Straight Path Communications 10-Q 9 Jun 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2016	Jun. 09, 2016
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-Q
Trading Symbol	strp
Document Period End Date	Apr. 30, 2016
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016
Entity Filer Category	Accelerated Filer
Class A
Entity Common Stock, Shares Outstanding		787,163
Class B
Entity Common Stock, Shares Outstanding		11,390,081

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2016	Jul. 31, 2015
Current assets:
Cash and cash equivalents	$ 13,172	$ 18,620
Trade accounts receivable, net of allowance for doubtful accounts of $0 and $0, respectively	39	$ 82
Due from settlement	$ 65
Prepaid expenses - related to IP settlements and licensing		$ 783
Other current assets	$ 229	273
Total current assets	13,505	$ 19,758
Prepaid expenses - development agreement	300
Property and equipment, net of accumulated depreciation	1,345
Intangible assets	365	$ 365
Other assets	106	115
Total assets	15,621	20,238
Current liabilities:
Trade accounts payable	170	238
Accrued expenses	436	828
Deferred revenue	76	1,646
Income taxes payable	225	225
Total current liabilities	907	2,937
Deferred revenue - long-term portion	98	105
Total liabilities	$ 1,005	$ 3,042
Commitments and contingencies
Straight Path Communications Inc. stockholders' equity:
Preferred stock, $0.01 par value; 3,000 shares authorized; no shares issued and outstanding
Additional paid-in capital	$ 21,002	$ 17,316
(Accumulated deficit) retained earnings	(4,431)	72
Treasury stock, 42 shares at cost	(480)	(480)
Total Straight Path Communications Inc. stockholders' equity	16,213	18,524
Noncontrolling interests	(1,597)	(1,328)
Total equity	14,616	17,196
Total liabilities and equity	15,621	20,238
Class A
Straight Path Communications Inc. stockholders' equity:
Common stock to be issued, 0 and 60,000 shares	8	8
Class B
Straight Path Communications Inc. stockholders' equity:
Common stock to be issued, 0 and 60,000 shares	$ 114	113
Common stock to be issued
Straight Path Communications Inc. stockholders' equity:
Common stock to be issued, 0 and 60,000 shares		$ 1,495

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Apr. 30, 2016	Jul. 31, 2015
Net of allowance for doubtful accounts (in dollars)	$ 0	$ 0
Preferred stock, Par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Shares authorized	3,000	3,000
Preferred stock, Shares issued
Preferred stock, Shares outstanding
Treasury stock, shares	42	42
Common Stock | Class A
Common stock, Par value (in dollars per share)	$ 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, Par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, Shares authorized	40,000	40,000
Common stock, Shares issued	11,429	11,308
Common stock, Shares outstanding	11,387	11,266
Common Stock | Common stock to be issued
Common stock, Shares issued	0	60,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Statements of Operations [Abstract]
Revenues	$ 219	$ 2,867	$ 2,034	$ 10,471
Costs and expenses:
Direct cost of revenues	88	$ 1,315	883	$ 4,761
Research and development	505		879
Selling, general and administrative	1,528	$ 1,353	5,486	$ 4,061
Total costs and expenses	2,121	2,668	7,248	8,822
(Loss) income from operations	(1,902)	199	(5,214)	1,649
Other income:
Interest income	10	$ 9	30	27
Other income	3		393	23
Total other income	13	$ 9	423	50
(Loss) income before income taxes	(1,889)	208	(4,791)	1,699
Provision for income tax benefits (income taxes)	25	801	19	(54)
Net (loss) income	(1,864)	1,009	(4,772)	1,645
Net loss (income) attributable to noncontrolling interests	19	(211)	269	(418)
Net (loss) income attributable to Straight Path Communications Inc.	$ (1,845)	$ 798	$ (4,503)	$ 1,227
(Loss) earnings per share attributable to Straight Path Communications Inc. stockholders:
Basic	$ (0.15)	$ 0.07	$ (0.38)	$ 0.11
Diluted	$ (0.15)	$ 0.07	$ (0.38)	$ 0.10
Weighted-average number of shares used in calculation of (loss) earnings per share:
Basic	11,905	11,449	11,856	11,426
Diluted	11,905	11,879	11,856	11,837

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - 9 months ended Apr. 30, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Additional Paid-In Capital	(Accumulated Deficit) Retained Earnings	Treasury Stock	Noncontrolling Interests	Class ACommon Stock	Class BCommon Stock	To Be IssuedCommon Stock
Balance at Jul. 31, 2015	$ 17,196	$ 17,316	$ 72	$ (480)	$ (1,328)	$ 8	$ 113	$ 1,495
Balance (in shares) at Jul. 31, 2015						787	11,308
Common stock issued or to be issued for compensation	2,191	3,685					$ 1	$ (1,495)
Common stock issued or to be issued for compensation (in shares)							112
Common stock issued for exercises of stock options	1	$ 1
Net loss	(4,772)		$ (4,503)		$ (269)
Balance at Apr. 30, 2016	$ 14,616	$ 21,002	$ (4,431)	$ (480)	$ (1,597)	$ 8	$ 114
Balance (in shares) at Apr. 30, 2016						787	11,429

