Straight Path Communications 10-K 14 Oct 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jul. 31, 2014	Jan. 31, 2014	Oct. 10, 2014	Oct. 10, 2014
			Common Class A [Member]	Common Class B [Member]
Entity Registrant Name	'Straight Path Communications Inc.	'	'	'
Entity Central Index Key	'0001574460	'	'	'
Amendment Flag	'false	'	'	'
Current Fiscal Year End Date	'--07-31	'	'	'
Document Type	'10-K	'	'	'
Document Period End Date	31-Jul-14	'	'	'
Document Fiscal Period Focus	'FY	'	'	'
Document Fiscal Year Focus	'2014	'	'	'
Entity Well-known Seasoned Issuer	'No	'	'	'
Entity Voluntary Filers	'No	'	'	'
Entity Current Reporting Status	'Yes	'	'	'
Entity Filer Category	'Accelerated Filer	'	'	'
Entity Public Float	'	$76,706,000	'	'
Entity Common Stock, Shares Outstanding	'	'	787,163	11,160,103

Combined_and_Consolidated_Bala

Combined and Consolidated Balance Sheets (USD $)	Jul. 31, 2014	Jul. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash	$21,232	$15,000
Trade accounts receivable, net of allowance for doubtful accounts of $0 and $4, respectively	61	60
Prepaid expenses - settlements	4,999	'
Deferred tax assets	2,392	'
Other current assets	92	90
Total current assets	28,776	15,150
Prepaid expenses - settlements - long-term portion	761	'
Intangible assets	350	350
Deferred tax assets	417	'
Other assets	135	239
Total Assets	30,439	15,739
Current liabilities:	'	'
Trade accounts payable	'	1
Accrued expenses	1,334	1,473
Due to IDT Corporation	6	'
Deferred revenue	10,254	145
Income taxes payable	470	15
Total current liabilities	12,064	1,634
Deferred revenue - long-term portion	1,676	250
Total liabilities	13,740	1,884
Commitments and contingencies	'	'
Straight Path Communications, Inc. stockholders' equity:	'	'
Preferred stock, $0.01 par value; 3,000 shares authorized; no shares issued and outstanding	'	'
Additional paid-in capital	14,886	14,114
Retained earnings	2,037	'
Total Straight Path Communications, Inc. stockholders' equity	17,041	14,229
Noncontrolling interests	-342	-374
Total equity	16,699	13,855
Total liabilities and equity	30,439	15,739
Class A common stock	'	'
Straight Path Communications, Inc. stockholders' equity:	'	'
Common Stock Value	8	8
Class B common stock	'	'
Straight Path Communications, Inc. stockholders' equity:	'	'
Common Stock Value	$110	$107

Combined_and_Consolidated_Bala1

Combined and Consolidated Balance Sheets (Parenthetical) (USD $)	Jul. 31, 2014	Jul. 31, 2013
In Thousands, except Per Share data, unless otherwise specified
Net of allowance for doubtful accounts	'	$4
Preferred stock, Par value	$0.01	$0.01
Preferred stock, Shares authorized	3,000	3,000
Preferred stock, Shares issued	'	'
Preferred stock, Shares outstanding	'	'
Common Stock [Member] | Class A common stock	'	'
Common stock, Par value	$0.01	$0.01
Common stock, Shares authorized	2,000	2,000
Common stock, Shares issued	787	787
Common stock, Shares outstanding	787	787
Common Stock [Member] | Class B common stock	'	'
Common stock, Par value	$0.01	$0.01
Common stock, Shares authorized	40,000	40,000
Common stock, Shares issued	11,013	10,693
Common stock, Shares outstanding	11,013	10,693

Combined_and_Consolidated_Stat

Combined and Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Statements of Operations [Abstract]	'	'
Revenues	$4,796	$1,130
Costs and expenses:	'	'
Direct cost of revenues	2,487	630
Selling, general and administrative	3,001	3,115
Total costs and expenses	5,488	3,745
Loss from operations before items listed below	-692	-2,615
Gain on settlement of rights in wireless spectrum	'	150
Loss on settlement of Straight Path Spectrum legal proceedings	'	-1,150
Loss from operations	-692	-3,615
Other income (expense):	'	'
Interest income	22	11
Income from IDT Corporation payments of liabilities	386	'
Loss before income taxes	-284	-3,604
Benefit from (provision for) income taxes	2,353	-8
Net income (loss)	2,069	-3,612
Net (income) loss attributable to noncontrolling interests	-32	399
Net income (loss) attributable to Straight Path Communications Inc.	$2,037	($3,213)
Earnings (loss) per share attributable to Straight Path Communications Inc. stockholders:	'	'
Basic	$0.19	($0.31)
Diluted	$0.18	($0.31)
Weighted-average number of shares used in calculation of earnings (loss) per share:	'	'
Basic	10,667	10,504
Diluted	11,267	10,504

Combined_and_Consolidated_Stat1

Combined and Consolidated Statements of Equity (USD $)	Total	Group Equity	Additional Paid-In Capital	Noncontrolling Interests	Common Stock [Member]	Common Stock [Member]	Retained Earnings [Member]
In Thousands					Class A common stock	Class B common stock
Balance Beginning at Jul. 31, 2012	$1,400	$1,478	'	($78)	'	'	'
Balance Beginning, Shares at Jul. 31, 2012	'	'	'	'	'	'	'
Common stock issued for compensation	675	'	'	'	'	'	'
Stock-based compensation	'	572	'	103	'	'	'
Amount due to IDT Corporation contributed to equity	2,757	2,757	'	'	'	'	'
Capital contribution from IDT Corporation in connection with the Spin-Off	12,635	12,635	'	'	'	'	'
Incorporation of Company and share distribution on Spin-Off	'	-14,229	14,114	'	8	107	'
Incorporation of Company and share distribution on Spin-Off, Shares	'	'	'	'	787	10,693	'
Net income (loss)	-3,612	-3,213	'	-399	'	'	'
Balance at Jul. 31, 2013	13,855	'	14,114	-374	8	107	'
Balance, Shares at Jul. 31, 2013	'	'	'	'	787	10,693	'
Common stock issued for compensation	746	'	743	'	'	3	'
Common stock issued for compensation, Shares	'	'	'	'	'	311	'
Common stock issued for exercises of stock options	17	'	17	'	'	'	'
Common stock issued for exercises of stock options, Shares	'	'	'	'	'	3	'
Common stock issued for deferred stock units	'	'	'	'	'	'	'
Common stock issued for deferred stock units, Shares	'	'	'	'	'	9	'
Retirement of common stock issued to former employees of IDT Corporation	'	'	'	'	'	'	'
Retirement of common stock issued to former employees of IDT Corporation, Shares	'	'	'	'	'	-3	'
Stock-based compensation	12	'	12	'	'	'	'
Net income (loss)	2,069	'	'	32	'	'	2,037
Balance at Jul. 31, 2014	$16,699	'	$14,886	($342)	$8	$110	$2,037
Balance, Shares at Jul. 31, 2014	'	'	'	'	787	11,013	'

Combined_and_Consolidated_Stat2

Combined and Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Operating activities:	'	'
Net income (loss)	$2,069	($3,612)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Common stock issued for compensation	746	675
Stock-based compensation	12	'
Deferred tax assets	-2,809	'
Change in assets and liabilities:	'	'
Trade accounts receivable, net	-1	-23
Prepaid expenses - settlements	-5,760	'
Other current assets	-2	-149
Other assets	104	'
Trade accounts payable	-1	'
Accrued expenses	-139	305
Due to IDT Corporation	6	'
Deferred revenue	11,535	172
Income taxes payable	455	-5
Net cash provided by (used in) operating activities	6,215	-2,637
Investing activities	'	'
Purchase of intangible assets	'	-350
Net cash used in investing activities	'	-350
Financing activities	'	'
Common stock issued for exercises of stock options	17	'
Funding provided by IDT Corporation, net of repayments	'	15,389
Net cash provided by financing activities	17	15,389
Net increase in cash and cash equivalents	6,232	12,402
Cash and cash equivalents at beginning of year	15,000	2,598
Cash and cash equivalents at end of year	$21,232	$15,000

Description_of_Business_and_Su

Description of Business and Summary of Significant Accounting Policies

12 Months Ended

Jul. 31, 2014

Description of Business and Summary of Significant Accounting Policies [Abstract]

'

Description of Business and Summary of Significant Accounting Policies

'

Note 1—Description of Business and Summary of Significant Accounting Policies

Description of Business

Straight Path Communications Inc. (“Straight Path”), a Delaware corporation, was incorporated in April 2013. Straight Path’s businesses consist of 100% ownership of Straight Path Spectrum, Inc. (“Straight Path Spectrum”), which holds, leases and markets fixed wireless spectrum licenses, and 84.5% ownership of Straight Path IP Group, Inc. (“Straight Path IP Group”), which holds intellectual property primarily related to communications over the Internet and the licensing and other businesses related to this intellectual property.

The “Company” in these financial statements refers to Straight Path, Straight Path Spectrum, and Straight Path IP Group and their subsidiaries on a combined and consolidated basis as if Straight Path existed and owned the above interests in these entities in all periods presented. The Company also has some additional inactive subsidiaries.

The Company’s fiscal year ends on July 31 of each calendar year. Each reference below to a fiscal year refers to the fiscal year ending in the calendar year indicated (e.g., fiscal 2014 refers to the fiscal year ending July 31, 2014).

Straight Path Spectrum

Straight Path Spectrum holds a broad collection of exclusively licensed commercial fixed wireless spectrum licenses. These licenses, granted by the Federal Communications Commission (“FCC”) include eight hundred twenty eight 39 GHz licenses and one hundred thirty three licenses in the local multipoint distribution service (“LMDS”) band. Straight Path Spectrum offers its customers point-to-point and point-to-multipoint wireless broadband digital telecommunications services. The broad geographical reach of the licenses enables Straight Path Spectrum to provide its services throughout the United States.

In October 2010, Straight Path Spectrum paid an aggregate of $210,000 to renew certain of its 39 GHz FCC licenses and established a new expiration date of October 18, 2020 for these licenses. The Company included the license renewal costs in other assets, which are being charged to expense on a straight-line basis over the ten-year term of the licenses.

Straight Path IP Group.

The Company believes that many parties are operating by infringing on Straight Path IP Group’s intellectual property, specifically one or more of Straight Path IP Group’s patents related to communications over the Internet. The Company is enforcing its rights and seeking to license its patents in order to generate revenue.

Straight Path IP Group’s patent portfolio consists of the NetSpeak Portfolio (the “NetSpeak patents”) described below.

NetSpeak Portfolio:

United States Patents Nos. 6,131,121; 6,701,365; 6,513,066; 6,185,184; 6,829,645; 6,687,738; 6,009,469; 6,226,678; 7,149,208 and 6,178,453, and the foreign counterparts to U.S. Patent No. 6,108,704, listed below:

727702

Australia

764522

Australia

764583

Australia

764521

Australia

2231127

Canada

96197195.9

China

852868

Finland

852868

France

852868

Germany

1017192

Hong Kong

10-414512

Korea

212126

Mexico

51774

Singapore

852868

Sweden

852868

Italy

NI-096566

Taiwan

These patents are Straight Path IP Group’s core assets. The patents have finite lives, and the patents start to expire on September 25, 2015, although, for a time following expiration, Straight Path IP Group may continue to enforce the patents for patent infringement that occurred before expiration. There is no guarantee that the patents will be adequately exploited or commercialized.

We generally pay law firms that represent us in litigation against alleged infringers of our intellectual property rights a percentage of the amounts recovered ranging from 0% to 40% depending on several factors.

The Company’s Spin-Off

The Company was formerly a subsidiary of IDT Corporation (“IDT”). On July 31, 2013, the Company was spun-off by IDT to its stockholders and became an independent public company (the “Spin-Off”). The Company authorized the issuance of two classes of its common stock, Class A and Class B, that was exchanged for all of the outstanding shares of the Company’s common stock held by IDT. The Spin-Off occurred by way of a pro rata distribution of the Company’s Class A common stock and Class B common stock held by IDT to IDT’s stockholders. In the distribution, on the distribution date, each IDT stockholder received one share of the Company’s Class A common stock for every two shares of IDT Class A common stock and one share of the Company’s Class B common stock for every two shares of IDT Class B common stock held on the record date for the Spin-Off. On July 31, 2013, the Company distributed 0.8 million shares of its Class A common stock (based on 1.6 million shares of IDT Class A common stock that were outstanding on the record date) and 10.7 million shares of its Class B common stock (based on 21.4 million shares of IDT Class B common stock that were outstanding on the record date).

