Straight Path Communications 10-K 14 Oct 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2015	Oct. 10, 2015	Jan. 30, 2015
Entity Registrant Name	Straight Path Communications Inc.
Entity Central Index Key	1,574,460
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Document Type	10-K
Document Period End Date	Jul. 31, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 178,946,000
Class A common stock
Entity Common Stock, Shares Outstanding		787,163
Class B common stock
Entity Common Stock, Shares Outstanding		11,325,877

Combined and Consolidated Balan

Combined and Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2015	Jul. 31, 2014
Current assets:
Cash and cash equivalents	$ 18,620	$ 21,232
Trade accounts receivable, net of allowance for doubtful accounts of $0 and $0, respectively	82	61
Prepaid expenses - related to settlements and licensing	$ 783	4,999
Deferred tax assets		2,392
Other current assets	$ 273	92
Total current assets	$ 19,758	28,776
Prepaid expenses - related to settlements and licensing - long-term portion		761
Intangible assets	$ 365	350
Deferred tax assets		417
Other assets	$ 115	135
Total assets	20,238	$ 30,439
Current liabilities:
Trade accounts payable	238
Accrued expenses	$ 828	$ 1,334
Due to IDT Corporation		6
Deferred revenue	$ 1,646	10,254
Income taxes payable	225	470
Total current liabilities	2,937	12,064
Deferred revenue - long-term portion	105	1,676
Total liabilities	$ 3,042	$ 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	$ 1,495
Additional paid-in capital	17,316	$ 14,886
Retained earnings	72	$ 2,037
Treasury stock, 42 shares at cost	(480)
Total Straight Path Communications Inc. stockholders' equity	18,524	$ 17,041
Noncontrolling interests	(1,328)	(342)
Total equity	17,196	16,699
Total liabilities and equity	20,238	30,439
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	$ 113	$ 110

Combined and Consolidated Bala3

Combined and Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jul. 31, 2015	Jul. 31, 2014
Net of allowance for doubtful accounts
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, Shares issued	60,000
Treasury stock, shares	42
Common Stock | 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 | Class B common stock
Common stock, Par value	$ 0.01	$ 0.01
Common stock, Shares authorized	40,000	40,000
Common stock, Shares issued	11,308	11,013
Common stock, Shares outstanding	11,266	11,013

Combined and Consolidated State

Combined and Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Statements of Operations [Abstract]
Revenues	$ 13,240	$ 4,796	$ 1,130
Costs and expenses:
Direct cost of revenues	6,043	2,487	630
Selling, general and administrative	6,931	3,001	3,115
Total costs and expenses	12,974	5,488	3,745
Income (loss) from operations before items listed below	$ 266	$ (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	$ 266	$ (692)	(3,615)
Other income:
Interest income	38	$ 22	$ 11
Other income	$ 334
Income from IDT Corporation payments of liabilities		$ 386
Total other income	$ 372	408	$ 11
Income (loss) before income taxes	638	(284)	(3,604)
Provision for (income taxes) income tax benefits	(2,714)	2,353	(8)
Net (loss) income	(2,076)	2,069	(3,612)
Net loss (income) attributable to noncontrolling interests	111	(32)	399
Net (loss) income attributable to Straight Path Communications Inc.	$ (1,965)	$ 2,037	$ (3,213)
Earnings (loss) per share attributable to Straight Path Communications Inc. stockholders:
Basic	$ (0.17)	$ 0.19	$ (0.31)
Diluted	$ (0.17)	$ 0.18	$ (0.31)
Weighted-average number of shares used in calculation of earnings (loss) per share:
Basic	11,457	10,667	10,504
Diluted	11,457	11,267	10,504

Combined and Consolidated Stat5

Combined and Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common StockClass A common stock	Common StockClass B common stock	Group Equity	Common Stock To Be Issued	Additional paid-in capital	Retained Earnings	Treasury Stock	Noncontrolling interests
Balance Beginning at Jul. 31, 2012	$ 1,400			$ 1,478					$ (78)
Balance Beginning, Shares at Jul. 31, 2012
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		$ 8	$ 107	(14,229)		$ 14,114
Incorporation of Company and share distribution on Spin-Off, Shares		787	10,693
Common stock repurchased for withholding tax purposes
Stock-based compensation	$ 675			572					$ 103
Net loss	(3,612)			$ (3,213)					(399)
Balance at Jul. 31, 2013	13,855	$ 8	$ 107			$ 14,114			$ (374)
Balance, Shares at Jul. 31, 2013		787	10,693
Common stock issued for compensation	746		$ 3			743
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 exercises of deferred stock units
Common stock issued for exercises of 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)
Common stock repurchased for withholding tax purposes
Stock-based compensation	$ 12					$ 12
Net loss	2,069						$ 2,037		$ 32
Balance at Jul. 31, 2014	16,699	$ 8	$ 110			$ 14,886	$ 2,037		$ (342)
Balance, Shares at Jul. 31, 2014		787	11,013
Common stock issued or to be issued for compensation	3,347		$ 3		$ 1,495	1,849
Common stock issued or to be issued for compensation, Shares			265
Common stock issued for exercises of stock options	$ 68					$ 68
Common stock issued for exercises of stock options, Shares			12
Common stock issued for exercises of deferred stock units
Common stock issued for exercises of deferred stock units, Shares			20
Reversal of prior period related party payables	$ 513					$ 513
Common stock repurchased for withholding tax purposes	(545)							$ (545)
Sale of treasury stock	$ 65							$ 65
Forfeiture of unvested shares
Forfeiture of unvested shares, Shares			(2)
Net loss	$ (2,076)						$ (1,965)		$ (111)
Dividends	(875)								(875)
Balance at Jul. 31, 2015	$ 17,196	$ 8	$ 113		$ 1,495	$ 17,316	$ 72	$ (480)	$ (1,328)
Balance, Shares at Jul. 31, 2015		787	11,308

Combined and Consolidated Stat6

Combined and Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Operating activities:
Net (loss) income	$ (2,076)	$ 2,069	$ (3,612)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Common stock issued or to be issued for compensation	3,347	$ 746
Gain from sale of patent	(35)
Stock-based compensation		$ 12	$ 675
Deferred income taxes	2,809	(2,809)
Changes in assets and liabilities:
Trade accounts receivable, net	(21)	(1)	$ (23)
Prepaid expenses - related to settlements and licensing	4,977	(5,760)
Other current assets	(181)	(2)	$ (149)
Other assets	20	104
Trade accounts payable	238	(1)
Accrued expenses	(538)	(139)	$ 305
Due to IDT Corporation	(6)	6
Deferred revenue	(10,179)	11,535	$ 172
Income taxes payable	(245)	455	(5)
Net cash (used in) provided by operating activities	(1,890)	$ 6,215	(2,637)
Investing activities:
Purchase of intangibles	(15)		$ (350)
Proceeds from sale of patent	35
Net cash provided by (used in) investing activities	20		$ (350)
Financing activities:
Sale of treasury stock	65
Common stock issued upon exercise of stock options	68	$ 17
Dividends paid to stockholders of noncontrolling interests	$ (875)
Funding provided by IDT Corporation, net of repayments			$ 15,389
Net cash (used in) provided by financing activities	$ (742)	$ 17	15,389
Net (decrease) increase in cash and cash equivalents	(2,612)	6,232	12,402
Cash and cash equivalents at beginning of year	21,232	15,000	2,598
Cash and cash equivalents at end of year	18,620	$ 21,232	$ 15,000
Supplemental schedule of noncash activities
Common stock repurchased for withholding tax purposes	545
Reversal of prior period related party payables	513
Supplemental cash flow information
Cash paid during the year for income taxes	$ 119