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Operating activities:
Net (loss) income	$ (4,772)	$ 1,645
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Common stock issued or to be issued for compensation	2,191	$ 1,524
Depreciation	38
Changes in assets and liabilities:
Trade accounts receivable, net	43	$ 34
Due from settlement	(65)	(91)
Prepaid expenses - related to settlements and licensing	783	3,696
Other current assets	44	$ (152)
Prepaid expenses - development agreement	(300)
Other assets	9	$ 15
Trade accounts payable	(68)	227
Accrued expenses	$ (392)	(774)
Due to IDT Corporation		(6)
Deferred revenue	$ (1,577)	(7,554)
Income taxes payable		(70)
Net cash used in operating activities	$ (4,066)	$ (1,506)
Investing activities:
Purchases of property and equipment	(1,383)
Net cash used in investing activities	$ (1,383)
Financing activities:
Sale of treasury stock		$ 65
Common stock issued upon exercise of stock options	$ 1	46
Dividends paid to stockholders of noncontrolling interests		(875)
Net cash provided by (used in) financing activities	$ 1	(764)
Net decrease in cash and cash equivalents	(5,448)	(2,270)
Cash and cash equivalents at beginning of period	18,620	21,232
Cash and cash equivalents at end of period	$ 13,172	18,962
Supplemental schedule of noncash activities
Common stock repurchased for withholding tax purposes		545
Purchase of intangibles		15
Supplemental cash flow information
Cash paid during the period for income taxes	$ 8	$ 117

Basis of Presentation

Basis of Presentation	9 Months Ended
	Apr. 30, 2016
Basis of Presentation [Abstract]
Basis of Presentation	Note 1—Basis of Presentation The accompanying unaudited consolidated financial statements of Straight Path Communications Inc. (“Straight Path”) and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended April 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending July 31, 2016. The balance sheet at July 31, 2015 has been derived from Straight Path’s audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, please refer to the combined and consolidated financial statements and footnotes thereto included in Straight Path’s Annual Report on Form 10-K for the fiscal year ended July 31, 2015, as filed with the U.S. Securities and Exchange Commission (the “SEC”). 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”), a direct 84.5% ownership of Straight Path IP Group, Inc. (“Straight Path IP Group”), and an indirect 100% ownership of Straight Path Ventures, LLC (“Straight Path Ventures”). In these financial statements, the “Company” refers to Straight Path, Straight Path Spectrum, Straight Path IP Group, and Straight Path Ventures 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 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 2016 refers to the fiscal year ending July 31, 2016).

Summary of Significant Accounti

Summary of Significant Accounting Policies and Recent Pronouncements	9 Months Ended
	Apr. 30, 2016
Summary of Significant Accounting Policies and Recent Pronouncements [Abstract]
Summary of Significant Accounting Policies and Recent Pronouncements	Note 2—Summary of Significant Accounting Policies and Recent Pronouncements The Company’s significant accounting policies are described in Note 1 of the Notes to Combined and Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended July 31, 2015. 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 February 2015, the FASB issued ASU 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 On August 1, 2015, the Company adopted ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) Leases (Topic 840) In March 2016, the FASB issued ASU 2016-09, “ Improvements to Employee Share-Based Payment Accounting In April 2016, the FASB issued ASU 2016-10, “ Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue from Contracts with Customers 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.

Property and Equipment

Property and Equipment	9 Months Ended
	Apr. 30, 2016
Property and Equipment [Abstract]
Property and Equipment	Note 3—Property and Equipment Property and equipment, consisting of microwave links, is recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets (8 years). Expenditures that enhance the useful lives of the assets are capitalized and depreciated. Maintenance and repairs are expensed as incurred. When properties are retired or otherwise disposed of, related costs and related accumulated depreciation are removed from the accounts.

