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Leases | 12 Months Ended
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Jul. 31, 2025
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 approximately five years. 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. The Company has also elected to apply the practical expedient for short-term leases whereby we do not recognize a lease liability or a right-of-use asset for leases with a term of 12 months or less. The Company recognizes short-term leases on a straight-line basis. Supplemental disclosures related to the Company’s operating leases were as follows: Schedule of Supplemental Disclosures Related to the Company’s Operating Leases
Year ended July 31 (in thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Operating lease cost |  | $ | 2,081 |  |  | $ | 2,557 |  |  | $ | 3,175 |
Short-term lease cost |  |  | 1,367 |  |  |  | 924 |  |  |  | 1,095 |
TOTAL LEASE COST |  | $ | 3,448 |  |  | $ | 3,481 |  |  | $ | 4,270 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 2,147 |  |  | $ | 2,588 |  |  | $ | 3,262 |
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases |  | $ | 2,147 |  |  | $ | 2,588 |  |  | $ | 3,262 |
Schedule of Supplemental Disclosure Related Weighted Average Operating Leases
July 31 |  | 2025 |  |  | 2024 |
Weighted-average remaining lease term-operating leases |  |  | 2.7 years |  |  |  | 2.6 years |
Weighted-average discount rate-operating leases |  |  | 5.2 | % |  |  | 5.6 | %
In fiscal 2025, fiscal 2024, and fiscal 2023, the Company obtained right-of-use assets of $0.6 million, $0.9 million, and $1.8 million, respectively, in exchange for new operating lease liabilities. In fiscal 2024, the Company modified its lease at 520 Broad St, Newark, New Jersey and reduced the related right-of-use asset by $0.8 million and the related operating lease liability by $0.9 million. The Company’s aggregate operating lease liability was as follows: Schedule of Aggregate Operating Lease Liability
July 31 (in thousands) |  | 2025 |  |  | 2024 |
Operating lease liabilities included in “Other current liabilities” |  | $ | 842 |  |  | $ | 1,866 |
Operating lease liabilities included in noncurrent liabilities |  |  | 1,103 |  |  |  | 1,533 |
TOTAL |  | $ | 1,945 |  |  | $ | 3,399 |
Future minimum maturities of operating lease liabilities were as follows: Schedule of Future Minimum Maturities of Operating Lease Liabilities
(in thousands) |  |  |
Year ending July 31: |  |  |  |
2026 |  | $ | 934 |
2027 |  |  | 671 |
2028 |  |  | 255 |
2029 |  |  | 190 |
2030 |  |  | 63 |
Thereafter |  |  | — |
Total lease payments |  |  | 2,113 |
Less imputed interest |  |  | (168 | )
Total operating lease liabilities |  | $ | 1,945 |

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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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