Straight Path Communications 10-Q 10 Dec 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Oct. 31, 2014	Dec. 08, 2014	Dec. 08, 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-Q	'	'
Document Period End Date	31-Oct-14	'	'
Document Fiscal Period Focus	'Q1	'	'
Document Fiscal Year Focus	'2015	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	787,163	11,163,271

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Oct. 31, 2014	Jul. 31, 2014	Oct. 31, 2014	Jul. 31, 2014	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified			Class A common stock	Class A common stock	Class B common stock	Class B common stock
Current assets:	'	'	'	'	'	'
Cash and cash equivalents	$21,680	$21,232	'	'	'	'
Trade accounts receivable, net of allowance for doubtful accounts of $0 and $0, respectively	78	61	'	'	'	'
Prepaid expenses - related to settlements and licensing	4,620	4,999	'	'	'	'
Deferred tax assets	1,637	2,392	'	'	'	'
Other current assets	212	92	'	'	'	'
Total current assets	28,227	28,776	'	'	'	'
Prepaid expenses - related to settlements and licensing - long-term portion	'	761	'	'	'	'
Intangible assets	350	350	'	'	'	'
Deferred tax assets	417	417	'	'	'	'
Other assets	137	135	'	'	'	'
Total Assets	29,131	30,439	'	'	'	'
Current liabilities:	'	'	'	'	'	'
Trade accounts payable	276	'	'	'	'	'
Accrued expenses	1,185	1,334	'	'	'	'
Due to IDT Corporation	'	6	'	'	'	'
Deferred revenue	9,528	10,254	'	'	'	'
Income taxes payable	388	470	'	'	'	'
Total current liabilities	11,377	12,064	'	'	'	'
Deferred revenue - long-term portion	124	1,676	'	'	'	'
Total liabilities	11,501	13,740	'	'	'	'
Commitments and contingencies	'	'	'	'	'	'
Straight Path Communications Inc. stockholders' equity:	'	'	'	'	'	'
Preferred stock, $0.01 par value; 3,000 shares authorized; no shares issued and outstanding	'	'	'	'	'	'
Common stock value	'	'	8	8	112	110
Additional paid-in capital	15,274	14,886	'	'	'	'
Retained earnings	2,743	2,037	'	'	'	'
Treasury stock, 36 shares at cost	-348	'	'	'	'	'
Total Straight Path Communications Inc. stockholders' equity	17,789	17,041	'	'	'	'
Noncontrolling interests	-159	-342	'	'	'	'
Total equity	17,630	16,699	'	'	'	'
Total liabilities and equity	$29,131	$30,439	'	'	'	'

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, except Share data, unless otherwise specified
Net of allowance for doubtful accounts	$0	$0
Preferred stock, Par value	$0.01	$0.01
Preferred stock, Shares authorized	3,000,000	3,000,000
Preferred stock, Shares issued	'	'
Preferred stock, Shares outstanding	'	'
Treasury stock, Shares	36	'
Common Stock [Member] | Class A common stock	'	'
Common stock, Par value	$0.01	$0.01
Common stock, Shares authorized	2,000,000	2,000,000
Common stock, Shares issued	787,000	787,000
Common stock, Shares outstanding	787,000	787,000
Common Stock [Member] | Class B common stock	'	'
Common stock, Par value	$0.01	$0.01
Common stock, Shares authorized	40,000,000	40,000,000
Common stock, Shares issued	11,197,000	11,013,000
Common stock, Shares outstanding	11,161,000	11,013,000

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Statements of Operations [Abstract]	'	'
Revenues	$4,823	$127
Costs and expenses:	'	'
Direct cost of revenues	2,108	28
Selling, general and administrative	1,103	569
Total costs and expenses	3,211	597
Income (loss) from operations	1,612	-470
Other income:	'	'
Interest income	9	3
Other income	23	'
Income from IDT Corporation payments of liabilities	'	50
Total other income	32	53
Income (loss) before income taxes	1,644	-417
Provision for income taxes	-755	'
Net income (loss)	889	-417
Net (income) loss attributable to noncontrolling interests	-183	26
Net income (loss) attributable to Straight Path Communications Inc.	$706	($391)
Earnings (loss) per share attributable to Straight Path Communications Inc. stockholders:	'	'
Basic	$0.06	($0.04)
Diluted	$0.06	($0.04)
Weighted-average number of shares used in calculation of earnings (loss) per share:	'	'
Basic	11,398	10,508
Diluted	11,803	10,508

