Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Operating activities    
Net loss $ (23,929,364) $ (23,394,509)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 108,068 111,568
Amortization of right-of-use asset 417,059 361,015
Stock-based compensation 2,372,181 1,940,463
Common stock issued for services 212,501 450,107
Foreign currency exchange (gain) loss, net (151,674) 147,995
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 246,393 388,478
Other long-term assets (21) 42,505
Accounts payable and accrued liabilities 240,307 5,222,378
Accrued compensation related 84,041 (267,522)
Operating lease liabilities (189,373) (574,334)
Net cash used in operating activities (20,589,882) (15,571,856)
Investing Activities    
Purchase of intangible assets (250,000)
Net cash used in investing activities (250,000)
Financing activities    
Proceeds from issuance of common stock through ESPP 5,798 4,744
Proceeds from issuance of common stock 57,004,411
Payment of financing and offering costs (4,157,379)
Proceeds from exercise of warrants 3,043,800
Proceeds from exercise of options 261,726
Proceeds from co-promotion agreement 5,000,000
Cash paid for stock options cancellation (25,819)
Cash paid for repurchase of warrants (178,225)
Principal payments on note payable (330,144) (83,760)
Tax withholdings paid on equity awards (26,459) (15,676)
Tax shares sold to pay for tax withholdings on equity awards 28,049 15,596
Net cash provided by (used in) financing activities 60,829,802 (283,140)
Effect of exchange rate changes on cash and cash equivalents (13,811) (36,433)
Net increase (decrease) in cash and cash equivalents 39,976,109 (15,891,429)
Cash and cash equivalents, at beginning of period 20,354,462 25,147,780
Cash and cash equivalents, at end of period 60,330,571 9,256,351
Supplemental disclosure for cash flow information:    
Interest 6,089 1,624
Income taxes 2,950 2,450
Noncash investing and financing transactions:    
Amount accrued for purchase of intangible asset 245,000
Expiration of warrants 242,143 2,465,396
Increase in right-of-use assets and operating lease liabilities resulting from contract modification 338,819 $ 5,288,981
Amounts accrued for offering costs $ 277,062