Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
 3 Months Ended
Oct. 31, 2022
Leases  
Schedule of Operating Lease Liabilities

Supplemental balance sheet information related to leases as of October 31, 2022 was as follows:

 

Operating Leases:

As of October 31,

2022

As of July 31,

2022
Operating lease right-of-use assets $ 3,931,083 $ 4,665,515
Operating Leases:
Current portion included in current liabilities $ 978,570 $ 1,111,571
Long-term portion included in non-current liabilities 3,513,897 4,126,636
Total operating lease liabilities $ 4,492,467 $ 5,238,207
 
Schedule of Lease Expenses

Supplemental lease expense related to leases is as follows:

 

For the Three

Months Ended

October 31, 2022

For the Three

Months Ended

October 31, 2021
Operating lease cost $ 379,116 $ 369,792
Total lease expense $ 379,116 $ 369,792
 
Schedule of Other Information Related to Leases

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

 

As of

October 31, 2022
Weighted-average remaining lease term 3.9 years
Weighted-average discount rate 10.13 %
 
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

October 31, 2022

For the Three

Months Ended

October 31, 2021
Cash paid for operating lease liabilities $ 390,424 $ 380,284
Total cash flows related to operating lease liabilities $ 390,424 $ 380,284
 
Schedule of Future Minimum Lease Payments Under Non-Cancellable Lease

Future minimum lease payments under non-cancellable leases as of October 31, 2022 is as follows:

 

Years ending July 31,
2023 – the remainder of the fiscal year $ 1,054,361
2024 1,350,056
2025 1,390,558
2026 1,432,274
2027 240,688
Total minimum lease payments 5,467,937
Less: Imputed interest (975,470 )
Total $ 4,492,467