Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2022
Jul. 31, 2021
Current assets    
Cash and cash equivalents $ 19,477,493 $ 45,951,233
Prepaid expenses and other current assets 1,658,436 3,228,191
Total Current Assets 21,135,929 49,179,424
Property and equipment, net 1,023,728 928,821
Intangible assets, net 396,000 448,412
Operating lease right-of-use assets 4,910,443 5,445,744
Other long-term assets 528,090 273,523
Total Assets 27,994,190 56,275,924
Current liabilities    
Accounts payable and accrued liabilities 3,145,828 5,561,645
Accrued compensation related 342,881 320,655
Operating lease liabilities 1,073,440 845,483
Note payable 124,755 1,234,133
Total Current Liabilities 4,686,904 7,961,916
Operating lease liabilities, net of current portion 4,418,671 5,238,207
Liability under co-promotion agreement - related party 5,000,000 5,000,000
Total Liabilities 14,105,575 18,200,123
Commitments and Contingencies (Note 9)  
Stockholders’ Equity    
Common stock authorized – 100,000,000 common shares with a par value of $0.0001 as of April 30, 2022 and July 31, 2021, common stock issued and outstanding – 39,364,449 and 39,152,610 common shares as of April 30, 2022 and July 31, 2021, respectively 3,937 3,916
Additional paid-in capital 287,855,594 286,337,291
Warrants issued and outstanding – 1,706,190 warrants as of April 30, 2022 and July 31, 2021 3,591,734 3,591,734
Accumulated other comprehensive income (loss) 178,731 (79,109)
Accumulated deficit (277,741,381) (251,778,031)
Total Stockholders’ Equity 13,888,615 38,075,801
Total Liabilities and Stockholders’ Equity $ 27,994,190 $ 56,275,924