Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

v3.19.2
Balance Sheet Details
9 Months Ended
Apr. 30, 2019
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:

 

    April 30, 2019     July 31, 2018  
Equipment and furniture   $ 1,873,880     $ 1,873,880  
Computer software     109,242       109,242  
Leasehold improvements     21,936       12,054  
Property and equipment, gross     2,005,058       1,995,176  
Accumulated depreciation and amortization     (912,949 )     (729,514 )
Total   $ 1,092,109     $ 1,265,662  

 

Depreciation and amortization expense recorded for the three and nine months ended April 30, 2019 was approximately $61,000 and $183,000, respectively. Depreciation and amortization expense recorded for the three and nine months ended April 30, 2018 was approximately $82,000 and $273,000, respectively.

 

Accounts Payable and Accrued Liabilities

 

Accounts payable and accrued liabilities are comprised of the following:

 

    April 30, 2019     July 31, 2018  
Research and development costs   $ 2,507,622     $ 3,801,211  
Professional services fees     1,084,678       770,853  
Other     243,980       206,828  
Total   $ 3,836,280     $ 4,778,892  

 

Accrued Compensation and Related

 

Accrued compensation is comprised of the following:

 

    April 30, 2019     July 31, 2018  
Separation costs   $ 808,915     $ 840,320  
Accrued payroll     252,160       215,937  
401K payable     -       14,487  
Total   $ 1,061,075     $ 1,070,744  

 

Other Long-Term Liabilities

 

Other long-term liabilities are comprised of the following:

 

    April 30, 2019     July 31, 2018  
Deferred rent   $ 752,393     $ 1,101,222  
Separation costs     -       371,408  
Total   $ 752,393     $ 1,472,630