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2015
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 an indirect 100% ownership of Straight Path Spectrum, Inc. (“Straight Path Spectrum”) and an indirect 84.5% ownership of Straight Path IP Group, Inc. (“Straight Path IP Group”). 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). 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 852868 Sweden 852868 Italy NI-096566 Taiwan These patents are Straight Path IP Group’s core assets. The patents had finite lives and have begun to expire on September 25, 2015. One patent in the NetSpeak Portfolio, U.S. Patent No. 6,178,453 will expire on April 4, 2017. Straight Path IP Group may continue to enforce the patents for patent infringement that occurred before expiration, although we do not anticipate filing additional actions. 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. Droplet Portfolio: The Droplet patent portfolio includes United States Patents Nos. 6,847,317; 7,844,122; 7,525,463; 8,279,098; 7,436,329; 7,679,649, 8,947,271, 8,896,717, 8,849,964, 8,896,652 and a number of U.S. and foreign patent applications. 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. 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 were 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. 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 five 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 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 primarily 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, 2015 and 2014. Income Taxes Because of the way it is structured, Straight Path and its subsidiaries file the following income tax returns. Straight Path Spectrum files its own tax returns. The operations of Straight Path IP Group are included in the consolidated tax return of Straight Path. 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 per share is computed by dividing net income 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, 2015 2014 2013 (in thousands) Basic weighted-average number of shares 11,457 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 11,457 11,267 10,504 The following shares were excluded from the diluted earnings (loss) per share computations because their inclusion would have been anti-dilutive: Years Ended July 31, 2015 2014 2013 (in thousands) Stock options 4 - - Non-vested restricted Class B common stock 331 - - Shares excluded from the calculations of diluted earnings (loss) per share 335 - - For the year ended July 31, 2015, 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. 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 beginning of year Additions charged to costs and expenses Deductions Balance at end of year 2015 Reserves deducted from accounts receivable: Allowance for doubtful accounts $ — $ — $ — $ — 2014 Reserves deducted from accounts receivable: Allowance for doubtful accounts $ 4 $ — $ (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, ASU No. 2014-09, “ Revenue from Contracts with Customers ASU 2014-09 was scheduled to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. In August 2015, the FASB issued ASU 2015-14, " Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date 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 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 In January 2015, the FASB issued ASU 2015-01, “ Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items In February 2015, the FASB issued ASU NO. 2015-02, “ Consolidation (Topic 810): Amendments to the Consolidation Analysis In April 2015, the FASB issued ASU 2015-03, “ Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs 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 Subsequent Events Management has evaluated subsequent events through the date of this filing.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jul. 31, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 2—Fair Value Measurements At July 31, 2015 and 2014, the Company did not have any assets or liabilities measured at fair value on a recurring basis. At July 31, 2015 and 2014, the carrying amounts of the financial instruments included in cash and cash equivalents, trade accounts payable, other current assets, trade accounts payable, 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, 2015
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. Straight Path Spectrum files its own tax returns. There is no provision for Straight Path Spectrum for the years ended July 31, 2015 and 2014 as it incurred a taxable loss in both years. In addition, there is a 100% valuation allowance against the net operating losses generated by Straight Path Spectrum at both July 31, 2015 and 2014. The operations of Straight Path IP Group are included in the consolidated tax return of Straight Path. There is no provision of current taxes for Straight Path for the year ended July 31, 2015. In both fiscal 2015 and 2014, capital contributions were made to a wholly-owned limited liability company which allowed Straight Path to utilize certain suspended losses. The Company estimated that such suspended losses made available by the capital contributions would fully offset taxable income generated by Straight Path IP Group for the respective fiscal years. The remaining suspended losses can only be utilized by Straight Path if additional capital contributions are made. In addition, there is a 100% valuation allowance against the net deferred tax assets related to Straight Path Spectrum at July 31, 2015 (see discussion below). The (provision for) benefit from income taxes consists of the following: Year ended July 31 (in thousands) 2015 2014 2013 Current: Federal $ — $ 21 $ 560 State and local (34 ) 6 113 (34 ) 27 673 Deferred: Federal (2,211 ) 1,925 (560 ) State and local (469 ) 401 (121 ) (2,680 ) 2,326 (681 ) (PROVISION FOR) BENEFIT FROM INCOME TAXES $ (2,714 ) $ 2,353 $ (8 ) Significant components of the Company’s deferred income tax assets consist of the following: July 31 (in thousands) 2015 2014 Deferred income tax assets: Current: Accrued expenses $ 314 $ 333 Stock based compensation (329 ) 51 Deferred revenue on litigation settlements 313 2,079 Valuation allowance (298 ) (71 ) TOTAL CURRENT DEFERRED INCOME TAX ASSETS $ — $ 2,392 Non-Current: Deferred revenue on litigation settlements $ — $ 313 Stock based compensation — 104 Net operating loss carryforward 53,383 50,120 Valuation allowance (53,383 ) (50,120 ) 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. Straight Path Ventures, LLC (f/k/a Winstar Holdings, LLC) (“Ventures”) is a wholly-owned affiliate treated as a partnership for Federal income tax purposes. Ventures 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 2015, approximately $3.0 million of suspended losses became available to offset taxable income but the Company did not recognize a benefit due to taxable losses incurred. 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 (in thousands) 2015 2014 2013 Federal income tax at statutory rate $ (262 ) $ 99 $ (1,445 ) Permanent differences 1,048 — — Valuation allowance (3,500 ) 2,250 1,445 State and local income tax, net of federal benefit — 4 (8 ) PROVISION FOR (INCOME TAXES) INCOME TAX BENEFITS $ (2,714 ) $ 2,353 $ (8 ) At July 31, 2015, the Company had net operating loss carryforwards of approximately $134 million. These net operating losses are split $127 million from Straight Path Spectrum and $7 million from Straight Path IP Group (Straight Path). These carryforward losses are available to offset future taxable income. The net operating loss carryforwards will start to expire in fiscal 2022, with fiscal 2015’s loss expiring in fiscal 2035. Year ended July 31 (in thousands) Balance at beginning of year Additions charged to costs and expenses Deductions Balance at end of year 2015 Reserves deducted from deferred income taxes, net: Valuation allowance $ 50,191 $ 3,500 $ (10 ) $ 53,681 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, 2015 or 2014. 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 2012 and fiscal 2013, and state and local tax returns generally for fiscal 2012 through fiscal 2013. The Company’s various federal, state and local tax returns for fiscal 2015 and 2014 remain subject to examination.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Jul. 31, 2015
Accrued Expenses [Abstract]
Accrued Expenses	Note 4— Accrued Expenses Accrued expenses consist of the following: July 31 (in thousands) 2015 2014 Accrued compensation $ 174 $ 577 Accrued professional fees 641 566 Accrued taxes - 124 Other 13 67 TOTAL ACCRUED EXPENSES $ 828 $ 1,334

