Stockholder's Equity (Tables)

5 Months Ended

Dec. 31, 2017

Stockholders' Equity Note [Abstract]

Schedule of Assumptions Used in the Valuation

The assumptions used in the valuation of options granted under the 2017 Plan during the five months ended December 31, 2017 are as follows:

	Five Months Ended 12/31/17
Market value of stock on measurement date	$18.16 to $49.93
Risk-free interest rate	2.06 % to 2.47%
Dividend yield	—	%
Volatility factor	324% to 329%
Term	10.00

The assumptions used in the valuation for all of the Pre-2017 Non-Qualified Stock Options for the five months ended December 31, 2017 and for the years ended July 31, 2017 and 2016 were as follows:

	December 31, 2017			July 31, 2017		July 31, 2016
Market value of stock on measurement date	$	36.79		$5.61 to 13.00		$7.00 to 10.00
Risk-free interest rate	1.47		%	0.88-2.55%		0.71-2.05%
Dividend yield	0		%	0	%	0	%
Volatility factor	96		%	76-348%		124-373%
Term	2.12 years			2.28-10 years		3-10 years

Share-based Compensation, Stock Options, Activity

Stock option activity for options granted under the 2017 Plan during the five months ended December 31, 2017 is presented in the table below:

	Number of Shares		Weighted- average Exercise Price		Weighted- average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in Thousands)
Outstanding at July 31, 2017 and 2016	—
Total Options authorized	400,000
Granted	(214,000	)	$	37.62
Expired	—
Forfeited	40,000		$	49.93
Options available at December 31, 2017	226,000
Outstanding at December 31, 2017	174,000		$	34.78	9.71	$	14,430
Exercisable at December 31, 2017	—

Stock option activity for the Pre-2017 Non-Qualified Stock Options for the five months ended December 31, 2017 and the years ended July 31, 2017 and July 31, 2016 is presented in the table below: 

	Number of Shares		Weighted- average Exercise Price	Weighted- average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding at July 31, 2015	3,157,500		9.42	7.58
Granted	1,507,500		7.38
Exercised	(30,000	)	5.00
Outstanding at July 31, 2016	4,635,000		8.79	7.39	$	2,731,250
Granted	320,000		9.38
Expired	(5,000	)	10.00
Forfeited	(1,180,000	)	11.03
Outstanding at July 31, 2017	3,770,000		8.13	6.87	$	19,139,625
Exercised	(217,500	)	10.22
Forfeited	(572,000	)	11.51
Outstanding at December 31, 2017	2,980,500		7.33	7.06	$	46,606,210
Exercisable at December 31, 2017	2,691,598		7.12	6.92	$	42,659,151

Schedule of Nonvested Share Activity

Pre-2017 Non-Qualified Stock Options as of December 31, 2017 and changes during the five months ended December 31, 2017 and the years ended July 31, 2017 and 2017 are presented below:

Non-vested options	Number of Options		Weighted Average Grant Date Fair Value
July 31, 2015	37,500		3.85
Granted	1,507,500		$	7.06
Vested	(1,454,167	)	7.00
Non-vested at July 31, 2016	90,833		$	7.27
Granted	320,000		7.70
Vested	(70,962	)	6.70
Non-vested at July 31, 2017	339,871		$	7.93
Granted	—		—
Vested	(50,969	)	9.29
Non-vested at December 31, 2017	288,902		$	7.87

A summary of the status of the Company’s non-vested options granted under the 2017 Plan as of December 31, 2017 and changes during the five months ended December 31, 2017 are presented in the following table:

	Number of Shares		Weighted Average Grant Date Fair Value Per Share
Non-vested at July 31, 2017 and 2016	—
Granted	214,000		$	37.62
Forfeited	(40,000	)	49.93
Non-vested at December 31, 2017	174,000		34.78

Share-based Compensation, Warrant Activity

Warrant activity for the five months ended December 31, 2017 and the years ended July 31, 2017 and 2016 is presented in the table below:

	Number of Warrants		Weighted- average Exercise Price		Weighted- average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding at July 31, 2015	1,338,552		$	19.53	3.55
Expired	(123,167	)	35.55
Outstanding at July 31, 2016	1,215,385		$	17.90	2.86	$	—
Granted	45,000		10.00
Expired	(166,585	)	$	46.37
Forfeited	(325,000	)	15
Outstanding at July 31, 2017	768,800		$	12.50	3.04	$	1,184,000
Exercised	(356,790	)	14.83
Forfeited	(55,000	)	$	15.00
Outstanding at December 31, 2017	357,010		$	9.78	5.57	$	4,708,020