Discontinued Operations

12 Months Ended

Jul. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations

12. 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):

	July 31, 2012			July 31, 2011
Cash	$	—		$	—
Accounts receivable		—			—
Accounts receivable—related party		—			—
Inventories		—			—
Total current assets		—			—
Property and equipment, net		—			—
Total assets	$	—		$	—
Accrued expenses and other		18			18
Total liabilities	$	18		$	18
Net assets (liabilities)—discontinued operations	$	(18	)	$	(18	)

	For the Years Ended July 31,
	2012		2011
Revenue	$	—	$	34
Cost of revenue		—		145
Gross profit (loss)		—		(111	)
Operating expenses		—		107
Other income		—		14
Total expense		—		121
Foreign currency translation adjustment		—		107
Net (loss)	$	—	$	(125	)