Equity

Equity	12 Months Ended
	Jul. 31, 2015
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. Class B common stock activity for fiscal 2015 was as follows: 1. The Company issued 264,500 shares to directors and officers as compensation. See Note 6 for a further discussion 2. The Company issued 12,053 shares upon the exercise of stock options and received proceeds of $68,341. 3. The Company issued 20,300 shares for the exercise of deferred stock units. 4. 2,200 restricted shares issued to former employees of IDT were forfeited in accordance with the terms of the grant. Class B common stock activity subsequent to July 31, 2015 was as follows: 1. On August 7, 2015, the Company issued 60,000 shares of its Class B common stock to Davidi Jonas ("Jonas"), the Company’s Chief Executive Officer and President, as compensation. See Note 6 for a further discussion. 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. Dividends: In April 2015, Straight Path IP Group declared a dividend totaling $5,647,342. Straight Path IP Group paid $875,338 to its minority stockholders and such dividends were charged to noncontrolling interests. The dividend to Straight Path of $4,772,004 was not paid as of the filing of this report but eliminates in consolidation The Company does not anticipate paying any additional 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. 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. The fair market value of the shares tendered was based 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 repurchased. In April 2015, 9,982 shares of Class B common stock with a value of $197,344 were repurchased. On January 16, 2015, the Company sold 4,105 shares of treasury stock to one of its officers at market price and received proceeds of $65,003. At July 31, 2015, there were 41,723 shares of treasury stock at a value of $480,392.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Jul. 31, 2015
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 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 was approved by the stockholders on January 12, 2015 at the Company’s annual stockholder meeting. 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 2015 and Fiscal 2014. There was no activity in Fiscal 2013. Stock Weighted- Weighted- Aggregate Outstanding as of August 1, 2012 and 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 Granted — $ — Exercised (12,053 ) $ 5.67 Cancelled/Forfeited (472 ) $ 5.67 Outstanding as of July 31, 2015 14,023 $ 5.67 5.4 $ 251 Vested and expected to vest as of July 31, 2015 14,023 $ 5.67 5.4 $ 251 Exercisable as of July 31, 2015 6,923 $ 5.67 4.5 $ 124 The total intrinsic value of options exercised during fiscal 2015 was $186,976. The aggregate intrinsic value in the table above represents the total intrinsic value, based on the Company’s closing stock price of $23.57 as of July 31, 2015 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, 2015. 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 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 vested 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 Jonas 229,608 restricted shares of Class B Common Stock, and Jonathan Rand ("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 approximately $1,519,000 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 30, 2014, the Company granted Jonas 71,000 restricted shares of Class B common stock and Rand 52,000 restricted shares of Class B common stock. One-third of both grants of restricted shares vested on March 30, 2015 and the remaining vest as to approximately one-third of the granted shares on each of February 1, 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 July 31, 2014, the Company granted a consultant 5,500 restricted shares of its Class B common stock. These restricted shares vested 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 $91,000, which was charged to expense on a straight-line basis over the vesting period. On September 1, 2014, the Company granted Zhouyue (Jerry) Pi (“Pi”), its Chief Technology Officer, 60,000 restricted shares of Class B common stock. These restricted shares vest as to one-third of the granted shares on each of October 16, 2015, September 1, 2016 and September 1, 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. On January 5, 2015, the Company granted three of its directors an aggregate of 24,000 restricted shares of Class B common stock. These grants are the annual grants to non-employee directors provided for in the Plan. The shares vested immediately. The aggregate fair value of the grant was approximately $438,000. On July 23, 2015, the Company granted Pi 30,000 restricted shares of Class B common stock. These restricted shares vest as to one-third of the granted shares on each of October 16, 2016, 2017 and 2018. The aggregate fair value of the grant was $914,400 which is being charged to expense on a straight-line basis over the vesting period. On July 23, 2015, the Company granted two employees a total of 22,500 restricted shares of Class B common stock. These restricted shares vest as to one-third of the granted shares on each of October 16, 2015, 2016 and 2017. The aggregate fair value of the grant was $685,800 which is being charged to expense on a straight-line basis over the vesting period. On July 23, 2015, the Company granted one employee a total of 5,000 restricted shares of Class B common stock. These restricted shares vest as to one-half of the granted shares on each of October 16, 2016 and 2017. The aggregate fair value of the grant was $152,400 which is being charged to expense on a straight-line basis over the vesting period. On July 23, 2015, the Compensation Committee of the Board approved the issuance to Jonas of 60,000 shares of Class B common stock for services performed for the entire fiscal year of 2015, ending July 31, 2015, subject to ratification by the CFO Jonathan Rand. The shares were to vest immediately upon ratification. The aggregate fair value of the issuance was $1,494,900 and was charged as stock compensation in fiscal 2015. The shares were issued on August 7, 2015. As of July 31, 2015, such shares were classified as common stock to be issued. Stock-based compensation is included in selling, general and administrative expense and amounted to $3,346,977 and $758,343 for the years ended July 31, 2015 and 2014, respectively. As of July 31, 2015, there were 386,560 restricted shares of Class B common stock that had not vested. As of July 31, 2015, there was approximately $3.3 million of total unrecognized compensation cost related to non-vested restricted shares. The Company expects to recognize the unrecognized compensation cost as follows: Fiscal 2016 - $1.81 million, Fiscal 2017 - $985,000, Fiscal 2018 - $400,000 and Fiscal 2019 - $64,000.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jul. 31, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 7—Commitments and Contingencies Legal Proceedings Sipnet Appeal On April 11, 2013, Sipnet EU S.R.O., a Czech company, (“Petitioner”) filed a petition for an inter partes The decision of the PTAB has had a materially adverse impact on our enforcement efforts. During the pendency of the Sipnet Appeal and outstanding IPRs, all litigation related to the relevant patents that was brought by us as plaintiff has been stayed or dismissed without prejudice, and therefore, we are not currently moving forward with actions against Samsung Electronics Co. Ltd., Samsung Electronics America, Inc., Samsung Telecommunications America, L.L.C. (collectively, “Samsung”), LG Electronics, Inc., LG Electronics, U.S.A., Inc., LG Electronics MobileComm U.S.A., Inc. (collectively “LG”), Toshiba Corporation, Toshiba America Inc., Toshiba America Information Systems, Inc. (collectively “Toshiba”), Vizio, Inc. (“Vizio”), Apple, Inc. (“Apple”), Avaya, Inc. (“Avaya”), Cisco Systems, Inc. (“Cisco”), or Verizon Services Corp. and Verizon Business Network Services Inc. (collectively “Verizon”). 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 PTAB’s decision could lead to challenges to other claims of our patents, particularly if the decision withstands appeal. Additional IPRs On August 22, 2014, Samsung filed three petitions with the PTAB 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 March 6, 2015, the PTAB instituted the requested IPR of these claims based on Samsung’s petitions, citing certain findings in the Sipnet decision. On June 8, 2015, Straight Path IP Group filed its Patent Owner’s Response to the institution. On June 15, 2015, Cisco Systems, Inc. and Avaya Inc. joined this instituted IPR. On October 31, 2014, LG, Toshiba, Vizio and Hulu, LLC (“Hulu”) filed three petitions with the PTAB 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 Statements for U.S. Patent No. 6,131,121 on February 18, 2015 and U.S. Patent Nos. 6,108,704 and 6,009,469 on February 20, 2015. On May 15, 2015, the PTAB instituted the requested IPR of these claims based on these petitions, citing certain findings in the Sipnet decision. On June 15, 2015, Cisco Systems, Inc. and Avaya Inc. filed three related petitions and requested to join the instituted IPRs. Also, on June 15, 2015, Verizon Services Corp. and Verizon Business Network Services Inc. filed related petitions on the ’704 and ’121 patents and requested to join the instituted IPRs. The PTAB has not yet ruled on these pending motions for joinder. On September 28, 2015, Cisco, Avaya and Verizon filed a petition for an IPR petition with the PTAB for all claims of U.S. Patent No. 6,701,365. Straight Path IP Group’s Preliminary Response is due in January 2016. This petition has not been granted at this time. 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 LG, 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. The actions against LG, Toshiba, and Vizio have been consolidated (“consolidated action”). 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 (“Amazon action”). On December 5, 2014, Straight Path IP Group filed a motion to dismiss Amazon’s complaint, or in the alternative, to transfer venue to Virginia. On May 28, 2015, the California court transferred the matter to Virginia, where we expect that it will be consolidated and stayed with the other actions. 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. The Amazon action has been stayed but not yet consolidated with the other matters pending in Virginia. On August 23, 2013, Straight Path IP Group filed a complaint in the United States District Court for the Eastern District of Texas against Samsung 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 September 2014, 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 the IPR petitions filed by Samsung. On September 24, 2014, Straight Path IP Group filed complaints against each of Apple, Avaya, and 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 December 24, 2014, Straight Path IP Group dismissed the complaints against Avaya and Cisco without prejudice. On January 5, 2015, Straight Path IP Group dismissed the complaint against Apple without prejudice. On September 26, 2014, Straight Path IP Group filed a complaint against 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. 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 February 26, 2015, the Arbitrator issued his Final Award. The Arbitrator concluded that the Former SPIP CEO is not entitled to any further compensation and does not have any entitlement to equity interests in Straight Path IP Group. On May 27, 2015, the Former SPIP CEO filed a petition in the Supreme Court of the State of New York, County of New York to vacate the arbitration award and requesting damages for $3.5 million. The petition was removed to the United States District Court, Southern District of New York. The Petitioner amended the petition to vacate in September 2015. We opposed the amended petition to vacate in October 2015 and are awaiting the court’s decision. Under the terms of the Separation Agreement between the Company and IDT 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 SPIPG CEO. 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. Lease Commitments The Company operated under a lease agreement for its corporate headquarters in Glen Allen, 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 May 2015, the Company extended the lease for its headquarters in Glen Allen, Virginia from May 31, 2015 to May 31, 2017. The annual rent will be approximately $7,200 per year. In October 2014, the Company entered into a lease agreement for a satellite office in Englewood Cliffs, New Jersey for three years commencing on November 1, 2014 and ending on October 31, 2017 at a monthly rent of $3,100. In March 2015, the term of the lease was extended to April 30, 2018. Effective August 1, 2013, the Company began leasing space on a roof for some of its telecom equipment as part of its Spectrum operations. The monthly rental was $120 through March 2014 and $600 thereafter and continues on a month-to-month basis until terminated by either party with 30 days' notice. Rental expense under the operating leases was $40,685 and $25,785 in fiscal 2015 and fiscal 2014, respectively. Future minimum rental commitments of non-cancelable operating leases are as follows as of July 31, 2015: Years ending July 31, 2016 $ 44,307 2017 44,342 2018 34,000 $ 122,649 FCC License Renewal As of October 24, 2013, Straight Path Spectrum has eight hundred twenty eight (828) 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 Chief Executive Officer of Straight Path Spectrum (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 $8,000 was incurred to the Former SPSI CEO for this obligation for fiscal 2015 and approximately $35,000 for 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, 2015
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, 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. 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 year ended July 31, 2014, IDT paid approximately $386,000 pursuant to this obligation, which was recorded as “Income from IDT Corporation payments of liabilities” in the consolidated statement of operations. No payments were received in fiscal 2015. At the Spin-Off, the Company entered into a Transition Services Agreement (“TSA”) 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. As of January 1, 2015, all of these services are being provided by other vendors. The Company and IDT have extended the TSA until July 31, 2015 enabling the Company to seek input from IDT on an ad hoc basis if the Company deems necessary. IDT charged the Company for certain transactions and allocates routine expenses based on specific items prior to January 1, 2015. 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. In July 2015, legal expenses totaling $513,481 that were paid by IDT on behalf of the Company were forgiven. The Company recognized the transaction as an increase of additional paid-in capital. Following are the amounts that IDT charged the Company pursuant to the TSA or through intercompany charges for periods prior to the Spin-Off: Year ended July 31 (in thousands) 2015 2014 Balance at beginning of year $ 6 $ — Payments by IDT on behalf of the Company 464 940 Deferred taxes offset against IDT net operating losses — — Cash repayments, net of advances (470 ) (934 ) Amount due to IDT contributed to equity — — Balance at end of year $ — $ 6 Average balance during the year $ 56 $ 111

