Leases (Tables)

3 Months Ended

Oct. 31, 2023

Leases [Abstract]

Schedule of Lease Agreements Include Rental Payments

Certain of the Company’s lease agreements include rental payments adjusted periodically for inflation or a market rate which are included in the lease liabilities.

Leases	Balance Sheet Classification	October 31, 2023		July 31, 2023
Assets
Operating	Right-of-use assets	$	3,405	$	3,626
Total lease assets		$	3,405	$	3,626
Liabilities
Current:
Operating	Current portion of operating lease liabilities	$	920	$	980
Non-current:
Operating	Operating lease liabilities, non-current		2,972		3,160
Total lease liabilities		$	3,892	$	4,140

Schedule of Components of Lease Cost

For the three months ended October 31, components of lease cost were as follows:

Lease Cost	2023		2022
Operating lease cost – net (a)	$	141	$	262

(a) Net of $126 sublease income for the three months ended October 31, 2023.

Schedule of Lease Liabilities

The maturity of the Company’s lease liabilities as of October 31, 2023 is as follows:

Maturity of lease liabilities, years ending July 31,	Operating leases
2024	$	863
2025		896
2026		886
2027		881
2028		808
Total lease payments		4,334
Less: Interest (a)		(442	)
Present value of lease liabilities	$	3,892

(a) Primarily calculated using the Company’s incremental borrowing rate.

Schedule of Lease Term and Discount Rate

Lease term and discount rate for the for the three months ended October 31 were as follows:

Lease term and discount rate	2023			2022
Weighted-average remaining lease term (years):
Operating leases		4.5 years			5.5 years
Weighted-average discount rate:
Operating leases		5.1	%		5.1	%