Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 9 Months Ended
Apr. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions used to Calculate Fair Value of Stock Based Compensation

The following assumptions were used for the Black-Scholes calculation of the fair value of stock-based compensation related to stock options granted during the periods presented:

 

Nine Months

Ended

April 30, 2022

Nine Months

Ended

April 30, 2021
Expected term (years) 5.00 – 6.00 years 5.00 – 6.50 years
Risk-free interest rate 0.69 – 1.30 % 0.27 – 1.13 %
Volatility 86.98 – 90.74 % 85.31 – 89.08 %
Dividend yield 0 % 0 %
 
Summary of Stock Option Activity

The following is a summary of the Company’s 2011 Plan and non-Plan stock option activity for the nine months ended April 30, 2022:

Options

Weighted

Average

Exercise

Price

Weighted –

Average Remaining Contract
(in years)

Aggregate

Intrinsic

Value

($000)
Outstanding – July 31, 2021 3,111,642 $ 3.27
Granted 48,400 $ 1.76
Exercised (130,000 ) $ 1.56
Forfeited/Cancelled (706,728 ) $ 3.76
Outstanding – April 30, 2022 2,323,314 $ 3.19 8.5 $ –
Exercisable – April 30, 2022 1,948,233 $ 3.07 8.4 $ –
 
Summary of Restricted Stock Units

The following table summarize RSUs issued and outstanding:

RSUs

Weighted

Average

Grant Date

Fair Value
Nonvested – July 31, 2021 442,749 $ 3.24
Vested (67,839 ) $ 3.38
Forfeited/Cancelled (300,105 ) $ 3.16
Nonvested – April 30, 2022 74,805 $ 3.42
 
Summary of Common Stock Reserved for Future Issuance

The following table summarizes all common stock reserved for future issuance at April 30, 2022:

 

Common Stock options outstanding (within the 2011 Plan and outside of the terms of the 2011 Plan) 2,323,314
Common Stock reserved for restricted stock unit release 74,805
Common Stock authorized for future grant under the 2011 Plan 1,682,574
Common Stock reserved for warrant exercise 1,706,190
Shares issuable under CGP and Sirtex stock purchase agreements (Note 6) 1,924,001
Common Stock reserved for future ESPP issuance 28,294
Total Common Stock reserved for future issuance 7,739,178