Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
 9 Months Ended
Apr. 30, 2022
Leases  
Schedule of Operating Lease Liabilities

Supplemental balance sheet information related to leases as of April 30, 2022 was as follows:

Operating Leases:
Operating lease right-of-use assets $ 4,910,443
Operating Leases:
Current portion included in current liabilities $ 1,073,440
Long-term portion included in non-current liabilities 4,418,671
Total operating lease liabilities $ 5,492,111
 
Schedule of Lease Expenses

Supplemental lease expense related to leases is as follows:

For the Three Months Ended

April 30, 2022

For the Nine

Months Ended

April 30, 2022
Operating lease cost $ 379,718 $ 1,126,828
Total lease expense $ 379,718 $ 1,126,828
 
Schedule of Other Information Related to Leases

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

As of

April 30, 2022
Weighted-average remaining lease term 4.3 years
Weighted-average discount rate 9.97 %
 
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

April 30, 2022

For the Nine

Months Ended

April 30, 2022
Cash paid for operating lease liabilities $ 388,694 $ 1,184,073
Total cash flows related to operating lease liabilities $ 388,694 $ 1,184,073
 
Schedule of Future Minimum Lease Payments Under Non-Cancellable Lease

Future minimum lease payments under non-cancellable leases as of April 30, 2022 is as follows:

Years ending July 31,
2022 – the remainder of the fiscal year $ 388,694
2023 1,585,224
2024 1,539,142
2025 1,516,126
2026 1,533,882
Thereafter 240,688
Total minimum lease payments 6,803,756
Less: Imputed interest (1,311,645 )
Total $ 5,492,111