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]
In Thousands		Common Class A [Member]	Common Class B [Member]
Beginning balance at Aug. 01, 2014	$16,699	$8	$110	$14,886	$2,037	'	($342)
Beginning balance, Shares at Aug. 01, 2014	'	787	11,013	'	'	'	'
Common stock issued for compensation	383	'	2	381	'	'	'
Common stock issued for compensation, Shares	'	'	183	'	'	'	'
Common stock issued for exercises of stock options	7	'	'	7	'	'	'
Common stock issued for exercises of stock options, shares	'	'	1	'	'	'	'
Common stock withheld for tax purposes	-348	'	'	'	'	-348	'
Net income	889	'	'	'	706	'	183
Ending balance at Oct. 31, 2014	$17,630	$8	$112	$15,274	$2,743	($348)	($159)
Ending balance, Shares at Oct. 31, 2014	'	787	11,197	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Operating activities:	'	'
Net income (loss)	$889	($417)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Common stock issued for compensation	383	152
Stock-based compensation	'	4
Deferred tax assets	755	'
Changes in assets and liabilities:	'	'
Trade accounts receivable, net	-17	29
Prepaid expenses - settlements	1,140	'
Other current assets	-120	18
Other assets	-2	'
Trade accounts payable	276	1
Accrued expenses	-497	-20
Due to IDT Corporation	-6	159
Deferred revenue	-2,278	-18
Income taxes payable	-82	'
Net cash provided by (used in) operating activities	441	-92
Financing activities	'	'
Common stock issued for exercises of stock options	7	'
Net cash provided by financing activities	7	'
Net increase (decrease) in cash and cash equivalents	448	-92
Cash and cash equivalents at beginning of period	21,232	15,000
Cash and cash equivalents at end of period	21,680	14,908
Supplemental schedule of noncash activities	'	'
Common stock withheld for payroll tax purposes	348	'
Supplemental cash flow information	'	'
Cash paid during the period for income taxes	$82	'

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Oct. 31, 2014
Basis of Presentation and Summary of Significant Accounting Policies and Recent Pronouncements [Abstract]	'
Basis of Presentation	'
	Note 1—Basis of Presentation
	The accompanying unaudited consolidated financial statements of Straight Path Communications Inc. and its subsidiaries (“Straight Path”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended October 31, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending July 31, 2015. The balance sheet at July 31, 2014 has been derived from Straight Path’s audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, please refer to the combined and consolidated financial statements and footnotes thereto included in Straight Path’s Annual Report on Form 10-K for the fiscal year ended July 31, 2014, as filed with the U.S. Securities and Exchange Commission (the “SEC”).
	Straight Path 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. In these financial statements “the Company” refers to Straight Path, Straight Path Spectrum, and Straight Path IP Group on a consolidated basis. All material intercompany balances and transactions have been eliminated in consolidation.
	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 (“Class A common stock”) and Class B (“Class B common stock”). The Spin-Off of the Company 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. 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 approximately 787,000 shares of its 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).
	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 2015 refers to the fiscal year ending July 31, 2015).

Summary_of_Significant_Account

Summary of Significant Accounting Policies and Recent Pronouncements	3 Months Ended
	Oct. 31, 2014
Basis of Presentation and Summary of Significant Accounting Policies and Recent Pronouncements [Abstract]	'
Summary of Significant Accounting Policies and Recent Pronouncements	'
	Note 2—Summary of Significant Accounting Policies and Recent Pronouncements
	The Company’s significant accounting policies are described in Note 1 of the Notes to Combined and Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended July 31, 2014.
	In May 2014, ASU No. 2014-09, “Revenue from Contracts with Customers” was issued. The comprehensive new standard will supersede existing revenue recognition guidance and require revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the Company expects to be entitled in exchange for those goods or services. The guidance will also require that certain contract costs incurred to obtain or fulfill a contract, such as sales commissions, be capitalized as an asset and amortized as revenue is recognized. Adoption of the new rules could affect the timing of both revenue recognition and the incurrence of contract costs for certain transactions. The guidance permits two implementation approaches, one requiring retrospective application of the new standard with restatement of prior years and one requiring prospective application of the new standard with disclosure of results under old standards. As the Company qualifies as an emerging growth company, the new standard is effective for annual reporting periods beginning after December 15, 2017. Early adoption is permitted under certain circumstances. The Company is currently evaluating the impact of adoption and the implementation approach to be used.
	In June 2014, ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period” (“ASU No. 2014-12”) was issued.  ASU No. 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period is treated as a performance condition. An entity should recognize compensation cost in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. ASU 2014-12 becomes effective for interim and annual periods beginning on or after December 15, 2015. Early adoption is permitted.  The Company is currently evaluating the effects of adopting ASU 2014-12 on its consolidated financial statements but the adoption is not expected to have a significant impact on the Company’s consolidated financial statements.
	In June 2014, ASU 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU No. 2014-15”) was issued.  Before the issuance of ASU 2014-15, there was no guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. This guidance is expected to reduce the diversity in the timing and content of footnote disclosures. ASU 2014-15 requires management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards as specified in the guidance. ASU 2014-15 becomes effective for the annual period ending after December 15, 2016 and for annual and interim periods thereafter. Early adoption is permitted. The Company is currently evaluating the effects of adopting ASU 2014-15 on its consolidated financial statements but the adoption is not expected to have a significant impact on the Company’s consolidated financial statements.
	Management does not believe that any other recently issued, but not yet effective, accounting standard if currently adopted would have a material effect on the accompanying financial statements.