Revenues in Wireless Spectrum

Revenues in Wireless Spectrum	12 Months Ended
	Jul. 31, 2015
Revenues In Wireless Spectrum [Abstract]
Revenues in Wireless Spectrum	Note 9—Revenues in Wireless Spectrum Revenues In fiscal 2015, 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 (in thousands) 2015 2014 2013 Customer 1 $ 165 $ 165 $ 165 Customer 2 87 114 134 Customer 3 70 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 $12,814,000 in fiscal 2015 and $4,372,000 in fiscal 2014. The total settlement amounts aggregated $18.3 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.

Business Segment Information

Business Segment Information	12 Months Ended
	Jul. 31, 2015
Business Segment Information [Abstract]
Business Segment Information	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 Year ended July 31, 2015 Revenues $ 426 $ 12,814 $ 13,240 Income (loss) from operations (1,641 ) 1,907 266 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 Total assets: July 31, 2015 $ 5,637 $ 14,601 $ 20,238 July 31, 2014 $ 5,586 $ 24,853 $ 30,439 None of the Company’s revenues were generated outside of the United States in fiscal 2015, fiscal 2014 or fiscal 2013. The Company did not have any assets outside the United States at July 31, 2015 or 2014.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Jul. 31, 2015
Quarterly Financial Data (Unaudited) [Abstract]
Quarterly Financial Data (Unaudited)	Note 11—Quarterly Financial Data (Unaudited) The data below for each of the quarterly periods in the years July 31, 2015 and 2014 is unaudited. All amounts are in thousands except per share amounts. Year Ended July 31, 2015 July 31, April 30, January 31, 2015 October 31, 2014 Total Revenues $ 2,769 $ 2,867 $ 2,781 $ 4,823 $ 13,240 Direct cost of revenues 1,282 1,315 1,338 2,108 6,043 Selling, general and administrative 2,870 1,353 1,605 1,103 6,931 Other income 322 9 9 32 372 Provision for (income taxes) income tax benefits (2,660 ) 801 (100 ) (755 ) (2,714 ) Net (loss) income (3,721 ) 1,009 (253 ) 889 (2,076 ) Net loss (income) attributable to noncontrolling interests 529 (211 ) (24 ) (183 ) 111 Net (loss) income attributable to SPCI (3,192 ) 798 (277 ) 706 (1,965 ) Income (loss) per share - basic $ (0.28 ) $ 0.07 $ (0.02 ) $ 0.06 $ (0.17 ) Income (loss) per share - diluted $ (0.28 ) $ 0.07 $ (0.02 ) $ 0.06 $ (0.17 ) Year Ended July 31, 2014 July 31, April 30, January 31, 2014 October 31, 2013 Total Revenues $ 3,303 $ 913 $ 453 $ 127 $ 4,796 Direct cost of revenues 1,751 425 283 28 2,487 Selling, general and administrative 725 665 1,042 569 3,001 Other income 13 338 4 53 408 Provision for income tax benefits (income taxes) 2,393 (40 ) - - 2,353 Net income (loss) 3,233 121 (868 ) (417 ) 2,069 Net (income) loss attributable to noncontrolling interests (195 ) (4 ) 141 26 (32 ) Net income (loss) attributable to SPCI 3,038 117 (727 ) (391 ) 2,037 Income (loss) per share - basic $ 0.28 $ 0.01 $ (0.07 ) $ (0.04 ) $ 0.19 Income (loss) per share - diluted $ 0.27 $ 0.01 $ (0.07 ) $ (0.04 ) $ 0.18

Subsequent Events

Subsequent Events	12 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 12—Subsequent Events In September 2015, the Company signed a development agreement with CBNL to accelerate the introduction of a PMP radio utilizing the 39 GHz band with all appropriate software as described in the agreement for $1,000,000. The agreement provides for several milestones for which the Company can receive refunds of the fee paid. The agreement enables the Company to purchase at least 300 of the 39 GHz radios at favorable terms, once they are commercially available.

