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Consolidated Statements of Operations - USD ($)
5 Months Ended 12 Months Ended
Dec. 31, 2017
Jul. 31, 2017
Jul. 31, 2016
Revenues      
Royalty and licensing revenue $ 11,696,676 $ 18,406,142 $ 5,097,595
Treatment investment revenue 65,641 39,854 4,800,000
Total Revenue 11,762,317 18,445,996 9,897,595
Operating expenses      
General and administrative 5,887,135 6,530,533 14,509,400
Research and development 2,486,514 3,171,599 2,808,757
Royalty expenses 1,408,012 0 0
Selling expenses 438,625 1,651,099 317,917
Total operating expenses 10,220,286 11,353,231 17,636,074
Income (loss) from operations 1,542,031 7,092,765 (7,738,479)
Other income (expense)      
Interest income (expense), net 10,401 19,966 (11,890)
Gain (loss) on foreign exchange 10,027 18,356 (63,887)
Loss on settlement of liability (13,917) 0 0
Total other income (expense) 6,511 38,322 (75,777)
Income (loss) before provision for income taxes 1,548,542 7,131,087 (7,814,256)
Provision for income taxes (169,163) (550,474) 0
Net income (loss) $ 1,379,379 $ 6,580,613 $ (7,814,256)
Income (loss) per share of common stock:      
Basic (in shares) $ 0.66 $ 3.27 $ (4.09)
Diluted (in shares) $ 0.31 $ 2.94 $ (4.09)
Weighted average common stock outstanding      
Basic (in dollars per share) 2,077,663 2,014,540 1,910,489
Diluted (in dollars per share) 4,393,138 2,235,851 1,910,489