations, net of tax 0 108,000
Net income (loss) from continuing operations 7,460,000 (12,163,000)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation 1,427,000 1,698,000
Amortization of deferred financing costs 36,000 102,000
Accretion of debt discount 1,510,000 1,229,000
Share-based compensation 529,000 519,000
Non-cash lease expense 6,760,000 7,083,000
Bad debt expense (recovery) 1,136,000 (3,000)
Other losses, net (3,962,000) (1,605,000)
Changes in operating assets and liabilities:    
Accounts receivable, net 2,933,000 (8,783,000)
Inventories, net 1,440,000 (1,291,000)
Prepaid expenses and other current assets (1,237,000) 240,000
Accounts payable, accrued restructuring and accrued expenses (3,886,000) 2,076,000
Refundable and accrued income taxes, net (829,000) 142,000
Other assets and liabilities (4,317,000) 5,489,000
Net cash provided by (used in) operating activities 9,000,000 (5,267,000)
Cash flows from investing activities:    
Additions of property and equipment (1,311,000) (1,142,000)
Proceeds from the disposition of property and equipment 166,000 0
Proceeds from sale of securities 1,881,000 0
Net cash provided by (used in) investing activities 736,000 (1,142,000)
Cash flows from financing activities:    
Series C redeemable preferred stock dividend payments (1,593,000) (1,598,000)
Repayments on capital lease obligations (38,000) (54,000)
Repayments on convertible debt (1,149,000) 0
Net cash used in financing activities (2,780,000) (1,652,000)
Net effect of exchange rate changes on cash, cash equivalents and restricted cash 895,000 (774,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 7,851,000 (8,835,000)
Cash, cash equivalents and restricted cash, beginning of period 58,045,000 66,329,000
Cash, cash equivalents and restricted cash, end of period 65,896,000 57,494,000
Cash and cash equivalents, end of period 62,738,000 49,914,000
Restricted cash for funds held for clients, end of period 3,158,000 7,580,000
Cash, cash equivalents and restricted cash, end of period 65,896,000 57,494,000
Cash flows from discontinued operations:    
Operating activities 0 (6,738,000)
Investing activities 0 625,000
Financing activities 0 4,230,000
Net cash used in discontinued operations $ 0 $ (1,883,000)