Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
9 Months Ended
Apr. 30, 2022
Leases  
Schedule of Operating Lease Liabilities

Supplemental balance sheet information related to leases as of April 30, 2022 was as follows:

 

Operating Leases:      
Operating lease right-of-use assets   $ 4,910,443  
Operating Leases:        
Current portion included in current liabilities   $ 1,073,440  
Long-term portion included in non-current liabilities     4,418,671  
Total operating lease liabilities   $ 5,492,111  
Schedule of Lease Expenses

Supplemental lease expense related to leases is as follows:

 

   

For the Three Months Ended

April 30, 2022

   

For the Nine

Months Ended

April 30, 2022

 
Operating lease cost   $ 379,718     $ 1,126,828
Total lease expense   $ 379,718     $ 1,126,828  
Schedule of Other Information Related to Leases

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

 

   

As of

April 30, 2022

 
Weighted-average remaining lease term     4.3 years  
Weighted-average discount rate     9.97 %
Schedule of Cash Flow Information Related to Operating Leases

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

 

   

For the Three Months Ended

April 30, 2022

   

For the Nine

Months Ended

April 30, 2022

 
Cash paid for operating lease liabilities   $ 388,694     $ 1,184,073  
Total cash flows related to operating lease liabilities   $ 388,694     $ 1,184,073  
Schedule of Future Minimum Lease Payments Under Non-Cancellable Lease

Future minimum lease payments under non-cancellable leases as of April 30, 2022 is as follows:

 

Years ending July 31,      
2022 – the remainder of the fiscal year   $ 388,694  
2023     1,585,224  
2024     1,539,142  
2025     1,516,126  
2026     1,533,882  
Thereafter     240,688  
Total minimum lease payments     6,803,756  
Less: Imputed interest     (1,311,645 )
Total   $ 5,492,111