Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
12 Months Ended
Jul. 31, 2021
Leases [Abstract]  
Schedule of Operating Lease Liabilities

Supplemental balance sheet information related to leases as of July 31, 2021 was as follows:

 

Operating Leases:      
Operating lease right-of-use assets   $ 5,445,744  
Operating Leases:        
Current portion included in current liabilities   $ 845,483  
Long-term portion included in non-current liabilities     5,238,207  
Total operating lease liabilities   $ 6,083,690  
Schedule of Lease Expenses

Supplemental lease expense related to leases was as follows:

 

   

For the Year

Ended

July 31, 2021

 
Operating lease cost   $ 1,482,956  
Total lease expense   $ 1,482,956  
Schedule of Other Information Related to Leases

Other information related to leases where the Company is the lessee is as follows:

 

   

As of

July 31, 2021

 
Weighted-average remaining lease term     5 years  
         
Weighted-average discount rate     9.95 %
Schedule of Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases was as follows:

 

   

For the Year Ended

July 31, 2021

 
Cash paid for operating lease liabilities   $ 1,272,290  
Total cash flows related to operating lease liabilities   $ 1,272,290  
Schedule of Future Minimum Lease Payments Under Non-Cancellable Lease

Future minimum lease payments under non-cancellable leases as of July 31, 2021 were as follows:

 

Years ending July 31,      
2022   $ 1,418,580  
2023     1,585,224  
2024     1,539,142  
2025     1,516,126  
2026     1,533,882  
Thereafter     240,688  
Total minimum lease payments     7,833,642  
Less: Imputed interest     (1,749,952 )
Total   $ 6,083,690