Equity

Equity	3 Months Ended
	Oct. 31, 2014
Equity [Abstract]	'
Equity	'
	Note 3—Equity
	Issuances of Class B Common Stock:
	Class B common stock activity for the three months ended October 31, 2014 was as follows:
	1. The Company issued 183,000 shares to officers and consultants as compensation. See Stock-Based Compensation below for a further discussion.
	2. The Company issued 1,244 shares upon the exercise of stock options and received proceeds of $7,053.
	Class B common stock activity subsequent to October 31, 2014 was as follows:
	1. The Company issued 2,924 shares upon the exercise of stock options and received proceeds of approximately $16,600.
	2. The Company cancelled 1,000 shares issued to former employees of IDT.
	Treasury Stock for Payroll Tax Withholding:
	Treasury stock consists of shares of Class B common stock that were tendered by employees of ours to satisfy the employees' tax withholding obligations in connection with the lapsing of restrictions on awards of restricted stock. Such shares were repurchased by us based on their fair market value on the trading day immediately prior to the vesting date and the proceeds utilized to pay the withholding taxes due upon such vesting event. In September 2014, 35,846 shares of Class B common stock with a value of $348,051 were withheld and are now held in treasury.
	Amendment of Stock Option and Incentive Plan (the “Plan”):
	In October 2013, the Board of Directors approved an amendment to the Plan increasing the number of shares of the Company’s Class B common stock available for grant of awards by an additional 350,000 shares. The increase is subject to stockholder approval at the Company’s next annual stockholder meeting.
	Stock-Based Compensation:
	From time to time, the Company issues Class B common stock and options to purchase Class B common stock to non-employee directors, officers, employees and other service providers. Stock-based compensation is included in selling, general and administrative expense and amounted to $383,262 and $156,294 for the three months ended October 31, 2014 and 2013, respectively. Issuances of Class B common stock included in stock-based compensation for the three months ended October 31, 2014 are as follows:
	On August 1, 2014, 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. The aggregate fair value of the grant was approximately $1,214,000 which is being charged to expense on a straight-line basis over the vesting period.
	On September 1, 2014, the Company granted Zhouyue (Jerry) Pi, it’s 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. The aggregate fair value of the grant was $573,000 which is being charged to expense on a straight-line basis over the vesting period.

