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Equity Investments (Tables) | 6 Months Ended
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Jan. 31, 2025
Cash and Cash Equivalents [Abstract] |
Schedule of Equity Investments | Equity investments consist of the following: Schedule of Equity Investments
|  | January 31, 2025 |  |  | July 31, 2024 |
|  | (in thousands) |
Zedge, Inc. Class B common stock, 42,282 shares at January 31, 2025 and July 31, 2024 |  | $ | 115 |  |  | $ | 153 |
Rafael Holdings, Inc. Class B common stock, 278,810 shares at January 31, 2025 and July 31, 2024 |  |  | 574 |  |  |  | 416 |
Other marketable equity securities |  |  | 16 |  |  |  | 70 |
Fixed income mutual funds |  |  | 4,386 |  |  |  | 4,370 |
Current equity investments |  | $ | 5,091 |  |  | $ | 5,009 |
Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) |  | $ | 892 |  |  | $ | 695 |
Visa Inc. Series A Convertible Participating Preferred Stock (“Visa Series A Preferred”) |  |  | — |  |  |  | 877 |
Convertible preferred stock—equity method investment |  |  | 752 |  |  |  | 1,338 |
Hedge funds |  |  | 2,879 |  |  |  | 2,883 |
Other |  |  | 2,225 |  |  |  | 725 |
Noncurrent equity investments |  | $ | 6,748 |  |  | $ | 6,518 |
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
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Three Months Ended January 31, |  |  | Six Months Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 1,027 |  |  | $ | 1,747 |  |  | $ | 964 |  |  | $ | 1,632 |
Adjustment for observable transactions involving a similar investment from the same issuer |  |  | 134 |  |  |  | 202 |  |  |  | 197 |  |  |  | 187 |
Upward adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 130 |
Redemption |  |  | — |  |  |  | (230 | ) |  |  | — |  |  |  | (230 | )
Impairments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of the period |  | $ | 1,161 |  |  | $ | 1,719 |  |  | $ | 1,161 |  |  | $ | 1,719 |
Schedule of Unrealized Gains (losses) Gains for All Equity Investments | Unrealized gains (losses) for all equity investments measured at fair value included the following: Schedule of Unrealized Gains (losses) Gains for All Equity Investments
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Three Months Ended January 31, |  |  | Six Months Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Net gains (losses) recognized during the period on equity investments |  | $ | 396 |  |  | $ | 715 |  |  | $ | 774 |  |  | $ | (202 | )
Less: net gains recognized during the period on equity investments sold during the period |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 130 |
Unrealized gains (losses) recognized during the period on equity investments still held at the reporting date |  | $ | 396 |  |  | $ | 715 |  |  | $ | 774 |  |  | $ | (332 | )
The unrealized gains and losses for all equity investments measured at fair value in the table above included the following:
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Three Months Ended January 31, |  |  | Six Months Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Unrealized gains (losses) recognized during the period on equity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rafael Class B common stock |  | $ | 58 |  |  | $ | 9 |  |  | $ | 158 |  |  | $ | (53 | )
Zedge Class B common stock |  | $ | (15 | ) |  | $ | 57 |  |  | $ | (38 | ) |  | $ | 49 |
Equity securities unrealized gain loss |  | $ | (15 | ) |  | $ | 57 |  |  | $ | (38 | ) |  | $ | 49 |
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
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Three Months Ended January 31, |  |  | Six Months Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 1,231 |  |  | $ | 2,444 |  |  | $ | 1,338 |  |  | $ | 2,784 |
Purchase of convertible preferred stock |  |  | — |  |  |  | 336 |  |  |  | 673 |  |  |  | 1,009 |
Equity in the net loss of investee |  |  | (137 | ) |  |  | (506 | ) |  |  | (574 | ) |  |  | (1,176 | )
Amortization of equity method basis difference |  |  | (342 | ) |  |  | (342 | ) |  |  | (685 | ) |  |  | (685 | )
Balance, end of the period |  | $ | 752 |  |  | $ | 1,932 |  |  | $ | 752 |  |  | $ | 1,932 |

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