Equity

Equity	9 Months Ended
	Apr. 30, 2016
Equity [Abstract]
Equity	Note 4—Equity Issuances of Class B Common Stock: Class B common stock activity for the nine months ended April 30, 2016 was as follows: 1. The Company issued a total of 36,000 shares to two employees as compensation . 2. The Company issued 60,000 shares to Davidi Jonas (“Jonas”), the Company’s Chief Executive Officer and President, as compensation . 3. The Company issued 24,000 shares to non-employee directors as compensation . 4. The Company issued 1,250 shares to a consultant as compensation. Class B common stock activity subsequent to April 30, 2016 was as follows: 1. The Company issued 1,452 shares upon the exercise of stock options and received proceeds of $8,232 . See Stock-Based Compensation below for a further discussion. 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. At both April 30, 2016 and July 31, 2015, there were 41,723 shares of treasury stock at a value of $480,000. Stock-Based Compensation: From time to time, the Company issues restricted shares of Class B common stock and options to purchase Class B common stock to non-employee directors, officers, employees, and other service providers. On October 8, 2015, the Company approved an amendment and restatement of the Company’s 2013 Stock Option and Incentive Plan (“2013 Plan”) increasing the number of shares of the Company’s Class B common stock available for the grant of awards thereunder by 475,000 shares. The increase was approved by the stockholders on January 12, 2016 at the Company’s annual stockholder meeting. Issuances of Class B common stock included in stock-based compensation for the nine months ended April 30, 2016 are as follows: 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 Company’s Chief Financial Officer, Jonathan Rand. The shares vested immediately upon ratification. The aggregate fair value of the issuance was $1,495,000 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. In October 2015, the Company granted an employee 28,000 restricted shares of Class B common stock. 4,000 of the shares vested on April 4, 2016. The balance of the shares will 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 $1,052,000 which is being charged to expense on a straight-line basis over the vesting period. On January 5, 2016, 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 upon grant. The aggregate fair value of the grant was approximately $418,000. On March 15, 2016, the Company granted an employee 8,000 restricted shares of Class B common stock. 4,000 of the shares will vest on October 16, 2016 and 4,000 shares will vest on March 16, 2017. The aggregate fair value of the grant was $285,000 which is being charged to expense on a straight-line basis over the vesting period. Stock-based compensation is included in selling, general and administrative expense and amounted to $605,000 and $295,000 for the three months ended April 30, 2016 and 2015, respectively and $2,191,000 and $1,524,000 for the nine months ended April 30, 2016 and 2015, respectively. As of April 30, 2016, there was approximately $2,851,000 of total unrecognized compensation cost related to non-vested restricted shares. The unrecognized compensation cost is expected to be recognized over the remaining vesting period, of which $1,747,000 is expected to be recognized in the twelve months ending April 30, 2017, $825,000 is expected to be recognized in the twelve months ending April 30, 2018, and $279,000 is expected to be recognized in the twelve months ending April 30, 2019.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Apr. 30, 2016
Earnings (Loss) Per Share [Abstract]
Earnings (Loss) Per Share	Note 5—Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increase would be anti-dilutive. The following table summarizes the components of the earnings (loss) per common share calculation: Three Months Ended Nine Months Ended 2016 2015 2016 2015 (in thousands) Basic weighted-average number of shares 11,905 11,449 11,856 11,426 Effect of dilutive securities: Shares underlying stock options — 5 — 6 Non-vested restricted Class B common stock — 425 — 405 Diluted weighted-average number of shares 11,905 11,879 11,856 11,837 The following shares were excluded from the diluted earnings (loss) per share computations because their inclusion would have been anti-dilutive: Three Months Ended Nine Months Ended 2016 2015 2016 2015 (in thousands) Stock options 3 — 4 — Non-vested restricted Class B common stock 179 — 175 — Shares excluded from the calculation of diluted earnings (loss) per share 182 — 179 — For the three and nine months ended April 30, 2016, the diluted loss per share equals basic loss per share because the Company had a net loss and the impact of the assumed exercise of stock options and assumed vesting of restricted stock would have been anti-dilutive.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Apr. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 6—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 agreed to indemnify IDT and IDT has agreed to indemnify 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 or through April 30, 2016. 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 provided by other vendors. The Company and IDT extended the TSA enabling the Company to seek input from IDT on an ad hoc basis if the Company deemed it necessary. No services were provided under the TSA in the three and nine months ended April 30, 2016. 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, a payable owed to IDT related to legal expenses totaling $513,481 that were paid 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: Three Months Ended Nine Months Ended 2016 2015 2016 2015 (in thousands) Included in direct cost of revenues $ — $ — $ — $ — Included in selling, general and administrative — — — 464

Concentration of Customers

Concentration of Customers	9 Months Ended
	Apr. 30, 2016
Concentration of Customers [Abstract]
Concentration of Customers	Note 7—Concentration of Customers Straight Path Spectrum’s revenues from transactions with a single customer that amounted to 10% or more of total Straight Path Spectrum revenues were as follows: Three Months Ended Nine Months Ended 2016 2015 2016 2015 (in thousands) Customer 1 $ 41 $ 41 $ 124 $ 124 Customer 2 21 21 64 66 Customer 3 15 10 43 29 Customer 4 14 N/A N/A N/A The loss of any of these major customers may have an adverse effect on the Company’s results of operations and cash flows.

Income Taxes

Income Taxes	9 Months Ended
	Apr. 30, 2016
Income Taxes [Abstract]
Income Taxes	Note 8—Income Taxes As a result of its corporate structure, Straight Path and its subsidiaries file the following income tax returns. Straight Path Spectrum files its own tax returns. There is no provision for Straight Path Spectrum for Fiscal 2016 and Fiscal 2015 as it incurred a taxable loss in both periods. In addition, there is a 100% valuation allowance against the net operating losses generated by Straight Path Spectrum at both April 30, 2016 and 2015. Straight Path Ventures files its own tax returns. There is no provision for Straight Path Ventures for Fiscal 2016 and Fiscal 2015 as it incurred a taxable loss in both periods. In addition, since it is a partnership return, its results are passed to its partners, both of which are included in the consolidated tax return of Straight Path. The operations of Straight Path IP Group are included in the consolidated tax return of Straight Path. There is no provision for Straight Path for the nine months ended April 30, 2016 and 2015 as it incurred a taxable loss in both periods. In addition, there is a 100% valuation allowance against the net operating losses generated by Straight Path at April 30, 2016. The benefit in Fiscal 2016 represents a federal refund from a prior year net of current state income and franchise taxes. The provision for income taxes for the nine months ended April 30, 2015 consisted solely of certain state income taxes. The provision for income tax benefits for the three months ended April 30, 2015 consisted primarily of the reversal of income taxes previously accrued during the first and second quarters for the year ended April 30, 2015 as a result of the use of certain suspended losses.