Basis of Accounting

The accompanying financial statements for periods prior to the July 31, 2013 Spin-Off were prepared on a combined basis because the operations were under common control.

All material intercompany balances and transactions have been eliminated in combination and consolidation.

The combined and consolidated financial statements include the assets, liabilities, results of operations and cash flows of the entities included in the Company post-Spin-Off. The assets and liabilities in the accompanying financial statements are recorded at historical cost. Direct expenses historically incurred by IDT on behalf of the entities are reflected in these financial statements. The most significant expenses are as follows:

●

Straight Path IP Group’s legal and professional fees.

●

Salaries and employee benefits have been allocated based on specific identification.

●

Facility costs as well as certain salaries consisting of payroll, human resources, purchasing, accounts payable, treasury, network and telephone services, legal, travel, and consulting fees were allocated to these entities based on estimates of the incremental cost incurred by IDT.

●

Medical and dental benefits were allocated to these entities based on rates similar to COBRA health benefit provision rates charged to former IDT employees.

●

Stock-based compensation and retirement benefits under IDT’s defined contribution plan were allocated to these entities based on specific identification. Insurance was allocated to these entities based on a combination of headcount and specific policy identification.

Management believes that the assumptions and methods of allocation used were reasonable. However, the costs as allocated are not necessarily indicative of the costs that would have been incurred if these entities operated on a stand-alone basis. Therefore, the combined and consolidated financial statements included herein may not necessarily be indicative of the financial position, results of operations, changes in equity and cash flows of the Company to be expected in the future or what they would have been had the Company been a separate stand-alone entity during the periods presented.

In order for the Company to meet its obligations and other cash flow needs, IDT transferred cash to the Company such that the Company had approximately $15 million in cash at the time of the Spin-Off, which management believed would be sufficient to meet the Company’s cash requirements during fiscal 2014.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates.

Revenue Recognition

Straight Path Spectrum lease revenues are recognized on a straight line basis over the contractual lease period, which generally range from one to three years. Revenues from sale of rights in FCC licenses are recognized upon execution of the agreement by both parties, provided that the amounts are fixed or determinable, there are no significant undelivered obligations and collectability is reasonably assured. Revenues from sale of rights in FCC licenses less applicable costs of the sale are classified as “Gain on sale of rights in wireless spectrum” in the accompanying Combined and Consolidated Statements of Operations.

Straight Path Spectrum recorded the amounts that the Former Chief Executive Officer of Straight Path Spectrum (the “Former SPSI CEO”) was entitled to, related to leases, in “Selling, general and administrative” expense, in the same period the related revenues were recognized. Straight Path Spectrum recorded the amounts that the Former SPSI CEO was entitled to, related to the sale of rights in spectrum, in “Gains on sale of rights of wireless spectrum”, in the same period the related revenues were recognized (see Note 9).

Straight Path IP Group licenses its portfolio of patents to companies who use these patents in the provision of their product(s) and/or service(s). The contractual terms of the license agreements generally provide for payments over an extended period of time. For the licensing agreements with fixed royalty payments, Straight Path IP Group generally recognizes revenue on a straight-line basis over the contractual term of the license, once collectability of the amounts is reasonably assured. For the licensing agreements with variable royalty payments which are based on a percentage of sales, Straight Path IP Group earns royalties at the time that the customers’ sales occur. Straight Path IP Group’s customers, however, do not report and pay royalties owed for sales in any given period until after the conclusion of that period. As Straight Path IP Group is unable to estimate the customers’ sales in any given period to determine the royalties due to Straight Path IP Group, it recognizes royalty revenues when sales and royalties are reported by customers and when other revenue recognition criteria are met.

In addition, Straight Path IP Group may enter into certain settlements of patent infringement disputes. The amount of consideration received upon any settlement (including but not limited to past royalty payments and future royalty payments) is allocated to each element of the settlement based on the fair value of each element. In addition, revenues related to past royalties are recognized upon execution of the agreement by both parties, provided that the amounts are fixed or determinable, there are no significant undelivered obligations and collectability is reasonably assured. Straight Path IP Group does not recognize any revenues prior to execution of the agreement since there is no reliable basis on which it can estimate the amounts for royalties related to previous periods or assess collectability.

Direct Cost of Revenues

Direct cost of revenues for Straight Path Spectrum consists primarily of network and connectivity costs and associated regulatory taxes and fees. Such costs are charged to expense as incurred.  Direct cost of revenues for Straight Path IP Group consists of legal expenses directly related to revenues from litigation settlements. Expenses incurred for which revenue has not yet been recognized is classified as prepaid expenses – settlements in the consolidated balance sheet.

Cash Equivalents and Concentrations of Credit Risk

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash equivalents consist of money market accounts. The Company maintains principally all cash and cash equivalent balances in various financial institutions which, at times may exceed the amounts insured by the Federal Deposit Insurance Corporation.  The exposure to the Company is solely dependent upon daily bank balances and the respective strength of the financial institutions.  The Company has not incurred any losses on these accounts.

Intangible Assets

Intangible assets consists of the cost of the wireless spectrum licenses that were transferred to the Company by an entity controlled by the Former SPSI CEO in connection with the June 2013 settlement of all outstanding claims and disputes with the Former SPSI CEO and parties related to the Former SPSI CEO (see Note 7). The wireless spectrum licenses are not amortized since they are deemed to have an indefinite life. These assets are reviewed annually or more frequently under certain conditions for impairment using a fair value approach. On August 1, 2013, the Company adopted the accounting standard update that reduced the complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and improved consistency in impairment testing guidance among long-lived asset categories. The Company may first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. Prior to the adoption of this update, the Company was required to test indefinite-lived intangible assets for impairment by comparing the fair value of the asset with its carrying amount. The adoption of this standard update did not impact the Company’s financial position, results of operations or cash flows.

No impairment was recorded for the years ended July 31, 2014 and 2013.

Income Taxes

The accompanying financial statements include provisions for federal and state income taxes on a separate tax return basis.

The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the period in which related temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in its assessment of a valuation allowance. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of such change.

The Company uses a two-step approach for recognizing and measuring tax benefits taken or expected to be taken in a tax return. The Company determines whether it is more-likely-than-not that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. In evaluating whether a tax position has met the more-likely-than-not recognition threshold, the Company presumes that the position will be examined by the appropriate taxing authority that has full knowledge of all relevant information. Tax positions that meet the more-likely-than-not recognition threshold are measured to determine the amount of tax benefit to recognize in the financial statements. The tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Differences between tax positions taken in a tax return and amounts recognized in the financial statements will generally result in one or more of the following: an increase in a liability for income taxes payable, a reduction of an income tax refund receivable, a reduction in a deferred tax asset, or an increase in a deferred tax liability.

The Company classifies interest and penalties on income taxes as a component of income tax expense.

Contingencies

The Company accrues for loss contingencies when both (a) information available prior to issuance of the financial statements indicates that it is probable that a liability had been incurred at the date of the financial statements and (b) the amount of loss can reasonably be estimated. When the Company accrues for loss contingencies and the reasonable estimate of the loss is within a range, the Company records its best estimate within the range. When no amount within the range is a better estimate than any other amount, the Company accrues the minimum amount in the range. The Company discloses an estimated possible loss or a range of loss when it is at least reasonably possible that a loss may have been incurred.

Earnings per Share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increase is anti-dilutive.

Years Ended

July 31,

2014

2013

(in thousands)

Basic weighted-average number of shares

10,667

10,504

Effect of dilutive securities:

Stock options

9

—

Non-vested restricted Class B common stock

591

—

Diluted weighted-average number of shares

11,267

10,504

At July 31, 2013, the Company did not have any dilutive securities.

Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with FASB ASC 718, “Compensation - Stock Compensation.”  The Company recognizes compensation expense for all of its grants of stock-based awards based on the estimated fair value on the grant date. Compensation cost for awards is recognized using the straight-line method over the vesting period. Stock-based compensation is included in selling, general and administrative expense.  See Note 6.

The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 505, “Equity.”  Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earlier of a performance commitment or completion of performance by the provider of goods or services as defined by ASC 505.

Fair Value Measurements

Fair value of financial and non-financial assets and liabilities is defined as an exit price, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three-tier hierarchy for inputs used to measure fair value, which prioritizes the inputs to valuation techniques used to measure fair value, is as follows:

Level 1 –

quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 –

quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.

Level 3 –

unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.

Allowance for Doubtful Accounts

The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the accounts receivable balance. The allowance is determined based on known troubled accounts, historical experience and other currently available evidence. Doubtful accounts are written-off upon final determination that the trade accounts will not be collected. The change in the allowance for doubtful accounts is as follows:

Year ended July 31 (in thousands)

Balance at

Additions

Deductions

Balance at

beginning of

charged to

end of year

year

costs and

expenses

2014

Reserves deducted from accounts receivable:

Allowance for doubtful accounts

$

4

$

—

$

(4

)

$

—

2013

Reserves deducted from accounts receivable:

Allowance for doubtful accounts

$

11

$

—

$

(7

)

$

4

Recently Issued Accounting Pronouncements

Effective January 1, 2014, the Company adopted Accounting Standards Update No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”).  ASU 2013-11 is expected to reduce diversity in practice by providing guidance on the presentation of unrecognized tax benefits and will better reflect the manner in which an entity would settle at the reporting date any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. This guidance is effective prospectively for the Company for annual and interim periods beginning January 1, 2014.  The adoption of ASU 2013-11 did not have a material effect on the Company's financial position, results of operations or cash flows.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”).  The amendments in ASU 2014-09 affect any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in ASC 605, “Revenue Recognition” and most industry-specific guidance and creates ASC 606, “Revenue from Contracts with Customers.”

The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:

Step 1: Identify the contract(s) with a customer.

Step 2: Identify the performance obligations in the contract.

Step 3: Determine the transaction price.

Step 4: Allocate the transaction price to the performance obligations in the contract.

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

ASU 2014-09 is effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.  The Company will adopt this standard on August 1, 2017.  Entities have the option of using either a full retrospective or modified retrospective approach for the adoption of the standard. The Company is currently evaluating the effects of the adoption of ASU 2014-09 on its consolidated financial statements.

The Company does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying consolidated financial statements.

Subsequent Events

Management has evaluated subsequent events through the date of this filing.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
	Jul. 31, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	Note 2—Fair Value Measurements
	At July 31, 2014 and 2013, the Company did not have any assets or liabilities measured at fair value on a recurring basis.
	At July 31, 2014 and July 31, 2013, the carrying amounts of the financial instruments included in cash and cash equivalents, other current assets, accrued expenses and due to IDT Corporation approximated fair value because of the short period of time to maturity. The fair value estimates for cash and cash equivalents were classified as Level 1 and other current assets, accrued expenses and due to IDT Corporation were classified as Level 2 of the fair value hierarchy. The estimated fair value of the Company’s financial instruments was determined using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting this data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange.

