Balance Sheet Details
|12 Months Ended|
Jul. 31, 2016
|Balance Sheet Related Disclosures [Abstract]|
|Balance Sheet Details||
Note 5—Balance Sheet Details
Property and Equipment
Property and equipment, net, is comprised of the following:
Depreciation expense recorded for the years ended July 31, 2016 and 2015 was approximately $356,000 and $200,000, respectively. During the year ended July 31, 2016, leasehold improvements related to the Company’s former corporate headquarters of approximately $112,000 were written off upon moving to the new corporate headquarters.
Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities are comprised of the following:
Accrued compensation is comprised of the following:
Separation costs relate to agreements with certain of the Company’s former executive officers—see Note 9, Commitments and Contingencies for further information.
Other Long-Term Liabilities
Other long-term liabilities are comprised of the following:
At July 31, 2016, deferred rent is primarily comprised of the Company’s rent liability on its new Corporate headquarters (or, Nancy Ridge), whereas in the prior year ended period deferred rent was primarily comprised of the Company’s rent liability on its previous corporate headquarters (or, Summers Ridge). (See Note 9 Commitments and Contingencies for more information on the Nancy Ridge lease.) The Company terminated its Summers Ridge lease early and has no further obligations on that lease as of July 31, 2016.
The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.
No definition available.