Business Segment Information

Business Segment Information	9 Months Ended
	Apr. 30, 2016
Business Segment Information [Abstract]
Business Segment Information	Note 9—Business Segment Information Prior to November 1, 2015, the Company had two reportable business segments, Straight Path Spectrum, which holds, leases, and markets fixed wireless spectrum, and Straight Path IP Group, which holds intellectual property primarily related to communications over computer networks, and the licensing and other businesses related to this intellectual property. Effective November 1, 2015, a third segment, referred to as Straight Path Ventures, has been designated. Straight Path Ventures focuses on developing next generation wireless technology for 39 GHz at the Company’s Gigabit Mobility Lab in Plano, Texas. 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. The Company allocates all of the corporate general and administrative expenses of Straight Path to Straight Path IP Group, Straight Path Spectrum, and Straight Path Ventures based upon the relative time of management and other corporate resources expended relative to each business as well as the revenues earned by each division. For all periods through January 31, 2016, these were allocated 80% to Straight Path IP Group and 20% to Straight Path Spectrum. No expenses were allocated to Straight Path Ventures because they were deemed to be immaterial. Commencing on February 1, 2016, these expenses are being allocated 20% to Straight Path IP Group and 80% to Straight Path Spectrum, except for the following: expenses related to the Gigabit Mobility Lab are being allocated 100% to Straight Path Ventures; employment expenses of our Chief Technology Officer are being allocated 20% to Straight Path IP Group, 20% to Straight Path Spectrum, and 60% to Straight Path Ventures; and employment expenses related to another employee are being allocated 20% to Straight Path Spectrum and 80% to Straight Path Ventures. The changes in allocations were brought about by the expiration of the licensed patents held by Straight Path IP Group and the increase in activities of Straight Path Ventures. Straight Path IP Group has been recognizing revenues over the terms of the settlements and license agreements related to such patents entered into in prior periods. With the expiration of the key patents and the increase in activities of Straight Path Ventures, the Company determined to modify the allocation, and in light of the anticipated level of activity in Straight Path IP Group’s enforcement activities and Straight Path Ventures’ development activities, the Company determined that a general 20% allocation to Straight Path IP Group, subject to the specific allocations listed above, represented the appropriate split in light of all factors. Operating results for the business segments of the Company were as follows: Straight Straight Straight Path Path Path Spectrum IP Group Ventures Total (Unaudited, in thousands) Three Months Ended April 30, 2016 Revenues $ 122 $ 97 $ - $ 219 Loss from operations (1,308 ) (160 ) (434 ) (1,902 ) Three Months Ended April 30, 2015 Revenues $ 99 $ 2,768 $ - $ 2,867 Income (loss) from operations (353 ) 552 - 199 Nine Months Ended April 30, 2016 Revenues $ 339 $ 1,695 $ - $ 2,034 Loss from operations (2,484 ) (2,173 ) (557 ) (5,214 ) Nine Months Ended April 30, 2015 Revenues $ 288 $ 10,183 $ - $ 10,471 Income (loss) from operations (1,062 ) 2,711 - 1,649 Total assets for the business segments of the Company were as follows: Straight Straight Straight Path Path Path Spectrum IP Group Ventures Total (in thousands) Total assets April 30, 2016 (unaudited) $ 11,441 $ 3,080 $ 1,100 $ 15,621 July 31, 2015 5,637 14,601 - 20,238

