Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2017	Jul. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 4,580	$ 5,978
Trade accounts receivable, net of allowance for doubtful accounts of $0 at July 31, 2017 and 2016	1,712	1,668
Prepaid expenses	315	210
Other current assets	427	107
TOTAL CURRENT ASSETS	7,034	7,963
Property and equipment, net	2,678	1,843
Goodwill	2,518	2,361
Other assets	301	266
TOTAL ASSETS	12,531	12,433
CURRENT LIABILITIES:
Trade accounts payable	33	36
Accrued expenses	1,840	1,487
Deferred revenue		15
Due to IDT Corporation	36	299
TOTAL CURRENT LIABILITIES	1,909	1,837
TOTAL LIABILITIES	1,909	1,837
Commitments and contingencies (Note 8)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; authorized shares-2,400; no shares issued
Additional paid-in capital	21,446	21,045
Accumulated other comprehensive loss	(584)	(817)
Accumulated deficit	(10,336)	(9,725)
TOTAL STOCKHOLDERS' EQUITY	10,622	10,596
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	12,531	12,433
Class A common stock
STOCKHOLDERS' EQUITY:
Common stock, value	5	5
TOTAL STOCKHOLDERS' EQUITY	5	5
Class B common stock
STOCKHOLDERS' EQUITY:
Common stock, value	91	88
TOTAL STOCKHOLDERS' EQUITY	$ 91	$ 88

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).