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Equity Investments (Tables) | 9 Months Ended
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Apr. 30, 2022
Cash and Cash Equivalents [Abstract] |
Schedule of Equity Investments | Equity investments consist of the following: Schedule of Equity Investments
|  | April 30, 2022 |  |  | July 31, 2021 |
|  | (in thousands) |
Zedge, Inc. Class B common stock, 42,282 shares at April 30, 2022 and July 31, 2021 |  | $ | 217 |  |  | $ | 649 |
Rafael Holdings, Inc. Class B common stock, 290,214 and 246,565 shares at April 30, 2022 and July 31, 2021, respectively |  |  | 624 |  |  |  | 12,479 |
Rafael Holdings, Inc. restricted Class B common stock, nil and 43,649 shares at April 30, 2022 and July 31, 2021, respectively |  |  | — |  |  |  | 2,209 |
Other marketable equity securities |  |  | 3,048 |  |  |  | 3,630 |
Fixed income mutual funds |  |  | 12,290 |  |  |  | 23,467 |
Current equity investments |  | $ | 16,179 |  |  | $ | 42,434 |
Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) |  | $ | 2,131 |  |  | $ | 2,465 |
Series B and Series C convertible preferred stock—equity method investment |  |  | 1,744 |  |  |  | 2,901 |
Hedge funds |  |  | 2,619 |  |  |  | 3,563 |
Other |  |  | 825 |  |  |  | 2,725 |
Noncurrent equity investments |  | $ | 7,319 |  |  | $ | 11,654 |
Schedule of Carrying Value of Equity Investments | The changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company elected the measurement alternative was as follows: Schedule of Carrying Value of Equity Investments
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 2,539 |  |  | $ | 2,223 |  |  | $ | 2,743 |  |  | $ | 4,109 |
Redemption for Visa mandatory release assessment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,870 | )
Adjustment for observable transactions involving a similar investment from the same issuer |  |  | (130 | ) |  |  | 404 |  |  |  | (334 | ) |  |  | 388 |
Redemptions |  |  | — |  |  |  | (6 | ) |  |  | — |  |  |  | (6 | )
Impairments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of the period |  | $ | 2,409 |  |  | $ | 2,621 |  |  | $ | 2,409 |  |  | $ | 2,621 |
Schedule of Unrealized (losses) Gains for All Equity Investments | Unrealized gains and losses for all equity investments included the following: Schedule of Unrealized (losses) Gains for All Equity Investments
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Net (losses) gains recognized during the period on equity investments |  | $ | (3,416 | ) |  | $ | 5,435 |  |  | $ | (20,862 | ) |  | $ | 5,822 |
Less: net gains recognized during the period on equity investments sold during the period |  |  | — |  |  |  | — |  |  |  | 10 |  |  |  | — |
Unrealized (losses) gains recognized during the period on equity investments still held at the reporting date |  | $ | (3,416 | ) |  | $ | 5,435 |  |  | $ | (20,872 | ) |  | $ | 5,822 |
Summary of Changes in Equity Method Investments | The following table summarizes the change in the balance of the Company’s equity method investment: Summary of Changes in Equity Method Investments
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 2,509 |  |  | $ | — |  |  | $ | 2,901 |  |  | $ | — |
Purchase of convertible preferred stock |  |  | — |  |  |  | 4,000 |  |  |  | 1,051 |  |  |  | 4,000 |
Equity in the net loss of investee |  |  | (583 | ) |  |  | (386 | ) |  |  | (1,662 | ) |  |  | (386 | )
Amortization of equity method basis difference |  |  | (182 | ) |  |  | (142 | ) |  |  | (546 | ) |  |  | (142 | )
Balance, end of the period |  | $ | 1,744 |  |  | $ | 3,472 |  |  | $ | 1,744 |  |  | $ | 3,472 |
Summary of Statements of Operations | Summarized financial information of the EMI was as follows (fiscal 2021 financial information is for the period from February 2, 2021 to April 30, 2021): Summary of Statements of Operations
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Revenues |  | $ | 2,689 |  |  | $ | 718 |  |  | $ | 5,760 |  |  | $ | 718 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct cost of revenues |  |  | 4,402 |  |  |  | 804 |  |  |  | 7,307 |  |  |  | 804 |
Selling, general and administrative |  |  | 1,265 |  |  |  | 1,525 |  |  |  | 3,928 |  |  |  | 1,525 |
Total costs and expenses |  |  | 5,667 |  |  |  | 2,329 |  |  |  | 11,235 |  |  |  | 2,329 |
Loss from operations |  |  | (2,978 | ) |  |  | (1,611 | ) |  |  | (5,475 | ) |  |  | (1,611 | )
Other expense |  |  | (82 | ) |  |  | — |  |  |  | (83 | ) |  |  | — |
Net loss |  | $ | (3,060 | ) |  | $ | (1,611 | ) |  | $ | (5,558 | ) |  | $ | (1,611 | )

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