Earnings_Loss_Per_Share

Earnings (Loss) Per Share	3 Months Ended
	Oct. 31, 2014
Earnings (Loss) Per Share [Abstract]	'
Earnings (Loss) Per Share	'
	Note 4—Earnings (Loss) 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 would be anti-dilutive.
		Three Months Ended
		October 31,
		2014		2013
		(in thousands)
	Basic weighted-average number of shares		11,398		10,508
	Effect of dilutive securities:
	Shares underlying stock options		10		—
	Non-vested restricted Class B common stock		395		—
	Diluted weighted-average number of shares		11,803		10,508
	The following shares were excluded from the diluted loss per share computations because their inclusion would have been anti-dilutive:
		Three Months Ended
		October 31,
		2014		2013
		(in thousands)
	Shares underlying stock options		—		32
	Non-vested restricted Class B common stock		—		1,279
	Shares excluded from the calculation of diluted loss per share		—		1,311
	For the three months ended October 31, 2013, the diluted loss per share equals basic loss per share because the Company had a net loss and the impact of the assumed exercise of stock options and assumed vesting of restricted stock would have been anti-dilutive.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Oct. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 5—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, to distribute the Company’s common stock to IDT’s stockholders and set forth certain understandings related to the Spin-Off. 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. In the three months ended October 31, 2014 and 2013, IDT paid $0 and $0.1 million, respectively, pursuant to this obligation, which was recorded as “Income from IDT Corporation payments of liabilities” in the consolidated statement of operations.
	The Company also entered into a Transition Services Agreement with IDT, pursuant to which IDT has 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 are currently being provided by other vendors, and the remaining services we are receiving from IDT are expected to substantially conclude by January 1, 2015.
	IDT charged the Company for certain transactions and allocates routine expenses based on specific items. Specifically, IDT allocated payroll, benefits, insurance, facilities and other expenses to the Company, which were included in “Selling, general and administrative expense” in the consolidated statements of operations. In addition, IDT charged the Company for regulatory fees, connectivity charges and legal expenses, which were included in “Direct cost of revenues” in the consolidated statements of operations.
	Following are the amounts that IDT charged the Company pursuant to the Transition Services Agreement or through intercompany charges for periods prior to the Spin-Off:
		Three Months Ended
		October 31,
		2014		2013
		(in thousands)
	Included in direct cost of revenues	$	—	$	28
	Included in selling, general and administrative		421		254

Concentration_of_Customers

Concentration of Customers	3 Months Ended
	Oct. 31, 2014
Concentration of Customers [Abstract]	'
Concentration of Customers	'
	Note 6—Concentration of Customers
	Straight Path Spectrum’s revenues from transactions with a single customer that amounted to 10% or more of total Straight Path Spectrum revenues were as follows:
		Three Months Ended
		October 31,
		2014		2013
		(in thousands)
	Customer 1	$	41	$	41
	Customer 2		24		31
	Customer 3		10		15
	The loss of any of these major customers may have a material adverse effect on the Company’s results of operations and cash flows.

Income_Taxes

Income Taxes	3 Months Ended
	Oct. 31, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	Note 7—Income Taxes
	The provision for income taxes for the three months ended October 31, 2014 represents the estimated accrual for Straight Path IP. There is no provision for Straight Path Spectrum as it incurred a taxable loss. There was no provision for the three months ended October 31, 2013 as both Straight Path IP and Straight Path Spectrum incurred taxable losses. In addition, there is a 100% valuation allowance against the net operating losses generated by Straight Path Spectrum at both October 31, 2014 and 2013.

