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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2023
Jul. 31, 2023
Current Assets    
Cash and cash equivalents $ 276,705,000 $ 121,372,000
Accounts receivable, trade, net of allowance for credit losses of $211 and $219 at October 31, 2023 and July 31, 2023, respectively 27,974,000 28,616,000
Inventories, net 6,756,000 8,569,000
Funds held for clients 1,946,000 2,031,000
Prepaid expenses and other current assets 4,402,000 158,686,000
Total current assets 317,783,000 319,274,000
Property and equipment, net 3,724,000 3,698,000
Operating lease right-of-use assets 25,997,000 27,098,000
Investments 3,443,000 0
Other intangible assets, net 33,714,000 34,589,000
Goodwill 22,785,000 22,785,000
Other assets 3,149,000 3,737,000
Total assets 410,595,000 411,181,000
Current Liabilities    
Accounts payable 24,889,000 26,514,000
Accrued expenses 26,198,000 26,774,000
Funds held for clients 1,902,000 1,949,000
Current lease obligations 8,680,000 7,973,000
Convertible note payable 12,327,000 0
Other current liabilities 3,902,000 4,544,000
Total current liabilities 77,898,000 67,754,000
Convertible note payable 0 12,461,000
Long-term lease obligations 17,818,000 19,161,000
Other long-term liabilities 5,475,000 5,442,000
Total long-term liabilities 23,293,000 37,064,000
Total liabilities 101,191,000 104,818,000
Contingently redeemable preferred stock 237,739,000 237,739,000
Stockholders' equity:    
Preferred stock, $0.01 par value per share. 4,965,000 shares authorized at October 31, 2023 and July 31, 2023; zero shares issued and outstanding at October 31, 2023 and July 31, 2023 0 0
Common stock, $0.01 par value per share. Authorized 1,400,000,000 shares; 6,267,230 issued and outstanding shares at October 31, 2023; 6,250,493 issued and outstanding shares at July 31, 2023 65,000 65,000
Additional paid-in capital 61,671,000 61,534,000
Accumulated earnings 11,512,000 7,612,000
Accumulated other comprehensive loss (1,583,000) (587,000)
Total stockholders' equity 71,665,000 68,624,000
Total liabilities, contingently redeemable preferred stock and stockholders' equity 410,595,000 411,181,000
Series C Contingently Redeemable Preferred Stock    
Current Liabilities    
Contingently redeemable preferred stock 35,006,000 35,006,000
Series E Contingently Redeemable Preferred Stock    
Current Liabilities    
Contingently redeemable preferred stock $ 202,733,000 $ 202,733,000