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Leases | 3 Months Ended
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Oct. 31, 2023
Leases |
Leases | Note 4—Leases The Company’s leases primarily consist of operating leases for office space. These leases have remaining terms from less than one year to five years. net2phone also has operating leases for office equipment. Certain of these leases contain renewal options that may be exercised and/or options to terminate the lease. The Company has concluded that it is not reasonably certain that it would exercise any of these options. net2phone is the lessee under equipment leases that are classified as finance leases. The assets and liabilities related to these finance leases are not material to the Company’s consolidated balance sheets. Supplemental disclosures related to the Company’s operating leases were as follows: Schedule of Supplemental Disclosures Related to the Company's Operating Leases
|  | Three Months Ended October 31, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Operating lease cost |  | $ | 758 |  |  | $ | 767 |
Short-term lease cost |  |  | 326 |  |  |  | 269 |
Total lease cost |  | $ | 1,084 |  |  | $ | 1,036 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 791 |  |  | $ | 764 |
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases |  | $ | 791 |  |  | $ | 764 |
Schedule of Supplemental Disclosures Related Weighted Average Operating Leases
|  | October 31, 2023 |  |  | July 31, 2023 |
Weighted-average remaining lease term-operating leases |  |  | 2.1 years |  |  |  | 2.3 years |
Weighted-average discount rate-operating leases |  |  | 3.9 | % |  |  | 3.7 | %
In the three months ended October 31, 2023 and 2022, the Company obtained right-of-use assets of $0.1 million and $0.4 million, respectively, in exchange for new operating lease liabilities. The Company’s aggregate operating lease liability was as follows: Schedule of Aggregate Operating Lease Liability
|  | October 31, 2023 |  |  | July 31, 2023 |
|  | (in thousands) |
Operating lease liabilities included in “Other current liabilities” |  | $ | 2,732 |  |  | $ | 2,861 |
Operating lease liabilities included in noncurrent liabilities |  |  | 2,346 |  |  |  | 2,881 |
Total |  | $ | 5,078 |  |  | $ | 5,742 |
Future minimum maturities of operating lease liabilities were as follows: Schedule of Future Minimum Maturities of Operating Lease Liabilities
(in thousands) |  |  |  |
Twelve-month period ending October 31: |  |  |  |
2024 |  | $ | 2,883 |
2025 |  |  | 1,713 |
2026 |  |  | 478 |
2027 |  |  | 220 |
2028 |  |  | 12 |
Thereafter |  |  | — |
Total lease payments |  |  | 5,306 |
Less imputed interest |  |  | (228 | )
Total operating lease liabilities |  | $ | 5,078 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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