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Apr. 30, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 10—Commitments and Contingencies Legal Proceedings Putative Class Action and Shareholder Derivative Action On November 13, 2015, a putative shareholder class action was filed in the federal district court for the District of New Jersey against Straight Path Communications Inc. (the “Company”), Davidi Jonas, and Jonathan Rand (the “individual defendants”). The case is captioned Zacharia v. Straight Path Communications, Inc. et al. On January 29, 2016, a shareholder derivative action captioned Hofer v. Jonas et al. Zacharia The Company is aware of press reports regarding the filing of additional complaints for putative class actions revolving around the same alleged facts and circumstances as the Zacharia Hofer The Company intends to vigorously defend against all of these claims, and is in the process of evaluating its strategy and potential exposure. Sipnet Appeal On April 11, 2013, Sipnet EU S.R.O. (“Sipnet”), a Czech company, filed a petition for an inter partes During the pendency of the Sipnet Appeal and related IPRs, all litigation related to the relevant patents that was brought by us as plaintiff had been stayed or dismissed without prejudice, and therefore, we did not move forward with civil actions against Samsung Electronics Company et al. (“Samsung”), LG Electronics, Inc. et al. (“LG”), Toshiba Corporation et al. (“Toshiba”), Vizio, Inc. (“Vizio”), Apple Inc. (“Apple”), Avaya Inc. (“Avaya”), Cisco Systems, Inc. (“Cisco”), or Verizon Communications, Inc. (“Verizon Communications”) while the Sipnet Appeal and related IPRs were pending. As discussed in more detail below, Straight Path IP Group has requested that certain of the stays be lifted and has refiled one case and is planning to refile several other cases. Additional IPRs On August 22, 2014, Samsung filed three petitions with the PTAB for IPR of certain claims of the ‘704 Patent and U.S. Patent Nos. 6,009,469 (the “‘469 Patent”) and 6,131,121 (the “‘121 Patent”). On March 6, 2015, the PTAB instituted the requested IPR of these claims based on Samsung’s petitions. On June 15, 2015, Cisco and Avaya joined this instituted IPR. On November 18, 2015, Straight Path IP Group defended these patents at a hearing before the PTAB. The parties filed additional briefing regarding the impact of the CAFC’s decision in the Sipnet Appeal. On March 4, 2016, the PTAB issued a final written decision holding that Samsung failed to show that any claims of the ‘704 and ‘121 Patents were unpatentable. The PTAB also held that Samsung failed to show that the majority of the claims of the ‘469 Patent were unpatentable. On May 5, 2016, Samsung filed a notice of appeal to the Federal Circuit of the PTAB’s decision. On May 6, 2016, Cisco and Avaya also filed a notice of appeal to the Federal Circuit of the PTAB’s decision. On October 31, 2014, LG, Toshiba, Vizio, and Hulu LLC (“Hulu”) (collectively, “Petitioners”) filed three petitions with the PTAB for IPR of certain claims of the ‘704, ‘469, and ‘121 Patents. On May 15, 2015, the PTAB instituted the requested IPR of these claims. On June 15, 2015, Cisco and Avaya 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. (the “Verizon affiliates”) filed related petitions on the ‘704 and ‘121 Patents and requested to join the instituted IPRs. On November 10, 2015, the PTAB joined Cisco and Avaya in the three LG IPRs. On November 24, 2015, the PTAB joined the Verizon affiliates in the LG IPRs for the ‘704 and ‘469 Patents. The parties filed additional briefing regarding the impact of the CAFC’s decision in the Sipnet Appeal. On February 9, 2016, Straight Path IP Group defended these patents at a hearing before the PTAB. On May 9, 2016, the PTAB issued a final written decision holding that Petitioners failed to show that any claims of the ‘704 Patent were unpatentable. The PTAB also held that Petitioners failed to show that the majority of the claims of the ‘469 and ‘121 Patents were unpatentable. On May 20, 2016, Petitioners filed a notice of appeal to the Federal Circuit of the PTAB’s decision. On September 28, 2015, Cisco, Avaya, and the Verizon affiliates filed a petition for an IPR with the PTAB for all claims of U.S. Patent No. 6,701,365 (the “‘365 Patent”). On January 7, 2016, Straight Path IP Group filed its Preliminary Response. Shortly thereafter, the parties filed additional briefing to address the CAFC’s decision in the Sipnet Appeal. On April 6, 2016, the PTAB denied the petition, finding that the petitioners had not demonstrated a reasonable likelihood that any challenged claim was unpatentable. Patent Enforcement In light of the favorable outcomes in the Sipnet Appeal and in the related IPRs, Straight Path IP Group is re-commencing its patent enforcement efforts. 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 the ‘704, ‘469, and ‘121 Patents and seeking damages related to such infringement. The actions against LG, Toshiba, and Vizio were consolidated (the “consolidated action”). In October 2014, Hulu intervened in the consolidated 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 in the United States District Court for the Northern District of California seeking declaratory relief of non-infringement of the ‘704, ‘469, and ‘121 Patents based in part on the allegations related to the consolidated action in Virginia (the “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 the Eastern District of Virginia. On May 28, 2015, the California court transferred the Amazon action to Virginia. 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 a decision in the Sipnet Appeal. On November 4, 2014, the court granted the stay and also held in abeyance the briefing on Amazon’s motion to intervene. The Amazon action has been stayed but not yet consolidated with the consolidated action. On May 23, 2016, the Company filed status reports with the Court in both the consolidated action and the Amazon action requesting that the stay be lifted, and the defendants filed a statement and request for leave to file a motion to continue the stay. 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 the ‘704, ‘469, and ‘121 Patents 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 May 31, 2016, Straight Path IP Group filed a notice informing the court of the results of the Samsung IPR and the Sipnet Appeal and requesting that the stay be lifted. On June 2, 2016, the defendants filed a notice asserting that the stay should remain pending their appeal of the PTAB’s decision in the Samsung IPR. 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 Straight Path IP Group’s patents (the ‘704, ‘469, and ’121 Patents and U.S. Patent No. 7,149,208); (b) Avaya’s IP telephony, video conference, and telepresence products such as its Aura Platform infringe four of the Straight Path IP Group’s patents (the ‘704, ‘469, ‘121, and ‘365 Patents); and (c) Cisco’s IP telephony, video conference, and telepresence products such as the Unified Communications Solutions infringe four of Straight Path IP Group’s patents (the ‘704, ‘469, ‘121, and ‘365 Patents). 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 the Verizon affiliates and Verizon Communications in the United States District Court for the Southern District of New York. Straight Path IP Group claims the defendants’ telephony products such as its Advanced Communications Products, including Unified Communications and Collaboration and VOIP infringe three of its patents (the ‘704, ‘469, and ‘365 Patents). On November 24, 2014, Straight Path IP Group dismissed the complaint without prejudice subject to a confidential standstill agreement with the defendants. On June 7, 2016, Straight Path IP Group filed a new complaint in the United States District Court for the Southern District of New York against the original Verizon parties as well as Verizon affiliate Cellco Partnership d/b/a Verizon Wireless, alleging that defendants’ IP telephony products such as FIOS Digital Voice, Unified Communications and Collaboration, Verizon Enterprise Solutions VoIP, Virtual Communications Express, Voice over LTE, and related hardware and software infringe the ‘704, ‘469 and ‘365 Patents. 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. Other Legal 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. Agreement with Cambridge Broadband Networks Ltd. (“CBNL”) On September 11, 2015, the Company entered into an agreement with CBNL to expedite production of a 39 GHz point-to-multipoint (“PMP”) radio for a fee of $1,000,000. Terms of the agreement include the following: 1. The agreement provides for several milestones for which the Company can receive refunds of all or a portion of the fee paid if such milestones are not reached. 2. In the event that CBNL does not release a PMP radio by March 2017 (the twenty (20) month anniversary of the effective date of the agreement), the relevant portion of the fee will be refunded to the Company. 3. The agreement provides for penalty fees if CBNL does not meet specific delivery dates. 4. In addition, the agreement enables the Company to purchase quantities of the developed equipment on favorable terms. The fee has initially been classified as a prepaid expense in the consolidated balance sheet. Research and development expenses are recognized as the various milestones are met. Two milestones have been reached to date. Research and development expenses recognized under this agreement for the three and nine months ended April 30, 2016 amounted to $400,000 and $700,000, respectively. Prepaid expenses total $300,000 at April 30, 2016. Lease Commitment Effective December 1, 2015, the Company began leasing a laboratory in Plano, Texas. The lease term expires on December 31, 2018 and the average annual rental under the lease is approximately $18,000. Federal Communications Commission (“FCC”) License Renewal Straight Path Spectrum has eight hundred and twenty-eight (828) 39 GHz Economic Area (“EA”) licenses with an expiration date of October 18, 2020. Straight Path Spectrum previously filed substantial service performance filings for its 39 GHz EA licenses. 828 showings have been accepted by the FCC, which resulted in the renewal of the licenses through 2020. In addition, Straight Path Spectrum has 133 local multipoint distribution services (“LMDS”) Basic Trading Area (“BTA”) licenses, including 16 licenses in the 27.5 – 28.35 GHz A1 band (the “LMDS A1 Licenses”). Of these licenses, 14 expire on August 10, 2018, 118 expire on September 21, 2018, and the LMDS A1 License that covers parts of the New York City BTA (the “New York City LMDS A1 License”) was scheduled to expire on February 1, 2016. On April 20, 2016, the FCC granted Straight Path Spectrum’s application to renew its New York City LMDS A1 License for a ten-year period, and thus the New York City LMDS A1 License now expires on February 1, 2026. Substantial service performance filings were filed for the other 132 LMDS BTA licenses, and these showings have been accepted by the FCC, which resulted in the renewal of the licenses through the end of the current period. 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 $6,000 and $3,000 was incurred to the Former SPSI CEO for this obligation for the three months ended April 30, 2016 and 2015, respectively, and approximately $36,000 and $11,000 for the nine months ended April 30, 2016 and 2015, respectively.