Business_Segment_Information

Business Segment Information	3 Months Ended
	Oct. 31, 2014
Business Segment Information [Abstract]	'
Business Segment Information	'
	Note 8—Business Segment Information
	The Company has two reportable business segments, Straight Path Spectrum, which holds, leases and markets fixed wireless spectrum, and Straight Path IP, 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:
		Straight Path			Straight Path			Total
		Spectrum			IP
		(in thousands)
	Three Months Ended October 31, 2014
	Revenues	$	96		$	4,727		$	4,823
	Income (loss) from operations		(297	)		1,909			1,612
	Three Months Ended October 31, 2013
	Revenues	$	107		$	20		$	127
	Loss from operations		(60	)		(410	)		(470	)
	Total assets for the business segments of the Company were as follows:
		Straight Path			Straight Path			Total
		Spectrum			IP
					(in thousands)
	Total assets:
	October 31, 2014 (unaudited)	$	5,399		$	23,732		$	29,131
	31-Jul-14		5,586			24,853			30,439
	None of the Company’s revenues were generated outside of the United States for either of the three months ended October 31, 2014 and 2013. The Company did not have any assets outside the United States at October 31, 2014 or July 31, 2014.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Oct. 31, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	Note 9—Commitments and Contingencies
	Legal Proceedings
	Arbitration with the Former SPIP CEO
	On December 11, 2012, Straight Path IP Group filed a demand for arbitration seeking a declaration that the former Chief Executive Officer of Straight Path IP (the “Former SPIP CEO”) 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 sought certain declarations related to the termination of his employment, and certain payments and the vesting 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. The arbitration was held in November 2014. On December 2, 2014, the parties presented summations. Post-hearing briefs are scheduled to be submitted to the Arbitrator on December 15, 2014, and a decision is expected in January 2015.
	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.
	Inter Partes Review
	On April 11, 2013, Sipnet EU S.R.O., a Czech company, (“Petitioner”) filed a petition for an inter partes review (IPR) at the Patent Trial and Appeals Board of the United States Patent and Trademark Office (the “USPTO”) for certain claims of U.S. Patent 6,108,704 (“the ’704 Patent”). 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 on November 10, 2014, Straight Path IP Group filed a Notice of Appeal at the United States Court of Appeals for the Federal Circuit and at the USPTO (“Sipnet Appeal”). The decision of the USPTO could have a materially adverse impact on our enforcement efforts. 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. The actions we have brought against various defendants in the Eastern District of Virginia and in the Eastern District of Texas have been stayed pending the outcome of the Sipnet Appeal and the outcome of the additional IPR petitions filed by Samsung Electronics Co., Ltd., Samsung Electronics America, Inc. and Samsung Telecommunications America, LLC (collectively “Samsung”), LG Electronics, Inc., LG Electronics U.S.A., Inc., LG Electronics MobileComm U.S.A., Inc. (collectively “LG”), Toshiba Corp. (“Toshiba”), Vizio, Inc. (“Vizio”), and Hulu, LLC (“Hulu”). 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. The USPTO’s decision could lead to challenges to other claims under other of our patents, particularly if the decision withstands appeal.
	On August 1, 2014, Vonage and Netflix, Inc. (“Netflix”) filed five petitions at the USPTO for IPR of certain claims of U.S. Patent Nos. 6,108,704, 6,009,469, 6,513,066, 6,701,365, and 6,131,121. On September 19, 2014, Straight Path IP Group and Netflix jointly moved to terminate the proceedings as to Netflix. On October 22, 2014, Straight Path IP Group and Vonage Holdings Corp., Vonage America, Inc., and Vonage Marketing LLC (collectively “Vonage”) jointly moved to terminate the proceedings as to Vonage. On October 30, 2014, the USPTO terminated the proceedings.
	On August 22, 2014, Samsung filed three petitions at the USPTO for IPR of certain claims of U.S. Patent Nos. 6,108,704, 6,009,469, and 6,131,121. Straight Path IP Group filed the Patent Owner’s Preliminary Statement in each of these proceedings on December 9, 2014. On October 31, 2014, LG, Toshiba, Vizio and Hulu filed three petitions at the USPTO for IPR of certain claims of U.S. Patent Nos. 6,108,704, 6,009,469, and 6,131,121. Except for the Sipnet petition, none of these additional petitions have been granted and may not be granted by the USPTO. Straight Path IP Group intends to vigorously defend its patents during these proceedings.
	Patent Enforcement
	On August 1, 2013, Straight Path IP Group filed complaints in the United States District Court for the Eastern District of Virginia against, AmTRAN Logistics, Inc., AmTRAN Technology Co., Ltd.(collectively “AmTRAN”), LG, Sharp Corporation, Sharp Electronics Corporation (collectively “Sharp”), 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”), Panasonic Corporation, Panasonic Corporation of North America (collectively “Panasonic”), Toshiba Corporation, Toshiba America Inc., Toshiba America Information Systems, Inc. (collectively “Toshiba”) and Vizio, alleging infringement of three of its patents (U.S. Patent Nos. 6,108,704, 6,009,469, and 6,131,121), and seeking damages related to such infringement. In Fiscal 2013, the actions against Sharp, Sony, Panasonic, and AmTRAN were settled pursuant to confidential patent license and settlement agreements. The actions against the remaining defendants, LG, Toshiba, and Vizio have been consolidated. In October 2014, Hulu intervened in the action as to Hulu’s streaming functionality in the accused products. In that same month, Amazon.com, Inc. (“Amazon”) moved to intervene, sever, and stay claims related to Amazon’s streaming functionality in the accused products. On October 13, 2014, Amazon filed an action seeking declaratory relief of non-infringement of Straight Path IP Group’s U.S. Patent Nos. 6,009,469, 6,108,704, and 6,131,121 in the U.S. district court for the Northern District of California based in part on the allegations related to the actions in Virginia. On December 5, 2014, Straight Path IP Group filed a motion to dismiss Amazon’s complaint. In November 2014, Straight Path IP Group, defendants, and Hulu jointly moved to stay the consolidated action pending the completion of the defendants’ and Hulu’s IPR petitions of the asserted patents and the completion of the Sipnet Appeal. On November 4, 2014, the court granted the parties’ request and also held the briefing in the Amazon intervention in abeyance.
