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Business Segment Information
 3 Months Ended
Oct. 31, 2023
Business Segment Information [Abstract]  
BUSINESS SEGMENT INFORMATION

NOTE 18 – BUSINESS SEGMENT INFORMATION

 

The Company conducts business as two operating segments, Healthcare and Real Estate. The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s Chief Executive Officer who is the chief operating decision-maker.

 

The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its Healthcare segment based primarily on research and development efforts and results of clinical trials and the Real Estate segment based primarily on results of operations.

 

The Healthcare segment is comprised of a majority equity interest in LipoMedix, Barer, Farber, and Rafael Medical Devices. To date, the Healthcare segment has not generated any revenues.

 

The Real Estate segment consists of the Company’s real estate holdings, which is currently comprised of a portion of a commercial building in Israel. The revenue, and (loss) income from operations of the 520 Property have been excluded from the Real Estate segment in the figures below due to its classification of held-for-sale and discontinued operations, and the sale of the 520 Property on August 22, 2022.

 

Operating results for the business segments of the Company are as follows:

 

(in thousands)  Healthcare   Real Estate   Total 
Three Months Ended October 31, 2023            
Revenues  $
—
   $68   $68 
(Loss) income from operations   (2,500)   22    (2,478)
                
Three Months Ended October 31, 2022               
Revenues  $
—
   $70   $70 
(Loss) income from operations   (5,164)   22    (5,142)

 

Total assets by segment is not provided to or reviewed by the CODM.

 

Geographic Information

 

Revenues from tenants located outside of the United States were generated entirely from related parties located in Israel. Revenues from these non-U.S. customers as a percentage of total revenues, which are inclusive of revenue from discontinued operations, were as follows (revenues by country are determined based on the location of the related facility):

 

Three Months Ended October 31,  2023   2022 
Revenue from tenants located in Israel   100%   22%

 

Net property, plant, and equipment and total assets held outside of the United States, which are located in Israel, were as follows:

 

(in thousands)  United States   Israel   Total 
October 31, 2023            
Property, plant, and equipment, net  $290   $1,381   $1,671 
Total assets   91,719    3,782    95,501 
                
July 31, 2023               
Property, plant, and equipment, net  $293   $1,402   $1,695 
Total assets   95,244    3,585    98,829