Discontinued Operations (Tables)

9 Months Ended

Apr. 30, 2014

Discontinued Operations [Abstract]

Assets and liabilities related to discontinued operation

Further, assets and liabilities related to the discontinued operations in the accompanying consolidated balance sheets are as follows (in thousands):

	April 30,		July 31,
	2014		2013
Assets of Discontinued Operations
Trade and other accounts receivable	$	-	$	106
Prepaid and other current assets		14		26
Property and equipment, net		17		20
	$	31	$	152
Liabilities of Discontinued Operations
Accounts payable		0		4
Accrued expenses and other		35		62
	$	35	$	66

Condensed results of operation for discontinued operation

Condensed results of operations for the discontinued operations for the nine months ended April 30, 2014 and 2013 are as follows (in thousands):

	Nine Months Ended
	April 30,
	2014		2013
Revenues	$	32	$	983
Royalties earned from sale of business		161		-
Income from discontinued operations	$	140	$	240

Schedule of disposal group including divested operation balance sheet disclosures

Assets and liabilities related to the divestiture in the accompanying consolidated balance sheets are as follows (in thousands):

	April 30,		July 31,
	2014		2013
Assets of Divested Operations
Cash	$	1,611	$	1,649
Trade and other accounts receivable		3,513		4,261
Prepaid and other current assets		265		231
Property and equipment, net		441		483
Investments		596		990
	$	6,426	$	7,614
Liabilities of Divested Operations
Accounts payable		2,053		2,145
Accrued expenses and other		757		967
Notes payable - related parties		3,140		3,189
	$	5,950	$	6,301

Schedule of disposal group including divested operation income statement disclosures

Condensed results of operations related to the divestiture for the nine months ended April 30, 2014 and 2013 are as follows (in thousands):

	Nine Months Ended
	April 30,
	2014		2013
Revenues	$	13,674	$	15,019
Operating expenses		2,934		2,875
Interest income (expense)		(454)		168
Income (loss) from divested operations	$	(617)	$	721