Description of Business and S19

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2015
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. 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 were 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.
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 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 primarily 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, 2015 and 2014.
Income Taxes	Income Taxes Because of the way it is structured, Straight Path and its subsidiaries file the following income tax returns. Straight Path Spectrum files its own tax returns. The operations of Straight Path IP Group are included in the consolidated tax return of Straight Path. 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 per share is computed by dividing net income 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, 2015 2014 2013 (in thousands) Basic weighted-average number of shares 11,457 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 11,457 11,267 10,504 The following shares were excluded from the diluted earnings (loss) per share computations because their inclusion would have been anti-dilutive: Years Ended July 31, 2015 2014 2013 (in thousands) Stock options 4 - - Non-vested restricted Class B common stock 331 - - Shares excluded from the calculations of diluted earnings (loss) per share 335 - - For the year ended July 31, 2015, 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. 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 (in thousands) Balance at beginning of year Additions charged to costs and expenses Deductions Balance at end of year 2015 Reserves deducted from accounts receivable: Allowance for doubtful accounts $ — $ — $ — $ — 2014 Reserves deducted from accounts receivable: Allowance for doubtful accounts $ 4 $ — $ (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, ASU No. 2014-09, “ Revenue from Contracts with Customers ASU 2014-09 was scheduled to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. In August 2015, the FASB issued ASU 2015-14, " Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date 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 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 In January 2015, the FASB issued ASU 2015-01, “ Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items In February 2015, the FASB issued ASU NO. 2015-02, “ Consolidation (Topic 810): Amendments to the Consolidation Analysis In April 2015, the FASB issued ASU 2015-03, “ Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs 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
Subsequent Events	Subsequent Events Management has evaluated subsequent events through the date of this filing.

Description of Business and S20

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jul. 31, 2015
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, 2015 2014 2013 (in thousands) Basic weighted-average number of shares 11,457 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 11,457 11,267 10,504
Summary of shares excluded from the diluted earnings per share computations	Years Ended July 31, 2015 2014 2013 (in thousands) Stock options 4 - - Non-vested restricted Class B common stock 331 - - Shares excluded from the calculations of diluted earnings (loss) per share 335 - -
Schedule of change in the allowance for doubtful accounts	Year ended July 31 (in thousands) Balance at beginning of year Additions charged to costs and expenses Deductions Balance at end of year 2015 Reserves deducted from accounts receivable: Allowance for doubtful accounts $ — $ — $ — $ — 2014 Reserves deducted from accounts receivable: Allowance for doubtful accounts $ 4 $ — $ (4 ) $ —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 31, 2015
Income Taxes [Abstract]
Summary of (provision for) benefit from income taxes	Year ended July 31 (in thousands) 2015 2014 2013 Current: Federal $ — $ 21 $ 560 State and local (34 ) 6 113 (34 ) 27 673 Deferred: Federal (2,211 ) 1,925 (560 ) State and local (469 ) 401 (121 ) (2,680 ) 2,326 (681 ) (PROVISION FOR) BENEFIT FROM INCOME TAXES $ (2,714 ) $ 2,353 $ (8 )
Summary of deferred income tax assets	July 31 (in thousands) 2015 2014 Deferred income tax assets: Current: Accrued expenses $ 314 $ 333 Stock based compensation (329 ) 51 Deferred revenue on litigation settlements 313 2,079 Valuation allowance (298 ) (71 ) TOTAL CURRENT DEFERRED INCOME TAX ASSETS $ — $ 2,392 Non-Current: Deferred revenue on litigation settlements $ — $ 313 Stock based compensation — 104 Net operating loss carryforward 53,383 50,120 Valuation allowance (53,383 ) (50,120 ) TOTAL NON-CURRENT DEFERRED INCOME TAX ASSETS $ — $ 417
Schedule of differences between income taxes expected at the federal statutory income tax rate and income taxes	Year ended July 31 (in thousands) 2015 2014 2013 Federal income tax at statutory rate $ (262 ) $ 99 $ (1,445 ) Permanent differences 1,048 — — Valuation allowance (3,500 ) 2,250 1,445 State and local income tax, net of federal benefit — 4 (8 ) PROVISION FOR (INCOME TAXES) INCOME TAX BENEFITS $ (2,714 ) $ 2,353 $ (8 )
Schedule of change in the valuation allowance for deferred income taxes	Year ended July 31 (in thousands) Balance at beginning of year Additions charged to costs and expenses Deductions Balance at end of year 2015 Reserves deducted from deferred income taxes, net: Valuation allowance $ 50,191 $ 3,500 $ (10 ) $ 53,681 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, 2015
Accrued Expenses [Abstract]
Summary of accrued expenses	July 31 (in thousands) 2015 2014 Accrued compensation $ 174 $ 577 Accrued professional fees 641 566 Accrued taxes - 124 Other 13 67 TOTAL ACCRUED EXPENSES $ 828 $ 1,334

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Jul. 31, 2015
Stock-Based Compensation [Abstract]
Schedule of share based compensation stock option activity	Stock Weighted- Weighted- Aggregate Outstanding as of August 1, 2012 and 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 Granted — $ — Exercised (12,053 ) $ 5.67 Cancelled/Forfeited (472 ) $ 5.67 Outstanding as of July 31, 2015 14,023 $ 5.67 5.4 $ 251 Vested and expected to vest as of July 31, 2015 14,023 $ 5.67 5.4 $ 251 Exercisable as of July 31, 2015 6,923 $ 5.67 4.5 $ 124

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jul. 31, 2015
Commitments and Contingencies [Abstract]
Schedule of future minimum rental commitments of non-cancelable operating leases	Years ending July 31, 2016 $ 44,307 2017 44,342 2018 34,000 $ 122,649

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Jul. 31, 2015
Related Party Transactions [Abstract]
Schedule of change in liability to related party	Year ended July 31 (in thousands) 2015 2014 Balance at beginning of year $ 6 $ — Payments by IDT on behalf of the Company 464 940 Deferred taxes offset against IDT net operating losses — — Cash repayments, net of advances (470 ) (934 ) Amount due to IDT contributed to equity — — Balance at end of year $ — $ 6 Average balance during the year $ 56 $ 111

Revenues in Wireless Spectrum (

Revenues in Wireless Spectrum (Tables)	12 Months Ended
	Jul. 31, 2015
Revenues In Wireless Spectrum [Abstract]
Summary of revenues	Year ended July 31 (in thousands) 2015 2014 2013 Customer 1 $ 165 $ 165 $ 165 Customer 2 87 114 134 Customer 3 70 53 -

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Jul. 31, 2015
Business Segment Information [Abstract]
Summary of operating results for the business segments	(in thousands) Straight Path Spectrum Straight Total Year ended July 31, 2015 Revenues $ 426 $ 12,814 $ 13,240 Income (loss) from operations (1,641 ) 1,907 266 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 Total assets: July 31, 2015 $ 5,637 $ 14,601 $ 20,238 July 31, 2014 $ 5,586 $ 24,853 $ 30,439

Quarterly Financial Data (Una28

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Jul. 31, 2015
Quarterly Financial Data (Unaudited) [Abstract]
Schedule of quarterly financial data	Year Ended July 31, 2015 July 31, April 30, January 31, 2015 October 31, 2014 Total Revenues $ 2,769 $ 2,867 $ 2,781 $ 4,823 $ 13,240 Direct cost of revenues 1,282 1,315 1,338 2,108 6,043 Selling, general and administrative 2,870 1,353 1,605 1,103 6,931 Other income 322 9 9 32 372 Provision for (income taxes) income tax benefits (2,660 ) 801 (100 ) (755 ) (2,714 ) Net (loss) income (3,721 ) 1,009 (253 ) 889 (2,076 ) Net loss (income) attributable to noncontrolling interests 529 (211 ) (24 ) (183 ) 111 Net (loss) income attributable to SPCI (3,192 ) 798 (277 ) 706 (1,965 ) Income (loss) per share - basic $ (0.28 ) $ 0.07 $ (0.02 ) $ 0.06 $ (0.17 ) Income (loss) per share - diluted $ (0.28 ) $ 0.07 $ (0.02 ) $ 0.06 $ (0.17 ) Year Ended July 31, 2014 July 31, April 30, January 31, 2014 October 31, 2013 Total Revenues $ 3,303 $ 913 $ 453 $ 127 $ 4,796 Direct cost of revenues 1,751 425 283 28 2,487 Selling, general and administrative 725 665 1,042 569 3,001 Other income 13 338 4 53 408 Provision for income tax benefits (income taxes) 2,393 (40 ) - - 2,353 Net income (loss) 3,233 121 (868 ) (417 ) 2,069 Net (income) loss attributable to noncontrolling interests (195 ) (4 ) 141 26 (32 ) Net income (loss) attributable to SPCI 3,038 117 (727 ) (391 ) 2,037 Income (loss) per share - basic $ 0.28 $ 0.01 $ (0.07 ) $ (0.04 ) $ 0.19 Income (loss) per share - diluted $ 0.27 $ 0.01 $ (0.07 ) $ (0.04 ) $ 0.18

