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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2023
Apr. 30, 2023
Jul. 31, 2022
Cash flows from operating activities:      
Net loss $ 8,149 $ 7,460 $ (10,968)
Loss from discontinued operations, net of tax 0 0 1,712
Net income (loss) from continuing operations 8,149 7,460 (9,256)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 456 1,427 2,220
Amortization of intangible assets 911 0 0
Amortization of deferred financing costs 0 36 102
Accretion of debt discount 0 1,688 1,704
Share-based compensation 236 529 701
Deferred taxes (250) 0 9,041
Non-cash lease expense 2,208 6,760 9,425
Bad debt expense (recovery) (297) 1,136 (5)
Other gains, net (5,687) (3,962) (4,087)
Non-cash impact of application of pushdown accounting 8,079 0 0
Changes in operating assets and liabilities:      
Accounts receivable, net 8,409 2,933 (5,251)
Inventories, net (1,567) 1,440 323
Prepaid expenses and other current assets 905 (1,237) 1,065
Accounts payable and accrued expenses (1,690) (3,886) 801
Refundable and accrued income taxes, net (214) (829) (471)
Other assets and liabilities (11,125) (4,495) (9,446)
Net cash provided by (used in) operating activities 8,523 9,000 (3,134)
Cash flows from investing activities:      
Additions to property and equipment (807) (1,311) (1,485)
Proceeds from the disposition of property and equipment 1 166 0
Proceeds from the sale of securities 53,644 1,881 0
Net cash provided by (used in) investing activities 52,838 736 (1,485)
Cash flows from financing activities:      
Series C redeemable preferred stock dividend payments (537) (1,593) (2,129)
Payment of deferred financing costs 0 (149) (95)
Repayments on capital lease obligations 0 (38) (73)
Repayments on debt (1,000) (1,000) 0
Payments for fractional shares resulting from the Reverse/Forward stock split (2,288) 0 0
Net cash used in financing activities (3,825) (2,780) (2,297)
Net effect of exchange rate changes on cash and cash equivalents (29) 895 (1,368)
Net increase (decrease) in cash, cash equivalents and restricted cash 57,507 7,851 (8,284)
Cash, cash equivalents and restricted cash, beginning of period 65,896 58,045 66,329
Cash, cash equivalents and restricted cash, end of period 123,403 65,896 58,045
Cash flows from discontinued operations:      
Operating activities 0 0 (6,738)
Investing activities 0 0 625
Financing activities 0 0 4,230
Net cash (used in) provided by discontinued operations $ 0 $ 0 $ (1,883)