	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. and Blackberry Corp. (collectively “BlackBerry”), Huawei Investment & Holding Co., Ltd., Huawei Technologies Co., Ltd., Huawei Technologies USA, Inc., Huawei Devices USA, Inc., Samsung and 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) and seeking damages related to such infringement. 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. In October 2014, Straight Path IP Group and Huawei entered into a confidential settlement and patent license agreement. That same month, Straight Path IP Group and Samsung jointly filed a motion to stay the action. On October 29, 2014, the court granted the motion and stayed the action pending the outcome of the Sipnet Appeal and in the IPR petitions filed by Samsung.
	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 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 May 2, 2014, Straight Path IP Group filed a complaint against 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. The action was dismissed.
	On September 24, 2014, Straight Path IP Group filed 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 November 20, 2014, Straight Path IP Group and the defendants jointly requested the court to stay the actions pending the Sipnet Appeal. The court granted a partial stay of the action related to the ‘704 patent. The remaining claims will proceed and a case management conference is set for December 18, 2014.
	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). On November 24, 2014, Straight Path IP Group dismissed the complaint without prejudice subject to a confidential Standstill Agreement with Verizon.
	Other Commitments and Contingencies
	The Former Chief Executive Officer of Straight Path Spectrum, Inc. (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. Approximately $14,000 was incurred to the Former SPSI CEO for this obligation for the three months ended October 31, 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.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies and Recent Pronouncements (Policies)	3 Months Ended
	Oct. 31, 2014
Basis of Presentation and Summary of Significant Accounting Policies and Recent Pronouncements [Abstract]	'
Summary of Significant Accounting Policies and Recent Pronouncements	'
	The Company’s significant accounting policies are described in Note 1 of the Notes to Combined and Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended July 31, 2014.
	In May 2014, ASU No. 2014-09, “Revenue from Contracts with Customers” was issued. The comprehensive new standard will supersede existing revenue recognition guidance and require revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the Company expects to be entitled in exchange for those goods or services. The guidance will also require that certain contract costs incurred to obtain or fulfill a contract, such as sales commissions, be capitalized as an asset and amortized as revenue is recognized. Adoption of the new rules could affect the timing of both revenue recognition and the incurrence of contract costs for certain transactions. The guidance permits two implementation approaches, one requiring retrospective application of the new standard with restatement of prior years and one requiring prospective application of the new standard with disclosure of results under old standards. As the Company qualifies as an emerging growth company, the new standard is effective for annual reporting periods beginning after December 15, 2017 Early adoption is permitted under certain circumstances. The Company is currently evaluating the impact of adoption and the implementation approach to be used.
	In June 2014, ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period” (“ASU No. 2014-12”) was issued.  ASU No. 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period is treated as a performance condition. An entity should recognize compensation cost in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. ASU 2014-12 becomes effective for interim and annual periods beginning on or after December 15, 2015. Early adoption is permitted.  The Company is currently evaluating the effects of adopting ASU 2014-12 on its consolidated financial statements but the adoption is not expected to have a significant impact on the Company’s consolidated financial statements.
	In June 2014, ASU 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU No. 2014-15”) was issued.  Before the issuance of ASU 2014-15, there was no guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. This guidance is expected to reduce the diversity in the timing and content of footnote disclosures. ASU 2014-15 requires management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards as specified in the guidance. ASU 2014-15 becomes effective for the annual period ending after December 15, 2016 and for annual and interim periods thereafter. Early adoption is permitted. The Company is currently evaluating the effects of adopting ASU 2014-15 on its consolidated financial statements but the adoption is not expected to have a significant impact on the Company’s consolidated financial statements.
	Management does not believe that any other recently issued, but not yet effective, accounting standard if currently adopted would have a material effect on the accompanying financial statements.