Description of Business and S29

Description of Business and Summary of Significant Accounting Policies (Details) - shares shares in Thousands	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]
Basic weighted-average number of shares	11,457	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	11,457	11,267	10,504

Description of Business and S30

Description of Business and Summary of Significant Accounting Policies (Details 1) - shares shares in Thousands	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Earnings Per Share, Diluted, Other Disclosures [Abstract]
Shares excluded from the calculations of diluted earnings (loss) per share	335
Non-vested restricted Class B common stock [Member]
Earnings Per Share, Diluted, Other Disclosures [Abstract]
Shares excluded from the calculations of diluted earnings (loss) per share	331
Stock options [Member]
Earnings Per Share, Diluted, Other Disclosures [Abstract]
Shares excluded from the calculations of diluted earnings (loss) per share	4

Description of Business and S31

Description of Business and Summary of Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Reserves deducted from accounts receivable:
Allowance for doubtful accounts, Balance at beginning of year		$ 4
Allowance for doubtful accounts, Additional changed to cost and expenses
Allowance for doubtful accounts, Deductions		$ (4)
Allowance for doubtful accounts, Balance at end of year

Description of Business and S32

Description of Business and Summary of Significant Accounting Policies (Details Textual) - USD ($) shares in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2010	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Description of Business and Summary of Significant Accounting Policies (Textual)
Common stock shares distributed		60,000
Common Stock [Member] | Common Class A [Member]
Description of Business and Summary of Significant Accounting Policies (Textual)
Common stock shares distributed		787	787	787
Common stock shares outstanding		787	787
Common Stock [Member] | Common Class B [Member]
Description of Business and Summary of Significant Accounting Policies (Textual)
Common stock shares distributed		11,308	11,013	10,700
Common stock shares outstanding		11,266	11,013
Straight Path Spectrum [Member]
Description of Business and Summary of Significant Accounting Policies (Textual)
Ownership in Straight Path Spectrum		100.00%
Renewal of 39 GHz FCC licenses	$ 210,000
License patent expiration date	Oct. 18, 2020
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.
Straight Path IP Group [Member]
Description of Business and Summary of Significant Accounting Policies (Textual)
Ownership in Straight Path Spectrum		84.50%
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.
Idt [Member] | Common Class B [Member]
Description of Business and Summary of Significant Accounting Policies (Textual)
Common stock shares outstanding				21,400

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Current:
Federal										$ 21	$ 560
State and local									$ (34)	6	113
Total									(34)	27	673
Deferred:
Federal									(2,211)	1,925	(560)
State and local									(469)	401	$ (121)
Total									2,809	(2,809)
(PROVISION FOR) BENEFIT FROM INCOME TAXES	$ 2,660	$ 801	$ (100)	$ (755)	$ 2,393	$ (40)			$ 2,714	$ (2,353)	$ 8

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	Jul. 31, 2015	Jul. 31, 2014
Current:
Accrued expenses	$ 314	$ 333
Stock based compensation	(329)	51
Deferred revenue on litigation settlements	313	2,079
Valuation allowance	$ (298)	(71)
TOTAL CURRENT DEFERRED INCOME TAX ASSETS		2,392
Non-Current:
Deferred revenue on litigation settlements		313
Stock based compensation		104
Net operating loss carryforward	$ 53,383	50,120
Valuation allowance	$ (53,383)	(50,120)
TOTAL NON-CURRENT DEFERRED INCOME TAX ASSETS		$ 417

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	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									$ (262)	$ 99	$ (1,445)
Permanent differences									1,048
Valuation allowance									$ (3,500)	$ 2,250	$ 1,445
State and local income tax, net of federal benefit										4	(8)
(PROVISION FOR) BENEFIT FROM INCOME TAXES	$ 2,660	$ 801	$ (100)	$ (755)	$ 2,393	$ (40)			$ 2,714	$ (2,353)	$ 8

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Reserves deducted from deferred income taxes, net:
Valuation allowance, Beginning balance	$ 50,191	$ 50,797	$ 49,982
Valuation allowance, Additions charged to costs and expenses	3,500		$ 815
Valuation allowance, Deductions	(10)	$ (606)
Valuation allowance, Ending balance	$ 53,681	$ 50,191	$ 50,797

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Income Tax (Textual)
Operating loss carryforwards	$ 134,000								$ 134,000
Operating loss carryforwards expiration term									The net operating loss carryforwards will start to expire in fiscal 2022, with fiscal 2015's loss expiring in fiscal 2035.
Income tax expense (benefit)	2,660	$ 801	$ (100)	$ (755)	$ 2,393	$ (40)			$ 2,714	$ (2,353)	$ 8
Deferred income tax assets valuation allowance percentage									100.00%	100.00%
Winstar Holdings, LLC [Member]
Income Tax (Textual)
Suspended losses became available to offset taxable income									$ 3,000	$ 3,000
Income tax expense (benefit)										$ 1,100
Straight Path Spectrum [Member]
Income Tax (Textual)
Operating loss carryforwards	127,000								127,000
Straight Path IP Group [Member]
Income Tax (Textual)
Operating loss carryforwards	$ 7,000								$ 7,000

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Jul. 31, 2014
Summary of accrued expenses
Accrued compensation	$ 174	$ 577
Accrued professional fees	$ 641	566
Accrued taxes		124
Other	$ 13	67
TOTAL ACCRUED EXPENSES	$ 828	$ 1,334

Equity (Details)

Equity (Details) - USD ($)	Aug. 07, 2015	Jan. 16, 2015	Apr. 30, 2015	Jul. 31, 2015	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013	Sep. 30, 2014
Equity (Textual)
Common stock issued for exercises of stock options					$ 68,000	$ 17,000
Dividend declared			$ 5,647,342
Amount paid to minority shareholders			875,338
Unpaid dividends			$ 4,772,004
Treasury stock, shares				42,000	42,000
Sale of treasury stock					$ 65,000
Class A common stock [Member] | Common Stock [Member]
Equity (Textual)
Common stock, voting rights					Class A common stock are entitled to three votes per share
Common stock issued for compensation, Shares
Common stock issued for exercises of stock options, Shares
Common stock issued for exercises of stock options
Common stock issued for exercises of deferred stock units, Shares
Retirement of common stock issued to former employees of IDT Corporation, Shares
Common stock issued or to be issued for compensation, Shares
Class B common stock [Member]
Equity (Textual)
Number of shares held in treasury stock. shares			9,982	41,723,000	41,723,000			35,846
Number of shares held in treasury stock. value			$ 197,344					$ 348,051
Sale of treasury stock				$ 480,392,000
Class B common stock [Member] | Davidi Jonas [Member] | Subsequent Event [Member]
Equity (Textual)
Common stock issued for compensation, Shares	60,000,000
Class B common stock [Member] | Officer [Member]
Equity (Textual)
Treasury stock, shares		4,105,000
Sale of treasury stock		$ 65,003,000
Class B common stock [Member] | IDT[Member]
Equity (Textual)
Number of restricted shares issued to former employees					2,200
Class B common stock [Member] | Common Stock [Member]
Equity (Textual)
Common stock, voting rights					Class B common stock are entitled to one-tenth of a vote per share.
Common stock issued for compensation, Shares						311,000
Common stock issued for exercises of stock options, Shares					12,000	3,000
Common stock issued for exercises of stock options
Common stock issued for exercises of deferred stock units, Shares					20,000	9,000
Retirement of common stock issued to former employees of IDT Corporation, Shares						(3,000)
Common stock issued or to be issued for compensation, Shares					265,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Stock Options
Stock options outstanding, Beginning balance	26,548
Stock options, Granted		32,155
Stock options, Exercised	(12,053)	(3,065)
Stock options, Cancelled/Forfeited	(472)	(2,542)
Stock options outstanding, Ending balance	14,023	26,548
Stock options, Vested and expected to vest	14,023
Stock options, Exercisable	6,923
Weighted- average Exercise Price
Weighted- average exercise price outstanding, Beginning balance	$ 5.67
Weighted- average exercise price outstanding, Granted		$ 5.67
Weighted- average exercise price outstanding, Exercised	$ 5.67	5.67
Weighted- average exercise price outstanding, Cancelled/Forfeited	5.67	5.67
Weighted- average exercise price outstanding, Ending balance	5.67	$ 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 4 months 24 days	5 years 8 months 12 days
Weighted- average remaining contractual term, Vested and expected to vest	5 years 4 months 24 days
Weighted- average remaining contractual term, Exercisable	4 years 6 months
Aggregate Intrinsic Value
Aggregate intrinsic value, Outstanding	$ 251	$ 112
Aggregate intrinsic value, Vested and expected to vest	251
Aggregate intrinsic value, Exercisable	$ 124

