Subsequent Event (Tables)
 6 Months Ended
Jan. 31, 2017
Subsequent Events [Abstract]  
Schedule of Proforma Consolidated Balance Sheets

   Pro Forma Adjustments    
  Historical  Notes Amount  Pro Forma 
            
Assets 
Current assets:           
Cash and cash equivalents $7,837  

(A)

 $2,500  $10,337 
Restricted cash  -  (A)  15,000   15,000 
Trade accounts receivable, net  40     -   40 
Inventory  643     -   643 
Prepaid expenses and other current assets  919     -   919 
Total current assets  9,439     17,500   26,939 
Intangible assets  365     -   365 
Other assets  111     -   111 
Total assets $9,915    $17,500  $27,415 
               
Liabilities and Equity (Deficiency)  
Current liabilities:              
Trade accounts payable $1,016    $-  $1,016 
Accrued expenses  368     -   368 
Loan payable, net of debt discount  -  (A)  17,500   13,460 
      (B)  (4,040)    
FCC consent decree payable  15,000     -   15,000 
Deferred revenue  197     -   197 
Income taxes payable  221     -   221 
Total current liabilities  16,802     13,460   30,262 
Settlement payable - stockholders  7,200     -   7,200 
Deferred revenue - long-term portion  80     -   80 
Total liabilities  24,082     13,460   37,542 
Equity (Deficiency)              
Straight Path Communications Inc. stockholders' equity:              
Preferred stock  -     -   - 
Class A common stock  8     -   8 
Class B common stock  117     -   117 
Additional paid-in capital  26,073  (B)  4,040   30,113 
Accumulated deficit  (37,781)    -   (37,781)
Treasury stock  (428)    -   (428)
Total Straight Path Communications Inc. stockholders' equity (deficiency)  (12,011)    4,040   (7,971)
Noncontrolling interests  (2,156)    -   (2,156)
Total equity (deficiency)  (14,167)    4,040   (10,127)
Total liabilities and equity (deficiency) $9,915    $17,500  $27,415 

 

Notes to Pro Forma Consolidated Balance Sheet

 

 (A)To record the proceeds from the Loan Agreement. According to the terms of the Loan Agreement, $15 million of the Loan Amount will be used to pay the Initial Civil Penalty. As such, $15 million has been classified as restricted cash.

 

 (B)To record the value of the warrants issued under the Loan Agreement. The value of the warrants will be amortized to interest expense over the term of the Loan Agreement.