CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
6 Months Ended |
Jan. 31, 2016 |
Jan. 31, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income |
$ 352
|
$ 263
|
| Items to reconcile to net cash provided by operations: |
|
|
| Depreciation and amortization |
44
|
46
|
| Stock based compensation |
194
|
202
|
| Bad debt expense |
108
|
163
|
| Change in deferred income taxes |
179
|
135
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(453)
|
(339)
|
| Prepaid expenses |
65
|
(5)
|
| Loans and advances |
(10)
|
(4)
|
| Other assets |
(9)
|
(9)
|
| Accounts payable |
(3)
|
(10)
|
| Commissions payable to brokers |
(259)
|
(267)
|
| Accrued commissions to brokers |
301
|
304
|
| Accrued expenses |
(25)
|
40
|
| Deferred revenue |
(6)
|
(8)
|
| Advance payments |
(4)
|
(15)
|
| Net cash provided by operating activities |
474
|
496
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Payments on note payable |
0
|
(3)
|
| Purchase of property and equipment |
(2)
|
(1)
|
| Payments received from notes receivable |
148
|
183
|
| Advances on Loans |
0
|
(31)
|
| Net cash provided by investing activities |
146
|
148
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Principal payments on stockholder notes receivable |
2
|
28
|
| Repurchase of Common stock |
(20)
|
(42)
|
| Cash dividend paid to Common Shareholders |
(208)
|
(286)
|
| Net cash used in financing activities |
(226)
|
(300)
|
| Net increase in cash and cash equivalents |
394
|
344
|
| Cash and cash equivalents at beginning of period |
2,047
|
3,673
|
| Cash and cash equivalents at end of period |
2,441
|
4,017
|
| Supplemental cash flow information: |
|
|
| Cash paid for taxes |
$ 22
|
$ 3
|