SEC Info - Straight Path Communications Inc. - ‘10-K’ for 7/31/14

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Straight Path Communications Inc. – ‘10-K’ for 7/31/14 – ‘R15’

On: Tuesday, 10/14/14, at 4:08pm ET · For: 7/31/14 · Accession #: 1213900-14-7238 · File #: 1-36015

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/14/14  Straight Path Communications Inc. 10-K        7/31/14   61:5.4M                                   Edgar Agents LLC/FA

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    497K 
 2: EX-21.1     Subsidiaries List                                   HTML     16K 
 3: EX-23.1     Consent of Experts or Counsel                       HTML     18K 
 4: EX-31.01    Certification -- §302 - SOA'02                      HTML     23K 
 5: EX-31.02    Certification -- §302 - SOA'02                      HTML     23K 
 6: EX-32.01    Certification -- §906 - SOA'02                      HTML     19K 
 7: EX-32.02    Certification -- §906 - SOA'02                      HTML     19K 
40: R1          Document and Entity Information                     HTML     46K 
31: R2          Combined and Consolidated Balance Sheets            HTML    116K 
38: R3          Combined and Consolidated Balance Sheets            HTML     45K 
                (Parenthetical)                                                  
43: R4          Combined and Consolidated Statements of Operations  HTML     80K 
56: R5          Combined and Consolidated Statements of Equity      HTML     63K 
32: R6          Combined and Consolidated Statements of Cash Flows  HTML     85K 
37: R7          Description of Business and Summary of Significant  HTML    121K 
                Accounting Policies                                              
28: R8          Fair Value Measurements                             HTML     27K 
20: R9          Income Taxes                                        HTML    106K 
57: R10         Accrued Expenses                                    HTML     32K 
45: R11         Equity                                              HTML     37K 
44: R12         Stock-Based Compensation                            HTML     80K 
49: R13         Commitments and Contingencies                       HTML     64K 
50: R14         Related Party Transactions                          HTML     35K 
48: R15         Revenues and Gain on Sale of Rights in Wireless     HTML     32K 
                Spectrum                                                         
51: R16         Business Segment Information                        HTML     61K 
39: R17         Description of Business and Summary of Significant  HTML    122K 
                Accounting Policies (Policies)                                   
42: R18         Description of Business and Summary of Significant  HTML     34K 
                Accounting Policies (Tables)                                     
47: R19         Income Taxes (Tables)                               HTML     97K 
61: R20         Accrued Expenses (Tables)                           HTML     30K 
53: R21         Stock-Based Compensation (Tables)                   HTML     32K 
34: R22         Related Party Transactions (Tables)                 HTML     24K 
46: R23         Revenues and Gain on Sale of Rights in Wireless     HTML     25K 
                Spectrum (Tables)                                                
36: R24         Business Segment Information (Tables)               HTML     54K 
17: R25         Description of Business and Summary of Significant  HTML     33K 
                Accounting Policies (Details)                                    
54: R26         Description of Business and Summary of Significant  HTML     27K 
                Accounting Policies (Details 1)                                  
58: R27         Description of Business and Summary of Significant  HTML     42K 
                Accounting Policies (Details Textual)                            
24: R28         Income Taxes (Details)                              HTML     47K 
23: R29         Income Taxes (Details 1)                            HTML     48K 
26: R30         Income Taxes (Details 2)                            HTML     31K 
27: R31         Income Taxes (Details 3)                            HTML     26K 
29: R32         Income Taxes (Details Textual)                      HTML     31K 
16: R33         Accrued Expenses (Details)                          HTML     34K 
52: R34         Equity (Details)                                    HTML     38K 
33: R35         Stock-Based Compensation (Details)                  HTML     70K 
35: R36         Stock-Based Compensation (Details Textual)          HTML     79K 
19: R37         Commitments and Contingencies (Details)             HTML     78K 
60: R38         Related Party Transactions (Details)                HTML     32K 
14: R39         Related Party Transactions (Details Textual)        HTML     23K 
30: R40         Revenues and Gain on Sale of Rights in Wireless     HTML     24K 
                Spectrum (Details)                                               
55: R41         Revenues and Gain on Sale of Rights in Wireless     HTML     29K 
                Spectrum (Details Textual)                                       
18: R42         Business Segment Information (Details)              HTML     32K 
22: R43         Business Segment Information (Details 1)            HTML     23K 
25: R44         Business Segment Information (Details Textual)      HTML     20K 
59: XML         IDEA XML File -- Filing Summary                      XML     85K 
15: EXCEL       IDEA Workbook of Financial Reports                  XLSX    148K 
21: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    780K 
 8: EX-101.INS  XBRL Instance -- strp-20140731                       XML   1.10M 
10: EX-101.CAL  XBRL Calculations -- strp-20140731_cal               XML    109K 
11: EX-101.DEF  XBRL Definitions -- strp-20140731_def                XML    450K 
12: EX-101.LAB  XBRL Labels -- strp-20140731_lab                     XML    888K 
13: EX-101.PRE  XBRL Presentations -- strp-20140731_pre              XML    668K 
 9: EX-101.SCH  XBRL Schema -- strp-20140731                         XSD    125K 
41: ZIP         XBRL Zipped Folder -- 0001213900-14-007238-xbrl      Zip    114K

‘R15’ — Revenues and Gain on Sale of Rights in Wireless Spectrum

This is an IDEA Financial Report. [ Alternative Formats ]

Revenues and Gain on Sale of Rights in Wireless Spectrum

12 Months Ended

Jul. 31, 2014

Revenues and Gainon Sale Of Wireless Spectrum Rights [Abstract]

Revenues and Gain on Sale of Rights in Wireless Spectrum

Note 9—Revenues and Gain on Sale of Rights in Wireless Spectrum

Revenues

In fiscal 2014 and 2013, Straight Path Spectrum’s revenues from transactions with a single customer that amounted to 10% or more of total revenues were as follows:

Year ended July 31 (in thousands)	2014		2013
Customer:
TelePacific Communications	$	165	$	165
AT&T		114		134
UNSI		53		-

The loss of any of these major customers would have a material adverse effect on the Company’s results of operations and cash flows.

Revenue From Patent Infringement

As discussed above, the Company has filed a series of lawsuits claiming infringement of a number of its key patents and was seeking both damages and injunctive relief. Many of the actions have been settled. In connection with the settlements, Straight Path IP Group recognized revenue of approximately $4.4 million in fiscal 2014 and $605,000 in fiscal 2013. The total settlement amounts aggregated $16.7 million, excluding contingent amounts for which collectability is not reasonably assured. These settlement agreements include license fees for the duration of the license term. The license term is through the expiration of the licenses in September 2015.

Gain on Sale of Rights in Wireless Spectrum

In March and April 2012, Straight Path Spectrum closed on the sale of rights in wireless spectrum partitioned and/or disaggregated from eight of its LMDS and 39 GHz EA spectrum licenses covering metropolitan areas from its nationwide portfolio. In fiscal 2012, Straight Path Spectrum received cash of $6.8 million in exchange for the rights in the spectrum and recorded a gain of $5.3 million. In fiscal 2013, Straight Path Spectrum settled certain claims of the Former SPSI CEO and parties related to the Former SPSI CEO in connection with the March and April 2012 sale of rights in wireless spectrum and recorded an additional gain of $150,000 (see Note 7).

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-K’ Filing	Date	Other Filings

Filed on:	10/14/14	8-K
For Period end:	7/31/14	4
		List all Filings

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Filing Submission 0001213900-14-007238 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)