PROPERTY AND EQUIPMENT

12 Months Ended

Jul. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

Property and equipment at cost, consists of the following:

	Successor
	July 31, 2024		July 31, 2023
	(In thousands)
Machinery and equipment	3,075		1,388
Leasehold improvements	2,027		606
Software	1,595		1,133
Computer hardware	740		400
Other	519		627
	7,956		4,154
Less: accumulated depreciation and amortization	(2,420)		(456)
Property and equipment, net	$	5,536	$	3,698

As part of pushdown accounting, the accumulated depreciation of property and equipment balances were eliminated to establish the new cost basis in the Company’s property and equipment as of May 1, 2023.