Summary of Significant Accoun17

Summary of Significant Accounting Policies and Recent Pronouncements (Policies)	9 Months Ended
	Apr. 30, 2016
Summary of Significant Accounting Policies and Recent Pronouncements [Abstract]
Summary of Significant Accounting Policies and Recent Pronouncements	The Company’s significant accounting policies are described in Note 1 of the Notes to Combined and Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended July 31, 2015. 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 February 2015, the FASB issued ASU 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 On August 1, 2015, the Company adopted ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) Leases (Topic 840) In March 2016, the FASB issued ASU 2016-09, “ Improvements to Employee Share-Based Payment Accounting In April 2016, the FASB issued ASU 2016-10, “ Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue from Contracts with Customers Management does not believe that any other recently issued, but not yet effective, accounting standard if currently adopted would have a material effect on the accompanying financial statements.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Apr. 30, 2016
Earnings (Loss) Per Share [Abstract]
Summary of components of the earnings (loss) per common share calculation	Three Months Ended Nine Months Ended 2016 2015 2016 2015 (in thousands) Basic weighted-average number of shares 11,905 11,449 11,856 11,426 Effect of dilutive securities: Shares underlying stock options — 5 — 6 Non-vested restricted Class B common stock — 425 — 405 Diluted weighted-average number of shares 11,905 11,879 11,856 11,837
Summary of shares excluded from the diluted earnings per share computations	Three Months Ended Nine Months Ended 2016 2015 2016 2015 (in thousands) Stock options 3 — 4 — Non-vested restricted Class B common stock 179 — 175 — Shares excluded from the calculation of diluted earnings (loss) per share 182 — 179 —

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Apr. 30, 2016
Related Party Transactions [Abstract]
Schedule of expenses incurred on related party transactions	Three Months Ended Nine Months Ended 2016 2015 2016 2015 (in thousands) Included in direct cost of revenues $ — $ — $ — $ — Included in selling, general and administrative — — — 464

Concentration of Customers (Tab

Concentration of Customers (Tables)	9 Months Ended
	Apr. 30, 2016
Concentration of Customers [Abstract]
Schedule of revenues from transactions with single customer	Three Months Ended Nine Months Ended 2016 2015 2016 2015 (in thousands) Customer 1 $ 41 $ 41 $ 124 $ 124 Customer 2 21 21 64 66 Customer 3 15 10 43 29 Customer 4 14 N/A N/A N/A

