| 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 |
|
|