Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jul. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Summary of company's revenues from its six product lines

The Company’s revenues from its three product lines are the result of separate, individual deliverables:

	Type of Revenues Earned
			Professional		Maintenance
Product Line	Equipment/Software		Services		Contracts
Cortelco Products		Individual sale		-		-
CSPR Products		Individual sale		Individual sale		Individual sale
CSPR Telephony Billing		-		Individual sale		-

Liabilities recorded at fair value

The following table presents information about the liabilities recorded at fair value at July 31, 2013, in the balance sheets (in thousands):

	Fair Value Measurements at July 31, 2013
	Quoted Prices		Significant
	In Active		Other		Significant
	Markets for		Observable		Unobservable		Total at
	Identical Assets		Inputs		Inputs		July 31,
	(Level 1)		(Level 2)		(Level 3)		2013
Notes payable-related parties	$	-	$	-	$	3,189	$	3,189
Total	$	-	$	-	$	3,189	$	3,189

The following table presents information about the liabilities recorded at fair value at July 31, 2012, in the balance sheets (in thousands): 

	Fair Value Measurements at July 31, 2012
	Quoted Prices		Significant
	In Active		Other		Significant
	Markets for		Observable		Unobservable		Total at
	Identical Assets		Inputs		Inputs		July 31,
	(Level 1)		(Level 2)		(Level 3)		2012
Notes payable-related parties	$	-	$	-	$	3,668	$	3,668
Total	$	-	$	-	$	3,668	$	3,668

Note Payable

The following represents transactions related to the note payable for the years ended July 31, 2013 and 2012 (in thousands).

	2013		2012
Beginning fair value	$	3,486	$	3,504
Imputed interest		487		518
Change in estimates		(796)		(368)
Interest (income) expense		(309)		150
Payments		(173)		(168)
Ending fair value - July 31	$	3,004	$	3,486