| Balance Sheet Details |
Note 7— Balance Sheet Details
Property and Equipment
Property and equipment, net, is comprised of the following:
|
|
|
January 31,
|
|
July 31,
|
|
|
|
|
2016
|
|
2015
|
|
|
Computers and Equipment
|
|
$
|
2,254,245
|
|
$
|
1,589,914
|
|
|
Office Furniture
|
|
476,791
|
|
—
|
|
|
Computer Software
|
|
18,701
|
|
18,701
|
|
|
Leasehold Improvements
|
|
64,368
|
|
112,469
|
|
|
Construction In Progress
|
|
257,165
|
|
417,440
|
|
|
|
|
|
|
|
|
|
Property and Equipment, gross
|
|
3,071,270
|
|
2,138,524
|
|
|
Accumulated Depreciation
|
|
(395,976
|
)
|
(330,542
|
)
|
|
|
|
|
|
|
|
|
|
|
$
|
2,675,294
|
|
$
|
1,807,982
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization expense recorded for the three- and six- months period ended January 31, 2016 and 2015, was approximately $86,000 and $152,000 and approximately $46,000 and $83,000, respectively.
Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities are comprised of the following:
|
|
|
January 31,
|
|
July 31,
|
|
|
|
|
2016
|
|
2015
|
|
|
Research & Development Costs
|
|
$
|
2,552,327
|
|
$
|
1,865,087
|
|
|
Professional Services Fees
|
|
242,992
|
|
213,122
|
|
|
Office Equipment
|
|
253,629
|
|
69,900
|
|
|
Rent-related
|
|
52,837
|
|
—
|
|
|
Other
|
|
303,308
|
|
212,396
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,405,093
|
|
$
|
2,360,505
|
|
|
|
|
|
|
|
|
|
|
Accrued Compensation
Accrued compensation is comprised of the following:
|
|
|
January 31,
|
|
July 31,
|
|
|
|
|
2016
|
|
2015
|
|
|
Separation Costs
|
|
$
|
467,697
|
|
$
|
353,909
|
|
|
Payroll Accrual
|
|
116,392
|
|
—
|
|
|
Relocation Costs
|
|
—
|
|
76,884
|
|
|
Stock Issuance Liability
|
|
—
|
|
55,500
|
|
|
401K Payable
|
|
21,245
|
|
14,329
|
|
|
Other
|
|
349
|
|
824
|
|
|
|
|
|
|
|
|
|
|
|
$
|
605,683
|
|
$
|
501,446
|
|
|
|
|
|
|
|
|
|
|
Other Long-Term Liabilities
Other long-term liabilities is comprised of the following:
|
|
|
January 31,
|
|
July 31,
|
|
|
|
|
2016
|
|
2015
|
|
|
Deferred rent
|
|
$
|
325,053
|
|
$
|
32,518
|
|
|
|
|
|
|
|
|
|
|
|