Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

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Balance Sheet Details
3 Months Ended
Oct. 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:

 

    October 31, 2020     July 31, 2020  
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     (1,226,550 )     (1,176,506 )
Total   $ 764,450     $ 814,494  

 

Depreciation and amortization expense recorded for the three months ended October 31, 2020 and 2019 was approximately $0.1 million and $0.1 million, respectively.

 

Accounts Payable and Accrued Liabilities

 

Accounts payable and accrued liabilities are comprised of the following:

 

    October 31, 2020     July 31, 2020  
Research and development costs   $ 6,521,583     $ 4,730,347  
Professional services fees     2,753,538       3,097,881  
Other     327,105       94,808  
Total   $ 9,602,226     $ 7,923,036  

 

Accrued Compensation

 

Accrued compensation is comprised of the following:

 

    October 31, 2020     July 31, 2020  
Accrued payroll   $ 164,882     $ 279,473  
401K payable     21,740       5,654  
Total   $ 186,622     $ 285,127