Stock-Based Compensation (Det41

Stock-Based Compensation (Details Textual)	Jan. 05, 2015USD ($)Directorsshares	Sep. 01, 2014USD ($)shares	Jul. 30, 2014USD ($)shares	Aug. 06, 2013USD ($)shares	Aug. 01, 2013USD ($)shares	Jul. 23, 2015USD ($)Directorsshares	May. 31, 2014	Jan. 31, 2014USD ($)shares	May. 31, 2013	Apr. 15, 2013USD ($)	May. 31, 2011USD ($)	Jul. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Jul. 31, 2014USD ($)	Apr. 30, 2014USD ($)	Jan. 31, 2014USD ($)	Oct. 31, 2013USD ($)shares	Jul. 31, 2015USD ($)$ / sharesshares	Jul. 31, 2014USD ($)shares	Jul. 31, 2013USD ($)$ / sharesshares	Jul. 31, 2012USD ($)
Stock-Based Compensation (Textual)
Stock-based compensation																					$ 12,000	$ 675,000
Intrinsic value of options exercised																				$ 186,976
Closing stock price | $ / shares																				$ 23.57
Selling, general and administrative												$ 2,870,000	$ 1,353,000	$ 1,605,000	$ 1,103,000	$ 725,000	$ 665,000	$ 1,042,000	$ 569,000	$ 6,931,000	3,001,000	$ 3,115,000
Unrecognized compensation cost related to non-vested restricted share value												$ 3,300,000								3,300,000
Unrecognized compensation cost in fiscal 2016																				1,810,000
Unrecognized compensation cost in fiscal 2017																				985,000
Unrecognized compensation cost in fiscal 2018																				400,000
Unrecognized compensation cost in fiscal 2019																				64,000
Stock Option [Member]
Stock-Based Compensation (Textual)
Selling, general and administrative																				$ 3,346,977	$ 758,343
IDT[Member]
Stock-Based Compensation (Textual)
Common stock options purchase | shares																						641,567
Common stock shares outstanding option, percentage																						10.00%
Straight Path IP Group [Member]
Stock-Based Compensation (Textual)
Estimated value of grant option Srtaight Path IP										$ 13,318
Stock option purchase of consultant, percentage										0.50%
Consultant stock option vested percentage							33.40%		33.40%	33.20%
Expected volatility										51.00%
Discount rate										0.80%
Expected term										4 years
Stock-based compensation																						$ 13,000	$ 52,000
Straight Path IP Group [Member] | Former CEO [Member]
Stock-Based Compensation (Textual)
Estimated value of grant option Srtaight Path IP											$ 200,000
Stock option purchase of consultant, percentage											5.00%
Grant options equity outstanding of Srtaight Path IP											$ 400,000
Expected volatility											49.00%
Discount rate											2.20%
Expected term											6 years
Common Class B [Member]
Stock-Based Compensation (Textual)
Common stock shares reserved | shares																						678,532
Common stock available for grant of awards by an additional shares | shares																			350,000
Common stock options purchase | shares																						32,155
Exercise option price per share | $ / shares																						$ 5.67
Number of share granted for service | shares				10,100																	5,500
Common stock with aggregate fair value			$ 1,214,000	$ 50,000	$ 1,519,000																$ 91,000
Restricted common stock shares description			One-third of both grants of restricted shares vested on March 30, 2015 and the remaining vest as to approximately one-third of the granted shares on each of February 1, 2016 and 2017.	These restricted shares vest as to one-third of the granted shares in each of August 2014, 2015 and 2016.																	These restricted shares vested as to one-half of the granted shares on each of January 31, 2015 and July 31, 2015.
Resticted common stock non vested -shares | shares																				386,560
Common Class B [Member] | Jonathan Rand [Member]
Stock-Based Compensation (Textual)
Number of share granted for service | shares			52,000		38,268
Common Class B [Member] | Davidi Jonas [Member]
Stock-Based Compensation (Textual)
Number of share granted for service | shares			71,000		229,608	60,000
Common stock with aggregate fair value						$ 1,494,900
Common Class B [Member] | Non Employee Director [Member]
Stock-Based Compensation (Textual)
Number of directors | Directors	3
Number of share granted for service | shares	24,000				3,750			24,000
Common stock with aggregate fair value	$ 438,000				$ 21,263			$ 197,000
Common Class B [Member] | Two Employees [Member]
Stock-Based Compensation (Textual)
Number of directors | Directors						2
Number of share granted for service | shares						22,500
Common stock with aggregate fair value						$ 685,800
Restricted common stock shares description						These restricted shares vest as to one-third of the granted shares on each of October 16, 2015, 2016 and 2017.
Common Class B [Member] | One Employee [Member]
Stock-Based Compensation (Textual)
Number of directors | Directors						1
Number of share granted for service | shares						5,000
Common stock with aggregate fair value						$ 152,400
Restricted common stock shares description						These restricted shares vest as to one-half of the granted shares on each of October 16, 2016 and 2017.
Common Class B [Member] | Jerry Pi [Member]
Stock-Based Compensation (Textual)
Number of share granted for service | shares		60,000				30,000
Common stock with aggregate fair value		$ 573,000				$ 914,400
Restricted common stock shares description		These restricted shares vest as to one-third of the granted shares on each of October 16, 2015, September 1, 2016 and September 1, 2017.				These restricted shares vest as to one-third of the granted shares on each of October 16, 2016, 2017 and 2018.

