Annual report pursuant to Section 13 and 15(d)

Balance Sheet Details

v3.20.2
Balance Sheet Details
12 Months Ended
Jul. 31, 2020
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:

 

    July 31, 2020     July 31, 2019  
Equipment and furniture   $ 1,859,824     $ 1,859,824  
Computer software     109,242       109,242  
Leasehold improvements     21,934       21,934  
Property and equipment, gross     1,991,000       1,991,000  
Accumulated depreciation and amortization     (1,176,506 )     (959,871 )
Total   $ 814,494     $ 1,031,129  

 

Depreciation and amortization expense recorded for the years ended July 31, 2020 and 2019 was approximately $0.2 million and $0.2 million, respectively.

 

Accounts Payable and Accrued Liabilities

 

Accounts payable and accrued liabilities are comprised of the following:

 

    July 31, 2020     July 31, 2019  
Research and development costs   $ 4,730,347     $ 2,380,215  
Professional services fees     3,097,881       1,702,886  
Other     94,808       133,916  
Total   $ 7,923,036     $ 4,217,017  

 

Accrued Compensation

 

Accrued compensation is comprised of the following:

 

    July 31, 2020     July 31, 2019  
Separation costs   $ -     $ 495,004  
Accrued payroll     279,473       181,219  
401K payable     5,654       -  
Total   $ 285,127     $ 676,223  

 

Other Long-Term Liabilities

 

Other long-term liabilities are comprised of the following:

 

    July 31, 2020     July 31, 2019  
Deferred rent   $ -     $ 635,913  
Total   $ -     $ 635,913