Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Operating activities    
Net loss $ (23,394,509) $ (15,890,643)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 111,568 121,741
Amortization of right-of-use asset 361,015
Amortization of discount on investments (42,893)
Stock-based compensation 1,940,463 2,304,108
Common stock issued for services 450,107 445,611
Modification of equity award 135,425 [1]
Foreign currency exchange loss, net 147,995 108,002
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 388,478 (340,425)
Other long-term assets 42,505 (8,051)
Accounts payable and accrued liabilities 5,222,378 (618,005)
Accrued compensation related (267,522) 1,018,826
Operating lease liabilities (574,334)
Other long-term liabilities (461,205)
Net cash used in operating activities (15,571,856) (13,227,509)
Investing activities    
Maturity of investment securities 12,986,000
Sale of investment securities 5,977,794
Net cash provided by investing activities 18,963,794
Financing activities    
Proceeds from issuance of common stock through ESPP 4,744 23,390
Proceeds from issuance of common stock and/or warrants 15,000,000
Payment of financing and offering costs (573,189)
Cash paid for stock options cancellation (25,819)
Cash paid for repurchase of warrants (178,225)
Proceeds from exercise of options 566,135
Principal payments on note payable (83,760)
Tax withholdings paid on equity awards (15,676) (50,640)
Tax withholdings paid related to net share settlement of equity awards (32,505)
Tax shares sold to pay for tax withholdings on equity awards 15,596 40,243
Net cash provided by (used in) financing activities (283,140) 14,973,434
Effect of exchange rate changes on cash and cash equivalents (36,433) (26,081)
Net increase (decrease) in cash and cash equivalents (15,891,429) 20,683,638
Cash and cash equivalents, at beginning of period 25,147,780 3,803,627
Cash and cash equivalents, at end of period 9,256,351 24,487,265
Supplemental disclosure for cash flow information:    
Interest 1,624
Income taxes 2,450 1,700
Noncash investing and financing transactions:    
Expiration of warrants 2,465,396 100,162
Increase in right-of-use assets and operating lease liabilities resulting from contract modification 5,288,981
Amounts accrued for offering costs $ 304,916
[1] On May 20, 2019, the Company effected a 1 for 10 reverse stock split. Shares have been retroactively restated.