Income_Taxes

Income Taxes	12 Months Ended
	Jul. 31, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	Note 3—Income Taxes
	Because of the way it is structured, Straight Path and its subsidiaries file various types of income tax returns.  The (benefit from) provision for income taxes consists of the following:
	Year ended July 31	2014			2013
	(in thousands)
	Current:
	Federal	$	(21	)	$	(560	)
	State and local		(6	)		(113	)
			(27	)		(673	)
	Deferred:
	Federal		(1,925	)		560
	State and local		(401	)		121
			(2,326	)		681
	(BENEFIT FROM) PROVISION FOR INCOME TAXES	$	(2,353	)	$	8
	Significant components of the Company’s deferred income tax assets consist of the following:
	July 31	2014			2013
	(in thousands)
	Deferred income tax assets:
	Current:
	Accrued expenses	$	333		$	177
	Stock based compensation		51			—
	Deferred revenue on litigation settlements		2,079			—
	Valuation allowance		(71	)		(177	)
	TOTAL CURRENT DEFERRED INCOME TAX ASSETS	$	2,392		$	—
	Non-Current:
	Deferred revenue on litigation settlements	$	313		$	—
	Stock based compensation		104			—
	Net operating loss carryforward		50,120			50,620
	Valuation allowance		(50,120	)		(50,620	)
	TOTAL NON-CURRENT DEFERRED INCOME TAX ASSETS	$	417		$	—
	Because of its losses in the current and previous years, the Company concluded that it does not meet the criteria of more likely than not in order to utilize its deferred income tax assets in the foreseeable future for the Spectrum line of business.  Accordingly, the Company recorded a 100% valuation allowance against its deferred income tax assets.
	Prior to this fiscal year, the Patent line of business was included in the IDT consolidated return.  For fiscal 2013, IDT determined that a 100% valuation allowance should be recorded against the deferred tax assets of the Patent line of business.  Commencing in fiscal 2014, the Patent line of business will file its own returns.  The Company determined that a valuation allowance is no longer needed as the deferred revenue related to the litigation settlements will result in income being recorded in future periods.  In fiscal 2014, the Company realized a benefit of $1 million.
	Winstar Holdings, LLC (“Winstar”) is a wholly-owned affiliate treated as a partnership for Federal income tax purposes. Winstar has generated material losses that are “suspended” in accordance with section 704(d) of the Internal Revenue Code, and accordingly, are not available to the Company unless the Company causes all or part of the suspension to be reversed. As a consequence of the “suspension,” no deferred tax asset is reflected herein with respect of such net operating losses. If any part of such net operating losses does become available, it is recorded as a tax benefit in the period used.  In fiscal 2014, approximately $3.0 million of suspended losses became available to offset taxable income and the Company realized a benefit of $1.1 million.
	The differences between income taxes expected at the federal statutory income tax rate and income taxes provided are as follows:
	Year ended July 31	2014			2013
	(in thousands)
	Federal income tax at statutory rate	$	(99	)	$	1,445
	Valuation allowance		(2,250	)		(1,445	)
	State and local income tax, net of federal benefit		(4	)		8
	(BENEFIT FROM) PROVISION FOR INCOME TAXES	$	(2,353	)	$	8
	At July 31, 2014, the Company had net operating loss carryforwards of approximately $125 million. These net operating losses are solely from the Spectrum line of business.  These carry-forward losses are available to offset future taxable income. The net operating loss carryforwards will start to expire in fiscal 2022, with fiscal 2013’s loss expiring in fiscal 2034.
	The change in the valuation allowance for deferred income taxes was as follows:
	Year ended July 31	Balance			Additions charged to costs and expenses			Deductions			Balance at
	(in thousands)	at beginning									end of year
		of year
	2014
	Reserves deducted from deferred income taxes, net:
	Valuation allowance	$	50,797		$	—		$	(606	)	$	50,191
	2013
	Reserves deducted from deferred income taxes, net:
	Valuation allowance	$	49,982		$	815		$			$	50,797
	The Company had no unrecognized income tax benefits at July 31, 2014 or 2013.
	The Company was a member of IDT’s consolidated group, therefore its income or loss were included in IDT’s tax return and did not remain with the Company following the Spin-Off. IDT currently remains subject to examinations of its consolidated federal tax returns for fiscal years 2011 through fiscal 2013, and state and local tax returns generally for fiscal 2010 through fiscal 2013.  The Company’s various federal, state and local tax returns for fiscal 2014 remain subject to examination.

Accrued_Expenses

Accrued Expenses	12 Months Ended
	Jul. 31, 2014
Accrued Expenses [Abstract]	'
Accrued Expenses	'
	Note 4— Accrued Expenses
	Accrued expenses consist of the following:
	July 31	2014		2013
	(in thousands)
	Accrued compensation	$	577	$	403
	Accrued professional fees		566		901
	Accrued taxes		124		124
	Other		67		45
	TOTAL ACCRUED EXPENSES	$	1,334	$	1,473

Equity

Equity	12 Months Ended
	Jul. 31, 2014
Equity [Abstract]	'
Equity	'
	Note 5—Equity
	Class A Common Stock and Class B Common Stock
	The rights of holders of shares of Class A common stock and Class B common stock are identical except for certain voting and conversion rights and restrictions on transferability. Shares of Class A common stock and Class B common stock receive identical dividends per share when and if declared by the Company’s Board of Directors. In addition, shares of Class A common stock and Class B common stock have identical and equal priority rights per share in liquidation. The Class A common stock and Class B common stock do not have any other contractual participation rights. Shares of Class A common stock are entitled to three votes per share and shares of Class B common stock are entitled to one-tenth of a vote per share. Each share of Class A common stock may be converted into one share of Class B common stock, at any time, at the option of the holder. Shares of Class A common stock are subject to certain limitations on transferability that do not apply to shares of Class B common stock.
	Class B common stock activity for fiscal 2014 was as follows:
	1	The Company issued 311,226 shares to officers, directors and consultants as compensation.  See Note 6 for a further discussion.
	2	The Company issued 9,000 shares for the conversion of deferred stock units.
	3	The Company issued 3,065 shares for the exercise of stock options and received proceeds of $17,000.
	4	The Company retired 3,550 shares issued to former employees of IDT.
	Preferred Stock
	The Company’s Board of Directors has the authority to fix the price, rights, preferences, privileges and restrictions, including voting rights, of shares of the Company’s Preferred Stock without any further vote or action by the stockholders.
	Dividend
	The Company does not anticipate paying dividends on its common stock until it achieves sustainable profitability (after satisfying all of its operational needs, including payments to the Former SPSI CEO) and retains certain minimum cash reserves. Following that time, we will retain sufficient cash to provide for investment in growth opportunities and provide for the creation of long-term stockholder value, particularly through development of the SPSI business and possibly the acquisition of complementary businesses or assets.  However, we do not intend to retain earnings beyond those needs and beyond what we believe we can effectively deploy, and we expect that such additional resources would be returned to stockholders via distributions or other means.  The payment of dividends in any specific period will be at the sole discretion of the Company’s Board of Directors.

