| Balance Sheet Details |
Note 7—Balance Sheet Details
Property and Equipment
Property and equipment,
net, is comprised of the following:
| |
|
April 30, 2016 |
|
|
July 31, 2015 |
|
| Computers and Equipment |
|
$ |
2,873,801 |
|
|
$ |
1,589,914 |
|
| Office Furniture |
|
|
476,791 |
|
|
|
— |
|
| Computer Software |
|
|
18,701 |
|
|
|
18,701 |
|
| Leasehold Improvements |
|
|
80,102 |
|
|
|
112,469 |
|
| Construction In Progress |
|
|
111,102 |
|
|
|
417,440 |
|
| Property and Equipment, gross |
|
|
3,560,497 |
|
|
|
2,138,524 |
|
| Accumulated Depreciation and Amortization |
|
|
(498,038 |
) |
|
|
(330,542 |
) |
| |
|
$ |
3,062,459 |
|
|
$ |
1,807,982 |
|
Depreciation and amortization expense
recorded for the three- and nine- months period ended April 30, 2016 and 2015, was approximately $102,000 and $254,000 and approximately
$54,000 and $137,000, respectively.
Accounts Payable and Accrued Liabilities
Accounts payable
and accrued liabilities are comprised of the following:
| |
|
April 30, 2016 |
|
|
July 31, 2015 |
|
| Research & Development Costs |
|
$ |
2,242,784 |
|
|
$ |
1,865,087 |
|
| Professional Services Fees |
|
|
341,202 |
|
|
|
213,122 |
|
| Lab/Office Equipment |
|
|
396,899 |
|
|
|
69,900 |
|
| Rent-related |
|
|
13,136 |
|
|
|
— |
|
| Other |
|
|
166,310 |
|
|
|
212,396 |
|
| |
|
$ |
3,160,331 |
|
|
$ |
2,360,505 |
|
Accrued Compensation
Accrued compensation
is comprised of the following:
| |
|
April 30, 2016 |
|
|
July 31, 2015 |
|
| Separation Costs |
|
$ |
303,940 |
|
|
$ |
353,909 |
|
| Payroll Accrual |
|
|
212,311 |
|
|
|
— |
|
| Relocation Costs |
|
|
— |
|
|
|
76,884 |
|
| Stock Issuance Liability |
|
|
— |
|
|
|
55,500 |
|
| 401K Payable |
|
|
— |
|
|
|
14,329 |
|
| Other |
|
|
919 |
|
|
|
824 |
|
| |
|
$ |
517,170 |
|
|
$ |
501,446 |
|
Other Long-Term Liabilities
Other long-term
liabilities is comprised of the following:
| |
|
April 30, 2016 |
|
|
July 31, 2015 |
|
| Deferred rent |
|
$ |
606,173 |
|
|
$ |
32,518 |
|
|