Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets – USD ($)
Apr. 30, 2022
Jul. 31, 2021
Current assets    
Cash and cash equivalents $ 19,477,493  $ 45,951,233 
Prepaid expenses and other current assets 1,658,436  3,228,191 
Total Current Assets 21,135,929  49,179,424 
Property and equipment, net 1,023,728  928,821 
Intangible assets, net 396,000  448,412 
Operating lease right-of-use assets 4,910,443  5,445,744 
Other long-term assets 528,090  273,523 
Total Assets 27,994,190  56,275,924 
Current liabilities    
Accounts payable and accrued liabilities 3,145,828  5,561,645 
Accrued compensation related 342,881  320,655 
Operating lease liabilities 1,073,440  845,483 
Note payable 124,755  1,234,133 
Total Current Liabilities 4,686,904  7,961,916 
Operating lease liabilities, net of current portion 4,418,671  5,238,207 
Liability under co-promotion agreement – related party 5,000,000  5,000,000 
Total Liabilities 14,105,575  18,200,123 
Commitments and Contingencies (Note 9)    
Stockholders’ Equity    
Common stock authorized – 100,000,000 common shares with a par value of $0.0001 as of April 30, 2022 and July 31, 2021, common stock issued and outstanding – 39,364,449 and 39,152,610 common shares as of April 30, 2022 and July 31, 2021, respectively 3,937  3,916 
Additional paid-in capital 287,855,594  286,337,291 
Warrants issued and outstanding – 1,706,190 warrants as of April 30, 2022 and July 31, 2021 3,591,734  3,591,734 
Accumulated other comprehensive income (loss) 178,731  (79,109) 
Accumulated deficit (277,741,381)  (251,778,031) 
Total Stockholders’ Equity 13,888,615  38,075,801 
Total Liabilities and Stockholders’ Equity $ 27,994,190  $ 56,275,924