DEBT (Tables)

3 Months Ended

Oct. 31, 2023

Debt Disclosure [Abstract]

Summary of Components of Debt and Reconciliation to Carrying Amount

The components of debt are presented in the table below:

	Successor
	October 31, 2023		July 31, 2023
	(In thousands)
Unsecured
7.50% Convertible Senior Note due September 1, 2024	$	12,327	$	12,461
Credit Facilities
Umpqua Revolver	—		—
Total debt, net	$	12,327	$	12,461

Net carrying value of SPG note

Below is a reconciliation of interest expense related to the SPHG Note to total interest expense:

	Successor		Predecessor
	Three Months Ended October 31,		Three Months Ended October 31,
	2023		2022
	(In thousands)
Interest expense related to contractual interest coupon on the SPHG Note	$	247	$	286
Interest expense related to accretion of the discount on the SPHG Note(a)	—		510
Interest expense related to revolving credit facilities (see below)	—		11
Other	—		19
Total interest expense	$	247	$	826

(a) Prior to the date of the Exchange Transaction, the discount on the SPHG Note was amortized using the effective interest rate method. The effective interest rate on the SPHG Note was 27.80% prior to the SPHG Note Amendment.