Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details (Tables)

v3.22.1
Balance Sheet Details (Tables)
 9 Months Ended
Apr. 30, 2022
Balance Sheet Details  
Schedule of Property and Equipment, Net

Property and equipment, net, is comprised of the following:

April 30, 2022 July 31, 2021
Equipment and furniture $ 1,944,540 $ 1,919,301
Computer software 109,242 109,242
Leasehold improvements 32,651 32,651
Construction in progress 446,367 234,409
Property and equipment, gross 2,532,800 2,295,603
Accumulated depreciation and amortization (1,509,072 ) (1,366,782 )
Total $ 1,023,728 $ 928,821
 
Schedule of Intangible Assets

Intangible assets, net, is comprised of the following:

April 30, 2022 July 31, 2021
License $ 495,000 $ 495,000
Accumulated amortization (99,000 ) (46,588 )
Total $ 396,000 $ 448,412
 
Schedule of Amortization Expense of Intangible Assets

At April 30, 2022, the estimated amortization expense by fiscal year based on the current carrying value of intangible assets is as follows:

Years ending July 31,
2022 – the remainder of the fiscal year $ 17,471
2023 69,882
2024 69,882
2025 69,882
2026 69,882
Thereafter 99,001
Total $ 396,000
 
Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities are comprised of the following:

April 30, 2022 July 31, 2021
Research and development costs $ 2,391,304 $ 4,206,926
Professional services fees 664,035 1,229,040
Other 90,489 125,679
Total $ 3,145,828 $ 5,561,645
 
Schedule of Accrued Compensation

Accrued compensation is comprised of the following:

April 30, 2022 July 31, 2021
Accrued payroll   $ 166,384     $ 311,590  
401K payable     31,996       9,065  
Accrued severance     144,501       –  
Total   $ 342,881     $ 320,655