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Equity Investments (Tables) | 9 Months Ended
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Apr. 30, 2025
Cash and Cash Equivalents [Abstract] |
Schedule of Equity Investments | Equity investments consist of the following: Schedule of Equity Investments
|  | April 30, 2025 |  |  | July 31, 2024 |
|  | (in thousands) |
Zedge, Inc. Class B common stock, 42,282 shares at April 30, 2025 and July 31, 2024 |  | $ | 102 |  |  | $ | 153 |
Rafael Holdings, Inc. (“Rafael”) Class B common stock, 278,810 shares at April 30, 2025 and July 31, 2024 |  |  | 441 |  |  |  | 416 |
Other marketable equity securities |  |  | 106 |  |  |  | 70 |
Fixed income mutual funds |  |  | 4,538 |  |  |  | 4,370 |
Current equity investments |  | $ | 5,187 |  |  | $ | 5,009 |
Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) |  | $ | 902 |  |  | $ | 695 |
Visa Inc. Series A Convertible Participating Preferred Stock (“Visa Series A Preferred”) |  |  | — |  |  |  | 877 |
Convertible preferred stock—equity method investment |  |  | 258 |  |  |  | 1,338 |
Hedge funds |  |  | 3,019 |  |  |  | 2,883 |
Other |  |  | 2,725 |  |  |  | 725 |
Noncurrent equity investments |  | $ | 6,904 |  |  | $ | 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 April 30, |  |  | Nine Months Ended April 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 1,161 |  |  | $ | 1,719 |  |  | $ | 964 |  |  | $ | 1,632 |
Adjustment for observable transactions involving a similar investment from the same issuer |  |  | 10 |  |  |  | (25 | ) |  |  | 207 |  |  |  | 162 |
Upward adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 130 |
Redemption |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (230 | )
Impairments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of the period |  | $ | 1,171 |  |  | $ | 1,694 |  |  | $ | 1,171 |  |  | $ | 1,694 |
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 April 30, |  |  | Nine Months Ended April 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Net gains (losses) recognized during the period on equity investments |  | $ | 359 |  |  | $ | (78 | ) |  | $ | 1,133 |  |  | $ | (280 | )
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 |  | $ | 359 |  |  | $ | (78 | ) |  | $ | 1,133 |  |  | $ | (410 | )
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 April 30, |  |  | Nine Months Ended April 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Unrealized (losses) gains recognized during the period on equity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rafael Class B common stock |  | $ | (134 | ) |  | $ | (61 | ) |  | $ | 25 |  |  | $ | (115 | )
Zedge Class B common stock |  | $ | (12 | ) |  | $ | (36 | ) |  | $ | (51 | ) |  | $ | 13 |
Equity securities unrealized gain loss |  | $ | (12 | ) |  | $ | (36 | ) |  | $ | (51 | ) |  | $ | 13 |
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 April 30, |  |  | Nine Months Ended April 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 752 |  |  | $ | 1,932 |  |  | $ | 1,338 |  |  | $ | 2,784 |
Purchase of convertible preferred stock |  |  | 253 |  |  |  | 504 |  |  |  | 926 |  |  |  | 1,513 |
Equity in the net loss of investee |  |  | (405 | ) |  |  | (529 | ) |  |  | (978 | ) |  |  | (1,704 | )
Amortization of equity method basis difference |  |  | (342 | ) |  |  | (342 | ) |  |  | (1,028 | ) |  |  | (1,028 | )
Balance, end of the period |  | $ | 258 |  |  | $ | 1,565 |  |  | $ | 258 |  |  | $ | 1,565 |

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