Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

v3.19.3.a.u2
Balance Sheet Details
3 Months Ended
Oct. 31, 2019
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details

Note 4—Balance Sheet Details

 

Property and Equipment

 

Property and equipment, net, is comprised of the following:

 

    October 31, 2019     July 31, 2019  
Equipment and furniture   $ 1,859,824     $ 1,859,824  
Computer software     109,242       109,242  
Leasehold improvements     21,934       21,934  
Property and equipment, gross     1,991,000       1,991,000  
Accumulated depreciation and amortization     (1,015,942 )     (959,871 )
Total   $ 975,058     $ 1,031,129  

 

Depreciation and amortization expense recorded for the three months ended October 31, 2019 and 2018 was approximately $56,000 and $61,000, respectively.

 

Accounts Payable and Accrued Liabilities

 

Accounts payable and accrued liabilities are comprised of the following:

 

    October 31, 2019     July 31, 2019  
Research and development costs   $ 2,599,136     $ 2,380,215  
Professional services fees     2,777,472       1,702,886  
Other     131,818       133,916  
Total   $ 5,508,426     $ 4,217,017  

 

Accrued Compensation and Related

 

Accrued compensation is comprised of the following:

 

    October 31, 2019     July 31, 2019  
Separation costs   $ 275,818     $ 495,004  
Accrued payroll     357,486       181,219  
401K payable     6,857       -  
Total   $ 640,161     $ 676,223  

 

Other Long-Term Liabilities

 

Other long-term liabilities are comprised of the following:

 

    October 31, 2019     July 31, 2019  
Deferred rent   $         -     $ 635,913  
Total   $ -     $ 635,913