Income Taxes |
9 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Income Taxes [Abstract] | |
| INCOME TAXES | NOTE 16 – INCOME TAXES
During the three and nine months ended April 30, 2026, the Company recognized a provision for income taxes of $6 thousand and $52 thousand, respectively, on losses before income tax of $2.9 million and $19.0 million, respectively. During the three and nine months ended April 30, 2025, the Company recognized a benefit from income taxes of $2.4 million in both periods on losses before income tax of $6.5 million and $21.0 million, respectively. The benefit from income tax in the prior year was due to the Company’s participation in the State of New Jersey’s Technology Business Tax Certificate Transfer Program. Under this program, the Company sold prior period net operating loss carryforwards (“NOLs”) and recognized proceeds of approximately $2.4 million for the sale of the Company’s prior period NOLs totaling $28.6 million which was recorded in the benefit from income taxes in the consolidated statements of operations and comprehensive loss for the three and nine months ended April 30, 2025. |