Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

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Balance Sheet Details
 6 Months Ended
Jan. 31, 2020
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:

 

    January 31, 2020     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     (1,071,439 )     (959,871 )
Total   $ 919,561     $ 1,031,129  

 

Depreciation and amortization expense recorded for the three and six months ended January 31, 2020 was approximately $56,000 and $112,000, respectively. Depreciation and amortization expense recorded for the three and six months ended January 31, 2019 was approximately $61,000 and $122,000, respectively.

  

Accounts Payable and Accrued Liabilities

 

Accounts payable and accrued liabilities are comprised of the following:

 

    January 31, 2020     July 31, 2019  
Research and development costs   $ 3,394,197     $ 2,380,215  
Professional services fees     5,926,385       1,702,886  
Other     118,399       133,916  
Total   $ 9,438,981     $ 4,217,017  

 

Accrued Compensation and Related

 

Accrued compensation is comprised of the following:

 

    January 31, 2020     July 31, 2019  
Separation costs   $ 132,041     $ 495,004  
Accrued payroll     270,361       181,219  
401K payable     6,299       -  
Total   $ 408,701     $ 676,223  

 

Other Long-Term Liabilities

 

Other long-term liabilities are comprised of the following:

 

    January 31, 2020     July 31, 2019  
Deferred rent   $       -     $ 635,913  
Total   $ -     $ 635,913