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Apr. 30, 2016
Business Segment Information [Abstract]
Summary of operating results for the business segments	Straight Straight Straight Path Path Path Spectrum IP Group Ventures Total (Unaudited, in thousands) Three Months Ended April 30, 2016 Revenues $ 122 $ 97 $ - $ 219 Loss from operations (1,308 ) (160 ) (434 ) (1,902 ) Three Months Ended April 30, 2015 Revenues $ 99 $ 2,768 $ - $ 2,867 Income (loss) from operations (353 ) 552 - 199 Nine Months Ended April 30, 2016 Revenues $ 339 $ 1,695 $ - $ 2,034 Loss from operations (2,484 ) (2,173 ) (557 ) (5,214 ) Nine Months Ended April 30, 2015 Revenues $ 288 $ 10,183 $ - $ 10,471 Income (loss) from operations (1,062 ) 2,711 - 1,649
Summary of total assets for the business segments	Straight Straight Straight Path Path Path Spectrum IP Group Ventures Total (in thousands) Total assets April 30, 2016 (unaudited) $ 11,441 $ 3,080 $ 1,100 $ 15,621 July 31, 2015 5,637 14,601 - 20,238

Basis of Presentation (Details

Basis of Presentation (Details Textual)	9 Months Ended
	Apr. 30, 2016
Straight Path Spectrum [Member]
Basis of Presentation (Textual)
Ownership in straight path spectrum	100.00%
Ownership in straight path spectrum indirect transaction	100.00%
Straight Path IP Group [Member]
Basis of Presentation (Textual)
Ownership in straight path spectrum	84.50%

Property and Equipment (Details

Property and Equipment (Details Textual)	9 Months Ended
	Apr. 30, 2016
Property and Equipment [Abstract]
Property and equipment estimated useful lives	8 years

Equity (Details Textual)

Equity (Details Textual) - USD ($)	Mar. 15, 2016	Jan. 05, 2016	Oct. 31, 2015	Jul. 23, 2015	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Jul. 31, 2015	Oct. 08, 2015
Equity (Textual)
Treasury stock, shares					42,000		42,000		42,000
Sale of treasury stock								$ 65,000
Stock-based compensation expense					$ 605,000	$ 295,000	$ 2,191,000	$ 1,524,000
Unrecognized compensation cost related to non-vested restricted shares					$ 2,851,000		2,851,000
2,017							1,747,000
2,018							825,000
2,019							$ 279,000
Treasury Stock, Common [Member]
Equity (Textual)
Treasury stock, shares					41,723		41,723		41,723
Sale of treasury stock							$ 480,000		$ 480,000
Common Class B [Member]
Equity (Textual)
Exercise of stock options							1,452
Stock options cash received							$ 8,232
Common Class B [Member] | 2013 Plan [Member]
Equity (Textual)
Class B common stock available for the grant of awards										475,000
Common Class B [Member] | Restricted Shares [Member]
Equity (Textual)
Restricted shares, granted	8,000
Number of restricted shares issued, value	$ 285,000
Common Class B [Member] | Davidi Jonas [Member]
Equity (Textual)
Stock issued during period as compensation, Shares							60,000
Stock issued during period, Shares				60,000
Stock issued during period, Value				$ 1,495,000
Common Class B [Member] | Employee [Member]
Equity (Textual)
Stock issued during period as compensation, Shares							36,000
Common Class B [Member] | Employee [Member] | Restricted Shares [Member]
Equity (Textual)
Restricted shares, granted			28,000
Restricted shares, Vested			4,000
Number of restricted shares issued, value			$ 1,052,000
Description of restricted shares vesting condition			The balance of the shares will vest as to one-third of the granted shares on each of October 16, 2016, 2017 and 2018.
Common Class B [Member] | Employee [Member] | Restricted Shares [Member] | October 16, 2016 [Member]
Equity (Textual)
Restricted shares, Vested	4,000
Common Class B [Member] | Employee [Member] | Restricted Shares [Member] | March 16, 2017 [Member]
Equity (Textual)
Restricted shares, Vested	4,000
Common Class B [Member] | Directors [Member]
Equity (Textual)
Stock issued during period as compensation, Shares							24,000
Common Class B [Member] | Directors [Member] | Restricted Shares [Member]
Equity (Textual)
Restricted shares, granted		24,000
Number of restricted shares issued, value		$ 418,000
Common Class B [Member] | Consultant [Member]
Equity (Textual)
Stock issued during period as compensation, Shares							1,250

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Basic and Diluted weighted-average number of shares [Abstract]
Basic weighted-average number of shares	11,905	11,449	11,856	11,426
Effect of dilutive securities:
Shares underlying stock options		5		6
Non-vested restricted Class B common stock		425		405
Diluted weighted-average number of shares	11,905	11,879	11,856	11,837

Earnings (Loss) Per Share (De26

Earnings (Loss) Per Share (Details 1) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Earnings Per Share, Diluted, Other Disclosures [Abstract]
Shares excluded from the calculation of diluted earnings (loss) per share	182		179
Stock options [Member]
Earnings Per Share, Diluted, Other Disclosures [Abstract]
Shares excluded from the calculation of diluted earnings (loss) per share	3		4
Non-vested restricted Class B common stock [Member]
Earnings Per Share, Diluted, Other Disclosures [Abstract]
Shares excluded from the calculation of diluted earnings (loss) per share	179		175

