Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.2
Consolidated Balance Sheets - USD ($)
Jul. 31, 2021
Jul. 31, 2020
Current assets    
Cash and cash equivalents $ 45,951,233 $ 20,354,462
Prepaid expenses and other current assets 3,228,191 2,467,223
Total Current Assets 49,179,424 22,821,685
Property and equipment, net 928,821 814,494
Intangible assets, net 448,412
Operating right-of-use assets 5,445,744 5,948,224
Other long-term assets 273,523 319,058
Total Assets 56,275,924 29,903,461
Current liabilities    
Accounts payable and accrued liabilities 5,561,645 7,923,036
Accrued compensation related 320,655 285,127
Operating lease liabilities 845,483 500,357
Notes payable 1,234,133 969,509
Total Current Liabilities 7,961,916 9,678,029
Operating lease liabilities, net of current portion 5,238,207 5,874,442
Liability under co-promotion agreement - related party 5,000,000
Notes payable, net of current portion 480,554
Total Liabilities 18,200,123 16,033,025
Commitments and Contingencies (Note 9)
Stockholders' Equity    
Common stock authorized - 100,000,000 common shares with a par value of $0.0001 as of July 31, 2021 and July 31, 2020, common stock issued and outstanding 39,152,610 and 23,054,474 common shares as of July 31, 2021 and July 31, 2020, respectively 3,916 2,305
Additional paid-in capital 286,337,291 214,789,808
Warrants issued and outstanding - 1,706,190 and 3,114,288 warrants as of July 31, 2021 and July 31, 2020, respectively 3,591,734 5,708,127
Accumulated other comprehensive loss (79,109) (19,504)
Accumulated deficit (251,778,031) (206,610,300)
Total Stockholders' Equity 38,075,801 13,870,436
Total Liabilities and Stockholders' Equity $ 56,275,924 $ 29,903,461