• Filing Date: 2020-06-12
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Operating activities    
Net loss $ (1,026) $ (2,142)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,216 1,022
Loss on disposal of furniture and fixtures 3
Stock-based compensation 397 449
Change in assets and liabilities:    
Trade accounts receivable 198 573
Prepaid expenses and other current assets 259 178
Other assets 24 6
Trade accounts payable and accrued expenses and other current liabilities (37) 99
Due to IDT Corporation (1)
Deferred revenues 552 284
Net cash provided by operating activities 1,583 471
Investing activities    
Capitalized software and technology development costs and purchase of equipment (613) (1,277)
Investment in privately-held company   (250)
Net cash used in investing activities (613) (1,527)
Financing activities    
Proceeds from sales of Class B Common Stock 2,250
Payment of issuance costs (141)
Proceeds from PPP loan payable 218
Repayment of insurance premium loan payable (125)
Proceeds from exercise of stock options 4 2
Purchase of treasury stock in connection with restricted stock vesting (29) (31)
Net cash provided by (used in) financing activities 2,177 (29)
Effect of exchange rate changes on cash and cash equivalents (126) (75)
Net increase (decrease) in cash and cash equivalents 3,021 (1,160)
Cash and cash equivalents at beginning of period 1,609 3,408
Cash and cash equivalents at end of period 4,630 2,248
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments made for interest expenses 3
Cash payments made for income taxes $ 1