Commitments and Contingencies42

Commitments and Contingencies (Details)	Jul. 31, 2015USD ($)
Commitments and Contingencies [Abstract]
2,016	$ 44,307
2,017	44,342
2,018	34,000
Total	$ 122,649

Commitments and Contingencies43

Commitments and Contingencies (Details Textual)	Oct. 24, 2013	Mar. 15, 2013USD ($)	May. 31, 2015USD ($)	May. 27, 2015USD ($)	Oct. 31, 2014USD ($)	Aug. 31, 2013USD ($)	Apr. 15, 2013	Jul. 31, 2015USD ($)License	Jul. 31, 2014USD ($)
Commitments and Contingencies (Textuals)
Annual rent			$ 7,200
Extended term date, description			May 31, 2015 to May 31, 2017		In March 2015, the term of the lease was extended to April 30, 2018.
Monthly rent			$ 575		$ 3,100	$ 120
Rental expense, operating leases								$ 40,685	$ 25,785
License expiration date					Oct. 31, 2017
Lease agreement, description						The monthly rental was $120 through March 2014 and $600 thereafter and continues on a month-to-month basis until terminated by either party with 30 days' notice.
Minimum [Member]
Commitments and Contingencies (Textuals)
Recoverable contingency patents allegedly infringed, percentage								0.00%
Maximum [Member]
Commitments and Contingencies (Textuals)
Recoverable contingency patents allegedly infringed, percentage								40.00%
Straight Path Spectrum [Member] | 39 GHz Economic Area [Member]
Commitments and Contingencies (Textuals)
License expiration date	Oct. 18, 2020
Straight Path Spectrum [Member] | LMDS 28 GHz range [Member] | NEW YORK
Commitments and Contingencies (Textuals)
License expiration date								Feb. 1, 2016
Straight Path Spectrum [Member] | LMDS 28 GHz range [Member] | Licenses expire on august 10, 2018 [Member]
Commitments and Contingencies (Textuals)
License expiration date								Aug. 10, 2018
Licenses to be expired | License								14
Straight Path Spectrum [Member] | LMDS 28 GHz range [Member] | Licenses expire on september 21,2018 [Member]
Commitments and Contingencies (Textuals)
License expiration date								Sep. 21, 2018
Licenses to be expired | License								118
Straight Path Spectrum [Member] | Former Chief Executive Officer [Member]
Commitments and Contingencies (Textuals)
Payments to be made from revenue, percentage								50.00%
Amount of maximum future payment for wireless spectrum licenses								$ 3,250,000
Settlement of obligation								8,000	$ 35,000
Straight Path IP Group [Member]
Commitments and Contingencies (Textuals)
Outstanding common stock of Straight Path IP Percentage							0.50%
Settlement of obligation								$ 18,300,000
Straight Path IP Group [Member] | Former Chief Executive Officer [Member]
Commitments and Contingencies (Textuals)
Outstanding common stock of Straight Path IP Percentage		5.00%
Compensatory damages		$ 35,000,000
Arbitration proceedings, collateral				$ 3,500,000

Related Party Transactions (Det

Related Party Transactions (Details) - IDT [Member] - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Related Party Transaction, Due from (to) Related Party [Abstract]
Balance at beginning of year	$ 6
Payments by IDT on behalf of the Company	$ 464	$ 940
Deferred taxes offset against IDT net operating losses
Cash repayments, net of advances	$ (470)	$ (934)
Amount due to IDT contributed to equity
Balance at end of year		$ 6
Average balance during the year	$ 56	$ 111

Related Party Transactions (D45

Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Related Party Transactions (Textual)
Income from IDT Corporation payments of liabilities		$ 386,000
IDT [Member]
Related Party Transactions (Textual)
Income from IDT Corporation payments of liabilities		$ 386,000
Legal expenses	$ 513,481

Revenues in Wireless Spectrum46

Revenues in Wireless Spectrum (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Summary of revenues and gain on sale
Revenues	$ 2,769	$ 2,867	$ 2,781	$ 4,823	$ 3,303	$ 913	$ 453	$ 127	$ 13,240	$ 4,796	$ 1,130
Straight Path Spectrum [Member]
Summary of revenues and gain on sale
Revenues									426	424	525
Straight Path Spectrum [Member] | Customer 1 [Member]
Summary of revenues and gain on sale
Revenues									165	165	165
Straight Path Spectrum [Member] | Customer 2 [Member]
Summary of revenues and gain on sale
Revenues									87	114	$ 134
Straight Path Spectrum [Member] | Customer 3 [Member]
Summary of revenues and gain on sale
Revenues									$ 70	$ 53

Revenues in Wireless Spectrum47

Revenues in Wireless Spectrum (Details Textual) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Revenues and Gain on Sale of Rights in Wireless Spectrum (Textual)
Revenues	$ 2,769	$ 2,867	$ 2,781	$ 4,823	$ 3,303	$ 913	$ 453	$ 127	$ 13,240	$ 4,796	$ 1,130
Sales Revenue [Member]
Revenues and Gain on Sale of Rights in Wireless Spectrum (Textual)
Concentration risk percentage									10.00%
Straight Path IP Group [Member]
Revenues and Gain on Sale of Rights in Wireless Spectrum (Textual)
Revenues									$ 12,814	$ 4,372	$ 605
Total Settlement Amounts Aggregated									$ 18,300

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Summary of operating results for the business segments
Revenues	$ 2,769	$ 2,867	$ 2,781	$ 4,823	$ 3,303	$ 913	$ 453	$ 127	$ 13,240	$ 4,796	$ 1,130
Income (loss) from operations									$ 266	$ (692)	(3,615)
Gain on sale of rights in wireless spectrum included in loss from operations											150
Loss on settlement of Straight Path Spectrum legal proceedings included in loss from operations											(1,150)
Straight Path Spectrum [Member]
Summary of operating results for the business segments
Revenues									$ 426	$ 424	525
Income (loss) from operations									(1,641)	(495)	(1,891)
Gain on sale of rights in wireless spectrum included in loss from operations											150
Loss on settlement of Straight Path Spectrum legal proceedings included in loss from operations											(1,150)
Straight Path IP Group [Member]
Summary of operating results for the business segments
Revenues									12,814	4,372	605
Income (loss) from operations									$ 1,907	$ (197)	$ (1,724)
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 49

Business Segment Information (Details 1) - USD ($) $ in Thousands	Jul. 31, 2015	Jul. 31, 2014
Summary of total assets for the business segments
Total assets:	$ 20,238	$ 30,439
Straight Path Spectrum [Member]
Summary of total assets for the business segments
Total assets:	5,637	5,586
Straight Path IP Group [Member]
Summary of total assets for the business segments
Total assets:	$ 14,601	$ 24,853

Business Segment Information 50

Business Segment Information (Details Textual)	12 Months Ended
	Jul. 31, 2015Segments
Business Segment Information (Textual)
Reportable Segments	2

Quarterly Financial Data (Una51

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Schedule of quarterly financial data
Revenues	$ 2,769	$ 2,867	$ 2,781	$ 4,823	$ 3,303	$ 913	$ 453	$ 127	$ 13,240	$ 4,796	$ 1,130
Direct cost of revenues	1,282	1,315	1,338	2,108	1,751	425	283	28	6,043	2,487	630
Selling, general and administrative	2,870	1,353	1,605	1,103	725	665	1,042	569	6,931	3,001	3,115
Other income	322	9	9	32	13	338	$ 4	$ 53	372	408	11
Provision for (income taxes) income tax benefits	2,660	801	(100)	(755)	2,393	(40)			2,714	(2,353)	8
Net (loss) income	(3,721)	1,009	(253)	889	3,233	121	$ (868)	$ (417)	(2,076)	2,069	(3,612)
Net loss (income) attributable to noncontrolling interests	529	(211)	(24)	(183)	(195)	(4)	141	26	(111)	32	(399)
Net (loss) income attributable to SPCI	$ (3,192)	$ 798	$ (277)	$ 706	$ 3,038	$ 117	$ (727)	$ (391)	$ (1,965)	$ 2,037	$ (3,213)
Income (loss) per share - basic	$ (0.28)	$ 0.07	$ (0.02)	$ 0.06	$ 0.28	$ 0.01	$ (0.07)	$ (0.04)	$ (0.17)	$ 0.19	$ (0.31)
Income (loss) per share - diluted	$ (0.28)	$ 0.07	$ (0.02)	$ 0.06	$ 0.27	$ 0.01	$ (0.07)	$ (0.04)	$ (0.17)	$ 0.18	$ (0.31)

Subsequent Events (Details)

Subsequent Events (Details)	1 Months Ended
	Sep. 30, 2015
Subsequent Event [Member]
Subsequent Events (Textual)
Software development agreement, Description	Introduction of a PMP radio utilizing the 39 GHz band with all appropriate software as described in the agreement for $1,000,000.