Related Party Transactions (Det

Related Party Transactions (Details) - Transition Service Agreement [Member] - IDT [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Related Party Transaction, Due from (to) Related Party [Abstract]
Included in direct cost of revenues
Included in selling, general and administrative				$ 464

Related Party Transactions (D28

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

Concentration of Customers (Det

Concentration of Customers (Details) - Straight Path Spectrum [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Customer 1 [Member]
Revenue	$ 41	$ 41	$ 124	$ 124
Customer 2 [Member]
Revenue	21	21	64	66
Customer 3 [Member]
Revenue	15	$ 10	$ 43	$ 29
Customer 4 [Member]
Revenue	$ 14

Concentration of Customers (D30

Concentration of Customers (Details Textual)	9 Months Ended
	Apr. 30, 2016
Sales Revenue Net [Member]
Concentration of Customers (Textual)
Concentration risk percentage	10.00%

Income Taxes (Details Textual)

Income Taxes (Details Textual)	9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Income Taxes (Textual)
Deferred income tax assets valuation allowance percentage	100.00%	100.00%

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Summary of operating results for the business segments
Revenues	$ 219	$ 2,867	$ 2,034	$ 10,471
Income (loss) from operations	(1,902)	199	(5,214)	1,649
Straight Path Spectrum [Member]
Summary of operating results for the business segments
Revenues	122	99	339	288
Income (loss) from operations	(1,308)	(353)	(2,484)	(1,062)
Straight Path IP [Member]
Summary of operating results for the business segments
Revenues	97	2,768	1,695	10,183
Income (loss) from operations	$ (160)	$ 552	$ (2,173)	$ 2,711
Straight Path Ventures [Member]
Summary of operating results for the business segments
Revenues
Income (loss) from operations	$ (434)		$ (557)

Business Segment Information 33

Business Segment Information (Details 1) - USD ($) $ in Thousands	Apr. 30, 2016	Jul. 31, 2015
Summary of total assets for the business segments
Total assets:	$ 15,621	$ 20,238
Straight Path Spectrum [Member]
Summary of total assets for the business segments
Total assets:	11,441	5,637
Straight Path IP Group [Member]
Summary of total assets for the business segments
Total assets:	3,080	$ 14,601
Straight Path Ventures [Member]
Summary of total assets for the business segments
Total assets:	$ 1,100

Business Segment Information 34

Business Segment Information (Details Textual) - Segment	Feb. 01, 2016	Nov. 01, 2015	Jan. 31, 2016
Business Segment Information (Textual)
Reportable Segments		3
Employment expenses of Chief Technology Officer	100.00%
Straight Path IP Group [Member]
Business Segment Information (Textual)
Percentage of general and administrative expenses	20.00%		80.00%
Employment expenses of Chief Technology Officer	20.00%
Straight Path Spectrum [Member]
Business Segment Information (Textual)
Percentage of general and administrative expenses	80.00%		20.00%
Employment expenses of Chief Technology Officer	20.00%
Employee Expenses Related To Another Employee	20.00%
Straight Path Ventures [Member]
Business Segment Information (Textual)
Employment expenses of Chief Technology Officer	60.00%
Employee Expenses Related To Another Employee	80.00%

Commitments and Contingencies (

Commitments and Contingencies (Details Textual)	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 24, 2014Patent	Jun. 30, 2013USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2015USD ($)	Apr. 30, 2016USD ($)License	Apr. 30, 2015USD ($)
Commitments and Contingencies (Textual)
Infringe of patents | Patent	4
Prepaid expense fee					$ 1,000,000
Research and development expenses			$ 505,000		879,000
Prepaid expenses			300,000		$ 300,000
Lease expiration date					Dec. 31, 2018
Annual rent					$ 18,000
Minimum [Member]
Commitments and Contingencies (Textual)
Recoverable contingency patents allegedly infringed, percentage					0.00%
Maximum [Member]
Commitments and Contingencies (Textual)
Recoverable contingency patents allegedly infringed, percentage					40.00%
Straight Path Spectrum [Member] | 39 GHz Economic Area [Member]
Commitments and Contingencies (Textual)
Research and development expenses			400,000		$ 700,000
License expiration date					Oct. 18, 2020
Straight Path Spectrum [Member] | LMDS 28 GHz range [Member] | NEW YORK [Member]
Commitments and Contingencies (Textual)
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 (Textual)
Licenses to be expired | License					14
License expiration date					Aug. 10, 2018
Straight Path Spectrum [Member] | LMDS 28 GHz range [Member] | Licenses expire on September 21,2018 [Member]
Commitments and Contingencies (Textual)
Licenses to be expired | License					118
License expiration date					Sep. 21, 2018
Straight Path Spectrum [Member] | Former Chief Executive Officer [Member]
Commitments and Contingencies (Textual)
Payments to be made from revenue, percentage		50.00%
Amount of maximum future payment for wireless spectrum licenses		$ 3,250,000
Cumulative amount paid for payment from future revenues from spectrum obligation			$ 6,000	$ 3,000	$ 36,000	$ 11,000
Straight Path IP Group [Member]
Commitments and Contingencies (Textual)
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.