Employee Retention Credits |
9 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Employee Retention Credits [Abstract] | |
| EMPLOYEE RETENTION CREDITS | NOTE 21 - EMPLOYEE RETENTION CREDITS
During the year ended July 31, 2025, the Company recorded refunds as a result of Employee Retention Credits (“ERCs”), which are refundable tax credits against certain employment taxes initially made available under the Coronavirus Aid, Relief and Economic Security Act (the “CARES” Act). In accordance with the Company’s accounting policy, the ERC amounts have been recognized in other income, net as the Company determined that all relevant criteria for recognition had been met. The ERC represents a one-time benefit and does not constitute recurring operational income.
As of July 31, 2025, the Company recorded $272 thousand of ERC as other receivables on the consolidated balance sheet. In addition, $933 thousand of ERC was acquired in the Cyclo Merger and is included in other receivables as of July 31, 2025. During the three and nine months ended April 30, 2026, the Company recognized an additional $75 thousand of ERC as other income, net in the consolidated statements of operations and other comprehensive loss. All ERC and related accrued interest were collected in full during the nine months ended April 30, 2026. |