StockBased_Compensation

Stock-Based Compensation	12 Months Ended
	Jul. 31, 2014
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	Note 6— Stock-Based Compensation
	Stock Options
	The Company adopted, effective as of July 31, 2013, the 2013 Stock Option and Incentive Plan (the “Plan”). There are 678,532 shares of the Company’s Class B common stock reserved for the grant of awards under the Plan.
	In connection with the Spin-Off, each holder of an option to purchase IDT Class B common stock received a ratable share in a pool of options to purchase 32,155 shares of the Company’s Class B common stock (which was based on 10% of the outstanding options to purchase 641,567 shares of IDT Class B common stock issued by IDT and the 1 for 2 distribution ratio of the Spin-Off). The exercise price of the Company’s options is $5.67 per share which is equal to the closing price of the Company’s Class B common stock on the first trading day following the consummation of the Spin-Off. The expiration date of the Company’s options is equal to the later of (i) the expiration of the IDT option held by such option holder and (ii) a date on or about the first anniversary of the Spin-Off when the Company’s insiders will be free to trade in shares of the Company under the Company’s insider trading policy. The options to purchase shares of the Company were issued under the Company’s Plan. The adjustment to the exercise price of the options to purchase IDT shares and the issuance of the 32,155 options to purchase the Company’s shares were accounted for as a modification. No incremental charge was required as a result of the modification.
	The following table summarizes all stock option activity during Fiscal 2014 and Fiscal 2013:
		Stock			Weighted-		Weighted-		Aggregate
		Options			average		average		Intrinsic
					Exercise		Remaining		Value
					Price		Contractual		(in thousands)
							Term (in years)
	Outstanding as of August 1, 2012		—		$	—		—	$	—
	Granted		—		$	—
	Cancelled/Forfeited		—		$	—
	Outstanding as of July 31, 2013		—		$	—		—	$	—
	Granted		32,155		$	5.67
	Exercised		(3,065	)	$	5.67
	Cancelled/Forfeited		(2,542	)	$	5.67
	Outstanding as of July 31, 2014		26,548		$	5.67		5.7	$	112
	Vested and expected to vest as of July 31, 2014		26,548		$	5.67		5.7	$	112
	Exercisable as of July 31, 2014		20,835		$	5.67		5	$	88
	The total intrinsic value of options exercised during fiscal 2014 was $12,104.  The aggregate intrinsic value in the table above represents the total intrinsic value, based on the Company’s closing stock price of $9.87 as of July 31, 2014 which would have been received by the option holders had all option holders exercised their options as of that date.  All of the options are in the money as of July 31, 2014.
	Common Stock
	In May 2011, Straight Path IP Group entered into an employment agreement with its then Chief Executive Officer (the “Former SPIP CEO”), pursuant to which Straight Path IP Group committed to grant options to the Former SPIP CEO to purchase shares of Straight Path IP Group’s common stock representing 5.0% of Straight Path IP Group’s outstanding equity, at an exercise price of approximately $0.4 million. The options vested monthly from May 2011 through April 2015. The estimated value of this grant was $0.2 million which Straight Path IP Group was recognizing using the straight-line method over the vesting period. The fair value of the options was estimated using a Black-Scholes valuation model and the following assumptions: (1) expected volatility of 49% based on the historical volatility of a comparable company and other factors, (2) a discount rate of 2.2% and (3) an expected term of six years. The fair value of the underlying Straight Path IP Group shares was determined using the income approach. The Company recorded stock-based compensation expense related to this grant of $13,000 and $52,000 in fiscal 2013 and fiscal 2012, respectively. The Company ceased recording stock-based compensation upon the termination of the Former SPIP CEO, and such options are now subject to dispute by us, as discussed in Note 7.
	On September 24, 2012, IDT’s Board of Directors approved a grant of 10% of the equity of Straight Path IP Group to Howard Jonas, Chairman and Chief Executive Officer of IDT. These Straight Path IP Group shares vested immediately. The Company recorded stock-based compensation expense of approximately $662,000 in fiscal 2013 for the grant of these shares, based on the estimated fair value of the shares on the grant date. The estimated fair value of the Straight Path IP Group shares was determined using the income approach based on expected future royalties.
	On April 15, 2013, a consultant was granted a stock option to purchase up to 0.5% of the outstanding shares of common stock of Straight Path IP Group. The option vests 33.2% immediately, 33.4% on May 31, 2013 and 33.4% on May 31, 2014. The estimated value of this grant was $13,318 which Straight Path IP Group recognized using the straight-line method over the vesting period. The fair value of the options was estimated using a Black-Scholes valuation model and the following assumptions: (1) expected volatility of 51% based on the historical volatility of comparable companies and other factors, (2) a discount rate of 0.8% and (3) an expected term of four years. The estimated fair value of the underlying Straight Path IP Group shares was determined using the income approach based on expected future royalties.
	On August 2, 2013, the Company granted its non-employee directors a total of 3,750 shares of the Company’s Class B common stock with an aggregate fair value of $21,263. These shares vested immediately upon grant. In addition, on August 2, 2013, the Company granted Davidi Jonas, the Company’s Chief Executive Officer and President, 229,608 restricted shares of Class B Common Stock, and Jonathan Rand, the Company’s Chief Financial Officer and Treasurer, 38,268 restricted shares of Class B Common Stock. Both grants of restricted shares vest as to one-third of the granted shares on each of August 2, 2014, 2015 and 2016, unless otherwise determined by the Compensation Committee of the Company’s Board of Directors. The aggregate fair value of the grant was $1.5 million which is being charged to expense on a straight-line basis over the vesting period.
	On August 6, 2013, the Company granted various consultants an aggregate of 10,100 restricted shares of its Class B common stock.These restricted shares vest as to one-third of the granted shares in each of August 2014, 2015 and 2016, unless otherwise determined by the Compensation Committee of the Company’s Board of Directors. The aggregate grant date fair value of the grant was $50,000, which is being charged to expense on a straight-line basis over the vesting period.
	In January 2014, the Company granted its non-employee directors an aggregate of 24,000 shares of the Company’s Class B common stock with an aggregate fair value on the date of grant of $197,000.  These shares vested immediately upon grant.
	On July 31, 2014, the Company granted a consultant 5,500 restricted shares of its Class B common stock.  These restricted shares will vest as to one-half of the granted shares on each of January 31, 2015 and July 31, 2015, unless otherwise determined by the Compensation Committee of the Company’s Board of Directors. The aggregate grant date fair value of the grant was approximately $54,000, which will being charged to expense on a straight-line basis over the vesting period.
	On August 1, 2014, subject to stockholder approval, the Company granted Davidi Jonas 71,000 restricted shares of Class B Common Stock and Jonathan Rand 52,000 restricted shares of Class B Common Stock. Both grants of restricted shares will vest as to approximately one-third of the granted shares on each of February 1, 2015, 2016 and 2017, unless otherwise determined by the Compensation Committee of the Company’s Board of Directors. The aggregate fair value of the grant was $1.2 million which will be charged to expense on a straight-line basis over the vesting period.
	On August 1, 2014, the Company also granted Jerry Pi, its Chief Technology Officer, 60,000 restricted shares of Class B Common Stock. These restricted shares will vest as to one-third of the granted shares on each of September 1, 2015, 2016 and 2017, unless otherwise determined by the Compensation Committee of the Company’s Board of Directors. The aggregate fair value of the grant was $573,000 which will be charged to expense on a straight-line basis over the vesting period.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Jul. 31, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	Note 7—Commitments and Contingencies
	Legal Proceedings
	On December 11, 2012, Straight Path IP Group filed a demand for arbitration seeking a declaration that the Former SPIP CEO’s employment was properly terminated for cause and that the Former SPIP CEO is not entitled to severance or certain equity rights under his employment agreement. On March 15, 2013, the Former SPIP CEO filed a response and counterclaims alleging breach of contract and seeking various forms of relief. Specifically, he is seeking certain declarations related to the termination of his employment, and he is seeking certain payments including in respect of options to purchase common stock representing 5% of the outstanding common stock of Straight Path IP Group, damages for unpaid compensation and severance, a sum in excess of $35 million in compensatory damages, and punitive damages in an unspecified amount. In a filing with respect to the arbitration proceeding, the Former SPIP CEO announced his intent to present evidence of a valuation of $5 billion for Straight Path IP Group, along with his assertion that the market value of Straight Path IP Group is not a fair representation of his damages related to his alleged equity rights. Discovery is complete, the parties have filed motions for summary judgment, and the arbitration is set to begin on November 3, 2014.  The Company does not believe that the Former SPIP CEO’s counterclaims have merit, and is vigorously seeking to enforce its rights, prevail on its claims, and defend against the defendant’s counterclaims. At the current time, the Company cannot reasonably determine its likely exposure in this matter. Under the terms of the Separation Agreement related to the Spin-Off, IDT is responsible for the costs of the arbitration and will indemnify the Company for liability other than for issuance of equity to the Former SPIP CEO.
	On or about December 31, 2012, the Former SPSI CEO, and a related party (the “Related Entity”) filed a complaint in New York County against IDT Corporation, IDT Spectrum, Inc., IDT Spectrum, LLC, and certain IDT executives (collectively “the Spectrum Defendants”) seeking (a) a declaration that the Related Entity was the sole owner of certain wireless spectrum licenses acquired in May 2012 in the Related Party’s name, (b) an award of money damages to compensate for alleged economic injury caused by the Spectrum Defendants’ alleged interference with plaintiffs’ existing and prospective business relationships, (c) for the court to impose a constructive trust over the proceeds of the Straight Path Spectrum, Inc. portfolio in order to ensure that it is managed in a manner that maximizes its value, and (d) damages for breach of fiduciary duty. That case was removed to federal court on February 5, 2013.
	On February 1, 2013, IDT Corporation, IDT Spectrum, Inc., and IDT Spectrum LLC (“IDT Plaintiffs”) filed a complaint against the Former SPSI CEO and other parties in United Stated District Court for the District of New Jersey. The IDT Plaintiffs also moved for a temporary restraining order and preliminary injunction. On February 5, 2013, the court granted IDT’s motion for a temporary restraining order. Following an evidentiary hearing, the court reserved decision regarding issuance of a preliminary injunction.
	On June 6, 2013, IDT Corporation and certain related parties, including Straight Path Spectrum, settled all outstanding claims and disputes with the Former SPSI CEO and related parties described in the preceding two paragraphs. The disputes related primarily to certain contractual and other alleged rights the Former SPSI CEO claimed to have with respect to certain wireless spectrum licenses owned by Straight Path Spectrum, including rights to a portion of future proceeds from licensing, leasing, and sale of rights in spectrum licenses. In connection with the settlement, and in consideration for the transfer of certain wireless spectrum licenses that an entity controlled by the Former SPSI CEO had purchased as agent for Straight Path Spectrum, the Former SPSI CEO’s relinquishment of his claimed rights for future proceeds from other wireless spectrum licenses owned by Straight Path Spectrum, and the releases referred to below, Straight Path Spectrum made a cash payment in the amount of $1.5 million to the Former SPSI CEO, and the Former SPSI CEO is entitled to receive payments from future revenues generated from the leasing, licensing or sale of rights in certain of Straight Path Spectrum’s wireless spectrum licenses. The future payments shall equal 50% of revenues, net of certain expenses, received from such activities with respect to the covered licenses that are to be retained by Straight Path Spectrum, up to a maximum of $3.25 million. The parties to the settlement exchanged mutual releases with respect to all claims they had against each other arising from all prior or existing relationships.
	The Company recorded the $1.5 million payment in fiscal 2013 in connection with the settlement with the Former SPSI CEO and parties related to the Former SPSI CEO as follows. The Company attributed $350,000 million to the value of the wireless spectrum licenses that were transferred to the Company by an entity controlled by the Former SPSI CEO, which was included in “Intangibles” in the combined and consolidated balance sheet at July 31, 2013, and the remaining $1.2 million was included in “Loss on settlement of Straight Path Spectrum legal proceedings” in fiscal 2013 in the combined and consolidated statement of operations. In addition, the Company reversed accrued amounts due to the Former SPSI CEO and parties related to the Former SPSI CEO related to the March and April 2012 sale of rights in wireless spectrum (see Note 10) and recorded a gain in fiscal 2013 of $0.2 million that was included in “Gain on sale of rights in wireless spectrum” in the combined and consolidated statement of operations.
	On April 11, 2013, Sipnet EU S.R.O., a Czech company, (“Petitioner”) filed a petition for an inter partes review (IPR) at the United States Patent and Trademark Office (the “USPTO”) for certain claims of U.S. Patent 6,108,704 (“the ’704 Patent”). On October 11, 2013, the USPTO partially granted the request and instituted an IPR. On July 11, 2014, the USPTO held oral argument. On October 9, 2014, the USPTO issued an administrative decision that claims 1-7 and 32-42 of the ‘704 Patent are unpatentable. We disagree with this finding and intend to appeal this decision to the U.S. Court of Appeals for the Federal Circuit. Nevertheless, this decision could have a materially adverse impact on our enforcement efforts. While most of the claims found to be unpatentable were not asserted in our enforcement actions, we intend to vigorously defend all of the claims of the ’704 Patent and appeal the ruling. The USPTO’s decision could lead to challenges to other claims under other of our patents, especially if the decision withstands appeal.
	During the pendency of an inter partes review, or related appeal, any litigation related to the patents in review could potentially be subject to an order to stay the litigation while the review or appeal proceeds. Therefore, while a review or appeal is pending, we may be unable to enforce our patents.
	On August 1, 2013, Straight Path IP Group filed complaints in the United States District Court for the Eastern District of Virginia against Bandwidth.com, Inc. (“Bandwidth”), Telesphere Networks Ltd. (“Telesphere”), and Vocalocity, Inc. (“Vocalocity”) claiming infringement of two of its patents (U.S. Patent Nos. 6,701,365 and 6,513,066). Straight Path IP Group sought both damages and injunctive relief from the defendants. In January 2014, Straight Path IP Group entered into a confidential settlement and patent license agreement with Bandwidth. On February 26, 2014, the Court issued a Markman ruling, which Straight Path IP Group believes is favorable to its claims. In May 2014, Straight Path IP Group entered into a confidential settlement and patent license agreement with Telesphere. In June 2014, Straight Path IP Group entered into a confidential settlement and patent license agreement with Vocalocity.
	On August 1, 2013, Straight Path IP Group filed a complaint with the International Trade Commission (“ITC”) to institute an investigation against respondents AmTran Logistics, Inc., AmTran Technology Co., Ltd. (collectively “AmTRAN”), LG Electronics, Inc., LG Electronics U.S.A., Inc., LG Electronics MobileComm U.S.A., Inc. (collectively “LG”) , Panasonic Corporation, Panasonic Corporation of North America(collectively “Panosonic”) , Sharp Corporation, Sharp Electronics Corporation (collectively “Sharp”) , Sony Computer Entertainment, Inc., Sony Computer Entertainment America LLC, Sony Computer Entertainment America Inc., Sony Corporation, Sony Corporation of America, Sony Electronics, Inc., Sony Mobile Communications AB, Sony Mobile Communications (USA) Inc., Sony Ericsson Mobile Communications (USA) Inc. (collectively “Sony”) , Toshiba Corporation, Toshiba America Inc., Toshiba America Information Systems, Inc. (collectively “Toshiba”) , and Vizio, Inc. (“Vizio”)Straight Path IP Group alleged that the respondents infringed three of its patents (U.S. Patent Nos. 6,108,704; 6,009,469; and 6,131,121). Straight Path IP Group sought to exclude the allegedly infringing products from importation into the United States. On September 4, 2013, the ITC instituted the investigation. In January 2014, Straight Path IP Group and Sharp entered into a confidential settlement and patent license agreement. In April 2014, Straight Path IP Group and Sony entered into a confidential settlement and patent license agreement. In May 2014, Straight Path IP Group and AmTRAN entered into a confidential settlement and patent license agreement. Also on May 5, 2014, Straight Path IP Group moved to terminate the ITC investigation to pursue its claims against the remaining respondents in district court. On May 12, 2014, the Administrative Law Judge issued an initial determination granting Straight Path IP Group’s motion to terminate. In May 2014, Straight Path IP Group and Panasonic entered into a confidential settlement and patent license agreement.
	On August 1, 2013, Straight Path IP Group also filed complaints in the United States District Court for the Eastern District of Virginia against the same respondents in the ITC action, alleging infringement of the same three patents. Straight Path IP Group seeks damages in these actions. These actions against LG, Toshiba, and Vizio have been consolidated, and a scheduling order has issued—with trial set for February 2015. The co-pending actions against Sharp, Sony, Panasonic, and AmTRAN were dismissed from the district court based on compliance with obligations under the confidential settlement and patent license agreement. A scheduling order is expected shortly.
	On April 23, 2014, Straight Path IP Group and Google, Inc. entered into a confidential license agreement. Although Google was not a party to either the ITC investigation or district court actions described above, Google products and services were identified in a number of allegedly infringing products.
	On August 23, 2013, Straight Path IP Group filed complaints in the United States District Court for the Eastern District of Texas against Blackberry Ltd., Blackberry Corp. (collectively, “BlackBerry”), Huawei Investment & Holding Co., Ltd., Huawei Technologies Co., Ltd., Huawei Technologies USA, Inc., Huawei Devices USA, Inc., Samsung Electronics Co. Ltd., Samsung Electronics America, Inc., Samsung Telecommunications America, L.L.C., ZTE Corporation, and ZTE USA, Inc. (collectively “ZTE”) alleging infringement of three of its patents (U.S. Patent Nos. 6,108,704; 6,009,469; and 6,131,121). Straight Path IP Group seeks damages in these actions. Discovery has begun, a Markman hearing is set for November 2014 and a pretrial conference has been set for October 2015. In August 2014, Straight Path IP Group and BlackBerry entered into a confidential settlement and patent license agreement. In September 2014, Straight Path IP Group and ZTE entered into a confidential settlement agreement.
	On November 5, 2013, Straight Path IP Group filed a complaint in the United States District Court for the Eastern District of Virginia against Vonage Holdings Corp., Vonage America, Inc., and Vonage Marketing LLC (collectively “Vonage”) claiming infringement of four of its patents (U.S. Patent Nos. 6,009,469; 6,131,121; 6,513,066; and 6,701,365). Straight Path IP Group sought both damages and injunctive relief from the defendants. In January 2014, the action was transferred to the District Court for the District of New Jersey. In September 2014, Straight Path IP Group and Vonage entered into a confidential settlement and patent license agreement.
	On December 5, 2013, Sony filed three petitions at the USPTO for inter partes review of certain claims of U.S. Patent Nos. 6,108,704; 6,009,469; and 6,131,121. On April 28, 2014, shortly after entering into a confidential settlement and patent license agreement, Sony and Straight Path IP Group jointly moved to terminate Sony’s petitions. On May 2, 2014, the USPTO terminated the petitions.
	On May 2, 2014, Straight Path IP Group filed a complaint against Netflix, Inc. (‘Netflix”) in the United States District Court for the Eastern District of Texas claiming infringement of five of its patents (U.S. Patent Nos. 6,108,704; 6,009,469; 6,701,365; 6,131,121; and 6,513,066). Straight Path IP Group sought both damages and injunctive relief in this action. In August 2014, Straight Path IP Group and Netflix entered into a confidential settlement and patent license agreement
	On May 19, 2014, Vizio filed an action for declaratory relief of non-infringement of Straight Path’s patents (U.S. Patent Nos. 6,108,704; 6,009,469; and 6,131,121) in the Eastern District of Virginia against Straight Path IP Group. That action was dismissed.
	On June 5, 2014, Straight Path IP Group filed an additional complaint against BlackBerry in the United States District Court for the Eastern District of Texas, again claiming infringement of three of its patents (U.S. Patent Nos. 6,108,704; 6,009,469; and 6,131,121). This action against BlackBerry implicated infringing products and/or services not accused in the August 23, 2013 patent infringement action against BlackBerry described above. Straight Path IP Group sought both damages and injunctive relief in this action. Straight Path IP Group sought both damages and injunctive relief in this action. The complaint was dismissed as part of the parties’ August 2014 confidential settlement and patent license agreement.
	At July 31, 2014, Straight Path IP Group’s total license and settlement amounts were an aggregate of $16.7 million. The aggregate license and settlement amounts exclude contingent amounts for which collectability is not reasonably assured. At July 31, 2014, Straight Path IP Group incurred an aggregate of $8.8 million in expenses directly related to these settlements, which is being recognized ratably in proportion to the revenue recognized.
	On August 1, 2014, Vonage and Netflix, Inc. filed five petitions at the USPTO for inter partes review of certain claims of U.S. Patent Nos. 6,108,704; 6,009,469; 6,131,121; 6,513,066; and 6,701,365. As we have settled with both Netflix and Vonage we expect these inter partes review to be dismissed.
	On August 22, 2014, Samsung Electronics Co., Ltd., Samsung Electronics America, Inc. and Samsung Telecommunications America, LLC. filed three petitions at the USPTO for inter partes review of certain claims of U.S. Patent Nos. 6,108,704; 6,009,469; 6,131,121.
	On September 24, 2014, Straight Path IP Group filed three complaints against each of Apple, Inc. (“Apple”), Avaya Inc. (“Avaya”), and Cisco Systems, Inc. (“Cisco”) in the United States District Court for the Northern District of California. Straight Path IP Group claims that (a) Apple’s telecommunications products, including Facetime software, infringe four of its patents (U.S. Patent Nos. 6,108,704, 6,131,121, 6,701,365, and 7,149,208); that (b) Avaya’s IP telephony, video conference and telepresence products such as Defendant's Aura Platform infringe four of its patents (U.S. Patent Nos. 6,009,469, 6,108,704, 6,131,121, and 6,701,365); and (c) Cisco’s IP telephony, video conference and telepresence products such as the Unified Communications Solutions infringe four of its patents (U.S. Patent Nos. 6,009,469, 6,108,704, 6,131,121, and 6,701,365).
	On September 26, 2014, Straight Path IP Group filed a complaint against Verizon Communications Inc., Verizon Services Corp., and Verizon Business Network Services Inc. (collectively “Verizon”) in the United States District Court for the Southern District of New York. Straight Path IP Group claims Verizon’s telephony products such as its Advanced Communications Products, including Unified Communications and Collaboration and VOIP infringe three of its patents (U.S. Patent Nos. 6,108,704, 6,131,121, and 6,701,365).
	In addition to the foregoing, the Company may from time to time be subject to other legal proceedings that arise in the ordinary course of business. Although there can be no assurance in this regard, the Company does not expect any of those legal proceedings to have a material adverse effect on the Company’s results of operations, cash flows or financial condition.
	Lease Commitments
	The Company is currently operating under a lease agreement for its corporate headquarters in Richmond, Virginia for a term of one year beginning on June 1, 2014 and ending on May 31, 2015 at a monthly rent of $575.  In July 2013, the Company entered into a lease agreement for a satellite office in Englewood Cliffs, New Jersey for one year commencing on August 1, 2013 and ending on July 31, 2014 for aggregate rent of $8,800.  The Company is currently operating under a lease agreement for the period July 1, 2014 through October 31, 2014 for aggregate rent of $2,390.
	Rental expense under operating leases was $22,000 and $13,000 in fiscal 2014 and fiscal 2013, respectively.
	FCC License Renewal
	As of October 24, 2013, Straight Path Spectrum has eight hundred twenty eight 39 GHz Economic Area (“EA”) licenses with an expiration date of October 18, 2020. Straight Path Spectrum has filed its substantial service performance filings for its 39 GHz EA licenses, and these showings have been accepted by the FCC, which is effective for the current period of the licenses, through 2020.
	In addition, Straight Path Spectrum holds one hundred and thirty three LMDS licenses in the 28 GHz range, of which 14 licenses expire on August 10, 2018, 118 licenses expire on September 21, 2018, and the New York City LMDS license expires on February 1, 2016. Straight Path Spectrum has met its substantial service build-out obligations for these LMDS licenses.
	Other Commitments and Contingencies
	The Former SPSI CEO is entitled to receive payments from future revenues generated from the leasing, licensing or sale of rights in certain of Straight Path Spectrum’s wireless spectrum licenses. Those payments are to be made out of 50% of the covered revenue and are in a maximum aggregate amount of $3.25 million. The payments arise under the June 2013 settlement of certain claims and disputes with the Former SPSI CEO and parties related to the Former SPSI CEO. The Company has paid $112,000 to the Former SPSI CEO for this obligation in fiscal 2014.
	Straight Path IP Group generally pays law firms that represent it in litigation against alleged infringers of its intellectual property rights a percentage of the amounts recovered ranging from 0% to 40% depending on several factors.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Jul. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 8—Related Party Transactions
	In connection with the Spin-Off, the Company and IDT entered into a Separation and Distribution Agreement and a Tax Separation Agreement to complete the separation of the Company’s businesses from IDT and to distribute the Company’s common stock to IDT’s stockholders. These agreements govern the relationship between the Company and IDT after the distribution and also provide for the allocation of employee benefits, taxes and other liabilities and obligations attributable to periods prior to the distribution. These agreements reflect terms between affiliated parties established without arms-length negotiation. The Company believes that the terms of these agreements equitably reflect the benefits and costs of the Company’s ongoing relationships with IDT.
	Pursuant to the Separation and Distribution Agreement, the Company has indemnified IDT and IDT has indemnified the Company for losses related to the failure of the other to pay, perform or otherwise discharge, any of the liabilities and obligations set forth in the agreement. The Separation and Distribution Agreement includes, among other things, that IDT is obligated to reimburse the Company for the payment of any liabilities of the Company arising or related to the period prior to the Spin-Off.
	The Company also entered into a Transition Services Agreement, pursuant to which IDT will provided certain services, including, but not limited to information and technology, human resources, payroll, tax, accounts payable, purchasing, treasury, financial systems, investor relations, legal, corporate accounting, internal audit, and facilities for an agreed period following the Spin-Off. The majority of these services have been moved to third party vendors, and the remaining services we are receiving from IDT are expected to conclude by January 1, 2015.
	IDT charged the Company for certain transactions and allocates routine expenses based on company specific items. In addition, IDT controlled the flow of the Company’s treasury transactions. In fiscal 2014 and fiscal 2013, IDT allocated to the Company an aggregate of $911,000 and $955,000, respectively, for payroll, benefits, insurance, facilities and other expenses, which were included in “Selling, general and administrative expense” in the combined and consolidated statements of operations. In addition, in fiscal 2014 and fiscal 2013, IDT charged the Company an aggregate of $29,000 and $53,000, respectively, for regulatory fees, connectivity charges and legal expenses, which were included in “Direct cost of revenues” in the combined and consolidated statements of operations. In fiscal 2013, the Company was included in IDT’s consolidated federal income tax return.
	The change in the Company’s liability to IDT was as follows:
	Year ended July 31	2014			2013
	(in thousands)
	Balance at beginning of year	$	—		$	—
	Payments by IDT on behalf of the Company		940			1,008
	Deferred taxes offset against IDT net operating losses		—			12
	Cash repayments, net of advances		(934	)		1,737
	Amount due to IDT contributed to equity		—			(2,757	)
	Balance at end of year	$	6		$	—
	Average balance during the year	$	111		$	1,099