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Oct. 31, 2014
Earnings (Loss) Per Share [Abstract]	'
Schedule of weighted-average number of shares used in the calculation of basic and diluted earnings per share	'
		Three Months Ended
		October 31,
		2014		2013
		(in thousands)
	Basic weighted-average number of shares		11,398		10,508
	Effect of dilutive securities:
	Shares underlying stock options		10		—
	Non-vested restricted Class B common stock		395		—
	Diluted weighted-average number of shares		11,803		10,508
Summary of shares excluded from the diluted earnings per share computations	'
		Three Months Ended
		October 31,
		2014		2013
		(in thousands)
	Shares underlying stock options		—		32
	Non-vested restricted Class B common stock		—		1,279
	Shares excluded from the calculation of diluted loss per share		—		1,311

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Oct. 31, 2014
Related Party Transactions [Abstract]	'
Schedule of expenses incurred on related party transactions	'
		Three Months Ended
		October 31,
		2014		2013
		(in thousands)
	Included in direct cost of revenues	$	—	$	28
	Included in selling, general and administrative		421		254

Concentration_of_Customers_Tab

Concentration of Customers (Tables)	3 Months Ended
	Oct. 31, 2014
Concentration of Customers [Abstract]	'
Scheudle of revenues from transactions with single customer	'
		Three Months Ended
		October 31,
		2014		2013
		(in thousands)
	Customer 1	$	41	$	41
	Customer 2		24		31
	Customer 3		10		15

Business_Segment_Information_T

Business Segment Information (Tables)	3 Months Ended
	Oct. 31, 2014
Business Segment Information [Abstract]	'
Summary of operating results for the business segments	'
		Straight Path			Straight Path			Total
		Spectrum			IP
		(in thousands)
	Three Months Ended October 31, 2014
	Revenues	$	96		$	4,727		$	4,823
	Income (loss) from operations		(297	)		1,909			1,612
	Three Months Ended October 31, 2013
	Revenues	$	107		$	20		$	127
	Loss from operations		(60	)		(410	)		(470	)
Summary of total assets for the business segments	'
		Straight Path			Straight Path			Total
		Spectrum			IP
					(in thousands)
	Total assets:
	October 31, 2014 (unaudited)	$	5,399		$	23,732		$	29,131
	31-Jul-14		5,586			24,853			30,439

Basis_of_Presentation_Details

Basis of Presentation (Details)	Oct. 31, 2014	Jul. 31, 2014	Jul. 31, 2013	Oct. 31, 2014	Jul. 31, 2014	Jul. 31, 2013	Oct. 31, 2014	Oct. 31, 2014	Jul. 31, 2013
In Thousands, unless otherwise specified	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Straight Path Spectrum [Member]	Straight Path IP [Member]	Idt [Member]
	Common Class A [Member]	Common Class A [Member]	Common Class A [Member]	Common Class B [Member]	Common Class B [Member]	Common Class B [Member]			Common Class B [Member]
Basis of Presentation (Textual)	'	'	'	'	'	'	'	'	'
Ownership in Straight Path Spectrum	'	'	'	'	'	'	100.00%	84.50%	'
Common stock shares distributed	787	787	787	11,197	11,013	10,700	'	'	'
Common stock, shares outstanding	787	787	'	11,161	11,013	'	'	'	21,400

Equity_Details

Equity (Details) (USD $)	3 Months Ended	1 Months Ended	3 Months Ended			1 Months Ended		3 Months Ended	1 Months Ended	3 Months Ended
	Oct. 31, 2014	Aug. 31, 2014	Oct. 31, 2014	Oct. 31, 2013	Sep. 30, 2014	Aug. 31, 2014	Aug. 31, 2014	Oct. 31, 2014	Sep. 30, 2014	Oct. 31, 2014
		Class B common stock [Member]	Class B common stock [Member]	Class B common stock [Member]	Class B common stock [Member]	Class B common stock [Member]	Class B common stock [Member]	Class B common stock [Member]	Class B common stock [Member]	Class B common stock [Member]
						Davidi Jonas [Member]	Jonathan Rand [Member]	Consultants [Member]	Zhouyue (Jerry) Pi [Member]	IDT [Member]
Equity (Textual)	'	'	'	'	'	'	'	'	'	'
Stock issued during period, Shares	'	'	'	'	'	'	'	183,000	'	'
Common stock issued for exercises of stock options, shares	'	'	'	'	'	'	'	1,244,000	'	2,924,000
Common stock issued for exercises of stock options	($7,000)	'	'	'	'	'	'	$7,053,000	'	$16,600,000
Number of shares cancelled, previously issued to former employess	'	'	'	'	'	'	'	'	'	1,000
Number of shares held in treasury stock, shares	'	'	'	'	35,846	'	'	'	'	'
Number of shares held in treasury stock, value	348,000	'	'	'	348,000	'	'	'	'	'
Additional shares issued for amendment of stock option and incentive plan	'	'	350,000	'	'	'	'	'	'	'
Stock-based compensation expense	'	'	383,262	156,294	'	'	'	'	'	'
Number of restricted shares issued, shares	'	'	'	'	'	71,000	52,000	'	60,000	'
Number of restricted shares issued, value	'	$1,214,000	'	'	'	'	'	'	$573,000	'
Description of restricted shares vesting condition	'	'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.	'

