Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
6 Months Ended
Jan. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Assumptions Used to Calculate Fair Value of Stock Based Compensation

The following assumptions were used for the Black-Scholes calculation of the fair value of stock-based compensation related to stock options granted during the periods presented:

 

    Six Months Ended
January 31, 2020
    Six Months Ended
January 31, 2019
 
Expected term (years)     5.00–6.50 years       5.00–6.50 years  
Risk-free interest rate     1.35 – 1.70 %     2.47 – 3.09 %
Volatility     80.93 – 83.66 %     72.88 –81.96 %
Dividend yield     0 %     0 %

Summary of Stock Option Activity

The following is a summary of the Company’s 2011 Plan and non-Plan stock option activity for the six months ended January 31, 2020:

 

          Weighted  
          Average  
          Exercise  
    Options     Price  
Outstanding - July 31, 2019     921,572     $ 12.63  
Granted     5,050     $ 1.98  
Forfeited/Cancelled     (911,622 )   $ 12.67  
Outstanding – January 31, 2020     15,000     $ 6.34  
Options vested and expected to vest - January 31, 2020     15,000     $ 6.34  
Options Exercisable – January 31, 2020     12,085     $ 6.29  

Summary of Common Stock Reserved for Future Issuance

The following table summarizes all common stock reserved for future issuance at January 31, 2020:

 

Common Stock options outstanding (within the 2011 Plan and outside of the terms of the 2011 Plan)     15,000  
Common Stock reserved for outstanding restricted stock units     47,998  
Common Stock authorized for future grant under the 2011 Plan     779,757  
Common Stock reserved for warrant exercise     3,114,288  
Commons Stock reserved for future ESPP issuance     34,767  
Total common stock reserved for future issuance     3,991,810