Revenues_and_Gain_on_Sale_of_R

Revenues and Gain on Sale of Rights in Wireless Spectrum	12 Months Ended
	Jul. 31, 2014
Revenues and Gainon Sale Of Wireless Spectrum Rights [Abstract]	'
Revenues and Gain on Sale of Rights in Wireless Spectrum	'
	Note 9—Revenues and Gain on Sale of Rights in Wireless Spectrum
	Revenues
	In fiscal 2014 and 2013, Straight Path Spectrum’s revenues from transactions with a single customer that amounted to 10% or more of total revenues were as follows:
	Year ended July 31	2014		2013
	(in thousands)
	Customer:
	TelePacific Communications	$	165	$	165
	AT&T		114		134
	UNSI		53		-
	The loss of any of these major customers would have a material adverse effect on the Company’s results of operations and cash flows.
	Revenue From Patent Infringement
	As discussed above, the Company has filed a series of lawsuits claiming infringement of a number of its key patents and was seeking both damages and injunctive relief.  Many of the actions have been settled. In connection with the settlements, Straight Path IP Group recognized revenue of approximately $4.4 million in fiscal 2014 and $605,000 in fiscal 2013. The total settlement amounts aggregated $16.7 million, excluding contingent amounts for which collectability is not reasonably assured. These settlement agreements include license fees for the duration of the license term. The license term is through the expiration of the licenses in September 2015.
	Gain on Sale of Rights in Wireless Spectrum
	In March and April 2012, Straight Path Spectrum closed on the sale of rights in wireless spectrum partitioned and/or disaggregated from eight of its LMDS and 39 GHz EA spectrum licenses covering metropolitan areas from its nationwide portfolio. In fiscal 2012, Straight Path Spectrum received cash of $6.8 million in exchange for the rights in the spectrum and recorded a gain of $5.3 million. In fiscal 2013, Straight Path Spectrum settled certain claims of the Former SPSI CEO and parties related to the Former SPSI CEO in connection with the March and April 2012 sale of rights in wireless spectrum and recorded an additional gain of $150,000 (see Note 7).

Business_Segment_Information

Business Segment Information	12 Months Ended
	Jul. 31, 2014
Business Segment Information [Abstract]	'
Summary of operating results for the business segments	'
	Note 10—Business Segment Information
	The Company has two reportable business segments, Straight Path Spectrum, which holds, leases and sells fixed wireless spectrum, and Straight Path IP Group, which holds intellectual property primarily related to communications over the Internet and the licensing and other businesses related to this intellectual property.
	The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker.
	The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. There are no significant asymmetrical allocations to segments.
	Operating results for the business segments of the Company were as follows:
	(in thousands)	Straight Path Spectrum			Straight			Total
					Path IP Group
	Year ended July 31, 2014
	Revenues	$	424		$	4,372		$	4,796
	Loss from operations		(495	)		(197	)		(692	)
	Year ended July 31, 2013
	Revenues	$	525		$	605		$	1,130
	(Loss) from operations		(1,891	)		(1,724	)		(3,615	)
	Gain on sale of rights in wireless spectrum included in loss from operations		150			—			150
	Loss on settlement of Straight Path Spectrum legal proceedings included in loss from operations		(1,150	)		—			(1,150	)
	Total assets for the business segments of the Company were as follows:
	(in thousands)	Straight Path Spectrum			Straight			Total
					Path IP Group
	Total assets:
	31-Jul-14	$	5,586		$	24,853		$	30,439
	31-Jul-13	$	3,642		$	12,097		$	15,739
	None of the Company’s revenues were generated outside of the United States in fiscal 2014 or fiscal 2013. The Company did not have any assets outside the United States at July 31, 2014 or 2013.