Earnings_Loss_Per_Share_Detail

Earnings (Loss) Per Share (Details)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Basic and Diluted weighted-average number of shares [Abstract]	'	'
Basic weighted-average number of shares	11,398	10,508
Effect of dilutive securities:	'	'
Shares underlying stock options	10	'
Non-vested restricted Class B common stock	395	'
Diluted weighted-average number of shares	11,803	10,508

Earnings_Loss_Per_Share_Detail1

Earnings (Loss) Per Share (Details 1)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Earnings Per Share, Diluted, Other Disclosures [Abstract]	'	'
Shares excluded from the calculation of diluted loss per share	'	1,311
Non-vested restricted Class B common stock [Member]	'	'
Earnings Per Share, Diluted, Other Disclosures [Abstract]	'	'
Shares excluded from the calculation of diluted loss per share	'	1,279
Shares underlying stock options [Member]	'	'
Earnings Per Share, Diluted, Other Disclosures [Abstract]	'	'
Shares excluded from the calculation of diluted loss per share	'	32

Related_Party_Transactions_Det

Related Party Transactions (Details) (Transition Service Agreement [Member], IDT [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Transition Service Agreement [Member] | IDT [Member]	'	'
Related Party Transaction, Due from (to) Related Party [Abstract]	'	'
Included in direct cost of revenues	'	$28
Included in selling, general and administrative	$421	$254

Related_Party_Transactions_Det1

Related Party Transactions (Details Textual) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Related Party Transactions (Textual)	'	'
Income from IDT Corporation payments of liabilities	'	$50

Concentration_of_Customers_Det

Concentration of Customers (Details) (Straight Path Spectrum [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Customer 1 [Member]	'	'
Revenue	$41	$41
Customer 2 [Member]	'	'
Revenue	24	31
Customer 3 [Member]	'	'
Revenue	$10	$15

Concentration_of_Customers_Det1

Concentration of Customers (Details Textual) (Sales Revenue Net [Member])	3 Months Ended
	Oct. 31, 2014
Sales Revenue Net [Member]	'
Product Information [Line Items]	'
Concentration risk percentage	10.00%

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended
	Oct. 31, 2014
Income Tax (Textual)	'
Deferred income tax assets valuation allowance percentage	100.00%

Business_Segment_Information_D

Business Segment Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Summary of operating results for the business segments	'	'
Revenues	$4,823	$127
Income (loss) from operations	1,612	-470
Straight Path Spectrum [Member]	'	'
Summary of operating results for the business segments	'	'
Revenues	96	107
Income (loss) from operations	-297	-60
Straight Path IP [Member]	'	'
Summary of operating results for the business segments	'	'
Revenues	4,727	20
Income (loss) from operations	$1,909	($410)

Business_Segment_Information_D1

Business Segment Information (Details 1) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified
Summary of total assets for the business segments	'	'
Total assets:	$29,131	$30,439
Straight Path Spectrum [Member]	'	'
Summary of total assets for the business segments	'	'
Total assets:	5,399	5,586
Straight Path IP [Member]	'	'
Summary of total assets for the business segments	'	'
Total assets:	$23,732	$24,853

Business_Segment_Information_D2

Business Segment Information (Details Textual)	3 Months Ended
	Oct. 31, 2014
	Segments
Business Segment Information [Abstract]	'
Reportable Segments	2

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	3 Months Ended		1 Months Ended	3 Months Ended		0 Months Ended
	Oct. 31, 2014	Oct. 31, 2014	Jun. 30, 2013	Oct. 31, 2014	Oct. 31, 2014	Mar. 15, 2013
	Maximum [Member]	Minimum [Member]	Straight Path Spectrum [Member]	Straight Path Spectrum [Member]	Straight Path IP [Member]	Straight Path IP [Member]
			Former Chief Executive Officer [Member]	Former Chief Executive Officer [Member]		Former Chief Executive Officer [Member]
Commitments and Contingencies (Textual)	'	'	'	'	'	'
Outstanding common stock of Straight Path IP Percentage	'	'	'	'	'	5.00%
Compensatory damages	'	'	'	'	'	$35,000,000
Payments to be made from revenue, percentage	'	'	50.00%	'	'	'
Amount of maximum future payment for wireless spectrum licenses	'	'	3,250,000	'	'	'
Cumulative amount paid for payment from future revenues from spectrum obligation	'	'	'	$14,000	'	'
Recoverable contingency patents allegedly infringed, percentage	40.00%	0.00%	'	'	'	'
Settlement of litigation, description	'	'	'	'	'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.	'