Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

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Balance Sheet Details
3 Months Ended
Oct. 31, 2018
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details

Note 5—Balance Sheet Details

 

Property and Equipment

 

Property and equipment, net, is comprised of the following:

 

    October 31, 2018     July 31, 2018  
Equipment and furniture   $ 1,873,880     $ 1,873,880  
Computer software     109,242       109,242  
Leasehold improvements     12,054       12,054  
Property and equipment, gross     1,995,176       1,995,176  
Accumulated depreciation and amortization     (790,385 )     (729,514 )
Total   $ 1,204,791     $ 1,265,662  

 

Depreciation and amortization expense recorded for the three months ended October 31, 2018 and 2017 was approximately $61,000 and $96,000, respectively.

 

Accounts Payable and Accrued Liabilities

 

Accounts payable and accrued liabilities are comprised of the following:

 

    October 31, 2018     July 31, 2018  
Research and development costs   $ 2,690,707     $ 3,801,211  
Professional services fees     1,234,226       770,853  
Other     244,864       206,828  
Total   $ 4,169,797     $ 4,778,892  

 

Accrued Compensation

 

Accrued compensation is comprised of the following:

 

    October 31, 2018     July 31, 2018  
Separation costs   $ 1,260,671     $ 840,320  
Accrued payroll     224,193       215,937  
401K payable     2,715       14,487  
Total   $ 1,487,579     $ 1,070,744  

 

Other Long-Term Liabilities

 

Other long-term liabilities are comprised of the following:

 

    October 31, 2018     July 31, 2018  
Deferred rent   $ 1,068,292     $ 1,101,222  
Separation costs     253,719       371,408  
Total   $ 1,322,011     $ 1,472,630