Description_of_Business_and_Su1

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2014
Description of Business and Summary of Significant Accounting Policies [Abstract]	'
Basis of Accounting	'
	Basis of Accounting
	The accompanying financial statements for periods prior to the July 31, 2013 Spin-Off were prepared on a combined basis because the operations were under common control.
	All material intercompany balances and transactions have been eliminated in combination and consolidation.
	The combined and consolidated financial statements include the assets, liabilities, results of operations and cash flows of the entities included in the Company post-Spin-Off. The assets and liabilities in the accompanying financial statements are recorded at historical cost. Direct expenses historically incurred by IDT on behalf of the entities are reflected in these financial statements. The most significant expenses are as follows:
	●	Straight Path IP Group’s legal and professional fees.
	●	Salaries and employee benefits have been allocated based on specific identification.
	●	Facility costs as well as certain salaries consisting of payroll, human resources, purchasing, accounts payable, treasury, network and telephone services, legal, travel, and consulting fees were allocated to these entities based on estimates of the incremental cost incurred by IDT.
	●	Medical and dental benefits were allocated to these entities based on rates similar to COBRA health benefit provision rates charged to former IDT employees.
	●	Stock-based compensation and retirement benefits under IDT’s defined contribution plan were allocated to these entities based on specific identification. Insurance was allocated to these entities based on a combination of headcount and specific policy identification.
	Management believes that the assumptions and methods of allocation used were reasonable. However, the costs as allocated are not necessarily indicative of the costs that would have been incurred if these entities operated on a stand-alone basis. Therefore, the combined and consolidated financial statements included herein may not necessarily be indicative of the financial position, results of operations, changes in equity and cash flows of the Company to be expected in the future or what they would have been had the Company been a separate stand-alone entity during the periods presented.
	In order for the Company to meet its obligations and other cash flow needs, IDT transferred cash to the Company such that the Company had approximately $15 million in cash at the time of the Spin-Off, which management believed would be sufficient to meet the Company’s cash requirements during fiscal 2014.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates.
Revenue Recognition	'
	Revenue Recognition
	Straight Path Spectrum lease revenues are recognized on a straight line basis over the contractual lease period, which generally range from one to three years. Revenues from sale of rights in FCC licenses are recognized upon execution of the agreement by both parties, provided that the amounts are fixed or determinable, there are no significant undelivered obligations and collectability is reasonably assured. Revenues from sale of rights in FCC licenses less applicable costs of the sale are classified as “Gain on sale of rights in wireless spectrum” in the accompanying Combined and Consolidated Statements of Operations.
	Straight Path Spectrum recorded the amounts that the Former Chief Executive Officer of Straight Path Spectrum (the “Former SPSI CEO”) was entitled to, related to leases, in “Selling, general and administrative” expense, in the same period the related revenues were recognized. Straight Path Spectrum recorded the amounts that the Former SPSI CEO was entitled to, related to the sale of rights in spectrum, in “Gains on sale of rights of wireless spectrum”, in the same period the related revenues were recognized (see Note 9).
	Straight Path IP Group licenses its portfolio of patents to companies who use these patents in the provision of their product(s) and/or service(s). The contractual terms of the license agreements generally provide for payments over an extended period of time. For the licensing agreements with fixed royalty payments, Straight Path IP Group generally recognizes revenue on a straight-line basis over the contractual term of the license, once collectability of the amounts is reasonably assured. For the licensing agreements with variable royalty payments which are based on a percentage of sales, Straight Path IP Group earns royalties at the time that the customers’ sales occur. Straight Path IP Group’s customers, however, do not report and pay royalties owed for sales in any given period until after the conclusion of that period. As Straight Path IP Group is unable to estimate the customers’ sales in any given period to determine the royalties due to Straight Path IP Group, it recognizes royalty revenues when sales and royalties are reported by customers and when other revenue recognition criteria are met.
	In addition, Straight Path IP Group may enter into certain settlements of patent infringement disputes. The amount of consideration received upon any settlement (including but not limited to past royalty payments and future royalty payments) is allocated to each element of the settlement based on the fair value of each element. In addition, revenues related to past royalties are recognized upon execution of the agreement by both parties, provided that the amounts are fixed or determinable, there are no significant undelivered obligations and collectability is reasonably assured. Straight Path IP Group does not recognize any revenues prior to execution of the agreement since there is no reliable basis on which it can estimate the amounts for royalties related to previous periods or assess collectability.
Direct Cost of Revenues	'
	Direct Cost of Revenues
	Direct cost of revenues for Straight Path Spectrum consists primarily of network and connectivity costs and associated regulatory taxes and fees. Such costs are charged to expense as incurred.  Direct cost of revenues for Straight Path IP Group consists of legal expenses directly related to revenues from litigation settlements. Expenses incurred for which revenue has not yet been recognized is classified as prepaid expenses – settlements in the consolidated balance sheet.
Cash Equivalents and Concentrations of Credit Risk	'
	Cash Equivalents and Concentrations of Credit Risk
	The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash equivalents consist of money market accounts. The Company maintains principally all cash and cash equivalent balances in various financial institutions which, at times may exceed the amounts insured by the Federal Deposit Insurance Corporation.  The exposure to the Company is solely dependent upon daily bank balances and the respective strength of the financial institutions.  The Company has not incurred any losses on these accounts.
Intangible Assets	'
	Intangible Assets
	Intangible assets consists of the cost of the wireless spectrum licenses that were transferred to the Company by an entity controlled by the Former SPSI CEO in connection with the June 2013 settlement of all outstanding claims and disputes with the Former SPSI CEO and parties related to the Former SPSI CEO (see Note 7). The wireless spectrum licenses are not amortized since they are deemed to have an indefinite life. These assets are reviewed annually or more frequently under certain conditions for impairment using a fair value approach. On August 1, 2013, the Company adopted the accounting standard update that reduced the complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and improved consistency in impairment testing guidance among long-lived asset categories. The Company may first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. Prior to the adoption of this update, the Company was required to test indefinite-lived intangible assets for impairment by comparing the fair value of the asset with its carrying amount. The adoption of this standard update did not impact the Company’s financial position, results of operations or cash flows.
Income Taxes	'
	Income Taxes
	The accompanying financial statements include provisions for federal and state income taxes on a separate tax return basis.
	The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the period in which related temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in its assessment of a valuation allowance. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of such change.
	The Company uses a two-step approach for recognizing and measuring tax benefits taken or expected to be taken in a tax return. The Company determines whether it is more-likely-than-not that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. In evaluating whether a tax position has met the more-likely-than-not recognition threshold, the Company presumes that the position will be examined by the appropriate taxing authority that has full knowledge of all relevant information. Tax positions that meet the more-likely-than-not recognition threshold are measured to determine the amount of tax benefit to recognize in the financial statements. The tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Differences between tax positions taken in a tax return and amounts recognized in the financial statements will generally result in one or more of the following: an increase in a liability for income taxes payable, a reduction of an income tax refund receivable, a reduction in a deferred tax asset, or an increase in a deferred tax liability.
	The Company classifies interest and penalties on income taxes as a component of income tax expense.
Contingencies	'
	Contingencies
	The Company accrues for loss contingencies when both (a) information available prior to issuance of the financial statements indicates that it is probable that a liability had been incurred at the date of the financial statements and (b) the amount of loss can reasonably be estimated. When the Company accrues for loss contingencies and the reasonable estimate of the loss is within a range, the Company records its best estimate within the range. When no amount within the range is a better estimate than any other amount, the Company accrues the minimum amount in the range. The Company discloses an estimated possible loss or a range of loss when it is at least reasonably possible that a loss may have been incurred.
Earnings Per Share	'
	Earnings per Share
	Basic earnings (loss) per share is computed by dividing net income (loss) attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increase is anti-dilutive.
			Years Ended
			July 31,
			2014		2013
			(in thousands)
	Basic weighted-average number of shares			10,667		10,504
	Effect of dilutive securities:
	Stock options			9		-
	Non-vested restricted Class B common stock			591		-
	Diluted weighted-average number of shares			11,267		10,504
	At July 31, 2013, the Company did not have any dilutive securities.
Stock-Based Compensation	'
	Stock-Based Compensation
	The Company accounts for stock-based compensation in accordance with FASB ASC 718, “Compensation - Stock Compensation.” The Company recognizes compensation expense for all of its grants of stock-based awards based on the estimated fair value on the grant date. Compensation cost for awards is recognized using the straight-line method over the vesting period. Stock-based compensation is included in selling, general and administrative expense. See Note 6.
	The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 505, “Equity.” Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earlier of a performance commitment or completion of performance by the provider of goods or services as defined by ASC 505.
Fair Value Measurements	'
	Fair Value Measurements
	Fair value of financial and non-financial assets and liabilities is defined as an exit price, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three-tier hierarchy for inputs used to measure fair value, which prioritizes the inputs to valuation techniques used to measure fair value, is as follows:
	Level 1 –	quoted prices (unadjusted) in active markets for identical assets or liabilities.
	Level 2 –	quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.
	Level 3 –	unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value.
	A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.
Allowance for Doubtful Accounts	'
	Allowance for Doubtful Accounts
	The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the accounts receivable balance. The allowance is determined based on known troubled accounts, historical experience and other currently available evidence. Doubtful accounts are written-off upon final determination that the trade accounts will not be collected. The change in the allowance for doubtful accounts is as follows:
	Year ended July 31		Balance at		Additions		Deductions			Balance at
	(in thousands)		beginning of		charged to					end of year
			year		costs and
					expenses
	2014
	Reserves deducted from accounts receivable:
	Allowance for doubtful accounts		$	4	$	-	$	(4	)	$	-
	2013
	Reserves deducted from accounts receivable:
	Allowance for doubtful accounts		$	11	$	-	$	(7	)	$	4
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	Effective January 1, 2014, the Company adopted Accounting Standards Update No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”).  ASU 2013-11 is expected to reduce diversity in practice by providing guidance on the presentation of unrecognized tax benefits and will better reflect the manner in which an entity would settle at the reporting date any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. This guidance is effective prospectively for the Company for annual and interim periods beginning January 1, 2014.  The adoption of ASU 2013-11 did not have a material effect on the Company's financial position, results of operations or cash flows.
	In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”).  The amendments in ASU 2014-09 affect any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in ASC 605, “Revenue Recognition” and most industry-specific guidance and creates ASC 606, “Revenue from Contracts with Customers.”
	The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:
	Step 1: Identify the contract(s) with a customer.
	Step 2: Identify the performance obligations in the contract.
	Step 3: Determine the transaction price.
	Step 4: Allocate the transaction price to the performance obligations in the contract.
	Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.
	ASU 2014-09 is effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.  The Company will adopt this standard on August 1, 2017.  Entities have the option of using either a full retrospective or modified retrospective approach for the adoption of the standard. The Company is currently evaluating the effects of the adoption of ASU 2014-09 on its consolidated financial statements.
	The Company does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying consolidated financial statements.
Subsequent Events	'
	Subsequent Events
	Management has evaluated subsequent events through the date of this filing.

