Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2026

Fair Value Measurements [Abstract]

Schedule of Assets Required to be Measured at Fair Value on a Recurring Basis

The Company’s assets required to be measured at fair value on a recurring basis and where they are classified within the fair value hierarchy as of April 30, 2026 and July 31, 2025 are as follows:

		April 30, 2026
		Level 1				Level 2				Level 3				Total
Assets:		(in thousands)
Convertible notes receivable classified as available-for-sale		$	—			$	—			$	2,124			$	2,124
Total		$	—			$	—			$	2,124			$	2,124

		July 31, 2025
		Level 1				Level 2				Level 3				Total
Assets:		(in thousands)
Convertible notes receivable classified as available-for-sale			—				—				1,858				1,858
Total		$	—			$	—			$	1,858			$	1,858

Schedule of Fair Value of the Assets Measured at Fair Value on a Recurring Basis

The following table summarizes the changes in the fair value of the assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

		Three Months Ended April 30,								Nine Months Ended April 30,
		2026				2025				2026				2025
		(in thousands)								(in thousands)
Balance, beginning of period		$	1,858			$	18,474			$	1,858			$	10,148
Withdrawal from Hedge Fund Investments			—				—				—				(2,547	)
Unrealized loss on Cyclo Warrants			—				(750	)			—				(1,264	)
Funding of Cyclo Convertible Notes			—				4,500				—				19,500
Change in fair value of Cyclo Convertible Notes			—				383				—				(719	)
Conversion of Cyclo Convertible Note			—				—				—				(2,500	)
Forgiveness of Cyclo Convertible Notes in the Cyclo Merger			—				(21,472	)			—				(21,472	)
Issuance of new convertible notes receivable			—				500				—				500
Change in fair value of convertible notes receivable classified as available-for sale			266				84				266				73
Balance, end of period		$	2,124			$	1,719			$	2,124			$	1,719

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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