Discontinued Operations

6 Months Ended

Jan. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations

9. Discontinued Operations

The Company has evaluated its wholly-owned subsidiary in China and determined that the operation has not provided a strategic benefit to the Company. The Company charged off inventories of approximately $134,000 and discontinued the China operations in the second fiscal quarter of 2011. In conjunction with exit of operations in China, the Company reversed approximately $107,000 of accumulated foreign currency translation adjustments related to the China operation in the fiscal year ended July 31, 2011. Consequently, current and prior period financial activity and balances are reported as discontinued operations.

Summarized financial information for discontinued operations for the referenced periods is as follows (in thousands):

	January 31,			July 31,
	2012			2011
Total assets	$	—		$	—
Accrued expenses and other		18			18
Total liabilities	$	18		$	18
Net liabilities - discontinued operations	$	(18	)	$	(18	)

	Three Months Ended					Six Months Ended
	January 31,					January 31,
	2012		2011			2012		2011
Revenue	$	—	$	—		$	—	$	34
Cost of revenue		—		15			—		145
Gross profit		—		(15	)		—		(111	)
Operating expenses		—		22			—		107
Other expense				14					14
Total expense		—		36			—		121
Net loss	$	—	$	(51	)	$	—	$	(232	)