Description_of_Business_and_Su2

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jul. 31, 2014
Description of Business and Summary of Significant Accounting Policies [Abstract]	'
Schedule of weighted-average number of shares used in the calculation of basic and diluted earnings per share	'
		Years Ended
		July 31,
		2014		2013
		(in thousands)
	Basic weighted-average number of shares		10,667		10,504
	Effect of dilutive securities:
	Stock options		9		-
	Non-vested restricted Class B common stock		591		-
	Diluted weighted-average number of shares		11,267		10,504
Schedule of change in the allowance for doubtful accounts	'
	Year ended July 31	Balance at		Additions		Deductions			Balance at
	(in thousands)	beginning of		charged to					end of year
		year		costs and
				expenses
	2014
	Reserves deducted from accounts receivable:
	Allowance for doubtful accounts	$	4	$	-	$	(4	)	$	-
	2013
	Reserves deducted from accounts receivable:
	Allowance for doubtful accounts	$	11	$	-	$	(7	)	$	4

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Jul. 31, 2014
Income Taxes [Abstract]	'
Summary of (benefit from) provision for income taxes	'
	Year ended July 31	2014			2013
	(in thousands)
	Current:
	Federal	$	(21	)	$	(560	)
	State and local		(6	)		(113	)
			(27	)		(673	)
	Deferred:
	Federal		(1,925	)		560
	State and local		(401	)		121
			(2,326	)		681
	(BENEFIT FROM) PROVISION FOR INCOME TAXES	$	(2,353	)	$	8
Summary of deferred income tax assets	'
	July 31	2014			2013
	(in thousands)
	Deferred income tax assets:
	Current:
	Accrued expenses	$	333		$	177
	Stock based compensation		51			—
	Deferred revenue on litigation settlements		2,079			—
	Valuation allowance		(71	)		(177	)
	TOTAL CURRENT DEFERRED INCOME TAX ASSETS	$	2,392		$	—
	Non-Current:
	Deferred revenue on litigation settlements	$	313		$	—
	Stock based compensation		104			—
	Net operating loss carryforward		50,120			50,620
	Valuation allowance		(50,120	)		(50,620	)
	TOTAL NON-CURRENT DEFERRED INCOME TAX ASSETS	$	417		$	—
Schedule of differece between income taxes expected at the federal statutory income tax rate and income taxes provided	'
	Year ended July 31	2014			2013
	(in thousands)
	Federal income tax at statutory rate	$	(99	)	$	1,445
	Valuation allowance		(2,250	)		(1,445	)
	State and local income tax, net of federal benefit		(4	)		8
	(BENEFIT FROM) PROVISION FOR INCOME TAXES	$	(2,353	)	$	8
Schedule of change in the valuation allowance for deferred income taxes	'
	Year ended July 31	Balance			Additions charged to costs and expenses			Deductions			Balance at
	(in thousands)	at beginning									end of year
		of year
	2014
	Reserves deducted from deferred income taxes, net:
	Valuation allowance	$	50,797		$	—		$	(606	)	$	50,191
	2013
	Reserves deducted from deferred income taxes, net:
	Valuation allowance	$	49,982		$	815		$			$	50,797

Accrued_Expenses_Tables

Accrued Expenses (Tables)	12 Months Ended
	Jul. 31, 2014
Accrued Expenses [Abstract]	'
Summary of accrued expenses	'
	July 31	2014		2013
	(in thousands)
	Accrued compensation	$	577	$	403
	Accrued professional fees		566		901
	Accrued taxes		124		124
	Other		67		45
	TOTAL ACCRUED EXPENSES	$	1,334	$	1,473

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	12 Months Ended
	Jul. 31, 2014
Stock-Based Compensation [Abstract]	'
Schedule of share based compensation stock option activity	'
		Stock			Weighted-		Weighted-		Aggregate
		Options			average		average		Intrinsic Value
					Exercise		Remaining		(in thousands)
					Price		Contractual
							Term (in years)
	Outstanding as of August 1, 2012		-		$	-		-	$	-
	Granted		-		$	-
	Cancelled/Forfeited		-		$	-
	Outstanding as of July 31, 2013		-		$	-		-	$	-
	Granted		32,155		$	5.67
	Exercised		(3,065	)	$	5.67
	Cancelled/Forfeited		(2,542	)	$	5.67
	Outstanding as of July 31, 2014		26,548		$	5.67		5.7	$	112
	Vested and expected to vest as of July 31, 2014		26,548		$	5.67		5.7	$	112
	Exercisable as of July 31, 2014		20,835		$	5.67		5	$	88

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	12 Months Ended
	Jul. 31, 2014
Related Party Transactions [Abstract]	'
Schedule of Change in Liability to Related Party	'
	Year ended July 31	2014			2013
	(in thousands)
	Balance at beginning of year	$	-		$	-
	Payments by IDT on behalf of the Company		940			1,008
	Deferred taxes offset against IDT net operating losses		-			12
	Cash repayments, net of advances		(934	)		1,737
	Amount due to IDT contributed to equity		-			(2,757	)
	Balance at end of year	$	6		$	-
	Average balance during the year	$	111		$	1,099

Revenues_and_Gain_on_Sale_of_R1

Revenues and Gain on Sale of Rights in Wireless Spectrum (Tables)	12 Months Ended
	Jul. 31, 2014
Revenues and Gainon Sale Of Wireless Spectrum Rights [Abstract]	'
Summary of revenues and gain on sale	'
	Year ended July 31	2014		2013
	(in thousands)
	Customer:
	TelePacific Communications	$	165	$	165
	AT&T		114		134
	UNSI		53		-

Business_Segment_Information_T

Business Segment Information (Tables)	12 Months Ended
	Jul. 31, 2014
Business Segment Information [Abstract]	'
Summary of operating results for the business segments	'
	(in thousands)	Straight Path Spectrum			Straight			Total
					Path IP Group
	Year ended July 31, 2014
	Revenues	$	424		$	4,372		$	4,796
	Loss from operations		(495	)		(197	)		(692	)
	Year ended July 31, 2013
	Revenues	$	525		$	605		$	1,130
	(Loss) from operations		(1,891	)		(1,724	)		(3,615	)
	Gain on sale of rights in wireless spectrum included in loss from operations		150			—			150
	Loss on settlement of Straight Path Spectrum legal proceedings included in loss from operations		(1,150	)		—			(1,150	)
Summary of total assets for the business segments	'
	(in thousands)	Straight Path Spectrum			Straight			Total
					Path IP Group
	Total assets:
	31-Jul-14	$	5,586		$	24,853		$	30,439
	31-Jul-13	$	3,642		$	12,097		$	15,739

Description_of_Business_and_Su3

Description of Business and Summary of Significant Accounting Policies (Details)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]	'	'
Basic	10,667	10,504
Effect of dilutive securities:	'	'
Stock options	9	'
Non-vested restricted Class B common stock	591	'
Diluted	11,267	10,504

Description_of_Business_and_Su4

Description of Business and Summary of Significant Accounting Policies (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Reserves deducted from accounts receivable:	'	'
Allowance for doubtful accounts, Balance at beginning of year	$4	$11
Allowance for doubtful accounts, Additional changed to cost and expenses	'	'
Allowance for doubtful accounts, Deductions	-4	-7
Allowance for doubtful accounts, Balance at end of year	'	$4

Description_of_Business_and_Su5

Description of Business and Summary of Significant Accounting Policies (Details Textual) (USD $)	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013	Oct. 31, 2010	Jul. 31, 2014	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2013
Share data in Thousands, unless otherwise specified		Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Straight Path Spectrum [Member]	Straight Path Spectrum [Member]	Straight Path IP Group [Member]	Idt [Member]	Idt [Member]
		Common Class A [Member]	Common Class A [Member]	Common Class B [Member]	Common Class B [Member]				Common Class A [Member]	Common Class B [Member]
Description of Business and Summary of Significant Accounting Policies (Textual)	'	'	'	'	'	'	'	'	'	'
Ownership in Straight Path Spectrum	'	'	'	'	'	'	100.00%	84.50%	'	'
Renewal of 39 GHz FCC licenses	'	'	'	'	'	$210,000	'	'	'	'
License patent expiration date	'	'	'	'	'	18-Oct-18	'	'	'	'
Description of License	'	'	'	'	'	'The Company included the license renewal costs in other assets, which are being charged to expense on a straight-line basis over the ten-year term of the licenses.	'	'	'	'
Common stock shares distributed	'	787	787	11,013	10,693	'	'	'	'	'
Common stock shares outstanding	'	787	787	11,013	10,693	'	'	'	1,600	21,400
Cash at the time of spin off	$15,000,000	'	'	'	'	'	'	'	'	'
Settlement of litigation, description	'	'	'	'	'	'	'	'	'	'
								Intellectual property rights a percentage of the amounts recovered ranging from 0% to 40% depending on several factors.

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Current:	'	'
Federal	($21)	($560)
State and local	-6	-113
Total	-27	-673
Deferred:	'	'
Federal	-1,925	560
State and local	-401	121
Total	-2,809	'
(BENEFIT FROM) PROVISION FOR INCOME TAXES	($2,353)	$8

Income_Taxes_Details_1

Income Taxes (Details 1) (USD $)	Jul. 31, 2014	Jul. 31, 2013
In Thousands, unless otherwise specified
Current:	'	'
Accrued expenses	$333	$177
Stock based compensation	51	'
Deferred revenue on litigation settlements	2,079	'
Valuation allowance	-71	-177
TOTAL CURRENT DEFERRED INCOME TAX ASSETS	2,392	'
Non-Current:	'	'
Deferred revenue on litigation settlements	313	'
Stock based compensation	104	'
Net operating loss carryforward	50,120	50,620
Valuation allowance	-50,120	-50,620
TOTAL NON-CURRENT DEFERRED INCOME TAX ASSETS	$417	'

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Schedule of differences between income taxes expected at the federal statutory income tax rate and income taxes provided	'	'
Federal income tax at statutory rate	($99)	$1,445
Valuation allowance	-2,250	-1,445
State and local income tax, net of federal benefit	-4	8
(BENEFIT FROM) PROVISION FOR INCOME TAXES	($2,353)	$8

Income_Taxes_Details_3

Income Taxes (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Reserves deducted from deferred income taxes, net:	'	'
Valuation allowance, Beginning balance	$50,797	$49,982
Valuation allowance additions charged to costs and expenses	'	815
Valuation allowance, Deductions	-606	'
Valuation allowance, Ending Balance	$50,191	$50,797

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	12 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
Income Tax (Textual)	'	'
Operating Loss Carryforwards	$125,000,000	'
Operating loss carryforwards expiration term	'The net operating loss carryforwards will start to expire in fiscal 2022, with fiscal 2013's loss expiring in fiscal 2034.	'
Income tax expense (benefit)	-2,353,000	8,000
Deferred income tax assets valuation allowance percentage	100.00%	'
IDT[Member]	'	'
Income Tax (Textual)	'	'
Income tax expense (benefit)	1,000,000	'
Winstar Holdings, LLC	'	'
Income Tax (Textual)	'	'
Suspended losses became available to offset taxable income	3,000,000	'
Income tax expense (benefit)	$1,100,000	'

Accrued_Expenses_Details

Accrued Expenses (Details) (USD $)	Jul. 31, 2014	Jul. 31, 2013
In Thousands, unless otherwise specified
Summary of accrued expenses	'	'
Accrued compensation	$577	$403
Accrued professional fees	566	901
Accrued taxes	124	124
Other	67	45
TOTAL ACCRUED EXPENSES	$1,334	$1,473

Equity_Details

Equity (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014
Equity (Textual)	'
Common stock, conversion basis	'Each share of Class A common stock may be converted into one share of Class B common stock, at any time, at the option of the holder. Shares of Class A common stock are subject to certain limitations on transferability that do not apply to shares of Class B common stock.
Common stock issued for exercises of stock options	($17)
Class A common stock [Member] | Common Stock [Member]	'
Equity (Textual)	'
Common stock, voting rights	'
	Shares of Class A common stock are entitled to three votes per share.
Class B common stock [Member] | Common Stock [Member]	'
Equity (Textual)	'
Common stock, voting rights	'Shares of Class B common stock are entitled to one-tenth of a vote per share.
Common stock issued for compensation, Shares	311
Common stock issued for exercises of stock options, Shares	3
Common stock issued for exercises of stock options	'
Common stock issued for deferred stock units, Shares	9
Retirement of common stock issued to former employees of IDT Corporation, Shares	-3

