Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Operating activities    
Net loss $ (5,900,452) $ (5,603,585)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 96,004 94,784
Stock-based compensation 554,575 1,148,209
Common stock issued for services 109,000
Changes in operating assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets 200,980 (189,886)
(Increase) decrease in other long-term assets 7,383 (476)
(Decrease) increase in accounts payable and accrued liabilities (245,050) (183,121)
Increase in accrued compensation 93,531 66,539
Increase (decrease) in other long-term liabilities 4,167 242,874
Net cash used in operating activities (5,079,862) (4,424,662)
Investing activities    
Purchases of property and equipment (9,578)
Net cash used in investing activities (9,578)
Financing activities    
Proceeds from issuance of common stock through employee stock purchase plan 19,048 25,617
Proceeds from issuance of common stock and warrants 9,283,443
Payment of financing and offering costs (1,008,143)
Proceeds from exercise of warrants 9,000 13,306
Net cash provided by financing activities 8,303,348 38,923
Effect of exchange rate changes on cash (6,744) (9)
Net increase (decrease) in cash 3,216,742 (4,395,326)
Cash and cash equivalents, at beginning of period 11,444,676 28,746,224
Cash and cash equivalents, at end of period 14,661,418 24,350,898
Cash paid during the period for:    
Interest
Income taxes 1,391
Noncash investing and financing transactions:    
Accrued offering costs 201,068
Noncash expiration of warrants 535,857 228,509
Noncash activity related to the issuance of warrants in-transit $ 2,000