Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.21.2
Stock-Based Compensation (Tables)
12 Months Ended
Jul. 31, 2021
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:

 

   

Year Ended

July 31, 2021

   

Year Ended

July 31, 2020

 
Expected term (years)     5.00–6.50 years       5.00–6.50 years  
Risk-free interest rate     0.27 -1.13 %     0.30 – 1.70 %
Volatility     85.31 – 89.08 %     80.93 –87.95 %
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 year ended July 31, 2021:

 

    Options     Weighted Average Exercise Price     Weighted -average Remaining Contract    

Aggregate Intrinsic Value

($000)

 
Outstanding - July 31, 2020     1,442,856     $ 1.65                  
Granted     2,313,326     $ 4.06                  
Exercised     (377,361 )   $ 1.69                  
Forfeited/Cancelled     (267,179 )   $ 3.58                  
Outstanding - July 31, 2021     3,111,642     $ 3.27       9.2     $ 639  
Exercisable - July 31, 2021     1,685,481     $ 2.66       8.9     $ 603  
Summarize Restricted Stock Units

The following table summarize restricted stock units issued and outstanding:

 

    RSUs     Weighted Average Grant Date Fair Value  
Nonvested - July 31, 2020     34,914     $ 0.71  
Granted     588,875     $ 3.23  
Vested     (178,540 )   $ 2.73  
Forfeited/Cancelled     (2,500 )   $ 1.64  
Nonvested - July 31, 2021     442,749     $ 3.24  
Summary of Common Stock Reserved for Future Issuance

The following table summarizes all common stock reserved for future issuance at July 31, 2021:

 

Common Stock options outstanding (within the 2011 Plan and outside of the terms of the 2011 Plan)     3,111,642  
Common Stock reserved for restricted stock unit release     442,749  
Common Stock authorized for future grant under the 2011 Plan     808,516  
Common Stock reserved for warrant exercise     1,706,190  
Shares issuable under CGP and Sirtex stock purchase agreements     1,924,001  
Commons Stock reserved for future ESPP issuance     29,794  
Total common stock reserved for future issuance     8,022,892