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (Stock Option [Member], USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Stock Option [Member]	'	'
Stock Options	'	'
Stock options outstanding, Beginning balance	'	'
Stock options, Granted	32,155	'
Stock options, Exercised	-3,065	'
Stock options, Cancelled/Forfeited	-2,542	'
Stock options outstanding, Ending balance	26,548	'
Stock options, Vested and expected to vest	26,548	'
Stock options, Exercisable	20,835	'
Weighted- average Exercise Price	'	'
Weighted- average exercise price outstanding, Beginning balance	'	'
Weighted- average exercise price outstanding, Granted	$5.67	'
Weighted- average exercise price outstanding, Exercised	$5.67	'
Weighted- average exercise price outstanding, Cancelled/Forfeited	$5.67	'
Weighted- average exercise price outstanding, Ending balance	$5.67	'
Weighted- average exercise price outstanding, Vested and expected to vest	$5.67	'
Weighted- average exercise price outstanding, Exercisable	$5.67	'
Weighted- average Remaining Contractual Term (in years)	'	'
Weighted- average remaining contractual term, Outstanding	'5 years 8 months 12 days	'
Weighted- average remaining contractual term, Vested and expected to vest	'5 years 8 months 12 days	'
Weighted- average remaining contractual term, Exercisable	'5 years	'
Aggregate Intrinsic Value	'	'
Aggregate intrinsic value, Outstanding	$112	'
Aggregate intrinsic value, Vested and expected to vest	112	'
Aggregate intrinsic value, Exercisable	$88	'

StockBased_Compensation_Detail1

Stock-Based Compensation (Details Textual) (USD $)

12 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

Jul. 31, 2014

Jul. 31, 2013

Sep. 24, 2012

Jul. 31, 2013

Apr. 15, 2013

31-May-14

31-May-13

Jul. 31, 2013

Jul. 31, 2012

31-May-11

Aug. 06, 2013

Aug. 02, 2013

Jul. 31, 2014

Jul. 31, 2013

Aug. 01, 2014

Aug. 02, 2013

Aug. 01, 2014

Aug. 02, 2013

Aug. 01, 2014

Aug. 02, 2013

Jan. 31, 2014

Aug. 01, 2014

IDT[Member]

IDT[Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Common Class B [Member]

Former CEO [Member]

Subsequent Event [Member]

Jonathan Rand [Member]

Jonathan Rand [Member]

Davidi Jonas [Member]

Davidi Jonas [Member]

Non Employee Director [Member]

Non Employee Director [Member]

Jerry Pi [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Stock-Based Compensation (Textual)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock shares reserved

'

'

'

'

'

'

'

'

'

'

'

'

'

678,532

'

'

'

'

'

'

'

'

Common stock options purchase

'

'

'

641,567

'

'

'

'

'

'

'

'

'

32,155

'

'

'

'

'

'

'

'

Common stock shares outstanding option, percentage

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise option price per share

'

'

'

'

'

'

'

'

'

'

'

'

'

$5.67

'

'

'

'

'

'

'

'

Number of share granted for service

'

'

'

'

'

'

'

'

'

'

10,100

'

5,500

'

'

38,268

52,000

229,608

71,000

3,750

24,000

60,000

Common stock with aggregate fair value

'

'

'

'

'

'

'

'

'

'

$50,000

$1,500,000

$54,000

'

$1,200,000

'

'

'

'

$21,263

$197,000

$573,000

Restricted common stock shares description

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'Both grants of restricted shares will vest as to approximately one-third of the granted shares on each of February 1, 2015, 2016 and 2017.

'

'

'

'

'

'

'These restricted shares will vest as to one-third of the granted shares on each of September 1, 2015, 2016 and 2017.

Estimated value of grant option Srtaight Path IP

'

'

'

'

13,318

'

'

'

'

200,000

'

'

'

'

'

'

'

'

'

'

'

'

Stock option purchase of consultant, percentage

'

'

'

'

0.50%

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

Consultant stock option vests percentage

'

'

'

'

33.20%

33.40%

33.40%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Board of Directors approved a grant of equity percentage

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Grant options equity outstanding of Srtaight Path IP

'

'

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

'

'

'

'

'

'

Expected volatility

'

'

'

'

51.00%

'

'

'

'

49.00%

'

'

'

'

'

'

'

'

'

'

'

'

Discount rate

'

'

'

'

0.80%

'

'

'

'

2.20%

'

'

'

'

'

'

'

'

'

'

'

'

Expected term

'

'

'

'

'4 years

'

'

'

'

'6 years

'

'

'

'

'

'

'

'

'

'

'

'

Stock-based compensation

12,000

'

662,000

'

'

'

'

13,000

52,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Intrinsic value of options exercised

$12,104

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Closing stock price

$9.87

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)

12 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Jul. 31, 2014

Jul. 31, 2013

Oct. 31, 2014

Jul. 31, 2013

Jul. 31, 2013

Jul. 31, 2012

Jun. 06, 2013

Jun. 30, 2013

Jul. 31, 2013

Jul. 31, 2013

Jul. 31, 2013

Jul. 31, 2013

Apr. 15, 2013

Jul. 31, 2014

Jul. 31, 2013

Mar. 15, 2013

Jul. 31, 2014

Subsequent Event [Member]

Former Chief Executive Officer [Member]

Straight Path Spectrum [Member]

Straight Path Spectrum [Member]

Straight Path Spectrum [Member]

Straight Path Spectrum [Member]

Straight Path Spectrum [Member]

Straight Path Spectrum [Member]

Straight Path Spectrum [Member]

Straight Path Spectrum [Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Straight Path IP Group [Member]

Former Chief Executive Officer [Member]

Former Chief Executive Officer [Member]

39 GHz Economic Area [Member]

LMDS 28 GHz range [Member]

LMDS 28 GHz range [Member]

NEW YORK

Former Chief Executive Officer [Member]

Former Chief Executive Officer [Member]

Licenses expire on august 10, 2018 [Member]

Licenses expire on september 21,2018 [Member]

LMDS 28 GHz range [Member]

License

License

Commitments and Contingencies (Textual)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding common stock of Straight Path IP Percentage

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

'

5.00%

'

Compensatory damages

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$35,000,000

'

Arbitration proceedings, collateral

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000,000,000

'

Cash payment

'

'

'

'

'

'

1,500,000

'

'

'

'

'

'

'

'

'

'

Description of future payment

'

'

'

'

'

'

'The future payments shall equal 50% of revenues, net of certain expenses, received from such activities with respect to the covered licenses that are to be retained by Straight Path Spectrum, up to a maximum of $3.25 million.

'

'

'

'

'

'

'

'

'

'

Amount of maximum future payment for wireless spectrum licenses

'

'

'

'

'

'

3,250,000

'

'

'

'

'

'

'

'

'

'

Transferred value of licenses, intangible asset

'

'

'

350,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss on settlement of Straight Path Spectrum legal proceedings

'

-1,150,000

'

1,200,000

-1,150,000

'

'

'

'

'

'

'

'

'

'

'

'

Gain on settlement of rights in wireless spectrum

'

150,000

'

'

150,000

5,330,000

'

'

'

'

'

'

'

'

'

'

'

License and settlement, amount

'

'

'

'

'

'

'

'

'

'

'

'

'

16,700,000

800,000

'

'

Settlement expenses

'

'

'

'

'

'

'

'

'

'

'

'

'

8,800,000

'

'

'

Monthly rent

575

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate rent

8,800

'

2,390

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Rental expense, operating leases

22,000

13,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

License expiration date

'

'

'

'

'

'

'

'

18-Oct-20

10-Aug-18

21-Sep-18

1-Feb-16

'

'

'

'

'

Licenses to be expired

'

'

'

'

'

'

'

'

'

14

118

'

'

'

'

'

'

Maximum aggregate amount to be covered from revenue

'

'

'

'

'

'

'

3,250,000

'

'

'

'

'

'

'

'

'

Payments to be made from revenue, percentage

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

Cumulative amount paid for payment from future revenues from spectrum obligation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$112,000

Settlement of litigation, description

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Intellectual property rights a percentage of the amounts recovered ranging from 0% to 40% depending on several factors.

Related_Party_Transactions_Det

Related Party Transactions (Details) (IDT [Member], USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
IDT [Member]	'	'
Related Party Transaction, Due from (to) Related Party [Abstract]	'	'
Balance at beginning of year	'	'
Payments by IDT on behalf of the Company	940	1,008
Deferred taxes offset against IDT net operating losses	'	12
Cash repayments, net of advances	-934	1,737
Amount due to IDT contributed to equity	'	-2,757
Balance at end of year	6	'
Average balance during the year	$111	$1,099

Related_Party_Transactions_Det1

Related Party Transactions (Details Textual) (IDT [Member], USD $)	12 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
IDT [Member]	'	'
Related Party Transactions (Textual)	'	'
Payroll, benefits, insurance, facilities and other expenses	$911,000	$955,000
Regulatory fees	$29,000	$53,000

Revenues_and_Gain_on_Sale_of_R2

Revenues and Gain on Sale of Rights in Wireless Spectrum (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Summary of revenues and gain on sale	'	'
Revenues	$4,796	$1,130
Straight Path Spectrum [Member]	'	'
Summary of revenues and gain on sale	'	'
Revenues	424	525
Straight Path Spectrum [Member] | Telepacific Communications [Member]	'	'
Summary of revenues and gain on sale	'	'
Revenues	165	165
Straight Path Spectrum [Member] | AT&T[Member]	'	'
Summary of revenues and gain on sale	'	'
Revenues	114	134
Straight Path Spectrum [Member] | UNSI [Member]	'	'
Summary of revenues and gain on sale	'	'
Revenues	$53	'

Revenues_and_Gain_on_Sale_of_R3

Revenues and Gain on Sale of Rights in Wireless Spectrum (Details Textual) (USD $)	12 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2013	Jul. 31, 2012
			Straight Path IP Group [Member]	Straight Path IP Group [Member]	Straight Path Spectrum [Member]	Straight Path Spectrum [Member]
Revenues and Gain on Sale of Rights in Wireless Spectrum (Textual)	'	'	'	'	'	'
Revenues	$4,796,000	$1,130,000	$4,372,000	$605,000	'	'
Total Settlement Amounts Aggregated	'	'	16,700,000	800,000	'	'
Cash Received from Exchange of Licenses	'	'	'	'	'	6,800,000
Gain on Exchange of Licenses	'	$150,000	'	'	$150,000	$5,300,000

Business_Segment_Information_D

Business Segment Information (Details) (USD $)	12 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2012
Summary of operating results for the business segments	'	'	'
Revenues	$4,796,000	$1,130,000	'
Loss from operations	-692,000	-3,615,000	'
Gain on sale of rights in wireless spectrum included in loss from operations	'	150,000	'
Loss on settlement of Straight Path Spectrum legal proceedings included in loss from operations	'	-1,150,000	'
Straight Path Spectrum [Member]	'	'	'
Summary of operating results for the business segments	'	'	'
Revenues	424,000	525,000	'
Loss from operations	-495,000	-1,891,000	'
Gain on sale of rights in wireless spectrum included in loss from operations	'	150,000	5,330,000
Loss on settlement of Straight Path Spectrum legal proceedings included in loss from operations	'	-1,150,000	'
Straight Path IP Group [Member]	'	'	'
Summary of operating results for the business segments	'	'	'
Revenues	4,372,000	605,000	'
Loss from operations	-197,000	-1,724,000	'
Gain on sale of rights in wireless spectrum included in loss from operations	'	'	'
Loss on settlement of Straight Path Spectrum legal proceedings included in loss from operations	'	'	'

Business_Segment_Information_D1

Business Segment Information (Details 1) (USD $)	Jul. 31, 2014	Jul. 31, 2013
In Thousands, unless otherwise specified
Summary of total assets for the business segments	'	'
Assets	$30,439	$15,739
Straight Path Spectrum [Member]	'	'
Summary of total assets for the business segments	'	'
Assets	5,586	3,642
Straight Path IP Group [Member]	'	'
Summary of total assets for the business segments	'	'
Assets	$24,853	$12,097

Business_Segment_Information_D2

Business Segment Information (Details Textual)	12 Months Ended
	Jul. 31, 2014
	Segments
Business Segment Information (Textual)	'
Reportable Segments	2